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Norddeutsche Landesbank

 
Wikipedia: Norddeutsche Landesbank
Norddeutsche Landesbank
Type Aktiengesellschaft
Founded July 1, 1970
Headquarters Germany Hanover
Key people Gunter Dunkel (Interim CEO)
Hartmut Möllring (Pres. of supervisory board)
Industry Banking
Products Financial services
Total assets € 244 billion (2008)
Employees 6,257 (2008)
Website www.nordlb.de
NORD/LB head office in Hanover

The Norddeutsche Landesbank (abbreviated Nord/LB) is a German landesbank and one of the largest commercial banks in Germany. It is a public corporation by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg.

Nord/LB was established in 1765 as Braunschweigische Staatsbank. The main areas of specialization of NordLB are investment banking, agricultural and real estate banking, corporate finance, ship and aircraft financing and private banking. NordLB maintains branch offices in all major financial and trading centers, including London, Singapore and New York City.

Its Central and Northern European operations in Poland, Lithuania and Latvia are carried out in a joint venture with the Norwegian bank DnB NOR into the DnB NORD.

Nord/LB is Germany's largest bank for national and international bond issues.

External links

Coordinates: 52°22′3″N 9°44′29″E / 52.3675°N 9.74139°E / 52.3675; 9.74139


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