Oldenburgische Landesbank AG
General | General InformationGeneral Information
| Company name | Oldenburgische Landesbank AG |
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| Company website | www.olb.de | |
| Number of employees | 500 - 4.999 | |
| Reporting year | 2022 | |
| Indicator set | GRI SRS | |
| Directly affected by the disclosure of non-financial and diversity information | Yes and check compliance statement with CSR reporting obligation | |
| Reporting on EU taxonomy | subject to the reporting obligation and reporting according to EU taxonomy | |
| Contact |
Head of Sustainability
Holger Sandker Stau 15/17 26122 Oldenburg Germany +49 (0)441 221 1568 +49 (0)441 221 2433 holger.sandker@olb.de; sustainability@olb.de |
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Describe your business model (including type of company, products / services)
We, Oldenburgische Landesbank AG (OLB), are a financial institution rooted in Northern Germany. We serve our customers across Germany through our OLB Bank and Bankhaus Neelmeyer (BHN) brands. We pursue a multi-channel approach for private and business clients, provide solutions for small and medium-sized enterprises (SMEs) in our local region, and combine our regional branch offering with a nationwide digital presence. In our larger-volume corporate client segment, we operate throughout Germany and, selectively, in other European countries as well. In the area of export financing, we are active worldwide. Moreover, we exploit growth opportunities with an expected attractive risk/return profile in a targeted fashion in specific areas of finance, such as Acquisition Finance and Commercial Real Estate Finance. We have many long-term customer relationships and a diversified credit portfolio, in terms of volumes and sectors. Our capital resources comprise almost EUR 1.3 billion of Common Equity Tier 1 capital as of 31 December 2022.
For management purposes, we divide our business activities into two business segments in terms of our target customers, products and services as well as from a procedural point of view:
Business with private customers and regional small and medium-sized enterprises (SMEs) have are included in our Private & Business Customer (PBC) segment. We offer these clients professional advisory and support services via our centrally managed network of branches and our Central & Digital Sales (CDS) department. At the same time, customers are also able to directly access products and services via online and mobile banking channels. We thus combine a branch presence in our core Weser-Ems region with the offering of a digital banking platform throughout Germany, together with distribution partners and a brokerage business. Our service offering comprises current accounts and credit cards, online and mobile banking (via our OLB banking app), instalment loans, residential construction financing and private investments. In addition, we offer insurance brokering and assistance with residential real estate purchases and sales. This business segment also includes Private Banking & Wealth Management, we operate under the Bankhaus Neelmeyer brand.
Higher-volume corporate business, including Football Finance and Acquisition Finance comprising Fund Finance, International Diversified Lending and Commercial Real Estate, have been combined in the Corporates & Diversified Lending (CDL) segment. This business segment is supplemented by Wind Power Finance. The offering in these areas is characterised by individually tailored solutions, larger transaction sizes and a higher level of advisory processes and servicing.
For management purposes, we divide our business activities into two business segments in terms of our target customers, products and services as well as from a procedural point of view:
Business with private customers and regional small and medium-sized enterprises (SMEs) have are included in our Private & Business Customer (PBC) segment. We offer these clients professional advisory and support services via our centrally managed network of branches and our Central & Digital Sales (CDS) department. At the same time, customers are also able to directly access products and services via online and mobile banking channels. We thus combine a branch presence in our core Weser-Ems region with the offering of a digital banking platform throughout Germany, together with distribution partners and a brokerage business. Our service offering comprises current accounts and credit cards, online and mobile banking (via our OLB banking app), instalment loans, residential construction financing and private investments. In addition, we offer insurance brokering and assistance with residential real estate purchases and sales. This business segment also includes Private Banking & Wealth Management, we operate under the Bankhaus Neelmeyer brand.
Higher-volume corporate business, including Football Finance and Acquisition Finance comprising Fund Finance, International Diversified Lending and Commercial Real Estate, have been combined in the Corporates & Diversified Lending (CDL) segment. This business segment is supplemented by Wind Power Finance. The offering in these areas is characterised by individually tailored solutions, larger transaction sizes and a higher level of advisory processes and servicing.