Annual Press Conference 2008

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Annual Press Conference on April 02, 2008
Press Releases

Wednesday, 02 April 2008

02/04/2008
Risk Shield Frees WestLB from Most of the Burdens of the Capital Markets´ Crisis

Owners provide guarantee of up to € 5 billion for actual payment defaults - Capital markets´ crisis negatively impacts the balance sheet and profit and loss account by € 2,011 million - Despite losses, notable successes in the customer business - Group profit before income tax falls to € -1,502 million - Target by 2010: double-digit return on equity... More: Risk Shield Frees WestLB from Most of the Burdens of the Capital Markets´ Crisis

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