27.08.2020>NORD/LB with balanced half-year result

In the first half of 2020, NORD/LB achieved earnings before taxes of 6 million euros. Consolidated net income after taxes was 4 million euros. After a negative result in the first quarter, the bank returned to the profit zone in the middle of the year. Last year, the half-year result before taxes was 180 million euros.

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

NORD/LB Norddeutsche Landesbank signed the "Principles for Responsible Banking" of the United Nations (UN) at the beginning of April 2020. NORD/LB hence underlines the enormous significance of responsible action for its business policy. It is hence committed to formulating targets for its business segments which have a significant impact on the UN's global development targets and to publishing these targets. NORD/LB considers the needs of its customers, business partners, employees and investors equally.

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

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.

23.12.2019>NORD/LB: Capital measures implemented

The new and existing owners have taken the last step necessary for the re-alignment of NORD/LB, and implemented the measures to strengthen the bank's capital as planned. As a result, the bank today received a cash cap-ital injection to a total amount of EUR 2.8 billion which was allocated to the share capital. On 21 December, the new State Treaty on NORD/LB, which was signed by the States of Lower Saxony, Saxony-Anhalt and Mecklenburg-Vorpommern on 6 December, came into force.


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

At its meeting on Friday, the Supervisory Board of NORD/LB Norddeutsche Landesbank appointed Olof Seidel as a new member of the Managing Board. Seidel has been exercising the duties of Chief Financial Officer (CFO) and Chief Operating Officer (COO) as a General Representative for around a year and a half. The bank's Supervisory Board declared its intention to appoint Seidel to the Managing Board, once the necessary financial supervisory requirements were in place, back in April 2018.

06.12.2019>Dr Hinrich Holm to leave NORD/LB

Dr Hinrich Holm, Deputy Chairman of the Managing Board of NORD/LB and responsible for Financial Markets, will be leaving the bank when his contract expires on 31 January 2020. Dr Holm has been on the Managing Board of NORD/LB since 2010, with official residence in Magdeburg. Since 2012, he has been responsible for Financial Markets, and was appointed Deputy Chairman of the Managing Board at the start of 2017.

06.12.2019>EU Commission gives green light to capital measures

The EU Commission has declared the planned measures to strengthen NORD/LB's capital to be free of state aid and has thus cleared the way for the implementation of these measures. This was decided by the EU Commission yesterday.

10.10.2019>NORD/LB research team again honoured

NORD/LB’s fixed income research once again performed excellently in an international ranking. In a survey of institutional investors in Western Europe conducted by the prestigious financial market magazine Euromoney, NORD/LB came third in two important categories.

11.09.2019>Syndicate of BayernLB, Helaba and NORD/LB finances 56 multiple-unit trainsets for Augsburg’s e-rail network for EUR 389 million

A syndicate of BayernLB, Helaba and NORD/LB is providing EUR 389 million in financing for the purchase of 56 electric trains by Go-Ahead Bayern GmbH. The rail company will put the 44 Mireo multiple units and 12 Desiro-HC double-decker trains from Siemens Mobility into service from December 2022 on the routes Ulm-Augsburg-Munich, Würzburg-Donauwörth and Augsburg-Donauwörth.

29.08.2019>NORD/LB has achieved a respectable first half-year result

NORD/LB Norddeutsche Landesbank realised earnings before taxes of € 180 million in the first half-year of 2019. The consolidated profit after taxes was € 149 million. The bank was able to further improve the consolidated profit of € 54 million earned in the first quarter. There was also a significant increase in profit as compared to the first half-year of 2018 (1H 2018: € 54 million).

28.05.2019>NORD/LB once again receives the Debt Provider of the Year award

At the renowned Partnerships Awards in London, NORD/LB Norddeutsche Landesbank has been named Debt Provider of the Year for the third time in a row. The Partnership Awards are one of the biggest and most important events for infrastructure financing through public-private partnerships (PPP). Despite its comparatively small team, NORD/LB came out on top in a competitive field. Other finalists included Institute Assured Guaranty, Aviva Investors and Sumitomo Mitsui Banking Corporation Europe.

28.05.2019>NORD/LB starts the year well

NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 65 million in the first three months of 2019, thus approximately equalling the previous year's result (€ 68 million). Consolidated profit after taxes was € 54 million, thereby exceeding the previous year's quarterly result of € 43 million.

