Landesbank Baden-Württemberg (LBBW): Best Primary Markets Team Germany 2023

Landesbank Baden-Württemberg (LBBW) is a German banking group with 200 years of experience and consistently high marks from international rating agencies. LBBW has earned the trust of corporate, retail and institutional customers at home and abroad. The mid-sized universal bank ranks among the most active issuers worldwide. In 2022, LBBW generated €901m in operating profit before tax. Despite market volatility and geopolitical crises, it achieved the highest company profit since 2006. And that figure excludes the effect of a 2022 consolidation that bolstered before-tax profit to €1.9bn. LBBW was able to accomplish this thanks to a business model aiming to achieve growth and relevance by supporting socio-economic development via sustainable and innovative solutions. The bank is supported by a workforce of 10,000 professionals across 100 nationwide locations and 17 international offices. The primary markets team partners with clients seeking to raise capital through the issuance of new securities. It works with SMEs, multinational corporates, international banks, pension schemes, institutional investors, public sector entities and commercial real estate developers. LBBW leads the market for EU covered bonds in terms of trades and volume. Between June 2022 and May 2023, the bank worked with 72 bond issuers to lead-manage 101 transactions. Three-fourths of those deals were executed outside of Germany by LBBW’s debt capital markets department. The judging panel points to the bank’s superior distribution and execution performance as cinching factors in Landesbank Baden-Württemberg claiming the 2023 award for Best Primary Markets Team (Germany).