16/09/2008
WestLB only slightly affected by Lehman insolvency
Investment Bank Lehman Brothers Holdings Inc. filing for chapter 11 protection has only limited effects on WestLB. WestLB has no unsecured exposure in either bonds or structured paper issued by Lehman Brothers. The net exposure with regard to derivative products is in the low single digit million Euro field. WestLB has no credit lines to Lehman Brothers.
The same situation pertains also to AIG. WestLB also here has no credit lines. The net exposure with regard to derivatives also here lies in the low single digit million Euro area. With regard to bonds and structured paper issued by AIG, WestLB has only an insignificant unsecured exposure.