Landesbank Saar
From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Public institution |
|---|---|
| Industry | financial service activities, except insurance and pension funding  |
| Predecessor | Hypothekenbank Saarbrücken Pfälzische Wirtschaftsbank gAG |
| Founded | 1941[1] |
| Headquarters | Saarbrücken, Germany[2] |
| 10,685,548.04 Euro (2017) | |
| Total assets | €14.9 billion (2018)[3] |
Number of employees | 531 (2018)[2] |
| Website | www |
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]
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