BankFocus - bank report of Bayerische Landesbank

Bayerische Landesbank

Global detailed format

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 1

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Income statement
Interest income on customer loans & advances 3,473 3,503 n.a.
Interest income on bank loans (including n.a. n.a. n.a.
central banks)
Interest income and preferred stock dividends 262 2,130 n.a.
on securities
Other interest income 2,202 472 426
Total interest income 5,937 6,105 426
Interest expense on customer deposits 1,277 1,366 n.a.
Interest expense on debt securities 580 575 n.a.
Interest expense on bank deposits (including n.a. n.a. n.a.
central banks)
Other interest expenses 2,346 2,422 n.a.
Total interest expense 4,203 4,363 n.a.
Net interest income (expense) 1,734 1,742 426
Fee & commission income 715 676 71
Fee & commission expense 428 406 n.a.
Net fee & commission income (expense) 287 270 71
Net trading income (losses) on securities and -134 -15 -19
derivatives
Net gains (losses) on assets & liabilities at fair 122 89 -65
value (FV) through P&L
Net gains (losses) on other securities (including 35 28 11
FV through OCI)
Total net trading income (losses) and fair value 23 102 -73
(FV) gains (losses)
Net insurance income (losses) n.a. n.a. n.a.
Dividend income n.a. n.a. n.a.
Net gains (losses) on real estate -3 -3 n.a.
Other operating income 297 195 2
Operating revenues 2,338 2,306 426
Net impairment charges on loans & advances -145 -135 72
Net impairment charges on other assets -106 n.a. 0
Total net impairment charges -251 -135 72
Operating revenue after impairments 2,589 2,441 354
Staff expenses 771 725 390
Other administrative expenses 612 578 n.a.
Other operating expenses 206 180 115
Total operating expenses 1,589 1,483 505
Operating profit 1,000 958 -151
Share of profits (losses) from associates and joint n.a. n.a. n.a.
ventures (JVs)
Non-operating income 4 14 n.a.
Non-operating expenses 351 103 n.a.
Profits (losses) on acquisition / disposal of n.a. n.a. n.a.
subsidiaries
Profit (loss) before tax 653 869 -151
Income tax expense (benefits) 187 41 1
Net profit (loss) for the year from discontinued n.a. n.a. n.a.
operations
Profit (loss) after tax 466 828 -152
Dividend paid n.a. 175 n.a.
Retained Income 466 653 -152

Common dividends related to the period n.a. 175 n.a.

Preferred dividends related to the period n.a. n.a. n.a.
Dividends paid (from changes in Equity section) 180 51 n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 2

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Profit attributable to group equity holders 463 822 -152
Profit attributable to non-controlling interest 3 6 0

Changes in other comprehensive income

(OCI)
Net income 466 828 -152
Foreign currency translation differences n.a. n.a. n.a.
Change in value of Available for sale (AFS) n.a. n.a. n.a.
investments
Other changes to Available for sale (AFS) n.a. n.a. n.a.
reserve
Available for sale (AFS) securities reserve n.a. n.a. n.a.
changes
Net gains (losses) to cash flow hedging reserve n.a. -112 n.a.
from changes in fair value (FV)
Cash flow hedging reserve changes n.a. n.a. n.a.
Revaluation of fixed assets n.a. n.a. n.a.
Property revaluation changes n.a. n.a. n.a.
Cashflow hedging reserve changes n.a. n.a. n.a.
Other comprehensive income (OCI) gains (losses) -211 -87 n.a.
Comprehensive income 255 629 n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 3

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Assets
Cash & balances with central banks 8,512 3,335 n.a.
Net loans & advances to banks 31,096 36,601 32,100
Reverse repos, securities borrowed & cash n.a. n.a. n.a.
collateral
Derivative financial instruments 10,348 8,779 n.a.
Financial assets: trading and at fair value 5,048 4,475 16,500
through P&L
Financial assets at fair value through other n.a. n.a. n.a.
comprehensive income (FVOCI)
Financial assets: Available for sale (AFS) n.a. n.a. n.a.
Financial assets: Held to maturity (HTM) n.a. n.a. n.a.
Other securities 23,014 25,020 n.a.
Total financial assets: securities 28,062 29,495 16,500
Investments in associated companies 548 445 23,600
Mortgage loans n.a. n.a. n.a.
Consumer loans 120,174 114,252 n.a.
Corporate loans n.a. n.a. n.a.
Other loans 24,823 24,620 150,300
Gross loans & advances to customers 144,997 138,872 150,300
Loans loss reserves 963 1,034 n.a.
Net loans & advances to customers 144,034 137,838 150,300
Brokerage receivables n.a. n.a. n.a.
Deferred tax assets 581 696 n.a.
Investment property 28 29 n.a.
Fixed assets (property, plant and equipment) 544 342 n.a.
Insurance assets 227 225 n.a.
Current tax assets 205 16 n.a.
Discontinued operations n.a. n.a. n.a.
Foreclosed / Other real estate owned n.a. n.a. n.a.
Other assets 1,678 2,341 19,300
Other assets 2,682 2,953 19,300
Goodwill n.a. n.a. n.a.
Other Intangible assets 102 85 n.a.
Intangible assets 102 85 n.a.
Total assets 225,965 220,227 241,800

