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.

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History

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

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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.

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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.

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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.

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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.

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Contact

NORD/LB Headquarters
Friedrichswall 10
30159 Hannover


NORD/LB increases risk provisioning and continues restructuring of the bank

  • Risk provisioning further increased in order to be prepared for possible covid-19 effects
  • Consolidated profit fall to minus 74 million euros
  • Transformation process proceeding according to plan, costs already significantly reduced
  • Negative annual result expected

In the first nine months of 2020, NORD/LB achieved a consolidated profit of minus € 74 million. In the same period of the previous year, the Group's EBT amounted to € 215 million. NORD/LB again significantly in-creased its risk provisioning in the third quarter in order to be prepared for the real economic effects of the Corona pandemic.