BayernLB - Factbook Munich, November 2020
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BayernLB – Factbook Munich, November 2020
Contents › History, management
and owners 3
› Business model 9
› Business areas 13
› Our subsidiaries 20
› Ratings 25
2
History, management and owners 3
The Bank’s history dates
back to 1884
Organisational
segregation takes
Several Bavarian savings place between the The
banks join together to Girozentrale and the Landeskulturrentenanstalt
form a clearing savings bank is renamed Bayerische
association association Landesbodenkreditanstalt
1914 1925 1949
1884 1917 1929 1972
On 1 July 1884, the In Nuremberg, an Bayerische On 1 July 1972,
newly founded independent office for Landesbausparkasse Bayerische
Bayerische the central clearing is founded Gemeindebank merges
Landeskulturrenten- unit is founded with Bayerische
anstalt opens for Landesboden-
business. This marks the kreditanstalt to become
start of a long corporate Bayerische Landesbank
history Girozentrale
4
Management
Stephan Winkelmeier Dr Edgar Zoller Marcus Kramer
CEO Deputy CEO Member of the Board of
Management
Michael Bücker Dr Markus Wiegelmann
Member of the Board of Member of the Board of
Management Management
5
Strong owners
Association of Bavarian Free State of Bavaria
Savings Banks
~ 25% ~ 75%
BAYERNLB HOLDING AG 100% state
100% guarantee
from the Free
State of
Bavaria
Institution established under public law
100%
1
1 A body established under public law which is a legally dependent part of BayernLB
6
Free State of Bavaria compares
well to its European neighbours AAA
Top ratings
2019 gross domestic product by country The Free State of Bavaria has the
highest ratings from Standard & Poor's
EUR bn
and Moody's – AAA/Aaa
3,436
2,523
EUR 633 bn
Gross domestic product
2,419
Bavaria accounted for 18.4% of
Germany's nominal gross domestic
1,788 product in 2019.
1,245
812
Bavaria
633 628
DAX 30
529 475 473 Bavaria – a state with a strong economy
399 359 347 Around 25% of all DAX 30 corporations
311 240
212 188
are in Bavaria. Bayern has one of the
strongest economies of all the German
states and is home to a large number of
Mittelstand companies.
Sources: BayernLB Research, Eurostat, German federal and state statistics offices, Datastream
7
Savings banks – major
customers and sales partners
Savings banks are the top financial
services providers throughout Bavaria
› 64 savings banks
› EUR 222.7 bn in total assets
› EUR 142.3 bn credit volume
› EUR 175.0 bn in customer deposits
› 36,621 employees and trainees
› 2,748 branches (incl. self service)
› 14.9 m savings, current and securities
accounts
As at: 31 December 2019
8
Business model 9
Our value proposition as the
BayernLB bank of the future:
1. As a streamlined, specialised bank we are the reliable innovation
partner for companies in high-growth business sectors of the
future in particular in Bavaria and Germany, and support our
corporate customers sustainably and for the long term with in-depth
expertise
2. In real estate financing, we use our specialist knowledge and
network to support our customers throughout the entire value chain
in Germany and other selected markets
3. We are the central bank for the Bavarian savings banks and the
main bank for the Free State of Bavaria
4. As a tech bank, DKB provides its customers with an excellent client
experience and outstanding digital solutions
5. Our asset management companies Real I.S. and BayernInvest
enable our customers to choose from a wide variety of sustainable
investments
10Our structure: three strong segments
Corporates & Markets Real Estate & Savings Banks/FI DKB
Specialised bank for the German Competent and sustainable real estate Inspire customers as a tech bank
economy’s challenges of tomorrow lender and service provider/central bank and sustainable partner
to the Bavarian savings banks (“Geldverbesserer” slogan, or “your
and partner to the public sector/FI money can do more”)
› Strong roots and extensive sector know-how › Operationally sound, financially robust and › Significant customer growth from
to systematically serve the entire value chain strategically well positioned 4 m to 8 m customers planned
of Mittelstand companies and large › International network with a presence in NY, › Tech bank of tomorrow: digital
corporations London, Milan and Paris companion for retail customers
› Leading sector expertise in five innovative › Positioning of Real I.S. as a key real estate › Regionally rooted partner to local
sectors of the future: energy, mobility, fund manager authorities and companies in
technology, mechanical engineering, and › BayernLabo: subsidised housing and selected growth industries
construction and basic materials municipal lending for Bavaria › Sector-specific solutions for
› Substantial product competence in structured › Savings banks as major customers and payments, investment products,
and asset-based finance in addition to the strategic sales partners and investment and company-
traditional lending business oriented lending
› Close cooperation in the subsidised loan
› A high level of expertise in capital market business and leading position in foreign › Strong partner for sustainability
issues, in particular a leading position in notes, coins and precious metals issues
Schuldscheins and Pfandbriefs
› Comprehensive support for the public sector
› Concentration on selected treasury products and financial institutions
› Asset management via BayernInvest
11We are there for you
at home in Bavaria and abroad
Germany
Munich
Nuremberg
Stuttgart
Frankfurt
Dusseldorf
Hamburg
Berlin
Leipzig
Foreign Representative office Munich head office
branches: Moscow
London
Milan German Centres
Paris Shanghai
New York Taicang
Support for your international activities thanks to around
1,100 correspondent banks in 100 countries
12Business areas 13
Specialised lender with in-depth expertise in
future-oriented sectors
Firmly anchored in Germany’s future-oriented sectors
Energy – the Bank has successfully supported the energy
transition for many years and has exceptional expertise in key
technologies for producing renewable energy
Mobility – leader in rail and aviation with asset know-how and
knowledge of all the participants in the ecosystems
Technology – long-standing customer relationships with top
technology companies in Germany and abroad
Mechanical and plant engineering – broad customer base
ranging from family-run Mittelstand companies to global
international corporations
Construction and basic materials – strong network of
prestigious market participants and leading research and
educational institutions
› First-rate lender for rolling stock (rail passenger transport)
› Leader in innovative and forward-looking financing solutions
› International network of banks
› Top specialised lender, especially for social, infrastructure and transportation
14 projectsBundled expertise for Mittelstand and Corporates
Corporate financing with vision
That is BayernLB’s approach to serving our German and
selected international corporates.
