Annual Report 2001 - Landesbank Berlin

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Contents 1 Letter to shareholders 5 Corporate profile 6 Our share 8 Economic environment 10 Performance in the strategic business areas 15 Retail Banking 20 Regional Corporate Banking 23 Public Sector 25 Corporate/International Banking 27 Capital Markets 30 Real Estate Financing 33 Interest Rate Management 35 Corporate Centre 37 Real Estate Services 41 Government Assistance Programmes 44 Our Staff 46 Management Report 46 Overview of the 2001 financial year 54 Development of income 60 Development of volume 65 Bankgesellschaft Berlin AG 67 Risk report 96 Outlook 98 AG and Consolidated Financial Statements 98 Balance Sheet AG 102 Profit and Loss Account AG 104 Balance Sheet Group 108 Profit and Loss Account Group 110 Notes to the AG and Consolidated Financial Statements 119 Explanatory notes 181 Audit Certificates 185 Report of the Supervisory Board 192 Corporate Governance Structures of Bankgesellschaft Berlin AG 195 Group Banks and Selected Group Subsidiaries
Bankgesellschaft Berlin Group at a Glance Equity Capital 2001 2000 1999 1998 1997 Reported equity € 4,525 m € 2,611 m € 4,366 m € 4,199 m € 4,280 m Tier I capital ratio pursuant to KWG 5.7% 3.3% 1) 5.7% 5.5% 5.7% Total capital ratio pursuant to KWG 9.4% 5.1% 1) 10.1% 8.5% 8.1% Number of shares 999,327,870 218,077,870 218,077,870 218,077,870 218,077,870 Profit and Loss Account € million € million € million € million € million Net interest income 1,876 1,642 2,048 2,007 1,887 Net commission income 386 462 420 447 422 Net results from trading activities – 106 139 105 559 70 Staff costs 984 973 965 968 934 Other administrative expenditure 696 572 583 670 562 Normal depreciation 148 129 136 134 136 Administrative expenditure 1,828 1,674 1,684 1,772 1,632 Balance of other operating income and expenses – 197 – 755 175 94 125 Operating loss/profit before risk provisioning 131 – 186 1,064 1.335 872 Risk provisioning (without section 340f HGB reserve) Operating result 763 1,564 368 851 379 (without changes to section 340f HGB reserve) – 632 – 1,750 696 484 493 Changes to section 340f HGB reserve (“–” = release) 2 – 366 229 – 218 151 Operating result – 634 – 1,384 467 702 342 Balance of other income/expenditure 575 – 175 – 28 – 472 – 26 Result before tax – 59 – 1,559 439 230 316 Taxes2) 53 89 282 195 165 Result after taxes – 112 – 1,648 157 35 151 for information: Risk provisioning 765 1,198 597 633 530 Dividend per share – 3) – € 0.60 – € 0.56 Balance Sheet € million € million € million € million € million Total assets 189,163 204,808 193,786 188,739 181,438 Customer loans 99,259 103,268 101,482 101,644 98,299 of which: mortgage loans 34,580 34,652 35,415 33,660 32,351 public sector loans 28,141 30,886 31,980 32,955 32,695 Customer deposits 62,276 62,728 62,513 65,667 62,796 Securitised liabilities 47,086 57,985 56,368 54,324 49,080 Off-balance sheet nominal value 888,300 1,009,404 860,770 851,413 706,974 credit risk equivalents (KWG) 1,492 1,912 1,936 4,115 2,829 1) After the 2001 capital increase, minimum ratios required by supervisory regulations were exceeded again. 2) 2000: taxes, i.e. including other taxes 3) Proposal to Annual General Meeting
Page 1: Annual Report 2001
Page 5 and 6: Letter to shareholders Dear Shareho
Page 7 and 8: • We intend to reorientate the Gr
Page 9 and 10: Corporate profile En route to becom
Page 11 and 12: Our share is still listed in offici
Page 13 and 14: curbed economic growth by approxima
Page 15 and 16: Eisenbrücke, Berlin-Friedrichshain
Page 17 and 18: Real Total client- Interest Corpora
Page 19 and 20: Retail Banking On the basis of high
Page 21 and 22: Deposit business Lending business S
Page 23 and 24: Outlook The next few years will lar
Page 25 and 26: Risks in Regional Corporate Banking
Page 27 and 28: Public Sector The market share of t
Page 29 and 30: Corporate/International Banking The
Page 31 and 32: Capital Markets In spite of the unf
Page 33 and 34: Outlook folio transactions with thi
Page 35 and 36: Clear decision-making structures Di
Page 37 and 38: Interest Rate Management Tegeler-Ha
Page 39 and 40: Corporate Centre Gertraudenbrücke,
Page 41 and 42: Real Estate Services IBV’s fund b
