LBS Süd

What LBS Süd does

LBS Landesbausparkasse Süd specializes in building savings and financing solutions, serving customers in Baden-Württemberg, Bavaria, and Rhineland-Palatinate. With total assets of 38 billion euros and nearly 2.7 million customers, LBS Süd is a market leader in its sector. The organization also offers additional property-related services and employs over 1,500 people to support its operations.

Name

LBS Süd

Legal name

LBS Süd

Website

https://www.lbs.de/unternehmen/bausparkassen/lbs-sued.html

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LBS provides building savings and financing services for customers.

Ownership category

akta.pro rank

Product category

Building Society Services (Bausparkasse)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

New Construction-to-Perm (Single-Family Owner-Occupied) (FSALAHAA)

Keywords

• Building savings contracts
• Real estate financing
• Modernization loans
• State subsidy advisory
• Baufinanzierung services

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Bausparvertrag Gebühren (Annual Contract Fees): LBS Süd charges annual fees for building savings contracts. The court ruling mentions fees up to €30 per year per contract, though a 2022 BGH ruling declared such administrative fees inadmissible as they unfairly shift costs that building societies are legally obligated to bear onto customers.
2. Bauspardarlehen Zinsen (Building Society Loan Interest): Interest income from Bauspardarlehen (building society loans) provided to customers after their contracts reach allocation maturity (Zuteilungsreife). The loan interest rate is fixed at contract signing, providing predictable revenue.
3. Abschlussgebühr (Contract Initiation Fee): A one-time fee charged when a building savings contract is signed, based on the building savings sum (Bausparsumme).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

LBS Süd offers Bausparvertrag (building savings contracts) that combine a savings phase with future entitlement to a low-interest Bauspardarlehen (building loan), along with Baufinanzierung for real estate purchase/construction, Modernisierungskredit up to €50,000 for renovations, property search services, and access to state subsidies (Wohnungsbauprämie, Arbeitnehmer-Sparzulage, VL, Riester). The company also provides digital self-service tools including online calculators, financing certificates, and a 24/7 contract portal.

Product overview

LBS Süd is one of five regional building societies (Landesbausparkassen) in Germany, operating as part of the Sparkassen-Finanzgruppe. The company offers a comprehensive building society and real estate finance platform centered on the Bausparvertrag (building savings contract), which combines a savings phase with entitlement to low-interest Bauspardarlehen (building loans). The product portfolio includes Baufinanzierung (real estate financing) with both immediate and future financing options, a Modernisierungskredit (modernization loan) for renovations up to 50,000 euros without land register entry, and the LBS-Immobiliensuche (property search) platform. Supporting tools include the Bausparrechner (savings calculator), Baufinanzierungsrechner (financing calculator), and Modernisierungskosten-Rechner (modernization cost calculator). The company also facilitates access to various state subsidies including Wohnungsbauprämie, Arbeitnehmer-Sparzulage, Vermögenswirksame Leistungen, and KfW/BAFA promotions, as well as Riester-Rente products undergoing reform in 2027. Digital services include the LBS-Online-Vertragsauskunft (online contract portal) and Finanzierungszertifikat (financing certificate).

Differentiator

Problem solved

Functional benefit

Products and services

• Bausparvertrag (Bausparen) A building savings contract that combines a savings phase with entitlement to a low-interest building loan. Customers save capital (typically 30-50% of the building sum) during the savings phase, then receive their savings plus a Bauspardarlehen at favorable fixed interest rates upon allocation. Designed for individuals seeking to purchase, build, or renovate their own home.
• Baufinanzierung (Immobilienfinanzierung) Comprehensive real estate financing services including immediate financing and future financing options. Combines building savings contracts with other financing instruments for purchasing, building, or renovating properties. For individual homeowners seeking integrated property financing solutions.
• Modernisierungskredit A modernization loan consisting of a pre-financing component and an LBS building savings contract. Designed for energy-efficient renovations, restorations, and other modernization measures up to €50,000 without land register entry required. For homeowners planning renovation projects.
• LBS-Immobiliensuche Property search platform enabling customers to find properties nationwide, with LBS providing guidance from property search to appropriate financing solutions. For individuals seeking to purchase residential real estate.
• Bauspardarlehen Low-interest loan disbursed upon building savings contract allocation, with interest rates fixed at contract signing. Can be used for purchasing, building, or renovating real estate. For individuals with a Bausparvertrag who have reached allocation maturity.
• Wohnungsbauprämie (Housing Premium Advisory) State housing premium advisory providing annual subsidies of up to €70 for singles and €140 for married/partnered couples (10% of savings up to €700/€1,400 respectively), contingent on income limits. For individuals building savings capital below subsidy income thresholds.
• Vermögenswirksame Leistungen (VL) Savings investments where employers contribute up to €40 monthly into building savings contracts, with additional state employee savings subsidies of up to €43/€86 annually for eligible income levels. For employees whose employers provide capital-forming payments.
• Arbeitnehmer-Sparzulage State bonus advisory of 9% on employee savings investments (VL), with maximum annual subsidies of €43 for singles and €86 for couples, available up to taxable income of €40,000/€80,000 respectively (increased since January 2024). For employees optimizing VL savings with state subsidies.
• Riester-Rente (Altersvorsorgereformgesetz 2027) State-subsidized retirement savings products undergoing reform starting January 2027. The new system introduces an Altersvorsorgedepot, guarantee products (80% or 100%), and a standard product with increased basic allowances up to €540 annually. For individuals using building savings as part of private retirement planning.
• KfW-Förderung (inkl. Jung kauft Alt) KfW bank promotional programs advisory for energy-efficient building and renovation, including the Jung kauft Alt program offering subsidized loans for families purchasing and renovating older properties. For homeowners seeking energy-efficient renovation or young families purchasing older properties.

