A4 für Copyshop GB.indd - Bayerische Landesbank

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76 BayernLB – our company } Target portfolio defined as part of credit risk strategy Risk Office The Risk Office bundles together activities for the analysis of single borrowers, credit administration, management of loans in need of restructuring, risk management and risk controlling. It is divided up as follows. The Corporates / Financial Institutions Division and the Real Estate / Structured Financing Division are responsible for analysis. The systematic sec- tor-oriented approach employed in these divisions has proved successful. The main tasks of the Credit & Collateral Services Division comprise the drafting of agreements, uniform monitoring of risk-relevant credit business as well as transaction- and service- oriented portfolio management. In Credit Consulting, the chief feature is a greater focus on workouts. The Risk Controlling & Procedures Division is entrusted with the design, implementation and monitoring of management systems, in addition to the implementation of more accurate methods for risk measurement and reporting. The Credit Committee, delegated the highest level of responsibility below the Board of Management, is the Bank’s central credit competence unit. It also provides the Board with support on all issues of credit risk management. The comprehensive credit policy, on which all credit-related decisions are based, provides a solid framework for this. Risk management Refining and elaborating risk management processes and methods represented a key focus of the Risk Office’s activities in the 2004 financial year. As part of reorganisation, credit administration activities were brought together under the Credit and Collateral Services unit of the Risk Office. Meanwhile, Risk Offices abroad – in New York, London and Hong Kong – were annexed to the Corporates / Financial Institutions Division. Thus, their organisation is now in harmony with the structures and task allocation of the Munich Risk Office. For capital controlling purposes, the target portfolio was defined as part of the ongoing development of the bank-wide credit risk strategy. Consistent implementation of cluster management led to a further improved diversification. The rating system developed jointly with nine other landesbanks has already proved to be of value. Using the DSGV (German Savings Bank Association) corporate customer rating and establishing a shared credit process with the savings banks reinforces coop- eration with the Bavarian savings banks in the area of underwriting business. More- over, it supports the ongoing development of a uniform approach to risk, as well as boosting the efficiency of collaborative work. In covering the portfolio to the greatest degree possible by powerful, cutting-edge rating procedures, the Bank has achieved a further milestone on the way to meeting the requirements of Basel II.
Outlook For 2005, the focus is on developing the groundwork necessary for implementing the requirements of Basel II. This involves weighting credit collateral in a way that eases the burden on equity, defining specific criteria for transaction ratings and recording the portfolio in line with IRB criteria. Further objectives include ongoing software development for the early detection system to be used throughout the Bank, as well as the refinement of risk-optimised procedures for the valuation, analysis and controlling of individual credit exposures. BayernLB – our company 77
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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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2 Economic situation
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(Hartz IV) contributed to an overal
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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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Complex enterprises demand reliabil
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Bayerische Landesbank Brienner Stra
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