Corp Landesbank Berlin Holding

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46 Company profile Organisational and legal structure As of 31 December 2008, the organisational and legal structure of the Landesbank Berlin Holding Group is as follows: Beteiligungsgesellschaft der S-Finanzgruppe mbH & Co. KG 90.4 % Berlin Hyp AG Overview of the 2008 financial year General partner General partner 10.6 % Regionalverbandsgesellschaft mbH Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG 88.0 % Landesbank Berlin Holding AG 100 % BankenService GmbH 100 % Landesbank Berlin AG Berliner Sparkasse Landesbank Berlin Holding AG (Holding) is the parent company of the Landesbank Berlin Group. It is a listed public limited company and a financial holding company as defined in the German Banking Act (KWG) headquartered in Berlin. The majority shareholder is Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG (S-Erwerbsgesellschaft) with a holding of 88.0 %. It is general partner of Beteiligungsgesellschaft der S-Finanzgruppe 75.0 % –1 share Free float netbank AG LBB-INVEST GmbH 1.4 % 100 % mbH & Co. KG (S-Beteiligungsgesellschaft), which holds 10.6 % of shares as of 1 January 2008. Overall, the shares held by S-Erwerbsgesellschaft including the shares held by S-Beteiligungsgesellschaft as of 31 December 2008 thus amounted to 98.6 %. In its role as general partner of S-Erwerbsgesellschaft, Regionalverbandsgesellschaft mbH assumes management of both S-Erwerbs gesellschaft and S-Beteiligungsgesellschaft.
Landesbank Berlin AG (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 holds the Group’s strategically important investments, in particular, the interests in Berlin- Hannoversche Hypothekenbank AG (Berlin Hyp), in BankenService GmbH (BankenService) and in netbank AG (netbank). It also maintains branches in London and Luxembourg. Landesbank Berlin Investment GmbH (LBB-INVEST) was transferred from LBB to the Holding with effect in rem as of 31 December 2008 / 1 January 2009. 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 and the Corporate Centres that support them. The business areas consist of Retail Banking, Corporate Banking, Capital Markets and Real Estate Financing. The Corporate Centres include the areas of IT, Risk and Controlling, Personnel, Corporate Development, Audit and Finance. Back-office tasks, including complete processing of the lending business, are largely grouped together at LBB BankenService. The real estate financing provided by LBB and Berlin Hyp is, as far as is legally possible, managed by the cross-bank business area. The respective units in the two companies are also closely linked correspondingly with each other. Landesbank Berlin Retail Banking Regional Corporate Banking Capital Markets Real Estate Financing At 5,999 employees, the number of staff in the Group’s scope of consolidation at 31 December 2008 was slightly above the previous year’s level (5,965 employees). The proportion of women was 62.5 % Corporate Center Back-Office of the total staff, almost unchanged from the previous year (31 December 2007: 62.1 %). The total fluctuation rate was very low at 2.7 %, or 1.6 % after adjustment for retirement, and showed a decrease as against the previous year. Group management report Overview of the 2008 financial year 47
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 42 and 43: 38 Capital Markets Capital Markets
Page 44 and 45: New business in 2008 by lending reg
Page 46 and 47: 42 Employees In 2008, we rigorously
Page 49: Group management report Overview of
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
Page 89 and 90: 1800 1600 1400 1200 1000 800 600 40
Page 91 and 92: On account of the largely low-risk
Page 93 and 94: Liquidity risks The liquidity risk
Page 95 and 96: Managing liquidity risks Group-wide
Page 97 and 98: Risk concentration The Group’s da
Page 99 and 100: Risk and income monitoring for the
Page 101 and 102:
Organisational structure The contro
Page 103 and 104:
IT and system risks Extraordinary I
Page 105 and 106:
The Federal Financial Supervisory A
Page 107 and 108:
Report on expected developments / O
Page 109 and 110:
Regional Corporate Banking Landesba
Page 111 and 112:
Annual Financial Statements for the
Page 113 and 114:
Quarterly Development of the LBB Ho
Page 115 and 116:
Statement of Changes in Consolidate
Page 117 and 118:
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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