• Annual Review 2017

    As reading habits have changed a lot these days we enhanced our reporting. The image report is now no longer a part of the Annual Report 2017. Instead we developed a new Annual Review in addition to the Annual Report, where you can get all the information on NORD/LB’s flagship projects, our mindset and our motivation to be our customers’ best bespoke tailors. We hope that you really like this new Annual Review and enjoy reading it. We are always looking forward to your feedback.

    Annual review Facts & figures Annual report More documents
    vektorgrafik Maßschneider
  • Bespoke tailors for our customers

    As a commercial bank, NORD/LB provides an attractive and comprehensive offering of financial services to private, corporate and institutional customers as well as to the public sector, in Northern Germany and well beyond this core region. For example, NORD/LB participates in the structured financing of international projects, particularly in the areas of energy, infrastructure, shipping, aircraft and real estate.

    Annual review Facts & figures Annual report More documents
    vektorgrafi was uns ausmacht
  • What makes us who we are

    We carry out NORD/LB business with a steady hand and a cool head. The best example is our conservative risk policy: Our risk provisioning policy is far-sighted, we treat any and all (credit) risks responsibly, and provide finance only according to strict guidelines. This gives us a solid position, as confirmed by our stress test results as well.

    Annual review Facts & figures Annual report More documents
    vektorgrafik Zahlen und Fakten
  • What the figures say

    NORD/LB has formulated four key objectives for the 2017 financial year: Return to profits, increase its Tier 1 capital ratio to over 11 per cent, continue to reduce its ship portfolio and implement the first milestones in its “ONE BANK” transformation programme. Its balance sheet as at 31 December 2017 was very positive – with all objectives achieved

    Annual review Facts & figures Annual report More documents
  • Facts & Figures

    NORD/LB reported earnings before taxes of 195m as at year-end 2017. The consolidated profit amounted to €135m. In 2016 the Bank had posted a pre-tax loss of €-1.9bn due to a massive intensification of the global shipping crisis. The reasons for this year’s positive result are reduced loan loss provisions and a special effect from disposals of securities. Facing a challenging environment NORD/LB confirmed its good earnings position in all segments. The bank successfully reduced the shipping portfolio. Since year-end 2015 the shipping portfolio fell by nearly €7bn from €19.0bn to €12.1bn in only two year’s time.

    Common equity tier 1 ratio of NORD/LB was at 12.1 per cent as at 31 Dec 2017, while the total regulatory capital ratio was at 17.8 per cent. Please find an overview on our income statement, key figures, ratings and an update on our shipping portfolio by following these links

    Annual review Facts & figures Annual report More documents
    vektorgrafik daten

Bespoke tailors for our customers

As a commercial bank, NORD/LB provides an attractive and comprehensive offering of financial services to private, corporate and institutional customers as well as to the public sector, in Northern Germany and well beyond this core region. For example, NORD/LB participates in the structured financing of international projects, particularly in the areas of energy, infrastructure, shipping, aircraft and real estate.

Annual review Facts & figures Annual report More documents
vektorgrafik Maßschneider für unsere Kunden

Thomas S. Bürkle
Chairman of the Managing
Board of NORD/LB, Hanover

Editorial

2017 was a ground-breaking year for NORD/LB. First of all, we managed to turn a profit again, in spite of risk provisioning in ship financing still being exceptionally high. Secondly, we succeeded in noticeably raising our capital ratios. Thirdly, we were able to scale back our ship finance portfolio much more quickly than we originally planned. And fourthly, we merged Bremer Landesbank with NORD/LB in record time – the first key step in our transformation programme entitled “ONE BANK”, with which we want to streamline and strengthen the entire Group.

To the interview

2,400

corporate customers

240,000

current accounts in the Braunschweig region

5,000

properties financed

535

aircraft financed

1,115

ships financed

>70

savings banks in the savings bank network

Matthias Hellmann

First and foremost, “ONE BANK” should ultimately be positive for them. Our new structures ensure more efficiency for an even greater customer focus. Thanks to our leaner and increasingly digital processes, in future they will benefit from shorter processing times and faster decision making.

To the interview

Brit Meyer

At NORD/LB in Magdeburg, Brit Meyer is responsible for the syndication of large-volume financing in the housing sector. She is in contact with professional commercial real-estate investors like insurance companies and banks that want to get involved in broadly-diversified loan portfolios.

To the interview

What drives us – Bespoke tailors for our customers

In the following we would like to present some tailor-made flagship projects:

downunder

Out in front down under

As one of the leading banks in the field of renewable energies, we continue to expand our portfolio around the globe. We thus offer German clients and investors an opportunity to harness the potential of new, attractive markets – on the other side of the world for example: in 2017 we financed our largest solar power project to date in Australia.

Solar power for up to 87 000 Australian households

To the article
investment

Promising investment

Many cities in Germany are growing – this means demand for housing is correspondingly high in many places. In the capital city of Saxony-Anhalt, the Magdeburg housing association (Wobau) and NORD/LB are together treading new paths in real estate financing.

