Corp Landesbank Berlin Holding
Corp Landesbank Berlin Holding
Corp Landesbank Berlin Holding
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Improvement in risk structure<br />
In 2008, LBB adhered systematically to the principle<br />
of foregoing transactions that did not correspond to<br />
internal profitability and risk criteria. By and large,<br />
the upheavals on financing markets have increased<br />
market players’ comprehension of the fact that risk<br />
must be adequately priced – a development that is<br />
in line with LBB’s fundamental approach. Over 90 %<br />
of new business was to borrowers with a good or<br />
very good risk class.<br />
In 2008, we again reduced the volume of risk-carrying<br />
financing (work out portfolio). This was based on<br />
successful restructuring or settlement activities par-<br />
pRoSpecTS foR 2009<br />
ticularly in relation to two large properties, and the<br />
sale of smaller portfolios. The overall improvement<br />
in the risk structure allowed us to write back allowances<br />
for losses, which led to a positive figure for<br />
allowances for losses.<br />
Foreign business stable<br />
LBB continued the business gained in 2007 in<br />
selected neighbouring foreign regions. The success -<br />
ful sales partnership in the Netherlands, aimed at<br />
covering the entire Benelux market, was transformed<br />
into a representative office for the company. The<br />
share of new business related to foreign financing<br />
is approximately 16 %.<br />
<strong>Landesbank</strong> <strong>Berlin</strong> will continue its successful market strategy in real estate<br />
financing. An effective, clientoriented sales team in the major German conurbations,<br />
which can be specifically reinforced in line with regional market potential,<br />
continues to form the backbone of these activities. In addition, we will continue<br />
to push ahead with foreign business, albeit with sound judgment and careful<br />
consideration of regional circumstances.<br />
continuous adaptation of the division’s range of products and services to evolving<br />
client requirements represents another important task. This aspect will become<br />
increasingly important as a result of structural changes to commercial real estate<br />
financing following the changes on the international financial markets. In this<br />
regard, we intend, for example, to intensify consultation on the topic of payment<br />
services.<br />
About the company<br />
Real Estate Financing<br />
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