Always in motion.
Q3 Results 2016
NORD/LB Norddeutsche Landesbank concluded the first nine months of financial year
2016 with a consolidated loss before taxes of EUR 624 million. After taxes, the consolidated
loss stood at EUR 736 million. This was mainly due to a further increase in risk provisioning
for ship finance. With this, the bank is reacting to the further intensification of the global
shipping crisis over the course of this year and responding to the lower forecasts from all
relevant institutions. A disproportionately high share of the risk provisioning is due to ship
finance provided by Bremer Landesbank (BLB). BLB will become a 100% subsidiary of
NORD/LB at the turn of the year, though its results are already fully incorporated in the
Group figures (as in previous years).
The interim report as at 30 September 2016 is available for download at the following link.
It's not easy making it to the
top five. You need wind, sun,
and lots of commitment.
For many years, NORD/LB has been one of the world's leading institutions
in financing renewable energy projects. In 2015, we provided USD 8.9 billion
of financing in this area, of which approx. 75 percent went to wind power
facilities. As a mandated lead arranger, we provided USD 1.9 billion.
We have now been recognised for our commitment: in the latest IJ – Global
Project Finance and Infrastructure Journal rankings, we have been placed in
the top five in the world – higher than any other German financial institution.
This has motivated us to continue to support sustainable projects in the future.
Find out more at www.nordlb.com/mla-ranking
NORD/LB: The North German way.
NORD/LB is northern Germany‘s foremost universal bank. Some of its
divisions can already look back on a history spanning almost two and
a half centuries. Nevertheless, our company remains young in terms
of how it thinks and acts. Discover who we are and what we represent.
Who provides solutions that
meet your exact needs?
No two companies are the same – which is why our financing
concepts are a perfect fit when it comes to medium-sized
corporate clients. We provide you with specific solutions
that allow your company to draw tangible benefits.
We can tell you if wind
will pay off for you!
Get in touch with us to find out whether it makes sense for you
to invest in renewable energy. As one of the largest financiers
for renewable energy systems, we can offer you a
comprehensive range of services.