Bankgesellschaft is focussing on core business - Landesbank Berlin

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42 MANAGEMENT BUSINESS AREAS SHARE MANAGEMENT REPORT FINANCIAL STATEMENTS Government-Ass<strong>is</strong>tance Programme Investitionsbank Berlin (IBB) <strong>is</strong> the State of Berlin's central bank for development. The bas<strong>is</strong> for its operations <strong>is</strong> the Act by the State of Berlin on the Establ<strong>is</strong>hment of Investitionsbank Berlin of November 25, 1992. The function of IBB <strong>is</strong> to support the development of the economy and the housing market through development programmes and by providing expert advice in relation to investment plans. In ass<strong>is</strong>tance to trade and industry, it <strong>is</strong> primarily geared towards start-ups as well as small and medium-sized companies. The objective of the monetary ass<strong>is</strong>tance <strong>is</strong> to stabil<strong>is</strong>e the development of companies and to support their establ<strong>is</strong>hment on the market. In addition, the prov<strong>is</strong>ion of ass<strong>is</strong>tance by IBB <strong>is</strong> oriented in particular towards the areas of expert<strong>is</strong>e of the State of Berlin, such as IT, communication technology, life science and transportation. IBB fulfils its tasks at the instigation of the State of Berlin. It <strong>is</strong> an organ<strong>is</strong>ationally and economically independent, commercially unreg<strong>is</strong>tered bank subject to public law, which <strong>is</strong> run as a non-profit department of Landesbank Berlin. IBB’s assets are managed separately from the Bank’s other assets as a special fund. IBB’s activity <strong>is</strong> not geared towards generating a profit. IBB VOLUME OF GOVERNMENT ASSISTANCE Subsidies Loans Participation (new approvals) (new approvals) in t million 31.12.2003 31.12.2002 31.12.2003 31.12.2002 31.12.2003 31.12.2002 Ass<strong>is</strong>tance to trade & industry 124.8 120.3 8.7 16.9 7.8 9.0 Real estate ass<strong>is</strong>tance 23.8 1) 39.5 1) 24.9 2) 107.5 2) – – Total 148.6 159.8 33.6 124.4 7.8 9.0 1) Excluding ongoing ass<strong>is</strong>tance, including hardship allowance 2) Excluding ongoing ass<strong>is</strong>tance and pass-through loans The development result of the year under review was strongly impacted in the real estate div<strong>is</strong>ion by the decline in ass<strong>is</strong>tance for housing associations. Th<strong>is</strong> <strong>is</strong> compounded by the d<strong>is</strong>continuation of ongoing ass<strong>is</strong>tance, which <strong>is</strong> not included in the table shown above. In ass<strong>is</strong>tance to trade and industry, above all the decrease in new business in relation to liquidity ass<strong>is</strong>tance and the d<strong>is</strong>continuation of programmes led to a reduction in new approvals for loans. In contrast, subsidy volumes increased slightly. in t million 31.12.2003 31.12.2002 Balance sheet total 19,196.9 19,513.5 Of which loans to clients 14,857.2 15,105.4 Net income for the year 12.0 0.8
The Assembly of Guarantors of Landesbank Berlin <strong>is</strong> to decide on the use of the net income for 2003 following an amendment of the statute in December 2003. In previous years, the net income of Investitionsbank Berlin was allocated to the special-purpose reserve. Th<strong>is</strong> special-purpose reserve, which largely remains tied to IBB’s ass<strong>is</strong>tance policy objectives, will be fully taken into account for the purpose of determining the regulatory equity ratios of Landesbank Berlin and the <strong>Bankgesellschaft</strong> Berlin Group. IBB’s volume of business <strong>is</strong> recorded in the corresponding statements of Landesbank Berlin and the <strong>Bankgesellschaft</strong> Berlin Group as a component of the aggregate totals. Scope of responsibilities of Investitionsbank Berlin GOVERNMENT-ASSISTANCE PROGRAMMES LOANS The State of Berlin’s most important programmes to provide ass<strong>is</strong>tance to trade and industry and real estate are combined under the umbrella of Investitionsbank Berlin. IBB provides ass<strong>is</strong>tance in the form of loans at favourable interest rates, non-repayable subsidies, guarantees, participations and free-ofcharge consultations. In co-ordination with the State of Berlin, IBB launches its own development programmes and <strong>is</strong> directly and indirectly involved in solving structural policy <strong>is</strong>sues. 43 GOVERNMENT-ASSISTANCE PROGRAMME in t million 31.12.2003 31.12.2002 Real estate loans 11,487 12,146 Other loans (e.g. consumer loans) 3,168 2,959 Total loans and advances to customers 14,655 15,105 Loans to banks over 1 year 2,475 3,467 Total 17,130 18,572 GOVERNMENT-ASSISTANCE PROGRAMMES DEPOSITS in t million 31.12.2003 31.12.2002 Overnight deposits 309 188 Term deposits 11,136 9,537 Total customer deposits 11,445 9,725 Amounts due to banks over 1 year 3,627 7,079 Total 15,072 16,804 Focus of ass<strong>is</strong>tance to trade and industry on small to medium-sized companies in Berlin With its ass<strong>is</strong>tance to trade and industry programmes, Investitionsbank Berlin supports the economic and structural change in Berlin. It provides ass<strong>is</strong>tance in particular to innovative and technology-oriented companies in the sectors of the future, such as IT, communication technology and biotechnology. The programmes also ass<strong>is</strong>t start-ups to real<strong>is</strong>e their business ideas right through to the establ<strong>is</strong>hment of the new company on the market. In the context of a pilot project with the Techn<strong>is</strong>che Universität Berlin (TU Berlin), Investitionsbank Berlin offered a tuition fee loan programme for the first time in the year under review to ass<strong>is</strong>t students with the financing of study costs for postgraduate courses that are subject to fees. The reorientation of the bank will, in future, denote a greater focus in ass<strong>is</strong>tance to trade and industry on the prov<strong>is</strong>ion of monetary ass<strong>is</strong>tance to the areas of expert<strong>is</strong>e of Berlin and small to mediumsized companies based in Berlin.
Page 1 and 2: Bankgesellschaft B
Page 3 and 4: Corporate Profile • BANKGESELLSCH
Page 5 and 6: Contents 4 Management 4 Letter to S
Page 7 and 8: Our activities are centred around t
Page 9 and 10: 5 LETTER TO SHAREHOLDERS In additio
Page 11 and 12: 7 LETTER TO SHAREHOLDERS The positi
Page 13 and 14: Bernd Reinhard* Chairman of the BB/
Page 15 and 16: 11 REPORT OF THE SUPERVISORY BOARD
Page 21 and 22: Since the start of the reconstructi
Page 23 and 24: Retail Banking business area 19 SEG
Page 25 and 26: Government-Assista
Page 27 and 28: 23 SEGMENT REPORTING AND PERFORMANC
Page 29 and 30: RETAIL BANKING LOANS in t million 3
Page 31 and 32: Outlook Measures to further strengt
Page 33 and 34: The Competence Centres merged last
Page 35 and 36: The participations portfolio alloca
Page 37 and 38: From the dissoluti
Page 39 and 40: Outlook REAL ESTATE FINANCING LOANS
Page 41 and 42: Bankgesellschaft B
Page 43 and 44: almost full implementation of the s
Page 45: Corporate Investments The Group’s
Page 49 and 50: Other/Consolidation Earnings contri
Page 51 and 52: The measures for repositioning <str
Page 53 and 54: Management Report 50 Overview of th
Page 55 and 56: The increasing economic optim<stron
Page 57 and 58: Other important cornerstones of th<
Page 59 and 60: with market conditions. Prec<strong
Page 61 and 62: The measures started in 2002 for th
Page 63 and 64: Up to and including 2011 at least,
Page 65 and 66: esulting from the LBB/IBB proceedin
Page 67 and 68: CONSOLIDATED RESULT OF ORDINARY BUS
Page 69 and 70: Structure of net comis</str
Page 71 and 72: Personnal costs in € million 973
Page 73 and 74: Taxes on income As a result of the
Page 75 and 76: These effects negatively impact the
Page 77 and 78: RISK PROVISIONING FOR THE AG Net ot
Page 79 and 80: LENDING VOLUME WITHIN THE GROUP Dev
Page 81 and 82: Liabilities CONSOLIDATED LIABILITIE
Page 83 and 84: AG LIABILITIES Final statement on t
Page 85 and 86: (c) The system of compensation of t
Page 87 and 88: • Operational ris</strong
Page 89 and 90: Total A B C D E F no rating availab
Page 91 and 92: The complexity and scope of the ex<
Page 93 and 94: CAPITAL-AT-RISK LIMITS AND UTILISAT
Page 95 and 96: Since 2002, a Committee for Operati
Page 97 and 98:
In addition, a qualifying concept r
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whereby no more than a 1.1 billion
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The large number of legally stipula
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Two key measures were implemented i
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Over the course of 2003, IBG almost
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Group Outlook The Group achieved a
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105 GROUP OUTLOOK / ANNUAL FINANCIA
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107 BANKGESELLSCHAFT BERLIN GROUP B
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109 BANKGESELLSCHAFT BERLIN GROUP B
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111 PROFIT AND LOSS ACCOUNT OF THE
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113 CONSOLIDATED EQUITY CAPITAL STA
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115 SEGMENT REPORTING OF THE GROUP
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117 CASH FLOW STATEMENT OF THE BANK
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119 BANKGESELLSCHAFT BERLIN AG BALA
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121 BANKGESELLSCHAFT BERLIN AG BALA
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123 PROFIT AND LOSS ACCOUNT OF BANK
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1) Berlin Hyp Group companies 2) IB
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127 NOTES TO THE CONSOLIDATED AND A
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2 Amounts due in the following year
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17 Provisions for
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20 Profit participation capital 141
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24 Profit from financial transactio
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30 Taxes on income 147 NOTES TO THE
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Other Information on the Group 32 I
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38 Information on derivative transa
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40 Corporate Governance 159 NOTES T
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1 Classification of Deadlines 161 N
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5 Subordinated assets 163 NOTES TO
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9 Foreign currency items 165 NOTES
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15 Other liabilities 167 NOTES TO T
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24 Profit from financial transactio
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27 Geographic dist
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38 Information on derivative transa
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BSI Immobilien-Beteiligung GmbH & C
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Long Beach Property, LLC, Wilmingto
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Associated companies (section 311/s
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185 APPENDIX 1 Company, reg
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187 APPENDIX 1 Company, reg
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189 APPENDIX 1 / APPENDIX 2 L<stron
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Claudia Fieber* (since September 1,
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Hans-Jörg Vetter Chairman of the B
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List Pursuant to S
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2. Bankgesellschaft</strong
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Financial Service Providers BB-ASSE
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Banks and Finance Companies Real Es
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Imprint Published
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