Bremer Kreditbank AG completed its acquisition of a roughly 90.2% additional stake in Oldenburgische Landesbank AG from Allianz Group unit Allianz Deutschland AG after the deal gained regulatory approval.

The deal brings Bremer Kreditbank's shareholding to about 95.3%. OLB will also be a part of BKB Banking Group, which includes Bankhaus Neelmeyer AG.