July 26, 2017 6:00 AM ET


Company Overview of Norddeutsche Landesbank Girozentrale

Company Overview

Norddeutsche Landesbank Girozentrale provides financial services to private, corporate, institutional, and public sector clients in Germany and internationally. Its Private and Commercial Customers segment offers banking services and products, such as account and lending, and savings and investment services; Internet banking and direct brokerage services; and asset structure analysis, financial planning, asset succession and inheritance, and foundation management advisory services, as well as investment loans and start-up advisory services. The company’s Corporate Customers segment provides transaction management, corporate financing, interest and currency risk management, and company pensio...

Friedrichswall 10

Hanover,  30159


Founded in 1765

6,427 Employees


49 511 361 0


49 511 361 2502

Key Executives for Norddeutsche Landesbank Girozentrale

Chairman of the Managing Board and Chief Executive Officer
Age: 64
Chief Financial Officer, Chief Operating Officer and Member of the Managing Board
Age: 52
Chief Risk Officer and Member of the Managing Board
Age: 50
Executive Vice President
Head of Corporate Customer Business and Executive Vice President
Compensation as of Fiscal Year 2017.

Norddeutsche Landesbank Girozentrale Key Developments

Majority Owners Of HSH Reportedly Explores Merger With Norddeutsche Landesbank

Hamburg (City - State of) and Schleswig-Holstein are reportedly considering a potential merger with Norddeutsche Landesbank Girozentrale as a fallback option in the HSH Nordbank's privatization, the deadline for which is February 2018. The states of Schleswig-Holstein and Hamburg, majority owners of HSH Nordbank AG, are looking at a potential merger of the German lender with Norddeutsche Landesbank Girozentrale as a contingency plan in the privatization process of HSH, Wirtschaftswoche reported July 6, citing state government and banking sources. The responsible parties are checking whether such participation in the bad bank is legally possible, insiders told Wirtschaftswoche. The German finance ministry and the banking regulator are also involved in the talks.

Norddeutsche Landesbank Girozentrale Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Norddeutsche Landesbank Girozentrale announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported interest income from assets of EUR 1,735 million compared with EUR 1,931 million a year ago. Net interest income of EUR 406 million against EUR 459 million a year ago. Earnings before reorganisation and taxes was EUR 258 million against loss of EUR 100 million a year ago. Earnings before taxes was EUR 255 million against loss of EUR 107 million a year ago. Consolidate profit attributable to the owners of the company was EUR 213 million against loss of EUR 75 million a year ago. Cash inflow from operating activities was EUR 746 million against cash out flow from operating activities of EUR 579 million a year ago.

Norddeutsche Landesbank Girozentrale, Q1 2017 Earnings Call, May 30, 2017

Norddeutsche Landesbank Girozentrale, Q1 2017 Earnings Call, May 30, 2017

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