LTH – Bank für Infrastruktur

LTH – Bank für Infrastruktur was a German public-law promotional institution (Förderinstitut) of the State of Hesse. Its origins trace to 1 March 1950, when the State of Hesse and Hessische Landesbank Darmstadt signed a contract for the disbursement and administration of state loans to promote housing and settlement construction and other state measures. On 1 April 1950, the Landestreuhandstelle Hessen (LTH) began operations as an organisational unit of the Offenbach am Main branch of Hessische Landesbank Darmstadt (later Helaba), headquartered at Savignystraße 42 in Frankfurt am Main. The LTH centralised state promotional funds within an institution subject to the influence of the State of Hesse through guarantor liability (Gewährträgerschaft) while being able to process state promotional funds on a banking basis. Over the following decades, the LTH expanded its responsibilities. The Landesbewilligungsausschuss, which approved the promotional funds administered by the LTH, was dissolved in 1964. In August 1965, the LTH received approval competence for promotional funds of the State of Hesse. By 1985, approvals and loan commitments of the LTH in the housing sector exceeded 10 billion Deutsche Mark. At the end of 1989/beginning of 1990, the State of Hesse withdrew as guarantor of Helaba but deliberately maintained the trust agreements. With the "Gesetz zur Errichtung der Landestreuhandstelle Hessen – Bank für Infrastruktur – rechtlich unselbstständige Anstalt in der Landesbank Hessen-Thüringen Girozentrale (LTH – Bank für Infrastruktur – Gesetz)" effective 1 January 2007, the State of Hesse established the LTH – Bank für Infrastruktur and assumed guarantor liability for it. While maintaining legal continuity, the Landestreuhandstelle Hessen LTH was designated from 1 January 2007 as "LTH – Bank für Infrastruktur – rechtlich unselbstständige Anstalt in der Landesbank Hessen-Thüringen Girozentrale" (LTH – Bank für Infrastruktur). On 15 March 2007, the Trägerversammlung resolved the amended statutes of Helaba required by the law; on 24 April 2007, the Thuringian Ministry of Finance approved this amendment in agreement with the Hessian Ministry for Economic Affairs, Transport and Regional Development. The basis for this reorganisation was the Brussels Concordat of 2002, under which the LTH – Bank für Infrastruktur received guarantor liability while being integrated into the organisational structure of a Landesbank. This allowed the LTH to generate sustainable refinancing advantages that benefited the promotional business. Pursuant to § 2 of the LTH-Bank für Infrastruktur-Gesetz, the bank's tasks included promotion of housing, municipal construction, urban development, provision of risk capital, promotion of technical progress (especially technology and innovation financing), promotion of infrastructure measures, promotion of structurally weak regions, promotion of agriculture, forestry, rural areas and environmental protection, promotion under internationally agreed programmes, promotion of cultural and educational economic interests, purely social measures including consortium financing, and financing for local authorities and public-law special-purpose associations. Its operational focus included granting promotional loans (also in combination with capital market loans) for the construction and acquisition of owner-occupied housing. With the "Gesetz zur Neuordnung der monetären Ordnung in Hessen" of 16 July 2009, the LTH – Bank für Infrastruktur was merged with the Investitionsbank Hessen to form the Wirtschafts- und Infrastrukturbank Hessen (WIbank). The aim was to enable promotion for businesses, municipalities and private individuals from a single source, thereby uniting the promotional offerings previously distributed across two state promotional banks and making them more efficient. The LTH-Bank für Infrastruktur-Gesetz of 18 December 2006 was renamed the Wirtschafts- und Infrastrukturbank Hessen-Gesetz.

