Degussa Bank

EQS-News: OLB presents strong set of record results

Retrieved on: 
Wednesday, March 13, 2024
CFO, Acquisition, Pressure, Investment, Risk management, Bank, Moody's Investors Service, Risk, Private, IPO, Federal Financial Supervisory Authority, OLB, Central bank, European Central Bank, Corporation, Tax, Nicolaes Tulp, Degussa Bank, Face, ECB

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
Degussa Bank, Acquisition, P-2, Growth, OLB, BCA, CFO, Moody's Investors Service, Security (finance)

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 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.

Taulia and Mastercard partner to launch virtual card B2B payments solution

Retrieved on: 
Tuesday, November 21, 2023
Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Digital Cash Management, Digital Assets, Software, B2B, Senior, HSBC, SAP, Degussa Bank, Commerce, Multimedia, Mastercard, SAP ERP, SAP S/4HANA, Automation, DCI Global Partnerships, Partnership, ERP, Friction, Cryptocurrency, Taulia, Segment

Taulia, a leading provider of working capital management solutions, has partnered with Mastercard to launch Taulia Virtual Cards.

Key Points: 
  • Taulia, a leading provider of working capital management solutions, has partnered with Mastercard to launch Taulia Virtual Cards.
  • The new solution provides businesses with additional working capital management advantages, including the ability to maximize cash flow and minimize payment uncertainty.
  • Taulia customers will benefit through their existing issuer relationships, meaning customers can deploy virtual cards and extend the current benefits offered by their own banks through Taulia, while also enjoying the speed, controls, and efficiency of virtual card payments.
  • Through the tightly integrated virtual card experience, businesses benefit from greater spend control and more options to pay suppliers efficiently.

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 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).

DGAP-News: OLB continues its successful growth strategy by acquiring Degussa Bank

Retrieved on: 
Wednesday, September 14, 2022
YouTube, Oldenburgische Landesbank, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, OLB, Management, Acquisition, Partnership, Degussa Bank, CEO, Instagram, CET, EUR, EPS, Board, Roe, Corporate bond, Security (finance), Risk management, Bank, Facebook

Degussa Bank also adds to OLBs capabilities with its innovative digital banking shop technology and its corporate partnership proposition.

Key Points: 
  • Degussa Bank also adds to OLBs capabilities with its innovative digital banking shop technology and its corporate partnership proposition.
  • The planned acquisition of Degussa Bank is another milestone on our profitable growth path, says Stefan Barth, CEO of OLB.
  • Dr Christian Olearius, one of the main shareholders of Degussa Bank, says: The decision to sell Degussa Bank was not taken easily by the owners.
  • By acquiring Degussa Bank, OLB follows its long-term strategy of complementing organic growth with targeted acquisitions.