Page 43 and 44: LPFV Finanzbeteiligungs- und Verwal
Page 45 and 46: Government Assistance Programmes In
Page 47 and 48: In addition to the implementation o
Page 49 and 50: Liebknechtbrücke, Berlin-Mitte We
Page 51 and 52: Business with regional private and
Page 53 and 54:
are to be reimbursed by the State a
Page 55 and 56:
Berlin AG and individual Bankgesell
Page 57 and 58:
The following table provides an ove
Page 59 and 60:
Earnings from current operations fe
Page 61 and 62:
The Euro II project for the euro ca
Page 63 and 64:
Profit and loss account Extraordina
Page 65 and 66:
The lending volume breaks down as f
Page 67 and 68:
Liabilities and shareholders’ equ
Page 69 and 70:
4. Bankgesellschaft Berlin AG The b
Page 71 and 72:
5. Risk report Qualified risk manag
Page 73 and 74:
• Other risks - Business policy a
Page 75 and 76:
In the year under review, a prelimi
Page 77 and 78:
Compared with the previous year, th
Page 79 and 80:
In Corporate and International Bank
Page 81 and 82:
5.2.4 Participation risk All Group
Page 83 and 84:
maturity criteria. Furthermore, ana
Page 85 and 86:
Furthermore, the New Product Commit
Page 87 and 88:
Furthermore, the existing cooperati
Page 89 and 90:
principle and the detailed agreemen
Page 91 and 92:
5.6.4 Risks connected with the real
Page 93 and 94:
• Establishing autonomous adminis
Page 95 and 96:
LPFV is also exempted from the pend
Page 97 and 98:
On the basis of the decision by the
Page 99 and 100:
Landesbank Berlin/Investitionsbank
Page 101 and 102:
The foundations have been laid for
Page 103 and 104:
Liabilities See explanatory Previou
Page 105 and 106:
Page 107 and 108:
Income See explanatory Previous not
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Income See explanatory Previous not
Page 115 and 116:
The following companies of the IBAG
Page 117 and 118:
A special item subject to partial r
Page 119 and 120:
Until now, CidS! Computer in die Sc
Page 121 and 122:
companies of the IBAG Group/IBG Gro
Page 123 and 124:
Explanatory notes to the balance sh
Page 125 and 126:
(6) Development of fixed assets (6.
Page 127 and 128:
(7) Trust transactions in € milli
Page 129 and 130:
Notes on individual balance sheet i
Page 131 and 132:
(15) Other liabilities in € milli
Page 133 and 134:
(19) Subordinated liabilities (19.1
Page 135 and 136:
The Annual General Meeting of Augus
Page 137 and 138:
Notes on individual profit and loss
Page 139 and 140:
The risk provisioning in the lendin
Page 141 and 142:
(26) Geographic distribution of ear
Page 143 and 144:
Extraordinary expenses and income i
Page 145 and 146:
Cash flow statement (32) Informatio
Page 147 and 148:
Cash flow statement of Bankgesellsc
Page 149 and 150:
The Group’s capital market busine
Page 151 and 152:
Real Total client- Interest Corpora
Page 153 and 154:
As a result of the participation in
Page 155 and 156:
(38) Information on derivative tran
Page 157 and 158:
(38.2) Group Derivative transaction
Page 159 and 160:
(40) Introduction of euro notes and
Page 161 and 162:
Company, registered office Letter %
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Investment holdings of the IBAG sub
Page 169 and 170:
Company Registered Capital Equity R
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Company Dominant company Profit bef
Page 179 and 180:
Dr.-Ing. E.h. Heinz Dürr (until Ju
Page 181 and 182:
Changes made since the balance shee
Page 183 and 184:
) Chairman of the Supervisory Board
Page 185 and 186:
Audit certificates 1. Bankgesellsch
Page 187 and 188:
2. Bankgesellschaft Berlin Group We
Page 189 and 190:
Report of the Supervisory Board Dur
Page 191 and 192:
Further, at the request of the Supe
Page 193 and 194:
The auditors’ report on this cont
Page 195 and 196:
On December 31, 2001, Mr. Hans Leuk
Page 197 and 198:
Dr. Heinz-Gerd Stein Member of the
Page 199 and 200:
Group Banks and selected Group subs
Page 201 and 202:
Financial service providers Landesb
Page 203 and 204:
Further companies BankenService Gmb
Page 205 and 206:
89.7% atypical dormant participatio
Page 207:
Bankgesellschaft Berlin AG Alexande
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Annual Report 2001 - Landesbank Berlin

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