It is the holding company of the Berliner Sparkasse and Landesbank.

In 2007, LBB was taken over by the Deutscher Sparkassen- und Giroverband (DSGV).

Berlin was forced to sell its stake by the European Commission as a condition of permitting the bailout of the then Bankgesellschaft Berlin, which had gotten into difficulties due to a real-estate scandal.

In 2010, a net profit of EUR 317 million was reported.

[1] LBB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.