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Home > Company Index > Banking > Banking - Europe > Westdeutsche Landesbank Girozentrale

Westdeutsche Landesbank Girozentrale
 NEWS FROM THE STANDARD
BT gets $25.7 Billion Offer for Fixed-line Network
Aug 06 2001 09:45 AM PDT

 PROFILE
Westdeutsche Landesbank Girozentrale (WestLB) operates worldwide, but its core market is the German state of North Rhine-Westphalia. The bank's services include commercial banking and financial services in its home state (WestLB is the state bank of North Rhine-Westphalia, as well as the central institution of the "Sparkassen," or savings banks, of the region.) Its international operations, primarily in Europe, serve multinational companies, public institutions, international banks, institutional investors, and property investors and developers. The government of North Rhine-Westphalia owns about 45% of the bank, while related regional banking entities own the rest.

 COMPETITION
Commerzbank AG (CRZBY)
Deutsche Bank AG (DTBKY)
Dresdner Bank AG (DRSDY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 23,492.80
1-Yr. Sales Growth: 3.3%
Employees: 14,068
Revenue per employee: $1,669,945.98

 KEY PEOPLE
• Friedel Neuber
    CEO
• Gerhard Knoka
    CFO

 CONTACT INFO
Herzogstrasse 15
40217 Düsseldorf, Germany
Phone: 49-211-826-01
Fax: 49-211-826-6119
Online: Web Site

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