Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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Landeskreditbank Baden-Württemberg – Förderbank – Balance sheet as of December 31, 2002 Assets Dec. 31, 2002 Dec. 31, 2001 EUR EUR EUR EUR 1. Cash reserve a) Cash on hand .............. 35,219.32 34,509.31 b) Cash at central banks thereof: at Federal Central Bank EUR 246,001,697.70 (335,645,325.62) ............ 246,001,697.70 335,645,325.62 c) Cash in postal giro accounts . . . –.– –.– 246,036,917.02 335,679,834.93 2. Receivables from credit institutions a) Payable on demand .......... 67,679,885.74 63,689,244.49 b) Other receivables ........... 10,494,519,446.74 9,710,543,892.79 10,562,199,332.48 9,774,233,137.28 3. Receivables from customers thereof: mortgage loans EUR 19,846,929,401.53 (19,967,862,497.92) loans to public authorities and entities organized under public law EUR 1,574,644,829.13 (1,490,664,208.07) .............. 23,258,188,570.40 23,287,140,379.02 4. Notes and other fixed-interest securities a) Money market securities aa) Due from public-sector issuers thereof: eligible as collateral at Federal Central Bank EUR –.– (–.–) ................. 0.00 0.00 ab) Due from other issuers thereof: eligible as collateral at Federal Central Bank EUR –.– (–.–) ......... 0.00 0.00 0.00 0.00 b) Bonds and notes ba) Due from public-sector issuers thereof: eligible as collateral at Federal Central Bank EUR 1,618,044,726.23 (1,385,845,636.43) ..... 1,804,824,339.36 1,586,528,000.59 bb) Due from other issuers thereof: eligible as collateral at Federal Central Bank EUR 4,764,364,662.78 (4,745,949,371.52) ..... 6,264,559,928.09 5,734,742,009.58 8,069,384,267.45 7,321,270,010.17 c) Bank’s own notes Principal amount: EUR 198,787,248.89 (1,311,469,555.12) .......... 207,469,685.79 1,363,487,926.63 8,276,853,953.24 8,684,757,936.80 Carried forward: ................ 42,343,278,773.14 42,081,811,288.03 F-48
Equity and Liabilities Dec. 31, 2002 Dec. 31, 2001 EUR EUR EUR EUR 1. Liabilities to credit institutions a) Payable on demand .......... 192,408,782.68 257,468,529.10 b) With an agreed maturity or notice period ............... 19,536,796,366.75 21,371,955,624.79 19,729,205,149.43 21,629,424,153.89 2. Liabilities to customers a) Savings deposits aa) With an agreed notice period of three months . . –.– –.– ab) With an agreed notice period exceeding three months .............. –.– –.– –.– b) Other liabilities Ba) Payable on demand ..... 115,740,022.12 82,302,965.30 bb) With an agreed maturity or notice period ........ 3,880,373,942.62 4,067,716,506.49 3,996,113,964.74 3,996,113,964.74 4,150,019,471.79 3. Certificated liabilities a) Notes and bonds issued ....... 14,582,209,402.22 12,517,035,139.85 b) Other certificated liabilities Thereof: money market securities EUR –.– (–.–) own acceptances and promissory notes outstanding EUR –.– (–.–) .............. –.– –.– 14,582,209,402.22 12,517,035,139.85 4. Fiduciary liabilities thereof: fiduciary loans EUR 665,947,340.82 (815,682,804.85) . . 666,549,301.80 816,284,765.82 5. Other liabilities ................ 593,926,755.76 80,508,648.58 6. Deferred items ................. 1,087,576,610.33 1,308,442,177.07 7. Contingency reserves a) Reserves for pensions and similar obligations .......... 80,509,012.00 74,551,058.90 b) Reserves for taxes ........... 15,437,306.66 14,099,306.66 c) Other reserves .............. 721,532,963.27 778,399,144.47 817,479,281.93 867,049,510.03 8. Subordinated liabilities ......... 444,760,064.00 442,166,011.68 Carried forward: .................... 41,917,820,530.21 41,810,929,878.71 F-49
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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
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LIMITATIONS ON ACTIONS AGAINST THE
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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 156 and 157: State government deputy representat
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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