Landesbank Berlin Holding

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36 Group management report Overview of the Group Organisational and legal structure As of 31 December 2010, the organisational and legal structure of the Landesbank Berlin Holding Group is as follows: Beteiligungsgesellschaft der S-Finanzgruppe mbH & Co. KG 99.66 % Berlin Hyp AG Regionalverbandsgesellschaft der S-Finanzgruppe mbH General partner 10.63 % Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG General partner 88.03 % Landesbank Berlin Holding AG 100 % BankenService GmbH 100 % Landesbank Berlin AG Berliner Sparkasse The listed public limited company Landesbank Berlin Holding AG (Holding) is the parent company of the Landesbank Berlin Group and is headquartered in Berlin. It is a financial holding company as defined in the German Banking Act (KWG) and is the sole investor in Landesbank Berlin AG (LBB) and the asset management company Landesbank Berlin Investment GmbH (LBB-INVEST). The majority shareholder of the Holding is Erwerbsgesell schaft der S-Finanzgruppe mbH & Co. KG (S-Erwerbsgesellschaft) with a holding of 88.03 %. It is the general partner of Beteiligungsgesellschaft der S-Finanzgruppe mbH & Co. KG (S-Beteiligungsgesellschaft), which holds 10.63 % of shares. Overall, the shares held by S-Erwerbsgesellschaft including the shares held by S-Beteiligungsgesellschaft therefore amounted to 98.66 %. In its role 75 % –1 share Free float netbank AG LBB-INVEST GmbH 1.34 % 100 % as the general partner of S-Erwerbsgesellschaft, Regionalverbandsgesellschaft mbH assumes management of both S-Erwerbsgesellschaft and S-Beteiligungsgesellschaft. LBB is a wholly owned subsidiary of the Holding. It is an unlisted public limited company and a financial institution as defined in the KWG. LBB maintains branches in London and Luxembourg. LBB holds the Group’s key strategic investments, in particular, the interests in BankenService GmbH Unternehmensgruppe Landesbank Berlin (Banken- Service), netbank AG (netbank) and Berlin- Hannoversche Hypothekenbank AG (Berlin Hyp).
LBB concluded a control agreement as defined in Article 291 (1) Sentence 1 of the German Stock Corporation Act (AktG) with BankenService on 26 March 2010. The agreement became effective on registration in the BankenService Commercial Register on 2 July 2010. In October 2010, LBB acquired the shares in Berlin Hyp held by Norddeutsche Landesbank, amounting to 8.07 %, and consequently increased its stake to 99.66 %. It also participated in a capital increase at Berlin Hyp of some € 100 million and concluded a profit and loss transfer agreement with Berlin Hyp. On 9 December 2010, the majority of the Extraordinary General Meeting of Berlin Hyp agreed to the demand by the Board of Management of LBB as representative of the main shareholder to transfer the shares of the minority shareholders in Berlin Hyp to the main shareholder pursuant to Article 327a (1) Sentence 1 of the German Stock Corporation Act (AktG) in return for adequate cash compensation. Following the enactment of this resolution through registration in the Commercial Register on 25 January 2011, LBB has held 100 % of the shares in Berlin Hyp. The Group is organised as follows: The Holding does not conduct any banking business of its own and therefore does not employ any staff. Its principal purpose is to hold the investment in LBB. The work that this entails and the support for the Holding’s executive bodies are provided on an agency basis by LBB. LBB is divided into four strategic business areas, Interest Management and the Corporate Centre and Back-office service functions. The strategic business areas consist of Retail Banking, Corporate Banking, Capital Markets and Real Estate Financing. The central management of the banking book is reported in Interest Management. The Corporate Centres include the areas of IT, Risk and Controlling, Personnel, Corporate Development, Audit and Finance. Back-office includes the back-office services of BankenService and the credit units at LBB. The real estate financing provided by LBB and Berlin Hyp is, as far as is legally possible, managed by the crossbank business area. The respective units in the two companies are also closely linked correspondingly with each other. Landesbank Berlin Retail Banking Regional Corporate Banking Real Estate Financing Capital Markets Interest Management Corporate Centre / Back-office Group management report Overview of the Group 37
Page 1 and 2: Landesbank Berlin Holding ANNUAL RE
Page 3 and 4: Contents Landesbank Berlin Holding
Page 5 and 6: Letter from the Chairman of the Sup
Page 7 and 8: Dear shareholders, the 2011 financi
Page 9 and 10: Sascha Händler * Landesbank Berlin
Page 11 and 12: We have steadily developed the trie
Page 13 and 14: LBB small and medium-sized enterpri
Page 15 and 16: A sense of proportion and an apprec
Page 17 and 18: Focus on customer business The Capi
Page 19 and 20: Each of them champions customers di
Page 21 and 22: Landesbank Berlin Holding AG 19 Mar
Page 23 and 24: Landesbank Berlin Holding AG 21 Tim
Page 25 and 26: Landesbank Berlin Holding AG 23 Nor
Page 27 and 28: Landesbank Berlin Holding AG 25 Sus
Page 29 and 30: Landesbank Berlin Holding AG 27 Knu
Page 31 and 32: Landesbank Berlin Holding AG 29 Ale
Page 33 and 34: Landesbank Berlin Holding AG 31 Mic
Page 35 and 36: Share price of Landesbank Berlin Ho
Page 37: Group management report Overview of
Page 41 and 42: Corporate governance declaration in
Page 43 and 44: deductible of 10 percent of losses
Page 45 and 46: profit contribution of the member o
Page 47 and 48: Individual details: Pension rights
Page 49 and 50: LBB Supervisory Board: For work on
Page 51 and 52: Powers of the Board of Management c
Page 53 and 54: The strategic business areas are ma
Page 55 and 56: Development of business - January t
Page 57 and 58: Earnings before taxes virtually mat
Page 59 and 60: Net income from financial assets im
Page 61 and 62: The Regional Corporate Banking segm
Page 63 and 64: The central management of the banki
Page 65 and 66: Shares carried at equity amounted t
Page 67 and 68: overall capital ratio for the LBBH
Page 69 and 70: Final statement on the dependent co
Page 71 and 72: The new version entered into effect
Page 73 and 74: In addition, for risk tolerance ana
Page 75 and 76: Internal capital adequacy The devel
