NORD/LB is one of the leading German commercial banks. As a public-law institution, it is part of the S-Finanzgruppe and is one of the nationally systemically important banks in Germany.
The company headquarters in Hanover, Braunschweig and Magdeburg mark the roots of the bank in its parent states of Lower Saxony and Saxony-Anhalt.
NORD/LB can look back on a centuries-old tradition. In 1970, Norddeutsche Landesbank Girozentrale emerged from the merger of the four predecessor institutions Braunschweigische Staatsbank (founded in 1765), Hannoversche Landeskreditanstalt (founded in 1840), Niedersächsische Landesbank Girozentrale (founded in 1917) and Niedersächsische Wohnungskreditanstalt Stadtschaft (founded in 1918).
As a commercial bank, they offer their corporate, institutional and public sector customers a targeted range of financial services. They are also active in private customer business through the Braunschweigische Landessparkasse (Anstalt in der Anstalt - AidA). Globally, they are represented by branches and representative offices in all important trading centers such as London, New York and Singapore.
Their goal is to accompany German customers in their international business and so they focus - in addition to the special view of the region - on an international niche business.
NORD/LB operates as a state bank for Lower Saxony and Saxony-Anhalt and assumes the role of central bank for savings banks in the federal states of Lower Saxony (43 savings banks), Saxony-Anhalt (12 savings banks) and Mecklenburg-Western Pomerania (9 savings banks). Through the Braunschweigische Landessparkasse (BLSK) , the NORD/LB Group has more than 100 locations in the Braunschweig region.
As the central bank for savings banks, they are partners to the savings banks in Lower Saxony, Saxony-Anhalt and Mecklenburg-Western Pomerania.
Beyond the three federal states mentioned, they act as a service provider for individual savings banks. In addition, in their function as a giro center, they offer all services that are relevant to the savings banks they support.
The Bank's activities also include promotional business.
The Investment Bank of Saxony-Anhalt and the State Development Institute of Mecklenburg-West Pomerania, which belong to the NORD/LB Group, advise the respective state governments. The development banks are also the contact persons for questions relating to funding in their respective federal states: they offer their customers advice on everything to do with funding and support them in applying for programs.
