NORD/LB reports
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NORD/LB reports profit for first nine months
- Nine-month results before taxes and restructuring amount to € 195 million
- One Bank transformation programme bearing fruit: administrative expenses fall by 11 per cent
- Consolidated profit for the whole of 2018 likely to be negative
NORD/LB Norddeutsche Landesbank generated earnings before taxes and restructuring expenses of € 195 million in the first nine months of 2018. In the previous year, nine-month results were still dominated by extraordinary income from securities transactions and stood at € 436 million. Figures from the previous year can only be compared to a limited extent due to the introduction of the new IFRS 9 accounting standard. Consolidated profit after taxes stood at € 64 million after the first nine months.
Business Year 2017
NORD/LB Norddeutsche Landesbank concluded the financial year 2017 with earnings before taxes of € 195 million. Consolidated profit totalled € 135 million. In the financial year 2016, the Bank posted a loss before taxes of € 1.9 billion as a result of the marked intensification of the global shipping crisis.
Online Annual Review
Our current figures are presented on its own web page or alternatively as PDF download:
>Online Annual Review
> Annual Review 2017 - Facts & Figures (PDF, 59 KB)
> Remuneration Report 2017 (PDF, 911 KB)
> Group Annual Report 2017 (PDF, 4 MB)
> Main Features of the Capital Instruments (XLSX, 347 KB)
> Individual financial statement 2017 (PDF, 2 MB)
> Annual Review 2017 (PDF, 4 MB)
> Consolidated Financial Statements as at 31 December 2017 (XLSX, 140 KB)
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:
>Online Annual Report
> Group Annual Report 2016 (PDF, 8 MB)
> Disclosure Report 2016 (PDF, 1 MB)
> Main Features of the Capital Instruments (XLSX, 337 KB)
> Consolidated Financial Statements as at 31 December 2016 (XLSX, 142 KB)
> Individual financial statement 2016 (PDF, 1 MB)
> Remuneration Report 2016 (PDF, 717 KB)
> Bremer Landesbank IFRS Interim Financial Report 2016 (PDF, 2 MB)
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).
> Group Annual Report 2015 (PDF, 6 MB)
> Consolidated Financial Statements as at 31 December 2015 (XLSX, 139 KB)
> Disclosure Report 2015 (PDF, 3 MB)
> Main Features of the Capital Instruments (XLSX, 152 KB)
> Individual financial statement 2015 (PDF, 2 MB)
> Remuneration Report 2015 (PDF, 752 KB)
> Bremer Landesbank HGB Reports and Financial Statements 2015 (PDF, 2 MB)
Business Year 2014
NORD/LB achieved earnings before taxes of € 276 million in the financial year 2014 and thereby significantly increased its pre-tax profit. In 2013 its earnings before taxes had totalled € 140 million. Its consolidated profit after taxes totalled € 205 million in 2014.
Business year 2013
NORD/LB Norddeutsche Landesbank increased its profit significantly in the financial year 2013. The Group achieved earnings before reorganisation and taxes of EUR 268 million, following EUR 131 million in the previous year, while its earnings before taxes totalled EUR 161 million (previous year: EUR 78 million). Due to tax revenue as a result of one-off effects, earnings after taxes totalled EUR 245 million (EUR 82 million).
Contact
NORD/LB Investor Relations
Georgsplatz 1
30159 Hannover
As reading habits have changed a lot these days we enhanced our reporting. The image report is now no longer a part of the Annual Report 2017. Instead we developed a new Annual Review in addition to the Annual Report, where you can get all the information on NORD/LB’s flagship projects, our mindset and our motivation to be our customers’ best bespoke tailors.
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