commiss decis februari restructur aid implement germani bankgesellschaft berlin ag notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof regard council regul ec march lai detail rule applic articl ec treati articl thereof call member state interest parti submit comment regard comment procedur approv rescu aid bankgesellschaft berlin ag bgb quot bank quot commiss decis juli notif germani restructur plan januari commiss inform germani letter april decis initi procedur laid articl ec treati respect restructur aid june germani request extens deadlin repli grant german repres met repres commiss germani submit observ addit document inform juli commiss germani request inform publish decis initi procedur offici journal european commun commiss call interest parti submit comment juli extend deadlin juli receiv observ competitor interest parti request ident remain confidenti august observ forward germani comment germani comment receiv extens deadlin septemb respons commiss request germani suppli inform notifi aid measur letter date septemb novemb decemb februari march commiss inform stage reach restructur process number meet repres germani land berlin bgb meet held march germani inform commiss reason previou dai failur call bid view privatis bankgesellschaft berlin ag intern public tender launch back march inform point suppli balanc sheet profit loss account commiss made request inform april answer june inform discuss letter juli meet repres germani land berlin bgb place april april juli juli commiss ask audit firm mazar revis amp treuhandgesellschaft mbh wirtschaftsprüfungsgesellschaft düsseldorf consult analys aspect restructur plan conclus discuss germani octob final report present germani novemb octob compensatori measur discuss partli presenc repres bank novemb commiss inform germani measur contempl gave bank opportun comment financi implic bank discuss decemb decemb agre germani give commiss undertak divest berlin bank separ octob sale effect februari privatis group decemb divest measur germani submit commiss januari revis restructur plan account recommend commiss consult februari commit relat revis restructur plan ii descript aid bgb bgb hold compani own bgb group form amalgam credit institut control land berlin bgb busi credit institut bgb group balanc sheet total eur billion eur billion eur billion put tenth place german bank twelfth place emploi peopl purpos bank law kreditwesengesetz core capit ratio end total capit ratio end core capit ratio total capit ratio june rescu aid approv core capit ratio fallen total capit ratio capit inject august land berlin held share bgb sharehold norddeutsch landesbank nordlb gothaer finanzhold ag equiti dispers ownership largest subsidiari divis bgb group likewis engag bank landesbank berlin lbb berlin hannoversch hypothekenbank ag berlinhyp lbb institut establish public law bgb atyp undisclos hold atypisch still beteiligung profit loss transfer agreement mean econom term bgb deem lbb sole owner berlinhyp engag real estat financ bgb own equiti group includ ibag immobilien und beteiligungen aktiengesellschaft ibag oper real estat servic busi previous handl immobilien und baumanag der bankgesellschaft berlin gmbh ibg directli indirectli bgb control control domest foreign firm weberbank allgemein privatkundenbank ag allbank sold bgb ireland bgb uk bg polska retail inteligo internet busi sold liquid remain shell begun czech bank zivnostenska banka sold bgb core busi retail bank privat corpor custom trade name berlin sparkass berlin bank legal independ subsidiari brand branch juli berlin bank belong lbb berlin sparkass corpor client small medium size enterpris region retail bank real estat financ real estat servic bgb subsidiari oper capit market monei secur deal segment run drastic cut back larg custom intern segment project export financ public sector segment lend invest bank busi compris limit share bond issu plai independ role futur geograph bgb busi concentr berlin area land brandenburg retail bank concern oper countrywid real estat financ internation capit market berlin area bgb market leader retail bank share individu segment rang term giro account held privat custom estim market share penetr term nationwid real estat financ mortgag lend inform suppli notif bgb market share put place recent inform rank high fallen back meantim decemb bgb portfolio mortgag amount eur billion germani rest relat real estat financ abroad line busi bgb lead bank insid germani internation precis figur market segment share difficulti bgb publicli emerg origin place real estat servic real estat financ import compon real estat servic provid bgb subsidiari ibg real estat fund project develop build work ibg set begin subsidiari lbb half sharehold bgb berlin bank ag lbb berlinhyp berlin bank ag merg bgb ag bgb ag inherit berlin bank share ibg ownership structur bgb lbb berlinhyp prior ibg set increas volum real estat fund investor fund extens guarante long term guarante rent dividend renew order set fund properti acquir built guarante base expect properti valu high rise meant risk accumul price rent fact drop berlin länder problem began emerg bgb consid sell ibg main busi decemb bulk ibg busi transfer newli set ibag except quot quot risk liabil occas ibg subsidiari transfer newli set lpfv finanzbeteiligung und verwaltung gmbh lpfv plan sell ibag ibag lpfv wholli own subsidiari bgb ibg peripher line busi problem aris period concern real estat financ carri berlinhyp lbb bgb compris grant loan financ larg properti project commerci project grant mortgag loan financ privat hous fall retail bank busi properti market slacken increas difficulti real estat financ result level risk provis adequ half bgb found acut difficulti main loan default real estat financ guarante oblig ibg ibag lpfv fall due fund busi provis eur billion set end adjust build project progress increas risk provis real estat financ bgb fund ratio fell requir law shortfal need made reach core capit ratio return fund ratio obtain crisi estim time eur million land berlin issu declar intent guarante capit inject commiss authoris aid rescu aid august bgb receiv capit inject eur million eur million land berlin eur million nordlb eur million parion gothaer finanzhold ag eur million small sharehold month risk identifi real estat servic oper ibag ibg lpfv danger bgb capit fall requir minimum solvenc ratio risk aros guarante oblig real estat fund busi sink properti bought view set fund reserv properti inform suppli germani interlock profit loss transfer agreement guarante loan group made bgb liabl bulk risk novemb feder credit busi supervisori offic bundesaufsichtsamt für da kreditwesen quot bakr quot threaten bgb temporari closur measur provis risk end decemb land berlin bgb lbb berlinhyp ibag ibg lpfv conclud agreement principl cover risk mean comprehens guarante agreement principl replac detail agreement final conclud april guarante assum agreement quot risk shield quot risikoabschirmung detail restructur aid aid measur form part restructur plan initi submit januari revis investig procedur recent januari plan substanti reduct bgb group busi concentr privat corpor custom berlin area capit market busi real estat financ continu smaller scale paragraph seq area larg custom intern busi includ structur financ merger acquisit consult wound public sector busi cut back drastic initi real estat servic continu earli stage procedur germani undertook area hive transfer land berlin paragraph view reduc bgb larg share berlin retail market germani undertaken sell berlin bank separ mention land berlin share bgb sold commiss receiv commit effect part privatis bgb berlinhyp sold bgb separ paragraph ibb cut ti bgb ibb special reserv capit wohnungsbau kreditanstalt wbk transfer lbb repaid land berlin result core capit ratio total capit ratio refer date januari paragraph capit inject compon restructur aid notifi januari capit inject eur million grant land berlin rescu aid august authoris commiss juli bgb retain amount restructur aid risk shield compon restructur aid quot risk shield quot refer agre principl decemb land berlin bgb lbb berlinhyp ibag ibg lpfv subsequ modifi supplement supersed detail agreement conclud april risk shield compris guarante land berlin year order cover risk aris real estat servic busi carri subsidiari ibag ibg lpfv loan guarante bgb lbb berlinhyp guarante contractu interest capit repay loan grant ibag ibg subsidiari compani decemb compani loan concern list exhaust annex detail agreement lai restrict respect loan number express exclus claus neg list book guarante ibag ibg compani group primarili direct indirect subsidiari ibag ibg guarante individu asset enter relev audit balanc sheet except design item intang asset cash balanc bundesbank credit institut prepay defer incom rechnungsabgrenzungsposten book guarante likewis subject restrict exclus neg list perform oblig lpfv lpfv indemnifi respect oblig aris earlier real estat busi ibg previou subsidiari bavaria arwobau immobilien beteiligungsvertriebsgesellschaft der bankgesellschaft berlin gmbh quot ibv quot lpfv liabl eur million oblig land appli oblig respect fund newli set decemb respect ibag busi detail agreement bgb indemnifi respect guarante bgb indemnifi respect oblig aris guarante gave decemb transact enter ibg ibv bavaria preced indemn appli oblig respect fund set decemb respect ibag busi detail agreement articl detail agreement set maximum liabil incur land berlin result oblig eur billion state theoret nomin risk cover adjust duplic agreement principl ceil set eur billion guarante list cover risk articl explain creditor put forward claim rent guarante land liabl perform oblig lpfv indemn bgb respect guarante detail agreement state case land liabl theoret ceil adjust duplic reduc eur billion provision calcul submit germani largest item eur billion figur perform oblig lpfv amount eur compris eur indemnifi lpfv respect liabil aris rent dividend guarante eur indemnifi respect risk aris renew guarante build theoret ceil base assumpt risk fact materialis full indemn lpfv respect rent guarante ceil eur mean rent remain unpaid indemn lpfv respect renew guarante eur build replac entireti pessimist assumpt rent default demolit reconstruct build concern realist articl state inform care examin main econom risk probabl rate put substanti lower real risk estim eur billion case scenario eur billion base case scenario eur billion worst case scenario assumpt estim base commun procedur paragraph order minimis liabil aris guarante detail agreement land entrust contract manag detail agreement wholli partli parti land avail possibl set compani wholli own bcia berlin gesellschaft zum control der immobilien altrisiken mbh conduct busi land behalf januari detail agreement guarante commiss fortun claus year land receiv bgb annual fix guarante commiss eur million inclus adapt remain durat risk shield mutual agreement parti month financi year bgb achiev capit ratio core capit ratio bgb pai annual profit land berlin law empow land govern issu guarante share bgb held land berlin sold rapidli term fair land part reorganis bgb ownership structur investitionsbank berlin ibb ti bgb cut leav separ develop bank establish public law agreement treatment claim repay brought land berlin aris investig procedur initi commiss respect landesbank berlin girozentral decis initi procedur present case commiss drew attent import fact account initi restructur plan end wohnungsbau kreditanstalt wbk transfer lbb asset time wbk function transfer newli set ibb transfer increas lbb fund dem billion onward lbb paid remuner amount commiss doubt remuner compat principl investor oper market economi initi investig procedur juli commiss conclud remuner paid compat principl market economi investor test compat laid treati met differ remuner paid ordinari market return invest constitut state aid incompat common market repaid lbb land berlin possibl repay requir constitut substanti threat prospect restor profit restructur plan decis initi procedur commiss ask germani identifi solut note germani work solut meet agreement conclud land berlin bgb decemb entitl quot agreement treatment claim repay brought land berlin aris state aid case landesbank berlin girozentral examin european commiss quot repay agreement agreement land berlin undertak event commiss decis requir repay provid contribut lbb capit reorganis grant prevent threaten repay requir forc lbb bgb group fall minimum capit ratio agreement minimum ratio repay agreement total capit ratio core capit ratio agreement subject suspensori condit commiss approv aid measur time decis initi procedur risk aris repay decis commiss mention decis factor account repay agreement final conclud order account misgiv measur essenti success restructur plan commiss consid assess agreement aid measur set upper limit respect ground initi procedur decis initi formal investig procedur laid articl ec treati commiss provision classifi measur examin state aid mean articl ec treati articl eea agreement grant state resourc improv recipi financi posit affect econom posit competitor member state distort threaten distort competit affect trade member state basi provision assess commiss conclud aid assess light commun guidelin state aid rescu restructur firm difficulti quot guidelin quot provis treati commun guidelin render aid compat agre germani bgb firm difficulti mean paragraph guidelin doubt aid measur compat common market restor long term viabil paragraph guidelin state case individu aid measur commiss examin restructur plan establish capabl restor long term viabil firm reason timescal basi reason assumpt commiss view restructur plan initi submit explan futur strategi market invest bank futur strategi real estat busi want detail specif differ cost liquid continu oper real estat servic subsidiari ibag commiss doubt market assumpt initi restructur plan forecast suppli demand suffici precis conclus drawn prospect success restructur measur propos difficult market assumpt restructur measur base commiss found inform suppli germani regard firm difficulti past superfici cite bad loan issu extens guarante real estat fund late introduct slow implement systemat risk control inform suppli essenti summari financi difficulti real reason difficulti put forward ineffect group manag structur includ lack effect system risk control depth analysi structur specif manag shortcom implic state ownership commiss view analysi kind proper assess prospect restructur bgb doubt bgb difficulti properli identifi address restructur plan ask germani provid depth analysi past shortcom futur prospect problem context group structur manag supervisori method control report pattern techniqu introduct commerci base decis make process germani spoke negoti potenti buyer view privatis gave detail procedur envisag term sale relev factor commiss wonder privatis part consid privatis place conduct mean open transpar discriminatori procedur initi notif refer target profit commiss doubt reach problemat institut manag structur group unclear market assumpt restructur measur base continu problemat real estat busi profit achiev commiss doubt return capit invest compat principl market economi investor commiss drew attent fact possibl claim repay result lbb case repres substanti risk prospect success restructur plan decis initi procedur call germani solut avoid undu distort competit except laid articl ec treati subject condit aid advers affect trade condit extent contrari common interest paragraph guidelin state measur mitig advers effect aid competitor condit involv limit reduc compani presenc relev product market sell product capac subsidiari reduc activ limit reduct proport distort effect aid rel import firm market market compensatori measur origin propos divest major sharehold reduct financi servic debt financ real estat busi number subsidiari staff lend public author give branch busi larg foreign custom impos order reduc bgb balanc sheet total eur billion eur billion descript compensatori measur vagu part individu contribut desir effect bgb asset employ situat commiss posit assess entir effect realist achiev measur affect bgb futur posit market segment defin germani need detail inform effect measur bgb asset employ situat futur market segment posit reduct eur billion balanc sheet total achiev full commiss question suffici view larg amount aid practic previou decis restructur aid bank connect commiss suggest legal minimum capit requir serv guid assess appropri compensatori measur bank undercapitalis reduc activ undercapitalis eur billion legal minimum capit ratio requir theoret reduct risk adjust asset eur billion quot opportun reduct quot serv rough