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NORD/LB: Restructuring puts strain on financial income for 2019

24.03.2020 – NORD/LB Norddeutsche Landesbank finished the financial year 2019 with a loss before taxes of EUR 30 million. Consolidated profit after taxes was minus EUR 69 million. As already announced, high restructuring expenses were generated for the realignment of the bank in 2019, which put a significant strain on financial income. At EUR 429 million, earnings before restructuring, reorganisation and taxes were at a very respectable level.

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Further press releases

>21.01.2020 – NORD/LB CBB successfully issues green covered bond on the capital market for the first time

>10.01.2020 – Moody's upgrades ratings for NORD/LB by two notches

>23.12.2019 – NORD/LB: Capital measures implemented

>06.12.2019 – Olof Seidel appointed to Managing Board of NORD/LB

>06.12.2019 – Dr Hinrich Holm to leave NORD/LB

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Friedrichswall 10
30159 Hannover


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