A4 für Copyshop GB.indd - Bayerische Landesbank
A4 für Copyshop GB.indd - Bayerische Landesbank
A4 für Copyshop GB.indd - Bayerische Landesbank
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
70 BayernLB – our company<br />
LB(Swiss) Privatbank AG, Zurich<br />
LB(Swiss) Privatbank AG concentrates primarily on international private banking. It is<br />
held jointly by BayernLB and <strong>Landesbank</strong> Hessen-Thüringen (Helaba), who own 50 per-<br />
cent of its capital each. Its core business activities are asset management, investment<br />
consulting and funds. Furthermore, it offers credit business services.<br />
The bank’s prime objective is to offer HNW private customers of the Sparkassen-Finanz-<br />
verbund an attractive range of private banking services, operating from a Swiss base.<br />
This is intended to reinforce the market position of the savings banks in the highly com-<br />
petitive segment of HNW private customers.<br />
Cooperation with BayernLB in the area of securities was further enhanced, particularly<br />
in the sale of structured products.<br />
Over the last year, further reduction of proprietary trading activities led to a slight drop<br />
in total assets. LB(Swiss) Privatbank AG’s key earnings ratios are roughly the same as<br />
the previous year’s figures.<br />
LB(Swiss) Privatbank AG pursues a conservative risk policy. Credit, currency and market<br />
price risks are measured in good time, and controlled within fixed parameters.<br />
Due to the general economic situation, LB(Swiss) Privatbank AG expects the 2005 result<br />
to be similar to that of the previous year, if there are no extraordinary influences there-<br />
upon.
Change language