Corp Landesbank Berlin Holding

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38 Capital Markets Capital Markets’ strategic line-up The Capital Markets division comprises the Treasury & Trading, Client Business and International Business units. Treasury & Trading combines trading and investment activities in treasury and proprietary trading. It holds a central function for the entire Group’s liquidity support and refinancing. pRoSpecTS foR 2009 Client Business combines all cross-product customer activities. The International Business unit provides corporate clients and financial institutions with tailored financing instruments for markets in Central and South Eastern Europe as well as CIS countries, including central Asia. The crisis on the financial markets has shown that our many years spent focusing on clientoriented business has been the correct strategic approach for Landesbank Berlin. The challenge for 2009 is to adapt the Bank’s product range in line with the market in order to meet investors’ expectations which have altered as a result of the crisis. Based on the core competencies of capital Markets in this sector, we see good opportunities to maintaining a firm position in the market. With the decline in shortterm interest and the introduction of settlement tax, incomeoriented products will be even more in demand. When the markets stabilise and with a continued investment requirement, opportunities will again be opened up for LBBINVeST. We plan to offer new product categories when this happens. However, it is still very near impossible to forecast further development on the financial markets. This makes it difficult to orient our product range and to make projections on customer demand. However, further development on the financial markets and stricter regulations, towards which politicians are working, will set parameters according to which the segment will have to orient itself both in its strategies and operations in 2009.
Real Estate Financing In 2008, the division continued the successful developments of previous years. At € 6.7 billion, contracted new business volume in its core business was up slightly year-on-year, despite the difficult market environment. The situation on the financial markets led to additional opportunities for new business in the first half year, since demand for finance exceeded supply. Increasingly difficult capital market conditions successively led to a higher cost of funds, and thus to considerable increases in interest. As a consequence, demand from investors contracted as scheduled projects were cancelled or postponed in view of the market situation. Reversals of allowances for losses and higher net commission income contributed to the fact that the division’s operating result again exceeded the high value of € 246 million in the previous year, increasing to € 259 million. ReAL eSTATe fINANcING – LoANS in € million 31.12.2008 31.12.2007 1) Real estate loans 25,563 24,405 Other loans 8,165 8,635 Total loans and advances to customers 33,728 33,040 ReAL eSTATe fINANcING – DepoSITS in € million 31.12.2008 31.12.2007 1) Demand deposits 345 406 Overnight deposits 199 140 Term deposits / savings certificates 8,463 6,910 Savings deposits / ‘Cash direkt’ 2 4 Total customer deposits 9,009 7,460 Securitised debt 22,638 21,010 1) Figures for the previous year have been adjusted About the company Capital Markets | Real Estate Financing Landesbank Berlin combines its expertise in individual financing solutions for commercial real estate projects in the Real estate financing division. With our two brands, Landesbank Berlin and Berlin Hyp, it caters for institutional investors, residential construction companies and developers in Germany and selected foreign markets. The Landesbank Berlin Holding ranks as one of the largest and most performancedriven providers in the market for commercial real estate in Germany. 39
Page 1 and 2: Landesbank Berlin Holding ANNUAL RE
Page 3 and 4: Ratings Unguaranteed liabilities Mo
Page 5 and 6: Contents Management 2 Letter to Sha
Page 7 and 8: Letter to Shareholders Dear shareho
Page 9 and 10: Report of the Supervisory Board of
Page 11 and 12: Personnel changes In the 2008 finan
Page 13 and 14: Corporate Governance Report The Boa
Page 15 and 16: Transparency The members of the Boa
Page 17 and 18: In view of this, a revised declarat
Page 19: Sascha Händler * Landesbank Berlin
Page 23: Innovative - with modern financial
Page 26: Expert and fair - our claim In unce
Page 30 and 31: 27 Strategic divisions 28 Retail Ba
Page 32 and 33: The retail banking business of Land
Page 34 and 35: 30 Retail Banking Insurance and bui
Page 36 and 37: Landesbank Berlin is the market lea
Page 38 and 39: 34 Regional Corporate Banking Prove
Page 40 and 41: 36 Capital Markets In the capital M
Page 44 and 45: New business in 2008 by lending reg
Page 46 and 47: 42 Employees In 2008, we rigorously
Page 49 and 50: Group management report Overview of
Page 51 and 52: Landesbank Berlin AG (LBB) is a who
Page 53 and 54: “Berliner Sparkasse”. In the Re
Page 55 and 56: Measures to improve earnings Also i
Page 57 and 58: With regard to their remuneration,
Page 59 and 60: In line with their service agreemen
Page 61 and 62: Apart from the trade union represen
Page 63 and 64: Article 71 (1) No. 7 of the German
Page 65 and 66: market environment, the Real Estate
Page 67 and 68: Net commission income increased by
Page 69 and 70: Staff costs amounted to € 492 mil
Page 71 and 72: Capital Markets generated an operat
Page 73 and 74: Net assets total assets at the end
Page 75 and 76: deposits by banks declined by € 4
Page 77 and 78: Events after 31 December 2008 As at
Page 79 and 80: Principles for risk management and
Page 81 and 82: To ensure risk tolerance, there is
Page 83 and 84: In accordance with BaFin’s interp
Page 85 and 86: In line with its risk strategy, the
Page 87 and 88: The rating methods are calibrated t
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Page 91 and 92: On account of the largely low-risk
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Liquidity risks The liquidity risk
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Managing liquidity risks Group-wide
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Risk concentration The Group’s da
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Risk and income monitoring for the
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Organisational structure The contro
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IT and system risks Extraordinary I
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The Federal Financial Supervisory A
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Report on expected developments / O
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Regional Corporate Banking Landesba
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Annual Financial Statements for the
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Quarterly Development of the LBB Ho
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Statement of Changes in Consolidate
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Consolidated Financial Statements C
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Notes to the Balance Sheet 33 Cash
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In addition to the standards listed
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4 Principles of consolidation Conso
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From 2 January 2008 until the date
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Capital Markets generated an operat
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Capital Markets Real Estate Financi
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Financial assets and liabilities de
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7.6 Embedded derivatives Embedded d
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8 Cash Public-sector debt instrumen
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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 co
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23 Net commission income in € mil
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Net income by category The so-calle
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Other administrative expenses: in
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As a result of the German Business
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34 Loans and advances to banks Loan
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These include € 46,315 million (p
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Existing loans Provisions for lendi
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Financial instruments designated at
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40 Investments carried at equity A
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43 Investment property This item re
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Land and buildings used by third pa
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The future minimum lease payments a
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Trading liabilities (HfT) in € mi
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) Defined benefit plan There are se
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Development of pension obligations
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Of which: Provisions for EU measure
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55 Liabilities assigned to groups o
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The following adjustments were also
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In addition, Landesbank Berlin AG b
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The market situation was dominated
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Majority owner related party disclo
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Information on members of the Board
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Disclosures in line with Article 31
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67 List of investment holdings Comp
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Company, registered office Special
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Company, registered office Minimum
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Executive Bodies of Landesbank Berl
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Auditors’ report “We have audit
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Retail Banking Private Banking Bund
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Capital Markets Business Management
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Imprint Published by Landesbank Ber
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Corp Landesbank Berlin Holding

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