guid degre market distort compensatori measur requir approach eur billion capit inject land berlin summer correspond theoret asset reduct eur billion commiss point guid appli quot mechan quot subject discret order account specif circumst factor import surviv viabil bank risk discov capit inject solvenc ratio threaten insuffici order avoid capit inject land berlin opt solut gener guarante mean risk shield result guarante effect similar capit inject problem risk shield amount aid ultim grant clear nomin theoret maximum articl detail agreement eur billion multipl coverag maximum eur billion nomin assum full materialis risk reason prudenc commiss work limit eur billion amount call proport basi establish compensatori measur commiss unabl assess propos compensatori measur suffici view amount aid doubt case scenario aid eur billion addit capit inject compensatori measur suffic light rough guid experi restructur case shown case scenario rare commiss state bgb extrem strong market posit retail bank local region level account final assess appropri compensatori measur absenc suffici inform commiss estim effect reduct measur individu market segment plan reduct retail corpor bank divest weberbank allbank modest possibl insuffici mitig distort effect aid view fact bgb appear kei player real estat market commiss wonder reduct plan connect suffici summaris commiss lack import inform need proper suffici assess effect propos compensatori measur basi fact doubt plan reduct measur suffic mitig distort effect larg amount aid exact amount ceil establish bgb strong local region market posit retail sector account aid limit minimum paragraph guidelin aid limit strict minimum need enabl restructur undertaken avoid provid compani surplu cash aggress market distort activ expand guidelin state aid beneficiari expect make signific contribut restructur plan resourc includ sale asset essenti firm surviv basi inform commiss posit assess accur aid amount clear repres strict minimum risk restructur overst measur rule multipl risk coverag commiss question provision authoris rescu aid core capit ratio fund ratio target onward core capit ratio fund ratio firm surviv includ solid rate rate agenc context doubt bgb contribut sale asset subsidiari essenti firm long term viabil met quot signific contribut quot requir view larg volum aid grant case scenario strong posit bgb subsidiari merg entiti market segment question larger subsidiari asset divest viewpoint compensatori measur contribut addit taxpay monei iii comment germani germani submit comment initi state aid procedur basi restructur plan time essenti appli summer form basi advis report commiss commiss request subsequ provid inform addit origin restructur plan point kei import commiss decis restor firm long term viabil invest bank futur longer strateg focu target product capit market busi concentr field high yield potenti custom busi share interest credit product lesser extent account busi diminish import differ cost wind continu activ ibag greater detail total cost wind compris oper liquid cost eur balanc sheet shortfal determin mock consolid balanc sheet produc scenario case real case worst case give figur eur eur eur firm hand cost period depend scenario amount eur eur real case scenario eur wind ibag oppos continu activ depend scenario involv addit cost eur eur wind firm forgo annual posit profit contribut eur market assumpt real estat fund busi explain greater detail inform central associ german construct industri contract slightli volum construct output germani close stagnat residenti construct turnaround declin contract fall greater eastern western länder ow surplu suppli accommod commerci construct slight increas firm bavaria capac turnov forecast adjust target orient adopt futur bavaria focu residenti commerci construct top end market view strong region differenti residenti develop region hamburg munich stuttgart rhine main western germani fund busi close fund segment expect grow significantli futur declin real estat fund continu plai kei role close place volum altern form invest yield risk fix interest secur share ibv fund launch premium commerci build accompani significantli reduc guarante higher qualiti real estat improv yield secur event busi cut half market assumpt retail sector germani explain berlin conurb bank branch look inhabit averag significantli averag germani surplu branch berlin expect number drop come year account channel call centr internet plan sustain improv profit retail sector address cost yield kei measur lower cost includ reduc branch current profit region coverag estim cost closur merger aim increas princip custom account branch berlin sparkass berlin bank end compar averag custom case direct competitor berlin save result replac cost intens tradit cash desk facil modern facil save staff incom increas realloc advic capac bring attract custom group pure transact busi place increasingli onlin servic facil branch focu custom advic forecast increas demand retail sector base inform landeszentralbank berlin broker report assess feder statist offic recent year bgb market posit individu segment local region retail sector germani suppli correct figur show lower volum base market share rang berlin paragraph seq growth forecast berlin structur weak region lag nation averag germani explain market share retail deposit sector bgb domin posit berlin retail market competit custom move bank signific cost effort save overrepres bgb underrepres compar market penetr sophist form invest time deposit save bond secur deposit account complex product insur account overwhelmingli low incom custom market assumpt corpor bank base thing broker report assess feder statist offic target portfolio manag relat exclus risk bear loan introduct risk gear price focus busi core segment commerci custom region corpor bank lead slight drop volum loan eur eur averag market growth berlin period reduct risk asset order avoid high cluster risk larg corpor custom segment turnov eur million berlin reduct eur volum deposit corpor custom expect target reduct larg volum credit busi cross sell remain constant region local corpor segment germani suppli figur adjust show market share berlin paragraph seq averag annual growth rate assum berlin profit significantli increas optimis market servic process introduct standard product number locat reduc custom segment improv contribut margin result rearrang berlin bank berlin sparkass price model standardis increas lower limit exhaust cross sell potenti greater divis labour account manag led troubl real estat loan provis guarante real estat fund sector mention notif extrem optimist expect rise properti berlin länder unif germani basi expect bgb grant larg number commerci real estat loan period prior set increasingli larg real estat fund extens guarante begin real estat crisi late valuat adjust liabil reserv sore need account incomplet implement earli warn system identifi risk group inadequ risk analysi division level risk suffici recognis result countermeasur earli instig group execut board auditor basi bakr special audit audit conduct stricter criteria requir updat numer real estat data establish audit form practic implement earli warn system meet legal requir divis brought bgb roof land berlin sharehold want creat strateg entiti synergi effect set standardis institut bank law forgo pursuant section law quot berlin sparkass quot berlinhyp mortgag bond privileg absenc singl manag feasibl compani law meant group wide risk manag introduc stage technic constraint delai establish adequ data qualiti risk manag receiv support compil risk relev data manual potenti subject error incomplet characteris long lead time intern rate procedur valid statist method introduct effici risk monitor data bank system end constitut oper guarante futur problem identifi correct time activ entir group relev credit risk term consolid risk regist data bank data form basi limit manag system assess credit risk risk potenti subject limit inform platform dai basi credit risk assess basi credit risk report develop execut supervisori board rate procedur complet rework cooper dsgv german landesbanken extens exchang manageri staff reduct area help improv risk control simplifi group manag structur introduc effici control system involv thing structur improv area corpor govern risk control control manag real estat servic subsidiari align infrastructur structur bgb futur cover wholesal real estat financ activ centralis staff landesbank berlin combin market activ includ entir corpor privat retail segment except wholesal busi commerci real estat financ object singl manag group larg achiev measur improv structur oper process consist appoint risk review committe conduct comprehens analysi group risk establish independ risk regist area assess oper risk set risk manag unit corpor bank real estat financ busi area project team set deal problem identifi audit report exist loan signific risk futur monitor central risk manag area improv risk assess target yield tax origin notif revis medium term plan june bgb suffici yield rate tax germani period rang region bank save bank bank top time reduct equiti return observ region bank save bank sector fallen worsen econom situat falter consolid process germani figur year remain lower rang region bank save bank sector region bank save bank potenti recoveri sever restrict loss institut liabil guarantor liabil anstaltslast gewährträgerhaftung basl ii target yield tax origin notif revis medium term plan june directli compar yield competitor bgb core capit ratio restructur phase contain quot safeti buffer quot ensur refinanc capit market partli offset total absenc hidden reserv futur core capit ratio significantli higher averag core capit ratio region bank save bank period result safeti buffer equiti return pre tax earn fell compar competitor pre tax earn relat larger amount fund mere fact publicli own call question possibl restructur group give black mark public undertak ran counter articl ec treati unlaw influenc connect public ownership investig parliamentari committe berlin public prosecutor land berlin intend privatis bgb lbb busi activ critic influenc special factor section lbb law futur continu carri develop activ promot save manag giro account privat custom limit creditworthi account man street result disproportion larg number custom low incom bracket significantli affect yield potenti made long period time burden structur weak economi berlin region reflect incom privat custom lower nation averag competitor berlin offset presenc region takeov ost berlin sparkass gave lbb higher share eastern berlin weak structur lbb custom eastern berlin account berlin resid special factor continu plai role privatis basi revis medium term plan june germani provid quantif effect propos commiss advis increas risk provis divest real estat servic busi commit hive ibb find medium long term effect measur insignific commiss subsequ request germani bank outlin consequ separ sale berlin bank surviv rest group germani view sale neg effect group medium term plan total effect period minu eur account extraordinari cost sale remaind reserv staff build addit restructur cost medium long term plan result tax eur revis medium term plan basi measur fall eur eur amount account loss berlin bank incom group remaind account delai staff cutback loss plan increas fee incom remain fix cost context back offic diseconomi scale return equiti declin percentag point calcul base assumpt berlin bank sold independ bank maximis number bidder entail higher cost sale asset oper divis hive berlin bank reduc retail busi share profit bgb increas share capit market busi commiss ask germani bank quantifi consequ separ sale berlinhyp end surviv rest group germani bank neg consequ rest group impos requir buyer necessarili meet buyer intern refinanc eur compar term good rate landesbank berlin bgb guarante berlinhyp order avoid appli methodolog larg credit current estim volum eur buyer offer book berlinhyp purchas price book write down result endang surviv rest group neg outcom bid procedur involv risk book write down sale consequ restructur plan market cooper berlinhyp group maintain obligatori separ sale requir write current book eur eur book berlinhyp fund eur million expect earn tax rest group fall eur differ loss berlinhyp expect incom eur interest incom expect proce sale eur separ sale berlin bank result fall target equiti return rest group core capit ratio avoid undu distort competit germani submit quot medium term plan quot develop individu balanc sheet profit loss account item period actual situat plan situat updat plan time proceed line sale closur reduct measur promis revis medium term plan submit june take account divest real estat servic busi ibb measur origin intend suggest consequ individu busi area restructur period item list medium term plan present illustr term segment asset number employe privat custom segment asset fall eur eur eur eur result sale closur reduct measur fall account sale hold allbank weberbank bg polska zivnostenska banka workforc cut disproportion high figur figur account sale berlin bank promis date asset retail bank segment corpor custom busi small medium size enterpris larg custom expect fall eur eur time number employe reduc figur account promis sale berlin bank compensatori measur real estat financ sector consist reduct risk portfolio refocus risk prone busi reduc segment asset eur eur workforc cut scale back capit market busi lead reduct workforc segment asset fall approxim eur eur compar origin plan stronger emphasi risk prone busi segment liabil reduc disproportion gradual wind larg foreign custom busi asset segment fall number employe cut item remain end restructur phase result long term contract agreement reduc public sector busi sector abandon supraregion busi reduc asset segment sector assign corpor busi plan divest real estat servic offer addit compensatori measur reduc segment asset combin reduct asset item interest rate manag divest ibb govern assist busi eur billion segment asset effect consolid measur reduc balanc sheet total eur eur billion eur leav divest ibb doubt qualifi compensatori measur balanc sheet total fall question market share privat corpor retail bank region busi relev market share refer berlin contrast real estat financ capit market busi form nation case larg intern market compar figur submit notif market share privat corpor busi berlin revis privat busi sector corpor busi sector bgb report land central bank statist calcul fail germani give requisit region themat breakdown paragraph seq bgb share berlin market loan privat custom expect increas slightli accompani slight dip share deposit busi market reason refocus bgb busi activ berlin market time withdraw complet supra region market line restructur plan compensatori measur privat custom sector bare impact berlin market share reduct primarili affect supra region oper corpor busi sector market share loan contract slightli share deposit market remain constant real estat financ sector nation market share initi revis basi updat statist fall chang capit market sector proceed germani state bgb examin close possibl compensatori measur sale real estat servic busi promis earlier stage part origin plan compens germani compensatori measur total amount aid point refer assess appropri includ eur billion capit inject land aid risk shield worst case scenario equival financi term eur billion remuner risk shield bgb pai guarante commiss eur million year decis initi proceed commiss indic market distort scope extend busi basi solvenc ratio requir bank supervisori legisl germani argu assumpt core capit inject eur billion boost risk adjust asset eur billion infer directli basic rule bank supervisori legisl core supplementari capit inject simultan bank boost risk adjust asset time amount core capit inject bank previous inelig supplementari capit amount core capit inject imposs priori appli factor wrong regard extens busi result supplementari capit bank case market distort caus inject core capit classifi aid consid outset maximum market distort set time amount aid grant form capit inject land berlin inject core capit total eur billion bgb supplementari capit core capit inject meant previous inelig supplementari capit eur million account explain regard market distort caus core capit inject theoret core capit ratio fund ratio constitut minimum capit base requir law institut need larger capit base run orderli busi room manoeuvr oper financi market bafin estim market standpoint bgb requir time core capit ratio fund ratio order guarante liquid safeguard restructur process cf letter bakr date june basi consider relev capit ratio capit