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 4

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Liabilities
Demand deposits 39,117 33,062 n.a.
Savings deposits n.a. n.a. n.a.
Time deposits 41,986 39,336 n.a.
Other customer deposits 8,437 21,081 107,900
Customer deposits 89,540 93,479 107,900
Bank deposits 47,811 54,060 55,200
Other wholesale deposits n.a. n.a. n.a.
Short-term borrowings and debt securities at n.a. n.a. n.a.
historical cost < 1 year
Long-term borrowings and debt securities at 56,751 45,469 46,100
historical cost > 1 year
Financial liabilities at fair value through P&L n.a. n.a. n.a.
Other long term borrowing n.a. n.a. n.a.
Repurchase agreements, securities loaned, cash 1,058 n.a. n.a.
collateral
Derivative financial instruments 9,180 7,569 12,100
Trading liabilities 2,356 1,421 n.a.
Brokerage payables n.a. n.a. n.a.
Other liabilities 277 500 7,700
Discontinued operations n.a. n.a. n.a.
Insurance liabilities n.a. n.a. n.a.
Current tax liabilities 241 275 n.a.
Deferred tax liabilities n.a. n.a. n.a.
Provisions 4,809 4,252 n.a.
Other deferred liabilities 305 22 n.a.
Other liabilities and provisions 5,632 5,049 7,700
Subordinated liabilities 2,107 1,925 1,700
Total liabilities 214,435 208,972 230,700
Preference shares accounted for as debt n.a. n.a. n.a.
Other hybrid capital n.a. n.a. n.a.
Hybrid capital (part of liabilities) n.a. n.a. n.a.
Total liabilities (including Hybrid capital) 214,435 208,972 230,700
Common equity: par value and capital surplus 5,594 5,594 n.a.
Preference shares accounted as equity n.a. n.a. n.a.
Valuation gains (losses) on Available for sale n.a. n.a. n.a.
(AFS) securities
Valuation gains (losses) on property n.a. n.a. n.a.
Cashflow hedging reserve n.a. n.a. n.a.
Foreign exchange revaluation reserves 2 2 n.a.
Pension and related reserves n.a. n.a. n.a.
Other reserves 1,377 1,293 11,100
Treasury / Own shares n.a. n.a. n.a.
Retained earnings 4,541 4,348 n.a.
Shareholders' equity 11,514 11,237 11,100
Non-controlling interests 16 18 n.a.
Total equity 11,530 11,255 11,100
Total equity (including Hybrid capital) 11,530 11,255 11,100
Total liabilities and equity 225,965 220,227 241,800

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 5

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Off-balance sheet items
Guarantees 12,435 11,202 n.a.
Acceptances and documentary credits n.a. n.a. n.a.
Committed credit facilities 25,857 26,324 n.a.
Managed securitized assets n.a. n.a. n.a.
Other exposure to securitizations n.a. n.a. n.a.
Other contingent liabilities 18 3 n.a.
Total off-balance sheet exposure 38,310 37,529 n.a.
Total on and off-balance sheet items 264,275 257,756 241,800

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 6

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Ratios
Capital adequacy
Total Equity (including Hybrid capital) 11,530 11,255 11,100
Common Equity / Core Tier 1 (CET1) (as 10,264 9,973 9,900
reported)
Common Equity / Core Tier 1 ratio (Basel III Fully n.a. 15.20 14.70
loaded)%
Common Equity / Core Tier 1 ratio (as 15.90 15.20 14.70
reported)%
Tier 1 ratio (as reported)% n.a. 15.20 n.a.
Total capital adequacy ratio (as reported)% 18.30 17.50 16.70
Total equity / Total assets% 5.10 5.11 4.59
Total equity / Risk-weighted assets (RWAs)% 17.85 17.16 16.54
Tangible common equity / Tangible assets% 5.06 5.07 4.59

Basel III leverage ratio - Fully loaded% n.a. n.a. n.a.

Total Loss Absorbing Capacity (TLAC / MREL) n.a. n.a. n.a.
ratio%
CET1 / Economic capital requirement% n.a. n.a. n.a.

CET1 capital generation (net income - dividends / 5.60 5.80 -5.48

total equity)%
Growth in CET1% 2.92 6.18 0.00
Growth in risk weighted assets (RWAs)% -1.51 6.80 -1.76
Risk weighted asset intensity (RWA / Total 28.59 29.79 27.75
Assets)%
Credit RWA / Total RWA% n.a. 89.14 n.a.
Counterparty RWA / Total RWA% n.a. n.a. n.a.
Market RWA / Total RWA% n.a. 5.12 n.a.
Operational RWA / Total RWA% n.a. 5.75 n.a.

Asset quality
Total assets 225,965 220,227 241,800
Interest earning assets 198,144 199,459 182,400
Other earning assets 16,199 13,953 40,100
Total earning assets 214,343 213,412 222,500
Customer loans & advances / Total assets% 63.74 62.59 62.16
Growth in total assets% 2.61 2.66 -0.98
Growth in gross customer loans &advances% 4.41 3.11 2.95
Growth in net customer loans & advances% 4.50 3.24 2.95
Impaired loans / Gross customer loans & 1.13 1.30 0.70
advances%
NPL ratio (as reported)% 0.70 0.80 0.70
Stage 3 loans / Gross loans and advances% 1.14 1.31 n.a.
Stage 2 & Stage 3 loans /Gross customer loans 5.90 19.42 n.a.
and advances%
Impaired loans / Average risk weighted assets 2.52 2.85 n.a.
(RWAs)%
Impaired loans + foreclosed assets / gross 1.13 1.30 n.a.
customer loans & advances + foreclosed assets%
Lagged impaired loans (Impaired loans % prior 1.18 1.35 n.a.
year gross customer loans & advances)
Impaired including restructured and Past due but 1.13 1.30 n.a.
not impaired / Gross customer loans &
advances%
Loan loss reserves / Impaired loans% 58.68 57.10 n.a.
Loan loss reserves / Gross customer loans & 0.66 0.75 n.a.
advances%
Stage 3 ECL coverage on Stage 3 loans% 42.78 40.75 n.a.
BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 7
BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Stage 2 & 3 ECL coverage on Stage 2 & 3 loans% 9.92 3.51 n.a.
Stage 1,2, & 3 ECL coverage on Stage 1, 2 & 3 0.67 0.75 n.a.
loans%
Loan loss reserves / Average risk weighted assets 1.48 1.63 n.a.
(RWAs)%
Net impairment charges / Net interest income% -8.36 -7.75 16.90
Net impairment charges / Average gross -0.10 -0.10 0.19
customer loans & advances%
Total net impairment charges / Pre-impairment -33.51 -16.40 n.a.
operating profit%
Net charge offs (NCOs) / Average gross customer -0.22 -0.16 n.a.
loans & advances%
Impaired loans / Total equity% 14.23 16.09 n.a.
Unreserved impaired loans / Total equity% 5.88 6.90 n.a.

