NORD/LB Luxembourg S.A. Covered Bond Bank

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.

Business Focus

mortgage covered bonds

Financials

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.

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).

NORD/LB Luxembourg S.A. Covered Bond Bank participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

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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