Landesbank

The German banking system is split into three types of bank: public, private and co-operatively owned banks. Landesbanks are historically publicly owned banks, in that they are typically partly owned by the German state that they originate from and also by the Sparkassen of that state. Their main purposes include providing liquidity to savings banks, acting on the behalf of businesses within the state on the national and international financial markets, financing regional development and also acting on the Sparkassen´s behalf in the realms of investment banking.