![SaarLB Gebaeude 2011 01 150dpi](https://upload.wikimedia.org/wikipedia/commons/7/79/SaarLB_Gebaeude_2011_01_150dpi.jpg)
Landesbank Saar (short SaarLB) is a
public-law corporation established in
Saarbrücken
Saarbrücken (; french: link=no, Sarrebruck ; Rhine Franconian: ''Saarbrigge'' ; lb, Saarbrécken ; lat, Saravipons, lit=The Bridge(s) across the Saar river) is the capital and largest city of the state of Saarland, Germany. Saarbrücken is S ...
and the largest credit and
mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions 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 to raise funds for any pu ...
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
* Chemical bond, the attraction of atoms, ions or molecules to form chemical ...
institute in
Saarland
The Saarland (, ; french: Sarre ) is a state of Germany in the south west 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 ...
. 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 and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists o ...
14 billion. Core markets are Saarland and
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
, especially the northeast of the country.
Until December 31, 2013, shareholders of SaarLB were ''
Bayerische Landesbank
Bayerische Landesbank (BayernLB; Bavarian State Bank) 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 ''S ...
'' (BayernLB, 49.9 percent), Saarland (35.2 percent) and ''Sparkassenverband Saar'' (14.9 percent), after ''Bayerische Landesbank'' in the course of the
financial crisis
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and man ...
sold a share of 25.2 percent 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