Oldenburgische Landesbank AG (OLB) is a private financial institution based in the northwest of Germany. Its headquarters are in

Oldenburg Oldenburg may also refer to: Places *Mount Oldenburg, Ellsworth Land, Antarctica *Oldenburg (city), an independent city in Lower Saxony, Germany **Oldenburg (district), a district historically in Oldenburg Free State and now in Lower Saxony *Olde ...

. OLB was founded in 1869 by the Frankfurt bank Erlanger & Söhne with the privilege of issuing banknotes. Their first director was

Lorenz Zuckermandel Lorenz Zuckermandel (18 February 1847 – 6 January 1928) was a German banker, investor, founder and translator, among other things, of Dante Alighieri's Divine Comedy. Thanks to his many talents, he worked his way from being the poor son of a ...

. The business areas of the universal bank today include private clients business including private banking and wealth management, corporate and commercial clients business, specialized lending, for example in the area of commercial real estate or acquisition financing, and also the brokerage of real estate, building society contracts and insurance. OLB maintains a wide network of locations, which focuses on the northwestern part of Germany, known as

Weser-Ems The Regierungsbezirk Weser-Ems was the most westerly of the four administrative regions of Lower Saxony, Germany, bordering on the Dutch provinces of Groningen, Drenthe and Overijssel. It was established in 1978 by merging the former regions Osnab ...

(comprising

Osnabrück Land Osnabrück Land (german: Osnabrücker Land) is a region in southwest Lower Saxony in Germany, which extends into the state of North Rhine-Westphalia. Its centre is the city of Osnabrück. The region is dominated by the Teutoburg Forest and the Ri ...

Emsland Landkreis Emsland () is a district in Lower Saxony, Germany named after the river Ems. It is bounded by (from the north and clockwise) the districts of Leer, Cloppenburg and Osnabrück, the state of North Rhine-Westphalia (district of Steinfur ...

County of Bentheim The County of Bentheim (''Grafschaft Bentheim'', Low German ''Benthem'') was a state of the Holy Roman Empire, located in the south-west corner of today's Lower Saxony, Germany. The county's borders corresponded largely to those of the modern adm ...

East Frisia East Frisia or East Friesland (german: Ostfriesland; ; stq, Aastfräislound) is a historic region in the northwest of Lower Saxony, Germany. It is primarily located on the western half of the East Frisian peninsula, to the east of West Frisia ...

, Ammerland,

Friesland Friesland (, ; official fry, Fryslân ), historically and traditionally known as Frisia, is a province of the Netherlands located in the country's northern part. It is situated west of Groningen, northwest of Drenthe and Overijssel, north of ...

Oldenburg (Oldenburg) Oldenburg () is an independent city in the state of Lower Saxony, Germany. The city is officially named Oldenburg (Oldb) (''Oldenburg in Oldenburg'') to distinguish from Oldenburg in Holstein. During the French annexation (1811–1813) in th ...

, and

Oldenburg Münsterland The Oldenburg Münsterland, otherwise called Oldenburger Münsterland or Oldenburgisches Münsterland, is a region in Lower Saxony, Germany and the administrative area that comprises the federal districts of Cloppenburg and Vechta. Unofficially, ...

), as well as Bremen (opened 1 July 2009), and previously Bremerhaven (opened 4 October 2010) and Verden (opened 4 April 2011). Its first branch in

North Rhine-Westphalia North Rhine-Westphalia (german: Nordrhein-Westfalen, ; li, Noordrien-Wesfale ; nds, Noordrhien-Westfalen; ksh, Noodrhing-Wäßßfaale), commonly shortened to NRW (), is a States of Germany, state (''Land'') in Western Germany. With more tha ...

opened 7 November 2011 in

Rheine Rheine () is a city in the district of Steinfurt in Westphalia, Germany. It is the largest city in the district and the location of Rheine Air Base. Geography Rheine is on the river Ems, approx. north of Münster, approx. west of Osnabrück a ...

. Currently, OLB has 40 branches offering personal advice and 16 self-service branches (as of 31 December 2022). The bank bundles its advisory services at larger locations, the 16 so called centres of competence throught Northwestern Germany, while at the same time further expanding the contact channels telephone and internet. OLB has reorganised its business activities with regard to target customers, products and services as of 2022. The first main pillar is the system bank business with private customers and regional business with small and medium-sized corporate customers. Here, the bank focuses on a multi-channel approach in combination with regional branch networks and a nationwide digital presence. The services offered are based on lean and automated processes. This kind of bank business has been assigned to the new "Private & Business Customers" business segment since 2022. The second pillar of the business model is the more manufacturing business. This includes the larger-volume corporate business, football financing and specialized lending with a focus on acquisition financing and commercial real estate financing. The focus here is on an individually tailored profile, larger individual transactions and a greater use of resources in advisory and processing services in order to achieve higher margins. The activities assigned to this kind of bank business have been combined in the "Corporates & Diversified Lending" business segment since 2022. On 23 June 2017, Bremer Kreditbank AG acquired a majority stake in OLB from

Allianz Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The ...

. Bremer Kreditbank was a portfolio company of the private equity firm

Apollo Apollo, grc, Ἀπόλλωνος, Apóllōnos, label=genitive , ; , grc-dor, Ἀπέλλων, Apéllōn, ; grc, Ἀπείλων, Apeílōn, label=Arcadocypriot Greek, ; grc-aeo, Ἄπλουν, Áploun, la, Apollō, la, Apollinis, label= ...

. The parent company Bremer Kreditbank was merged with OLB in 2018.

Board of Managing Directors

* Stefan Barth (Chairman) * Dr. Rainer Polster * Chris Eggert * Aytac Aydin * Marc Ampaw * Giacomo Petrobelli

References

External links

OLB

OLB
-

BaFin The Federal Financial Supervisory Authority (german: Bundesanstalt für Finanzdienstleistungsaufsicht, Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It ...

* Former central banks Companies based in Lower Saxony Oldenburg Land Banks established in 1868 1860s establishments in the Grand Duchy of Oldenburg German companies established in 1868 {{Germany-bank-stub