Landesbank Saar

Landesbank Saar (short SaarLB) is a public-law corporation established in Saarbrücken and the largest credit and mortgage bond institute in Saarland. In 2017, the balance sheet total was around €14 billion. Core markets are Saarland and France, especially the northeast of the country.^[2]

Landesbank Saar

Company type	Public institution
Industry	financial service activities, except insurance and pension funding
Predecessor	Hypothekenbank Saarbrücken Pfälzische Wirtschaftsbank gAG
Founded	1941[1]
Headquarters	Saarbrücken, Germany[2]
Net income	10,685,548.04 (2017)
Total assets	€14.9 billion (2018)[3]
Number of employees	531 (2018)[2]
Website	www.saarlb.de

Headquarter in Saarbrücken, Ursulinenstraße 2

Until December 31, 2013, shareholders of SaarLB were Bayerische Landesbank (BayernLB, 49.9%), Saarland (35.2%) and Sparkassenverband Saar (14.9%), after Bayerische Landesbank, during the 2008 financial crisis, sold a share of 25.2% for 65 million euros to Saarland.^[4] 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.^[5]

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.^[6]

See also

• German public banking sector