InvestitionsBank des Landes Brandenburg (ILB) was founded in March 1992 and is a development bank for the land of Brandenburg. The core business of ILB core business is to promote public and private investment projects in the areas of economy, infrastructure and housing. ILB supports commercial enterprises, entrepreneurs and professionals as well as the agricultural and media enterprises; finances infrastructure projects by municipalities, utility companies, municipal enterprises and social, scientific, educational and cultural institutions; promotes projects of municipal, cooperative and private housing sector as well as residential property.
In 2017 total assets of Investitionsbank des Landes Brandenburg were 13 533,36 mln EUR. In 2017 the bank's net income was 11,16 mln EUR.
Investitionsbank des Landes Brandenburg participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Investitionsbank des Landes Brandenburg is headquartered in Potsdam.
|Total Assets (2017)|
|13 533.36 mln EUR (+1.62%)|
In 2017 total assets of Investitionsbank des Landes Brandenburg were 13 533.36 mln EUR. Growth compared to the previous period (2016) was 1.62%. The evolution of the total assets of Investitionsbank des Landes Brandenburg is shown at Chart 1 below.
Chart 1. Total Assets of Investitionsbank des Landes Brandenburg.
|Net Income (2017)|
|11.16 mln EUR (+1.31%)|
In 2017 net income of Investitionsbank des Landes Brandenburg was 11.16 mln EUR. Growth compared to the previous period (2016) was 1.31%. The evolution of the net income of Investitionsbank des Landes Brandenburg is shown at Chart 2 below.
Chart 2. Net Income of Investitionsbank des Landes Brandenburg.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of Investitionsbank des Landes Brandenburg failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Investitionsbank des Landes Brandenburg and its components are shown in the table below.
|Bank BIC Code||ILBX|
|Country Code||DE (Germany)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Investitionsbank des Landes Brandenburg is shown in the table below.