LfA Förderbank Bayern is a German regional development bank for the German state of Bavaria. It was established by law of 1950/12/07, initially as Landesanstalt für Aufbaufinanzierung (LfA),[1] which makes it the oldest of the Förderbanken. It is headquartered in Munich.[2]
History
LfA started operations on 1951/05/01.[1] It provides financing for start-ups, environmental protection, and other areas deemed of public interest. It does not compete with commercial banks but co-lends or co-invests with them and provides guarantees. It also controls investment companies, namely BayBG Bayerische Beteiligungsgesellschaft mbH and Bayern Kapital GmbH.[3]
In July 2021, the latter was entrusted with the management of a €200 million scale-up fund at the initiative of the Bavarian state government.[4]
Operations
Together with other Förderbanken and the more commercially oriented Landesbanken, LfA Förderbank Bayern is a member of the Association of German Public Banks (VÖB).[5] Since September 2023, it has been a member of the United Nations Global Compact.[6]
See also
References
- Richard Winkler. Bayerische Landesanstalt für Aufbaufinanzierung (LfA) Historisches Lexicon Bayerns, 2014^
- LfA Förderbank Bayern Fördermittel Deutschland^
- LfA Förderbank Bayern Bayern International^
- Dan Taylor. Bavarian Government flips the switch on €200 million ScaleUp fund tech.eu, 2021/07/15^
- Mitglieder VÖB Bundesverband Öffentlicher Banken Deutschlands^
- LfA Förderbank Bayern United Nations Global compact^