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NORD/LB: Restructuring of the bank on track

27.05.2020 – In the first quarter of 2020 NORD/LB Norddeutsche Landesbank achieved a loss before taxes of 65 million euros. The consolidated loss is minus 71 million euros. The decisive factors for the negative result were the ac-counting of the bank levy for the full year 2020, fees for portfolio guarantees and valuation effects in the course of the Corona pandemic. In the first three months of the previous year, the bank had generated a pre-tax profit of EUR 65 million.

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Further press releases

>21.04.2020 – NORD/LB is committed to the "Principles for Responsible Banking"

>24.03.2020 – NORD/LB: Restructuring puts strain on financial income for 2019

>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


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