L-Bank (complete name Landeskreditbank Baden-Württemberg – Förderbank –) is the regional Förderbank for the German state of Baden-Württemberg. It was established in 1998 and is headquartered in Stuttgart.
Overview
In 1988, spun off its development finance operations as , branded L-Bank, before merging the next year with to form Landesbank Baden-Württemberg (LBBW). Also in 1998, the ownership of the Development Bank of Saxony was transferred from L-Bank to the state of Saxony.
In 2017, L-Bank lost a lawsuit in which it had argued that it should not have been brought under European Banking Supervision. Subsequent EU legislative changes, however, exempted all German from European-level supervision.
Together with other and the more commercially oriented Landesbanken, L-Bank is a member of the Association of German Public Banks (VÖB).
See also KfW German public banking sector List of banks in Germany
References