German private bank
Internationales Bankenhaus Bodensee AG is a private bank headquartered in Friedrichshafen. 94.42 percent of its shares belong to the Würth-Gruppe and the remaining 5.58 percent are held by the Hypo Vorarlberg Bank.[4]
Business model
The bank is a niche supplier in the Bodensee area for investment consultancy of wealthy private customers and the support of middle class businesses with border-crossing interests. The bank is known to be leading in credit financing of soccer clubs.[5] Almost half of all first and second league clubs are on the banks customer list.[6]
History
The bank was founded in 1996[1] under the leadership of the Landesbank Baden-Württemberg and the Vorarlberger Landes- und Hypothekenbank. Through merging the market shares of the Landeskreditbank Baden-Württemberg, the LG and the Südwest LB to the LBBW, the ownership of the Landeskreditbank was passed to the LBBW. Due to the integration of the BW-Bank and the following reorientation, the LBBW sold its shares in 2005 and 2006 to the Würth-Gruppe, which held 88.55% of the Internationales Bankhaus Bodensee AG shares until 2009. In spring 2009 the Würth-Gruppe bought the 1.45% of shares the management had held up until that point, increasing shares to 90%.
References
External links
47°39′23″N 9°27′45″E / 47.656452°N 9.46263°E / 47.656452; 9.46263