inject market distort equival eur billion core capit inject eur billion multipli factor respons commiss decis initi proceed germani propos compensatori measur real estat servic busi ibag ibg lpfv separ bgb effect risk shield focus real estat servic sector subject solvenc ratio requir easili carri compani authoris engag bank risk shield relat busi invest busi argu busi risk shield case size market distort total volum busi ibv expect sell fund invest total eur bavaria anticip total project volum eur ibag busi amount eur ibag busi end restructur period end attribut risk shield ibag effici reorganis undertak compet market risk shield regard constitut market distort relat ibag busi end total eur total volum market distort lai worst case scenario actual cover provid land berlin risk shield eur billion eur billion determin market distort caus risk shield commiss basi establish ibag busi end restructur period eur market distort caus risk shield estim basi aid risk shield worst case scenario eur billion market distort start point assess compensatori measur consist amount bgb form capit inject eur billion amount real estat servic sector divest form risk shield eur eur billion decis initi proceed commiss assum bgb enjoi extrem strong market posit drawn consequ determin compensatori measur assumpt base inform born low market share held bgb propos measur offset market distort appear allow state aid implic wbk asset lbb germani argu competit ground inadvis sell berlin bank sell land berlin share bgb remedi retail sector suffici divest weberbank allbank foreign subsidiari bgb polska zivnostenska banka relinquish german privat custom centr closur branch predominantli berlin compensatori measur line demand commiss bank previou restructur decis object commiss view fact closur sale undertaken implement left bgb posit berlin retail bank market virtual intact germani land berlin final agre sell berlin bank germani promis ensur bankgesellschaft group sold quot berlin bank quot divis econom unit includ trade mark custom relat branch offic accompani staff open transpar discriminatori procedur sale legal effect octob divest berlin bank reduc asset retail bank eur eur privat custom sector eur commerci custom sector measur plan reduct asset amount eur balanc sheet total reduc eur billion eur billion aid limit minimum germani argu risk overst restructur base inform lpfv januari assess risk chang period cover guarante result macroeconom factor intens real estat manag lpfv indemnif agreement ibg detail arrang land berlin risk shield lpfv serv ensur actual claim guarante land berlin refund land berlin interven issu instruct respect lpfv order guarante high qualiti manag control measur introduc rule multipl risk coverag practic risk aris renew offer cumul interchang factor account descript lpfv risk multipl risk coverag case rent guarante credit guarante bgb group lpfv verifi claim rent guarante ensur legal factual order calcul correctli januari bcia berlin gesellschaft zum control der immobilien altrisiken mbh wholli own land berlin act behalf carri check rule simultan call loan guarante servic perform lpfv land assum oblig check bcia detail legal factual account standpoint check legal claim credit guarante balanc sheet guarante bcia provid land power effect mean minimis damag garantiegesetz guarante law april explicitli state payment made parti connect risk shield legal oblig specif detail agreement land bcia activ land parliament receiv report quarter enjoi right regard approv inspect issu instruct vi vi compani protect risk shield exercis close regul regul respons procedur reserv approv payment loan commit limit exceed draw posit list annual account balanc sheet guarante reserv approv sale asset underli book guarante limit exceed reserv approv invest lead addit acquisit product cost limit exceed reserv approv payment lpfv issu instruct ibg lpfv protect claim reserv approv assign measur claim aris detail agreement comprehens right inform inspect reserv agreement appoint auditor ibg ibag lpfv audit berlin audit court rechnungshof reserv approv restructur oper bank made signific contribut sell asset subsidiari essenti long term viabil hold question substanti profit sold open transpar procedur plan sell real estat servic busi bgb make contribut utmost counter extens loss resourc prop fund ratio reduc risk bear asset core capit fund ratio target restructur plan provision approv rescu aid undertak surviv obtain solid rate rate agenc vital achiev provision approv core capit ratio fund ratio target core capit ratio fund ratio bgb liquid situat averag capit base essenti averag core capit fund ratio land bank save bank rang bgb provision approv core capit ratio long term averag compar bank provision approv fund ratio mere year ratio appear conserv fail account bgb specif problem market privat public bank germani solvenc ratio rang core capit ratio fund ratio partli absenc guarantor liabil privat bank guarantor liabil public bank discontinu solvenc ratio land bank save bank gradual align higher ratio privat bank result averag fund ratio land bank save bank ceteri paribu increas restructur plan estim bgb fund ratio basi bgb resourc cushion reduc assess fund ratio count statutori minimum bafin fact increas allow volatil lai capit market rate agenc tend benchmark entail consider higher fund ratio reduc appar larg resourc cushion averag fund ratio vital rate agenc attach consider import capit structur past call improv bgb core capit ratio close correl financi strength rate long term rate hand forthcom end guarantor liabil signific improv financi strength rate requir avoid neg consequ scale cost refinanc reapprais risk bear asset basel ii result higher resourc requir onward increas volatil risk bear asset iv comment interest parti respons public decis initi proceed offici journal european commun commiss receiv comment interest parti berlin volksbank parti ask ident secret comment berlin volksbank berlin volksbank argu question authoris notifi restructur aid articl ec treati aid cover statutori arrang institut liabil anstaltslast guarantor liabil gewährträgerhaftung exist aid aid measur bgb complet scale bank financi difficulti due place extrem expos busi close end real estat fund reason bgb loss virtual check made properti acquir investor guarante incom undertak regard feder republ market leader primarili probabl account favour condit investor restructur aid justifi individu case neg consequ bank failur bank system public confid unlik previou case decid commiss aid recipi oper limit region scale effect aid concentr competitor hit harder distort effect berlin volksbank compet bgb busi level intens aid limit minimum restructur appar land guarante risk properti sector unlimit addit fund commit land berlin liabil estim quot blank chequ quot futur loss excess liquid alloc undertak amount eur billion durat year guarante disproportion gave bank virtual unlimit creditworthi distort competit consider complet indemnifi risk properti servic oper bank bgb receiv quot uncondit licenc quot submit offer term want sell leas properti bank make loss process fulli compens land berlin guarante addit fund commit unlimit amount natur authoris defin underli legisl addit capit inject combin risk hedg guarante provid doubl cover determin grant equival guarante fact account favour scenario land assum eur billion realist expect guarante invok plainli precis figur aid intens correspond nomin amount market financi servic characteris strong competit term consider pressur margin expect bgb pass full advantag confer aid market consider distort competit detriment competitor concern aid grant market leader berlin brandenburg region market share region rel lend busi bgb estim own branch credit institut berlin bgb direct competitor berlin volksbank main field busi person bank bank medium size corpor client market share time larger berlin volksbank aid contribut econom quot consolid power quot berlin bank market bank compar strong market presenc consequ multibrand strategi bgb oper institut brand busi name bgb pursu busi strategi detach profit strategi subsidis condit predatori lack cogent plan sustain recoveri propos restructur programm restor long term profit undertak base overli optimist assumpt suffici specif overemphasis posit aspect suit ensur long term profit viabil undertak set achiev target profit half usual averag sector lastli restructur programm mention futur aid reimburs oblig pend investig transfer wbk land bank insuffici attent paid identifi commiss guidelin reduc advers effect competitor limit presenc aid recipi relev market restructur busi activ relev market expand restructur programm make increas profit privat corpor custom segment compens closur site berlin focus expand activ berlin bgb plan retreat geograph market acquir consider import announc closur branch lead reduct bgb market presenc correspond gener trend market financi servic germani regard quot bank quot extent remedi provid bgb calcul current domin posit berlin bank market distort effect strongest condit offset distort caus aid commiss sale part bgb group possibl sell berlin bank relev market segment market share similar berlin volksbank advantag sell berlin bank organisation institut larg independ entranc market competitor rel eas amount aid size busi sold compens aid consider distort effect public liabil guarante anstaltslast gewährträgerhaftung transfer wohnbau kreditanstalt berlin land bank present aid measur financi public support measur bgb result combin aid account determin remedi grant restructur aid rais fund ratio essenti minimum laid german bank law kreditwesengesetz legal bind word guidelin quot strict minimum need quot combin risk hedg capit inject essenti cover risk loss properti sector capit inject led land berlin compens loss bgb addit fund obtain busi segment indic aid land govern negoti select investor takeov bank sale market price tender procedur open transpar conduct discrimin comment parti ask ident secret bank futur strategi reduc activ capac infrastructur concentr region person corpor bank plan base assumpt region market bank share grow doubt contradict bank share market unclear bank build sound custom basi berlin bank brand weak respect problem properti financ busi past doubt futur success maintain larg share capit market busi typic region bank success implement restructur programm depend substanti manag achiev ambiti plan reduc staff introduc risk control system improv inform system question mark staff reduct measur date achiev target resist employe union anticip reduct date attribut outsourc measur long term reduct cost expect reckon cost transfer worker born bank form higher servic charg futur bank compet marketplac merit accord point guidelin doubt target return resourc suffici assum long term viabil restor low return justifi perform public function save bank irrelev assess return continu public ownership consider doubt bank viabil restor guarante land berlin expos consider polit pressur termin employ relationship gener implement restructur plan bank bodi polit appointe give rise conflict interest german region bank problem continu germani reaction comment interest parti germani comment observ berlin volksbank anonym parti berlin volksbank submiss alleg exist aid unfound substanti financi resourc built alleg aid group difficulti commiss assess liabil system institut liabil guarantor liabil exist aid regard encumb bgb capit inject provid rescu aid made bank perman accord guidelin commiss practic restructur aid transfer wbk lbb investig commiss separ proceed germani aid bgb strong posit berlin bank market person corpor bank market share high berlin volksbank claim market share base volum smaller base custom berlin sparkass account small credit deposit volum prove addit cost factor restructur programm fulli document suffici detail germani view current programm stabl basi ensur bgb profit profit entir bank sector germani declin significantli account difficult gener econom situat averag return fund fallen feder govern commun result busi segment period consist shown separ deriv comprehens stage gener layout pattern total earn oper result provis risk pre tax profit step implement restructur programm plan bgb stage conceptu level work subdraft current busi segment irrespect liquid reduc sold practic level alloc subdraft specif measur implement cost turn complet draft individu measur fill detail ad segment level incorpor comprehens plan special instrument complement usual monitor result develop implement purpos gener measur personnel measur made compar plan actual valu monthli basi run perman check success implement properti financ regard bank typic task region bank includ properti servic loss origin made reorganis bank author risk shield larg occur bgb offer sell busi segment compensatori measur provis ratio respect real estat loan small futur measur exist busi monitor order significantli reduc risk properti financ segment busi activ concentr attract locat risk diversifi interregion activ germani foreign busi larg termin high risk segment build discontinu exist busi sector risk specialist troubl exposur asset portfolio critic reapprais revalu control risk monitor group introduc turn provid framework individu control instrument includ limit system market counterparti risk earli warn system reorganis strategi task forc exposur affect bank subsidiari contrari berlin volksbank view restructur lead reduct market presenc larg custom public author segment discontinu segment reduc make sens commerci discontinu retail busi segment impair undertak core busi jeopardis privatis prospect addit market presenc retail segment increas bank withdraw complet brandenburg potsdam land berlin market presenc appreci reduc branch closur risk shield quot blank chequ futur loss quot risk cover exist risk risk transact conduct decemb gener cover risk real estat fund cover fund concern invest decemb risk shield quot uncondit licenc submit offer term want sell leas properti quot articl detail agreement condit depend land consent articl laid comprehens quot avoid consequ quot requir beneficiari compani oblig utmost land involv small utilis asset cover book guarante favour leas properti item optimum term infring render compani concern liabl damag risk shield constitut unlimit addit fund commit unlik addit fund oblig compani law instanc land berlin oblig risk shield limit total object risk exhaust list detail agreement fund commit decemb risk shield made suffici specif agreement principl decemb contain complet list compani entitl credit guarante balanc sheet guarante detail agreement alter list respect detail sharehold legal relationship enumer detail agreement contract refer extent risk cover risk shield made suffici specif fund ratio target bgb high lender investor confid bgb shaken bgb longer consider fund ratio assess bank abil access capit market privatis bank requir land share abolish capit rais capit market toler term meant fund ratio perman significantli higher statutori minimum rest privatis procedur contain aid element reveal shortcom discrimin procedur vi assess aid measur state aid articl ec treati capit inject risk shield contribut promis refund agreement provid land berlin compris state resourc resourc grant condit accept market economi investor total amount involv billion euro made undertak financi difficulti capit inject eur billion expect return land increas share bgb risk shield grant period year guarante agre amount nomin theoret maximum eur billion amount cover theoret conceiv risk compris total loss rent case rental guarante eur applic full product cost build facil case renew guarante eur complet loss guarante book valu ibg ibag subsidiari eur loss rent demolit reconstruct build complet loss book valu pessimist assumpt unrealist germani estim probabl eur billion case scenario eur billion base case scenario eur billion worst case scenario proceed germani commun basi estim scenario assumpt made risk default case rent guarante loss rent assumpt inflat actual inflat remain lower forecast inflat rental shortfal vacanc forecast loss rent eur billion case scenario eur billion base case scenario eur billion worst case scenario germani explain commerci standpoint total expect correspond worst case scenario estim eur billion eur rent guarante eur maximum price guarante eur renew guarante eur book guarante eur residu amount econom aid econom underpin altern calcul submit germani guarante risk shield liabil risk quot discharg quot capit inject eur eur capit account cash guarante nomin econom eur billion eur capit inject support group bank loan commit purpos utilis properti servic compani nomin