WestLB
From Wikipedia, the free encyclopedia
WestLB AG is a universal bank based in Düsseldorf, Germany which is partly owned by the German state of North Rhine-Westphalia. The bank was incorporated on January 1, 1969. Total assets of the group are €292.1bn as of September 30, 2006 with operations spread over Europe, The Americas and Asia, including significant investment banking operations in New York, London, Luxembourg, Tokyo and Hong Kong.
WestLB is also the central institution for savings banks in North Rhine-Westphalia. On August 30, 2002 WestLB was transformed into a joint stock company (AG) and on July 19, 2005 institutional liability and guarantor liability was abolished, allowing the company to concentrate on commercial operations.