10.04.2019>Sale of a shipping loan portfolio amounting to EUR 2.6 billion closed

NORD/LB Norddeutsche Landesbank successfully completed the sale of a EUR 2.6 billion shipping loan portfolio ("Big Ben" transaction) to an affili-ate of Cerberus Capital Management, L.P., a global alternative investment manager. The transaction was closed on 9 April, in accordance with the signing of the purchase agreement dated February 2019.

04.04.2019>Clarity regarding NORD/LB’s future direction

NORD/LB Norddeutsche Landesbank has, together with its owners and the Savings Banks Finance Group, agreed on the key elements of a capital strengthening and revised business model with its former owners and the Savings Banks Finance Group. NORD/LB will remain a business partner for SMEs, savings banks, private and commercial customers as well as institutional investors. It will also continue in its role as a specialist for financing energy and infrastructure projects, real estate and aircraft.

20.03.2019>NORD/LB and BayWa r.e. close financing for three Italian 66 MW wind farms

BayWa r.e. and NORD/LB Norddeutsche Landesbank have successfully completed the financing of three new wind farms in Italy with a total vol-ume of more than 100 million euro. The wind farms are currently con-structed by BayWa r.e. (Munich) in the Italian regions of Lazio and Cam-pania and have a total output of around 66 MW.

01.03.2019>NORD/LB successfully places two own issues on the capital market

The NORD/LB Group placed two large-volume own issues on the capital market this week. On Monday, NORD/LB subsidiary Deutsche Hypo issued a benchmark mortgage Pfandbrief with a ten-year term and a volume of EUR 625 million. The bond was primarily placed with institutional investors in Asia and Europe. It carries a coupon of 0.75% and the yield is 0.768%, which equates to a spread of 12bp over mid-swap. At around EUR 750 million, the order book was slightly oversubscribed.

07.02.2019>Project financing by NORD/LB underpins energy transition and digitization

NORD/LB Norddeutsche Landesbank makes measurable contributions to digitization and the global energy transition by way of its project financing operations. 2018 saw the bank arrange an overall volume of EUR 3.5 billion nationally and internationally for energy and infrastructure projects. This puts NORD/LB in the top 3 leading project financing banks worldwide in 2019 for wind and solar farms according to the prestigious Inspiratia industry portal’s ranking.

02.02.2019>NORD/LB welcomes DSGV model

The owners and Managing Board of NORD/LB Norddeutsche Landesbank welcome the decision of the German Savings Banks Association (Deutscher Sparkassen- und Giroverband (DSGV)) to contribute to a solution for strengthening NORD/LB’s capital. At today’s Owners’ Meeting, they considered the proposed decision, which was discussed at the meeting with the DSGV and banking supervisory authority on Friday, to be a suitable basis for NORD/LB’s realignment and for the further development of its business model. In further discussions with the DSGV and in coordination with the banking supervisory authority and the EU Commission, the outstanding issues are to be clarified quickly so that these measures can be implemented as soon as possible.

03.12.2018>Further procedure in the bidding process

Since the end of 2017 NORD/LB and its holders are working on a comprehensive concept for repositioning the Bank and strengthening its capital. This is intended to prepare the Bank for further increases in regulatory requirements and to permanently strengthen its crisis resilience and competitiveness. Various far-reaching options are currently being considered in this process. These include a formal bidding process currently in progress to create a basis for a possible participation by external investors.

26.09.2018>NORD/LB initiates next phase of Group transformation

The NORD/LB Group restructuring is entering the next phase. In November the Bank will initiate a further wave of voluntary staff reductions as part of its One Bank transformation programme. By streamlining internal lending processes and management support functions, some 430 posts are to be eliminated Group-wide by the end of 2020. As a result of the synergy effects achieved through the merger with the former Bremer Landesbank in the first phase that began in 2017, another 420 positions are being cut – primarily at the Bremen and Oldenburg locations.

30.08.2018>NORD/LB closes first half of the year with profit

NORD/LB Norddeutsche Landesbank concluded the first half of 2018 with earnings before taxes and restructuring expenses of € 68 million. In the previous year, the corresponding half-year results were characterised by extraordinary income from securities transactions and stood at € 468 million. However, figures from the previous year can only be compared to a limited extent due to the introduction of the new IFRS 9 accounting standard.

02.08.2018>Financial close of EUR 100m construction bridge financing Don Rodrigo Solar Park in spain

BayWa r.e. renewable energy GmbH (a subsidiary of BayWa AG) and NORD/LB Norddeutsche Landesbank have achieved financial close of a EUR 100m Construction Bridge Financing for Don Rodrigo photovoltaic solar park, located in the municipalities of Utrera and Alcala de Guadaira, near Seville, in Spain, one of the highest solar irradiation areas in the country.

