A4 für Copyshop GB.indd - Bayerische Landesbank

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68 BayernLB – our company Banque LB Lux S.A., Luxembourg Banque LBLux S.A. is a European bank with an international focus. It is held jointly by BayernLB (75 percent minus one share) and Helaba (25 percent plus one share). The bank concentrates on corporate banking in the Benelux region and international private banking. These areas are supported by the Trading / Treasury Division, which actively conducts proprietary trading. The bank is also an IT service provider serving, amongst other customers, a number of entities of the BayernLB Group. In corporate banking, the target customers are listed companies, large local companies with a minimum sales volume of EUR 250 million, as well as real estate customers, institutions and financial service providers in the Benelux region. Banque LBLux S.A. offers its customers tailored financing and trading products, supplementing this range with various products from its parent companies. In the 2004 financial year, the credit volume in Benelux business increased slightly. The key focal points of the period under review were reinforced acquisition activities in the Benelux region and the implemen- tation of the Minimum Requirements for the Credit Business of Credit Institutions (MaK). At the moment, the spotlight is on selective expansion of bilateral credit business, as well as cross-selling activities. In private banking, Banque LBLux S.A. actively advises and serves high net worth customers. It focuses on international customers in the medium to high net worth seg- ment. The bank places a key emphasis on the individuality and quality of its services, which are tailored to each particular customer profile. It offers products in the areas of investment consulting, portfolio management and financing / provisioning solu- tions. In 2004, the main priorities were expansion of the range of products and services, increasing the quality of service provided, and acquisition of new partners. To this end, extensive training measures were taken in the area of financial planning. Further- more, acquisition activities were increased, initiatives aimed at informing customers were intensified, the range of languages offered was enhanced and Internet content was completely reworked. In 2005, key focuses will include expansion of sales channels and activities with a view to enhancing service quality even further. This, in turn, is aimed at promoting customer loyalty as well as cultivating the acquisition of new customers. At Banque LBLux, risk control and monitoring is incorporated into the system em- ployed by both of its parent companies. Locally, it is carried out on the basis of fully coordinated, uniform procedures and methods.
Banque LB Lux S.A., Luxembourg Core business activities International financing / corporate customer business (with Group responsibility for the Benelux countries), trading / treasury, private banking and IT hub function for foreign entities of the BayernLB Group. Size of participation BayernLB 75 percent minus one share Helaba 25 percent plus one share Total assets EUR 12.649 billion Equity EUR 470.6 million Number of employees 191 Operating profit before and after risk provisions Net income for the year and profit available for distribution Number of customers (private banking) 31. 12. 2004 Assets under management (private banking) 31. 12. 2004 EUR 34.1 million EUR 37.8 million EUR 30.0 million, EUR 0 (due to advance dividend on 29. 12. 2004) 9,752 EUR 4.7 billion Key ratios* • Cost-income ratio 35.5 percent • Return on equity 11.7 percent Strategic objectives for the participation in 2005 – 2006 * Applies to the operating profit as adjusted for special factors LBLux is pursuing a strategy of individual support, tailored to each customer profile: • in private banking, active and systematic targetcustomer oriented support • in corporate banking, focus on listed companies and large local companies in the Benelux region; relationship management • in trading, short-term markets / products requiring high levels of trading expertise; credit trading BayernLB – our company 69
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Annual Report and Accounts 2004
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LBS Bayern Corporates Business Area
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Clear figures. Clear objectives. Th
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Foreword by the Board of Management
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1 Board of Management and executive
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Dr. Rudolf Hanisch born in 1946, De
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In transforming its business model,
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Sparkassen-Finanzgruppe Bayern Baye
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Financial Statements Audit Committe
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Liabilities Report by the Board of
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Liabilities 1. Due to banks a) Paya
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Complex enterprises demand reliabil
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Bayerische Landesbank Brienner Stra
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