Measures to strengthen NordLB’s capital position

Briefing 14-02-2019

This briefing for the attention of the Members of the Banking Union Working Group summarises publically available information on Norddeutsche Landesbank (NordLB) regarding (i) its activities, ownership, supervision, and recent performance, (ii) the 2018 stress test results and capital position, (iii) the 2012 State Aid decision and performance during the restructuring period, (iv) NordLB’s core problem: the shipping portfolio, (v) NordLB’s recent attempts to strengthen its capital position, and (vi) the BRRD framework.