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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 percent), Saarland (35.2 percent) and Sparkassenverband Saar (14.9 percent), after Bayerische Landesbank in the course of the financial crisis sold a share of 25.2 percent 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]

References

  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.

49°14′22″N 6°59′36″E / 49.239461°N 6.993411°E / 49.239461; 6.993411

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