Landeskreditbank Baden-Württemberg – Förderbank Explained

Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) is the regional promotional bank (German: Förderbank) for the German state of Baden-Württemberg. It was established in 1998 and is headquartered in Stuttgart.^[1]

Overview

In 1988, German: Landeskreditbank Baden-Württemberg spun off its development finance operations as German: Landeskreditbank Baden-Württemberg – Förderbank, branded L-Bank, before merging the next year with to form Landesbank Baden-Württemberg (LBBW).^[2] Also in 1998, the ownership of the Development Bank of Saxony was transferred from L-Bank to the state of Saxony.^[3]

In 2017, L-Bank lost a lawsuit in which it had argued that it should not have been brought under European Banking Supervision.^[4] Subsequent EU legislative changes, however, exempted all German German: Förderbanken from European-level supervision.

Together with other German: Förderbanken and the more commercially oriented Landesbanken, L-Bank is a member of the Association of German Public Banks (VÖB).^[5]

See also

• KfW
• German public banking sector

Notes and References

1. Web site: L-Bank . Fördermittel Deutschland . de.
2. Web site: LBBW.de . . LBBW is celebrating its bicentenary .
3. Web site: L-Bank . Geschichte der L‑Bank .
4. Web site: L-Bank scheitert mit Klage gegen EZB-Überwachung . . Manager Magazin.
5. Web site: Mitglieder . VÖB Bundesverband Öffentlicher Banken Deutschlands . de.