Earnings
Pre-impairment operating profit 749 823 -79
Net income 466 828 -152
Return on average equity (ROAE)% 4.09 7.50 -5.40
Operating profit / average total equity% 8.78 8.68 -5.37
Return on average assets (ROAA)% 0.21 0.38 -0.25
Return on risk weighted assets (RoRWA) 1.55 1.46 -0.90
(Operating profit / RWAs)%
Recurring earning power (Pre-impairment 0.34 0.38 -0.13
operating profit / Average total assets)%
Net interest margin (NIM)% 0.88 0.87 0.93
Interest income / average interest earning 2.78 2.90 0.73
assets%
Interest expense / average interest bearing 2.04 2.17 n.a.
liabilities%
Net interest income / Average risk-weighted 2.66 2.74 2.52
assets (RWAs)%
Net fee and commission income / Average risk- 0.44 0.43 0.42
weighted assets (RWAs)%
Operating expense / Average risk-weighted assets 2.44 2.34 2.98
(RWAs)%
Net income / Average risk-weighted assets 0.72 1.30 -0.90
(RWAs)%
Net interest income / Operating revenues% 74.17 75.54 100.00
Interest income on loans / Average gross 2.45 2.56 n.a.
customer loans & advances%
Interest expense on customer deposits / Average 1.40 1.48 n.a.
customer deposits%
Non-interest income / Operating revenues% 25.83 24.46 0.00
Cost to income (Efficiency) ratio% 67.96 64.31 118.55
Cost to average asset ratio% 0.71 0.68 0.83
Dividends related to the period / Net income n.a. 21.14 n.a.
(Dividend pay-out ratio)%

Liquidity and funding

Wholesale funding 107,727 101,454 103,000
Short-term wholesale funding 48,869 54,060 55,200
Minimum risk assets 8,512 3,335 n.a.
Liquid assets 44,656 44,411 48,600
Liquid assets (including held to maturity) 67,670 69,431 48,600
Liquid assets / Total assets% 19.76 20.17 20.10
Liquid assets (including available for sale & held 29.95 31.53 20.10
to maturity) / Total assets%
BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 8
BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Loans & advances to customers / Total assets% 63.74 62.59 62.16
Loans & advances to customers maturing in < 1 n.a. n.a. n.a.
year / Loans & advances to customers%
Deposits maturing in < 1 Year / Total deposits% 61.95 60.90 n.a.
Gross loans & advances to customers / Customer 161.94 148.56 139.30
deposits%
Interbank assets / Interbank liabilities% 63.63 67.70 58.15
Minimum risk assets / Deposits & short-term 6.15 2.26 n.a.
funding%
Liquid assets / Deposits & short-term funding% 32.26 30.10 29.80
Customer deposits / Total funding excluding 44.86 47.61 51.16
derivatives%
Wholesale funding / Total funding excluding 53.97 51.67 48.84
derivatives%
Basel Liquidity pool n.a. n.a. n.a.
Basel Liquidity Coverage Ratio (LCR)% 168.00 143.00 154.00
Basel Net Stable Funding Ratio (NSFR)% n.a. n.a. n.a.

Sensitivity to market risk

Fair value assets / Total assets% 6.81 6.02 6.82
Level 3 assets / Securities% 1.68 1.92 n.a.
Level 3 assets / Common Equity Tier 1 (CET1) 6.33 7.42 n.a.
capital%
Trading revenues / Operating revenues% -5.73 -0.65 -4.46
Daily trading revenues / Average VaR% n.a. n.a. n.a.
Average VaR / Pre-tax profit% n.a. n.a. n.a.
High point VaR / Common Equity Tier 1 (CET1) n.a. n.a. n.a.
capital%
Stressed VaR / Common Equity Tier 1 (CET1) n.a. n.a. n.a.
capital%
+/- 100 bp sensitivity to interest rate risk / n.a. n.a. n.a.
Common Equity Tier 1 (CET1) capital%
+/- 100 bp sensitivity to interest rate risk / Net n.a. n.a. n.a.
interest income%
Net FX exposure / Common Equity Tier 1 (CET1) 48.69 26.85 n.a.
capital%

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 9

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Capital Adequacy
Risk weighted assets (RWAs) - Basel III Fully
loaded
Credit risk - Fully loaded n.a. n.a. n.a.
Counterparty risk - Fully loaded n.a. n.a. n.a.
Market risk - Fully loaded n.a. n.a. n.a.
Operational risk - Fully loaded n.a. n.a. n.a.
Other risk-weighted assets (RWAs) - Fully n.a. n.a. n.a.
loaded
Total risk-weighted assets (RWAs) - Fully loaded n.a. n.a. n.a.
(highest)
Risk weighted assets (RWAs) - Basel III
Transitional
Credit risk n.a. 58,468 n.a.
Counterparty risk n.a. n.a. n.a.
Market risk n.a. 3,356 n.a.
Operational risk n.a. 3,770 n.a.
Other risk weighted assets (RWAs) 64,604 n.a. 67,100
Total risk weighted assets (RWAs) - Transitional 64,604 65,594 67,100
(highest)

Capital Charge Credit Risk n.a. 4,677 n.a.