This means long-term partnerships based on an extensive
understanding of the respective markets and sectors,
structuring know-how and capital markets expertise.
Customers appreciate our holistic solutions for balance sheet,
risk and liquidity management.
› We have expertise in meeting complex requirements in the
form of acquisition, bridge and major investment financing
› We work fast and unbureaucratically, thanks to flat
hierarchies and key decision-making powers at all levels
› Our top management is on hand to talk to our customers
› High penetration in the Corporates and large Mittelstand segments
› A top 5 bank in Germany for syndicated loans to corporate customers
15Global structured & trade finance: modern
structured finance products
Leader in structured asset finance
Exceptional structuring expertise providing financial solutions for
corporates, leasing and project companies, institutional
customers and financial investors.
Delivered by our asset finance, leveraged buyout, leasing,
securitisation, trade & export and project financing product units.
› Proven expertise and strong positioning in project finance in
the renewable energy sector
› “Corelux” funding platform based in the EU for securitising
client receivables
› Top 6 debt provider for global renewables
› Top 3 LBO lender in the German Mittelstand
› Top 3 financing volume for securitisation in Germany
16Real Estate – 360° real estate expertise
› Together with our subsidiaries, we offer a seamless range
of services along the entire value chain
› Approx. EUR 2.4 bn new business in addition to
approx. EUR 1.2 bn renewals concluded in first half of
2020
› Operationally sound, financially robust and strategically
well positioned
With our specialist knowledge we guide our customers in established asset
classes throughout the entire value-added chain in Germany and other selected
markets.
17Savings Banks & Financial Institutions –
well connected in the Savings Banks Finance
Group
Central bank and no. 1 Top provider of foreign Exclusive service provider Global support for insurers, Powerful partner
partner to the Bavarian notes & coins and for the Bavarian savings banks and institutional to the public sector
savings banks precious metals in the banks in subsidised loans customers
Savings Banks Finance
Group
› We assist the savings banks with know-how and innovative power, offering them an
extensive range of products and services that meets the needs of their proprietary and
customer business
› As a strong partner to public-sector and municipal customers and public institutions,
BayernLB offers a wide range of products with tailor-made solutions for their financing and
investment plans
› Strong network of correspondent banks to support savings banks and corporate customers
18Financial Markets – streamlined Capital Market
business for our customers
› Debt Capital Markets
As a leading arranger BayernLB structures bonds according to the needs of the issuer and investor. BayernLB enjoys excellent
rankings in Corporate Bond and Pfandbrief league tables.
Access to a broad and diversified investor pool – and to the savings bank network – coupled with secondary market expertise is
the key to our success.
› Structured customer solutions with added value
We support project financing plus structuring and placement solutions in the capital market.
› Central bank function for savings banks
The BayernLB Group offers a focused range of products in its role as central bank to the Bavarian savings banks.
› Money market/interest rate and currency products
Money market and repo transactions, along with interest rate and currency products, top off our services for all BayernLB
customer groups.
› Four “Deal of the Year” awards in 2019, three of which for ESG bonds
› Top rankings in Corporate Schuldschein and Pfandbrief league tables
› Close interplay between the capital markets and project financings
› Broad range of money market, interest rate and currency products/services
19Our subsidiaries 20
DKB –
retail pillar of the BayernLB Group
DKB – Das kann Bank DKB Group IFRS financial statements 30 June 2020
Our products and services lead the market and are renowned
Total assets EUR 97.7 bn
for their fair prices.
