Annual Report 2001 - Landesbank Berlin

More documents

Recommendations

Info

Real Estate Financing Following the difficult financial year in 2000, the past year unfolded against the background of reorganisation and reorientation in the strategic business area of Real Estate Financing. Decisive steps were taken as a result of earlier misjudgements and shortcomings in loan processing. The Bank took account of findings from the concluding audit in 2000 by creating new decision-making structures, improving the data quality and further endeavours to diversify and consolidate the loan portfolio. Accordingly, conduct of new business was extremely restrained with increased risk perspectives. Real Estate Financing – loans 30 REAL ESTATE FINANCING Dec. 31, 2001 Dec. 31, 2000 € million € million Overnight and term money 3,287 2,653 Overdraft facilities 1,494 1,198 Near-money market loans 178 0 Real estate loans 24,095 24,013 Other loans (in particular public-sector loans) 17,009 18,497 Total loans and advances to customers 46,063 46,361 Loans and advances to banks over 1 year 4,018 4,578 Total 50,081 50,939 Real Estate Financing – deposits Lessingbrücke, Berlin-Tiergarten Dec. 31, 2001 Dec. 31, 2000 € million € million Demand deposits 836 812 Overnight deposits 869 34 Term deposits 9,053 10,106 Savings deposits 2 2 Savings certificates and similar products 0 0 Total customer deposits 10,760 10,954 Bank deposits over 1 year 2,176 2,685 Total 12,936 13,639
Clear decision-making structures Diversification of the loan portfolio After standardised guidelines relating to loan processing and risk assessment were introduced throughout the sub-banks, the processing and decision-making structures within the business areas are now considerably tighter. The Group-wide standardised guidelines are stipulated and monitored in a Real Estate Management Board. This consists of the Board members and divisional managers from the Group and the sub-banks responsible for Real Estate. The Board is able to perform its duties on the basis of improved data quality. This applies for both sales management as well as loan processing and risk controlling. At the end of 2001, the book of client loans amounted to €46.1 billion, of which €14.9 billion related to Berlin Hyp’s public-sector loans under the item “Other loans”. In new business, which was scaled back from a risk point of view, the portion of international activities increased and countered the previous concentration on the core region of Berlin-Brandenburg. In order to continue with the initiated diversification of the loan portfolio, Real Estate is retaining its nationwide presence with the brands Bankgesellschaft Berlin and Berlin Hyp and is targeting an adequate mix of client segments and property types. In the year under review, the focus on low-risk commitments in new Development of earnings business, stronger regional risk diversification and instructions from and risk provisions the banking supervisory authorities relating to the modified positioning of Berlin Hyp in terms of interest-change risk led to a considerable reduction in income in the business area overall. Administrative expenditure rose due to the projects and measures associated with the restructuring of the business area. The ongoing difficult situation on the real estate market, in particular in the new Federal states, and the continued auditing of the loan book under strict valuation criteria necessitated credit risk provisions of €473 million. The development of earnings was also largely characterised by effects due to the agreement with the State of Berlin relating to the protection from substantial risks connected with the Group’s Real Estate Services. A notable share (€9.6 billion) of the lending volume for the Real Estate business area relates to financing in connection with Real Estate Services within the Group. It was not necessary to set up REAL ESTATE FINANCING 31
Page 1 and 2: Annual Report 2001
Page 3 and 4: Bankgesellschaft Berlin Group at a
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: Outlook folio transactions with thi
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
show all

Annual Report 2001 - Landesbank Berlin

Create successful ePaper yourself

Delete template?

Save as template?