Press Archive

03/28/2024 NORD/LB reaches Financial Close on Lithuania's largest wind farm owned by Achema Group, powering one of the largest Green Fertiliser production for Europe.

NORD/LB reached Financial Close this week on the largest onshore wind farm in Lithuania and the Baltic region, namely Pagegiai Wind Farm (264MW). The project is located in the municipality of Pagegiai, approximately 270 kilometres west of the Lithuanian capital Vilnius, and will consist of 40 x 6.7MW Nordex wind turbines.

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03/25/2024 Christoph Auerbach becomes new COO of NORD/LB

Dr Christoph Auerbach (46) will join the Managing Board team of NORD/LB Norddeutsche Landesbank as the new Chief Operating Officer (COO) on 1 April. Auerbach will initially begin his role as Chief Representative and will be responsible for the areas of Information Technology (IT), Data Insights and Business Management & Operations at NORD/LB from the start of the second quarter.

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03/16/2024 Moody's raises NORD/LB's ratings significantly

The rating agency Moody's has raised the ratings of NORD/LB Norddeutsche Landesbank by up to four notches in total.

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03/15/2024 NORD/LB increases earnings before taxes in 2023 to € 271 million

NORD/LB Norddeutsche Landesbank generated earnings before taxes of € 271 million in the 2023 financial year. This more than doubled the previous year's result of € 104 million (increase of 161 per cent). Consolidated profit also rose noticeably. After € 89 million in 2022, the bank increased its consolidated profit to € 224 million in 2023 (an increase of 152 per cent).

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03/12/2024 NORD/LB finances a large-scale solar farm in Australia for European Energy

NORD/LB Norddeutsche Landesbank is financing a large-scale solar farm in Australia for its long-term client European Energy ("EE"). EE is a project developer for wind and PV farms headquartered in Copenhagen, Denmark.

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02/13/2024 NORD/LB finances fast-charging parks as part of the transport transition project Deutschlandnetz

NORD/LB Norddeutsche Landesbank is financing new fast-charging parks with more than 300 charging points on German freeways and is thus supporting the transport transition in Germany as a financing partner.

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02/07/2024 NORD/LB successfully places public Pfandbrief in benchmark format

NORD/LB Norddeutsche Landesbank successfully issued a public sector covered bond in benchmark format yesterday.

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02/02/2024 Fitch upgrades NORD/LB's standalone rating

The rating agency Fitch has upgraded the viability rating of NORD/LB Norddeutsche Landesbank from 'bb' to 'bb+'.

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01/04/2024 NORD/LB places first Green Bond of the year

- Issue volume of 500 million euros with a term of 7 years - Coupon of 2.875 per cent - Funds will be used to finance particularly energy-efficient buildings

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