Landeskreditbank Baden-Württemberg
The Landeskreditbank Baden-Württemberg is a former public-law institution that was wholly owned by the state of Baden-Württemberg . The seat of the bank was Karlsruhe ; a branch was located in Stuttgart .
history
In 1922, Eugen Bolz , Minister of the Interior and Finance of the State of Württemberg , founded the Württemberg housing credit institution, which began its work in 1924. The aim was to alleviate the housing shortage, which was particularly severe after the First World War. In 1932, the Württemberg housing credit agency was renamed Württembergische Landeskreditanstalt . In 1934, the Baden housing welfare funds were merged into the Badische Landeswohnungsfürsorgeanstalt and in 1935 renamed the Badische Landeskreditanstalt for Housing .
In 1953, the area of responsibility of the Badische Landeskreditanstalt was expanded: Other focal points were reconstruction and the procurement of housing.
With effect from January 1, 1972, the Landeskreditbank Baden-Württemberg was founded by the association of the Badische Landeskreditanstalt for housing construction in Karlsruhe and the Württembergische housing loan agency in Stuttgart. It continues the traditional funding programs in the areas of housing, agriculture and infrastructure. In 1973, the Landeskreditbank was given the new task of economic development.
As part of the restructuring of the three large public banks in Baden-Württemberg, the bank was dissolved on December 31, 1998. Since December 1, 1998, the promotional part of the bank has been operating under the name L-Bank (full name: Landeskreditbank Baden-Württemberg - Förderbank). At the same time, the market segment was merged with the former Südwest LB and the Landesgirokasse Stuttgart to form Landesbank Baden-Württemberg .
Rolf Schoeck (1972–1992) was the long-standing CEO of the Landeskreditbank Baden-Württemberg, followed by Hans Dietmar Sauer (1992–1998).
Individual evidence
- ^ L-Bank (Ed.): 20 years of L-Bank. Goal and future. 1992