Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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State government deputy representatives Dr. Karl Epple Undersecretary at the Ministry of Economic Affairs (to Nov. 30, 2003) Hermann Strampfer Assistant Undersecretary and Head of Dept. I at the Ministry of State Frank Zach Head of the Trade and Industry Department of the Baden-Württemberg Chapter of DGB Prof. Konrad Freiherr von Rotberg Assistant Undersecretary and Head of the Department of Constitutional, Municipal, Savings Bank and Legal Affairs at the Ministry of the Interior Dr. Horst Mehrländer State Secretary at the Ministry of Economic Affairs (from Dec. 1, 2003) Julian Würtenberger Assistant Undersecretary and Head of Dept. II at the Ministry of State (to Nov. 30, 2003) Georg Mehl Senator (retd.) Wüstenrot & Württembergische AG (to Nov. 30, 2003) Klaus Röscheisen Assistant Undersecretary and Head of the Administration Department at the Ministry of the Environment, Transport and Communications Wolfgang Rückert MdL State Secretary at the Ministry of Finance Dr. Rudolf Kühner Assistant Undersecretary and Head of Dept. III at the Ministry of State (from Dec. 1, 2003) Dr. Jürgen Schütz Vice President of the Baden- Württemberg Association of District Councils (from Dec. 1, 2003) Christian Luft Assistant Secretary and Head of the Central Office at the Ministry of Social Affairs Roland Eckert Undersecretary at the Ministry of the Interior (to Jan. 31, 2003) Deputy representatives: Joachim Wohlfeil President of the Karlsruhe Chamber of Craftsmen Karl-Heinz Reinheimer Honorary Chairman of the Bundesverband Freier Wohnungsunternehmen e.V., Sindelfingen (to Nov. 30, 2003) Bernhard Gieß Assistant Secretary and Head of the State Budget, Real Estate and Investments Section of the Ministry of State (to March 23, 2003) Max Munding Undersecretary at the Ministry of the Interior (from Feb. 1, 2003 to Nov. 30, 2003) Dr. Ing. Hansjörg Rieger Managing Partner of RUD- Kettenfabrik Rieger & Dietz, Aalen Andreas Schmitz General Partner of HSBC Trinkaus & Burkhardt KGaA, Düsseldorf (from Dec. 1, 2003) Reiner Moser Assistant Secretary and Head of the Budget and Fiscal Policy, Tax Appraisal, Real Estate and Investments Section of the Ministry of State (from March 24, 2003) Heribert Rech MdL State Secretary at the Ministry of the Interior (from Dec. 1, 2003) Egon Gushurst Certified Public Accountant and Honorary President of Badischer Genossenschaftsverband Raiffeisen-Schulze-Delitzsch e.V., Karlsruhe (to Nov. 30, 2003) Wilhelm Freiherr von Haller Member of the Board of Management Deutsche Bank AG Norbert Schmitt Assistant Secretary and Head of the State Investment and Banking Section at the Ministry of Finance Rainer Arnold Undersecretary at the Ministry for Food and Rural Planning Gerhard Roßwog Spokesman for the Board of Management of Badischer Genossenschaftsverband Raiffeisen-Schulze-Delitzsch e.V., Karlsruhe (from Dec. 1, 2003) Prof. Dr. Willi Weiblen Assistant Undersecretary and Head of the Department of Economic and Structural Policy at the Ministry of Economic Affairs Stefan Mappus MdL State Secretary at the Ministry of the Environment, Transport and Communications Walter Leibold Assistant Undersecretary and Head of the Department of Financial Policy and Investments at the Ministry of Finance Bernhard Bauer Undersecretary at the Ministry of Social Affairs F-44
Proposal of the Board of Management for the appropriation of retained profits EUR 103.0 million of the net profit for the financial year 2003 has already been appropriated to retained profit and reserves. Of the remaining distributable profit totaling EUR 2,399,563.42, the Board of Management proposes that EUR 2,000,000 should be appropriated to retained profit and reserves, and that the remaining EUR 399,563.42 should be carried forward to next year’s account. Karlsruhe, March 16, 2004 Landeskreditbank Baden-Württemberg – Förderbank Christian Brand Jürgen Hägele Dr. Manfred Schmitz F-45
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INTERNATIONAL PROSPECTUS SUPPLEMENT
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ISSUER Landeskreditbank Baden-Würt
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TABLE OF CONTENTS Use of Proceeds .
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EXCHANGE RATE INFORMATION The follo
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Maturity, Repurchase Maturity. The
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the rules of such stock exchange pe
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THE CLEARING SYSTEMS DTC DTC is a l
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Cross-market transfers between pers
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For the purposes of this provision,
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These activities by the managers or
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You should rely only on the informa
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PROSPECTUS SUMMARY The following su
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APPLICATION OF PROCEEDS As may be m
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(4) Loans to customers (i.e., non-c
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transferred to independent subsidia
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Our housing-related activities are
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(1) Holdings in companies for strat
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Loan Portfolio Risks We maintain a
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securities portfolio. In accordance
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The following table shows our borro
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authorized limits. A daily risk and
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MANAGEMENT INFORMATION Introduction
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credit institutions increased by 10
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To control the risks of unhedged po
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RECENT DEVELOPMENTS Development of
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MANAGEMENT Board of Management Our
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Wirtsch.-Ing. Bernd Bechtold Presid
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REGULATION AND SUPERVISION OF L-BAN
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non-banking corporations if the use
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Covering Market Risk Positions Mark
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ank, and the aggregate nominal valu
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may at any time change the reserve
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The Entschädigungseinrichtung GmbH
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ECONOMY General Germany The economy
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Industrial Structure General Positi
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The following table shows the amoun
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The Euro-zone follows a mutual mone
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Revenue Equalization While the Germ
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For more detailed information regar
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Outstanding Principal Maturity Amou
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DESCRIPTION OF THE DEBT SECURITIES
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(iv) a waiver by the holders of the
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CURRENCY CONVERSION RATES The follo
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TAXATION UNITED STATES FEDERAL INCO
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number of complete years to maturit
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will equal such U.S. Holder’s ini
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using the constant yield method des
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We have included the federal income
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Capital gains resulting from the di
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SUMMARY OF CERTAIN DIFFERENCES BETW
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The credit risk of the loan and sec
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Under U.S. GAAP, repurchased debt s
Page 106 and 107: LIMITATIONS ON ACTIONS AGAINST THE
Page 108 and 109: GLOSSARY This glossary describes ce
Page 110 and 111: Administrative loans, which are loa
Page 112 and 113: Depreciation and accumulated amorti
Page 114 and 115: Landeskreditbank Baden-Württemberg
Page 116 and 117: Balance sheet as at December 31, 20
Page 118 and 119: Statement of income for the period
Page 120 and 121: Notes to the annual financial state
Page 132 and 133: Authorities of Landeskreditbank Bad
Page 134 and 135: Proposal of the Board of Management
Page 136 and 137: FINANCIAL STATEMENTS OF L-BANK AS O
Page 140 and 141: Landeskreditbank Baden - Württembe
Page 154 and 155: Directorships held by members of th
Page 158 and 159: Independent Auditors’ opinion We
Page 178 and 179: Directorships held by members of th
Page 180 and 181: Authorities of Landeskreditbank Bad
Page 182 and 183: Proposal of the Board of Management
Page 184 and 185: Debt of L-Bank at December 31, 2004
Page 186: Debt Securities
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Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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