In German-speaking jurisdictions, Landesbank (plural Landesbanken), lit.'bank of the Land', generally refers to a bank operating within a territorial subdivision (Land) that has autonomy but not full sovereignty. It is occasionally translated as "provincial bank".

Westdeutsche Landesbank was a prominent exemplar of the German Landesbanken before collapsing in 2007-2012

Austria-Hungary edit

In the Austro-Hungarian Empire under the rule of the Habsburg monarchy, Landesbanken were government-sponsored banks established in some of the kingdoms and lands of the crown:[1]

By contrast, Vienna's Länderbank (est. 1880) and its short-lived affiliate the Ungarische Landesbank (1881-1887) were private-sector initiatives. The name Landesbank also survives in regional entities of the Raiffeisen Group in Austria and, similarly, the Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige in the Italian region of South Tyrol.

Germany edit

Map of coverage of Landesbanks as of 2022

The current Landesbanken are part of the Sparkassen-Finanzgruppe, one of the three pillars of Germany's banking system. Their business is predominantly wholesale banking, partly to serve local savings banks (German: Sparkassen). With a few exceptions, Landesbanken and Sparkassen are chartered by national and state banking laws to pursue a public purpose (German: öffentlicher Auftrag).[3] As of late 2022, they are:

Four other German institutions are named Landesbank without playing the role of the above five within the public sector:

Liechtenstein edit

Liechtensteinische Landesbank in Vaduz

The German name of the National Bank of Liechtenstein is Liechtensteinische Landesbank AG.

See also edit

References edit

  1. ^ Ulrich Nachbaur (2008), "Die Hypothekenbank des Landes Vorarlberg 1897 bis 1925" (PDF), Montfort: 54
  2. ^ Bo Larsson (November 2014). "Czernowitz – Cernăuţi – Černivci" (PDF). Edgar Hauster. p. 24.
  3. ^ Richard Deeg (1999), Finance Capitalism Unveiled: Banks and the German Political Economy, University of Michigan Press, doi:10.3998/mpub.15451, ISBN 9780472109364, JSTOR 10.3998/mpub.15451
  4. ^ Stephan Kahl (9 February 2022). "Apollo-Backed German Lender OLB in Talks to Hire IPO Arrangers". Bloomberg.

External links edit

  • (Bilanzsummen minus 1.809.100.000.000 Euro) (Stand September 2010) (Schuldenbremse Grundgesetz)