25.07.2018>NORD/LB finances solar farm in Hiroshima

NORD/LB Norddeutsche Landesbank is financing a solar farm in Hiroshima, Japan, for the project developer saferay GmbH, based in Berlin, Germany. The total capital investment is around 15 billion Japanese yen (JPY), equivalent to € 115 million.

06.07.2018>NORD/LB with bond issue for the European Union

NORD/LB executed a joint lead mandate in June for the first time for a syndicated European Union benchmark transaction. Set to mature in April 2033, the bond is targeted at institutional investors and was topped up by EUR 1.1 billion in this transaction. The total volume now stands at EUR 2.1 billion in all.

14.06.2018>NORD/LB wins gold again at Partnerships Awards

NORD/LB Norddeutsche Landesbank has won gold for the second time in a row at the Partnerships Awards 2018 which were held in the UK. The awards are presented each year by Partnerships Bulletin, one of the sector’s most renowned publications. This was the 20th time that the magazine has recognised the world’s best public private partnership (PPP) projects and players of the year.

11.06.2018>NORD/LB awarded "A" rating by DBRS

NORD/LB Norddeutsche Landesbank has been assigned a long-term "A" rating by rating agency DBRS. The "A" rating applies to both NORD/LB as an issuer and to its issued long-term unsecured bonds (senior debt). DBRS also assigned an “A” rating to NORD/LB’s deposits. In the rating scale used by DBRS, this score equates to "A2" from Moody‘s and "A" from Fitch. The short-term rating issued by DBRS was "R-1 (low)". All ratings have a positive outlook.

08.06.2018>NORD/LB finances its first solar farm portfolio in Denmark with long term debt of around € 40 million

For the first time, NORD/LB Norddeutsche Landesbank structured and financed a solar farm portfolio in Denmark for the Danish project developer European Energy A/S. The portfolio will benefit (for approx. 70% of its revenues) from a fixed feed in tariff under Germany's Renewable Energies Act (EEG 2017). The pilot-tender for 50 megawatts (MW) with Denmark marked the first cross-border tender process conducted by the Bundesnetzagentur for electricity from renewable energies in Europe.

07.06.2018>Thomas Bürkle to continue to head up NORD/LB until end of 2021

The Supervisory Board of NORD/LB Norddeutsche Landesbank took an early decision at its meeting today to renew the contract of the Chairman of the Managing Board Thomas Bürkle by two years, up to 31 December 2021.

30.05.2018>NORD/LB earns € 68 million in the first quarter

NORD/LB Norddeutsche Landesbank concluded the first quarter of 2018 with earnings before taxes of € 68 million. After taxes, profit stood at € 43 million. Last year the first-quarter result reflected extraordinary income in the securities business and totalled € 295 million before taxes and € 248 million after taxes.

08.05.2018>NORD/LB to finance 250 social homes in Ireland

NORD/LB Norddeutsche Landesbank is financing its first social infrastructure investment in Ireland with Oaklee Housing, one of Ireland’s leading Approved Housing Bodies (AHBs), through an innovative debt financing structure. The investment volume is € 50 million which will be utilised to finance a series of property acquisitions for social housing use in the Republic of Ireland in conjunction with Oaklee Housing.

24.04.2018>NORD/LB and Siemens Financial Services to finance wind farm in Italy

NORD/LB and Siemens Financial Services (SFS) have provided financing for the 39 MW Bosco Le Piane wind farm for Danish project developer European Energy A/S.

17.04.2018>NORD/LB returns to profit

NORD/LB Norddeutsche Landesbank concluded the financial year 2017 with earnings before taxes of € 195 million. Consolidated profit totalled € 135 million. In the financial year 2016, the Bank posted a loss before taxes of € 1.9 billion as a result of the marked intensification of the global shipping crisis.

13.04.2018>Olof Seidel appointed new CFO of NORD/LB

Olof Seidel will assume the positions of Chief Financial Officer (CFO) and Chief Operating Officer (COO) of NORD/LB. As General Representative, he will take on the role of head for Finance/Tax, Group IT and other areas. He will report directly to Thomas Bürkle, the Chairman of the Management Board of NORD/LB. The bank’s Supervisory Board indicated its approval of this appointment at its meeting today. At the same time, it declared its intention to appoint Seidel as a member of the Managing Board once the required banking supervision conditions have been met. Seidel will assume his new post on 1 May 2018 and take over the tasks of Ulrike Brouzi, who is moving to the Managing Board of DZ Bank.

