Norddeutsche Landesbank -Girozentrale-

Norddeutsche Landesbank (NORD/LB) is a universal German bank, focused on providing financial services to private, corporate and institutional customers as well as public sector customers in the Northern Germany. NORD/LB conducts selected activities globally and is represented in important trading centres through its branches and representative offices.

Bank Category

Landesbanken

Financials

Total Assets (2017)
138.40 bln EUR  (+12.52%)
Net Income (2017)
85.12 mln EUR

In 2017 total assets of Norddeutsche Landesbank -Girozentrale- were 138,40 bln EUR. In 2017 the bank's net income was 85,12 mln EUR.

Norddeutsche Landesbank -Girozentrale- is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Norddeutsche Landesbank -Girozentrale- participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Friedrichswall 10, 30159, Hannover, Germany
511 361 -0
511 361-2502

Norddeutsche Landesbank -Girozentrale- is headquartered in Hannover.

Bank Identifiers

BIC (SWIFT)
NOLADE2HXXX
MFI ID
DE00320

Financial Positions

Total Assets (2017)
138.40 bln EUR  (+12.52%)

In 2017 total assets of Norddeutsche Landesbank -Girozentrale- were 138.40 bln EUR. Growth compared to the previous period (2016) was 12.52%. The evolution of the total assets of Norddeutsche Landesbank -Girozentrale- is shown at Chart 1 below.

Total Assets of Norddeutsche Landesbank -Girozentrale-.

Chart 1. Total Assets of Norddeutsche Landesbank -Girozentrale-.

Profit and Loss

Net Income (2017)
85.12 mln EUR

In 2017 net income of Norddeutsche Landesbank -Girozentrale- was 85.12 mln EUR. Decline compared to the previous period (2016) was -120.17%. The evolution of the net income of Norddeutsche Landesbank -Girozentrale- is shown at Chart 2 below.

Net Income of Norddeutsche Landesbank -Girozentrale-.

Chart 2. Net Income of Norddeutsche Landesbank -Girozentrale-.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
13th (market share 1.74%)

In 2016 Norddeutsche Landesbank -Girozentrale- was ranked the 13th largest bank in Germany in terms of total assets, having 1.74% of the domestic market share.

Market share of Norddeutsche Landesbank -Girozentrale- (among banks in Germany)

Chart 3. Market share of Norddeutsche Landesbank -Girozentrale- (among banks in Germany)

Several banks having the market shares and ranks closest to Norddeutsche Landesbank -Girozentrale- are shown below.

RankNameTotal AssetsMarket Share
12Deutsche Postbank AG (closed)126755.00 mln EUR1.79%
13Norddeutsche Landesbank -Girozentrale-122998.11 mln EUR1.74%
14Landwirtschaftliche Rentenbank86251.90 mln EUR1.22%
 

Market Share and Rank (among Landesbanken in Germany)

Total Assets (2016)
4th (market share 13.66%)

In 2016 Norddeutsche Landesbank -Girozentrale- was ranked the 4th largest landesbanken in Germany in terms of total assets, having 13.66% of the category's market share.

Market share of Norddeutsche Landesbank -Girozentrale- (among Landesbanken in Germany)

Chart 4. Market share of Norddeutsche Landesbank -Girozentrale- (among Landesbanken in Germany)

Several landesbanken having the market shares and ranks closest to Norddeutsche Landesbank -Girozentrale- are shown below.

RankNameTotal AssetsMarket Share
3Landesbank Hessen-Thüringen GZ136787.96 mln EUR15.19%
4Norddeutsche Landesbank -Girozentrale-122998.11 mln EUR13.66%
5HSH Nordbank AG82725.27 mln EUR9.19%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A- (high credit quality) Baa2 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Norddeutsche Landesbank -Girozentrale- is rated by Fitch and Moody's.

Credit ratings assigned to Norddeutsche Landesbank -Girozentrale- as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Norddeutsche Landesbank -Girozentrale- it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Norddeutsche Landesbank -Girozentrale- is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  bb+
Support Rating  1
Support Rating Floor  WD

Viability rating for Norddeutsche Landesbank -Girozentrale- is set to bb+ (speculative fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is WD (withdrawn).

Moody's

Long-term rating for Norddeutsche Landesbank -Girozentrale- it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Baseline credit assessment is b2. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Baseline Credit Assessment  b2
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of Norddeutsche Landesbank -Girozentrale- is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Norddeutsche Landesbank -Girozentrale- failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Norddeutsche Landesbank -Girozentrale- and its components are shown in the table below.

BIC  NOLADE2HXXX
Bank BIC Code  NOLA
Country Code  DE (Germany)
Location Code  2H
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Norddeutsche Landesbank -Girozentrale- is shown in the table below.

MFI ID  DE00320

European Presence: 3 banks in 3 countries

Norddeutsche Landesbank -Girozentrale- operates under the brand name NORD LB. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

  • (this bank) Norddeutsche Landesbank -Girozentrale- (Hannover)

Luxembourg

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under NORD LB brand name has been recently closed down:

Cayman Islands

Luxembourg