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.

>Further information

History

In 1970, Norddeutsche Landesbank Girozentrale emerged from the merger of four predecessors: Braunschweigische Staatsbank, Hannoversche Landeskreditanstalt, Niedersächsische Landesbank Girozentrale and Niedersächsische Wohnungskreditanstalt Stadtschaft.

>Further information


Group figures at a glance

The most significant banks in the NORD/LB Group consist of NORD/LB, Norddeutsche Landesbank Luxembourg S.A. and Deutsche Hypothekenbank AG.

>Further information


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.

>Further information


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.

>Further information


Locations worldwide

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.

>Further information

Contact

NORD/LB Headquarters
Friedrichswall 10
30159 Hannover


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.