Liquidity consortium bank
| Liquiditäts-Konsortialbank GmbH iL | |
|---|---|
| Country |
 Germany
|
| Seat | Frankfurt am Main |
| legal form | GmbH |
| founding | 1974 |
| Business data 2015 | |
| Total assets | 237.4 million euros |
| Employee | 2 |
| management | |
| Corporate management |
Marck Wengrzik |
The LiquiditätsKonsortialbank GmbH iL , also known as Liko-Bank, based in Frankfurt am Main is a specialist bank . It was founded in 1974 by the Deutsche Bundesbank and other companies in the German banking sector under the impact of the Herstatt Bank crisis .
In November 2015, a "liquidation closing balance as of November 02, 2015" was published, according to which the "liquidation is to be regarded as ended". As of January 2018, however, the company is still registered in the commercial register.
structure
Both the Deutsche Bundesbank and other banks involved in it participate in the capital contributions of the liquidity syndicate bank, which is organized under private law. There is a high obligation to make additional payments on the corresponding capital contribution .
task
The task of the bank is gaining in importance in connection with deposit protection . The support of a bank by the liquidity syndicate bank has a shielding character.
In a financial bottleneck situation, it provides a bank with the necessary liquidity to ensure the processing of its domestic and foreign payment transactions . This is to prevent bankruptcy and thereby the loss of the corresponding customer deposits. The prerequisite for the granting of help is that the bank being supported has a perfect credit rating .
functionality
The liquidity is granted to the illiquid bank in the form of the conversion of high quality non-central bankable bills of exchange into central bankable bills.
meaning
Until the creation of the European Economic and Monetary Union (EMU) , the liquidity consortium bank for the currency area of the Deutsche Mark played the role of lender of last resort . This is because the Deutsche Bundesbank, which is involved in it, was able to carry out the aid measures to a theoretically unlimited extent due to its financial position. This option has not been available since the European Central Bank was founded . The importance of the bank has been very minor since then. During its existence, only nine applications for aid were made, of which only four were approved, the last being in 1985.
During the financial crisis from 2007 onwards , the liquidity syndicate bank was not used as an instrument to rescue banks. In April 2010 there was therefore speculation in the press about demands to liquidate the bank.
resolution
On April 4, 2014, the shareholders' meeting unanimously decided to dissolve the bank as of July 31, 2014. Since then the company has been wound up. On November 2, 2015, the annual financial statements and the closing balance sheet for the last financial year (short financial year) from August 1, 2015 to November 2, 2015 were prepared.
Individual evidence
- ↑ The company's own employees are only the two managing directors . The work is carried out by employees of AKA Export Credit-Gesellschaft mbH (as stated in the 2015 annual financial statements).
- ↑ Annual financial statements and final liquidation balance as of November 2, 2015 in the Federal Gazette at http://www.bundesanzeiger.de/
- ↑ http://www.unternehmensregister.de
- ↑ Björn Godenrath: Shareholders resolve dissolution of Liko-Bank . Frankfurt special institute can now be dispensed with. In: Börsen-Zeitung . No. 67 , April 5, 2014, p. 4 ( onvista.de [accessed on February 7, 2018]).
- ^ Frank M. Drost: Liquidity consortium bank: The useless rescue bank. In: Handelsblatt. April 13, 2010, archived from the original on April 18, 2010 ; accessed on February 7, 2018 .
- ↑ Business Register Explanatory Report on the opening balance sheet as of August 1, 2014 ", accessed on October 11, 2015.
- ↑ Federal Gazette of September 9, 2016, accessed on December 13, 2016.