Capital Charge Market Risk n.a. 269 n.a.
Capital Charge Operational Risk n.a. 302 n.a.

Composition of capital - Basel III Transitional

and prior versions of Basel
Common Equity / Core Tier 1 10,264 9,973 9,900
Additional Tier 1 n.a. 1 n.a.
Tier 1 10,264 9,974 9,900
Tier 2 n.a. 1,491 n.a.
Other eligible capital 1,557 n.a. 1,300
Total Transitional capital 11,821 11,465 11,200

Composition of capital - Basel III Fully loaded

Common Equity / Core Tier 1 n.a. n.a. 9,900
Additional Tier 1 n.a. n.a. n.a.
Tier 1 n.a. n.a. 9,900
Tier 2 n.a. n.a. n.a.
Other eligible capital n.a. n.a. n.a.
Total Fully loaded capital n.a. n.a. 9,900

Basel III capital ratios - Basel III Transitional

and prior versions of Basel
Common Equity / Core Tier 1 ratio% 15.90 15.20 14.70
Tier 1 ratio% n.a. 15.20 n.a.
Total capital adequacy ratio% 18.30 17.50 16.70

Basel III capital ratios Fully loaded (as

reported)
Common Equity / Core Tier 1 ratio% n.a. 15.20 14.70
Tier 1 ratio% n.a. n.a. n.a.
Total capital adequacy ratio% n.a. n.a. n.a.

Basel III Common Equity / Core Tier 1

reconciliation
Shareholders' equity per balance sheet n.a. n.a. n.a.
Foreseeable interim dividend n.a. n.a. n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 10

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Preference and other non-common equity to be n.a. n.a. n.a.
excluded
Other adjustments n.a. n.a. n.a.
Non-controlling interests per balance sheet n.a. n.a. n.a.
Non-permitted non-controlling interests n.a. n.a. n.a.
Investments in other financial institutions n.a. n.a. n.a.
Other adjustments to investments and non- n.a. n.a. n.a.
controlling interests
Regulatory adjustments n.a. n.a. n.a.
Goodwill and other intangibles n.a. n.a. n.a.
Deferred tax assets n.a. n.a. n.a.
Own credit spread and debit valuation n.a. n.a. n.a.
adjustments
Defined benefit pension plan n.a. n.a. n.a.
Property revaluation reserves n.a. n.a. n.a.
Cashflow hedging reserve n.a. n.a. n.a.
Unrealised gains (losses) in Available for sale n.a. n.a. n.a.
(AFS) securities
Expected loss adjustment (net of tax) n.a. n.a. n.a.
Securitisation deductions n.a. n.a. n.a.
Prudential valuation adjustments n.a. n.a. n.a.
Other deductions n.a. n.a. n.a.
Total Common Equity / Core Tier 1 n.a. n.a. n.a.

Basel III or equivalent leverage exposure /

Ratio
Basel III leverage exposure n.a. 241,117 n.a.
Basel III leverage ratio (as reported)% n.a. 4.10 3.80

Total loss absorbing capacity (TLAC)

Total Fully-loaded Basel regulatory capital n.a. n.a. 9,900
(reconciled)
Senior debt instruments eligible for bail-in n.a. n.a. n.a.
Additional loss absorbing instruments n.a. n.a. n.a.
Total loss absorbing capacity (TLAC) - sub-total n.a. n.a. 9,900
Total loss absorbing capacity (TLAC) (as reported) n.a. n.a. n.a.
Additional capital disclosures
Legal reserve 1,268 1,268 n.a.
Other n.a. n.a. n.a.
Additional Tier 1 and other equity instruments n.a. 21 n.a.

Economic capital by risk type

Credit risk n.a. n.a. n.a.
Market risk n.a. n.a. n.a.
Operational risk n.a. n.a. n.a.
Business risk n.a. n.a. n.a.
Position risk n.a. n.a. n.a.
Diversification benefit n.a. n.a. n.a.
Other economic capital n.a. n.a. n.a.
Total economic Capital n.a. n.a. n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 11

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Asset quality data
Charge offs and recoveries
Gross loans charged / written off 15 24 n.a.
Recoveries of loans previously written off 327 246 n.a.
Net loans charged / written off -312 -222 n.a.

Reserves
Collective/General loan impairment reserves n.a. n.a. n.a.
Individual/Specific loan impairment reserves n.a. n.a. n.a.

Impaired / Non-performing Loans

Impaired / Non-performing loans to customers 1,641 1,811 n.a.
Impaired / Non-performing loans to banks 7 5 n.a.
Total impaired / Non-performing loans 1,648 1,816 n.a.
Total impaired / Non-performing assets 1,685 1,839 n.a.
Impaired loans (as reported) 1,641 1,811 n.a.

Alternative breakdown of impaired loans

Loss loans n.a. n.a. n.a.
Doubtful loans n.a. n.a. n.a.
Substandard loans n.a. n.a. n.a.
Special mention loans n.a. n.a. n.a.
Other classified loans 1,641 1,811 n.a.
Performing loans n.a. n.a. n.a.

Non-accrual loans n.a. n.a. n.a.

+ 90 days past due n.a. n.a. n.a.
Past due but not impaired n.a. n.a. n.a.
Rescheduled/Restructured loans n.a. n.a. n.a.
Expected loss n.a. n.a. n.a.

