Based in Munich, Germany, BayernLB is the eighth largest financial institution in Germany. Following the 2008 financial crisis, BayernLB was the first bank to ask for a bailout. The Bavarian state gave BayernLB a bailout package of about €30 billion to keep it from failing. BayernLB was investigated in Dirty prfoits 1 and therefore the financial links relate to the period 2010-2012. [1] At the time of publication of Dirty Profits 1, BayernLB was invested in controversial companies such as BHP Billiton and Royal Dutch Shell.[2]

In Dirty Profits 1, BayernLB ranked 14th in harmful investment transactions with a total of €5 million invested in 10 of the 28 controversial companies investigated in the 2010 -2012 PROFUNDO report.For detailed information regarding the companies that BayernLB is invested in, please refer to the PROFUNDO research report links below. The PROFUNDO report, (conducted between 2010 and 2012), analyzes the investments between BayernLB (and many other financial institutes) and controversial companies.

PROFUNDO – Underwritings of Shares and Bonds


PROFUNDO – Management of Shares and Bonds

[1] Wire Reports, Jas. “Beefy Bail-Out: Lifeline of €30 Billion Thrown to BayernLB Bank.” Spiegel Online. Spiegel Online, 2008. Web. 3 Dec. 2012. <>.

[2] Gelder, Jan Willem Van, Barbara Kuepper, Petra Spaargaren, and Joeri De Wilde. DIRTY PROFITS Report on Companies and Financial Institutions Benefiting from Violations of Human Rights: A Research Paper Prepared for Facing Finance. Tech. Amsterdam: Profundo, 2012. Print.