OLB

EQS-News: OLB presents strong set of record results

Retrieved on: 
Wednesday, March 13, 2024

Medium-term targets achieved or exceeded ahead of schedule:

Key Points: 
  • Medium-term targets achieved or exceeded ahead of schedule:
    OLB has achieved a record profit for the financial year 2023.
  • "Our full-year results demonstrate that we are one of the most profitable and efficient banks in Europe.
  • Thanks to our successful operating business, we have already achieved or exceeded all our medium-term targets," says Stefan Barth, CEO of OLB.
  • As a result, supervision of OLB will likely be transferred from the German Federal Financial Supervisory Authority (BaFin) to the ECB.

EQS-News: Moody's upgrades OLB's ratings, reflecting strengthened financial profile and outlook

Retrieved on: 
Wednesday, February 7, 2024

The outlook on these ratings has been changed to ‘stable’ from ‘positive’, reflecting the confidence in OLB's strengthened financial position and prospects in a challenging economic environment.

Key Points: 
  • The outlook on these ratings has been changed to ‘stable’ from ‘positive’, reflecting the confidence in OLB's strengthened financial position and prospects in a challenging economic environment.
  • This change further underscores the bank's improved solvency and liquidity profiles, which Moody's expects to remain robust despite external pressures.
  • Looking ahead, the stable outlook on OLB's ratings reflects Moody's expectation of continued fundamental strength, supported by prudent risk management practices and adequate liquidity buffers.
  • OLB remains committed to delivering value to its customers and stakeholders while maintaining a strong financial foundation.

EQS-News: OLB continues successful capital market activities with first ever benchmark mortgage covered bond

Retrieved on: 
Tuesday, January 30, 2024

Oldenburgische Landesbank AG (OLB) is continuing its successful capital market activities: Yesterday, Monday, 22 January 2024, the Bank issued its first ever mortgage covered bond at benchmark level in the amount of EUR 500 million.

Key Points: 
  • Oldenburgische Landesbank AG (OLB) is continuing its successful capital market activities: Yesterday, Monday, 22 January 2024, the Bank issued its first ever mortgage covered bond at benchmark level in the amount of EUR 500 million.
  • The bond has a term of eight years and offers investors an attractive long-term investment opportunity.
  • From now on, OLB plans to realise a benchmark-sized mortgage covered bond issue every 12-18 months.
  • Just last week, OLB made its debut on the Tier 2 bond market and issued a bond totalling EUR 170 million.

EQS-News: OLB successfully optimizes its capital structure by its first issuance of a EUR 170 million Tier 2 bond

Retrieved on: 
Tuesday, January 30, 2024

Oldenburgische Landesbank AG (OLB) successfully placed its first Tier 2 bond on the capital market on Wednesday, 17 January 2024.

Key Points: 
  • Oldenburgische Landesbank AG (OLB) successfully placed its first Tier 2 bond on the capital market on Wednesday, 17 January 2024.
  • The 10.25NC5.25 bond with a final size of 170 million euros was very well received by investors and 1.6times oversubscribed.
  • After two days of roadshow and positive feedback from core investors OLB decided to move ahead on Wednesday.
  • "With our successful inaugural Tier 2 issuance, we have set another important milestone in our capital market presence.

EQS-News: Oldenburgische Landesbank AG: Management Board contracts of Petrobelli and Ampaw extended until 2027

Retrieved on: 
Saturday, December 30, 2023

The Supervisory Board of Oldenburgische Landesbank AG (OLB) has decided to extend the contracts of the two members of the Board of Managing Directors of the Corporates & Diversified Lending segment, Giacomo Petrobelli and Marc Ampaw, for another three years, until 2027.

Key Points: 
  • The Supervisory Board of Oldenburgische Landesbank AG (OLB) has decided to extend the contracts of the two members of the Board of Managing Directors of the Corporates & Diversified Lending segment, Giacomo Petrobelli and Marc Ampaw, for another three years, until 2027.
  • "I am delighted that the very successful collaboration with Giacomo Petrobelli and Marc Ampaw will continue for a further three years.
  • Giacomo Petrobelli has been a member of the OLB Board of Managing Directors since 1 July 2022.
  • Marc Ampaw joined OLB in April 2020 and has been a member of the Board of Managing Directors since then.

EQS-News: OLB continues its successful growth in the first nine months of 2023

Retrieved on: 
Tuesday, December 26, 2023

Oldenburgische Landesbank AG ("OLB" or "Bank") continued its successful growth in the first nine months of 2023.

