LeasAG Leasing Aktiengesellschaft operates the finance leasing business within the meaning of Section 1 (1a) No. 10 of the German Banking Act (KWG) and is therefore an institution within the meaning of Section 1b of the German Banking Act (KWG) that is covered by the scope of application of the German Institutional Compensation Ordinance (Institutsvergütungsverordnung).
LeasAG Leasing Aktiengesellschaft has a balance sheet total of EUR 130.0 million on average over the respective reporting dates of the last three financial years, which is less than € 15 billion. LeasAG Leasing Aktiengesellschaft is therefore not an important institution within the meaning of Section 17 (1) of the InstitutsVergV. Likewise, it has not been designated as an important institution by the BaFin pursuant to Section 17 (3) of the InstitutsVergV.