We provide an intelligent banking experience based on the Equity EUR 3.7 bn
latest technology. Our retail customers carry out their daily Liabilities to customers EUR 65.4 bn
banking transactions conveniently and securely online. Our
Net interest income EUR 477.6 m
business customers are served personally on location by our
sector experts. Profit/loss before taxes EUR 118.0 m
RoE 7.4%
› Approx. 4.5 m retail customers
› Germany’s second largest online bank
› The most sustainable of Germany’s top 20 banks (e.g. social
bond for retail customers, sustainability funds and the crowd
investing platform DKB-Crowd)
› In business with corporate and infrastructure customers, the
focus is on sectors with long-term growth potential in
Germany
› Financing partner for more than 4,000 municipalities,
administrative districts and municipal associations
Convenient and secure – DKB business customers –
DKB’s internet banking personal service
21BayernLabo –
development bank of the BayernLB Group
Subsidised housing and municipal lending for Bavaria 31 December 2019
BayernLabo has the legal mandate to promote social housing
Total assets EUR 18.0 bn
and municipal construction in Bavaria. In addition, BayernLabo
issues government and municipal loans in Bavaria. Own funds EUR 2.8 bn
CIR 48%
› The Free State of Bavaria is liable for all the liabilities assumed
Employees 219 FTE
by BayernLabo
› BayernLabo has a Aaa rating from Moody’s
› Solva 0 status
› LCR status level 1
› No bail-in risk
Aaa
BayernLabo’s rating
from Moody’s
BayernLabo –
a sustainably good company
22BayernInvest –
asset manager and Master-KVG
Sustainably. Shaping. The Future 30 June 2020
› Positioned among the top 10 in Germany Assets under management EUR 83.6 bn
for years
Mandates 469
› 360 degree full-service provider
Employees 199
› 30 years of expertise
› Around 200 employees with offices
in Munich and Luxembourg
Asset management www.bayerninvest.de
› Special and retail funds for professional investors
› Bonds, equities and multi-asset mandates, index-based
investments
› Sustainable, LCR-optimised investment strategies
Master-KVG
› Analysis of investment forms, Master-KVG structuring,
fund administration
› Individual solutions for the entire
back and mid office
› Fulfilment of regulatory requirements
23Real I.S. – real estate investments
and asset management worldwide
Leading the market in real estate investments, 31 December 2019
Scope Management rating AA+ very high quality
Assets under management EUR 9.2 bn
Real I.S. Group is one of the leading German providers of
real estate investments for institutional and private Managed real estate EUR 8.3 bn
investors. It manages real estate worth around EUR 8.3 bn Equity raised EUR 901 m
in ten countries around the world and has offices at six
Transactions (buying and selling) EUR 1.8 bn
locations in Europe and Australia.
Investments are currently focused on Germany, the Occupancy rate 96.4%
Netherlands, Spain, France and Australia.
For more information see www.realisag.de.
24Ratings 25
Ratings
Fitch Ratings Moody's
Issuer rating A- (negative) Aa3 (stable)
Long-term, preferred senior unsecured A Aa3 (stable)
Long-term, non-preferred senior unsecured A- A2
Short term, unsecured F1 P-1
Public Pfandbriefs AAA Aaa
Mortgage Pfandbriefs – Aaa
Long-term, Derivative Counterparty/Counterparty Risk Assessment (CRA) A (dcr) Aa3 (cr)
Long-term, Counterparty Risk Rating (CRR) – Aa3
Short-term, Counterparty Risk Assessment (CRA)/Counterparty Risk Rating (CRR) – P-1 (cr)/P-1
Long-term, deposits A Aa3 (stable)
Short-term, deposits F1 P-1
Profit participation rights – Baa3
Subordinated bonds BB+ Baa2
Viability Rating/Baseline Credit Assessment bbb baa2
26Above-average sustainability ratings overall
ISS ESG
(formerly imug (German partner of VigeoEiris) Sustainalytics MSCI
oekom)
Rating C+ 48.69% 68 points AA
Unsecured Public Mortgage
Ranking/investment bonds: Pfandbriefs: Pfandbriefs: Above sector
“Prime” 77 out of 340
status “neutral” “positive” “positive” average
(CCC) (BBB) (BB)
Sector average D 50.99% 60 points A
Rating range A+ to D- 0 to 100% 0 to 100 points AAA-CCC
Universe:
252 MSCI ACWI
Benchmark financials/public 24 savings banks 340 banks index
& regional banks constituents,
banks, n=200
Date 01/2020 03/2020 06/2019 10/2020
27Focus on sustainability:
top ratings from ISS-oekom
In global top 10
BayernLB is one of the top 10 banks in the
world (7th place of 252)
Prime status
held by BayernLB Group since 2006
Industry leader
DKB and BayernLabo ranked top in their
sectors once again
D- D D+ C- C C+ B-
Prime
28Contact Volker Karioth Senior manager volker.karioth@bayernlb.de +49 89 2171 23441 29
Disclaimer The information in this presentation constitutes neither an offer nor an invitation to subscribe to or purchase securities or a recommendation to buy. It is solely intended for informational purposes and does not serve as a basis for any kind of obligation, contractual or otherwise. Rounding differences may occur in the presentation. 30
www.bayernlb.com
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