Norddeutsche Landesbank - Girozentrale - products, services and reviews

About Norddeutsche Landesbank - Girozentrale -

Norddeutsche Landesbank - Girozentrale - (NORD/LB) is a German public-law institution headquartered in Hanover with additional registered offices in Braunschweig and Magdeburg, acting as the Landesbank for Lower Saxony and Saxony-Anhalt and operating within the Savings Banks Finance Group. It is majority-owned by the State of Lower Saxony and regional savings banks associations, with the State of Saxony-Anhalt holding a minority stake. The group’s activities concentrate on corporate and institutional banking, real estate finance (following the integration of Deutsche Hypothekenbank), project and structured finance with emphasis on energy and infrastructure, capital markets and treasury services, and the savings banks network business; retail services are provided locally through the Braunschweigische Landessparkasse unit. After significant losses in legacy ship finance, the bank underwent a restructuring and recapitalization approved by the European Commission in 2019, including a capital injection from owners, material risk reduction and balance-sheet shrinkage, and a refocus on core segments; the wind-down of shipping exposure and the legal merger of Deutsche Hypo were completed in 2021. Funding is sourced from covered bonds (public-sector and mortgage Pfandbriefe), senior unsecured and subordinated issuances, deposits from corporate and public-sector clients, and interbank lines; liquidity and capital metrics have been strengthened since the restructuring, with reported CET1 and leverage ratios above regulatory requirements in recent periods. NORD/LB is supervised as a significant institution under the ECB’s Single Supervisory Mechanism, participates in the Institutional Protection Scheme of the Savings Banks Finance Group, and is subject to the statutory deposit guarantee scheme for public banks (EdÖ) for eligible deposits. The risk profile is anchored in German commercial real estate and European/North American energy and infrastructure finance, with materially reduced shipping exposure; credit, market, and operational risks are managed under CRR/CRD frameworks and MREL is met through eligible liabilities. The bank reports selective international coverage to support sector franchises and provides cash management, trade finance, and capital markets services to municipalities, corporates, and institutional investors. Recent disclosures indicate a return to positive earnings following the clean-up of non-performing assets and tighter underwriting, while profitability remains sensitive to commercial real estate conditions, interest-rate dynamics, and regulatory costs; the issuer holds investment-grade ratings from major agencies, reflecting its standalone profile and group affiliation.