Landesbank Saar (short SaarLB) is a public-law corporation established in

Saarbrücken Saarbrücken (; Rhenish Franconian: ''Sabrigge'' ; ; ; ; ) is the capital and largest List of cities and towns in Germany, city of the state of Saarland, Germany. Saarbrücken has 181,959 inhabitants and is Saarland's administrative, commerci ...

and the largest credit and

mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

bond Bond or bonds may refer to: Common meanings * Bond (finance), a type of debt security * Bail bond, a commercial third-party guarantor of surety bonds in the United States * Fidelity bond, a type of insurance policy for employers * Chemical bond, t ...

institute in

Saarland Saarland (, ; ) is a state of Germany in the southwest of the country. With an area of and population of 990,509 in 2018, it is the smallest German state in area apart from the city-states of Berlin, Bremen, and Hamburg, and the smallest in ...

. In 2017, the balance sheet total was around

€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone. The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon), crossed by t ...

14 billion. Core markets are Saarland and

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

, especially the northeast of the country. Until December 31, 2013, shareholders of SaarLB were ''

Bayerische Landesbank Bayerische Landesbank, also known as BayernLB, is a publicly regulated bank based in Munich, Germany and one of the six Landesbanken. It is 75% owned by the Free State of Bavaria (indirectly via BayernLB Holding AG) and 25% owned by the ''Sparka ...

'' (BayernLB, 49.9%), Saarland (35.2%) and ''Sparkassenverband Saar'' (14.9%), after ''Bayerische Landesbank'', during the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, sold a share of 25.2% for 65 million euros to Saarland. This share ratio changed as of September 30, 2013, as ''Saarland Sparkassen'' converted previously held silent participations into so-called "hard core capital". At this date the participation rates amounted to 43.92 percent for BayernLB, 30.98 percent for Saarland and 25.1 percent for ''Sparkassenverband Saar''. As of 1 January 2014, BayernLB sold its remaining shares to Saarland, so that now Saarland is involved with 74.9 percent and ''Sparkassenverband'' with 25.1 percent in SaarLB.

References

External links

Official Website
* {{Authority control economy of Saarland Landesbanks Corporate finance Banks established in 1941 German companies established in 1941 Sparkassen-Finanzgruppe

See also

References

External links