Key Points: 
  • Oldenburgische Landesbank AG ("OLB" or "Bank") continued its successful growth in the first nine months of 2023.
  • “This proves the strength and high profitability of our core business and the success of our strategy of diversified businesses."
  • This corresponds to a growth of about 8% and confirms the continuous focus on deposits as main funding source.
  • For the full fiscal year 2023, OLB is confirming its expectation of a new record result of more than EUR 200m after taxes.

OLB Group, Inc. to Conduct Virtual Presentation at Investor Summit on Wednesday, August 30

Retrieved on: 
Tuesday, August 29, 2023

New York, New York--(Newsfile Corp. - August 29, 2023) - OLB Group, Inc. (NASDAQ: OLB), a diversified payments company with a Bitcoin mining subsidiary, announced today that Ronny Yakov, CEO of OLB Group, will be giving a virtual presentation on Wednesday, August 30th at 11 a.m.

Key Points: 
  • New York, New York--(Newsfile Corp. - August 29, 2023) - OLB Group, Inc. (NASDAQ: OLB), a diversified payments company with a Bitcoin mining subsidiary, announced today that Ronny Yakov, CEO of OLB Group, will be giving a virtual presentation on Wednesday, August 30th at 11 a.m.
  • ET.
  • Interested investors and OLB shareholders are invited to pre-register or access live at the link below:

EQS-News: OLB receives improved ESG rating

Retrieved on: 
Monday, August 28, 2023

Oldenburgische Landesbank AG (“OLB” or “Bank”) has been rewarded for its continued high level of commitment to sustainability activities.

Key Points: 
  • Oldenburgische Landesbank AG (“OLB” or “Bank”) has been rewarded for its continued high level of commitment to sustainability activities.
  • After the Bank was awarded 30 points by the renowned agency S&P Global in its first ever ESG rating in March of this year, S&P Global has now raised the rating to 35 points in an updated review.
  • This puts OLB in the top quarter of all rated institutions in an international comparison of banks; the industry average in the ESG rating currently is 29 points.
  • At www.olb.de/sustainability, OLB provides extensive information about its approach and goals in terms of sustainability, its mission statement, its ESG policy and other relevant points.

EQS-News: Strong first half of 2023: OLB continues its profitable growth path

Retrieved on: 
Wednesday, August 2, 2023

Strong first half of 2023: OLB continues its profitable growth path

Key Points: 
  • Strong first half of 2023: OLB continues its profitable growth path
    The issuer is solely responsible for the content of this announcement.
  • Strong first half of 2023: OLB continues its profitable growth path
    Oldenburgische Landesbank AG (“OLB” or “Bank”) has had a successful first half of 2023.
  • We will keep driving our dynamic business growth and are looking forward to the upcoming integration of Degussa Bank.
  • Strong organic capital generation supports further business growth and offers shareholders attractive pay-out potential with a pay-out ratio of 50% or more.

Cuentas Releases Shareholder Update and New Branding Initiative, Highlighting the Successful Launch of Key Initiatives of the Company's Strategy of Building a Complete Ecosystem to Serve the Underserved but Well Deserved, An Estimated Trillion-Dollar Mark

Retrieved on: 
Thursday, July 20, 2023

MIAMI BEACH, Fla., July 20, 2023 /PRNewswire/ -- Cuentas, Inc. (Nasdaq: CUEN) (Nasdaq: CUENW) ("Cuentas"), the Company that is creating an alternative financial ecosystem for the growing, hard-working segment of the population who do not have access to traditional financial and lifestyle alternatives, today released their shareholder update, underscoring the Company's progress and the new company branding and unified focus on serving the underserved. Over the past 12 months, Cuentas Management has successfully launched its new mobile platform, Cuentas Mobile as well as the recently announced, sustainable community technology solution Cuentas Casa, which stands to revolutionize sustainable and affordable living.  To round out it its core ecosystem, the Company is currently on track to launch its new Cuentas Money Application and financial solutions package, in the fall of 2023. Management believes that these accomplishments put the Company in the position to grow significantly in the coming months and years, updating, upgrading, and rebranding around its core mission providing tools for managing life and solutions for living life to the millions of hardworking Americans who have been left out of the system.

Key Points: 
  • To round out it its core ecosystem, the Company is currently on track to launch its new Cuentas Money Application and financial solutions package, in the fall of 2023.
  • Cuentas Mobile ( www.cuentasmobile.com ) offers consumers straightforward access to affordable telco services, including free talk and text in each package.
  • "We have spent the last year investing in bringing together meaningful solutions that serve the underserved, and the progress is inspiring", continued Maimon.
  • "We do not believe anyone has ever approached the underserved problem with such a broad scope of integrated solutions."