Landesbank Berlin Holding
 | |
| 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 |
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]
References
- ^ "Landesbank Berlin Holding reports annual results". bankingtimes.co.uk. 2011. Archived from the original on 6 October 2011. Retrieved 14 July 2011.
€317m
External links
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