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:
“We in the West do not refrain from childbirth because we are concerned about the population explosion or because we feel we cannot afford children, but because we do not like children.”
—Germaine Greer (b. 1939)
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