Norddeutsche Landesbank

The North German Landesbank Girozentrale ( Nord / LB) is a credit institution (bank ) in the legal form of a common law institution under public law, the German states of Lower Saxony and Saxony- Anhalt. Nord / LB Landesbank Girozentrale and at the same time for the savings banks in Lower Saxony, Saxony -Anhalt and Mecklenburg- Vorpommern. The Bank has its headquarters in the cities of Hanover, Braunschweig and Magdeburg; in all three cities she has administrative building. The administration building was opened in 2002 in Hanover; it is a steel high rise with a marked offset blocks ( see photo).

History

Nord / LB was in 1970 through the merger of the formerly independent financial institutions in Lower Saxony Landesbank Girozentrale, Brunswick State Bank, including Brunswick Landessparkasse, Hannovarian Loan and Lower Saxony Apartment Kreditanstalt city shank. The bank is the universal successor of these institutions. Nord / LB is not the legal successor of the former Central German Landesbank - Girozentrale for the province of Saxony, Thuringia and Anhalt ( Magdeburg-based ).

The history of the predecessor institutions dating back to 1765. This year, Duke Charles I of Brunswick founded the ducal Leyhaus in Braunschweig. The Hanoverian Landeskreditanstalt was established in 1840 to finance mainly agricultural holdings. 1918, the city shank for the Province of Hanover was founded as an institution for the provision of loans for the urban housing.

In the old Duchy of Brunswick ( parts of Wolfsburg, Braunschweig, Helmstedt, Wolfenbüttel, Salzgitter, Seesen up to Holzminden ) takes the " Brunswick Landessparkasse " as an institution within the institution Nord / LB and the savings function true.

In the wake of German reunification, the Bank became the Landesbank Girozentrale and the states of Saxony -Anhalt and Mecklenburg- Vorpommern. The state of Mecklenburg -Western Pomerania withdrew from the sponsorship of the Nord / LB on July 19, 2005. Since leaving the Nord / LB practices in this country no longer Landesbank function. The former headquarters of the Bank in Schwerin has since only the status of a branch.

Nord / LB has offices in New York, Singapore, Shanghai and London, and subsidiaries in Luxembourg. The Central and Eastern European business with the daughters Nord / LB Polska (Poland), " Nord / LB Lietuva " in Lithuania and Nord / LB Latvija (Latvia ) was introduced into a joint venture with the Norwegian bank DnB NOR. The newly founded Institute named DnB Nord A / S was established in January 2006 to its business operations. End of 2010, the Nord / LB has sold its stake in DnB Nord to the Norwegian majority shareholder DnB Nor.

On 23 March 2007 it was announced convert Braunschweigische Landessparkasse in a so-called partial legal capacity institution within the institution. This became outwardly legal capacity; internally it remained a part of the Nord / LB. In this way, the dispute between the Bank to the establishment of its own savings bank with the City of Brunswick was settled.

2012 made NordLB the reserves for anticipated loan losses in the amount of 598 million euros. This sum is more than three times as high as the 2011 distance sum. In 2013 expects the Nord / LB with " a higher than average risk prevention ". NordLB, the 18 billion euros to the navigation ( eg shipping companies, ship funds ) awarded it had been (as of April 2013) at less than five percent of their loans to make specific allowances.

Business

The main business activities include ship financing, aircraft financing, project financing, renewable energy and infrastructure, the financing of commercial real estate ( via its German subsidiary Deutsche Hypo ), the corporate banking and retail banking. As Landesbank Nord / LB also acts as a bank of Lower Saxony and Saxony- Anhalt. In addition, it is the central institution of savings banks in the states of Lower Saxony, Saxony -Anhalt and Mecklenburg- Vorpommern.

Nord / LB wraps since April 1, 2009 from even the entire foreign payments of the 15 savings banks in Schleswig -Holstein. She wants to form partnerships for some savings in Brandenburg in the German -Polish border area.

Investments

The group includes, among others,

  • Bremer Landesbank ( 54.83 %)
  • German mortgage bank (100 %)
  • North German Landesbank Luxembourg (100 %)
  • Public Insurance Brunswick (75%)
  • Public Insurance Bremen (20%)
  • Nord / LB Asset Management
  • North Holding ( 15%)
  • LBS North German Landesbausparkasse Berlin -Hannover (44%)
  • Toto - Lotto Niedersachsen ( 49.85 %)
  • Bremer Toto and Lotto ( 33.33 %)
  • International Neuroscience Institute ( 22.67 %)
  • Fürstenberg porcelain manufactory (98%)
  • Credit Services North (100 %)

Nord / LB has a 49% stake in LHI Leasing GmbH. A 25 - % stake in Berenberg Bank bought this back to January 1, 2010.

Carriers of the Nord / LB are the states of Lower Saxony with 59.13 % of the shares and Saxony -Anhalt with 5.57%, and the Savings Banks Association of Lower Saxony ( 26.36 %), the Savings Bank Holding Association of Saxony -Anhalt ( 5.28% ) and the Sparkasse purpose Holding Association of Mecklenburg- Vorpommern (3.66 %). Thus, all shares in the company in direct and indirect property of their respective countries, and the counties and municipalities as a carrier of the savings banks.

Nord / LB as a national bank is a public company by virtue of the ownership structure. After the so-called Transparency Directive of the EU ( Directive 2000/52/EC of 26 July 2000) is a public undertaking "means any undertaking over which the public authorities may exercise, financial participation or the rules which other provisions, the activity of the control of the company, directly or indirectly, to exercise a controlling influence. "

Bodies of the Company

Board of Directors

  • Ulrike Brouzi (since 1 January 2012)
  • Eckhard Forst ( since 1 January 2007)
  • Hinrich Holm (since 1 February 2010)
  • Christoph Schulz (since 1 September 2006)

Board

  • Peter -Jürgen Schneider ( Chairman)
  • Thomas Mang ( 1st Deputy. Chairman)
  • Jens Jahn Buller ( 2nd Deputy. Chairman since 24 April 2006)
  • Frank Berg
  • Norbert Dierkes (since 1 February 2012)
  • Edda Döpke ( since 12 December 2009)
  • Ralf Dorries
  • Frank Hildebrandt
  • Martin Kind
  • Frank Klingebiel
  • Ulrich Mädge
  • Freddy Pedersen
  • Jörg Reinbrecht
  • Ilse Thonagel
  • Susanne Knorre
  • Heinrich von Nathusius
  • Antje Niewisch - Lennartz

Former personalities

  • Michael Frenzel (Supervisory Board Member to 11 December 2009)
  • Karl -Heinz Paqué ( 2nd Deputy. Chairman of the Board until 23 April 2006)
  • Wilhelm Pleister; the lawyer played an important role in the founding of the NORD / LB and became its first CEO
  • Hannes Rehm (Chief Executive Officer until December 31, 2008)
Types of business entity Vorstand DNB ASA Trade finance Stock market index BayernLB Integrated Authority File
607757
de