LfA Förderbank Bayern is the regional promotional bank (german: Förderbank) for the German state of Bavaria. It was established by law of , initially as (LfA), which makes it the oldest of the . It is headquartered in Munich.

Overview

LfA started operations on . It provides financing for start-ups, environmental protection, and other areas deemed of public interest. It does not compete with commercial banks but co-lends or co-invests with them and provides guarantees. It also controls investment companies, namely and . In July 2021, the latter was entrusted with the management of a €200 million scale-up fund at the initiative of the Bavarian state government. Together with other and the more commercially oriented Landesbanken, LfA Förderbank Bayern is a member of the

Association of German Public Banks The Association of German Public Banks (german: Bundesverband Öffentlicher Banken Deutschlands, generally referred to as VÖB) is a leading association within the German banking sector, bringing together most of the German public banking sector ...

(VÖB). Since September 2023, it has been a member of the United Nations Global Compact.

References

Banks established in 1951 Sub-national development banks Government-owned banks of Germany {{bank-stub

Overview

See also

References