BayernLB or Bayerische Landesbank is a publicly regulated bank based in Munich, Germany and one of the eight Landesbanken. As of the end of 2008, it is owned jointly at 50% each by the state of Bavaria and the Sparkassenverband Bayern, the umbrella organization of Bavarian Sparkassen. It is the eighth-largest financial institution in Germany.
As a commercial bank, BayernLB offers private and commercial customers a universal range of services in private, industrial, investment and foreign business. This includes loans, securities trading and asset management, as well as mid-term and long-term bond issuance and securitization. The bank is refinanced through a variety of commercial debenture instruments.
As a state and municipal bank, BayernLB is responsible for comprehensive credit and financial counsel for the state of Bavaria and its municipalities and districts.
Through its subsidiaries, the bank is involved in a variety of further business areas. The Bayerische Landesbodenkreditanstalt is an organ of state housing policy, while the LBS Bayern is a public building society.
In displaying their Corporate Governance Principles, they wish to deepen the trust that their customers, business partners and owners have put in their Bank. Therefore, as an unlisted corporation under public law, they are hereby publicising their rules and regulations.
They will continue revising their Corporate Governance Principles on a regular basis with the emergence of new events, legal provisions and changes in national and international standards.
BayernLB bears responsibility for improving the welfare of society at large, which is why they are committed to furthering public causes in various ways - from promoting the economy through donations to charitable organisations to fostering the arts, culture and sciences to actively protecting the environment. Corporate responsibility is an integral part of their corporate objectives.
Environment protection has been an integral part of BayernLB's business policy for nearly fifteen years now. At first, classic corporate-ecological responsibilities like increasing energy and resource efficiency stood in the foreground. Today, they are paying closer attention to the ecological and social ramifications of their products. Their environmental management system, introduced in 1998 and validated under the Environmental Management and Audit Scheme (EMAS) directive, has successively evolved into a sustainability management system.
The first step into a foreign market is often a difficult one for SMEs. On the one hand, they are attracted by the opportunity to gain new customers, sell more products and boost growth rates in markets that offer fat margins.
But they also have to deal with
Large corporations have sufficient financial resources to independently invest in new markets. SMEs, however, often lack this luxury.