theoret extrem risk cover rent renew book guarante attribut risk asset eur eur secur premium germani explain connect supervisori reason limit maximum liabil risk shield econom eur billion amount eur billion conceiv risk mention cover group bank loan properti servic compani account risk commit drawn rent renew mention guarante plai role calcul subsidiari bank group fund ratio weight calcul includ set larg scale lend limit limit maximum amount liabil econom realist risk contrari supervisori term credit count risk asset tune eur larg scale lend ceil exceed fall fund ratio make signific capit inject supervisori standpoint start theoret occur risk lower econom confirm baf letter march commiss recognis supervisori standpoint start theoret occur risk amount eur billion state aid assess measur assum basi justif present germani aid contain risk shield econom eur billion amount correspond realist worst case scenario support germani assumpt assess prudenti reason addit roughli amount result altern liabil risk discharg capit inject regard contribut promis land berlin refund agreement note appli commiss conclud lbb ibb proceed recoveri decis case amount reorganis grant paid order avoid undershoot capit ratio mention agreement case lbb bgb group examin lbb proceed complet moment determin exact econom aid purpos competit assess theoret upper limit eur billion measur make improv bgb financi posit consider prevent supervisori intervent temporari closur probabl insolv substanti subsidiari group distort competit subsidiari undertak largest german bank group balanc sheet approxim eur billion rank twelfth largest segment bgb activ region nation intern level financi servic sector characteris increas integr substanti subsector intern market realiti competit financi institut member state strong stronger introduct singl currenc measur effect actual potenti competitor distort threaten distort competit distort competit affect trade member state measur constitut state aid articl ec treati germani question view decis initi procedur commiss note land berlin nordlb contribut capit amount proportion sharehold prior capit inject eur million capit increas compar sharehold prior capit inject commiss evalu measur time lack suffici inform conclud capit contribut nordlb state aid mean articl ec treati request germani send inform germani explain nordlb capit increas contain aid made accord market economi investor principl privat sharehold parion miscellan small sharehold nordlb particip capit increas proportion degre land berlin bgb expect part accord respect sharehold nordlb stake prior capit inject correspond capit contribut dem million exposur good busi nordlb hand refus particip capit increas reduc nordlb stake nordlb lost participatori right hold court appoint special auditor assert compani claim member manag supervisori board august nordlb submit offer quot promot interest quot regard unfinish discuss deepen cooper merger particip capit increas credibl altogeth decis carefulli weigh nordlb busi interest rel weight measur restructur plan margin classif measur state aid normal market behaviour alter commiss assess case commiss definit view issu decis initi procedur commiss point capit inject risk shield treat notifi aid legal consequ articl regul ec detail agreement notif suspensori condit aid authoris measur suspend attract supervisori measur bafin temporari closur bgb germani explain measur risk shield capit inject provision authoris rescu aid part singl restructur plan commiss assess measur legal classif respect germani explain comment suspensori condit leav legal effect adopt scheme open conced capit inject risk shield produc effect measur bgb continu busi attach import observ ban implement aid firm difficulti adopt final decis commiss constitut procedur problem view durat authoris procedur acknowledg germani aid total produc actual effect final decis measur bgb continu busi appli capit inject risk shield land oblig contribut refund agreement admittedli oblig appli event recoveri decis commiss lbb ibb case amount recov lead capit ratio mention agreement met success restructur includ measur jeopardis precaut measur suspensori condit relat authoris commiss produc econom effect conclus authoris commiss note suspensori condit make valid repay agreement depend state aid approv commiss prompt transmiss comprehens inform germani express readi cooper financi burden impos bgb restructur plan land berlin shown lower scenario involv exist state guarante institut liabil guarantor liabil land bank fact impli measur favour bgb line market economi investor principl constitut state aid firstli exist state guarante constitut state aid compat common market commiss note aid measur question bgb oper restructur purpos benefit entir group includ privat law compani radic natur scope pure implement state guarante exist land bank lbb part group reason measur examin constitut state aid compat aid measur common market aid measur grant approv aid scheme commiss assess compat common market light articl ec treati accord articl save provid ec treati state aid aid grant state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market articl exempt principl incompat state aid common market provid condit govern exempt articl met aid deem compat common market aid measur examin regard aid social charact grant individu consum subparagraph aid make good damag caus natur disast except occurr subparagraph aid grant economi area feder republ germani affect divis germani subparagraph exempt applic present case exempt articl note aid serv promot execut import project common european interest remedi disturb economi member state regard aid promot cultur heritag conserv commiss vet aid measur light exempt articl base assess aid facilit develop econom activ aid advers affect trade condit extent contrari common interest relev commun guidelin commiss view guidelin applic state aid rescu restructur firm difficulti hereinaft guidelin commiss take view measur make contribut financ restructur firm regard restructur aid guidelin restructur aid permiss run counter commun interest guidelin aid approv commiss condit examin met elig firm receiv aid commiss view suffici demonstr bgb regard firm difficulti mean section point read conjunct point guidelin point guidelin assum firm difficulti quot unabl resourc fund obtain owner sharehold creditor stem loss intervent public author condemn busi short medium term quot case bgb circumst obtain measur question benefit bgb busi activ termin land berlin bgb major sharehold note market economi investor provid resourc term land aid measur capit ratio fallen threshold prescrib bank law result bafin time bakr measur section bank law includ temporari closur time aid grant bgb satisfi criteria govern definit firm difficulti point guidelin includ increas loss mount debt rise interest charg fall net asset basic principl point guidelin aid restructur grant strict criteria met distort competit offset benefit flow firm surviv net effect redund result firm busi exacerb local region nation employ problem exception firm disappear result monopoli tight oligopolist situat rule berlin number bank busi structur market privat corpor busi bgb shape berlin bank berlin sparkass market leader event bankruptci part lead region bank sale compon part follow deterior econom structur anticip conceiv extrem improb theoret scenario insolv larger region competitor subsidiari asset bgb account strong region posit acquir emerg monopoli tight oligopolist situat rule view merger control procedur follow posit bgb nation intern market suffici strong result monopoli oligopolist situat bankruptci ensu dispos germani disput assess commiss set decis initi procedur econom social repercuss berlin germani provid estim impact bgb restructur compar impact busi bankruptci connect employ tax revenu land berlin claim insolv lead loss job berlin declin job declin lost restructur scenario land tax receipt fall eur million event restructur eur million restructur place decis initi procedur commiss note verifi estim explan provid germani provid addit inform includ calcul german institut econom research diw bgb insolv result loss job berlin job exist berlin updat plan restructur lead loss job berlin commiss excess job loss assum case insolv eventu busi area deem fundament viabl retain acquir likewis restructur form job loss estim result berlin result restructur significantli higher origin assum event commiss agre assess germani sudden insolv basic result significantli job loss orderli longer term restructur sudden insolv led quot fire sale quot closur area busi restructur account indirect job loss result domino effect direct indirect tax effect lead annual revenu shortfal eur million year signific continu year extent commiss agre feder govern firm surviv econom social advantag notif germani case hypothet insolv scenario identifi factor result loss lbb land oblig provid support clear identif quantif liabil risk commiss make proper assess econom effect proceed germani present legal opinion calcul relat repercuss revenu shortfal mention hypothet insolv bgb land berlin repercuss materialis result complex risk interlinkag firm includ intern loan comfort letter profit loss pool arrang conjunct institut guarantor liabil lbb continu germani insolv bgb lead lbb link virtu atyp undisclos hold loan guarante loss amount eur billion eur billion consist essenti declin lbb claim bgb case balanc sheet total eur depend default rate eur eur claim custom case balanc sheet total eur depend failur rate eur eur recours guarante grant bgb financ dublin eur eur insolv cost eur germani scenario impos charg eur billion eur billion land assum land decid termin lbb busi exercis institut liabil guarantor liabil land liabil total amount lbb liabil cover asset amount cover guarantor liabil estim eur base case eur worst case charg land amount eur base case eur worst case result scenario claim deposit guarante fund german privat bank assum land capit inject eur billion lost provis liquid wind interest rate cost eur billion commiss check figur calcul ask explan conclus hypothet insolv scenario exist state guarante lbb impos land substanti charg rough estim made distinct drawn event subscenario continu exist lbb assum institut liabil estim base figur suppli germani commiss assum lbb continu busi charg land order eur billion eur billion compris loss land share bgb capit eur billion addit virtu institut liabil lbb land offset effect claim repres guarante grant lbb bgb financ dublin estim commiss eur declin lbb claim bgb estim eur extent subject complianc solvenc criteria continu oper properli safeguard view claim germani deposit guarante fund german privat bank number uncertainti exist substanti legal doubt exist legal valid lbb liabil parti claim stem fund busi real estat servic area prospectu liabil exempt declar sharehold invest ad hoc compani act person capac risk quantifi event termin lbb busi addit charg land approxim eur billion eur billion result loss lbb claim custom result liquid problem trigger insolv virtual domino effect custom invest compani shelf compani residenti properti compani eur billion depreci particip interest proceed germani claim event hypothet insolv real estat servic busi divest liquid risk shield scenario significantli affect risk interlinkag compani decis import larg amount lend subsidiari grow time increasingli difficult real estat servic busi ibag ibg lpfv includ ibag subsidiari ibv bavaria group subbank bgb lbb berlinhyp profit loss pool arrang ibg subsidiari bavaria ibv hand bgb ibag addit bgb gave guarante respect liabil ibg bavaria ibv justifi end commiss reason doubt observ germani extent agre germani divest liquid real estat servic busi ibag ibg lpfv risk shield lead insolv bgb consequ risk interlinkag lastli point repercuss hypothet insolv bgb surviv lbb difficult calcul estim subject consider uncertainti charg land estim roughli rang eur billion eur billion take probabl extrem conclud aid measur question restructur impos oner charg land berlin proceed germani claim bgb firm group provid servic gener econom interest mean articl ec treati state decis initi procedur commiss assum aspect relev assess measur question conclud aid approv basi articl restor long term viabil point guidelin grant aid condit implement restructur plan endors commiss case individu aid measur examin determin restor firm long term viabil reason timescal restructur plan limit durat base realist assumpt describ circumst led firm difficulti provid basi assess propos measur enabl firm progress structur offer prospect long term viabil enabl stand feet enabl firm cover cost includ depreci financi charg achiev suffici return capit compet marketplac commiss base assess inform furnish germani includ detail plan individu restructur measur forecast profit loss account restructur period basi case worst case base case scenario analysi structur deficit respons difficulti cost plan restructur measur make assess commiss reli inform suppli germani current implement restructur plan modif individu measur includ schedul sale specif asset view failur initi attempt privatis bgb larg annual loss approxim eur million commiss consid notif germani end march investig mean bank viabil depth clear conclus drawn examin independ expert commiss aim establish suffici degre certainti bgb continu compet marketplac merit state support suffici degre certainti doubt subsist commiss neg decis measur issu basi restructur plan submit failur privatis process rais doubt sound remain real estat financ busi admittedli annual loss approxim eur million tax due predominantli except item minu eur million substanti write down euro stoxx hold eur million oper result provis conting slightli neg minu eur million eur million anticip plan minu eur million heavi loss consider neg impact core capit ratio intend cushion loss essenti viabil drop result consider margin fell short figur origin plan point connect earli commiss held talk germani compens measur retail field germani quantifi effect separ sale berlin bank condit prevail commiss suffici remain group continu compet marketplac merit commiss investig focus credit risk risk provis real estat financ field lesser extent capit market field commiss opinion doubt viabil allai real estat financ busi major part attend risk effect insul remaind group earli separ sale busi june germani present figur made commiss scenario outflank effect insul busi feasibl main reason sale led transfer asset real estat financ busi bgb stake berlinhyp book eur capit asset current asset necessit valuat asset current market result except loss germani state heavi burden bgb capit resourc state support viabil longer assur short term insul remaind group risk real estat financ busi longer commiss choic appoint independ expert examin bgb viabil exist restructur plan outstand issu view exist risk real estat financ field risk provis regard adequ report mandat issu juli audit firm mazar select commiss advis comprehens cover risk bank viabil capit market busi wholesal foreign bank draft report submit agre septemb main find discuss germani octob final version report transmit germani novemb light report mazar commiss basi restructur plan stood summer includ divest berlin bank offer germani complet studi conclus bank viabil set analysi market studi submit commiss januari germani submit commiss notif detail market studi carri bank morgan stanlei current situat prospect situat bank market germani berlin commiss consid market studi includ inform submit initi procedur complet inher conclus point comment decis initi procedur commiss refer germani addit submiss set paragraph seq germani state bgb retail busi privat corpor custom concentr land berlin immedi surround area constitut relev geograph market import market segment deposit lend bgb market share year crisi underw slightli posit neg remain unchang berlin significantli larger number inhabit serv branch german european averag futur number branch continu fall slightli custom increasingli carri transact internet principl surplu capac intens competit increas pressur margin promis consolid real estat financ field german mortgag lend rate low compar rest europ increasingli strong concentr process observ mortgag lender substanti compani set mortgag lend field recent year heterogen suppli side structur result competit major reason lack profit mortgag lend busi germani past market particip achiev growth aggress price case led signific adjust berlinhyp bgb show strong fragment market result intens competit consider pressur margin western germani demand increas east consolid take place rent asset price gener speak demand look