256:
134:
38:
417:– submitted bids for a stake in the bank and a 3.5 billion euro ($ 3.98 billion) capital injection. Eventually, Cerberus and Centerbrigde submitted a joint offer, suggesting to each acquire a 24.9 per cent stake. Helaba ended up not handing in a final offer and was therefore no longer part of the formal auction process, but talks between NORD/LB and Helaba stakeholders continued throughout the bidding process on whether a public-sector solution could be found.
619:
151:
435:− provided another 1.5 billion euros in cash plus an unspecified amount of non-cash balance sheet support needed to close a 3.5 billion euros equity shortfall at the bank. The state of Saxony-Anhalt agreed to contribute 198 million euros. In addition, Lower Saxony guaranteed some loans which brought NORD/LB further capital relief of 800 million euros.
389:(PBB) were expected to hand in final offers for Deutsche Hypo, with the bids valuing the bank at more than 0.7 times its book value of about 700 million euros. That year, the bank turned a small profit. In January 2018, NORD/LB decided not to sell after all. Instead, it sold the majority of its asset management arm to
362:
By 2016, however, NORD/LB still saw a record loss of 1.96 billion euros ($ 2.1 billion), caused by 2.94 billion euros in provisions for bad shipping loans. As a result, it took full control of its loss-making Bremer
Landesbank (BLB) unit, which suffered particularly from a weak shipping market that
327:, NORD/LB, like many German banks, pushed into lending to companies transporting the world's burgeoning trade in goods and raw materials, propelling Germany to the top spot in ship lending worldwide. Following the crisis, it joined peers such as
310:
In 1992, a new state treaty between the federal states of Lower Saxony, Saxony-Anhalt and
Mecklenburg Western-Pomerania was signed so that NORD/LB; NORD/LB became the first landesbank owned by three German federal states.
1301:
597:(1995-2004), from the “Celebration” series for 33.7 million dollars. The bank announced to use the proceeds to set up a foundation to promote contemporary art and cultural projects in northern Germany.
574:, among others. Employees can use the works to decorate the buildings, and they are displayed within the bank's own exhibition program. In 1999 it was able to open the exhibition space of its own.
585:(1910), a painting the bank had bought in 1983, to the descendant of a Jewish shoe-manufacturing family persecuted by the Nazis; the bank had loaned the painting long-term to the
1094:
1040:
932:
1112:
1058:
1147:
1237:
1204:
1022:
914:
950:
968:
1291:
896:
986:
860:
1281:
428:
366:
Between 2016 and 2017, NORD/LB engaged in – ultimately unsuccessful – negotiations on selling a $ 1.5 billion portfolio of shipping loans to
514:
438:
In recent years, NORD/LB has developed a range of partners to bundle loan portfolios and place them with investors, working with insurers
606:
On March 10, 2004, NORD/LB received a letter from the China
Banking Regulatory Commission, approving the opening of a branch in Shanghai.
1276:
255:
1296:
324:
546:
in an international context. The collection today comprises about 3,000 artworks, still with an emphasis on postwar art, including
350:. Similar to other public lenders, it opted for additional support from its regional state owners instead of drawing on help from
713:
692:
1165:
431:(DSGV) provided about 1.2 billion euros in fresh equity. Lower Saxony's state government – then led by Minister-President
1208:
279:. Under the current name, the bank started its business on 1 July 1970. The main areas of specialization of NORD/LB are
240:
406:
381:
with advising it on options for its restructuring, including the sale of
Deutsche Hypothekenbank. By the end of 2017,
450:
and
Bavarian pension fund Bayerische Versorgungskammer (BVK). Its lending business runs on a joint IT platform with
421:
1130:
1183:
398:
806:
378:
475:
386:
367:
48:
878:
824:
752:
390:
312:
339:
in taking large writedowns and boosting capital buffers against the risk of shipping loans turning sour.
284:
402:
371:
244:
842:
734:
1286:
520:
394:
264:
92:
307:(since 1991). Today, NORD/LB is Germany's largest bank for national and international bond issues.
233:
133:
1076:
1004:
770:
674:
656:
374:. By late 2016, it still had about 8 billion euros in non-performing shipping loans in its books.
