Landesbank Baden-Württemberg was established in 1999 through a merger SüdwestLB, Landesoberkasse and L-Bank and is both a universal and commercial bank to Baden-Württemberg,Rheinland-Pfalz and Sachsen federal states of Germany. The bank offers various services and products including Investment banking, Commercial banking, Retail banking, Private Banking, and Asset Management with a focus on industrial technologies, information technology, software, telecommunication, innovative services, and life science and is currently recognized as the biggest state-backed Landesbank lender in Germany (2018).