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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 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
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.

>Online Annual Review