Landesbank Berlin Holding (formerly Bankgesellschaft Berlin) (FWB: BEB2) is a large commercial bank based in Berlin and holding company of the following banks: Berliner Sparkasse and Landesbank Berlin.
In 2007 LBB was taken over by the German Federation of Savings Banks (DSGV). The Land Berlin was forced to sell its stake by the European Commission as a condition of permitting the bailout of the then Bankgesellschaft Berlin, which had got into difficulties due to a real-estate scandal.
In 2010 Landesbank reported pre-tax profits of €317m.
Famous quotes containing the words berlin and/or holding:
“Blue skies smiling at me
Nothing but blue skies do I see.”
—Irving Berlin (1888–1989)
“O, she walked unaware of her own increasing beauty
That was holding men’s thoughts from market or plough,”
—Patrick MacDonogh (1902–1961)