Investitionsbank Berlin

Investitionsbank Berlin

Berlin office
Company type	State-owned enterprise
Industry	Financial services
Founded	1924 (1924)
Headquarters	Berlin , Germany
Key people	Dr. Axel Nawrath (Chairman of the administrative board) Dr. Hinrich Holm (Chairman of the management board), Angeliki Krisilion (member of the management board), Stephan Brandt (member of the management board)
Services	Development bank
Net income	18.3 million euros (2018)
Total assets	20.74 billion euros (2022)
Number of employees	850 (2022)
Website	www.ibb.de
Footnotes /references Company Profile 2018 [1]

The Investitionsbank Berlin (IBB) is a development bank and central promotional institute of the state of Berlin. ^[2] The aim of the funding is the Berlin economy and housing construction. ^{[3] [4] [5]}

The main task of IBB is business development of small and medium-sized enterprises (SME). With the monetary promotion offers, a comprehensive financing consultation and a management and business-oriented promotion and loan processing. The focus for IBB is innovative, technology-oriented companies based in Berlin. In addition, IBB offers financing for investors in the area of real estate promotion. ^[6]

History

• 1924: founded as Wohnungsfürsorgegesellschaft Berlin mbH to finance Berlin housing construction
• 1937: conversion to the housing loan institute of the capital city of Berlin (as a legal municipality)
• 1965: conversion to the Housing Loan Institute Berlin as a public institute. The Wohnungsbau-Kreditanstalt Berlin becomes a capital collection point for loans according to § 17 Berlin Promotion Act.
• 1993: conversion into the Investment Bank Berlin under expansion of the tasks on the economic promotion; Integration into Landesbank Berlin as an economically and organizationally independent department
• 2004: spin-off from the Landesbank Berlin and separation as Investment Bank Berlin, public institute with Anstaltslast and Refinanzierungsgarantie of Berlin

Significant investments

IBB is involved in numerous companies in order to fulfill its mandate as the central development bank of the state of Berlin. There are two groups, participations, which are held on behalf of the city, and participations, which are held in connection with promotional tasks.^{[ citation needed ]}

Held on behalf of the city

• Medienboard Berlin-Brandenburg GmbH
• Berlin Partner GmbH Berlin Tourism & Congress GmbH

Held in connection with promotional tasks

• IBB Beteiligungsgesellschaft mbH
• IBB Business Team GmbH

See also

• List of banks in Germany

References

• Banks portal

1. "Company Profile 2018" (PDF). Investitionsbank Berlin. 28 March 2019. Archived from the original (PDF) on 28 September 2019. Retrieved 28 September 2019.
2. Loke, Matthias (6 May 2015). "IBB: Förderprobleme bei der Berliner Investitionsbank" [IBB: Funding problems at the Berlin Investment Bank]. Berliner Zeitung (in German). Retrieved 2019-09-28.
3. "History". www.ibb.de. Retrieved 2018-11-26.
4. "Investment Bank Berlin (IBB)". ec.europa.eu. 2010-08-31. Retrieved 2018-11-26.
5. "Bloomberg -Diversified Financial Services - Company Overview of Investitionsbank Berlin". www.bloomberg.com. Retrieved 2019-01-01.
6. "Investitionsbank Berlin | IBB". www.youtube.com. Retrieved 2019-01-01.