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, 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.
NORD/LB confirms again a positive trend in third quarter
- Earnings before taxes rise to € 257 million
- Cost discipline proves effective
- Implementation of capital measures by the end of the year
In the first nine months of 2019, NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 257 million. Consolidated profit after taxes was € 215 million. The positive trend of the first half of the year has thus continued into the third quarter. Earnings also rose significantly compared to the previous year (01/01-30/09/2018: € 64 million).