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Landeskreditbank Baden-Wurttemberg-Forderbank-, Karlsruhe, Germany
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Corporate purpose
(1) In order to carry out its tasks, the Landeskreditbank Baden-Württemberg Förderbank - (Bank) may use all banking instruments at its disposal. These include in particular: 1. granting and forwarding of loans, grants and other financial assistance, 2. sub-participation in loans and other forms of financing of one or more credit institutions or financial institutions and syndicated financing, 3. assumption of guarantees and guarantees as well as the granting of other guarantees and risk relief, 4. entering into participations. 2. In order to carry out its tasks, the Bank may carry on the business and services directly connected with the performance of its tasks. These include in particular: 1. purchase and sale of receivables and securities, 2. treasury management and transactions to manage the bank's risk, 3. securities trading, deposit business and current transactions for own account, insofar as these are directly related to the fulfilment of the Bank's tasks, 4. issue of Pfandbriefe, municipal bonds, medium-term bonds and other bonds in the bearer or name, 5. Borrowing of earmarked loans from central banks credit institutions, capital collectors and public bodies, 6. taking out other loans, 7. investing funds with public and private credit institutions, 8. providing promotional advice and services. 3. Export finance may be carried out by the Bank in accordance with the principles laid down in the Statute. (4) The Bank may acquire ownership of land of all kinds, residential property and partial ownership within the meaning of the Condominium Act and rights equivalent to real estate, if this is expedient to avoid losses, for its own needs or otherwise for the fulfilment of its tasks.
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