Provision liabilities
Pension provisions 4,113 3,777 n.a.
Legal / litigation / regulatory fine reserves n.a. n.a. n.a.
(Provisions) Credit impairment reserves n.a. n.a. n.a.
Other provisions 697 475 n.a.

IFRS 9 Disclosures
Loans & advances to customers
Gross loans & advances to customers - Stage 1 135,556 111,227 n.a.
Gross loans & advances to customers - Stage 2 6,854 24,987 n.a.
Gross loans & advances to customers - Stage 3 1,641 1,811 n.a.
Gross loans & advances to customers - Other n.a. n.a. n.a.
Total gross loans & advances to customers under 144,051 138,025 n.a.
IFRS 9
Expected credit loss allowances on loans &
advances to customers
Expected credit loss allowances on loans & 120 93 n.a.
advances to customers - Stage 1
Expected credit loss allowances on loans & 141 203 n.a.
advances to customers - Stage 2
Expected credit loss allowances on loans & 702 738 n.a.
advances to customers - Stage 3
Expected credit loss allowances on loans & n.a. n.a. n.a.
advances to customers - Other
Total expected credit loss allowances on loans & 963 1,034 n.a.
advances to customers under IFRS 9

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Loan impairment charges on loans &
advances
Loan impairment charges on loans & advances - n.a. n.a. n.a.
Stage 1
Loan impairment charges on loans & advances - n.a. n.a. n.a.
Stage 2
Loan impairment charges on loans & advances - n.a. n.a. n.a.
Stage 3
Loan impairment charges on loans & advances - n.a. n.a. n.a.
No breakdown
Total impairments on loans & advances under n.a. n.a. n.a.
IFRS 9

Consolidated statements IFRS IFRS IFRS

Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Management
Double leverage
Holding company investments in subsidiaries n.a. n.a. n.a.
Holding company equity n.a. n.a. n.a.

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Liquidity
Basel III liquidity ratio
Composition of liquidity pool
Basel level 1 liquid assets n.a. n.a. n.a.
Basel level 2A liquid assets n.a. n.a. n.a.
Basel level 2B liquid assets n.a. n.a. n.a.
Total Basel liquidity pool (computed) n.a. n.a. n.a.
Total Basel liquidity pool (as reported) n.a. n.a. n.a.

Computation of Liquidity Coverage Ratio

(LCR) stressed cash outflows
Run off of retail funding n.a. n.a. n.a.
Run off of wholesale funding n.a. n.a. n.a.
Contractual downgrade provision n.a. n.a. n.a.
Derivative collateralisation n.a. n.a. n.a.
Draws on contingent liabilities n.a. n.a. n.a.
Other draws n.a. n.a. n.a.
Draws on customer lines n.a. n.a. n.a.
Contractual inflows n.a. n.a. n.a.
Other stressed cash out-flows n.a. n.a. n.a.
Total Liquidity Coverage Ratio (LCR) stressed n.a. n.a. n.a.
cashflows (computed)
Total Liquidity Coverage Ratio (LCR) stressed n.a. n.a. n.a.
cashflows (as reported)

Basel III Liquidity Coverage Ratio (LCR) (as 168.00 143.00 154.00
reported)%

Basel III Net Stable Funding Ratio (NSFR)

Available stable funding

Regulatory capital n.a. n.a. n.a.
Wholesale funding > 1 year n.a. n.a. n.a.
Wholesale funding < 1 year n.a. n.a. n.a.
Repos n.a. n.a. n.a.
Derivatives n.a. n.a. n.a.
Customer deposits: stable n.a. n.a. n.a.
Customer deposits: less stable n.a. n.a. n.a.
Customer deposits: other n.a. n.a. n.a.
Other stable funding n.a. n.a. n.a.
Total Basel available stable funding (computed) n.a. n.a. n.a.
Total Basel available stable funding (as reported) n.a. n.a. n.a.

Required stable funding

Cash n.a. n.a. n.a.
Debt securities < 1 year n.a. n.a. n.a.
Debt securities > 1 year govts AAA-AA n.a. n.a. n.a.
Debt securities > 1 year other repo eligible n.a. n.a. n.a.
Other debt securities n.a. n.a. n.a.
Mortgage loans > 1 year n.a. n.a. n.a.
Consumer loans < 1 year n.a. n.a. n.a.
Other loans < 1 year n.a. n.a. n.a.
Other loans > 1 year n.a. n.a. n.a.
Lending and other commitments n.a. n.a. n.a.
Total required stable funding (computed) n.a. n.a. n.a.
Total required stable funding (as reported) n.a. n.a. n.a.

