NORD/LB Norddeutsche Landesbank has won gold for the second time in a row at the Partnerships Awards 2018 which were held in the UK. The awards are presented each year by Partnerships Bulletin, one of the sector’s most renowned publications. This was the 20th time that the magazine has recognised the world’s best public private partnership (PPP) projects and players of the year.

NORD/LB Norddeutsche Landesbank has been assigned a long-term "A" rating by rating agency DBRS. The "A" rating applies to both NORD/LB as an issuer and to its issued long-term unsecured bonds (senior debt). DBRS also assigned an “A” rating to NORD/LB’s deposits. In the rating scale used by DBRS, this score equates to "A2" from Moody‘s and "A" from Fitch. The short-term rating issued by DBRS was "R-1 (low)". All ratings have a positive outlook.

For the first time, NORD/LB Norddeutsche Landesbank structured and financed a solar farm portfolio in Denmark for the Danish project developer European Energy A/S. The portfolio will benefit (for approx. 70% of its revenues) from a fixed feed in tariff under Germany's Renewable Energies Act (EEG 2017). The pilot-tender for 50 megawatts (MW) with Denmark marked the first cross-border tender process conducted by the Bundesnetzagentur for electricity from renewable energies in Europe.

The Supervisory Board of NORD/LB Norddeutsche Landesbank took an early decision at its meeting today to renew the contract of the Chairman of the Managing Board Thomas Bürkle by two years, up to 31 December 2021.

NORD/LB Norddeutsche Landesbank concluded the first quarter of 2018 with earnings before taxes of € 68 million. After taxes, profit stood at € 43 million. Last year the first-quarter result reflected extraordinary income in the securities business and totalled € 295 million before taxes and € 248 million after taxes.

NORD/LB Norddeutsche Landesbank is financing its first social infrastructure investment in Ireland with Oaklee Housing, one of Ireland’s leading Approved Housing Bodies (AHBs), through an innovative debt financing structure. The investment volume is € 50 million which will be utilised to finance a series of property acquisitions for social housing use in the Republic of Ireland in conjunction with Oaklee Housing.

NORD/LB and Siemens Financial Services (SFS) have provided financing for the 39 MW Bosco Le Piane wind farm for Danish project developer European Energy A/S.

NORD/LB Norddeutsche Landesbank concluded the financial year 2017 with earnings before taxes of € 195 million. Consolidated profit totalled € 135 million. In the financial year 2016, the Bank posted a loss before taxes of € 1.9 billion as a result of the marked intensification of the global shipping crisis.

Olof Seidel will assume the positions of Chief Financial Officer (CFO) and Chief Operating Officer (COO) of NORD/LB. As General Representative, he will take on the role of head for Finance/Tax, Group IT and other areas. He will report directly to Thomas Bürkle, the Chairman of the Management Board of NORD/LB. The bank’s Supervisory Board indicated its approval of this appointment at its meeting today. At the same time, it declared its intention to appoint Seidel as a member of the Managing Board once the required banking supervision conditions have been met. Seidel will assume his new post on 1 May 2018 and take over the tasks of Ulrike Brouzi, who is moving to the Managing Board of DZ Bank.

NORD/LB and the US global power generation firm InterGen are financing a 300-megawatt capacity natural gas-fired power station in Spalding, England. NORD/LB acted as Mandated Lead Arranger together with Santander UK plc. The investment volume is GBP 100 million.