A4 für Copyshop GB.indd - Bayerische Landesbank

Funding
EUR billion
Due to banks
– of which
savings banks
31.12.2004 31.12.2003
105.7
8.3
BayernLB Group
100.1
7.5
Change
in % 31.12.2004 31.12.2003
5.6
10.6
127.0
8.8
119.9
7.8
Change
in %
Due to customers 54.1 52.2 3.7 70.4 65.3 7.8
Securitised
liabilities 95.8 90.4 6.0 103.8 95.6 8.6
The liabilities side, particularly longer-term items, was affected by liquidity-safeguard-
ing measures undertaken by BayernLB.
Amounts due to banks increased by 5.9 percent to EUR 127.0 billion in the Group and
by 5.6 percent year on year to EUR 105.7 billion at BayernLB. There was a particularly
marked climb in amounts due to savings banks, which were up 11.7 percent to EUR 8.8
billion at Group level and up 10.6 percent to EUR 8.3 billion at BayernLB.
The Bank posted pleasing increases in amounts due to customers and securitised liabil-
ities. Amounts due to customers rose by 7.8 percent to EUR 70.4 billion in the Group,
and by 3.7 percent to EUR 54.1 billion at BayernLB. Securitised liabilities, meanwhile,
were up 8.6 percent to EUR 103.8 billion at Group level, while BayernLB’s position
increased by 6.0 percent (to EUR 95.8 billion). BayernLB thus continues to be among
the leading tap issuers on both the national and international capital markets. New
issues totalling over EUR 16 billion were placed under the international issue pro-
gramme. In January 2004, BayernLB started out in the jumbo benchmark bonds seg-
ment, issuing a ten-year EUR 1.5 billion bond. This was followed by a seven-year issue
with a total volume of EUR 1 billion in May. BayernLB continued to offer attractive
investment products in the form of structured bonds.
Due to the continuing decline in risk positions in accordance with Principle I (down
6.9 percent to EUR 127.7 billion), key banking regulatory figures continued on their
upward trend within the BayernLB Group. The core capital ratio was enhanced by
0.5 percentage points to reach 8.3 percent, while the own funds ratio was up 1.2 per-
centage points to 12.5 percent.
Report on the Bank and the Group
5.9
11.7
95
} Liquidity-safeguarding
measures
affect funding
} Equity ratios
improve further