Press Archive

11/26/2015 NORD/LB improves business result

NORD/LB Group achieved earnings before taxes of € 630 million in the first nine months of 2015, which represents a significant increase on the profit of € 364 million for the same period of the previous year, while its consolidated profit totalled € 539 million (previous year: € 251 million).

11/02/2015 Dieter von Holtzbrinck Ventures and NORD/LB establish joint venture for the support and advancement of digital business models

Dieter von Holtzbrinck Ventures GmbH (DvH Ventures) – a subsidiary of Dieter von Holtzbrinck Medien GmbH – and NORD/LB Norddeutsche Landesbank are setting up a joint venture with the purpose of supporting and advancing business models in the sphere of modern financial technology.

10/01/2015 NORD/LB finances a wind farm in Finland for the first time

NORD/LB is financing a wind farm in Finland for the Bremen-based project development firm wpd AG. The transaction involves an overall loan capital amount of around EUR 100 million, furnished in cooperation with Commerzbank. This is NORD/LB's first project financing deal for the Finnish market.

09/29/2015 NORD/LB finances helicopters for the first time

NORD/LB Norddeutsche Landesbank is providing the finance for the acquisition of two AgustaWestland AW139 helicopters by leasing company LCI Helicopters. The helicopters will be used to provide supplies to wind parks in the North Sea. The total asset value is in excess of $ 30 million (around € 27 million). This is the first time NORD/LB has provided finance in this asset class.

09/09/2015 NORD/LB tops up “Northvest” credit portfolio for institutional investors

NORD/LB has topped up its “Northvest” credit portfolio transaction for institutional investors by an amount of €5.1 billion. Northvest offers institutional investors the opportunity to invest directly in the bank’s credit-based business model.

08/27/2015 NORD/LB presents sound half-year earnings

NORD/LB closed the first half of 2015 with a consolidated profit of € 290 million after taxes (previous year’s figure: € 243 million). Earnings before taxes totalled € 314 million (€ 348 million).

07/22/2015 NORD/LB with further expansion of customer business in Asia

NORD/LB Norddeutsche Landesbank is augmenting its activities in Singapore and Shanghai in the interests of servicing and assisting its customers in the expansion of their Asian business activities. NORD/LB intends to achieve considerable growth in Asia in the years ahead, in particular with project financing in the spheres of energy and infrastructure, the financing of ships and aircraft as well as in the field of business with German SMEs. With a staff of 60 employees in the Singapore branch and 20 in Shanghai, NORD/LB is already the leading German Landesbank in Asia.

05/28/2015 NORD/LB starts into the year successfully

NORD/LB achieved earnings before taxes of € 229 million in the first three months of 2015, a significant improvement on the € 133 million achieved in the first quarter of the previous year. Consolidated profit totalled € 156 million in the first quarter of 2015 (first quarter of 2014: € 92 million).

04/28/2015 NORD/LB doubles earnings before taxes

NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 276 million in the financial year 2014 and thereby significantly increased its pre-tax profit. In 2013 its earnings before taxes had totalled € 140 million. Its consolidated profit after taxes totalled € 205 million in 2014. The previous year’s figure (€ 224 million) was boosted by a special tax effect. There was no change in the preliminary figures for the financial year 2014 published at the end of March.

03/30/2015 NORD/LB achieves significant increase in earnings before taxes

NORD/LB increased its earnings before taxes significantly in the financial year 2014. According to provisional figures, it achieved a consolidated profit before taxes of € 276 million in 2014. In 2013 its earnings before taxes had totalled € 140 million.