Despite restructuring and Corona impacts -
NORD/LB with balanced annual result in 2020
- Consolidated profit at € 25 million
- Administrative expenses fell again
- CET1 ratio at strong 14.6 per cent
- Important intermediate steps in the transformation of the bank achieved
- Outlook for 2021 characterised by high uncertainty due to Corona pandemic
NORD/LB Norddeutsche Landesbank closed the 2020 financial year with a consolidated
profit after taxes of € 25 million. Earnings before taxes were € -13 million. In order to be
prepared for possible consequences in connection with the Corona pandemic, the bank
has significantly increased its risk provisioning in the 2020 financial year. At the same time,
NORD/LB has continued to restructure the Group and has achieved important interim targets.
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.