Created by Anna Mileiko 
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.
In 2023, NORD/LB Luxembourg S.A. Covered Bond Bank achieved the position of 19th largest bank in Luxembourg with a market share of 0.81%; its total assets dropped by 14.64%.
Additionally, the bank became the 62nd profitable bank in relation to its total assets showcasing -0.20% return on assets and -2.64% return on equity in 2023.
Deposits up to 100,000 EUR are covered by Luxembourg deposit guarantee scheme in NORD/LB Luxembourg S.A. Covered Bond Bank.
NORD/LB Luxembourg S.A. Covered Bond Bank ranks as the 19th largest bank in Luxembourg by total assets. In 2023 its total assets were 7,814.70 mln EUR, representing a 0.81% market share. In 2023 the bank's annual profit was -16.55 mln EUR. As of 2023, the bank employed 117 people.
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 A3 (upper medium grade).
Fonds de garantie des dépôts Luxembourg (FGDL)NORD/LB Luxembourg S.A. Covered Bond Bank protects deposits up to up to 100,000 EUR per depositor through Luxembourg's deposit guarantee scheme. The scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies. The bank participates in the Fonds de garantie des dépôts Luxembourg (FGDL), making regular contributions into it.
Norddeutsche Landesbank (Germany)NORD/LB Luxembourg S.A. Covered Bond Bank is a member of Norddeutsche Landesbank (Germany).
7, rue Lou Hemmer, 1748, FINDEL, Luxembourg
121
+352 45 22 11 1
+352 45 22 11 319NORD/LB Luxembourg S.A. Covered Bond Bank is headquartered in FINDEL.
In 2023 total assets of NORD/LB Luxembourg S.A. Covered Bond Bank were 7,814.70 mln EUR. Decline compared to the previous period (2022) was -14.64%. The evolution of the total assets of NORD/LB Luxembourg S.A. Covered Bond Bank is shown at Chart 1 below.
Chart 1. Total Assets of NORD/LB Luxembourg S.A. Covered Bond Bank.
Recent changes in gross profit of NORD/LB Luxembourg S.A. Covered Bond Bank and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Net Interest Income | 75.4 | 68.5 | -9.11% |
| Net Commission Income | -38.8 | -31.7 | -18.09% |
Table 1. Recent changes in gross profit of NORD/LB Luxembourg S.A. Covered Bond Bank (mln EUR).
In 2023 annual profit of NORD/LB Luxembourg S.A. Covered Bond Bank was -16,550,000.00 EUR. Decline compared to the previous period (2022) was -220.63%. The evolution of the annual profit of NORD/LB Luxembourg S.A. Covered Bond Bank is shown at Chart 2 below.
Chart 2. Annual Profit of NORD/LB Luxembourg S.A. Covered Bond Bank.
In 2023 there were 117 employees of NORD/LB Luxembourg S.A. Covered Bond Bank. Decline compared to the previous period (2022) was -5.65%. The evolution of the number of employees of NORD/LB Luxembourg S.A. Covered Bond Bank is shown at Chart 3 below.
Chart 3. Number of Employees of NORD/LB Luxembourg S.A. Covered Bond Bank.
In 2023 NORD/LB Luxembourg S.A. Covered Bond Bank was ranked the 19th largest bank in Luxembourgin terms of total assets, having 0.81% of the domestic market share.
Chart 4. Market share of NORD/LB Luxembourg S.A. Covered Bond Bank (among banks in Luxembourg)
Historical changes in NORD/LB Luxembourg S.A. Covered Bond Bank's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 19 | 0.81 % |
| 2022 | 18 | 0.95 % |
| 2021 | 17 | 1.06 % |
| 2020 | 13 | 1.43 % |
| 2019 | 11 | 1.71 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to NORD/LB Luxembourg S.A. Covered Bond Bank listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 18 |  | 0.94% | 9,111.59 mln EUR (+46.57%) |
| 19 | | 0.81% | 7,814.70 mln EUR (-14.64%) |
| 20 |  | 0.76% | 7,302.16 mln EUR (+19.53%) |
NORD/LB Luxembourg S.A. Covered Bond Bank has received a rating from Moody's, a major credit rating agency. This rating assesses the institution's financial stability and creditworthiness.
| Rating Category / Outlook | Value |
|---|---|
| Long-Term Rating | A3 (upper medium grade) |
| Long-Term Bank Deposit Rating | A3 (upper medium grade) |
| Baseline Credit Assessment | ba3 |
| Outlook | positive |
Moody’s rating system highlights the bank's long-term upper medium strength, with the A3 rating showing upper medium credit quality. The ratings are assigned a positive outlook, indicating potential upgrade.
Discover key identifiers of NORD/LB Luxembourg S.A. Covered Bond Bank including its BIC, LEI, company number, MFI ID.
BIC: NOLALULL
The BIC (also known as SWIFT code) for NORD/LB Luxembourg S.A. Covered Bond Bank is NOLALULL. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | NOLALULL |
| Bank BIC Code | NOLA |
| Country Code | LU (Luxembourg) |
| Location Code | LL |
| Branch Code | - |
LEI: CAF7KSNT1N0CTA93RI98
NORD/LB Luxembourg S.A. Covered Bond Bank’s LEI is CAF7KSNT1N0CTA93RI98. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | CAF7KSNT1N0CTA93RI98 |
| LOU Identifier | CAF7 |
| Reserved | KS |
| Entity Identifier | NT1N0CTA93RI |
| Verification ID | 98 |
Company Registration Number: B10405
NORD/LB Luxembourg S.A. Covered Bond Bank is registered in Luxembourg under company number B10405. Company Registration Number is a distinctive code issued upon registration of a new company. Company number can be used to find data about the company in a national company register.
| Key | Value |
|---|---|
| Company Number | B10405 |
MFI ID: LUB00051
NORD/LB Luxembourg S.A. Covered Bond Bank’s MFI ID, LUB00051, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Luxembourg (LU), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | LUB00051 |
| Country Code | LU |
| MFI Code | B00051 |
TheBanks.eu identified several banks similar to NORD/LB Luxembourg S.A. Covered Bond Bank based on various criteria, including:
