Corporate
WestLB was established in 1969, Nordrhein-Westfalen, which is a German state, has been partial owner of the bank. WestLB evolved, expanded and grew eventually and at present it has operations across Europe, Asia and Americas.WestLB was established after merger of two predecessor institutions. In the year 2002,it became a joint stock company. WestLB always aimed at providing innovative banking service.
Today, WestLB provides a wide array of financial solutions.
WestLB is a Fortune 500 company.
Activities
WestLB's products and areas of work can be categorized into four main divisions:- Project finance
- Corporate finance
- Investment products
- Research
WestLB has always provided attractive solutions to medium sized corporate clients. The innovative financial products offered by WestLB help the mid-sized corporate in achieving sustainable development. Presently it has clients from continents like Asia, Europe and the Americas.
WestLB offer various investment products, the asset management solutions are tailored considering the principle of sustainable investment. Presently 500 institutional clients are enjoying the solutions offered by WestLB.
Analyses and in-depth research is carried on by WestLB, which help in long-term risk control of mid-sized corporate sectors.
Performance
At the end of Financial year 2006, WestLB's revenue came down by 14% compared to the previous fiscal.There has been a sharp fall in net profit and total asstes of the organization as well.
The following table shows the trend of net interest income of the company for the last two years:
Fiscal Year Ended |
Net Profit(Euro-millions) |
2006 |
1,144 |
2005 |
1,331 |
The following table shows the trend of Total Assets by the company for the last two years:
Fiscal Year Ended |
Total Assets (Euro-millions) |
2006 |
285.3 |
2005 |
294.4 |
