LfA Förderbank Bayern

LfA Förderbank Bayern is the regional promotional bank (Förderbank) for the German state of Bavaria. It was established by law of 1950/12/07, initially as Landesanstalt für Aufbaufinanzierung (LfA), which makes it the oldest of the Förderbanken. It is headquartered in Munich.

Overview
LfA started operations on 1951/05/01. It provides financing for start-ups, environmental protection, and other areas deemed of public interest. It does not compete with commercial banks but co-lends or co-invests with them and provides guarantees. It also controls investment companies, namely BayBG Bayerische Beteiligungsgesellschaft mbH and Bayern Kapital GmbH. In July 2021, the latter was entrusted with the management of a €200 million scale-up fund at the initiative of the Bavarian state government.

Together with other Förderbanken and the more commercially oriented Landesbanken, LfA Förderbank Bayern is a member of the Association of German Public Banks (VÖB). Since September 2023, it has been a member of the United Nations Global Compact.