set grow year area real estat market germani ow intens competit tighten regulatori environ signific recoveri german mortgag market expect regard real estat servic busi fund busi project develop build work surplu capac directli perceiv domest fund busi highli intens competit albeit larg unchang time note commit procedur hive entir real estat servic busi bgb capit market busi bgb germani activ share bond trade account behalf custom deriv issu trade foreign exchang currenc busi monei market transact german custom crisi capit market led sharp drop question surplu capac answer conclus sharpen competit increas marginalis smaller competitor bgb benefit larger provid expect sum commiss point repli germani argument take posit view principl futur develop market environ market prospect bgb retail busi capit market busi view econom situat expect year ahead light recent data stabl earn achiev substanti compani translat market strategi successfulli practic hand posit regard real estat financ busi favour ow consolid process appar finish bank adapt strategi line futur develop area target contract busi prove real estat servic busi split bank end market develop area plai subordin role bank concern analysi structur oper deficit respons difficulti assess structur oper deficit respons bank difficulti commiss refer inform provid germani consid analysi past deficit repres suitabl start point bring control draw restructur plan commiss conclud bgb crisi due accumul risk real estat servic field steadi increas grant long term rent dividend renew guarante busi standpoint regard manag reason cost benefit angl base unrealist market estim wish think appli real estat financ busi aggress rate polici aim achiev higher market share adequ cover lend risk incorrect valuat secur due neglig led econom downturn late massiv loan default loss addit real estat servic real estat financ busi huge influenc exert local politician bank busi interest heart lack financi knowledg gave prioriti suppos local develop object act punish crimin law matter hand berlin judici author econom unjustifi practic greatli facilit system recognis control risk rudimentari standard requir effect risk manag bank manag board supervisori board adequ fulfil respons manag supervis compani properli ad auditor compet supervisori author likewis woke late continu accumul risk bank ultim longer cope measur shortli crisi broke onset crisi delai long reflect fact part group landesbank berlin benefit comprehens state guarante institut liabil guarantor liabil refinanc group irrespect true busi risk cost capit market econom effect institut liabil guarantor liabil extend privat law guarante vehicl group compani make transact made sens bank abolit institut liabil guarantor liabil juli ensur crisi engend longer futur recognis time market taxpay longer stump billion result comprehens descript restructur plan present summer busi strategi mazar analys detail restructur plan stood summer includ divest berlin bank plan provid measur commiss opinion line assess made mazar suit clear structur oper deficit respons difficulti past restor compani long term viabil restructur plan overcom bank structur oper deficit consist hand measur dispos merger liquid subsidiari busi area view futur concentr bank core busi measur increas effici profit core busi reorganis sphere cost reduct concentr activ reduct risk posit restructur measur core busi regard simultan measur compens competitor result reduct bank market presenc restructur plan relat period target structur restructur plan submit commiss summer region bank focus core busi retail bank privat bank corpor bank name berlin sparkass berlin bank supplement higher margin capit market busi bgb lbb real estat financ busi bgb lbb berlinhyp retail busi contribut group earn eur capit market busi approxim eur real estat financ approxim eur ow higher share cost account retail bank retail capit market busi contribut oper result essenti principl restructur perman restor bank earn power last reduct cost lessen risk normal market level improv bank abil access capit market specif restructur period oper result present commiss summer improv eur year end administr expenditur reduc disproportion eur risk posit decis calcul core capit ratio reduc eur eur bank aim rais core capit ratio medium term analysi structur oper measur individu busi area view main reason wrong bgb kei measur radic reduct number employe half abandon reduct systemat closur high risk busi area busi area belong core busi region retail bank intern control mechan leaner structur hous subsidiari opinion commiss advis reason step make compani profit eras mistak past oper improv stem intern measur includ abandon loss make activ commiss light analysi undertaken mazar view prescrib measur basic sound larg implement schedul detail pictur retail busi privat bank field retail busi privat bank field origin restructur plan consist focus region busi name berlin sparkass berlin bank germani divest separ optimis workflow substanti cut back workforc plan larg implement dispos hold fit defin region core busi branch closur total earn set reorganis sphere total administr expenditur period fall profit tax rise minu eur eur risk posit significantli reduc number employe cut reorganis group privat bank cost incom ratio improv measur larg implement plan sale weberbank total asset eur billion delai likelihood ahead commiss line analysi conduct mazar consid plan stage sound basi achiev long term viabil privat bank field retail busi corpor bank field futur remain busi public sector measur schedul origin plan privat bank field extens impact time corpor bank field categori remain part public sector segment futur plan cessat corpor bank berlin total earn set fall slightli total administr expenditur period fall profit tax increas eur eur risk posit reduc significantli staff number cut corpor bank cost incom ratio improv confirm mazar measur larg implement gener schedul commiss consid plan stood achiev satisfactori profit corpor public sector bank busi restrict bank core busi berlin brandenburg region field capit market busi capit market busi restructur free capit suitabl reduct risk posit enhanc workflow effici end account busi share interest credit product capit market area concentr roof separ privat bank reduc restrict germani europ unit state emerg market busi abandon interest deriv portfolio sharpli reduc limit custom orient posit hand riski bank custom busi expand relat interest rate equiti product total earn fall slightli total administr expenditur fall period profit tax increas risk posit reduc workforc intend cost incom ratio capit market busi improv mazar plan measur larg implement schedul commiss consid suffici safeguard earn power busi futur time risk bank manag proport commiss opinion focus bank custom busi concentr organis separ account busi improv transpar reduc risk help bank manag signific reduct risk posit capit freed conduc increas capit ratio secur bank futur capit market capabl institut liabil guarantor liabil real estat financ busi restructur real estat financ busi risk reduct top prioriti end inventori risk gradual compil view elimin worst risk restrict busi low risk custom risk manag function expand workflow optimis risk control improv core busi includ futur financ commerci investor residenti properti construct compani primarili select larg citi western germani hard hit crisi real estat market extent berlin brandenburg financ commerci investor stabl low risk busi supra region focu diversifi risk ensur suffici vari portfolio exploit region growth potenti exist region market supra region compon real estat financ threat substanti worsen credit rate refinanc rate hand move high risk segment real estat busi unsatisfactori margin bank consid improv earn busi reorient busi realist order improv earn exist busi risk specialist emploi increasingli riski commit bank lead review critic reassess exist busi consult act instruct conjunct team hous expert direct personnel personnel cost reduc import mean improv earn develop reorganis strategi perform commit introduct group wide risk control previous exist area introduct suitabl earli warn instrument total earn set rise total administr expenditur period fall pre tax profit increas distinctli neg figur eur risk posit reduc cost incom ratio real estat financ busi rise inter alia ow mention cost intens measur aim introduc risk manag measur larg implement instanc schedul commiss fundament step direct opinion commiss advis implement desir improv data qualiti schedul unsatisfactori state affair hamper oper risk manag system addit commiss line mazar find doubt bank succe gener futur suffici volum busi desir high margin custom low risk profil germani data real estat financ market characteris highli intens competit middl consolid process attract market segment real estat financ field target custom aim bgb strongli woo supplier slippag target direct impact desir futur interest surplu basi figur summer made commiss advis underperform time gener busi led extrapol basi consider interest earn shortfal underperform deterior futur shortfal interest earn likewis increas futur gener suffici busi depend crucial market trend berlin brandenburg region focal point bgb busi continu lie bank insuffici success last impact bgb hold berlinhyp necessit write down current book eur neg effect earn core capit ratio bank question discuss greater detail paragraph line mazar find commiss consid bank viabil call question remain problem real estat finac busi liquid larg custom foreign busi area bank intend withdraw larg custom foreign busi area includ consult busi merger acquisit field structur financ project financ view form part bank core busi stop acquir busi principl view long term commit structur financ field exit option extens reduct risk posit end restructur period remaind termin limit number export financ oper cover export credit agenc medium long term financ good transact select target countri central eastern europ basi proven countri expertis integr capit market busi retain reduct larg plan commiss mazar opinion aim discontinu busi area orderli manner massiv reduct risk posit free signific amount capit ensur futur capit market capabl abandon high risk busi area high individu financ volum form part core busi consider eas burden manag perform prioriti task kei area origin plan reduct amend june account unfavour market condit signific delai reduct risk posit scale transfer real estat servic busi addit notif germani offer respons commiss decis initi procedur scale real estat servic busi complet spin compani defin sellabl market transfer land berlin end compensatori measur measur part restructur plan cover real estat servic compani protect april risk shield ibag bavaria ibv ibg lpfv april risk shield cover risk bank busi real estat servic field transact cut date mention mean risk bank real estat servic busi area aris busi transact date market real estat servic regard problemat characteris high degre forecast uncertainti commiss support mazar consid continu signific reduct busi real estat servic field import contribut restor long term viabil concentr core busi region bank transfer busi protect risk shield land berlin market price likewis enabl bank free resourc previous ti core busi transfer busi cover signific impact bank risk situat commiss line mazar find consid complet abandon real estat servic busi area clear econom meaning step contribut long term stabilis bank result measur view favour capit market eas plan privatis bank staff plan staff reduct restructur period amount group reduct employe septemb workforc compris employe total reduct figur larg set plan analysi financi measur financi measur opinion commiss support advis mazar mean restor bgb financi stabil point view liquid capitalis ensur refinanc capit market financ restructur consist measur relat capit borrow capit detail commiss take view sale asset particip provid bank liquid reduc risk posit core area clear account profit signific achiev refinanc bank rest main pillar save deposit approxim bank deposit approxim securitis liabil approxim quarter consolid liabil fell eur billion end eur billion eur billion mid exceed signific margin plan target eur billion figur fallen eur prepar abolit state guarante bank aim switch present larg stock short term liabil medium long term liabil enter capit market area unsecur liabil end drawn object issuanc secur unsecur liabil seek rebuild trust capit market expand investor base held talk rate agenc realist attain rate event success implement restructur plan basi base case scenario averag increas refinanc cost basi point reckon result abolit state guarante mid commiss consid line mazar find bank refinanc strategi base scenario drawn infer correspondingli higher refinanc cost fundament plausibl question mark hang bank futur refinanc potenti reluct part market particip materialis bank result fail expect event higher refinanc cost reckon satur effect observ market mid public bank germani lose state guarante fulli forese place secur issu hamper reason commiss see reduct risk posit essenti precondit success implement restructur plan problem occur futur bank effect combat step reduct effort favour influenc confid capit market essenti precondit secur confid capit market attain satisfactori core capit ratio act buffer loss incur core capit ratio depend firstli extent risk posit core capit bank aim core capit ratio end restructur period capit contribut sharehold addit august capit increas order improv bank capitalis privatis take place end increas core capit ratio bank fall back reduct risk posit sale asset commiss awar statutori minimum core capit ratio insuffici give bank breath space dai dai busi rescu aid decis juli commiss recognis core capit ratio order enabl bank continu exist base essenti letter bakr confirm mazar commiss awar financi market core capit ratio gener mention threshold question aris strength institut concern confid financi market suffer mazar rate agenc tend view core capit ratio reflect bank financi strength credit institut gener strive exce requir capit underpin order ensur sound rate precondit access intern capit market reason term capit ratio higher wise light reform intern agreement basel ii framework abolit state guarante order fulfil market expect greater strength part land bank achiev rate bank aim rate consid core capit ratio basi compar market data averag core capit ratio sector germani low intern comparison higher averag reput credit institut european level mazar consid indispens bank achiev medium term core capit ratio commiss line mazar find likewis medium term increas core capit ratio desir increas commiss opinion sole commerci object respons assum bank financ state aid bank competitor face market situat increas core capit ratio state support authoris increas core capit ratio state resourc unjustifi place bank posit competitor absolut essenti bank viabil time decis aid longer minimum requir reason commiss insist agreement land berlin bank decemb treatment claim repay brought land aris commiss decis aid case amount repay claim left bank form deposit attain core capit ratio total capit ratio acknowledg decis rescu aid basi annual account agreement approv commiss amount calcul agreement lead overstep core capit ratio bgb group januari basi figur current time commiss decis take account hive ibb promis germani paragraph basi consider commiss ensur germani commit leav ibb reserv context divest govern assist busi bank maintain core capit ratio level refer date januari measur view part compens provid bank order limit interest competitor distort competit caus aid refund ibb reserv ensur context divest govern assist busi bank core capit ratio excess minimum essenti long term viabil expans busi strategi damag competitor bank subsequ wish achiev higher core capit ratio suitabl risk asset build reserv effort borrow fund market time privatis sum commiss line mazar find proce assumpt bank understood busi interest make effort long term reach core capit ratio result satisfactori rate point view bank bank year end restructur period rais core capit ratio effort commiss consid aim successfulli implement relev measur increas core capit ratio period realist quantif probabl exist risk realis analysi risk provis commiss unabl spring allai basi analysi remain doubt bank viabil rais failur privatis process strongli neg aggreg result suitabl effect insul credit risk exist real estat financ field germani imposs achiev aid commiss made independ expert point bank made adequ provis exist risk built suitabl reserv respect point commiss advis mazar recommend measur amend restructur plan submit commiss summer