LfA Förderbank Bayern
| LfA Förderbank Bayern | |
|---|---|
|
|
| Country |
 Germany
|
| Seat | Munich |
| legal form | Institute of public right |
| Bank code | 702 200 00 |
| BIC | LFFB DEMM XXX |
| founding | 1951 |
| Website | www.lfa.de |
| Business data 2018 Error in expression: unexpected operator div | |
| Total assets | EUR 21.07 billion |
| Employee | 328 |
| management | |
| Board of Directors | Hubert Aiwanger (Chairman) |
| Board | Otto Beierl (Chairman of the Board of Management) |
The LfA Förderbank Bayern is the state development institute of the Free State of Bavaria in the legal form of an institution under public law with headquarters in Munich . It was founded in 1951 to finance the economic reconstruction of Bavaria after the Second World War . Your current task is corporate finance in the areas of start-ups, growth, innovation, energy and the environment, and stabilization. In addition, the LfA supports municipalities in their investment projects with the business area Infrastructure. The target group of the LfA are medium-sized companies, founders and municipalities in Bavaria.
history
Reorganization and advancement after the Second World War
After the Second World War, Bavaria's economy had to get going again and the integration of over 1.9 million refugees had to be managed. Against this background, on December 7, 1950, the State Agency for Reconstruction Financing was founded by a law of its own and began operations on May 1, 1951. The LfA initially promoted numerous small businesses, soon also medium-sized and large companies. Broad-based funding measures and the support of troubled companies contributed significantly to the economic miracle in Bavaria.
Economic promotion in the recession and crisis years
Economic crises and structural upheavals characterized economic development in the long 1970s . The 1973 oil crisis , in the course of which the price of energy suddenly more than doubled, is characteristic of this period . In 1970, the changed focus of the LfA's activities was taken into account with a new LfA law: its commitment increasingly focused on regional economic development .
Upheaval in European economic regions and globalization
Due to the rapidly advancing globalization , the opening of the Eastern European markets and the reunification of Germany , new opportunities arose for the Bavarian economy, but also structural problems. With the settlement of Bavarian companies in the new federal states, the LfA campaigned for the promotion of an efficient economic structure. In the 1990s, start-up support in Bavaria experienced a massive boost through the provision of venture capital.
The LfA today
After more than 50 years of business activity, the business volume of LfA, which has been operating under the new name LfA Förderbank Bayern since 1997, has grown significantly. The LfA's promotional activity continues to grow accordingly. In 2018, loans totaling around EUR 2.8 billion were committed. However, government funding for low-interest program loans is becoming increasingly scarce. The majority of the loans are now financed by the LfA itself. It procures the funds on the money and capital markets at normal market conditions through bond issues. The risk relief through sureties, releases from liability and guarantees, which developed particularly expansively in the 1990s, also remain current: They rose from EUR 33 million in 1990 to EUR 220 million in 2018. Via two companies in the LfA Group, BayBG Bayerische Beteiligungsgesellschaft and Bayern Kapital, LfA offers its customers venture capital models with which a secure financial company base can be created. Bayern Kapital funds, a wholly-owned subsidiary of LfA, provide young and growing technology-oriented companies in Bavaria with equity capital.
tasks
The aim of the LfA's promotional business is to financially support projects of small and medium-sized enterprises as well as other measures to improve and strengthen Bavaria's economic, transport and environmental structure and thus to secure or create jobs.
The main tasks are:
- Make it easier for young companies to enter the market
- Strengthen the performance of medium-sized companies
- Companies help bring new products and processes to market
- Reduce differences in regional economic strength
- finance the reduction of operational environmental pollution
- Helping companies out of economic crises in the interests of employees
- to advance the expansion of the business-related infrastructure
- Support foreign investments , if this strengthens the location in Bavaria
- improve the conditions for growth by expanding the business-oriented infrastructure
- secure the financing of major projects in association with other credit institutions.
All loan financing is applied for and processed via the borrower's house bank . Any commercial bank that is ready to issue promotional loans can be the house bank. The LfA is therefore not in competition with the banks, but works with them.
facts and figures
- By law, liability rests 100 percent with the Free State of Bavaria .
- The subscribed capital amounts to EUR 368 million, the core capital around EUR 1.7 billion.
- The organs of the LfA are the management board and the administrative board , which corresponds to the supervisory board under company law .
- As a bank, the LfA is subject to the supervision of the Federal Financial Supervisory Authority and the provisions of the Banking Act .
- Since its inception, the bank has committed more than 415,000 commercial loans with a total loan amount of around EUR 71 billion.
- As a public institution, the LfA is exempt from corporation tax.
- The bank extends the loans according to the house bank principle. It is neutral in relation to the commercial banks and does not compete with them.
Web links
Footnotes
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ Annual Report 2018 (PDF)
- ^ LfA Förderbank Bayern: The Board of Directors. Retrieved May 1, 2020 .
- ^ LfA Förderbank Bayern: The board of the LfA Förderbank Bayern. Retrieved May 1, 2020 .
- ↑ Law on the Bavarian State Agency for Construction Financing [1]
Coordinates: 48 ° 8 '47.8 " N , 11 ° 35' 3.6" E