Landesbank Berlin

Landesbank Berlin Holding AG
Country	Germany
Seat	Berlin
legal form	Corporation
founding	January 1, 1994
Website	www.lbb-holding.de
Business data 2019
Total assets	4.276 billion euros
Employee	119
management
Board	Johannes Evers (chairman), Michael Jänichen, Sascha Klaus, Alexander Stuwe
Supervisory board	Helmut Schleweis (chairman)

Landesbank Berlin AG
Country	Germany
Seat	Berlin
legal form	Corporation
Bank code	100 500 00
BIC	BELA DEBE XXX
founding	October 1, 1990
Association	Savings Bank Association Berlin
Website	www.lbb.de
Business data 2019
Total assets	40.93 billion euros
insoles	28.57 billion euros
Customer credit	23.89 billion euros
Employee	3,170
management
Board	Johannes Evers (Chairman), Michael Jänichen, Hans Jürgen Kulartz, Tanja Müller-Ziegler
Supervisory board	Helmut Schleweis (chairman)

The Landesbank Berlin AG (LBB) is a universal bank with headquarters in Berlin . The historic core of LBB is the Berliner Sparkasse . The parent company Landesbank Berlin Holding AG is a financial holding company and holds one hundred percent of the shares in Landesbank Berlin AG. LBB was the Landesbank of the Federal State of Berlin from its foundation in 1990 and has been wholly owned by the Sparkassen-Finanzgruppe since it was sold in 2007 .

In 2013 it became known that Landesbank Berlin was to be merged with Berliner Sparkasse.

history

founding

The Girozentrale der Stadt Berlin, a forerunner of today's Landesbank Berlin, was founded on December 12, 1921 as a department of the Sparkasse of the City of Berlin . As a result of the Second World War and the division of Berlin , the Sparkasse was also broken up. From 1950 the Sparkasse der Stadt Berlin-West took over the function of a giro center for Berlin.

Landesbank Berlin - Girozentrale - (LBB) was founded as an institution under public law on October 1, 1990, two days before reunification. Hubertus Moser, previously Chairman of the Board of Management of Berliner Sparkasse and now Chairman of the Board of Management of Landesbank Berlin, presented the first balance sheet report of Landesbank Berlin on December 31, 1990, in which the two savings banks were combined. The balance sheet total was around DM 31 billion. At that time, the institute had around 6,000 employees, 1,800 of them in the east of the city.

Merger to form Bankgesellschaft Berlin and Crisis

Landesbank Berlin headquarters on Alexanderplatz in Berlin. In October 2006 the logo of the bank company (design: Kurt Weidemann ) was removed from the roof of the building .

Bankgesellschaft Berlin (BgB) was founded in 1994 through the merger of Landesbank Berlin (including Berliner Sparkasse ), Berliner Bank AG and Berlin-Hannoversche Hypothekenbank AG . This company was unique in the German banking landscape, as private and public banks were merged for the first time. The bank company served here both as a holding company and as its own bank. The aim of the establishment was to be represented in Berlin again with a major bank.

Shortly after the start of business, the Berliner Bank AG became aware of significant risks in the lending business , which required substantial value adjustments . The group also built up a very extensive and high-risk real estate services business. Together with the high value adjustments in the lending business, these risks put the bank company in a situation that threatened its existence. As a result, a tough restructuring program was initiated to stabilize the group. In August 2001, a capital increase of 1.997 billion euros was carried out, of which the State of Berlin took over a share of 1.755 billion euros. As a result, the state of Berlin's shareholdings increased from 56.8% to 80.95%. Various agreements with the State of Berlin regulated the shielding of the group from the high risks that the subsidiaries of the bank had caused with their real estate services business. Since both - the capital increase and the risk shield - were state aid, they required the approval of the EU Commission . The latter approved this aid on the condition that the State of Berlin had to part with its shares in the company by 2007.

Conversion of LBB into a stock corporation

On the basis of the Berlin Savings Banks Act of June 28, 2005, Landesbank Berlin - Girozentrale - was converted from a public law institution into a stock corporation on January 1, 2006.

Renaming of the bank company

At the general meeting of Bankgesellschaft on July 14, 2006, it was decided to draw a line on the outside as well. Bankgesellschaft Berlin AG was renamed Landesbank Berlin Holding AG on August 29, 2006. The Bankgesellschaft's assets were transferred to Landesbank Berlin AG, and in return the Bankgesellschaft received shares in the Landesbank.

Netbank

In 2007 LBB took over a majority stake of 75 percent minus one share in Netbank , which previously belonged exclusively to several Sparda banks . Netbank was completely sold to Augsburger Aktienbank in 2015 and merged with it on July 1, 2016.

Sale to the Sparkassen-Finanzgruppe

Due to EU aid granted, the state of Berlin had to sell its stake by the end of 2007. In the bidding process to 19 national and international, including the prospective buyers were DSGV , the BayernLB , the Landesbank Baden-Württemberg and the Commerzbank opposite. On June 15, 2007, the Sparkassen-Finanzgruppe was awarded the former state share of 81 percent. The bid was 4.62 billion euros. According to a report by the rbb dated May 31, 2007, however, there are several times the liabilities that remain with the State of Berlin even after the sale.

In addition to the purchase price, the DSGV had undertaken to take over a silent contribution from the state of Berlin in the amount of 723 million euros.

Alleged data theft in 2008

On December 12, 2008, it was announced that the Frankfurter Rundschau had received a package with detailed credit card statements from 2008 from customers of Landesbank Berlin (LBB). The data shipment seized by the Frankfurt police contained eight unopened PIN letters (post returns) on blocked accounts. According to the Landesbank, the data contained there could not be used to enable access to customer accounts. In addition to customers of the Landesbank, credit card customers of the automobile club ADAC and the internet retailer Amazon are also affected. On microfiche stored data appear to have been stolen after media reports on a Courier transport with which the IT service AtosWorldline the company General Logistics Systems had commissioned (GLS).

As reported on December 19, 2008, two courier drivers were responsible for this, who stole and consumed a Christmas stollen from a package sent to the editor-in-chief of the Frankfurter Rundschau. The employees then took one of six parcels addressed to LBB with the data and stuck the label of the opened parcel with the Christmas stollen on it, which was then delivered to the Frankfurter Rundschau instead of the actual parcel. On June 2, 2009, the two courier drivers were sentenced to a fine by the Frankfurt district court .