NORD/LB achieved a consolidated result of minus € 101 million in the first three months of 2022. As usual, the first quarter was also distorted downwards by payments for the bank levy and the deposit guarantee fund amounting to € 67 million.
NORD/LB Norddeutsche Landesbank has signed the Climate Protection Commitment of the German financial sector, thereby committing itself to aligning its loan and investment portfolios with the goals of the Paris Climate Agreement. This initiative, which originated in the banking sector of the financial sector, aims to actively participate in the societal transformation to limit climate change.
NORD/LB Norddeutsche Landesbank closed the 2021 financial year with earnings before taxes of 16 million euros. The consolidated profit was 19 million euros. In 2020, the pre-tax result was minus 27 million euros. At the same time, the bank's capitalisation improved further. The successful restructuring of the bank opens up growth prospects in selected business areas.
NORD/LB Norddeutsche Landesbank has completed the financing of the Italian onshore wind farm "San Paolo". The wind farm is located in the Apulia region and is largely completed. Accordingly, "San Paolo" will start operation shortly and feed renewable energy into the Italian electricity grid.
NORD/LB Norddeutsche Landesbank acted as Structuring Bank in supporting ASX-listed Genex Power Limited (Genex) throughout the project financing process of their 50MW/100MWh Bouldercombe Battery Project in Central Queensland, Australia.
NORD/LB Norddeutsche Landesbank has financed a portfolio of five wind farms. The wind farms are located in northwestern Poland. The portfolio was developed by the Danish wind farm developer European Energy A/S and has a total capacity of approximately 45 megawatts (MW).
A zero-carbon future is on the horizon for regional trains between Berlin and the surrounding Brandenburg area. The railway company Niederbarnimer Eisenbahn (NEB) plans to replace diesel locomotives with the first battery-powered trains from December 2024. It has ordered 31 new Mireo Plus B trains from Siemens for the ten East Brandenburg lines between Berlin and the Polish border.