L-Bank (Germany)

The L-Bank is formally the State Development Agency of the southern German state of Baden-Württemberg (who also function as the bank's guarantee), and was built on the promotional component of the previous Landeskreditbank Baden-Württemberg. It is largely responsible for the growth of small and medium-sized businesses in that region.

It was founded in 1998 and is based in Karlsruhe. It also provides building and infrastructure finance options, collaborating with (rather than competing with) other commercial and savings banks in the area. It has also funded a number of technological centres in Stuttgart, Mannheim, and Tübingen. The L-Bank is also known for its significant collection of ancient instruments, as well as a vineyard in Karlsruhe and the Schloss Maurach, a Baroque castle near Birnau; in fact, its total assets were slightly over $79 billion as of January 2020.

Type: Public bank
Website: www.l-bank.de