trending Market Intelligence /marketintelligence/en/news-insights/trending/zgqugnubq8xcnxqwhdqn1a2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

German regional lenders, including NordLB, closer to merging

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


German regional lenders, including NordLB, closer to merging

The head of the German savings bank association foresees a merger between several regional landesbanken, a move that would create the country's second-largest bank, Bloomberg News reported.

Media reports had suggested that Norddeutsche Landesbank Girozentrale, or NordLB, could merge with Landesbank Hessen-Thüringen Girozentrale, or Helaba, after which they would combine with Landesbank Baden-Württemberg, DekaBank Deutsche Girozentrale and Berlin Hyp AG.

Helmut Schleweis, the president of the DSGV association, said "five landesbanken is too many" and that a tie-up could happen, Bloomberg reported.

The banks in question held combined assets worth approximately €682 billion as of the end of 2017 — significantly higher than Germany's second-largest bank Commerzbank AG.