NORD/LB reports profit for first nine months
- Nine-month results before taxes and restructuring amount to € 195 million
- One Bank transformation programme bearing fruit: administrative expenses fall by 11 per cent
- Consolidated profit for the whole of 2018 likely to be negative
NORD/LB Norddeutsche Landesbank generated earnings before taxes and
restructuring expenses of € 195 million in the first nine months of 2018. In the previous
year, nine-month results were still dominated by extraordinary income from securities
transactions and stood at € 436 million. Figures from the previous year can only
be compared to a limited extent due to the introduction of the new IFRS 9 accounting
standard. Consolidated profit after taxes stood at € 64 million after the first nine months.
The Consolidated Financial Statements as at 30 September 2018 is available for
download at the following link.
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.
We will support you in securing
your entrepreneurial future.
NORD/LB’s individual financial concepts open up
new prospects for medium-sized companies.
As a corporate customer, we view you as a partner and,
accordingly, will provide you with reliable advice from a single source.
Our most vital resource -
Since the mid 1990s, NORD/LB has successfully structured and
executed a large number of renewable energy projects across
the world. Today, NORD/LB is one of the leading banks in financing
renewable energies worldwide.
NORD/LB – your competent partner
for Infrastructure projects.
We have been actively financing infrastructure projects for over 20 years,
with a particular emphasis on the social infrastructure market.
Our technical expertise, combined with our focus on customer service,
make us an excellent partner.
Benefit from our access to money
and capital markets.
Nord/LB offers access to the money and capital markets for institutional
investors, savings banks and regional banks and aids issuers in the
placement of issues.
It develops individually tailored financial market solutions for:
Your partner for investment-type
products and financial solutions.
For 25 years, we have been working successfully as consultants and
financiers for businesses in the residential property sector, and today
we are among Germany’s leading financiers.
With detailed market knowledge and investment-type products,
we develop tailored, innovative financial solutions for you.