commiss instig incorpor bank revis restructur plan commun commiss januari detail risk aris lend transact analyt examin suitabl sampl bank loan portfolio commiss advis mazar recommend level risk provis gradual increas end restructur period base case scenario eur worst case scenario eur identifi omiss worst case scenario offset addit risk provis eur broken eur eur eur eur million level risk provis regard adequ failur singl larg loan lead risk provis exceed relev project financ field air transport energi telecommun worst case scenario make addit risk provis eur view fairli sizeabl stock larg loan commiss line mazar find awar exceed risk provid theoret event failur larg loan amount eur specif previous absent sign failur bank increas level risk provis commiss light mazar find conclud bank measur unaid improv restructur plan incorpor measur propos commiss advis mazar commiss level provis risk adequ note satisfact bank manag altogeth measur build suitabl risk control system structur reach complet commiss trust understood interest bank continu process determin past awar bank futur profit depend consider extent econom develop berlin länder commiss opinion risk tangibl view current perspect affect firm region differ commiss take view measur contain restructur plan point direct suffic absolut certainti attain econom sphere risk aris capit market transact restructur period bank capit market transact account oper result show transact essenti bank profit risk inher transact properli control interest bank viabil firstli shift emphasi account busi custom relat activ bank risk posit reduc connect averag earn eur aim risk manag system commiss advis basi investig regard adequ advis bank depend interest rate lessen reduc posit bank book bear mind recommend commiss consid risk aris capit market transact manag buoyanc busi area guarante risk aris valuat bgb hold berlinhyp commiss advis mazar discuss question risk aris valuat bgb hold berlinhyp book hold berlinhyp eur berlinhyp miss target ow worsen situat real estat market busi plan revis view increas risk ensu discount factor adjust addit risk premium incur scenario lead market price berlinhyp differ hold book eur net capit approxim eur repres devalu risk base case scenario amount eur adjust conserv busi plan includ devalu risk annual account commiss request restructur plan revis devalu risk duli account recommend commiss advis maximum devalu risk worst case scenario increas eur decis impact commiss assess reason risk limit uncertain develop real estat financ busi commiss desir order safeguard bank long term viabil major part busi sold group reduc size end commiss recommend germani berlinhyp sold separ order improv privatis prospect remaind group berlinhyp account third group entir real estat financ busi technic easi dispos sell share berlinhyp remain concentr hand bgb lbb restructur accord strategi work bank real estat financ busi futur risk remaind group reduc half germani provid commiss inform sale berlinhyp unaccept consequ bank commiss germani determin date separ sale berlinhyp proce realist expect success term accept bank price approxim berlinhyp net capit event potenti loss write down book bound time liquid resourc channel bank capit freed germani commun commiss intent divest berlinhyp separ part privatis bgb end risk aris valuat bgb earn liquid proce claim respect lbb bgb claim profit includ liquid proce respect lbb land berlin interest lbb form dormant hold commiss advis mazar valuat claim bgb book audit lbb underli fallen relev year write effect group consolid pre tax profit eur pessimist scenario eur optimist scenario recommend advis commiss consid write effect properli account restructur plan write eur base case scenario addit writedown eur eur writedown envisag worst case scenario provision estim adjust depend precis valuat lbb final carri valuat effect clarif outstand issu relat lbb exact size remain ibb reserv ibb hive commiss decis consider ibb hous promot asset commiss consid result impact bank consolid core capit put group viabil risk core capit ratio absorb bank risk aris introduct ifr ia convers bgb consolid account adapt ifr intern financi report standard call inter alia reassess pension provis opinion commiss advis mazar neg impact consolid capit tune eur born mind result introduct ifr opposit effect result adjust balanc sheet item opinion commiss advis present reliabl assess balanc sheet effect prove neg aggreg impair bank viabil introduct ifr lead partial reassess fact discoveri risk concern european compani carri adjust basi ifr resolv transit problem aris cooper compet supervisori author bank viabil depend financi perform abil manag risk face assess separ capac gener busi bank capac gener busi area activ decis factor viabil privatis prospect carri studi market posit futur market prospect deriv futur busi strategi show busi field plan strategi realist bank intend introduc product market channel commiss consid qualit quantit object strategi real estat financ field overoptimist depend crucial econom situat develop bank abil react market situat custom conclus assess commiss present bank succe meet target last basi viabil endang real estat financ busi remain current size target met event substanti scale real estat financ busi quantit effect consider reduc absorb bank busi area commiss request compensatori measur autumn rework bank restructur plan winter report advis mazar restructur plan submit made commiss suffici autumn bank viabil fundament suitabl risk provis posit decis aid request consid compensatori measur offer regard suffici state paragraph seq commiss consider misgiv respect retail busi bank plai promin role berlin region market real estat financ benefit substanti aid area commiss expert express misgiv bank abil gener suffici profit busi futur commiss view separ sale signific part real estat financ busi compens competitor gener improv viabil privatis prospect rest group autumn basi restructur plan submit conclus reach advis commiss request germani quantifi effect separ medium term sale berlin bank account quarter bgb retail busi end berlinhyp third bgb real estat busi end enabl commiss ascertain compensatori measur jeopardis bank viabil basic confirm current restructur plan germani bank began summaris underli situat basi medium term plan june expect addit charg result incorpor commiss advis propos approv divest real estat servic busi hive ibb quantifi base case scenario measur effect period minu eur eur minu eur increas risk provis minu eur eur neg sale proce write book invest consequ transact involv divest real estat servic subsidiari rgb ibag medium term long term effect measur small plan tax save reduc minim extent eur eur medium term plan june eur calcul achiev bank gener signific chang plan magnitud medium term plan june base target rate group return capit germani bank argu divest berlin bank end advers affect group medium term plan effect period eur account extraordinari cost sale rest provis staff build addit restructur cost medium long term plan pre tax result eur rework medium term plan incorpor measur mention fall eur eur half account discontinu berlin bank earn contribut group rest delai staff cutback abandon plan increas commiss earn remain fix cost primarili account back offic diseconomi scale calcul assum order maximis number bidder berlin bank sold independ bank charg incur expect proce sale berlin bank eur eur includ effect extraordinari cost sale bank case offset core capit berlin bank equival risk item amount eur give neg effect eur eur addit divest berlin bank reduc profit share retail busi bgb total busi share account capit market busi rise result core capit ratio deterior rate capit market busi regard riskier retail busi neg effect refinanc result sale berlin bank give rise oper problem restructur period sale berlin bank reduc return capit percentag point medium term plan june commiss carefulli analys argument adduc germani bank view repres insuper obstacl hive berlin bank competit ground thing rel reduct contribut retail busi bank busi hive berlin bank threaten give rise bank free maintain balanc structur carri reduct area capit market transact real estat financ bank structur core capit requir remain unchang fact reduct risk item releas addit capit help boost core capit ratio altern reduct bank view cover higher risk rais core capit ratio make effort reduc select risk item plan releas core capit borrow fresh medium term capit capit market prevent signific deterior rate refinanc term result bank cope hive oper oper term calcul effect divest berlin bank germani bank assum berlin bank sold independ bank order maximis number bidder berlin bank present incorpor landesbank berlin depend busi area branch landesbank berlin hive sale independ legal entiti bank core capit ratio risk item core capit eur provid afresh bgb spite core capit eur bgb expect sale bring eur eur commiss view calcul conserv amount net equiti serv benchmark estim compani berlin bank core capit eur commiss view sale proce eur eur establish brand client basi berlin bank sale proce tend reach exce core capit bank expens reduc bgb charg greater extent exception reason clear commiss situat make sens bgb sell berlin bank independ bank brand custom asset work compani posit bgb consid core capit provid afresh bgb realis sale berlin bank asset sold part call asset deal gener proce reduc extraordinari neg effect sale bgb result neg effect eur significantli reduc commiss view claim neg recur effect return capit improv bank sale spread year consid commiss analysi germani final agre bgb viabl berlin bank sold separ state willing sell berlin bank separ februari real effect date tender procedur launch complet octob formal commit submit commiss februari result entir year result attribut bgb adjust cost spread longer period easier countermeasur reduct short term fix cost back offic staff build bgb figur neg effect stem abandon plan increas lbb commiss earn attribut reorganis workforc uncertainti restructur purpos manag resourc eur delai workforc cutback group eur remain cost caus diseconomi scale eur continu indefinit commiss share view commiss posit confirm review effect long run effect bgb return capit outturn figur lower germani bank case seri unfortun circumst unfavour market develop return capit return capit medium term plan june result divest berlin bank commiss estim result situat remain part group depend govern assist quot time time quot principl state aid legisl longer grant bank stabl rais core capit ratio posit effect rate oper viewpoint ensur satisfactori refinanc condit commiss view return capit expect advers condit current difficult situat german bank sector lower end rang regard satisfactori market bank long term viabil commiss expect privatis promis lead strengthen bank investor regard return capit capit endow bank time unsatisfactori expect interest carri rationalis measur reduct unprofit area busi capit inject bring improv rate refinanc situat commiss agre germani bank thing stand rule suffici certainti strict requir sell berlinhyp separ medium term unduli prejudic bank viabil confirm independ advis doubt bank manag gener extent envisag higher margin busi real estat financ reason commiss gener regard posit contribut strengthen bank long term profit withdraw real estat financ greater extent hitherto plan achiev sell berlinhyp separ examin commiss germani bank bind requir sell berlinhyp separ medium term advers effect rest group impos requir necessarili met buyer buyer group intern refinanc eur similar term possess rate good landesbank berlin assum respons bgb guarante berlinhyp order avoid appli methodolog larg credit estim eur addit buyer offer berlinhyp book purchas price book significantli written tender procedur neg outcom risk book written sale impair restructur plan cooper market berlinhyp group continu requir separ sale entail write present book eur eur book berlinhyp capit eur million expect pre tax result rest group reduc eur differ disappear plan berlinhyp result eur interest earn expect sale proce eur separ sale berlin bank result fall target return capit rest group gener core capit ratio bind requir sell berlinhyp separ give rise signific risk viabil rest group commiss thing stand regard measur strengthen long term profit feasibl compensatori measur decis rest welcom germani intent feasibl separ sale berlinhyp date examin light privatis rest group depend scenario improv privatis prospect berlinhyp sold rest group separ end part transpar open discriminatori procedur commiss view berlinhyp realist interest onward strateg investor berlinhyp busi plan assum improv gener market situat real estat financ busi commiss consid review prospect separ sale conduct expect line recommend advis restructur plan rework basi bank unexpectedli poor busi result show measur minimis potenti risk stem make write commiss view measur conduc long term viabil privatis prospect rest group januari germani submit current restructur plan includ medium term financi plan base figur mid januari updat previou version june viabil assess commiss consult base take account instanc recommend commiss consult risk provis divest berlin bank incorpor current medium term financi plan germani submit estim base analysi present decemb figur current plan differ significantli version june alter commiss assess bgb viabil prospect commiss summari conclus long term viabil privatis prospect incorpor recommend advis mazar commiss restructur plan gener plausibl complet spite continu uncertainti note connect futur develop view oper function financi measur envisag suit restor bank long term viabil failur date meet target give rise last misgiv feasibl restructur plan number measur run target set plan leewai made good overachiev target area prospect viabil depend larg extent futur profit step strengthen core capit base abil gener busi restructur plan implement full bank extrem depend capit market earn restructur period real estat financ strategi ambiti threaten fall short target set deterior real estat market berlin area declin gross domest product threaten bank viabil reduc risk commiss consid larger share real estat financ busi hive separ sale berlinhyp expect germani carri detail analysi bank easili offset loss stem smaller real estat financ busi remain bgb lbb expect posit contribut retail busi capit market busi bank moment latent reserv financi resourc absorb larger loss restructur period result commiss consid core capit ratio minimum ensur viabil maximum financ state aid expect bank make effort rais core capit ratio higher reduc risk asset borrow market bank capit market capabl privatis prospect improv commiss view maximum reduct anticip return capit addit compensatori measur divest berlin bank expect bring threaten bank long term viabil commiss assum bank privatis investor measur achiev bank level profit accept market economi investor commiss consid restructur period privatis bank suffici prospect success germani undertaken introduc privatis procedur immedi closur annual account complet procedur end commiss realist timet connect stipul germani bank make effort remov remain obstacl privatis includ complex structur group slim part restructur process concentr insuffici focus product rang improv group intern transpar addit purchas price tend advers affect fact bank leas larg proport busi premis price exceed market level calcul commiss advis cash disadvantag region eur eur investor expect account tender plan privatis place year expiri state institut guarantor liabil commiss view potenti investor suffici time bank market oper stand basi expiri institut guarantor liabil conduct proper analysi view prepar bid avoid undu distort competit exempt articl ec treati subject condit aid advers affect trade condit extent contrari common interest point guidelin measur mitig advers effect aid competitor condit take form limit presenc compani enjoi market market end restructur period point state compulsori limit reduct compani presenc relev market proport distort effect aid rel import firm market market point relax compensatori measur contempl reduct limit manifest deterior structur market indirect effect creat monopoli tight oligopolist situat explain regard hypothet case insolv view market structur bgb posit market reduct limit bgb presenc lead creation monopoli tight oligopoli compensatori measur form hive asset subsidiari closur capac point guidelin state structur excess product market affect aid compensatori measur make contribut improv market condit irrevers reduc product capac capac reduct irrevers relev asset render perman incap achiev previou rate output perman convert market financi servic market