NORD/LB Norddeutsche Landesbank (NORD/LB) and the European Investment Bank (EIB) have signed an agreement to support the energy transition in EU countries.

NORD/LB Norddeutsche Landesbank generated earnings before taxes of € 253 million in the first nine months of 2023. Compared to the previous year, the bank increased its earnings before taxes by more than € 220 million (30.09.2022: € 31 million). Consolidated profit amounted to € 195 million as at 30 September 2023. Here, too, there was a significant increase in earnings compared to the previous year (€ 37 million). NORD/LB has thus once again confirmed the positive trend of recent quarters.

Dr. Christoph Auerbach and Jasper Hanebuth will be appointed to the Board of Management of NORD/LB Norddeutsche Landesbank Girozentrale. This was decided by the bank's executive bodies on Monday evening.

NORD/LB Norddeutsche Landesbank is financing the construction and operation of the Scurf Dyke solar park in England, which also includes a co-located Battery Energy Storage System (BESS).

NORD/LB Norddeutsche Landesbank achieved earnings before taxes of € 143 million in the first six months of 2023. In the first half of 2022 the earnings before taxes (due to negative valuation effects) had still been at €- 90 million. The so-called comprehensive income, which includes not only the items in the income statement but also valuation changes in equity, reached a value of € 253 million. The successful transformation of NORD/LB is now becoming increasingly noticeable in the bank's business figures.

Last year, NORD/LB Norddeutsche Landesbank signed the Climate Protection Commitment of the German Financial Sector and thus committed itself to aligning its loan and investment portfolios with the goals of the Paris Climate Agreement. This initiative, which originated in the banking sector of the financial sector, aims to actively participate in the societal transformation to limit climate change. A central element of this voluntary commitment is the development of basic measures for recording the carbon footprint of bank portfolios.

NORD/LB Norddeutsche Landesbank successfully issued its first green senior benchmark bond with a volume of € 500 million yesterday.

Christoph Schulz, member of the Managing Board of NORD/LB Norddeutsche Landesbank and Chairman of the Managing Board of Braunschweigische Landessparkasse (BLSK) will leave the bank and retire when his contract expires on 31 December 2023.

NORD/LB Norddeutsche Landesbank finances the construction and construction of six solar projects with a total capacity of 48 MWp.

NORD/LB Norddeutsche Landesbank improved its earnings before taxes in the first three months of 2023 by approx. € 90 million compared to the previous year, continuing its positive earnings trend.