Landesbank Berlin Holding

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Landesbank Berlin Holding (formerly Bankgesellschaft Berlin) (FWBBEB2 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[edit]

  1. ^ "Landesbank Berlin Holding reports annual results". bankingtimes.co.uk. 2011. Archived from the original on 6 October 2011. Retrieved 14 July 2011. €317m 

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