19. Political Influence

All significant input relating to legislative procedures, all entries in lobby lists, all significant payments of membership fees, all contributions to governments as well as all donations to political parties and politicians should be disclosed by country in a differentiated way.

OLB is member in the Bundesverband deutscher Banken e. V. (Association of German Banks, registered association), which is the key organisation representing its interests and through which submissions for legislative procedures can be made.
It is also member, inter alia, of the local Chambers of Industry and Commerce and the Förderverein Wirtschaft pro Metropolregion e. V. (Association Promoting the Economy for the Metropolis Region, registered association). In addition to obligatory memberships, the Bank also pursues memberships for social or business reasons which are set out in internal guidelines.
According to its claim for independence, OLB is not interested in any intensive networking or influence on a political level. Any payments and contributions to political parties in the name of OLB always require the explicit approval of the competent Board of Directors and no such payments were made in the year 2020. Whenever employees wish to actively engage in political activities, OLB recognises this commitment but also requests that such activities be performed exclusively in the employee’s private environment.