280:
116:
571:
788:
37:
1190:
637:
288:
209:
104:
542:
In 1985 NORD/LB started to build up an art collection with the aim of representing post-1945
567:
99:
693:"The list of significant supervised entities and the list of less significant institutions"
427:
Under a last-minute 3.6 billion euros rescue plan for NORD/LB presented in early 2019, the
1080:
1008:
774:
678:
660:
586:
555:
292:
295:. NORD/LB maintains branch offices in all major financial and trading centers, including
1169:
864:
547:
531:
447:
239:
NORD/LB has been designated as a
Significant Institution since the entry into force of
424:'s EU-wide stress tests. It also incurred a record loss of more than 2 billion euros.
1270:
304:
217:
1151:
624:
551:
432:
328:
225:
213:
410:
382:
332:
614:
590:
578:
563:
559:
543:
443:
197:
124:
1252:
1239:
420:
Meanwhile, in
October 2018, NORD/LB scored worst among German lenders in the
300:
229:
879:
German lender NordLB prepares unit sale to repair balance sheet - sources
753:
German lender NordLB prepares unit sale to repair balance sheet - sources
451:
343:
1134:
1116:
1098:
1062:
1059:
NordLB 2018 annual loss to be less than 2.7 bln euro estimate - sources
1044:
1026:
990:
972:
969:
Credit manager emerges as bidder for stake in
Germany's NordLB -sources
954:
936:
918:
900:
882:
846:
828:
810:
792:
756:
738:
462:
NORD/LB holds shares in various subsidiaries, including the following:
347:
260:
221:
205:
80:
76:
58:
17:
1023:
NordLB in talks to sell ship loans to
Cerberus, stake in bank: sources
1095:
NordLB to refrain from ships financing business in the future: source
632:
439:
414:
351:
296:
1041:
NordLB to shed ship loans early in balance sheet clean-up -sources
1039:
Jonathan Saul, Arno
Schuetze and Maiya Keidan (November 9, 2018),
915:
Germany's NordLB targets new capital plan by end of 2018: chairman
895:
Arno Schuetze, Klaus Lauer and Jonathan Saul (November 29, 2017),
841:
Arno Schuetze, Alexander Hübner and Jonathan Saul (July 3, 2017),
254:
143:
933:
NordLB drops plans to sell Deutsche Hypo property lender - source
243:
in late 2014, and as a consequence is directly supervised by the
861:
HSH Said to Confirm Outlook as Talks With Potential Buyers Start
789:
NordLB sufficiently capitalised to swallow record 2016 loss -CEO
201:
1229:
1077:
Lower Saxony backs German savings banks’ rescue plan for NordLB
1166:
NordLB Returns Franz Marc’s Cat Painting to Jewish Family Heir
1131:
German landesbanks relieve merger pressure through cooperation
336:
951:
NordLB sells majority of asset management arm to Warburg Bank
825:
NordLB to sell $ 1.5 bln worth of shipping loans to KKR, fund
1302:
Banks under direct supervision of the European Central Bank
985:
Caroline Copley and Hans Seidenstuecker (January 3, 2019),
1224:
1113:
EU signals initial approval of NordLB rescue plan: sources
987:
Germany's NordLB, Helaba end merger talks: Boersen-Zeitung
530:
Between 1973 and 2010, NORD/LB held a 25 percent share in
967:
Arno Schuetze and Hans Seidenstücker (October 25, 2018),
675:
Germany’s Landesbanken still seeking clean bill of health
657:
Germany’s Landesbanken still seeking clean bill of health
490:
LBS Norddeutsche Landesbausparkasse Berlin-Hannover (44%)
180:
1005:
Cerberus and Centerbridge seek minority stake in NordLB
931:
Klaus Lauer and Hans Seidenstuecker (January 5, 2018),
1111:
Klaus Lauer and Michael Nienaber (November 11, 2019),
735:
NordLB sees Q1 profit jump as shipping, hedges perform
807:
NordLB to take full control of Bremer Landesbank unit
1021:Arno Schuetze and Klaus Lauer (December 18, 2018),
208:. It is a public corporation majority-owned by the
176:
162:
141:
122:
112:
86:
72:
64:
54:
44:
496:NORD/LB Vermögensmanagement Luxembourg S.A (100%)
843:NordLB drops plans to sell shipping loans to KKR
493:NORD/LB Luxembourg S.A. Covered Bond Bank (100%)
897:Three rivals vie to buy Germany's HSH Nordbank
8:
487:Norddeutsche Facility Management GmbH (100%)
354:, the federal government's bail-out scheme.
