July 24, 2014 1:11 AM ET

Banks

Company Overview of Norddeutsche Landesbank Girozentrale

Company Overview

Norddeutsche Landesbank – Girozentrale provides financial services. The company’s Private and Commercial Customers segment offers banking services and products for account and lending business, and savings and investment business; Internet banking and direct brokerage services; asset structure analysis advisory, financial planning, asset succession and inheritance, and foundation management services; insurance; and investment loans and start-up advice. It serves private, individual, commercial, small-business, and middle-market corporate customers. The company’s Corporate Customers & Markets segment offers transaction management, business financing, interest and currency risk management, and...

Friedrichswall 10

Hanover,  30159

Germany

Founded in 1765

7,590 Employees

Phone:

49 511 361 0

Fax:

49 511 361 2502

Key Executives for Norddeutsche Landesbank Girozentrale

Chairman of Management Board and Member of Group Risk Committee
Age: 61
Chief Operating Officer and Member of the Managing Board
Age: 49
Executive Vice President
Senior Vice President and Member of the Supervisory Board
Head of Corporate Customer Business and Executive Vice President
Compensation as of Fiscal Year 2014.

Norddeutsche Landesbank Girozentrale Key Developments

Norddeutsche Landesbank Girozentrale Presents at FundForum International 2014, Jun-24-2014 04:20 PM

Norddeutsche Landesbank Girozentrale Presents at FundForum International 2014, Jun-24-2014 04:20 PM. Venue: The Grimaldi Forum, Monaco, BP, 200010, Avenue Princess Grace, Monaco, Monaco. Speakers: Ferdinand Verweyen.

Norddeutsche Landesbank Girozentrale Announces Group Earnings Results for the First Quarter Ended March 31, 2014

Norddeutsche Landesbank Girozentrale announced group earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of EUR 492 million compared to EUR 498 million a year ago. Net commission income was EUR 40 million compared to EUR 36 million a year ago. Earnings before reorganisation and taxes were EUR 153 million compared to loss before reorganisation and taxes of EUR 30 million a year ago. Earnings before taxes were EUR 133 million compared to loss before taxes of EUR 46 million a year ago. Consolidated profit was EUR 92 million compared to consolidated loss of EUR 32 million a year ago. Profit attributable to owners of the company was EUR 112 million compared to loss attributable to owners of the company of EUR 29 million a year ago. Cash flow used in operating activities was EUR 502 million compared to EUR 21 million a year ago. Return on equity was 6.9% compared to negative return on equity of 2.3% a year ago. The fall in interest income from lending and money market transactions is largely due to the low interest rate and declining loans and advances to banks and customers and the reduction of the Bank's security portfolios.

Norddeutsche Landesbank Girozentrale, Q1 2014 Earnings Call, May 27, 2014

Norddeutsche Landesbank Girozentrale, Q1 2014 Earnings Call, May 27, 2014

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