NORD/LB reports

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Take a look at our business performance. All current reports can be downloaded here.

NORD/LB has achieved a respectable first half-year result 

  • Earnings before taxes grew to € 180 million in the first half-year
  • Administrative expenses were reduced considerably
  • Total assets continued to shrink
  • Implementation of capital measures by the end of the year

NORD/LB Norddeutsche Landesbank realised earnings before taxes of € 180 million in the first half-year of 2019. The consolidated profit after taxes was € 149 million. The bank was able to further improve the consol-idated profit of € 54 million earned in the first quarter. There was also a significant increase in profit as compared to the first half-year of 2018 (1H 2018: € 54 million).

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:
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Business Year 2015

In financial year 2015 NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 653 million, more than doubling the prior year’s result (€ 276 million). The same applies to the consolidated profit, which totalled € 518 million (prior year: € 205 million).

Contact

NORD/LB Investor Relations
Friedrichswall 10
30159 Hannover


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