The LTH – Bank für Infrastruktur was a German public-law promotional institution (Förderinstitut) of the State of Hesse. Its origins trace to 1 March 1950, when the State of Hesse and Hessische Landesbank Darmstadt signed a contract for the disbursement and administration of state loans to promote housing and settlement construction and other state measures. On 1 April 1950, the Landestreuhandstelle Hessen (LTH) began operations as an organisational unit of the Offenbach am Main branch of Hessische Landesbank Darmstadt (later Helaba), headquartered at Savignystraße 42 in Frankfurt am Main. The LTH centralised state promotional funds within an institution subject to the influence of the State of Hesse through guarantor liability (Gewährträgerschaft) while being able to process state promotional funds on a banking basis. Over the following decades, the LTH expanded its responsibilities. The Landesbewilligungsausschuss, which approved the promotional funds administered by the LTH, was dissolved in 1964. In August 1965, the LTH received approval competence for promotional funds of the State of Hesse. By 1985, approvals and loan commitments of the LTH in the housing sector exceeded 10 billion Deutsche Mark. At the end of 1989/beginning of 1990, the State of Hesse withdrew as guarantor of Helaba but deliberately maintained the trust agreements. With the "Gesetz zur Errichtung der Landestreuhandstelle Hessen – Bank für Infrastruktur – rechtlich unselbstständige Anstalt in der Landesbank Hessen-Thüringen Girozentrale (LTH – Bank für Infrastruktur – Gesetz)" effective 1 January 2007, the State of Hesse established the LTH – Bank für Infrastruktur and assumed guarantor liability for it. While maintaining legal continuity, the Landestreuhandstelle Hessen LTH was designated from 1 January 2007 as "LTH – Bank für Infrastruktur – rechtlich unselbstständige Anstalt in der Landesbank Hessen-Thüringen Girozentrale" (LTH – Bank für Infrastruktur). On 15 March 2007, the Trägerversammlung resolved the amended statutes of Helaba required by the law; on 24 April 2007, the Thuringian Ministry of Finance approved this amendment in agreement with the Hessian Ministry for Economic Affairs, Transport and Regional Development. The basis for this reorganisation was the Brussels Concordat of 2002, under which the LTH – Bank für Infrastruktur received guarantor liability while being integrated into the organisational structure of a Landesbank. This allowed the LTH to generate sustainable refinancing advantages that benefited the promotional business. Pursuant to § 2 of the LTH-Bank für Infrastruktur-Gesetz, the bank's tasks included promotion of housing, municipal construction, urban development, provision of risk capital, promotion of technical progress (especially technology and innovation financing), promotion of infrastructure measures, promotion of structurally weak regions, promotion of agriculture, forestry, rural areas and environmental protection, promotion under internationally agreed programmes, promotion of cultural and educational economic interests, purely social measures including consortium financing, and financing for local authorities and public-law special-purpose associations. Its operational focus included granting promotional loans (also in combination with capital market loans) for the construction and acquisition of owner-occupied housing. With the "Gesetz zur Neuordnung der monetären Ordnung in Hessen" of 16 July 2009, the LTH – Bank für Infrastruktur was merged with the Investitionsbank Hessen to form the Wirtschafts- und Infrastrukturbank Hessen (WIbank). The aim was to enable promotion for businesses, municipalities and private individuals from a single source, thereby uniting the promotional offerings previously distributed across two state promotional banks and making them more efficient. The LTH-Bank für Infrastruktur-Gesetz of 18 December 2006 was renamed the Wirtschafts- und Infrastrukturbank Hessen-Gesetz. The LTH – Bank für Infrastruktur ceased to exist as a separate entity on 31 August 2009.

• 2009

  The Gesetz zur Neuordnung der monetären Ordnung in Hessen orders the merger of the LTH – Bank für Infrastruktur with Investitionsbank Hessen to form Wirtschafts- und Infrastrukturbank Hessen (WIbank).

• 2009

  The LTH – Bank für Infrastruktur is merged into the Wirtschafts- und Infrastrukturbank Hessen and ceases to exist as a separate entity.

• 2007

  The LTH – Bank für Infrastruktur is established by law as a legally dependent institution within Landesbank Hessen-Thüringen Girozentrale.

• 2007

  The Trägerversammlung resolves the amended statutes of Helaba required by the law.

• 2007

  The Thuringian Ministry of Finance approves the amendment of Helaba's statutes in agreement with the Hessian Ministry for Economic Affairs, Transport and Regional Development.

• 1989

  The State of Hesse withdraws as guarantor of Helaba but deliberately maintains the trust agreements.

• 1985

  Approvals and loan commitments of the LTH in the housing sector exceed 10 billion Deutsche Mark.

• 1965

  The LTH receives approval competence for promotional funds of the State of Hesse.

• 1964

  The Landesbewilligungsausschuss, which approved promotional funds administered by the LTH, is dissolved.

• 1950

  Contract between the State of Hesse and Hessische Landesbank Darmstadt for the disbursement and administration of state loans for housing and settlement construction.

• 1950

  Landestreuhandstelle Hessen (LTH) begins operations as an organisational unit of the Offenbach am Main branch of Hessische Landesbank Darmstadt.

State promotional bank for Hesse, combining public mandate with banking efficiency under Helaba's umbrella.

• Promotional loans for housing construction and acquisition

  Loans for the construction and acquisition of owner-occupied housing, also in combination with capital market loans.

• Municipal construction financing

  Financing for municipal construction projects.

• Urban development financing

  Financing for urban development and urban planning measures.

• Risk capital provision

  Provision of risk capital as part of promotional activities.

• Technology and innovation financing

  Financing for technical progress, especially technology and innovation.

• Infrastructure financing

  Financing for infrastructure measures.

• Financing for local authorities and public-law associations

  Financing for local authorities and public-law special-purpose associations.

1. 1LTH – Bank für Infrastruktur – Wikipediade.wikipedia.org
2. 2LTH – Bank für Infrastruktur – Wikidatawikidata.org
3. 3LTH – Bank für Infrastruktur official websitelth.de