Norddeutsche Landesbank - Girozentrale -

Norddeutsche Landesbank – Girozentrale – (NORD/LB) is a German public-law institution headquartered in Hanover with additional seats in Braunschweig and Magdeburg, acting as a Landesbank and giro center for the regional savings banks in northern Germany. The bank is owned by federal states and savings banks associations and is directly supervised by the European Central Bank as a significant institution. Its business model is oriented toward corporate and institutional clients, the public sector, and structured and project finance, with notable activities in renewable energy, infrastructure, aircraft, and commercial real estate; retail banking is conducted primarily through Braunschweigische Landessparkasse, an institution within NORD/LB. The bank integrated Deutsche Hypothekenbank (Deutsche Hypo) and operates a consolidated real estate finance platform, while continuing to run down legacy shipping exposures following a multi-year restructuring and recapitalization completed in 2019. Funding is concentrated in wholesale markets and institutional deposits, complemented by active issuance of mortgage and public-sector Pfandbriefe and other capital markets instruments. Credit risk is shaped by exposure to German and international commercial real estate and selected structured sectors, with earnings sensitive to valuation, refinancing conditions, and interest-rate movements; the legacy shipping book remains managed in a dedicated wind-down portfolio. NORD/LB participates in the Institutional Protection Scheme of the Sparkassen-Finanzgruppe; statutory deposit insurance applies where relevant. The bank provides payments, liquidity, capital markets, and custody services to savings banks and public-sector counterparties, and publishes consolidated IFRS financial statements and sustainability disclosures aligned with EU requirements.