West LB

West LB

WestLB AG - derived from Westdeutsche Landesbank, i.e. Western German state Bank - was a European commercial bank based in Düsseldorf in Germany which was partly owned by the German state of North Rhine-Westphalia. German state banks are a group of state owned banks unique to Germany. They are regionally organised and their business is predominantly wholesale banking. As of 30 June 2012 WestLB was downsized and Portigon Financial Services AG became the legal successor of WestLB.

Read more about West LB:  History, Stockholders

Famous quotes containing the word west:

    “But beauty vanishes; beauty passes;
    However rare—rare it be;
    And when I crumble, who will remember
    This lady of the West Country?”
    —Walter De La Mare (1873–1956)