05.04.2018>NORD/LB finances 300 MW natural gas power station in England

NORD/LB and the US global power generation firm InterGen are financing a 300-megawatt capacity natural gas-fired power station in Spalding, England. NORD/LB acted as Mandated Lead Arranger together with Santander UK plc. The investment volume is GBP 100 million.

13.12.2017>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.

05.12.2017>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.

29.09.2017>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.

13.09.2017>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.

30.08.2017>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.

14.08.2017>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.

29.06.2017>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.

31.05.2017>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.

30.05.2017>NORD/LB reports profit for first quarter

NORD/LB Norddeutsche Landesbank concluded the first quarter of 2017 with earnings before taxes of EUR 255 million. Consolidated profit stood at EUR 214 million. In the first quarter of the previous year, the Bank posted a pre-tax loss of EUR 107 million.

17.05.2017>NORD/LB places further tranche of Northvest transaction with investors

NORD/LB Norddeutsche Landesbank has placed a further tranche of its “Northvest” loan portfolio transaction with institutional investors. The Northvest platform enables institutional investors to invest directly in the bank’s credit-based business model. In March 2014, the bank placed a securitisation tranche of its loan portfolio with institutional investors for the first time.

06.04.2017>NORD/LB reports loss of € 1.9 billion for 2016

As announced in autumn 2016, NORD/LB Norddeutsche Landesbank closed the financial year 2016 with a significant loss. The consolidated loss was € 1,865 million before taxes and € 1,959 million after taxes. The loss was the result of a huge increase in the risk provisioning for ship financing, especially at subsidiary Bremer Landesbank (BLB). Overall the Group set aside € 2,940 million for ship financing risks in 2016, after € 840 million in the previous year. This was the Bank's reaction to the dramatic deterioration in the global shipping crisis over the course of 2016.

22.03.2017>NORD/LB presents an analysis of CeBIT partner Japan

NORD/LB Norddeutsche Landesbank has presented a study on the devel-opment of Japan, this year's partner country to CeBIT Hanover. According to the study, Japanese Prime Minister Shinzo Abe's Abenomics has once again made a success model of the Japanese economy and established a foundation for sustainable growth. In 2016, GDP (Gross Domestic Product) in Japan grew by 1.0 per cent, led by a strong domestic economy as well as increasingly strong exports. In 2017, the Japanese economy is expected to grow by 1.4 per cent.

07.03.2017>NORD/LB Research honoured for high forecasting accuracy

NORD/LB Norddeutsche Landesbank’s two Euroland analysts, Dr. Jens Kramer und Christian Lips, have taken first place in the Thomson Reuters/StarMine ranking for the accuracy of economic forecasts for the Eurozone. The Thomson Reuters news agency surveyed the forecasts made by over 60 financial institutions of key economic and financial indicators. Having already taken fifth place for their 2015 forecasts, the NORD/LB economists came out as best forecasters worldwide in the ranking for 2016. They were followed in second place by the analysts at the London-based financial institution Market Securities, with the analysts at BHF Bank coming in third.

17.02.2017>NORD/LB issues EUR 500 million covered bond

On Wednesday, NORD/LB Norddeutsche Landesbank issued a EUR 500 million covered bond under Luxembourg law (lettres de gage publiques). This is a transaction of NORD/LB Luxembourg S.A. Covered Bond Bank (NORD/LB CBB), a wholly-owned subsidiary of NORD/LB which is currently the only issuer of lettres de gage benchmark bonds. The issue has a term of four and a half years.

26.11.2015>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).

02.11.2015>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.

29.09.2015>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.

27.08.2015>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).

22.07.2015>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.

28.05.2015>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).

28.04.2015>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.

30.03.2015>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.

16.03.2015>NORD/LB finances wind farm in Italy for the first time

NORD/LB provides a non-recourse financing for BayWa r.e. renewable energy GmbH for the construction and operation of a wind farm in the southern Italian region of Basilikata. The wind farm will have a total installed capacity of 46.2 megawatts (MW) when completed, includes an overall investment volume of around EUR 80 million and is the first wind farm to be financed by NORD/LB in Italy.

13.03.2015>NORD/LB makes provisions for risks arising from Hypo Alpe Adria commitment

NORD/LB is currently probing the impacts of the moratorium on payments imposed by Austria's FMA financial supervisory authority in respect of liabilities of Heta Asset Resolu-tion AG (Heta) which is responsible for the liquidation of Hypo Alpe Adria Bank's assets. The moratorium is set for the period ending 31 May 2016 and applies to and for all of Heta's liabilities.

