The Pfandbrief 2011 | 2012

Landesbank Baden-Württemberg is a universal bank and international commercial bank with total assets
of approximately € 375 billion (31.12.2010). In about 210 branches and representative offices and at
selected overseas locations – including New York, London, Singapore and Seoul – at the end of 2010,
13 061 employees were working for the success of the LBBW Group. The international network is complemented
by the five German centers in Beijing, Mexico City, Singapore, Moscow and Delhi-Gurgaon. As
parent company of the Group, LBBW is responsible for managing the entire LBBW Group. So LBBW
fulfills control functions within the Group, bundling within its activities that support retail banking and
activities that do not require regional relations with customers. LBBW is also directly responsible for serving
corporate customers, along with institutional clients and public sector institutions. LBBW additionally
concentrates on exercising its functions as the central bank to the savings banks. The range of products
for corporate customers is tailored to small and medium-sized companies and includes – alongside other
conventional financial services – payment settlement and asset management services. Together with its
legally dependent institutions (Baden-Württembergische Bank, Sachsen Bank and Rheinland-Pfalz Bank)
as well as its specialized subsidiaries, LBBW is active in a variety of business segments of a modern bank.
Rating:* Non-guaranteed Non-guaranteed
Mortgage Public short-term long-term Financial
Pfandbriefe Pfandbriefe liabilities liabilities strength
Moody‘s Aaa Aaa P–1 Aa2** C–**
Fitch – AAA F1+ A+ C/D
* as of: 2011-05-18 ** Outlook negative
126
Selected financial figures
2010
2009 5)
€ million € million
Net profit 1) -347
-1,482
Total assets 1)
Mortgage loan portfolio 2)
Residential loans
Commercial loans
of which: abroad
New mortgage lendings 2)
Residential loans
Commercial loans
of which: abroad
Public-sector loan portfolio
of which: abroad
New lendings to the public sector
of which: abroad
Total funds outstanding (registered and bearer securities)
Mortgage Pfandbriefe
Public Pfandbriefe
of which: Jumbo issues outstanding 4)
Unsecured bonds 3)
Refinancing funds raised
Mortgage Pfandbriefe
Public Pfandbriefe
Unsecured bonds 3)
Promissory notes
Equity 1)
Net interest income 1)
Administrative expenditure 1)
Risk provisioning for bad and non-performing loans 1)
374,413
37,325
20,374
16,951
10,224
5,081
3,172
1,909
629
24,493
2,368
–
–
113,580
5,590
49,279
16,000
58,711
60,454
1,371
2,827
56,256
–
9,960
2,163
1,764
471
411,694
40,492
22,013
18,479
11,794
5,972
3,234
2,738
1,501
26,081
3,963
–
–
140,900
6,518
59,200
19,450
75,182
91,760
2,170
5,604
83,986
–
10,525
2,778
1,909
1,527
1)
Group figures
2)
Mortgage business with commercial and private clients
3)
Including money-market paper
4)
Volume included in the position “Public Pfandbriefe”
5)
Previous year’s figures adjusted to the new balance sheet classification referred to form 1 »RechKredV«
of the regulations from BilMoG and group figures according to IAS 8 respektively