A4 für Copyshop GB.indd - Bayerische Landesbank

146 Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts
Note on delimitation of segments in accordance with DRS 3.25
(German Accounting Standards)
The Corporates segment serves large SME corporate customers in Germany as well as
multinationals in Germany and in the Bank’s core markets of Europe, North America
and Asia.
The Real Estate segment comprises BayernLB’s commercial and residential real estate
customers at both national and international levels.
The Global Markets segment bundles all trading and issuing activities as well as the
BayernLB Treasury.
The Financial Institutions & Sovereigns segment encompasses worldwide business rela-
tions with banks, insurance companies and other institutional customers, as well as
government and non-Bavarian municipal customers.
The Savings Banks, Bavarian Municipals / Corporates segment, acting as an interface,
comprises all of BayernLB’s activities in supporting the Bavarian savings banks as well
as Bavarian municipal and corporate customers.
The Labo / LBS segment is made up of BayernLB’s legally dependent institutions,
Bayerische Landesbodenkreditanstalt (Labo) and Bayerische Landesbausparkasse (LBS).
The segment Subsidiaries strategic to the Group encompasses all consolidated subsidi-
aries of the BayernLB Group, including the capital investment company Bayern-Invest.
The business activities of the Bank’s subsidiaries are focused on universal banking busi-
ness, including retail / private banking and investment consulting.
The Other / Consolidation segment comprises, in addition to consolidation effects, the
profit contributions of our Corporate Center, Risk Office and Corporate Services Sup-
port Operations, which are not allocated to the business areas according to the causa-
tion principle. Primarily concerned here are the results of participations allocated to
the support operations, as well as expenditure on the management of these participa-
tions. This segment also includes cross-divisional transactions whose contribution to
the overall profit is allocable to neither business areas nor support operations.