16/12/2009
Ad-Hoc News 16/12/2009
Ad Hoc Announcement according to §15 WpHG
Düsseldorf, 16 December 2009
WestLB no longer rules out net loss for the year
In view of the challenging economic conditions, a possible need for adjustments in the value of participations and a generally weaker fourth quarter of 2009, the Managing Board of WestLB can no longer rule out the possibility of a net loss for the 2009 financial year.
As a result of the conditions imposed by the European Commission in May 2009, a servicing of the equity instruments requiring a net profit in the HGB single-entity accounts (hybrid Tier 1 and profit participation certificates), cannot be guaranteed.