European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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LfA development bank Bavaria

Organisation
Original name: 
LfA Förderbank Bayern
Address:
Königingstraße 17
80539 Munich
Germany
DE
Mission

LfA Förderbank Bayern, founded in 1951, is the specialist development bank of the Free State of Bavaria. Its mandate is to use the instruments of a bank to provide financial support for the projects of commercial companies and professions in almost all branches of industry and for other measures designed to improve Bavaria's economic, transport, energy and environmental structure.

Activities

At the centre of LfA’s business activities is support for investment by those looking to start a business and by small and medium-sized enterprises (SME); this support is designed to compensate for the financial disadvantage these smaller firms face compared with larger companies. The aim is to create new and safeguard existing jobs in Bavaria. Where the development loans contain subsidy components, they are generally aimed at SME as defined by the European Commission.
LfA’s business activities are defined by both its development role and its status as a bank. The objectives of the bank are to promote the development of the Bavarian economy, focus on the clients needs, to bundle all economic development instruments as well as to maintain their independence.