Landesbank Berlin Holding
From Wikipedia, the free encyclopedia
Landesbank Berlin Holding (formerly Bankgesellschaft Berlin; FWB: BEB2) 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]
 | |
| Formerly | Bankgesellschaft Berlin |
|---|---|
| Type | Aktiengesellschaft |
| Industry | Commercial bank |
| Founded | December 19, 2005 |
| Headquarters | , Germany |
Number of employees | 3210 |
| Parent | Deutscher Sparkassen- und Giroverband |
| Website | lbb |
LBB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2][3]