Something’s happening in the centre of Magdeburg: in the immediate vicinity of the Dom (cathedral), the construction of the “Domviertel” (Cathedral Quarter) began in 2017, named after the city’s landmark. This district in an excellent location is to be completed by the end of 2020. State-owned Wobau, the largest housing association in Saxony-Anhalt, is to invest € 70 million in the project, combining new-builds and the modernisation of existing real estate.

To the article
Motor des Mittelstands

SME driving force

The German SME sector is a broad area: Companies of various sizes, ranging from ten to ten thousand employees in various sectors, from automotive suppliers to dental technology firms, want to prevail in their markets and secure long-term success. This requires intelligent and above all custom strategies – both business and financial. So SMEs need a bank that speaks their language, one that does not act by routine, but specific to given industries.

To the article
Nachhaltig an der Seite unserer Kunden

Backing our clients for the long run

NORD/LB has not only set a sustainable course for its own business activity, it also primarily helps clients shape their business operations in line with the environment, climate, people and society.

With a large-volume project funding, NORD/LB supports the construction of an onshore wind farm in Sweden with wind turbines from Lower Saxony.

To the article NORD/LB sustainability
Ein harmonisches Schiffsportfolio im Visier

Maritime all-rounder

NORD/LB can look back on a long history in ship financing. We still feel the same connection to this segment, and despite all the challenges we see this as a promising business field with good earnings opportunities. We have carried out the necessary alterations in our shipping portfolio so consistently that the downsizing goals set for the end of 2018 were achieved one year early.

To the article
Thomas Bürkle

2017 – a ground-breaking year for NORD/LB

“We fully achieved our four most important targets for 2017. The bank is profitable again and we managed to raise all of our capital ratios. Furthermore we reduced our shipping loan portfolio much faster than originally planned. And last, not least we took the first step for the realignment of NORD/LB by the full integration of Bremer Landesbank.”

To the interview

What makes us who we are

We carry out NORD/LB business with a steady hand and a cool head. The best example is our conservative risk policy: Our risk provisioning policy is far-sighted, we treat any and all (credit) risks responsibly, and provide finance only according to strict guidelines. This gives us a solid position, as confirmed by our stress test results as well.

Annual review Facts & figures Annual report More documents

Priorities for NORD/LB:

// Supporting and advising private and commercial customers in all finance issues
// Tailored financing in the corporate customer business and in agricultural banking
// Financing solutions in the shipping and aircraft segments
// Project financing in the fields of renewable energies and infrastructure
// Commercial real estate financing, including social housing
// Traditional banking products as well as interest and currency hedges
// Debt capital issues on the capital market
// Transformation of credit risks in investment products and asset management services for institutional investors
// Comprehensive and tailored range of money and capital-market products

About NORD/LB

Managing Board
(left to right)

Günter Tallner
Member of the
Management Board

Christoph Dieng
Member of the
Management Board

Thomas Bürkle
Chairman of
the Management Board

Ulrike Brouzi
Member of the
Management Board

Dr. Hinrich Holm
Deputy Chairman of
the Management Board

Christoph Schulz
Member of the
Management Board

What the figures say

NORD/LB has formulated four key objectives for the 2017 financial year: Return to profits, increase its Tier 1 capital ratio to over 11 per cent, continue to reduce its ship portfolio and implement the first milestones in its “ONE BANK” transformation programme. Its balance sheet as at 31 December 2017 was very positive – with all objectives achieved.

Annual review Facts & figures Annual report More documents

Dr. Hinrich Holm
Deputy Chairman

»In essence, it’s about having foresight and the ability to adapt for the future«

We wanted to have positive annual results again, improve our capital ratios and reduce our ship portfolio. We have managed to do all of this.

To the interview


Return to profits


Private and business customers


Corporate customers


Markets


Energy and Infrastructure Customers


Ship Customers


Aircraft customers


Real Estate Customers

Facts & Figures

NORD/LB reported earnings before taxes of 195m as at year-end 2017. The consolidated profit amounted to €135m. In 2016 the Bank had posted a pre-tax loss of €-1.9bn due to a massive intensification of the global shipping crisis. The reasons for this year’s positive result are reduced loan loss provisions and a special effect from disposals of securities. Facing a challenging environment NORD/LB confirmed its good earnings position in all segments. The bank successfully reduced the shipping portfolio. Since year-end 2015 the shipping portfolio fell by nearly €7bn from €19.0bn to €12.1bn in only two year’s time.

Common equity tier 1 ratio of NORD/LB was at 12.1 per cent as at 31 Dec 2017, while the total regulatory capital ratio was at 17.8 per cent. Please find an overview on our income statement, key figures, ratings and an update on our shipping portfolio by following these links

Annual review Facts & figures Annual report More documents
Vektorgrafik_header