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Landesbank Berlin Holding (formerly Bankgesellschaft Berlin; FWB: BEB2) is a large commercial bank based in Berlin, Germany. It is the holding company of the Berliner Sparkasse and Landesbank. In 2007, LBB was taken over by the Deutscher Sparkassen- und Giroverband (DSGV). Berlin was forced to sell its stake by the European Commission as a condition of permitting the bailout of the then Bankgesellschaft Berlin, which had gotten into difficulties due to a real-estate scandal. In 2010, a net profit of EUR 317 million was reported.[1]
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| Formerly | Bankgesellschaft Berlin |
|---|---|
| Company type | Aktiengesellschaft |
| Industry | Commercial bank |
| Founded | December 19, 2005 |
| Headquarters | , Germany |
Number of employees | 3210 |
| Parent | Deutscher Sparkassen- und Giroverband |
| Website | lbb |
LBB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2][3]
See also
editReferences
edit- ^ "Landesbank Berlin Holding reports annual results". bankingtimes.co.uk. 2011. Archived from the original on 6 October 2011. Retrieved 14 July 2011.
€317m
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
External links
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