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NORD/LB Luxembourg Covered Bond Bank

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Annual Report as at 31 December 2017 NORDLB CBB (PDF, 5.75 MB)

NORD/LB CBB presents annual results for 2016

  • Customer loans business grows further by € 1.5 billion
  • Profit after tax down slightly at € 31.2 million

NORD/LB Luxembourg S.A. Covered Bond Bank (NORD/LB CBB) closed financial year 2016 with a net profit of € 31.2 million (previous year: 32.1 million). NORD/LB CBB, domiciled in Luxembourg, is a wholly-owned subsidiary of NORD/LB Norddeutsche Landesbank Girozentrale. “The satisfactory result as of the end of a challenging 2016 confirmed our strategy,” said Thorsten Schmidt, Member of the Managing Board of NORD/LB CBB. 

Annual Report as at 31 December 2016 NORD/LB CBB (PDF, 6.04 MB)

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