LTH - Bank for Infrastructure
| LTH - Bank for Infrastructure, now the Hessen Economic and Infrastructure Bank
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| legal form | Economically and organizationally independent, legally dependent institution in the Landesbank Hessen-Thüringen (Helaba) |
| founding | 1950 as the state trustee for Hesse |
| Seat | the Helaba is in Frankfurt am Main and Erfurt , Germany |
| Number of employees | 150 ( as of 2007 ) |
| Branch | Banks |
| Website | www.lth.de |
The LTH - Bank for Infrastructure was until August 30, 2009 a funding institute of the State of Hesse . On August 31, 2009, Investitionsbank Hessen was merged with LTH - Bank for Infrastructure and continued under the name of Wirtschafts- und Infrastrukturbank Hessen .
history
The state of Hesse and the Hessische Landesbank Darmstadt signed a contract on March 1, 1950 on "the disbursement and administration of state loans to promote the construction of apartments and settlements or other state measures". With this contract, the state centralized the state subsidies at an institution that was subject to the influence of the state of Hesse through guarantor and at the same time was able to process the state subsidies in a bank. The LTH Landestreuhandstelle Hessen began its work on April 1, 1950 as an organizational unit of the Offenbach am Main branch of the Hessische Landesbank Darmstadt (from 1953 Helaba ). It was based at Savignystraße 42 in Frankfurt am Main.
The "State Approval Committee" was dissolved in 1964. He approved the funds administered by the LTH Landestreuhandstelle Hessen. The committee included representatives of the responsible ministries of the State of Hesse, in particular the Hessian Ministry of Finance and the Hessian Ministry of the Interior, which is responsible for housing.
In August 1965, the LTH Landestreuhandstelle Hessen received the approval authority for subsidies from the State of Hessen. In 1985, LTH approvals and loan commitments in the housing sector exceeded DM 10 billion. The State of Hesse left the guarantor of Helaba at the end of 1989 / beginning of 1990, but deliberately left the trust mandates to exist. From the first reading of the state government's draft law for a third law amending the law on the reorganization of the public banking and savings bank system on September 20, 1989 in the Hessian state parliament:
- “Why shouldn't we work with the Hessische Landesbank? We have three contracts that concern the business of the trustee. We have extended it in the context of this handover business; I have waived the termination. There are hundreds of employees at Helaba, well informed, working for the country. I would have to be a fool if I wanted to change that and set up the same administrative system in the state administration. There can be no question of that. The contracts have been extended and not terminated. "(The then Hessian Minister of Finance, Minister of State Kanther - quoted from the minutes of the 85th meeting in 1989)
With the "Act establishing the State Trustee Office Hessen - Bank for Infrastructure - legally dependent institution in the Landesbank Hessen-Thüringen Girozentrale (LTH - Bank for Infrastructure - Law)", which came into force on January 1, 2007, the State of Hesse had the LTH Bank built for infrastructure and assumed the guarantor liability for this. While maintaining legal continuity, the State Trustee Office Hessen LTH has been referred to as "LTH - Bank for Infrastructure - legally dependent institution in the Landesbank Hessen-Thüringen Girozentrale" (LTH - Bank for Infrastructure) since January 1st, 2007. On March 15, 2007, the Board of Owners passed a resolution on the amended Helaba Articles of Association due to the law. On April 24, 2007, the Thuringian Ministry of Finance approved this amendment to the statutes in agreement with the Hessian Ministry of Economics, Transport and Regional Development.
The basis for this reorganization was the Brussels Concordance from 2002. Thereafter, the LTH - Bank for Infrastructure was granted guarantor liability , while at the same time it was integrated into the organizational structure of a Landesbank. The guarantor liability has the advantage of being able to make use of state liability instruments at the same time as the efficient implementation of the promotional business according to banking standards. The LTH - Bank for Infrastructure was thus able to generate sustainable refinancing advantages that benefit the promotional business.
With the law on the reorganization of the monetary order in Hesse of July 16, 2009, the LTH - Bank for Infrastructure was merged with the Investment Bank Hessen to form the Hessen Economic and Infrastructure Bank (WIbank). The aim was to enable business, municipalities and private individuals to receive funding from a single source and thus to combine the funding offerings, which had previously been distributed across two state development banks, and to make them more efficient. The LTH Bank for Infrastructure Act of December 18, 2006 was renamed the Wirtschafts- und Infrastrukturbank Hessen-Gesetz.
tasks
According to § 2 of the LTH Bank for Infrastructure Act, LTH - Bank for Infrastructure was able to perform the following tasks in particular within the framework of the laws and guidelines of the European Communities, the Federal Government and the State of Hesse and in accordance with the state aid regulations of the European Communities:
- Promotion of housing,
- Promotion of municipal construction,
- Promotion of urban planning and urban development,
- Promotion through the provision of risk capital ,
- Promotion of technical progress, in particular technology and innovation financing,
- Funding of infrastructure measures,
- Promotion of measures to develop structurally weak areas,
- Promotion of agriculture and forestry, rural areas and environmental, nature and landscape protection,
- Funding within the framework of internationally agreed funding programs,
- Promotion of economic issues in culture and education,
- Funding of measures of a purely social nature, including syndicated financing ,
- Financing for local authorities and special purpose associations under public law.
Main areas of activity
- Granting of promotional loans (also in combination with capital market loans) for the construction and acquisition of owner-occupied residential property
- Granting of promotional loans for the new construction and modernization of rental apartments, in particular promoting energy saving
- Granting of student loan loans
- Promotion of urban planning and urban development
- Granting of loans from the Hessian Investment Fund for municipal infrastructures
- Granting of grants for the construction of biogas and biomass combustion plants
- Pre-financing of funding notices
- Hospital funding
Web links
Individual evidence
- ↑ Law on the reorganization of monetary support in Hesse of July 16, 2009
- ↑ LTH Annual Report 2008, p. 4
- ↑ WIbank Annual Report 2009, pp. 2-5 (PDF)
- ↑ LTH Bank for Infrastructure Law - in the version before the merger ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
