History
The history of Bayerische Landesbank goes back to 1884 when "Landeskultur-Rentenanstalt" was formed. Giroverband was formed in 1914. A new independent office "Girozentrale bayerischer Sparkassen” was founded in 1917. Girozentrale bayerischer Sparkassen was renamed "Bayerische Gemeindebank (Girozentrale) Öffentliche Bankanstalt" in the year 1925. In 1949, the Landeskultur-Rentenanstalt was renamed "Bayerische Landesbodenkreditanstalt”.On 1 July, 1972 Bayerische Gemeindebank merged with Bayerische Landesbodenkreditanstalt to become Bayerische Landesbank Girozentrale. Thus, Bayerische Landesbank (BayernLB) was founded in 1972 through the merger of Landesbodenkreditanstalt and Bayerische Gemeindebank. Bayerische Landesbank entered into a new era in 2005 following a change of name to "BayernLB".
Mission
The mission of Bayerische Landesbank is improving the welfare of society at large. The Group is committed to furthering public causes in various ways - from promoting the economy through donations to charitable organizations to fostering the arts, culture and sciences to actively protecting the environment. Corporate responsibility is an integral part of their corporate objectives.
Area of Operation
The businesses of Bayerische Landesbank are:- Banking
- Investments
- Real Estate Services
- Foreign Trade Promotion
- Services
Key Statistics
- Bayerische Landesbank holds assets of $402,061.4 millions.
- Bayerische Landesbank has made profits of $740.8 millions in 2006.
- Bayerische Landesbank operates in Europe, North America and Asia.
- Bayerische Landesbank has 9,754 employees.
Organization
The organization of Bayerische Landesbank consists of:- Board of Management
- Board of Administration
International Ranking
- Bayerische Landesbank ranks 362 in Fortune Global 500 list.
Subsidiaries
Bayerische Landesbank Group (BayernLB) has many subsidiaries in the following fields:Headquarter Address
BayernLBBrienner Str. 18,
Munich, 80333
Germany
Phone: 49-89-217101
Website URL: www.bayernlb.de
