In the course of these consultations with the relevant supervisory authorities
it became clear today that, due to the complexity of the proceedings and mutual
interdependencies, due to the necessity of consent by the EU Commission, which
has not yet been granted, due to the necessity of parlamentary proceedings in
the States and also due to the steps required with respect to the regulatory
proceedings, the implementation of the capital measures previously envisaged
for the 3rd�quarter of 2019 may only be effected in the 4th quarter
of 2019.
NORD/LB is in close contact with the relevant supervisory authorities on an
ongoing basis also with respect to this adjustment of the previous timing and
the resulting delay in implementing the capital measures.
On this basis, taking into account the continuous progress made in the overall
process of realigning NORD/LB, NORD/LB’s Management Board expects that the
capital injection and the implementation of further capital measures will be
effected in the 4th quarter of 2019.
By implementing these capital strengthening and realignment measures, the
capital ratios of NORD/LB currently failing to meet the regulatory minimum
requirements will significantly increase and comply with all regulatory requirements.
Norddeutsche Landesbank – Girozentrale – Friedrichswall 10 30159 Hanover Germany |
A full list of securities issues directly placed with investors by NORD/LB is available on NORD/LB’s website at: https://www.nordlb.de/die-nordlb/investor-relations/investoreninformationen/aktuelles |
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