Vaduz-based Liechtensteinische
Landesbank (LLB) has issued a warning about its profits.
Shearman & Sterling advised
Landesbank Baden-Wurttemberg, New York Branch in connection with the loan.
Oldenburgische
Landesbank is headquartered in Oldenburg.
Girozentrale, HSH Nordbank AG,
Landesbank Baden-WiAoAorttemberg,
LandesbankThe five banks which arranged the financing are Norddeutsche
Landesbank Girozentrale, Credit Agricole Corporate & Investment Bank, Gulf International Bank, PK AirFinance Japan (GE Capital Aviation Services) and
Landesbank Hessen-Thuringen Girozentrale.
This is an important day for regional banks (
Landesbank) in Germany.
The biggest downgrades, by three notches, applied to six banks, including major institutions Bayerische
Landesbank (BayernLB) Deutsche Hypothekenbank AG (Deutsche Hypo),
Landesbank Baden-Wuerttemberg and Norddeutsche
Landesbank GZ.
The facility was co-arranged by Credit Agricole Corporate and Investment Bank, Norddeutsche
Landesbank Girozentrale, Commonwealth Bank of Australia,
Landesbank Hessen-Thuringen Girozentrale and DVB Bank S.E Credit Agricole Corporate and Investment Bank acted as coordinated bank and facility.
Despite the credit crunch ECE managed to agree on the bigger part of the funding with German banks
Landesbank Berlin and Berlin Hyp, which will cover EUR 111 million.
DnB Nord Bankas is a joint venture between Norway's largest bank DnB NOR (Oslo: DNBNOR) and German
landesbank NordLB.
MUNICH: BayernLB needs a six billion euro ($9.4bn) guarantee fund to help it absorb mounting losses on risky investments, Germany's second-biggest
landesbank said yesterday.