structur excess capac mean point guidelin refer quot product capac quot quot plant quot implicitli manufactur servic industri capac gener adjust easili excess capac spoken bank regard densiti branch network structur sens outcom last drop demand refer labour intens cost intens area capac reduc primarili ground profit view financi servic suffer excess capac capac quot render perman incap achiev previou rate output quot quot perman convert quot capac provid bank servic primarili staff branch advic centr back offic comput telecommun system highli adapt reemploi hire brought market appreci cost irrevers reduct capac imposs test appli case issu commiss consid sale closur reduct subsidiari asset line busi mean point ii offer compensatori measur suffici mitig distort effect aid measur germani initi offer part restructur plan summaris briefli divestitur subsidiari hold main sale retail bank allbank repres germani sold weberbank berlin sold bg zivnostenska banka czech republ sold bg polska sa retail busi quot inteligo quot internet busi sold remaind liquid closur closur branch serv privat corpor custom berlin brandenburg bulk berlin custom centr germani real estat financ offic germani abroad capit market offic locat abroad larg custom intern busi offic locat abroad withdraw line busi long term withdraw larg custom intern busi loan transact foreign bank advisori servic larg custom privatis aircraft financ reduct measur capit market reduct risk asset debt financ real estat reduct volum invest fund eur project develop eur offic closur staff reduct reduct small public sector busi integr remaind corpor busi germani state measur lead reduct staf reduct balanc sheet total roughli eur billion eur billion decis initi procedur commiss comment suffici detail inform make proper assess impact measur case vagu bgb individu area busi posit market ask inform germani suppli detail inform effect individu busi area market paragraph seq impact total asset reduc eur billion total liabil reduc eur billion consolid balanc sheet reduc eur billion decis initi procedur commiss express doubt adequaci plan compensatori measur question propos reduct balanc sheet total regard suffici view larg sum provid aid commiss practic regard restructur assist bank drew attent minimum capit ratio requir law provid rough guid assess compensatori measur bank sector argument order continu busi undercapitalis bank reduc risk asset volum busi proport shortfal capit appli legal minimum core capit ratio risk asset reduc factor seek capit inject equal shortfal capit inject enabl avoid reduct concept quot opportun reduct quot serv render visibl market distort caus capit inject provid rough guid assess compensatori measur commiss point mechan rule case account econom circumst special refer viabil firm competit situat market impact germani argu correct point refer core capit fund made core capit addit capit legal minimum expans busi permit aid contract busi prevent valu factor realiti bank increas risk weight asset capit increas compris addit capit core capit bank addit capit previous account assess base expans busi made addit capit event germani contend capit ratio requir market legal minimum core capit fund bafin confirm approach explain detail comparison averag german bank core capit ratio fund ratio case privat bank averag larg european bank higher core capit ratio germani conclud econom impact market capit inject eur billion valu eur billion commiss accept argument turn risk shield time decis initi procedur econom aid clear germani argu econom risk shield estim eur billion paragraph state real estat servic subject solvenc rule contract busi avoid deriv capit ratio contend risk shield relat essenti busi real estat servic germani argu restructur ibag busi made cover provid compani event market distort measur refer busi estim eur altogeth restructur phase paragraph risk shield eur billion commiss accept estim risk shield altern capit inject eur billion bgb continu busi result interlock risk group effect risk shield compar capit inject eur billion appli capit contribut provid repay agreement event recoveri decis commiss estim maximum eur billion total econom aid eur billion appli factor fund ratio requir reduct balanc sheet serv point refer estim market distort rough guid compensatori measur eur billion eur billion demonstr limit applic opportun argument reduct scale event insolv aid bgb ceas trade convers accept compensatori measur insolv bgb time need ordinari restructur oper compensatori measur scale implement short medium term difficulti cost heavi loss sale part organis cancel termin long term contract posit viabil firm jeopardis long time render probabl imposs firstli consequ compat object restructur aid yardstick measur return recipi firm long term viabil proport impact aid measur individu line busi market opportun argument appli mechan identifi requir level reduct balanc sheet total commiss sought ensur contract volum busi line practic past effect reduct bank presenc market regard effect measur propos individu line busi bgb oper primarili privat corpor retail bank real estat financ real estat servic invest fund project busi capit market monei secur deal line busi signific term volum cut back close relev appli public sector lend segment substanti reduc futur form part corpor busi larg custom intern segment project export financ wound invest bank activ consist small volum share secur issu plai independ role futur ibb develop bank role hive lbb institut liabil guarantor liabil lbb end basi inform provid germani decis initi procedur treat real estat line busi order assess compensatori measur divid real estat financ real estat servic suppli demand structur bgb hous definit real estat financ larg volum financ involv sum eur million upward primarili commerci real estat financ hous construct shop centr carri bgb subsidiari berlinhyp account third entir volum lbb bgb privat real estat financ fall predominantli group privat custom busi bgb real estat servic consist essenti invest fund busi build develop work conduct ibg handl ibag wholli own divis bgb real estat servic area main crisi restructur measur consider benefit risk shield measur repres largest volum aid outset doubt continu line busi summer germani offer hive real estat servic busi bgb transfer land berlin gener intent spelt detail undertak submit germani januari germani undertak ensur decemb bgb group sell liquid hold real estat servic compani cover risk shield detail undertak decemb land bank final decis settl hold suitabl sold outsid transpar open discriminatori bid procedur germani number hold expect small essenti fairli larg compani involv employe cover book guarante afford risk shield detail agreement profit sale transfer land sold outsid compani longer cover guarante risk shield hold sold liquid decemb acquir land berlin market term price determin account commiss land arbitr prove valuat review account commiss bank detail agreement land special right assent inform control real estat servic area exercis bcia earli stage procedur germani announc intent divest lbb develop busi ibb part ibb special reserv lbb core capit intent likewis spelt undertak submit germani januari germani undertak ensur januari ibb develop busi transfer newli set independ develop bank belong land berlin time ibb special reserv hive lbb capit develop bank extent fall core capit ratio januari section ibb special reserv need capitalis bgb invest land dormant hold lbb bear interest market rate time dormant partnership form view lbb long term rate leav public institut guarantor liabil regard contractu structur dormant hold premium determin refer interest rate line compar core capit instrument trade market compar core capit instrument determin basi contractu rule govern risk profil issuer autumn updat pictur measur envisag germani reduc volum busi measur basi asset posit individu busi area period end year figur plan balanc sheet profit loss account billion euro busi area segment asset balanc sheet plan chang retail bankingpriv custom sme custom public sector capit market larg custom intern real estat financ real estat servic subtot interest manag consolid total asset includ ibb ibb balanc sheet total consolid measur plan germani stage result reduct balanc sheet total includ divest eur billion retail bank sale allbank bg polska zivnostenska banka weberbank closur branch privat bank centr asset reduct larg custom intern real estat servic busi line wound hive residu remain dismantl stage public sector busi cut back significantli restructur main pillar bank retail busi berlin area real estat financ capit market busi hive ibb develop support busi view compensatori measur develop busi form part public servic provid land berlin commerci activ note total reduct roughli quarter take account ibb eur billion basic line commiss practic similar case financi servic sector reduc asset balanc sheet item serv primarili give impress gener equat effect reduct busi activ market presenc appli remain princip busi line retail bank sharehold sold polska zivnostenska allbank weberbank branch shut restructur plan valid autumn aim market presenc berlin intact consolid slightli individu segment measur busi area view primarili serv concentr region core busi cut cost close branch real estat financ plan reduct modest relat total volum capit market busi sector major cutback busi line signific volum busi remain germani bgb state make cutback abandon entir busi line difficult jeopardis bank viabil real estat financ busi berlinhyp lbb bgb current market condit incomplet restructur busi area sold short term sold major loss book posit profit contribut expect area end entir restructur process need achiev target result latest commiss examin argument relat data provid conclus divest real estat financ busi short term jeopardis bank viabil paragraph analysi competit situat german market real estat financ show bgb lead supplier origin notif bgb share occupi place date data submit germani adjust public sector lend actual market share fall coincid sourc inform show bgb reach place origin achiev market share mortgag lend market segment urgent reduc bgb market presenc area order avoid unreason distort competit prefer bgb group pull busi area mere continu activ market real estat financ distort competit extent condit withdraw endang restor long term viabil connect commiss welcom intent germani land berlin sell real estat financ busi line separ part privatis bgb capit market busi segment asset reduc busi line make signific hundr million posit profit contribut end restructur process main pillar retail bank group result profit capit market busi essenti restor bgb viabil reduc competit weight bgb nation monei secur market increasingli intern european class signific weight nation real estat financ market commiss examin limit reduct made view aim restructur aid bgb region bank commiss look foreign subsidiari closur divest undertaken subsidiari remain locat london luxembourg dublin continu exist germani vital bank retail busi refinanc end commit abandon bgb ireland plc dublin commiss seek measur capit market sector reason set point guidelin assess compensatori measur account quot rel import firm market market quot retail bank busi privat corpor custom problemat competit point view decis initi procedur commiss express doubt appropri compensatori measur primarili account bgb strong region local posit market sell subsidiari part asset close branch site bgb significantli reduc segment asset attribut busi line reduct origin plan segment asset tabl paragraph achiev essenti remain sell weberbank commiss comment back decis initi procedur quot bgb extrem strong local region market retail corpor bank share rang individu segment local level region level huge gap nearest competitor achiev half fourth bgb share quot commiss doubt connect target reduct retail corpor sector plan divest suffic mitig distort effect aid greater berlin region divest retail bank plan carri except weberbank small direct wealthi privat custom reduc bgb presenc berlin allbank activ countrywid branch berlin bg polska zivnostenska banka oper abroad privat corpor branch close berlin categori close branch larg citi high branch densiti serv cut cost comment germani custom chang bank limit extent addit inform refer provid germani show intent significantli reduc market presenc berlin maintain bgb posit individu segment strengthen slightli respons commiss doubt germani argu volum base market share origin submit bgb individu segment berlin market overst bgb report land central bank group distinguish product market region meant lend deposit volum real estat financ capit market busi area berlin includ figur local retail corpor busi bgb lend deposit volum market volum berlin adjust lend deposit attribut region product area gave privat custom market share bgb deposit payment busi lend corpor sector bgb market share deposit payment lend compar origin notifi figur market share submit germani bgb individu segment corpor custom segment fallen case half bgb nearest competitor berlin retail market berlin volksbank dresdner bank deutsch bank group germani gave market share estim lend privat custom privat custom deposit corpor custom lend corpor custom deposit estim privat custom sector deposit payment segment lend close corpor bank deposit payment lend volksbank assum higher market share bgb estim market share privat custom segment corpor segment germani correct market share privat corpor retail busi refer berlin consid relev region retail bank region busi comment berlin volksbank argu berlin relev geograph market assess aid retail bank line commiss usual assess criteria defin market merger control merger decis bank sector cite factor gener prefer bank custom local supplier signific dens branch network bank physic close custom commiss tend assum merger decis relat financi servic market nation scope absenc competit concern indic domin market posit meant analysi retail bank inappropri defin market nation assess distort effect aid case competit berlin retail bank market precis area pre emin market posit bgb offer compensatori measur reduc market presenc account dual brand strategi thing bgb market posit greater usual region strong save bank german citi concentr made market access difficult potenti competitor meant market share foreign bank berlin neglig purpos decis commiss depart posit germani berlin volksbank respect geograph focu berlin retail bank state decis initi procedur date area merger control gener assum market financi sector nation scope except financi servic left room region definit privat custom corpor bank signific branch network bank local physic presenc retail bank suggest focu berlin market custom behaviour point approach branch close sold larg citi berlin extent custom chang bank tend switch local repres credit institut increas telebank inclus brandenburg area adjoin berlin cast net wide bgb withdraw brandenburg concentr core region suggest purpos decis precis definit geograph market import question prove domin posit assess propos compensatori measur suffic offset distort effect aid issu reduc market presenc doubt disput fact aid help bank remain market preserv strong posit berlin retail market commiss doubt reliabl market share estim submit germani adjust similar report problem individu case affect competitor account market volum parti submit comment proceed ask estim confirm origin figur independ market share calcul verifi distinct region product enquiri show competit base analysi antitrust merger control field carri connect bundesbank land central bank feder cartel offic commiss state aid field commiss power conduct investig competitor purpos decis precis analysi market share explain assess state aid involv prove domin posit exist indisput aid concern distort threaten distort competit market bgb strong posit correspond bgb view lead retail bank berlin adjust market share individu segment contradict correct doubt connect note inform submit germani bgb share market penetr term giro account held privat custom comment bgb chairman board bank market share brand berlin sparkass berlin bank case doubt bgb enjoi strong market posit lead retail group greater berlin area popul roughli million market posit significantli chang foundat berlin bank berlin sparkass combin sparkass west berlin east berlin enjoi quasi monopoli posit brought roof start crisi quot stabil quot serv indic market power vi vi actual potenti competitor background commiss made clear approv restructur aid basi compensatori measur leav bgb posit berlin market retail bank basic intact compat eu state aid rule germani remain preoccupi bank argument threat viabil