Landesbanken: Free State probably increases share in BayernLB economy

The EU banking supervisory authority is putting the state banks in Hesse and Bavaria under pressure. This could increase the Free State’s share in BayernLB. How exactly is unclear. The Greens demand transparency.

The Free State of Bavaria is likely to increase its influence over BayernLB – a good fifteen years after rescuing the Landesbank during the financial crisis. According to a report from the specialist service Platov The Free State’s share in BayernLB may rise from 75 to around 80 percent. The share of the Bavarian savings banks would probably fall from 25 to around 20 percent. Neither the Ministry of Finance nor the bank or savings banks wanted to comment. An insider said that “we are in intensive discussions about it.”

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