Scope of Guarantee increased
The owners of WestLB have underpinned once again their commitment to the Bank and increased the scope of the guarantee for WestLB by a further € 4 billion. The final resolutions in the corresponding governing bodies will be passed shortly. With the provision of this pro rata guarantee the owners will continue to support the successful restructuring policy of the Bank.
With their decision they are complying with the resolution of the Supervisory Board to find timely solutions in agreement with all parties involved on the basis of the planned amendment to the Financial Market Stabilisation Act (FMStG).
There is a common understanding between the supervisory authorities, all owners and the Bank that this guarantee will be integrated as quickly as possible into a solution of the Federal Government after the amendment of the Financial Market Stabilisation Act.