Presiding judge Peter Noll convicted BayernLB's former chief risk officer Gerhard Gribkowsky of tax evasion, bribery and breach of fiduciary trust in a court in Munich.
Noll described the billionaire Ecclestone as the 'driving force' behind the payments but said Gribkowsky, in turn, had shown 'high criminal energy'.
Gribkowsky was arrested in January 2011 over the sale of BayernLB's 48% stake in Formula One to UK investor CVC.
The banker told the court earlier this month that he received the money and a job offer as part of a secret agreement with Ecclestone in 2005.
Ecclestone has been subject to an investigation by German prosecutors but no charges have been filed against the 81-year-old Briton. He denies wrongdoing and has said he was the victim of coercion by Gribkowsky.
Hit the link below to access the complete Reuters article: