A4 für Copyshop GB.indd - Bayerische Landesbank

12 Board of Management and executive bodies
Profile
BayernLB was founded in 1972 with the merger of Landesbodenkreditanstalt and
Bayerische Gemeindebank. It is one of the largest banks in Germany and has the
legal status “corporation established under public law”. BayernLB is (indirectly) owned
by the Free State of Bavaria and the Association of Bavarian Savings Banks, each with
a 50 percent stake. This follows the transfer in 2002 of their shares in BayernLB to
BayernLB Holding AG, in exchange for which the Free State of Bavaria and the Associa-
tion of Bavarian Savings Banks each took a 50 percent holding in BayernLB Holding AG.
BayernLB Holding AG is entrusted with the duties of the sole shareholder of BayernLB
and is not a bank itself (see diagram of the holding structure). BayernLB is subject to
legal supervision by the Bavarian State Ministries of Finance and the Interior as well as
financial supervision by the German Financial Supervisory Authority (BaFin) and the
Deutsche Bundesbank.
BayernLB is the central bank to the Bavarian savings banks and an important member
of the Sparkassen-Finanzgruppe Bayern. It is a service provider for the partner insti-
tutes of the Sparkassen-Finanzgruppe, acting as their network bank and enabling
them, with its support and product policies, to exploit existing market potential in
the Bavarian market together with the savings banks. In addition, BayernLB functions
as a principal bank to the Free State of Bavaria and actively supports national and
local governments, financial institutions, medium and large companies and real estate
customers. BayernLB is one of the leading issuers of bonds in Germany. Bayerische
Landesbodenkreditanstalt (Labo) and Bayerische Landesbausparkasse (LBS), both
legally dependent institutions, are integral parts of the Bank. BayernLB is a financial
service provider with a presence in selected global financial centres. It focuses on the
core market of Bavaria and the neighbouring regions.
Expansion of the Savings Bank Central Bank function, and with it the further intensifi-
cation of joint marketing activities with the Bavarian savings banks, is an important
pillar of BayernLB’s business model. For this purpose a number of agreements were
signed by the individual savings banks and BayernLB which will increase their eco-
nomic efficiency by providing for jointly-developed solutions while strengthening
the market position of the Sparkassen-Finanzgruppe Bayern.