Norddeutsche Landesbank

Norddeutsche Landesbank Girozentrale
Company typePublic-law institution
IndustryBanking
FoundedJuly 1, 1970
HeadquartersHanover, Germany
Key people
Jörg Frischholz (CEO)
Reinhold Hilbers (Chairman of the Supervisory Board)
ProductsFinancial services
85,116,142.95 Euro (2017) Edit this on Wikidata
Total assetsDecrease € 160 billion (2018)[1]
Number of employees
6,453 (2017)
Websitewww.nordlb.com

The Norddeutsche Landesbank Girozentrale (abbreviated NORD/LB) is a German Landesbank and one of the largest commercial banks in Germany. It is a public corporation majority-owned by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg. Regional Sparkassen hold a minority stake of 35 percent.[2]

NORD/LB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]

  1. ^ Olaf Storbeck (November 2, 2018), Germany’s Landesbanken still seeking clean bill of health Financial Times.
  2. ^ Olaf Storbeck (November 2, 2018), Germany’s Landesbanken still seeking clean bill of health Financial Times.
  3. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  4. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.