NORD
Wednesday, March 10, 2010CONTACT  |  SITEMAP
NORD

NORD/LB GROUP

NORD/LB Group, is one of the ten largest banks in Germany , and in terms of size ranks number 36 in Europe and number 61 worldwide. With its principal headquarters in Hannover, Lower, Saxony, it is a major regional bank with an international orientation, and a particular focus on the Northeastern Europe.

Headquartered in Hannover, NORD/LB has grown to be Germany's tenth largest financial institution, and our roots go back to 1765. The bank's new unguaranteed ratings remain strong with long-term credit ratings of Aa2 (Moody's), A (Fitch) and A-(S&P), and short-term ratings of P-1 (Moody's), A-2 (S&P) and F-1 (Fitch). As of September 2009, our total assets exceeded €246 Billion, and we have over 5,900 employees.

The Main areas of specialization of NORD/LB are investment, agricultural and Real Estate Banking, Corporate finance, Ship and Aircraft financing and Private Banking.

NORD/LB has established a global presence through branches in New York, London, Singapore and Shanghai, , and a worldwide network of representative offices and correspondence banks, as well as its group affiliates Bremer Landesbank (92,5%, Germany), Norddeutsche Landesbank Luxembourg (100%, Luxembourg), NORD/LB COVERED FINANCE BANK (100%, Luxembourg), Bank DnB NORD (49%, at equity, Poland, Estonia, Lithuania and Latvia) and LHI (49% at equity, Germany and Poland), Skandifinanz Bank AG (Switzerland) and Deutsche Hypothenbank Actiengesellschaf (100% Hannover).

The group draws considerable financial strength through its ownership structure: Owners of the NORD/LB Group are the states of Lower Saxony and Saxony-Anhalt (50% combined), and local savings banks of Lower Saxony , Saxony-Anhalt and Mecklenburg Western-Pommerania and the associations of Local Savings Banks.

http://www.nordlb.com