13.02.2015>NORD/LB issues Public Sector Pfandbrief (Öffentlichen Pfandbrief)

NORD/LB Norddeutsche Landesbank has issued a Public Sector Pfandbrief (Öffentlichen Pfandbrief) with a volume of € 500 million. The term of the issue is four years. Shortly after the order book was opened, it had been allocated and was closed again. After just 15 minutes, purchase orders had been received from institutional investors from eight nations with a volume of more than € 1 billion.

09.12.2013>Thomas S. Bürkle new Chief Risk Officer of NORD/LB

The Supervisory Board decided in its meeting on Monday to appoint Thomas S. Bürkle as the new Chief Risk Officer of NORD/LB. Mr. Bürkle is currently the Chairman of the Managing Board of Deutsche Hypothekenbank, a subsidiary of NORD/LB. He will take over from the outgoing Chief Risk Officer, Dr. Johannes-Jörg Riegler, on 1 January 2014.

29.08.2013>NORD/LB achieves earnings of EUR 96 million for the first half of the year

NORD/LB achieved earnings before taxes of EUR 96 million in the first half of 2013, while its consolidated profit totalled EUR 87 million. In the first six months of the previous year earnings before taxes totalled EUR 131 million and consolidated profit EUR 67 million.

02.08.2013>NORD/LB: Continued expansion of corporate banking business in Saxony-Anhalt

NORD/LB Landesbank for Saxony-Anhalt has further expanded its business with customers in the SME sector, and 2012 saw the bank's financing volume in corporate banking up by 3.4 percent to EUR 1,879 million (2011: EUR 1,817 million). The trend within the corporate customers segment was particularly positive in the sphere of agricultural banking, with business volume growth of 4.3 percent. Further focal spheres of NORD/LB's business activities in Saxony-Anhalt lie in the financing of residential housing, the arranging of capital market products for SMEs and involvement in major projects in the fields of renewable energies and public infrastructure.

26.07.2013>NORD/LB and HSH Nordbank finance French wind farm portfolio

NORD/LB Norddeutsche Landesbank and HSH Nordbank are providing project financing for a portfolio of four wind farms with a total capacity of 72 Megawatts (MW) located in the Nord-Pas-de-Calais and Picardie regions in northern France.

26.06.2013>Caplantic: New service provider for investments in alternative assets

Caplantic Alternative Assets GmbH is a newly established company offering services for the management of alternative assets. This range of services includes the structuring, servicing and risk management of alternative investment products, with the focus on asset categories such as aircraft, renewable energies, real estate and infrastructure projects.

30.05.2013>NORD/LB: Shipping crisis affects earnings in first quarter

NORD/LB closed the first quarter of 2013 with a consolidated profit before taxes and reorganisation expenses of minus 30 million euros. The quarterly result was strongly affected by the significant increase in expenses for loan loss provisions in the amount of € 241 million, which were made primarily for ship financing. Consolidated profit after taxes totalled minus 32 million euros. In the first quarter of 2012 the bank had achieved a consolidated profit after taxes of 118 million euros.

27.05.2013>NORD/LB with further expansion of agricultural banking business

The growth trend in agricultural banking business at NORD/LB is continuing at a healthy pace. Fiscal 2012 saw the bank's Agricultural Banking division register total lendings more than 10 percent up on the previous year's figures – thus consolidating the positioning of NORD/LB as Germany's leading finance provider in the agricultural sector.

22.04.2013>Solid result for NORD/LB despite shipping crisis

NORD/LB closed the financial year 2012 with a consolidated profit before taxes and reorganisation expenses of EUR 129 million, while its consolidated profit after taxes totalled EUR 80 million.

01.02.2013>NORD/LB arranges purely US dollar-denominated Floating Rate Assignable Loan for the first time

NORD/LB and HSBC have cooperated on arranging a Floating Rate Assignable Loan (German „Schuldscheindarlehen“) denominated solely in US dollars in the amount of USD 70 million in all for the Neumann Coffee Group, headquartered in Hamburg and the world's leading service provider in the sphere of green coffee.

10.12.2012>Dr. Johannes-Jörg Riegler appointed Deputy Chairman of the NORD/LB Managing Board

At its meeting today, Monday, 10 December 2012, the Supervisory Board of NORD/LB appointed Dr. Johannes-Jörg Riegler (48) as Deputy Chairman of the bank’s Managing Board.

