Ladies and Gentlemen,
The coronavirus pandemic is causing major concerns worldwide.
That is why it is particularly important for us to inform you that we are
there for you even in these turbulent times. Both for your personal
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NORD/LB: Restructuring puts strain on financial income for 2019
- Losses before taxes EUR 30 million
- Profit/loss before restructuring and taxes EUR 429 million
- Ratings on the way up after capital reinforcement
- Transformation of bank in full swing
- Coronavirus complicating outlook for 2020
NORD/LB Norddeutsche Landesbank finished the financial year 2019 with a loss before
taxes of EUR 30 million. Consolidated profit after taxes was minus EUR 69 million.
As already announced, high restructuring expenses were generated for the realignment
of the bank in 2019, which put a significant strain on financial income. At EUR 429 million,
earnings before restructuring, reorganisation and taxes were at a very respectable level.
The Group Results as at 31 December 2019 are 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.
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.