The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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NORD/LB is the leading universal bank in North Germany. Its business policy is concentrated on North<br />
Germany. NORD/LB functions as the Landesbank for the federal states Lower Saxony and Saxony Anhalt.<br />
It also acts as the central bank for 46 savings banks in Lower Saxony (13 supported by Bremer Landesbank),<br />
13 savings banks in Saxony-Anhalt and 10 savings banks in Mecklenburg-Western Pomerania.<br />
NORD/LB is Germany’s top bank for national and international bond issues. It offers a wide range of<br />
financial services to its private, corporate and institutional clients and to the public sector. <strong>The</strong> main areas<br />
of specialisation of NORD/LB are agricultural and real estate banking, corporate finance, ship and aircraft<br />
financing and private banking. In Braunschweig, NORD/LB can boast a regional savings bank tradition<br />
stretching back over more than 241 years.<br />
As an international commercial bank, NORD/LB maintains a presence in all the major financial and trading<br />
centres, including London, Singapore and New York. It has representations and service offices worldwide<br />
and a network of more than 1,500 correspondent banks. Since January 2008 Deutsche Hypo forms part<br />
of NORD/LB. By combining the power of the two banks, a stronger position on the market for clients and<br />
investors in the field of commercial real estate financing will be attained.<br />
Rating: Mortgage Public Non-guaranteed Non-guaranteed Financial<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e short-term liabilities long-term liabilities strength<br />
Standard & Poor‘s - - - - -<br />
Moody‘s Aaa Aaa P-1 Aa2 C–<br />
Fitch - - F1 A C/D<br />
136<br />
Selected key figures<br />
Total assets (Group)<br />
2010<br />
€ million<br />
228,586<br />
2009<br />
€ million<br />
238,688<br />
Total assets AöR<br />
150,792<br />
158,091<br />
Mortgage loan portfolio<br />
5,460<br />
5,635<br />
Mortgage loan commitments<br />
418<br />
899<br />
Public-sector loan portfolio<br />
17,670<br />
17,595<br />
Public-sector loan commitments<br />
2,106<br />
3,356<br />
Total funds outstanding (registered and bearer bonds)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
2,682<br />
3,567<br />
Public <strong>Pfandbrief</strong>e<br />
28,739<br />
33,667<br />
Unsecured bonds<br />
32,233<br />
33,937<br />
Jumbo issues outstanding<br />
3,000<br />
6,950<br />
Refinancing funds raised<br />
Ship <strong>Pfandbrief</strong>e<br />
10<br />
0<br />
Mortgage <strong>Pfandbrief</strong>e<br />
50<br />
1,025<br />
Public <strong>Pfandbrief</strong>e<br />
2,954<br />
4,773<br />
Unsecured bonds<br />
5,998<br />
19,127<br />
Promissory notes<br />
653<br />
2,378<br />
Own funds as shown in the balance sheet – total –<br />
Core capital (without net income)<br />
5,818<br />
5,762<br />
Fund for general banking risks<br />
852<br />
722<br />
Profit-sharing capital<br />
401<br />
447<br />
Subordinated liabilities<br />
2,704<br />
2,103<br />
Net interest income incl. depreciation on fixed assets and intangible assets<br />
1,271<br />
1,249<br />
Administrative expenditure<br />
680<br />
736<br />
Operating result before provisions for risks<br />
901<br />
875<br />
Provisions for risks<br />
-524<br />
-733<br />
Operating result after provisions for risks<br />
377<br />
142<br />
Income for the year<br />
98<br />
18<br />
Presence in electronic media:<br />
Reuters: NORDLB, Bloomberg: NOLB<br />
Contact:<br />
Martin Hartmann, Head of Markets Tel.: +49 511 361-2052 martin.hartmann@nordlb.de<br />
Wolfgang Göhlich, Head of Treasury Tel.: +49 511 361-2864 wolfgang.goehlich@nordlb.de
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