Landesbank Bayern

From Simple English Wikipedia, the free encyclopedia
TypePrivate company
IndustryFinance and Insurance
HeadquartersMünchen, Germany
ProductsFinancial Services
Revenue$3.72 (billion)

Landesbank Bayern or BayernLB, short for Bayerische Landesbank (Bavarian State Bank), is a publicly regulated bank based in Munich, Germany and one of the eight Landesbanken. It is 94% owned by the free state of Bavaria (indirectly via BayernLB Holding AG) and 6% owned by the Sparkassenverband Bayern, the umbrella organization of Bavarian Sparkassen. With a balance of €416 billion and 19,200 employees (in the group; 5,170 in the bank itself), it is the eighth-largest financial institution in Germany.