L-Bank

SECTOR Agency
RATINGS  AA+/Aaa
RATING OUTLOOK Both stable
FUNDING VOLUME 2019/20  €5.7BN/€7BN 
RISK WEIGHT, LCR LEVEL, SOLVENCY II  0%, Level 1, 0% 
REPO ELIGIBILITY 

ECB, ECB PSPP, ECB PEPP, RBA, RBNZ

About L-Bank

L-Bank is the development agency of the German federal state of Baden-Württemberg. It is the second-largest of the German state development agencies, with total assets of €77.6 billion. The main goal of L-Bank is to implement economic and regional policy initiatives on behalf of the Baden-Württemberg state government in a competition-neutral way. The main areas of business are:

• Economic development via support for SMEs.
• Residential development.
• Helping families by granting benefits.
• Public-sector financing. Providing financial services to local municipalities within the federal state of Baden-Württemberg.
• Environmental and climate protection. Reducing CO2 emissions is a prime objective. L-Bank also supports municipal-level environmental-protection measures.
• Infrastructure development. L-Bank supports communities in enhancing their offerings with a variety of financing programmes. L-Bank offers interest-subsidised financing for municipal investors.
• Education. L-Bank offers tuition financing to ensure equal opportunities and enable all qualified young people in Baden- Württemberg to attend an institute of higher learning.
• Technology parks. L-Bank operates technology parks in selected university locations through its subsidiaries.

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE (all unsolicited)
ISS-oekom
MSCI ESG Research
imug
C Prime (2018)
A (2019)
B (positive) (2019)
Sustainable funding strategy

The basis of all L-Bank activities is the statutory public-service mandate set down in the L-Bank Act. The bank’s business activities are focused on the sustainable development of the bank and the state of Baden-Württemberg. For this purpose, sustainability aspects are embedded in L-Bank’s business strategy and a sustainability management system was introduced in 2013. At the same time, the state of Baden- Württemberg’s sustainability strategy acts as L-Bank’s guideline and frame of reference.

As all business activities of L-Bank have an environmental or social purpose, L-Bank considers all its bonds to be sustainable.

FOR FURTHER INFORMATION PLEASE CONTACT:

Sven Lautenschläger, International Funding Officer
+49 721 150 3626
This email address is being protected from spambots. You need JavaScript enabled to view it. 
www.l-bank.de/ir • www.l-bank.de