342:In 2010, NORD/LB sold its minority share in
30:
499:Öffentliche Versicherung Braunschweig (75%)
393:Also, several banks and investment firms –
132:
29:
859:Nicholas Brautlecht (November 28, 2016),
1148:NordLB verkauft Anteil an Berenberg Bank
648:
589:in Hanover. In 2012, the bank sold its
409:, Christofferson, Robb & Company,
502:Öffentliche Versicherung Bremen (20%)
429:Deutscher Sparkassen- und Giroverband
236:hold a minority stake of 35 percent.
7:
1164:Catherine Hickley (March 23, 2009),
769:Daniel Schäfer (November 30, 2008),
515:International Neuroscience Institute
190:Norddeutsche Landesbank Girozentrale
31:Norddeutsche Landesbank Girozentrale
1292:1970 establishments in West Germany
1205:"中国银行业监督管理委员会关于批准德国北德意志州银行设立上海分行的函"
1182:Julia Michalska (October 9, 2012),
805:Maria Sheahan (September 1, 2016),
315:sold its stake in NORD/LB in 2005.
275:NORD/LB was established in 1765 as
1075:Olaf Storbeck (February 1, 2019),
1003:Olaf Storbeck (January 26, 2019),
949:Arno Schuetze (February 1, 2018),
787:Alexander Hübner (April 6, 2017),
673:Olaf Storbeck (November 2, 2018),
655:Olaf Storbeck (November 2, 2018),
363:was chipping away at its capital.
291:, ship and aircraft financing and
200:and one of the largest commercial
25:
1129:Andreas Kröner (March 22, 2015),
823:Maria Sheahan (August 22, 2016),
508:Toto-Lotto Niedersachsen (49.85%)
466:Braunschweigische Landessparkasse
617:
150:
149:
36:
1282:Companies based in Braunschweig
877:Arno Schuetze (July 12, 2017),
771:BayernLB set for €10bn bail-out
751:Arno Schuetze (July 12, 2017),
521:Porzellanmanufaktur Fürstenberg
484:NORD/LB Asset Management (100%)
130:85,116,142.95 Euro (2017)
733:Thomas Atkins (May 28, 2015),
511:Bremer Toto und Lotto (33.33%)
335:, Deutsche Hypothekenbank and
1:
1093:Klaus Lauer (April 2, 2019),
1057:Klaus Lauer (April 1, 2019),
913:Klaus Lauer (July 14, 2018),
714:"List of supervised entities"
377:In 2016, NORD/LB also tasked
325:financial crisis of 2007–2008
319:Financial crisis of 2007-2010
313:Mecklenburg-Western Pomerania
1184:German bank to sell Koons's
277:Braunschweigische Staatsbank
241:European Banking Supervision
407:Cerberus Capital Management
1318:
1277:Companies based in Hanover
577:In 2009, NORD/LB returned
481:KreditServices Nord (100%)
422:European Banking Authority
1297:Banks established in 1970
379:N M Rothschild & Sons
35:
469:Bremer Landesbank (100%)
399:Apollo Global Management
220:with its head office in
476:Deutsche Hypothekenbank
391:M. M. Warburg & Co.
387:Deutsche Pfandbriefbank
259:NORD/LB head office in
526:LHI Leasing GmbH (49%)
267:
49:Public-law institution
721:European Central Bank
700:European Central Bank
403:Centerbridge Partners
372:sovereign wealth fund
258:
245:European Central Bank
1253:52.36750°N 9.74139°E
472:Caplantic GmbH (45%)
395:Advent International
265:Behnisch Architekten
1249: /
1155:, February 2, 2010.
702:. 4 September 2014.
346: to Norwegian
285:real estate banking
283:, agricultural and
164:Number of employees
32:
505:Nord Holding (15%)
281:investment banking
268:
117:Financial services
1258:52.36750; 9.74139
1191:The Art Newspaper
723:. 1 January 2023.