intens negoti decemb repres feder govern land berlin germani final commit divest berlin bank compensatori measur view enabl commiss approv aid impos extens compens measur undertak ensur group sell quot berlin bank quot divis econom entiti includ trade custom relat trade branch offic staff legal effect open transpar discriminatori procedur octob close februari effect date determin number custom branch front offic staff decemb take account plan implement restructur plan notifi commiss natur busi fluctuat increas decreas number custom staff asset liabil base individu decis reloc custom employe dissatisfact previou bank employ influenc bank mean bgb allow incit custom transfer berlin bank part group berlin sparkass truste appoint germani land berlin approv commiss ensur bank continu restructur berlin bank accord busi sens invest take step reduc transfer privat corpor custom sale staff berlin sparkass part bankgesellschaft group sale berlin bank reduc asset retail bank eur measur plan promis eur bgb market share individu segment berlin retail busi reduc sixth result sale balanc sheet total reduc roughli eur billion eur billion commiss view complet plan promis divest closur reduct kind suffic mitig distort effect aid measur issu lastli mention origin notif germani state berlin region mean articl ec treati qualifi region aid point guidelin account assess compensatori measur give explan specif detail point state assess criteria guidelin appli assist area capac reduct requir market excess structur capac stringent decis initi procedur commiss note posit absenc specif detail assess extent criterion appli germani back point proceed explain bank sector involv market excess structur capac commiss consid point applic case aid limit minimum commiss view germani demonstr satisfactorili amount aid measur grant capit inject risk shield agreement treatment claim repay brought bank land berlin limit strict minimum need enabl restructur undertaken light exist financi resourc bank sharehold bank receiv surplu cash surplu resourc misus purpos unreason expans busi expens competitor eur billion capit inject august initi grant rescu aid assess basi bank secur core capit ratio fund ratio state commiss vital bank short term surviv effort reduc risk exposur bank subsequ manag increas core capit ratio end ratio stood view current practic financi market expect rate agenc market particip commiss core capit ratio absolut vital longer term ensur bank attract capit market amount capit inject absolut maintain bank core capit ratio assess restructur aid regard strict minimum approv explain order prepar end form public liabil introduct ia basel ii accord bank see constrain increas core capit ratio effort secur rate requir refinanc term operation defens commiss welcom plan stabilis bank explain paragraph risk shield nomin eur billion worth eur billion econom term purpos assess state aid point berlin volksbank argu land risk shield constitut unlimit addit fund commit land berlin liabil estim present quot blank chequ quot futur loss berlin volksbank view disproportion size durat afford bank virtual unlimit creditworthi quot uncondit licenc quot submit offer term precis figur put addit fund commit elig approv commiss believ argument incorrect endors germani view contrari berlin volksbank claim risk shield structur specif bank expand bank busi ensur bank disappear market altogeth role confin protect bank risk deriv busi gener busi make busi shield real estat servic compani bank gener continu exist indirect consequ aid measur criterion determin amount aid limit strictli safeguard continu exist undertak risk shield provid bank liquid indemnifi continu loss real estat servic compani bank absorb land make payment post amount actual claim creditor base legal entitl addit detail agreement land exercis risk control compani extens right carri inspect reserv approv depth descript work detail agreement commiss refer germani comment commiss risk shield limit strict minimum commiss consid aid maximum econom eur billion contain agreement land berlin bank treatment claim repay brought land berlin aris decis case limit strict minimum agreement bank request auditor includ annual account reserv impend liabil amount hundr million euro neg impact bank annual result fund time annual account drawn bank report core capit ratio partli figur bank cope pressur core capit ratio stage restructur explain commiss believ long term core capit ratio absolut vital decis case commiss oblig land berlin recov bank aid element incompat common market land berlin leav claim form deposit bank happen maintain core capit ratio critic date januari commiss view constitut strict minimum authoris commiss repay agreement maximum econom eur billion limit except case similar present case extent repay inevit undermin viabil compani restructur plan accept framework agreement constitut restructur aid creat addit compensatori measur germani final commit divest berlin bank conclus aid total eur billion consist measur capit inject eur billion land berlin bgb august risk shield amount maximum eur billion nomin term made land berlin bgb period decemb april econom eur billion repay agreement land berlin bgb decemb potenti recoveri commiss decis case landesbank berlin girozentral econom eur billion precondit exist state aid articl ec treati met state resourc favour treatment specif undertak distort competit effect trade member state derog principl incompat state aid common market articl ec treati read conjunct commun guidelin state aid rescu restructur firm difficulti applic assess light criteria guidelin commiss conclud restructur measur carri plan reason logic fundament order enabl bgb restor long term viabil commiss view sale closur reduct measur carri plan promis suffici offset market distort effect aid measur question commiss consid aid measur grant capit inject risk shield agreement treatment claim repay brought bank land berlin limit strict minimum need enabl restructur undertaken light exist financi resourc bank sharehold bank receiv surplu cash surplu resourc misus purpos unreason expans busi expens competitor adopt decis articl measur bankgesellschaft berlin ag group quot bgb quot constitut state aid mean articl ec treati capit inject eur billion land berlin august guarante quot risk shield quot maximum nomin eur billion grant land berlin decemb april agreement decemb land berlin landesbank berlin lbb treatment claim brought land berlin lbb final decis commiss case pend aid measur refer paragraph compat common market provid germani fulli observ undertak commun germani set articl decis annex hereto provid aid refer paragraph give rise core capit ratio januari bgb group take account hive ibb accord articl articl germani undertaken ensur time implement notifi restructur plan accord condit laid annex ensur land berlin sell hold bgb accord condit laid annex ensur bgb group sell liquid hold real estat servic compani cover risk shield april accord condit laid annex ensur ibb special reserv transfer back accord condit laid annex ensur bgb group sell quot berlin bank quot divis lbb accord condit laid annex ensur bgb group sell hold bgb ireland plc decemb suffici reason request germani commiss grant extens deadlin undertak except case dispens amend replac requir condit set undertak germani request deadlin extend suffici reason request commiss latest month expiri deadlin articl germani inform commiss month notif decis measur measur intend compli decis articl decis address feder republ germani germani requir forward copi decis recipi aid immedi brussel februari commiss mario monti member commiss oj regul amend act access oj oj footnot footnot part text edit ensur confidenti inform disclos part enclos squar bracket berlin bank previous form part bgb berlin sparkass form part lbb footnot speech gener meet mr vetter chairman manag board juli http www bankgesellschaft de bankgesellschaft ir hauptversammlung index html paragraph http www bankgesellschaft de bankgesellschaft pk index html privat custom giro account answer germani june quot eurohypo quot decis june german antitrust author bundeskartellamt leader segment real estat financ busi portfolio busi firm eurohypo hypovereinsbank group depfa group bhf group baylb deutsch bank busi contribut eurohypo likewis rank ahead bgb decis list lead competitor bank insur stock exchang supervis merg feder institut financi servic supervis bafin oj publish gesetz und verordnungsblatt für berlin year oj oj join case spain commiss ecr oj commiss decis ec aid grant franc crédit lyonnai group oj commiss observ agreement german develop bank govern assist task public sector repres commerci activ implic competit recognis compensatori measur institut liabil anstaltslast guarantor liabil gewährträgerhaftung preserv case govern assist busi busi hive independ develop bank oj theoret round maximum arriv appli methodolog commiss westlb decis ec oj work normal market compens take consider judgment court instanc european commun march join case westdeutsch landesbank girozentral land nordrhein westfalen commiss rec ii relev data lbb compound interest oj oj oj basi institut liabil applic juli land berlin intern relationship lbb requir provid lbb public law bodi resourc perform task land decid termin busi guarantor liabil trigger land berlin issu statement deposit guarante fund privat german bank berlin bank ag meantim merg bgb effect german author risk liabil part land berlin deposit guarante fund rule case estim refer figur account hive public develop activ ibb decis ec establish fund ratio amount addit capit account exce amount core capit oj oj agreement german develop bank develop support activ public servic commerci activ open competit view compensatori measur institut liabil guarantor liabil maintain develop busi hive independ develop bank feder cartel offic decis june eurohypo newli creat eurohypo hypovereinsbank group depfa group bhf group baylb led submarket real estat financ sector term exist busi deutsch bank share eurohypo bgb decis list lead competitor market share berlin bank retain custom event branch closur market share berlin brandenburg region person bank corpor bank submit subsequ sake complet reason smaller latest restructur measur involv divest closur site brandenburg bgb presenc brandenburg limit updat countri wide figur longer submit commiss decis march declar compat common market concentr case iv bank austria creditanstalt base council regul eec oj commiss decis march case iv bank austria creditanstalt commiss decis septemb declar compat common market concentr case iv general bank crédit lyonnai bank nederland base council regul eec oj speech gener meet juli divest berlin bank effect februari latest effect shown balanc sheet annex articl germani ensur notifi restructur plan amend accord feder govern commun januari implement includ undertak contain articl line timet element restructur plan respect deadlin implement forthwith event suffici time deadlin met articl germani ensur land berlin introduc open transpar discriminatori tender procedur annual account bankgesellschaft berlin ag approv complet procedur decemb independ land connect bgb ag berlin bank mean articl commiss block exempt regul vertic agreement reason posit satisfi condit impos relev competit author acquisit hold bgb ag capabl basi financi strength rate guarante bank solvenc long run appli review claus contain articl undertak sell commiss due account suppli side condit situat capit market articl germani ensur balanc sheet purpos bgb group accord rule set sell liquid decemb latest hold real estat servic compani cover risk shield april decemb land bank definit determin hold real estat servic compani suitabl sale parti hold sold transpar open discriminatori tender procedur hold real estat servic compani liquid sold parti balanc sheet date decemb acquir land berlin market term purchas price determin march basi valuat carri independ auditor commiss land subsequ review independ auditor appoint bank place basi recognis valuat procedur event diverg valuat absenc agreement contract parti determin expert appoint institut der wirtschaftsprüf deutschland german auditor institut independ assess commiss juli latest busi real estat servic compani transfer land wound confin orderli manag risk cover detail agreement bank invest compani extent activ order avoid heavi land transfer tax burden remain hold immobilien und baumanag der bankgesellschaft berlin gmbh ibg remain bankgesellschaft group group influenc manag ibg immobilien und beteiligungen aktiengesellschaft ibag remain bankgesellschaft group chang trade orient work compet center hold compani compani call neg list compani exclud risk shield bankgesellschaft group share function hold compani compani neg list orderli administr wind risk result compani work compet center connect liquid real estat financ ibag longer carri real estat servic busi articl germani ensur januari latest develop busi investitionsbank berlin ibb unincorpor institut date manag depart landesbank berlin lbb transfer independ develop bank land berlin ibb special reserv landesbank berlin extent januari provid capit develop bank hive landesbank core capit ratio tier bankgesellschaft group hive ibb fall amount eur billion part ibb special reserv provid capit bankgesellschaft group accord paragraph inject lbb land berlin directli indirectli contribut kind exce eur billion form dormant hold rank core capit claim land berlin lbb transfer part special reserv creat inject dormant hold dormant hold bear interest normal market rate connect contract set dormant compani sign mark refer interest rate determin compar core capit instrument trade market calcul basi long term rate lbb take account discontinu institut guarantor liabil anstaltslast gewährträgerhaftung complianc contractu form dormant hold compar core capit instrument determin basi contractu rule instrument rate issuer articl germani ensur bankgesellschaft group sell berlin bank depart lbb econom entiti inclus trade relat intellectu properti right privat corpor custom busi carri trade berlin bank branch front offic staff effect date number custom branch front offic staff decemb take account plan implement restructur plan notifi commiss accord articl natur busi fluctuat increas decreas number custom staff asset liabil base individu decis reloc custom employe dissatisfact previou bank employ influenc bank asset staff includ sale truste close monitor complianc condit tender procedur open transpar discriminatori start complet octob sale effect februari latest month receipt decis germani propos commiss suitabl truste mandat independ truste requir law observ profession secreci expens germani monitor proper sale ensur bank continu restructur berlin bank sound busi manner invest reduc transfer privat corpor custom sale personnel berlin sparkass part bankgesellschaft group truste work delai commiss truste discov irregular commiss notifi immedi buyer independ bankgesellschaft berlin financi resourc proven expertis incent maintain develop berlin bank viabl activ econom forc competit bankgesellschaft berlin competitor rule incorpor berlin bank buyer compani corpor ident amend mid term financi plan januari implement commit submit forthwith germani commiss approv gener provis govern implement report germani amend notifi restructur plan januari take account undertak articl decis prior approv commiss germani ensur divest sale provid articl place transpar procedur open potenti domest foreign buyer sale condit claus inappropri restrict number potenti bidder tailor specif potenti bidder germani ensur divest sale adequ publicis except sale accord articl place public intern press medium commun english law permit bidder afford direct access inform due dilig procedur buyer select basi econom criteria proce bank sale full financ bank restructur plan accru land berlin detail agreement april annex notif germani ensur perform undertak set articl verifi time commiss expert act time carri ensur unrestrict access commiss inform monitor implement decis commiss consent germani seek explan clarif directli bank germani bank cooper fulli enquiri made commiss consult act year inclus germani send progress report commiss report give detail sale closur subsidiari depart accord articl decis indic date sale closur book decemb purchas price profit loss connect sale closur detail measur implement restructur plan report submit supervisori board bankgesellschaft berlin ag month bgb group annual account approv relev financi year event latest year summaris content commit commun germani februari origin german text commun word relev decis oj annex detail agreement april annex notif