August 29, 2016 7:53 PM ET

Banks

Company Overview of Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale

Company Overview

Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale provides various banking products and services to private, corporate, public sector, and institutional customers in Germany. The company operates through five segments: Corporate Customers, Private Customers, Special Finance, Ship Finance, and Financial Markets. It offers private banking services, including consultation services; and saving and investing, loans and financing, property and housing, provisions and security, accounts, cards, and online banking services, as well as transaction business services. The company also provides asset management, corporate insurance, corporate finance, factoring, financing, funding, property managem...

Domshof 26

Bremen,  28195

Germany

Founded in 1983

1,100 Employees

Phone:

49 421 332 0

Fax:

49 421 332 2322

Key Executives for Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale

Chairman of Management Board
Age: 60
Deputy Chairman of Management Board, Executive Vice President and General Manager
Executive Vice President and General Manager
Member of Management Board
Member of Management Board
Compensation as of Fiscal Year 2016.

Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale Key Developments

NordLB Eyes Full Control Of Bremer

Norddeutsche Landesbank Girozentrale aims to take full control of Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale after European Central Bank asked to shore up its capital against bad shipping loans, sources familiar with the matter said. NordLB and Bremer are declined to comment.

Bremer Landesbank Provides Earnings Guidance for the Year Ending December 31, 2016

Bremer Landesbank provided earnings guidance for the year ending December 31, 2016. The company currently estimates that the need for unanticipated high value adjustments will, in its consolidated financial statements according to IFRS as of December 31, 2016, likely result in an annual loss in the amount of a mid three-digit million figure. Bremer Landesbank currently has, as shown in its individual annual accounts as of 31 December 2015, capital and profit reserves, which count as equity, in the amount of in total EUR 1.078 billion, and a fund for general banking risks pursuant to - 340g HGB in the amount of EUR 589 million, both of which would, as of now, be available to absorb the expected annual loss. Measures to strengthen Bremer Landesbank's equity have been initiated.

Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale, 2015 Earnings Call, Apr 19, 2016

Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale, 2015 Earnings Call, Apr 19, 2016

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Recent Private Companies Transactions

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