Landesbank Rhineland-Palatinate
| Landesbank Rhineland-Palatinate | |
|---|---|
| Country |
 Germany
|
| Seat | Mainz |
| legal form | Institute of public right |
| founding | 1958 |
| resolution | July 1, 2008 |
| management | |
| Corporate management |
Friedhelm Plogmann ( CEO ) ( 2008 ) |
The Landesbank Rheinland-Pfalz (short: LRP), based in Mainz, was the state bank of the federal state of Rhineland-Palatinate . The bank was on 1 July 2008 by treaty between the countries Rhineland-Palatinate and Baden-Wuerttemberg under resolution with the Landesbank Baden-Württemberg (LBBW) combined . The Rheinland-Pfalz Bank is now part of LBBW (in the legal form of “Anstalt in der Anstalt” (AidA)) and calls itself “Company of the LBBW Group”.
history
The Landesbank und Girozentrale Rheinland-Pfalz was founded on July 1st, 1958. It was created through the merger of the Kaiserslautern-based Girozentrale Pfalz and Bayerische Versicherungskammer, the Rheinische Girozentrale and Provinzialbank based in Koblenz and the Mainz-based Hessen-Nassauische Landesbank. The bank was initially owned by the state of Rhineland-Palatinate and 50% each by the savings banks in Rhineland-Palatinate.
In 1992, the state of Rhineland-Palatinate sold its 50 percent stake in the bank for DM 750 million to WestLB (37.5%) and SüdwestLB (12.5%), one of the predecessor institutes of LBBW. The remaining 50% initially continued to be held by the savings banks in Rhineland-Palatinate.
In 1994 LRP took a 25% stake in Westdeutsche ImmobilienBank , which was founded in Mainz - together with WestLB (50%) and SüdwestLB (25%).
On January 1, 2005, the bank became a wholly-owned subsidiary of LBBW after it had surrendered its stakes in Westdeutsche ImmobilienBank to WestLB and LBS Landesbausparkasse Rheinland-Pfalz had been spun off. In return, the Sparkassen- und Giroverband Rheinland-Pfalz acquired a 4.9% stake in LBBW and held 80% in LBS.
From then on, LRP, initially run as a legally independent subsidiary of LBBW, was merged with LBBW on July 1, 2008 and was dissolved. In connection with the merger, LBBW established a branch in Mainz, which is to be expanded into the LBBW Group's real estate competence center. The Mainz location became the fourth LBBW headquarters. A smaller part of LRP's previous business, mainly with a regional focus, has continued to be operated by LBBW since the merger in a newly established “establishment within the establishment” called the Rheinland-Pfalz Bank . However, this is not a legally independent bank.
Business alignment
The bank was a commercial bank in the legal form of a public credit institution . In 2006 there were around 1,600 employees working in Germany and abroad. The business volume in 2006 was 84.7 billion euros .
LRP operated as a commercial bank with a focus on corporate banking and specialized in medium-sized customers. In addition to the lending business , the bank acted as an investment bank . Further services were offered from the takeover in 2005 in association with the parent company LBBW. LRP thus complemented the offerings of the Rhineland-Palatinate savings banks in numerous business areas .
Another focus of the company was the investment business. As an issuing institution, it issued its own Pfandbriefe and other bonds, increasingly on the international capital markets. In addition, banks, insurance companies and other institutional investors invested their money as short and long-term deposits with LRP.
LTH state trust agency Rhineland-Palatinate
As part of its credit management tasks as a state and municipal bank, LRP supported the state of Rhineland-Palatinate and the municipalities and, as a trustee, took on the banking management, particularly in the case of housing subsidies. This task was initially transferred to LBBW on July 1, 2008.
The Landestreuhandstelle Rheinland-Pfalz (LTH) in Mainz was legally dependent as a department of LRP Landesbank Rheinland-Pfalz, but economically independent. She was entrusted with the task of implementing the funding programs in the field of housing and urban development. On January 1, 2009, LTH was transferred to a newly founded independent bank, the Landestreuhandbank Rheinland-Pfalz .
organization
The organs of the LRP were the Board of Owners, the Administrative Board and the Board of Directors.
CEO
- Wilhelm Steinlein (July 1, 1958 to December 31, 1969)
- Paul Skonieczny (January 1, 1970 to December 31, 1976)
- Erwin Sinnwell (January 1, 1977 to June 30, 1984)
- Paul Wieandt (July 1, 1984 to February 28, 1990)
- Klaus G. Adam (March 1, 1990 to December 31, 2004)
- Friedhelm Plogmann (January 1, 2005 to June 30, 2008)
Group of companies
In Luxembourg , LRP was represented in addition to its own branch through its 100% subsidiary LRI Landesbank Rheinland-Pfalz International SA. Since July 1, 2008, LRI has been a 100% subsidiary of Landesbank Baden-Württemberg. Since September 1, 2008 it has been trading as LBBW Luxemburg SA
As of June 30, 2008, the Landesbank Rheinland-Pfalz group consisted of:
- LRI Landesbank Rheinland-Pfalz International SA, Luxembourg
- LRP Capital GmbH
- LTH state trust agency Rhineland-Palatinate
- DMI Deutsche Mittelstandsinformatik GmbH
Individual evidence
- ^ Homepage of the Rheinland-Pfalz Bank
- ↑ Article “The business model is decisive”, Allgemeine Zeitung of June 27, 2008
Web links
- Rhineland-Palatinate Bank
- LTH Landestreuhandbank Rhineland-Palatinate
- LRI Landesbank Rheinland-Pfalz International SA, Luxembourg
- LRP Capital GmbH
- Place in front of the Landesbank after banker Dr. Günter Storch named in the Rhein Main Presse on February 2, 2008
Coordinates: 50 ° 0 ′ 10.7 ″ N , 8 ° 16 ′ 7.2 ″ E