A4 für Copyshop GB.indd - Bayerische Landesbank

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10 Board of Management and executive bodies Stefan W. Ropers born in 1955, Member of the Board of Management since 2002, Business Area Corporates (worldwide) In 2004, we continued to expand our cooperative market development with the Bavarian savings banks. Ninety-four percent of the savings banks have signed individual agree- ments as a framework for closer collaboration with BayernLB. In the context of the newly drawn-up strategy for Eastern Europe, we as a Group are exploiting the opportunities offered by the growth markets of Central and Eastern Europe. We support the savings banks by offering superior processing competences, and can boast a network of local cooperative partners in the core markets. We are continuing to develop this network. We have consistently pursued our aim of realigning the participations portfolio, by dis- posing of our 46.4 percent participation in the Bank für Arbeit und Wirtschaft (BAWAG) and 10 percent participation in the Südtiroler Sparkasse. We also sold the Austrian travel agency chain Ruefa. In order to fund our planned growth, as well as securing our A + target rating, we intend to carry out a nominal capital increase in two tranches (2005 and 2006). The total volume of the transaction will be EUR 640 million. The Free State of Bavaria and the Association of Bavarian Savings Banks (SVB) will contribute 50 percent each. The planned capital increase is a clear demonstration of the owners’ loyalty to the Bank. As another major factor supporting the Bank’s competitiveness, dated capital contributions held by the Bank’s owners are to be converted to undated ones without accompanying calling rights. Moreover, the Bavarian savings banks and BayernLB are planning to set up a regional guarantee fund. This fund will be an integral element of the close cooperation between the two partners. Dr. Ralph Schmidt born in 1962, Senior Executive Vice President, entrusted with Board of Management tasks since 2002, Support Operations Corporates Services (worldwide) since 2004 Dieter Burgmer born in 1960, Member of the Board of Management since 2001, Business Area Global Markets (worldwide)
In transforming its business model, BayernLB is right on track for being awarded the A + target rating by all major rating agencies once the guarantee mechanisms have ceased to apply. We will continue to focus on the market – together with the Bavarian savings banks – and to implement our new strategy in a consistent manner. We are confident that, together with our staff and owners, we can achieve our goals. Sincerely, Bayerische Landesbank (BayernLB) Board of Management Werner Schmidt Chairman of the Board of Management Dieter Burgmer Dr. Gerhard Gribkowsky Dr. Rudolf Hanisch Deputy of the Chairman Stefan W. Ropers Dr. Ralph Schmidt Senior Executive Vice President, entrusted with Board of Management tasks Board of Management and executive bodies Dr. Gerhard Gribkowsky born in 1958, Member of the Board of Management since 2003, Support Operations Risk Office (worldwide) Theo Harnischmacher Deputy of the Chairman 11
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 and 12: 1 Board of Management and executive
Page 13: Dr. Rudolf Hanisch born in 1946, De
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Page 19 and 20: Financial Statements Audit Committe
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Page 25 and 26: 2 Economic situation
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Page 30: An open mind. Clarity. Inspiration.
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A product is only as good as the to
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4 Report on the Bank and the Group
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position and serves as a bridgehead
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Management report Assets, liabiliti
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Funding EUR billion Due to banks -
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EUR million 1.1. - 31.12.2004 Bayer
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Group operating expenses were down
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In the 2004 financial year, the ope
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Outlook The forecasts relating to t
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Strategy / rating Upon withdrawal o
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BayernLB’s subsidiaries (Hungaria
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Gross exposure by Group entity [%]
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Investment risk Similarly to counte
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Net exposure of the Group by countr
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Market price risk Market risk compr
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Operational risk BayernLB defines o
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Report by the Board of Administrati
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Liabilities 1. Due to banks a) Paya
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Liabilities Report by the Board of
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Complex enterprises demand reliabil
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Bayerische Landesbank Brienner Stra
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A4 für Copyshop GB.indd - Bayerische Landesbank

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