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NORD/LB reports loss of € 1.9 billion for 2016

06.04.2017 – 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 financing, 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.

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Further press releases

>22.03.2017 – NORD/LB presents an analysis of CeBIT partner Japan

>07.03.2017 – NORD/LB Research honoured for high forecasting accuracy

>17.02.2017 – NORD/LB issues EUR 500 million covered bond

>11.01.2017 – Traxpay and NORD/LB to enter cooperation

>09.12.2016 – NORD/LB finances two wind farms in Lower Saxony and Italy

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