NORD/LB a global leader in renewable energies
- New ranking: NORD/LB number 4 worldwide
- 41 transactions in 2015 with a total financing volume of USD 1.9 billion
NORD/LB Norddeutsche Landesbank figures among the world's leading institutions in the financing of renewable energies. A new ranking by the internationally prestigious trade publication IJ Global – Project Finance & Infrastructure Journal puts NORD/LB in fourth place worldwide in the "Mandated Lead Arranger Renewables" category. The first three places are taken by Spain's Banco Santander followed by Japan's Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group. The top 10 of the ranking only includes one other German bank besides NORD/LB, namely Deutsche Bank in 6th place.
2015 saw NORD/LB take the role of mandated lead arranger (MLA) in 41 transactions with a total financing volume of USD 1.9 billion. The term MLA refers to those banks with lead responsibility for structuring and arranging the syndicated financing of a project.
NORD/LB has been active in the sphere of renewable energies financing since as far back as the early 1990s, already taking a pioneering and leading role very early on. As the bank already announced in 2015, the financing volume in the field of renewable energies has grown by around 27 percent to EUR 8.2 billion within the last three years. At 73.5 percent, wind energy accounts for the majority of the financing operations, with solar energy accounting for a further 15.5 percent.
With total assets of EUR 190 billion, NORD/LB is among Germany's leading commercial banks. Its core business fields include structured financing in the energy and infrastructure sectors, ship and aircraft financing, corporate banking, commercial real estate financing, capital market business and the servicing of private and corporate customers. The bank is headquartered in Hanover, Braunschweig and Magdeburg, with branch operations in Düsseldorf, Munich, Hamburg, Schwerin and Stuttgart. NORD/LB is represented outside of Germany by a subsidiary in Luxembourg and branches in London, New York, Singapore and Shanghai.
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