Press Releases

Rudolf Zipf, a member of LBBW's Board of Managing Directors, to retire in March 2012

Rudolf Zipf will be stepping down from the Board of Managing Directors of Landesbank Baden-Württemberg (LBBW) next spring.
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LCH.Clearnet's SwapClear clears OTC interest rate swaps for LBBW

LCH.Clearnet Ltd’s (LCH.Clearnet), the market leading over-the-counter (OTC) interest rate swap (IRS) clearing service, SwapClear, has commenced clearing IRS trades for Landesbank Baden-Württemberg (LBBW).
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EBA identified no capital shortfall for LBBW

In its latest capital exercise, the European banking authority EBA has determined that Landesbank Baden-Württemberg (LBBW) does not have any capital shortfall.
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LBBW Presents Consolidated (IFRS) Figures
as of 30 September 2011

• Consolidated profit before tax of EUR 410 million after nine months
• Profitable business with private and corporate clients
• Operating result after nine months up more than four-fold over the previous year
• Heavy pressure exerted on earnings in the third quarter by severe turbulence in the financial markets
• Reduction in risk-weighted assets ahead of schedule, core capital ratio a solid 13.4 percent
• Restructuring progressing according to schedule

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LBBW Needs No “Fresh Money”

On the basis of discussed significantly higher future capital requirements (core Tier 1 ratio of 9%), Landesbank Baden- Wuerttemberg (LBBW) has calculated various scenarios against the background of its sovereign exposures.
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