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Basel III Net Stable Funding Ratio (NSFR) (as n.a. n.a. n.a.
reported)%
Liquidity Gap
Assets maturity profile
Assets < 3 months (contractual maturity / n.a. n.a. n.a.
liquidity risk)
Assets 3 - 12 months (contractual maturity / n.a. n.a. n.a.
liquidity risk)
Assets 1 - 5 years (contractual maturity / n.a. n.a. n.a.
liquidity risk)
Assets > 5 years (contractual maturity / liquidity n.a. n.a. n.a.
risk)
Assets with no specified maturities (contractual n.a. n.a. n.a.
maturity / liquidity risk)
Assets - adjustments (contractual maturity / n.a. n.a. n.a.
liquidity risk)
Total Assets on notes (contractual maturity / n.a. n.a. n.a.
liquidity risk)
Liabilities maturity profile
Liabilities < 3 months (contractual maturity / 81,830 n.a. n.a.
liquidity risk)
Liabilities 3 - 12 months (contractual maturity / 11,453 n.a. n.a.
liquidity risk)
Liabilities 1 - 5 years (contractual maturity / 21,087 n.a. n.a.
liquidity risk)
Liabilities > 5 years (contractual maturity / 36,219 n.a. n.a.
liquidity risk)
Liabilities with no specified maturities n.a. n.a. n.a.
(contractual maturity / liquidity risk)
Liabilities - adjustments (contractual maturity / n.a. n.a. n.a.
liquidity risk)
Total Liabilities on notes (contractual maturity / 150,589 n.a. n.a.
liquidity risk)
Liquidity Gap
Liquidity gap < 3 months (contractual maturity / -81,830 n.a. n.a.
liquidity risk)
Liquidity gap 3 - 12 months (contractual maturity -11,453 n.a. n.a.
/ liquidity risk)
Liquidity gap 1 - 5 years (contractual maturity / -21,087 n.a. n.a.
liquidity risk)
Liquidity gap > 5 years (contractual maturity / -36,219 n.a. n.a.
liquidity risk)
Liquidity gap no specified maturities (contractual n.a. n.a. n.a.
maturity / liquidity risk)
Liquidity gap - adjustments (contractual maturity n.a. n.a. n.a.
/ liquidity risk)
Total liquidity gap on notes (contractual maturity -150,589 n.a. n.a.
/ liquidity risk)

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Market risk
Value at Risk 99% 10 day holding period
Year end 99% 10 day holding period n.a. n.a. n.a.
Average 99% 10 day holding period n.a. n.a. n.a.
Maximum 99% 10 day holding period n.a. n.a. n.a.

Value at Risk
Year end 453 35 n.a.
Average 312 30 n.a.
Maximum 99% 465 39 n.a.

Regulatory capital stressed VaR

Year end n.a. n.a. n.a.
Average n.a. n.a. n.a.
Minimum n.a. n.a. n.a.
Maximum n.a. n.a. n.a.

Sensitivity of Net Interest Margin (NIM)

+100 basis point sensitivity - Net Interest Margin n.a. n.a. n.a.
(NIM)
-100 basis point sensitivity - Net Interest Margin n.a. n.a. n.a.
(NIM)
Banking book interest rate VaR n.a. n.a. n.a.

Sensitivity of other comprehensive income

(OCI)
+100 basis point sensitivity - other n.a. n.a. n.a.
comprehensive income (OCI)
-100 basis point sensitivity - other comprehensive n.a. n.a. n.a.
income (OCI)
Other measure of equity sensitivity n.a. n.a. n.a.

Net structural currency risk assets / liabilities

US Dollar 193 -1,469 n.a.
Euro n.a. n.a. n.a.
GBP 2,758 2,211 n.a.
Japanese Yen -107 -208 n.a.
Other currencies 2,154 2,144 n.a.
Total structural currency risk 4,998 2,678 n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 16

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Supplementary data
General bank data
Number of employees 0 0 n.a.
Number of branches n.a. n.a. n.a.

Income statement
Interest received on mortgage loans n.a. n.a. n.a.
Interest received on other consumer / retail n.a. n.a. n.a.
loans
Interest received on corporate loans n.a. n.a. n.a.
Interest received on other loans 3,473 3,503 n.a.
Total interest income on loans 3,473 3,503 n.a.
Interest paid on customer deposits - current n.a. n.a. n.a.
Interest paid on customer deposits - savings n.a. n.a. n.a.
Interest paid on customer deposits - term n.a. n.a. n.a.
Interest paid on customer deposits - other 1,277 1,366 n.a.
Total interest paid on customer deposits 1,277 1,366 n.a.
Interest paid on other deposits and short-term n.a. n.a. n.a.
funding
Interest paid on long-term borrowing and debt n.a. n.a. n.a.
securities at historical cost
Interest paid on subordinated liabilities 94 92 n.a.
Interest paid on other funding 2,831 2,905 n.a.

Income from foreign exchange (ex trading) n.a. n.a. n.a.

Goodwill write-off n.a. n.a. n.a.
G/L on fair valuation of own debt n.a. n.a. n.a.
Assets
Cash and balance with central banks
Total exposure to central bank 7,527 2,907 n.a.
Mandatory reserve deposits with central banks n.a. n.a. n.a.
Gold and other precious metals n.a. n.a. n.a.

Loan data
Loans at fair value (FV) included in gross loans n.a. n.a. n.a.
Related party loans 3,254 3,908 n.a.
Trust account loans 5,093 4,940 n.a.
Loans to the public sector 24,823 24,620 n.a.

Loans to customers < 3 months or on demand n.a. n.a. n.a.

Loans to customers 3 - 12 months (or < 12 n.a. n.a. n.a.
months if not specified)
Loans to customers 1 - 5 years n.a. n.a. n.a.
Loans to customers > 5 years (or not specified) n.a. n.a. n.a.
Loans to banks < 3 months or on demand n.a. n.a. n.a.
Loans to banks 3 - 12 months (or < 12 months if n.a. n.a. n.a.
not specified)
Loans to banks 1 - 5 years n.a. n.a. n.a.
Loans to banks > 5 years (or not specified) n.a. n.a. n.a.

Reverse repos - banks n.a. n.a. n.a.

Reverse repos - non-banks n.a. n.a. n.a.

Items in course of collection from other banks n.a. n.a. n.a.