Page 77 and 78: The information shown on the overal
Page 79 and 80: 140.0 135.0 130.0 125.0 120.0 115.0
Page 81 and 82: The breakdown by remaining term cle
Page 83 and 84: In line with the risk class, the po
Page 85 and 86: 1800 1600 1400 1200 1000 800 600 40
Page 87 and 88: AGE STRuCTuRE OF CREDIT RISK Prior-
Page 89 and 90:
In the context of Bank-wide stress
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The following graphic shows the liq
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As it was not possible to use the u
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Reporting market price risks The re
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Development of the market price ris
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SECuRITISATION PORTFOLIO OF THE GRO
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purpose of an exchange of informati
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Fluctuation risk: Appropriate repre
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The OpRisk unit in the Risk and Con
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The objective of the ICS is to reco
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Opportunities and risks / outlook E
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The strategic refocusing of sales i
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Opportunities for even more effecti
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Annual financial statements for the
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Total comprehensive income 1.1. - 3
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Total comprehensive income in € m
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Liabilities and shareholders’ equ
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for the period from 1 January to 31
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The cash flow statement provides in
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Consolidated financial statements N
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All the above amendments are to be
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4 Principles of consolidation Conso
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6 Segment reporting Consolidated fi
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Capital Markets Interest Management
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Notes on accounting policies 7 Fina
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7.2 Receivables Receivables are bro
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Micro fair value hedge accounting I
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8 Cash Cash in hand and balances at
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13 Leases In accordance with IAS 17
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16 Provisions Provisions are recogn
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Minimum capital requirements The LB
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23 Net commission income in € mil
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Net income by category The “net i
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Other administrative expenses in
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As in the previous year, the additi
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34 Loans and advances to banks Loan
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Group as lessor (finance leases) Th
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Existing loans Provisions for lendi
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Financial instruments designated at
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Summary of financial information on
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The main measurement parameters are
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Deferred tax assets reflect the pot
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48 Amounts due to customers Amounts
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Contractual remaining maturities of
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Breakdown of fair value option fina
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Development of pension obligations
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Of which: Provisions for EU measure
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55 Subordinated capital in € mill
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58 Trust activities Trust activitie
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Part of the change in value is due
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Consolidated financial statements O
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The table below shows a statement o
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RVG, the general partner of S-Erwer
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Variable remuneration totalling €
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The members of the Board of Managem
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64 Number of employees Average numb
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Company, registered office Total sh
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Company, registered office Special
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Responsibility statement To the bes
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Report of the Supervisory Board of
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Report by the Board of Management o
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Frank Meysel * Member of the Works
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In accordance with the recommendati
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Declaration of conformity of the Bo
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Retail Banking Private Banking Bund
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Major investments Berlin-Hannoversc
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Imprint Published by Landesbank Ber
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Landesbank Berlin Holding

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