Investment Bank Hessen

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Investment Bank Hessen

logo
legal form Public law institution (since 2005)
founding 1951
resolution 2009
Reason for dissolution Law on the reorganization of the monetary order in Hesse of July 16, 2009
Seat Frankfurt am Main , Germany
Number of employees 231 (December 2008)
Branch Banks
Website www.ibh-hessen.de

The Investment Bank Hessen (IBH) was the central funding institute of the State of Hesse until August 30, 2009 . On August 31, 2009, the IBH was merged with the LTH - Bank for Infrastructure to form the Hessen Business and Infrastructure Bank , and the legal entity thus expired.

tasks

According to § 2 and § 3 of the IBH Act, the IBH performed the following tasks:

  1. Promotion of the individual, commercial economy with special consideration of the middle class as well as the liberal professions,
  2. Promoting the settlement of companies,
  3. Promotion through the provision of risk capital,
  4. Promotion of technical progress, in particular technology and innovation financing,
  5. Funding of infrastructure measures,
  6. Promotion of measures to develop structurally weak areas,
  7. Promotion of agriculture, forestry and rural areas,
  8. Promotion of environmental, nature and landscape protection,
  9. Funding within the framework of internationally agreed funding programs,
  10. Promotion of measures of labor market policy,
  11. Promotion of economic issues in culture and education.
  12. Participation in projects in the interests of the European Union that are co-financed by the European Investment Bank or similar European financial institutions
  13. Financing for local authorities and special purpose associations under public law

Main areas of activity

The focus of activity was on monetary economic development for the State of Hesse. It focused on the (direct and indirect) support of small and medium-sized enterprises in the creation and maintenance of sustainable structures and competitive jobs. The IBH worked with all banks and savings banks in a non-competitive manner (house bank principle).

The economic development included the business areas:

  • Loans
  • Guarantees
  • Takeover and processing of funding programs
  • Holdings

The above-mentioned tasks and main areas of activity will be continued in the new Hessen Economic and Infrastructure Bank. The guarantor liability of the state of Hesse, which enables the bank to refinance cheaply, was also continued.

Holdings

Most recently, the state of Hesse and Helaba were each 50 percent shareholders in IBH . The share capital was EUR 40.0 million.

The Beteiligungs-Managementgesellschaft Hessen mbH (MB H) was a subsidiary of the IBH, the purpose of which is to support medium-sized businesses in Hessen through various investment funds with silent and open investments. In the course of the merger of IBH, Helaba took over the subsidiary's shares.

Reasons to merge

With the merger of IBH and LTA to form the new Hessen Economic and Infrastructure Bank, the Hessian state government intended to bundle and concentrate the state's business-promoting activities. This made it possible to design processes and structures in the promotional business more efficiently, to avoid duplication of responsibilities and to enable business promotion for companies and banks from a single source

Individual evidence

  1. ↑ Law on the establishment of the Hessen Investment Bank of July 23, 2005 . In: The Hessian Minister of Finance (Hrsg.): Law and Ordinance Gazette for the State of Hesse . 2005 No. 14 , p. 426 ( online at the information system of the Hessian state parliament [PDF; 176 kB ]).
  2. ^ European Business Network - IBH
  3. ↑ Law on the reorganization of monetary support in Hesse of July 16, 2009
  4. ↑ About us. WiBank, archived from the original ; accessed on July 6, 2018 .
  5. ^ Annual report 2009 of the Investitionsbank Hessen
  6. ↑ Annual report 2008 of the Investment Bank Hessen