A4 für Copyshop GB.indd - Bayerische Landesbank

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72 BayernLB – our company Corporate governance While BayernLB is an unlisted, public-sector company, it nonetheless places great importance on effective and responsible corporate management and control. In November 2003, the bodies of BayernLB approved its own Corporate Governance Prin- ciples, which came into effect on 1 January 2004. The Corporate Governance Principles are largely based on the provisions of the German Corporate Governance Code drawn up by the federal government’s dedicated commission. They comprise those regula- tions governing corporate management and control which apply to BayernLB pursuant to binding or self-imposed stipulations. The bodies of BayernLB adhere to these principles in fulfilling their mandates, thus ensuring that the Bank is managed and controlled in a responsible manner that is geared towards value creation. The Board of Management, Board of Administration and General Meeting have established that there is nothing to indicate that the Bank did not comply with the Corporate Governance Principles during the 2004 financial year. BayernLB interprets Corporate Governance as a continuous process. For this reason, the Corporate Governance Principles are constantly checked and, if necessary, adjusted in line with fresh experiences and new legal requirements, and in harmony with the evolution of national and international standards. In this way, the further development of Corporate Governance is safeguarded.
Corporate Services The Corporate Services Support Operations are BayernLB’s central unit responsible for all internal services worldwide. It comprises the Financial Market Services, Interna- tional Corporate Services, and Corporate Organisation & IT Divisions, as well as the Shared Services Division. Corporate Services uses its expertise and resources to offer a wide range of service and support functions to BayernLB’s business areas and other support operations. Financial Market Services The Financial Market Services Division performs traditional transaction banking services for the sales business areas and support operations. These tasks are allocated to the trading, account, securities and payment transactions product segments. Securities services are carried out in close cooperation with the subsidiary TxB Transaktionsbank GmbH, which has carved out a position for itself in the transaction banking market since mid-2002. Collaboration with the Bavarian savings banks was further reinforced in 2004 with the consolidation of the previously separate clearing operations of Infor- matik-Zentrum Bayern — Software Gesellschaft der bayerischen Sparkassen GmbH & Co. KG (IZB SOFT) and BayernLB. BayernLB is now the clearing bank for the Bavarian Sparkassen-Finanzgruppe. In 2004, trading and securities transaction volumes remained stable in comparison to 2003. In payment transactions, volumes continued to rise due to the additional clearing volumes taken over from IZB SOFT. More than 1.3 billion transactions were thus processed in 2004 in tandem with the Bavarian savings banks. In e-banking, the Internet-based solutions BayernLB e:Web and BayernLB Online:Bank- ing were developed further. BayernLB e:Web offers flexible electronic banking with multiple bank compatibility for rapid data transfer over the Internet. BayernLB Online: Banking, on the other hand, allows customers to carry out global cash and securities transactions online 24 hours a day, with direct access to their accounts. Credit card business, an integral part of the Corporate Services Division since the end of 2004, and BayernLB’s private customer business, were transferred to the business area “Savings Banks and Bavarian Market” at the beginning of 2005. This move empha- sises the importance of close cooperation with the savings banks for BayernLB. Credit card business In 2004, the Bank further reinforced its strong position in the credit card business. As part of its co-branding business, BayernLB issues jointly-designed card products under its partners’ brands. The BayernCard-Services GmbH subsidiary is the product manager. In 2004, successful product changes were made to the most important card pro- grammes. For the Corporate Card, for example, online settlement facilities, improved insurance packages, and frequent flyer miles and transferral of travel expenses were introduced. Such newly designed product features enhance the attractiveness and prof- itability of these credit cards. In 2004, the average number of credit cards issued rose BayernLB – our company 73 } BayernLB reinforces clearing function for Bavarian Sparkassen-Finanzgruppe
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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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Norbert Kastner Lord Mayor of the C
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Page 60 and 61: 56 BayernLB - our company } Moderni
Page 62 and 63: 58 BayernLB - our company Group ret
Page 64 and 65: 60 BayernLB - our company In 2004,
Page 66 and 67: 62 BayernLB - our company Support o
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Page 74 and 75: 70 BayernLB - our company LB(Swiss)
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Page 80 and 81: 76 BayernLB - our company } Target
Page 82 and 83: 78 BayernLB - our company Our staff
Page 84 and 85: 80 BayernLB - our company Fostering
Page 86 and 87: 82 BayernLB - our company Public se
Page 88 and 89: 84 BayernLB - our company DKB and S
Page 90 and 91: A product is only as good as the to
Page 93 and 94: 4 Report on the Bank and the Group
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5 Report by the Board of Administra
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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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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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184 Advisory Boards and addresses T
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186 Advisory Boards and addresses D
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188 Advisory Boards and addresses B
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190 Advisory Boards and addresses S
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Bayerische Landesbank Brienner Stra
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