PROFILE |
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Landesbank Baden-Württemberg (LBBW), created from the merger of Südwestdeutsche Landesbank, Landesgirokasse, and the commercial banking unit of Landeskreditbank, operates more than 200 branches and serves as the central bank to savings banks in the German state of Baden-Württemberg. The smaller banks (backed by local governments) own the central bank. LBBW handles large transactions (wholesale banking, financial securities, foreign exchange) too costly for the smaller state savings banks. LBBW also provides traditional retail banking, real estate and commercial loans, and portfolio management services. The central bank's subsidiaries offer leasing, factoring, venture capital, and equity financing services.
COMPETITION |
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Deutsche Bank AG (DTBKY)
Dresdner Bank AG (DRSDY)
Bayerische Hypo- und Vereinsbank Aktiengesellschaft (HVM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 15,523.70
1-Yr. Sales Growth: 9.8%
Employees: 9,463
Revenue per employee: $1,640,462.86
KEY PEOPLE |
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Werner Schmidt
CEO
Thomas Fischer
CFO
CONTACT INFO |
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Am Hauptbahnhof 2
D-70173 Stuttgart, Germany
Phone: 49-711-127-0
Fax: 49-711-127-3278
Online: Web Site
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