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Landesbank

In German-speaking jurisdictions, Landesbank (plural ), , refers to a category of public sector banks that are owned by one or more of the Länder (federated internally self-governing states). Institutions of this type exist in most German states, as well as Austria and Switzerland.

Austria-Hungary

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

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

Germany

The current 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 (). With a few exceptions, Landesbanken and Sparkassen are chartered by national and state banking laws to pursue a public purpose (). As of late 2022, they are:

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

Liechtenstein

The German name of the National Bank of Liechtenstein is .

See also

References

External links

  • http://www.faz.net (Bilanzsummen minus 1.809.100.000.000 Euro) (Stand September 2010) (Schuldenbremse Grundgesetz)