Additional information


en			ru			jp

Finance Lounge

Add privatebanking.com as a search provider to your browser

Advanced Search

Private Banking & Wealth Management search tool

Search entity

LfA Förderbank Bayern

Back

Review Avg.
Reviews:	0

Contact Page

Additional information

Write Review

Browse Review

Additional information

LfA Förderbank Bayern

Mission statement:

LfA Förderbank Bayern is the bank of the Free State of Bavaria - facilitating comprehensive economic development in Bavaria. As a non-competitive and strongly positioned bank, our goal is to promote Bavaria as a business location in cooperation with the state, associations and house banks.

LfA performs its development duties as an independent bank, whose services, internal structure, business thinking and actions meet market requirements and satisfy client expectations. Our experts act responsibly and with a strong sense of commitment in the interests of our clients and respond unbureaucratically to their needs. Our work is based on standards that are anchored in our strategic goals.

Overview:

LfA was founded in 1951 to finance the economic reconstruction of Bavaria following the war.
LfA is the development bank of the Free State of Bavaria. It has the legal form of a public-law institution and has its headquarters in Munich.
By law its liability lies wholly with the Free State of Bavaria.
Its share capital is € 368 million and its liable equity is € 908 million.
The two executives bodies of LfA are the Board of Management and the Administrative Board. The latter is the equivalent of the supervisory board of a publicly listed company.
As a bank, LfA is subject to the supervision of the "Bundesanstalt für Finanzdienstleistungsaufsicht" (BaFin - the Federal Financial Supervisory Authority) and the provisions of the "Kreditwesen-Gesetz" (KWG - German Banking Act).
Since its founding, the Bank has provided over 335,000 commercial loans with a total credit amount of around € 47 billion.
As a public institution, LfA is exempt from corporation tax. As a result of this and owing to its small size - of only around 300 employees - the Bank's operations are highly cost efficient.
The Bank extends loans in line with the house bank principle. It maintains a neutral stance in relation to commercial banks and does not compete with them.

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.