Statement of the Supervisory Board
The Supervisory Board of WestLB AG today appointed Dietrich Voigtländer as Acting Chairman of the Managing Board of WestLB AG with immediate effect.
The Supervisory Board and owners of WestLB declare their joint and mutual support for the Bank.
The federal government, federal states and municipalities have an interest in ensuring the functioning of Landesbanks and savings banks, not least with a view to guaranteeing the provision of credit to the economy. The goal of Landesbank consolidation and the Financial Markets Stabilisation Act serve to achieve this.
The Supervisory Board supports the plans of the Managing Board to ring-fence assets off the balance sheet in accordance with Omega / AidA and will actively pursue this objective in the relevant consultations held by the governing bodies of the owners. The Supervisory Board is confident that the required cover for the ring-fencing of assets can be secured in a timely manner within the framework of the planned amendment to the Financial Markets Stabilisation Act (FmstG).