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 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