638:2010 Nord LB Open
583:Cat Behind a Tree
303:(since 2004) and
289:corporate finance
186:
185:
108:
105:Supervisory Board
103:(Chairman of the
97:
16:(Redirected from
1309:
1264:
1263:
1261:
1260:
1259:
1254:
1250:
1247:
1246:
1245:
1242:
1230:NORD/LB New York
1225:Official website
1213:
1212:
1207:. Archived from
1201:
1195:
1180:
1174:
1162:
1156:
1145:
1139:
1127:
1121:
1109:
1103:
1091:
1085:
1073:
1067:
1055:
1049:
1037:
1031:
1019:
1013:
1001:
995:
983:
977:
965:
959:
947:
941:
929:
923:
911:
905:
893:
887:
875:
869:
857:
851:
839:
833:
821:
815:
803:
797:
785:
779:
767:
761:
749:
743:
731:
725:
724:
718:
710:
704:
703:
697:
689:
683:
671:
665:
653:
627:
622:
621:
620:
568:Jannis Kounellis
224:and branches in
153:
152:
146:
137:
136:
102:
100:Reinhold Hilbers
95:
40:
33:
21:
1317:
1316:
1312:
1311:
1310:
1308:
1307:
1306:
1267:
1266:
1257:
1255:
1251:
1248:
1243:
1240:
1238:
1236:
1235:
1221:
1216:
1203:
1202:
1198:
1181:
1177:
1163:
1159:
1146:
1142:
1128:
1124:
1110:
1106:
1092:
1088:
1081:Financial Times
1074:
1070:
1056:
1052:
1038:
1034:
1020:
1016:
1009:Financial Times
1002:
998:
984:
980:
966:
962:
948:
944:
930:
926:
912:
908:
894:
890:
876:
872:
858:
854:
840:
836:
822:
818:
804:
800:
786:
782:
775:Financial Times
768:
764:
750:
746:
732:
728:
716:
712:
711:
707:
695:
691:
690:
686:
679:Financial Times
672:
668:
661:Financial Times
654:
650:
646:
623:
618:
616:
613:
603:
587:Sprengel Museum
572:Jörg Immendorff
556:Gerhard Richter
540:
460:
360:
321:
293:private banking
273:
253:
165:
154:€ 160 billion (
142:
131:
127:
98:
93:Jörg Frischholz
89:
28:
23:
22:
15:
12:
11:
5:
1315:
1313:
1305:
1304:
1299:
1294:
1289:
1284:
1279:
1269:
1268:
1233:
1232:
1227:
1220:
1219:External links
1217:
1215:
1214:
1211:on 2014-04-15.
1196:
1175:
1157:
1140:
1122:
1104:
1086:
1068:
1050:
1032:
1014:
996:
978:
960:
942:
924:
906:
888:
870:
865:Bloomberg News
852:
834:
816:
798:
780:
762:
744:
726:
705:
684:
666:
647:
645:
642:
641:
640:
635:
629:
628:
612:
609:
608:
607:
602:
599:
548:Georg Baselitz
539:
538:Art collection
536:
532:Berenberg Bank
528:
527:
524:
518:
512:
509:
506:
503:
500:
497:
494:
491:
488:
485:
482:
479:
473:
470:
467:
459:
456:
448:Bankhaus Lampe
359:
356:
320:
317:
299:(since 1985),
272:
269:
252:
249:
210:federal states
196:) is a German
184:
183:
181:www.nordlb.com
178:
174:
173:
166:
163:
160:
159:
147:
139:
138:
128:
123:
120:
119:
114:
110:
109:
90:
87:
84:
83:
74:
70:
69:
66:
62:
61:
56:
52:
51:
46:
42:
41:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1314:
1303:
1300:
1298:
1295:
1293:
1290:
1288:
1285:
1283:
1280:
1278:
1275:
1274:
1272:
1265:
1262:
1231:
1228:
1226:
1223:
1222:
1218:
1210:
1206:
1200:
1197:
1193:
1192:
1188:
1187:
1179:
1176:
1172:
1171:
1167:
1161:
1158:
1154:
1153:
1149:
1144:
1141:
1137:
1136:
1132:
1126:
1123:
1119:
1118:
1114:
1108:
1105:
1101:
1100:
1096:
1090:
1087:
1083:
1082:
1078:
1072:
1069:
1065:
1064:
1060:
1054:
1051:
1047:
1046:
1042:
1036:
1033:
1029:
1028:
1024:
1018:
1015:
1011:
1010:
1006:
1000:
997:
993:
992:
988:
982:
979:
975:
974:
970:
964:
961:
957:
956:
952:
946:
943:
939:
938:
934:
928:
925:
921:
920:
916:
910:
907:
903:
902:
898:
892:
889:
885:
884:
880:
874:
871:
867:
866:
862:
856:
853:
849:
848:
844:
838:
835:
831:
