Financial communication from NORD/LB
Welcome to our Investor Relations pages.
Here you will find current and historical information on all aspects of the NORD/LB Group as well as our annual and interim reports. If you need further information or have any questions, the Investor Relations team is at your service.
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.
We provide you with condensed information about your profit/loss and balance-sheet figures and important performance indicators.
Alongside NORD/LB, the NORD/LB Group also includes the Norddeutsche Landesbank Luxembourg S.A. and the Deutsche Hypothekenbank AG as key institutions.
Ratings agencies have been rating companies, banks and local authorities around the world for over 100 years. Thanks to our good rating, NORD/LB is one of the most sought-after addresses in the issuing business.
Refinancing via capital markets is an important component of the NORD/LB Group's overall financing strategy. For this reason NORD/LB has been closely involved with the capital markets for a long time both as a regular issuer domestically and also through its permanent presence and regular borrowing on the international financial markets.
NORD/LB Investor Relations
26 November 2020
Publication figures as at 30 September 2020
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