Oldenburgische Landesbank

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

Retrieved on: 
Tuesday, January 30, 2024
Erste Group, DZ Bank, UniCredit, Bank, Deutsche Bank, CFO, Insurance, Oldenburgische Landesbank, Norddeutsche Landesbank, OLB, EUR, Luxembourg Stock Exchange, Danske Bank

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
Senior, UBS, Deutsche Bank, Tier 2, Oldenburgische Landesbank, AT1, Moody's Investors Service, OLB, Covered bond, Security (finance)

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

Retrieved on: 
Tuesday, December 26, 2023
Degussa Bank, OLB, CFO, AQF, Acquisition, Private, European Central Bank, IPO, Nicolaes Tulp, ECB, Tax, Growth, Bank, Oldenburgische Landesbank, EUR, Corporation, Central bank, Risk

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.

EQS-News: OLB receives improved ESG rating

Retrieved on: 
Monday, August 28, 2023
Oldenburgische Landesbank, Policy, S&P, Biophysical environment, ESG, Bank, S&P Global, Social, Sustainability, Environment, Orientation, S&P Global Ratings, OLB, Marketing

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
European Central Bank, IPO, Private, Face, Central bank, Tax, Common equity, Corporation, Nicolaes Tulp, Acquisition, Oldenburgische Landesbank, Growth, Degussa Bank, Bank, Environment, OLB, Drug, Security (finance)

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.

EQS-News: Successful start to financial year 2023: OLB continues highly profitable and efficient growth path in volatile market environment

Retrieved on: 
Tuesday, May 16, 2023
IPO, Private, RWA, Tax, Risk management, Common equity, Corporation, EUR, Acquisition, Risk, LCR, Oldenburgische Landesbank, CFO, Roe, Growth, Degussa Bank, Bank, MDA, OLB, Airline, Security (finance), Lithium

Successful start to financial year 2023: OLB continues highly profitable and efficient growth path in volatile market environment

Key Points: 
  • Successful start to financial year 2023: OLB continues highly profitable and efficient growth path in volatile market environment
    The issuer is solely responsible for the content of this announcement.
  • Successful start to financial year 2023: OLB continues highly profitable and efficient growth path in volatile market environment
    Oldenburgische Landesbank AG (“OLB” or “Bank”) once again impressed with growth, profitability and solidity in the first quarter of 2023, increasing its result after taxes to EUR 56.7 million (m) as of 31 March 2023 (Q1 2022: EUR 40.3 m) [1] .
  • With this proven setup, we want to continue our highly profitable and efficient growth path," says Stefan Barth, CEO of OLB.
  • In addition, the Bank continues to plan a potential IPO depending on a suitable time window in a stabilized market environment.

EQS-News: Oldenburgische Landesbank AG: OLB successfully completes first synthetic risk transfer

Retrieved on: 
Saturday, April 15, 2023
SKS, Oldenburgische Landesbank, UniCredit, Degussa Bank, Bank, Common equity, SK Group, CET, OLB

Oldenburgische Landesbank AG (OLB) successfully completed its first synthetic risk transfer.

Key Points: 
  • Oldenburgische Landesbank AG (OLB) successfully completed its first synthetic risk transfer.
  • Under the transaction, potential default risks were transferred to investors, but the actual contractual relationship between OLB and its borrowers remained unaffected.
  • "With our first synthetic risk transfer, we have strengthened our balance sheet and will be able to manage it even more efficiently in the future," says Dr Rainer Polster, Chief Financial Officer of OLB.
  • OLB was advised by Clifford Chance, Iconicchain, UniCredit and SKS Group regarding the transaction.

EQS-News: OLB continues its success story with record profit

Retrieved on: 
Wednesday, February 22, 2023
Central bank, Oldenburgische Landesbank, CFO, Development, Investment, OLB, Corporation, Degussa Bank, ECB, Acquisition, European Central Bank, EUR, ESG, Risk, Private, Common equity, Commercial property, Growth, Bank, Tax, Security (finance), Lithium

As of December 31, 2022 OLB’s result after taxes increased by 71.5% to EUR 197.7 million (previous year: EUR 115.3 million).

Key Points: 
  • As of December 31, 2022 OLB’s result after taxes increased by 71.5% to EUR 197.7 million (previous year: EUR 115.3 million).
  • With these strong financial figures, OLB is among the most efficient universal banks not just in Germany, but also at a European level.
  • Against the backdrop of our successful development and good prospects, we are raising our earnings and return targets,” says Stefan Barth, CEO of OLB.
  • In terms of financial ratios, OLB is aiming for European best-in-class returns on a sustained basis.

EQS-News: OLB very successfully places first issue of a senior preferred bond in the amount of EUR 350 million

Retrieved on: 
Thursday, February 2, 2023
Moody's Investors Service, UniCredit, OLB, Oldenburgische Landesbank, Barclays, Deutsche Bank, Goldman Sachs, BNP, Security (finance), BAA2

Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base.

Key Points: 
  • Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base.
  • The three-year bond with a volume of 350 million euros was very well demanded by investors and exceeded expectations.
  • The inaugural bond was widely distributed among more than 70 investors.
  • "With the successful senior preferred issue, we have set another successful milestone in our capital market presence.

EQS-News: OLB presents nine months results and continues its successful course

Retrieved on: 
Sunday, November 27, 2022
Degussa Bank, COVID-19, CFO, Environment, Bank, Private, European Central Bank, Corporation, Risk, BAA2, Moody's Investors Service, Oldenburgische Landesbank, RWA, Tax, Common equity, OLB, NPL, Wiley Post Model A, Return, Acquisition, EUR

Oldenburgische Landesbank AG ("OLB" or the "Bank") continued its successful business performance in the first nine months of 2022.

Key Points: 
  • Oldenburgische Landesbank AG ("OLB" or the "Bank") continued its successful business performance in the first nine months of 2022.
  • OLBs net profit grew by 50 percent to EUR 140.3 m (previous year: EUR 93.5 m).
  • In what is a very challenging environment for all financial institutions, we are on course to achieve our medium-term targets.
  • OLB was able to reduce its operating expenses by around 14 percent to EUR 185.2 m (previous year: EUR 215.0 m).