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 | 2023 | |
| 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, the Oldenburgische Landesbank AG (OLB), are a financial institution anchored in northern Germany serving clients nationwide under the two brands OLB Bank and Bankhaus Neelmeyer (BHN). We pursue a multi-channel approach within our business with private and corporate clients, which include small and medium-sized enterprises (SMEs), and combine regional branch networks with a national digital presence. We are active in larger-volume client businesses throughout Germany and selective other European nations, as well as in export financing worldwide. Additionally, we utilise targeted growth opportunities in special financing areas which demonstrate considerably attractive risk/return profiles, such as acquisition financing, football financing and international diversified lending. We have many long-standing customer relationships, a loan portfolio highly diversified in volume and sectors, as well as a capital base of over EUR 1.4 billion (bn) in hard core capital as of the 31st of December 2023.
We divide our business activities in regards to target customers, products, services and processes and management purposes into two main areas:
Business with private customers and regional SMEs is allocated to the "Private & Business Customers" (PBC) division. We offer these customers expert advice and support services via our centrally managed branch network and the Central & Digital Sales (CDS) division. Furthermore, products and services simultaneously remain directly available to customers via online and mobile banking. Consequently, we can combine the presence of a branch in the Weser-Ems core business region with the services offered by a digital bank operating throughout Germany, including partner sales and brokerage business. The services entail current accounts and credit cards, online banking and mobile banking (via the OLB Banking app), instalment loans, private construction financing and private investments. In addition to this, we offer insurance brokerage and assistance with the purchase and sale of private properties. This business division also includes the Private Banking & Wealth Management sector, which we operate under the brand Bankhaus Neelmeyer.
The "Corporates & Diversified Lending" (CDL) sub-segment blends larger-volume corporate businesses such as football financing, areas of acquisition financing including fund finance, international diversified lending and commercial property financing. This business area is also further supplemented by wind financing. The services offered by this business area are characterised by an individually tailored profile, larger individual transactions and greater use of resources in advisory and processing.
We divide our business activities in regards to target customers, products, services and processes and management purposes into two main areas:
Business with private customers and regional SMEs is allocated to the "Private & Business Customers" (PBC) division. We offer these customers expert advice and support services via our centrally managed branch network and the Central & Digital Sales (CDS) division. Furthermore, products and services simultaneously remain directly available to customers via online and mobile banking. Consequently, we can combine the presence of a branch in the Weser-Ems core business region with the services offered by a digital bank operating throughout Germany, including partner sales and brokerage business. The services entail current accounts and credit cards, online banking and mobile banking (via the OLB Banking app), instalment loans, private construction financing and private investments. In addition to this, we offer insurance brokerage and assistance with the purchase and sale of private properties. This business division also includes the Private Banking & Wealth Management sector, which we operate under the brand Bankhaus Neelmeyer.
The "Corporates & Diversified Lending" (CDL) sub-segment blends larger-volume corporate businesses such as football financing, areas of acquisition financing including fund finance, international diversified lending and commercial property financing. This business area is also further supplemented by wind financing. The services offered by this business area are characterised by an individually tailored profile, larger individual transactions and greater use of resources in advisory and processing.