Breakdown of financial assets / securities by

issuer
Government securities n.a. n.a. n.a.
BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 17
BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Assets issued by government n.a. n.a. n.a.
Total securities and other assets pledged n.a. n.a. n.a.
(encumbered assets)

Trading assets
Trading assets - debt securities (where no issuer 2,304 2,085 n.a.
breakdown)
Trading assets - debt securities - governments n.a. n.a. n.a.
Trading assets - debt securities - banks n.a. n.a. n.a.
Trading assets - debt securities - corporates n.a. n.a. n.a.
Trading assets - debt securities - structured n.a. n.a. n.a.
Trading assets - debt securities - other n.a. n.a. n.a.
Trading assets - equities 666 398 n.a.
Trading assets - commodities n.a. n.a. n.a.
Trading assets - other 2,078 1,992 16,500

Assets at fair value (FV) through P&L

Debt securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement (no breakdown)
Debt securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement - governments
Debt securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement - banks
Debt securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement - corporates
Debt securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement - structured
Debt securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement - other
Equity securities designated at fair value (FV) n.a. n.a. n.a.
through the income statement
Loans at fair value (FV) through the income n.a. n.a. n.a.
statement
Other securities at fair value (FV) through the n.a. 890 n.a.
income statement
Total trading and other assets at fair value (FV) 5,048 5,365 16,500
through the income statement

Available for sale (AFS) assets

Available for sale (AFS) assets - debt securities n.a. n.a. n.a.
(no breakdown)
Available for sale (AFS) assets - government n.a. n.a. n.a.
Available for sale (AFS) assets - banks n.a. n.a. n.a.
Available for sale (AFS) assets - corporates n.a. n.a. n.a.
Available for sale (AFS) assets - structured n.a. n.a. n.a.
Available for sale (AFS) assets - equities n.a. n.a. n.a.
Available for sale (AFS) assets - other n.a. n.a. n.a.
Total Available for sale (AFS) assets n.a. n.a. n.a.

Held to Maturity (HTM) assets

Held to maturity (HTM) assets - debt securities n.a. n.a. n.a.
(no breakdown)
Held to maturity (HTM) assets - government n.a. n.a. n.a.
Held to maturity (HTM) assets - banks n.a. n.a. n.a.
Held to maturity (HTM) assets - corporates n.a. n.a. n.a.
Held to maturity (HTM) assets - structured n.a. n.a. n.a.
Held to maturity (HTM) assets - other n.a. n.a. n.a.
Total Held to maturity (HTM) debt securities n.a. n.a. n.a.

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Debt securities by issuer
Debt securities - government not listed above n.a. n.a. n.a.
Debt securities - banks not listed above n.a. n.a. n.a.
Debt securities - corporates not listed above n.a. n.a. n.a.
Debt securities - structured not listed above n.a. n.a. n.a.
Other eg. commodities, equities and other not 22,988 n.a. n.a.
listed above
Own securities n.a. n.a. n.a.

Breakdown of financial assets / securities by

term
Debt securities < 3 months n.a. n.a. n.a.
Debt securities 3 - 12 months (or < 12 months if n.a. n.a. n.a.
not specified)
Debt securities 1 - 5 years n.a. n.a. n.a.
Debt securities > 5 years (or not specified) n.a. n.a. n.a.

Asset management data

Assets under management n.a. n.a. n.a.
Assets under administration n.a. n.a. n.a.
Net new money (net subscriptions / redemptions n.a. n.a. n.a.
in assets under management)
Total trust assets 5,093 4,940 n.a.

Liabilities

Deposits
Deposits of governments and municipalities n.a. n.a. n.a.

Retail deposits < 3 months or on demand n.a. n.a. n.a.

Retail deposits 3 - 12 months (or < 12 months if n.a. n.a. n.a.
not specified)
Retail deposits 1 - 5 years n.a. n.a. n.a.
Retail deposits > 5 years (or not specified) n.a. n.a. n.a.
Other deposits < 3 months or on demand 72,356 66,366 n.a.
Other deposits 3 - 12 months (or < 12 months if 7,538 5,935 n.a.
not specified)
Other deposits 1 - 5 years 6,304 6,773 n.a.
Other deposits > 5 years (or not specified) 14,239 14,404 n.a.
Bank deposits < 3 months 9,474 12,938 n.a.
Bank deposits 3 - 12 months (or < 12 months if 3,915 4,616 n.a.
not specified)
Bank deposits 1 - 5 years 14,783 13,731 n.a.
Bank deposits > 5 years (or not specified) 21,980 22,775 n.a.

Repos - banks 1,058 n.a. n.a.

Repos - non-banks n.a. n.a. n.a.
Deposits at bank headquarters (US banks only) n.a. n.a. n.a.

Debt
Senior debt < 3 months n.a. n.a. n.a.
Senior debt 3 - 12 months (or < 12 months if n.a. n.a. n.a.
not specified)
Senior debt 1 - 5 years n.a. n.a. n.a.
Senior debt > 5 years or not specified n.a. n.a. n.a.
Total senior debt on balance sheet n.a. n.a. n.a.
Covered bonds n.a. n.a. n.a.
Subordinated liabilities < 3 months n.a. n.a. n.a.

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Subordinated liabilities 3 - 12 months n.a. n.a. n.a.
Subordinated liabilities 1- 5 years n.a. n.a. n.a.
Subordinated liabilities > 5 years n.a. n.a. n.a.
Total subordinated liabilities on balance sheet n.a. n.a. n.a.
Undated subordinated liabilities n.a. n.a. n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 20

