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Landesbank Saar

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Coordinates: 49°14′22″N 6°59′36″E / 49.239461°N 6.993411°E / 49.239461; 6.993411
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Landesbank Saar
Company typePublic institution
Industryfinancial service activities, except insurance and pension funding Edit this on Wikidata
PredecessorHypothekenbank Saarbrücken
Pfälzische Wirtschaftsbank gAG Edit this on Wikidata
Founded1941[1]
HeadquartersSaarbrücken, Germany[2]
10,685,548.04 euro (2017) Edit this on Wikidata
Total assets€14.9 billion (2018)[3]
Number of employees
531 (2018)[2]
Websitewww.saarlb.de
Headquarter in Saarbrücken, Ursulinenstraße 2

Landesbank Saar (short SaarLB) is a public-law corporation established in Saarbrücken and the largest credit and mortgage bond institute in Saarland. In 2017, the balance sheet total was around €14 billion. Core markets are Saarland and France, especially the northeast of the country.[2]

Until December 31, 2013, shareholders of SaarLB were Bayerische Landesbank (BayernLB, 49.9%), Saarland (35.2%) and Sparkassenverband Saar (14.9%), after Bayerische Landesbank, during the 2008 financial crisis, sold a share of 25.2% for 65 million euros to Saarland.[4] This share ratio changed as of September 30, 2013, as Saarland Sparkassen converted previously held silent participations into so-called "hard core capital". At this date the participation rates amounted to 43.92 percent for BayernLB, 30.98 percent for Saarland and 25.1 percent for Sparkassenverband Saar.[5]

As of 1 January 2014, BayernLB sold its remaining shares to Saarland, so that now Saarland is involved with 74.9 percent and Sparkassenverband with 25.1 percent in SaarLB.[6]

See also

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References

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  1. ^ "SaarLB". BankingCheck. Retrieved 20 October 2018.
  2. ^ a b c "Company Overview of Landesbank Saar". Bloomberg. Retrieved 20 October 2018.
  3. ^ "Daten und Fakten". Landesbank Saarland. Retrieved 24 September 2019.
  4. ^ "Saarland kauft ein Viertel der SaarLB-Anteile zurück". Pfälzischer Merkur. 22 June 2010. Retrieved 20 October 2018.
  5. ^ "Saarländische Sparkassen wandeln stille Einlagen Eigenkapital wird weiter gestärkt" (PDF). Landesbank Saar. 2 October 2013. Archived from the original (PDF) on 16 January 2014. Retrieved 20 October 2018.
  6. ^ "Landtag: Saarland übernimmt Anteile von BayernLB an SaarLB". 20 November 2013. Retrieved 20 October 2018.
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49°14′22″N 6°59′36″E / 49.239461°N 6.993411°E / 49.239461; 6.993411

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