| Landesbank Berlin AG | |
| Former Name: | Bankgesellschaft Berlin |
| Type: | Aktiengesellschaft |
| Industry: | Commercial bank |
| Predecessors: | --> |
| Successors: | --> |
| Founders: | --> |
| Hq Location City: | Berlin |
| Hq Location Country: | Germany |
| Areas Served: | --> |
| Owners: | --> |
| Num Employees: | 3210 |
| Parent: | Deutscher Sparkassen- und Giroverband |
Landesbank Berlin Holding (formerly Bankgesellschaft Berlin;) is a large commercial bank based in Berlin, Germany. It is the holding company of the Berliner Sparkasse and Landesbank. In 2007, LBB was taken over by the Deutscher Sparkassen- und Giroverband (DSGV). Berlin was forced to sell its stake by the European Commission as a condition of permitting the bailout of the then Bankgesellschaft Berlin, which had gotten into difficulties due to a real-estate scandal. In 2010, a net profit of EUR 317 million was reported.[1]
LBB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2] [3]