NORD/LB Luxembourg S.A. Covered Bond Bank

Business Focus
mortgage covered bonds

After the merger of NORD/LB Luxembourg with its subsidiary company NORD/LB Covered Finance Bank on May 31, 2015, the merged bank operates under the name of NORD/LB Luxembourg Covered Bond Bank.

Financials

Total Assets of NORD/LB Luxembourg S.A. Covered Bond Bank
Annual_profit of NORD/LB Luxembourg S.A. Covered Bond Bank
Total Assets (2018)
17,199.30 mln EUR  (+11.97%)
Annual Profit (2018)
1.09 mln EUR  (-96.28%)
Number of Employees (2018)
173  (-8.47%)

NORD/LB Luxembourg S.A. Covered Bond Bank is the 12th largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 17 199,30 mln EUR. In 2018 the bank's annual profit was 1,09 mln EUR. NORD/LB Luxembourg S.A. Covered Bond Bank had 173 employees in 2018.

Credit Ratings

Fitch: -
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: Baa2
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

NORD/LB Luxembourg S.A. Covered Bond Bank is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Fonds de garantie des dépôts Luxembourg (FGDL)
Covered Depositors
natural persons (Luxembourg and foreign)
SMEs, companies
Covered Accounts
all cash deposits

NORD/LB Luxembourg S.A. Covered Bond Bank participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. NORD/LB Luxembourg S.A. Covered Bond Bank is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.

NORD/LB Luxembourg S.A. Covered Bond Bank is a member of Norddeutsche Landesbank (Germany).

Contacts

7, rue Lou Hemmer, 1748, FINDEL, Luxembourg
121
+352 45 22 11 1
+352 45 22 11 319

NORD/LB Luxembourg S.A. Covered Bond Bank is headquartered in FINDEL.

Bank Identifiers

BIC (SWIFT)
NOLALULL
LEI
CAF7KSNT1N0CTA93RI98
MFI ID
LUB00051

Bank History

Start Date
September 1972
Previous Name
Norddeutsche Landesbank Luxembourg S.A.

Banking Products in Luxembourg