Press Archive

12/13/2017 Financial close of EUR 45.7m project finance of bois de bajouve and monts de l’ain wind farms

RES, ACOFI Gestion and NORD/LB Norddeutsche Landesbank have achieved financial close of the EUR 45.7m non-recourse project financing (including ancillary facilities) for Bois de Bajouve and Monts de l’Ain wind farms located in the departments of L’Ain and Puy-de-Dôme. ACOFI Gestion has acquired 100% of the projects from RES on behalf of its fund, Transition Energétique France. RES has developed the projects and has provided a turnkey solution for the construction period. In addition, RES will take care of the technical management during the operational period.

12/05/2017 NORD/LB places “Northvest 2” credit portfolio with institutional investors

NORD/LB Norddeutsche Landesbank issued a large-volume credit portfolio transaction and thereby placed credit default risks with institutional investors. With this transaction, the bank added a further component to its capital-strenghtening strategy. It enables the bank to reduce its risk-weighted assets by around EUR 3.7 billion. This results in a positive effect on the CET 1 ratio, which is expected to rise at the end of the year to around 12 per cent.

11/29/2017 NORD/LB: Nine-month result at € 326 million

NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 326 million in the first nine months of the current year. Consolidated profit after taxes totalled € 228 million. In the corresponding period of the previous year, the Bank posted a pre-tax loss of minus € 624 million.

11/08/2017 NORD/LB in leading role to finance one of Europe's biggest onshore wind projects

NORD/LB successfully financed the 650 MW Markbygden project located in Norrbottens, North Sweden. The project will be the largest single onshore wind farm in Europe with a total investment of approximately EUR 800m. The project financing is close of EUR 500m and has been structured as a combination of commercial debt and development finance. NORD/LB acted as Mandated Lead Arranger and ECA advisor to the sponsors helping to structure the tranche covered by Euler Hermes. The total debt package was provided by the European Investment Bank, NORD/LB, KfW Ipex and HSH Nordbank. Euler Hermes is providing political and commercial risk insurance.

09/29/2017 NORD/LB issues 7-year benchmark Pfandbrief

On Thursday, 28 September 2017 NORD/LB issued a benchmark public-sector Pfandbrief with a seven-year term and a face value of EUR 500 million. The order book already reached this volume just 30 minutes after opening in the morning. On closing at 11:00, the books had logged orders of over EUR 900 million altogether. Germany accounted for the largest share of placements at 76 percent.

09/13/2017 Further accolade for the NORD/LB Research team

The Research team at NORD/LB Norddeutsche Landesbank has once again achieved a top placement in an international ranking. The Fixed Income Research Survey 2017 conducted by the prestigious British financial market magazine Euromoney rated NORD/LB ninth in the Covered Bonds & Pfandbriefe category. This was the bank’s fourth consecutive year with a top-ten ranking among the world's best analysts. Last year saw NORD/LB with a successful tenth place in this category. The ranking is based on a global survey conducted among institutional investors.

08/30/2017 NORD/LB expands profit in first half of the year

NORD/LB Norddeutsche Landesbank concluded the first half of 2017 with earnings before taxes of EUR 409 million. Consolidated profit stood at EUR 271 million. The Bank was therefore able to expand the earnings before taxes of EUR 255 million achieved in the first quarter. In the first half of the previous year, the Bank posted a pre-tax loss of minus EUR 364 million.

08/14/2017 Merger of BLB with NORD/LB on 31 August

The merger of Bremer Landesbank (BLB) with Norddeutsche Landesbank (NORD/LB) will take place according to plan on 31 August 2017. The relevant decisions were taken by both institutions at the owners' meeting on Monday.

06/29/2017 Frank Wulf Heads Aircraft Finance of NORD/LB

Frank Wulf becomes new head of the Aircraft Finance business division of NORD/LB. Wulf comes from DVB Bank, where he held various management posts from 1998 onwards. Based in London, Frank Wulf was Managing Director and Regional Head of Aviation Europe, Middle East & Africa for DVB from 2006 onwards. The 52-year-old with a degree in business administration has more than 20 years' experience in the structuring of complex financial agreements in aviation.

05/31/2017 NORD/LB wins award for public private partnerships

NORD/LB Norddeutsche Landesbank is this year's winner of the gold Partnership Award in the category Debt Provider of the Year. The awards are given annually by Partnerships Bulletin – one of the most prestigious magazines in the sector – in recognition of the worldwide best public private partnership (PPP) projects, this time for those of 2016. This was the 19th year of the awards which saw more than one hundred PPP projects from Europe, Africa, the Middle East, Australia and Asia submitted in 18 different categories. NORD/LB came out as winner ahead of international heavyweights such as Allianz Global Investors, Mitsubishi UFJ Financial Group or the Sumimoto Mitsui Banking Corporation Group. In its decision the jury mentioned, among other things, the fact that customers on both the public as well as private sector sides were extremely satisfied with their cooperation with NORD/LB.