Quantifiable outcome

• Market leader in German building society sector with 35% market share
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Sparkassen-FinanzgruppecoreStrategic or Co-development PartnerLBS is owned by the regional Sparkassen and Landessparkassen, forming an integral part of the Sparkassen-Finanzgruppe - the largest financial group in Europe. This partnership provides LBS with distribution through thousands of Sparkasse branches nationwide, brand backing, and regulatory stability. LBS operates as 'Die Bausparkasse der Sparkassen' (the building society of the Sparkassen).
• KfW (Kreditanstalt für Wiederaufbau)coreStrategic or Co-development PartnerLBS combines its building savings products with KfW funding programs for energy-efficient construction and renovation. Customers can use Bausparverträge together with KfW loans for favorable overall financing terms. Programs include KfW 55, KfW 40, and Jung kauft Alt (young families buying old properties).
• BAFA (Bundesamt für Wirtschaft und Ausfuhrkontrolle)coreStrategic or Co-development PartnerLBS advises customers on BAFA subsidies for property modernization measures including heat pump installations and energy-efficient renovations. The combination of BAFA grants with Bausparverträge provides favorable financing for sustainable modernization projects.
• Regional Sparkassen (Landesbanken)coreChannel Partner/ Reseller/ DistributorThe five LBS entities (LBS Süd, LBS NordWest, LBS NordOst, LBS Hessen-Thüringen, LBS Saar) serve as the specialized building society channel for their respective regional Sparkassen networks, distributing Bauspar products through thousands of local Sparkasse branches.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Schwäbisch Hall (Bausparkasse): Germany's largest private building society by market share, directly competing with LBS Süd in the Bausparvertrag segment. Operates a similar savings-plus-loan model with countrywide distribution and shares the same Sparkassen-Finanzgruppe partnership network. Recent court ruling (OLG Stuttgart) addressed Schwäbisch Hall's annual fees alongside LBS Süd.
• Wüstenrot Bausparkasse: Major private German building society offering Bausparvertrag, Baufinanzierung, and Modernisierungskredite. Closely comparable to LBS Süd in product mix and target customer (homebuyers, savers), competes through its own banking and advisory network plus digital channels.
• Alte Leipziger Bausparkasse: German building society offering Bausparverträge and home loan savings products as part of the Alte Leipziger insurance group. Direct peer in the Bausparkasse sector with overlapping savings-plus-loan products and government-subsidy integration.
• Debeka Bausparkasse: Mutual insurance and building society group offering Bausparverträge and Baufinanzierung. Comparable scale and product set to LBS Süd, with strong presence in Bavaria and western Germany overlapping with LBS Süd's geography.
• SIGNAL IDUNA Bausparkasse: Insurance and building society group offering Bausparen and home financing products. Competes with LBS Süd in the Bausparvertrag segment and cross-sells through its insurance agent network.
• BHW Bausparkasse (Deutsche Bank): Building society owned by Deutsche Bank, offering Bausparverträge, Baufinanzierung, and Modernisierungskredite. Direct competitor with comparable product portfolio and digital-first delivery model.
• Deutsche Bausparkasse Badenia (Generali): Building society subsidiary of Generali in Germany, offering Bausparverträge and home financing. Smaller peer but directly comparable in Bausparkasse business model and state-subsidy integration.

Broad incumbents

• Interhyp: Germany's largest mortgage broker, offering Baufinanzierung products from ~500 partner banks. Competes with LBS Süd at the construction-loan stage and increasingly captures the digital research phase that traditionally fed LBS's Sparkassen sales funnel.
• ING-DiBa (Germany): Major direct bank offering Baufinanzierung and Bauspar products in Germany. Competes with LBS Süd on price and digital convenience rather than bundled savings-plus-loan model.

Others

• Sparkasse (regional savings banks): Owners and distribution partners of LBS Süd. While not a direct competitor (they co-distribute LBS products), they themselves offer Baufinanzierung, Modernisierungskredite, and savings products that overlap with LBS's downstream offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LBS_Bayern
• Facebookfacebook.com/LBS.Westdeutsche.Landesbausparkasse
• LinkedInlinkedin.com/company/lbs-sued

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LBS Süd