Deficiencies in the state development bank call Bafin to plan

Dusseldorf The Landeskreditbank Baden-Württemberg, L-Bank for short, is apparently facing a special audit by the Bafin. The Handelsblatt learned this from circles familiar with the events. The background to this are deficiencies in the IT and IT compliance structures at the Karlsruhe-based state development institute, which currently ranks 15th in the list of the largest banks in Germany with total assets of almost 90 billion euros.

In addition, the Bafin has asked the bank – separately from the possible upcoming special audit – to build up more equity. Instead of the previous eight percent, the development bank is now to hold twelve percent. This emerges from a notification that is available to the Handelsblatt.