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GERMANY-BAYERNLB-WRITEDOWNS/
RTR1Z233 
April 03, 2008 
Michael Kemmer, Chief Executive of the Bavarian state bank BayernLB, arrives for the annual news conference... 
Munich, Germany 
Kemmer, CEO of Bavarian state bank BayernLB, arrives for the annual news conference in Munich 
Michael Kemmer, Chief Executive of the Bavarian state bank BayernLB, arrives for the annual news conference in Munich April 3, 2008. German state bank BayernLB said it aimed to set up a 6 billion euro ($9.4 billion) guarantee fund to help absorb losses on its 24 billion euro portfolio of complex asset-backed securities. REUTERS/Michaela Rehle (GERMANY) 
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