Bremer Aufbau-Bank (BAB) is the regional promotional bank (German: Förderbank) of the German state of Bremen. It was established in 1951,[1] and its current development bank mandate was defined by law in 2001.[2]
Overview
editThe bank operates under an explicit guarantee from the Bremen government, provided by state law. Like other Förderbanken, it does not compete directly with commercial banks but supplements them with co-lending, co-investment and guarantees.[3] In 2023, it ramped up its programs to support local start-ups.[4]
Together with other Förderbanken and the more commercially oriented Landesbanken, BAB is a member of the Association of German Public Banks (VÖB).[5]
See also
editNotes
edit- ^ "Bremer Aufbau-Bank BAB". Fördermittel Deutschland (in German).
- ^ "Neuausrichtung der Bremer Aufbau-Bank: Massive Erhöhung der Förderleistungen für Bremer Unternehmen geplant". Wirtschaftsförderung Breman.
- ^ "BAB Die Förderbank für Bremen und Bremerhaven". Handelskammer Bremen.
- ^ Lisa Schröder (20 September 2023). "Risikokapital für Bremer Start-up-Gründer in Millionenhöhe". Weser Kurier.
- ^ "Mitglieder". VÖB Bundesverband Öffentlicher Banken Deutschlands (in German).
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