03.10.2012>Statement regarding EU Capital Exercise

NORD/LB notes the announcements made today by the European Banking Authority and Bundesanstalt für Finanzdienstleistungsaufsicht regarding the final assessment of the capital exercise and fulfilment of the EBA December 2011 Recommendation, which shows the following result for NORD/LB.

21.09.2012>NORD/LB with further expansion of its activities in North Rhine-Westphalia

NORD/LB is expanding its activities in the federal German state of North Rhine-Westphalia. Thursday last week saw the official opening of the enlarged NORD/LB branch office premises situated on Düsseldorf's renowned Königsallee boulevard; this took place within the framework of a customer event attended by some 50 guests representing companies from all sectors of industry who made use of the occasion for personal on-the-spot talks.

29.08.2012>NORD/LB achieves earnings of EUR 131 million for the first half of the year

NORD/LB achieved earnings before taxes of EUR 131 million in the first half of 2012. Consolidated profit totalled EUR 67 million. In the first six months of 2011 earnings before taxes totalled EUR 273 million and consolidated profit EUR 199 million.

28.08.2012>NORD/LB places structured credit product

A premiere for NORD/LB is its launch of Blue Rock as an innovative credit product referencing Infrastructure asset class and sold to an institutional client. Within the framework of the transaction a mezzanine tranche from a high-grade loan portfolio of 20 British infrastructure projects originated and financed by NORD/LB has been placed.

25.07.2012>EU approves capital-boosting measures of NORD/LB

The EU Commission has as expected today approved the capital-boosting measures of NORD/LB. “This is final confirmation that NORD/LB meets the increased capital requirements of the EU in full and on time,” explains the Chairman of the Managing Board of NORD/LB, Dr. Gunter Dunkel.

10.07.2012>NORD/LB issues the world´s first Aircraft Pfandbrief

NORD/LB Norddeutsche Landesbank issued the world’s first Aircraft Pfandbrief today. The Pfandbrief has a volume of 500 million Euros, five-year maturity and the spread was fixed with 55 basis points over mid-swap.

05.07.2012>Lower Saxony's Prime Minister David McAllister and Dr. Gunter Dunkel: "NORD/LB can continue its successful development"

Joint press release of NORD/LB and Lower Saxony state government

02.07.2012>NORD/LB meets EU capital requirements

Core tier 1 capital to be increased by a further EUR 1.25 billion

14.06.2012>NORD/LB with further expansion of business with corporate customers in Saxony-Anhalt

NORD/LB Landesbank for Saxony-Anhalt has made a successful start into 2012, further expanding its business with corporate customers in the first quarter of the year. Growth in this sphere was above average, especially in the area of residential housing. Further key business activities of NORD/LB lie in agricultural banking and the financing of projects in the fields of renewable energies and public infrastructure.

31.05.2012>NORD/LB achieves good earnings in 1st quarter

NORD/LB achieved consolidated earnings before taxes of EUR 189 million in the first three months of the financial year 2012. In the first quarter of 2011 its earnings totalled EUR 125 million. Consolidated earnings after taxes rose to EUR 118 million (previous year's figure: EUR 76 million).

04.05.2012>NORD/LB establishes cultural foundation

NORD/LB Norddeutsche Landesbank is going to establish a cultural founda-tion headquartered in Hanover, Germany, that will bundle and intensify its funding of art and culture during the course of the year. In order to fund the foundation, the bank will part from the sculpture “Tulips” by Jeff Koons. The sculpture is planned to be sold at an international auction this autumn.

19.04.2012>NORD/LB with significant profit growth in 2011

NORD/LB has registered significant profit growth in fiscal 2011, with a consolidated after-tax figure of EUR 536 million as against the previous year's level of EUR 314 million. The Bank's earnings before taxes rose to EUR 730 (2010: 319) million.

12.03.2012>NORD/LB finances offshore wind farm installation vessel

NORD/LB is participating in the financing of an installation vessel for offshore wind energy farms. Commissioned by the international provider of construction-related services HOCHTIEF, the "VIDAR" is a jack-up vessel being built at the Crist shipyard in Poland and scheduled to go into service from 2013 onwards.

01.02.2012>NORD/LB finances the "Turnow II" solar park in Brandenburg

NORD/LB has taken over the project financing for the "Turnow II" solar park in the municipality of Turnow-Preilack near Cottbus in the federal state of Brandenburg. This follows the bank's co-financing in 2009 already of the directly adjacent "Turnow I" solar park on the former "Lieberoser Heide" military exercise area.


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