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Fair value hierarchy
Level 1 financial assets - trading 1,932 752 n.a.
Level 1 financial assets - Fair value through P&L n.a. n.a. n.a.
(FVTPL)
Level 1 financial assets - Fair value through n.a. n.a. n.a.
other comprehensive income (FVOCI)
Level 1 financial assets - AFS n.a. n.a. n.a.
Level 1 financial assets - HTM n.a. n.a. n.a.
Level 1 financial assets - amortised cost n.a. n.a. n.a.
Level 1 financial assets - derivatives n.a. n.a. n.a.
Level 1 financial assets - other 18,157 9,360 n.a.
Level 1 assets (fair value hierarchy) 20,089 10,112 n.a.
Level 2 financial assets - trading 11,834 11,441 n.a.
Level 2 financial assets - Fair value through P&L n.a. n.a. n.a.
(FVTPL)
Level 2 financial assets - Fair value through n.a. n.a. n.a.
other comprehensive income (FVOCI)
Level 2 financial assets - AFS n.a. n.a. n.a.
Level 2 financial assets - HTM n.a. n.a. n.a.
Level 2 financial assets - amortised cost n.a. n.a. n.a.
Level 2 financial assets - derivatives 706 512 n.a.
Level 2 financial assets - other 5,502 15,692 n.a.
Level 2 assets (fair value hierarchy) 18,042 27,645 n.a.
Level 3 financial assets - trading 159 142 n.a.
Level 3 financial assets - Fair value through P&L n.a. n.a. n.a.
(FVTPL)
Level 3 financial assets - Fair value through n.a. n.a. n.a.
other comprehensive income (FVOCI)
Level 3 financial assets - AFS n.a. n.a. n.a.
Level 3 financial assets - HTM n.a. n.a. n.a.
Level 3 financial assets - amortised cost n.a. n.a. n.a.
Level 3 financial assets - derivatives n.a. n.a. n.a.
Level 3 financial assets - other 491 598 n.a.
Level 3 assets (fair value hierarchy) 650 740 n.a.
Total assets (fair value hierarchy) 38,781 38,497 n.a.

Level 1 financial liabilities - trading n.a. 258 n.a.

Level 1 financial liabilities - Fair value through n.a. n.a. n.a.
P&L (FVTPL)
Level 1 financial liabilities - AFS n.a. n.a. n.a.
Level 1 financial liabilities - HTM n.a. n.a. n.a.
Level 1 financial liabilities - amortised cost n.a. n.a. n.a.
Level 1 financial liabilities - derivatives n.a. n.a. n.a.
Level 1 financial liabilities - other 1,184 282 n.a.
Level 1 liabilities (fair value hierarchy) 1,184 540 n.a.
Level 2 financial liabilities - trading 9,124 7,959 n.a.
Level 2 financial liabilities - Fair value through n.a. n.a. n.a.
P&L (FVTPL)
Level 2 financial liabilities - AFS n.a. n.a. n.a.
Level 2 financial liabilities - HTM n.a. n.a. n.a.
Level 2 financial liabilities - amortised cost n.a. n.a. n.a.
Level 2 financial liabilities - derivatives 1,224 766 n.a.
Level 2 financial liabilities - other 8,748 8,464 n.a.
Level 2 liabilities (fair value hierarchy) 19,096 17,189 n.a.
Level 3 financial liabilities - trading 4 8 n.a.
Level 3 financial liabilities - Fair value through n.a. n.a. n.a.
P&L (FVTPL)
Level 3 financial liabilities - AFS n.a. n.a. n.a.

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BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Level 3 financial liabilities - HTM n.a. n.a. n.a.
Level 3 financial liabilities - amortised cost n.a. n.a. n.a.
Level 3 financial liabilities - derivatives n.a. n.a. n.a.
Level 3 financial liabilities - other 90 186 n.a.
Level 3 liabilities (fair value hierarchy) 94 194 n.a.
Total liabilities (fair value hierarchy) 20,374 17,923 n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 22

BankFocus - bank report of Bayerische Landesbank
Consolidated statements IFRS IFRS IFRS
Unqualified Unqualified Not Audited
Original Original Original
31/12/2019 31/12/2018 31/03/2020
12 months 12 months Q1
m EUR m EUR 3 months
WVB WVB m EUR
WVB
Derivatives
Trading derivative assets gross mark-to-
market by type of instrument
Interest rates 12,996 11,127 n.a.
Foreign exchange 1,561 1,453 n.a.
Equity 164 207 n.a.
Commodity n.a. n.a. n.a.
Credit derivatives n.a. 1 n.a.
Other derivatives n.a. n.a. n.a.
Total gross exposure 14,721 12,788 n.a.

Trading derivative assets gross to net

reconciliation
Gross exposure (reconciled) 14,721 12,788 n.a.
Centrally cleared derivatives n.a. n.a. n.a.
Close out netting n.a. n.a. n.a.
Collateral received n.a. n.a. n.a.
Others n.a. n.a. n.a.
Net exposure 14,721 12,788 n.a.

Trading derivative liabilities gross mark-to-

market by type of instrument
Interest rates 12,518 10,386 n.a.
Foreign exchange 1,915 1,795 n.a.
Equity 222 243 n.a.
Commodity n.a. n.a. n.a.
Credit derivatives 6 1 n.a.
Other derivatives n.a. n.a. n.a.
Total gross exposure 14,661 12,425 n.a.

Trading derivative liabilities gross to net

reconciliation
Gross exposure (reconciled) 14,661 12,425 n.a.
Collateral paid n.a. n.a. n.a.
Close out netting n.a. n.a. n.a.
Centrally cleared derivatives n.a. n.a. n.a.
Others n.a. n.a. n.a.
Net exposure 14,661 12,425 n.a.

Derivative contracts notional value by type of

instrument
Interest rates n.a. n.a. n.a.
Foreign exchange n.a. n.a. n.a.
Equity n.a. n.a. n.a.
Commodity n.a. n.a. n.a.
Credit derivatives n.a. n.a. n.a.
Other derivatives n.a. n.a. n.a.
Total gross notional value (computed) n.a. n.a. n.a.

BankFocus (Data update 1802 - 29/05/2020) - © BvD 31/05/2020 Page 23