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LfA Förderbank Bayern is the regional promotional bank () for the
LfA Förderbank Bayern is the regional promotional bank () for the German state
The Federal Republic of Germany is a federation and consists of sixteen partly sovereign ''states''. Of the sixteen states, thirteen are so-called area-states ('Flächenländer'); in these, below the level of the state government, there is a ...
of Bavaria
Bavaria, officially the Free State of Bavaria, is a States of Germany, state in the southeast of Germany. With an area of , it is the list of German states by area, largest German state by land area, comprising approximately 1/5 of the total l ...
. It was established by law of , initially as (LfA), which makes it the oldest of the . It is headquartered in Munich
Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is no ...
.
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 orientedLandesbank
In German-speaking jurisdictions, ''Landesbank'' (plural ), , refers to a category of public sector banks that are owned by one or more of the ''Länder'' ( federated internally self-governing states). Institutions of this type exist in most Ge ...
en, LfA Förderbank Bayern is a member of the Association of German Public Banks
Association may refer to:
*Club (organization), an association of two or more people united by a common interest or goal
*Trade association, an organization founded and funded by businesses that operate in a specific industry
*Voluntary associatio ...
(VÖB). Since September 2023, it has been a member of the United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's ...
.
See also
*KfW
The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national ...
* German public banking sector
The German public banking sector () represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formal ...
References
Banks established in 1951 Sub-national development banks Government-owned banks of Germany {{bank-stub