NORD/LB reports

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

NORD/LB starts the year well

  • Q1 pre-tax earnings of € 65 million
  • Administrative expenses further reduced
  • Total assets under € 150 billion for the first time

NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 65 million in the first three months of 2019, thus approximately equalling the previous year's result (€ 68 million). Consolidated profit after taxes was € 54 million, thereby exceeding the previous year's quarterly result of € 43 million.

Clarity regarding NORD/LB’s future direction

  • Key elements of future business model
  • NORD/LB runs down bad debt from ship financing
  • Risk provisioning for NPL portfolio responsible for 2018 negative EBT of € 2.1 billion
  • Bank to remain financier of SMEs
  • 2019 to be year of transition

NORD/LB Norddeutsche Landesbank has, together with its owners and the Savings Banks Finance Group, agreed on the key elements of a capital strengthening and revised business model with its former owners and the Savings Banks Finance Group. NORD/LB will remain a business partner for SMEs, savings banks, private and commercial customers as well as institutional investors. It will also continue in its role as a specialist for financing energy and infrastructure projects, real estate and aircraft.

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

Contact

NORD/LB Investor Relations
Friedrichswall 10
30159 Hannover


Reports print version until 2016

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