Landesbank

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Landesbank

One of several regionally organized banks owned by the German government. Landesbanken are wholesale banks; that is, they offer services to institutional investors, businesses (especially large businesses), other banks, and investment vehicles such as mutual funds or pensions.
References in periodicals archive ?
Raiffeisen Landesbank Oberoesterreich is one of the eight regional landesbanks that hold 90% of Raiffeisen Zentralbank, parent of RBI.
BANKING AND CREDIT NEWS-November 17, 2011--Moody's axes 12 German landesbanks on lower support likelihood(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-November 17, 2011--Moody's axes 12 German landesbanks on lower support likelihood(C)2011 M2 COMMUNICATIONS http://www.
The stake is to be sold to the regional provincial Raiffeisen banks, or the Raiffeisen Landesbanks, which have first right to acquire the shares.
As the European Union is not expected to make a decision on the bailouts of German Landesbanks, a consolidation in the banking industry in Germany is expected to consequentially get delayed.
Under an agreement with the EU Commission in Brussels, eleven Landesbanks must phase out state guarantees by July 18, 2005.
At the time, the Commission said it would be looking into other cases of transfers to Landesbanks.
In July 2001, the European Commission declared that German state support of the 12 Landesbanks would no longer legally apply under European Union law for obligations entered into after July 18, 2005 (or entered between July 19, 2001 and July 18, 2005 but maturing after December 2015).
So far, Dekabank has been equally-owned by the savings banks and the landesbanks.
The German government is continuing to urge landesbanks to merge.
23 July 2010 - Germany's landesbanks have not failed the stress test the Committee of European Banking Supervisors (CEBS) is subjecting lenders EU-wide, Germany daily Frankurter Allgemeine Zeitung said.
All Landesbanks and savings banks must be able to become insolvent too.
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