830:
826:
820:
817:
813:
812:
808:
802:
799:
795:
794:
790:
784:
781:
777:
776:
772:
766:
763:
759:
758:
754:
748:
745:
741:
740:
736:
730:
727:
722:
715:
709:
706:
701:
694:
688:
685:
681:
680:
676:
670:
667:
663:
662:
658:
652:
649:
643:
639:
636:
634:
631:
630:
626:
615:
610:
605:
604:
600:
598:
596:
592:
588:
584:
580:
575:
573:
569:
565:
561:
557:
553:
549:
545:
537:
535:
533:
525:
522:
519:
516:
513:
510:
507:
504:
501:
498:
495:
492:
489:
486:
483:
480:
477:
474:
471:
468:
465:
464:
463:
457:
455:
453:
449:
445:
441:
436:
434:
430:
425:
423:
418:
416:
412:
408:
404:
400:
396:
392:
388:
384:
380:
375:
373:
369:
364:
358:Restructuring
357:
355:
353:
349:
345:
340:
338:
334:
330:
326:
318:
316:
314:
308:
306:
305:New York City
302:
298:
294:
290:
286:
282:
278:
270:
266:
262:
257:
250:
248:
246:
242:
237:
235:
231:
227:
223:
219:
218:Saxony-Anhalt
215:
211:
207:
203:
199:
195:
192:(abbreviated
191:
182:
179:
175:
171:
167:
161:
157:
148:
145:
140:
135:
129:
126:
121:
118:
115:
111:
106:
101:
94:
91:
85:
82:
78:
75:
71:
67:
63:
60:
57:
53:
50:
47:
43:
39:
34:
19:
1234:
1209:the original
1199:
1189:
1185:
1178:
1168:
1160:
1152:Handelsblatt
1150:
1143:
1133:
1125:
1115:
1107:
1097:
1089:
1079:
1071:
1061:
1053:
1043:
1035:
1025:
1017:
1007:
999:
989:
981:
971:
963:
953:
945:
935:
927:
917:
909:
899:
891:
881:
873:
863:
855:
845:
837:
827:
819:
809:
801:
791:
783:
773:
765:
755:
747:
737:
729:
720:
708:
699:
687:
677:
669:
659:
651:
625:Banks portal
594:
582:
576:
552:Joseph Beuys
541:
529:
461:
437:
433:Stephan Weil
426:
419:
376:
365:
361:
341:
329:HSH Nordbank
322:
309:
276:
274:
263:designed by
238:
226:Braunschweig
214:Lower Saxony
193:
189:
187:
169:
155:
144:Total assets
73:Headquarters
68:July 1, 1970
45:Company type
1287:Landesbanks
1256: /
593:sculpture,
411:Commerzbank
383:Aareal Bank
333:Commerzbank
323:Before the
232:. Regional
27:German bank
1271:Categories
644:References
591:Jeff Koons
579:Franz Marc
564:Jeff Koons
560:Sol LeWitt
544:modern art
444:ERGO Group
368:KKR Credit
271:Beginnings
234:Sparkassen
198:Landesbank
125:Net income
88:Key people
1244:9°44′29″E
1241:52°22′3″N
1170:Bloomberg
301:Singapore
230:Magdeburg
611:See also
601:In China
517:(22.67%)
452:BayernLB
344:DnB NORD
113:Products
55:Industry
1135:Reuters
1117:Reuters
1099:Reuters
1063:Reuters
1045:Reuters
1027:Reuters
991:Reuters
973:Reuters
955:Reuters
937:Reuters
919:Reuters
901:Reuters
883:Reuters
847:Reuters
829:Reuters
811:Reuters
793:Reuters
757:Reuters
739:Reuters
348:DNB ASA
261:Hanover
251:History
222:Hanover
206:Germany
194:NORD/LB
177:Website
168:6,453 (
81:Germany
77:Hanover
65:Founded
59:Banking
18:NORD/LB
1186:Tulips
633:Rollei
595:Tulips
478:(100%)
458:Assets
440:Talanx
415:Helaba
370:and a
352:SoFFin
297:London
717:(PDF)
696:(PDF)
523:(98%)
202:banks
96:(CEO)
570:and
442:and
413:and
385:and
228:and
216:and
188:The
170:2017
156:2018
581:'s
337:KfW
212:of
204:in
1273::
719:.
698:.
566:,
562:,
558:,
554:,
550:,
534:.
454:.
446:,
405:,
401:,
397:,
331:,
287:,
247:.
79:,
1194:.
1173:.
1138:.
1120:.
1102:.
1084:.
1066:.
1048:.
1030:.
1012:.
994:.
976:.
958:.
940:.
922:.
904:.
886:.
868:.
850:.
832:.
814:.
796:.
778:.
760:.
742:.
682:.
664:.
172:)
158:)
107:)
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
