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authors

Patrick Steeg

Patrick is Head of Asset Liability Management at LBBW.

Short profile of LBBW:

Landesbank Baden-Württemberg (LBBW) is both a Mittelstands-minded universal bank and the central bank of the savings banks in Baden-Württemberg, Saxony and Rhineland-Palatinate. With total assets of EUR 257 billion and 10,000 employees (as of 31 Dec. 2019), LBBW is one of the largest banks in Germany. Its core activities are the business with corporate customers, in particular small and medium-sized enterprises and the private customer business, as well as savings banks. A further focus is placed on real-estate financing as well as the customer-oriented capital market business with banks, savings banks and institutional investors. Together with its regional customer bank Baden-Württembergische Bank (BW Bank) LBBW services its private and corporate customers in about 150 offices in Germany – for many of these customers, they have been the main banker for many years. For small and medium-sized companies, the support in opening up international markets plays an important role in addition to the expertise in innovative and complex financings. Therefore LBBW has 17 international offices in 16 countries worldwide. Specialised subsidiaries such as leasing, factoring, real estate, venture capital or asset management round out the product and service range of LBBW group.

by Patrick Steeg