Landesbank Berlin Holding (formerly ''Bankgesellschaft Berlin''; ) is a large
commercial bank based in
Berlin,
Germany. It is the
holding company of the Berliner
Sparkasse and
Landesbank. In 2007, LBB was taken over by the
Deutscher Sparkassen- und Giroverband (DSGV). Berlin was forced to sell its stake by the
European Commission as a condition of permitting the
bailout of the then Bankgesellschaft Berlin, which had gotten into difficulties due to a real-estate scandal. In 2010, a
net profit of EUR 317 million was reported.
References
External links
Official website
Landesbanks
Companies based in Berlin
Companies formerly in the MDAX
German companies established in 2005
Banks established in 2005
{{Germany-bank-stub