A4 für Copyshop GB.indd - Bayerische Landesbank

More documents

Recommendations

Info

8 Board of Management and executive bodies Werner Schmidt born in 1943, Chairman of the Board of Management since 2001, Support Operations Corporate Center (worldwide), Corporate Services (worldwide) Foreword by the Board of Management Ladies and Gentlemen, Dear Friends, The year 2004 was a period of change and preparation for BayernLB. On 18 July 2005, the guarantee mechanisms are set to change for all of the landesbanks. Over the last year, BayernLB has consistently pushed on with the implementation of its new business model, and is thus prepared for the coming challenges. We, the Board of Manage- ment, would like to thank the staff of BayernLB for their exceptional motivation and willingness to face change. The successful realignment of the Bank is essentially thanks to them. To our customers, we would like to express our gratitude for their many years of trust in BayernLB. We are also grateful to our owners for their sustained support. Together, we can face the future with confidence. Our new marketing image is a visual expression of change. The new trademark repre- sents our values, and the link between tradition and the present day. The diamond motif is a clear reference to our Bavarian roots. The arrow communicates the dynamic and modern nature of Bavarian thinking. It points to our brand name, which follows the arrow, and acts as the ambassador of this message. The satisfying annual result posted in 2004 is a reflection of change. Group operating profit before risk provisions was EUR 1.532 billion, thus matching the previous year’s level. Particularly pleasing is the improvement of operating profit by 73.7 percent from
Dr. Rudolf Hanisch born in 1946, Deputy of the Chairman, Member of the Board of Management since 2000, Business Areas Financial Institutions & Sovereigns (worldwide), Real Estate (worldwide), <strong>Bayerische</strong> Landesbodenkreditanstalt EUR 547 million to EUR 950 million. The consistent streamlining of the credit and par- ticipations portfolios in recent years has clearly borne fruit. During 2004 as well, the credit portfolio continued to be purged of risk clusters and concentration risks, within reasonable legal and economic bounds. Our strategic realignment, increasing volumes of new business with our customers and cooperative market development with the savings banks are already reflected to a degree in our 2004 annual accounts. In the future, the EU state aid proceedings regarding housing construction funds will no longer affect our annual results. On 20 October 2004, the European Commission reached a decision in respect of the interest accrued on the housing construction funds transferred by the Free State of Bavaria to BayernLB. Pursuant to this decision, BayernLB was to pay an absolute restitution claim of EUR 320 million. This amount was charged as an extraordinary expense in the 2004 annual accounts and provisioned for. We have continued in our strategic development of BayernLB as a wholesale bank that focuses on certain core regions and collaborates closely with the Bavarian savings banks and partners of the Sparkassen-Finanzgruppe. Market development activities are supplemented by subsidiaries with strategic significance for the BayernLB Group, namely DKB, SaarLB, MKB, LBLux and LBSwiss. These companies are entrusted with a considerable share of the Group’s retail activities. Building on our core competences, we aim to grow in our target markets: primarily Bavaria and its bordering regions. The credit portfolio is consistently oriented toward profit and risk aspects. We intend to make greater efforts to convey our brand values, namely Bavarian élan, confidence and proximity, to our customers. Board of Management and executive bodies Theo Harnischmacher born in 1946, Deputy of the Chairman, Member of the Board of Management since 2002, Business Areas Savings Banks and Bavarian Market, LBS Bayern 9
Page 1 and 2: Annual Report and Accounts 2004
Page 3 and 4: LBS Bayern Corporates Business Area
Page 5 and 6: Clear figures. Clear objectives. Th
Page 7: Foreword by the Board of Management
Page 11: 1 Board of Management and executive
Page 15 and 16: In transforming its business model,
Page 17 and 18: Sparkassen-Finanzgruppe Bayern Baye
Page 19 and 20: Financial Statements Audit Committe
Page 21 and 22: Norbert Kastner Lord Mayor of the C
Page 25 and 26: 2 Economic situation
Page 27 and 28: (Hartz IV) contributed to an overal
Page 30: An open mind. Clarity. Inspiration.
Page 34 and 35: 30 BayernLB - our company } BayernL
Page 36 and 37: 32 BayernLB - our company } Restruc
Page 38 and 39: 34 BayernLB - our company } Cross-b
Page 40 and 41: 36 BayernLB - our company } Lead ar
Page 42 and 43: 38 BayernLB - our company } Coopera
Page 44 and 45: 40 BayernLB - our company Real Esta
Page 46 and 47: 42 BayernLB - our company Activitie
Page 50 and 51: 46 BayernLB - our company New issue
Page 52 and 53: 48 BayernLB - our company and the U
Page 54 and 55: 50 BayernLB - our company Savings B
Page 58 and 59: 54 BayernLB - our company } LBS Bay
Page 60 and 61: 56 BayernLB - our company } Moderni
Page 62 and 63:
58 BayernLB - our company Group ret
Page 64 and 65:
60 BayernLB - our company In 2004,
Page 66 and 67:
62 BayernLB - our company Support o
Page 68 and 69:
64 BayernLB - our company Landesban
Page 70 and 71:
66 BayernLB - our company Magyar K
Page 72 and 73:
68 BayernLB - our company Banque LB
Page 74 and 75:
70 BayernLB - our company LB(Swiss)
Page 76 and 77:
72 BayernLB - our company Corporate
Page 78 and 79:
74 BayernLB - our company } Shared
Page 80 and 81:
76 BayernLB - our company } Target
Page 82 and 83:
78 BayernLB - our company Our staff
Page 84 and 85:
80 BayernLB - our company Fostering
Page 86 and 87:
82 BayernLB - our company Public se
Page 88 and 89:
84 BayernLB - our company DKB and S
Page 90 and 91:
A product is only as good as the to
Page 93 and 94:
4 Report on the Bank and the Group
Page 95 and 96:
position and serves as a bridgehead
Page 97 and 98:
Management report Assets, liabiliti
Page 99 and 100:
Funding EUR billion Due to banks -
Page 101 and 102:
EUR million 1.1. - 31.12.2004 Bayer
Page 103 and 104:
Group operating expenses were down
Page 105 and 106:
In the 2004 financial year, the ope
Page 107 and 108:
Outlook The forecasts relating to t
Page 109 and 110:
Strategy / rating Upon withdrawal o
Page 111 and 112:
BayernLB’s subsidiaries (Hungaria
Page 113 and 114:
Gross exposure by Group entity [%]
Page 115 and 116:
Investment risk Similarly to counte
Page 117 and 118:
Net exposure of the Group by countr
Page 119 and 120:
Market price risk Market risk compr
Page 121 and 122:
Operational risk BayernLB defines o
Page 123:
119
Page 127 and 128:
5 Report by the Board of Administra
Page 129 and 130:
Report by the Board of Administrati
Page 131 and 132:
Page 133 and 134:
Liabilities 1. Due to banks a) Paya
Page 135 and 136:
Liabilities Report by the Board of
Page 137 and 138:
Page 139 and 140:
Liabilities 1. Due to banks a) Paya
Page 141 and 142:
Liabilities Report by the Board of
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185:
Complex enterprises demand reliabil
Page 188 and 189:
184 Advisory Boards and addresses T
Page 190 and 191:
186 Advisory Boards and addresses D
Page 192 and 193:
188 Advisory Boards and addresses B
Page 194:
190 Advisory Boards and addresses S
Page 198:
Bayerische Landesbank Brienner Stra
show all

A4 für Copyshop GB.indd - Bayerische Landesbank

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?