NORD/LB - One of the largest banks in Germany
NORD/LB is the leading universal bank in the north of Germany. As the Landesbank of Lower Saxony and Saxony-Anhalt, it supports the public sector in municipal financing and assumes the responsibilities of a central bank for the savings banks in these two states as well as Mecklenburg-Western Pomerania.
Some areas of NORD/LB look back on almost two and a half hundred years of history. Nonetheless, our company is young in thought and action. Here you will learn who we are and what we stand for.
In 1970, Norddeutsche Landesbank Girozentrale emerged from the merger of four predecessors: Braunschweigische Staatsbank, Hannoversche Landeskreditanstalt, Niedersächsische Landesbank Girozentrale and Niedersächsische Wohnungskreditanstalt Stadtschaft.
Group figures at a glance
The most significant banks in the NORD/LB Group consist of NORD/LB, Bremer Landesbank, Norddeutsche Landesbank Luxembourg S.A. and Deutsche Hypothekenbank AG.
Investments and subsidiaries
Banking is currently in a dynamic phase of reorientation. With rising expectations and responsibilities, the significance of suitable, competent partners is increasing in order to successfully confront the growing challenges.
Landesbank for Saxony-Anhalt
In 1992, NORD/LB assumed the role of Landesbank for Saxony-Anhalt as part of a state agreement between Lower Saxony and Saxony-Anhalt.
NORD/LB is the Landesbank in Lower Saxony and Saxony-Anhalt and is represented there with its main registered offices and branches. As an internationally operating commercial bank, NORD/LB also has offices in all significant financial and trading centres such as London, New York, Singapore and Shanghai.
Business Year 2016
As announced in autumn 2016, NORD/LB Norddeutsche Landesbank closed the financial year 2016 with a significant loss. The consolidated loss was € 1,865 million before taxes and € 1,959 million after taxes. The loss was the result of a huge increase in the risk provisioning for ship fi-nancing, especially at subsidiary Bremer Landesbank (BLB). Overall the Group set aside € 2,940 million for ship financing risks in 2016, after € 840 million in the previous year. This was the Bank's reaction to the dramatic deterioration in the global shipping crisis over the course of 2016.
Online Annual Report
Our current figures are presented for the first time on its own web page or alternatively as PDF download:
>Online Annual Report