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.

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

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 (2019)
15,561.60 mln EUR  (-9.52%)
Annual Profit (2019)
18.55 mln EUR  (+1,601.83%)
Number of Employees (2019)
155  (-10.40%)

NORD/LB Luxembourg S.A. Covered Bond Bank is the 11th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 15 561,60 mln EUR. In 2019 the bank's annual profit was 18,55 mln EUR. NORD/LB Luxembourg S.A. Covered Bond Bank had 155 employees in 2019.

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: A3
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 A3 (upper medium grade).

Deposit Guarantee

Guarantee Fund
Fonds de garantie des dépôts Luxembourg (FGDL)Fonds de garantie des dépôts Luxembourg (FGDL)
Protected Amount
up to 100,000 EUR
Eligible 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.

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