Oldenburgische Landesbank

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Oldenburgische Landesbank AG
TypePublic
IndustryFinancial services
PredecessorOldenburgische Spar- und Leihbank Edit this on Wikidata
Founded1869
Headquarters
Oldenburg (city)
,
Germany
Number of employees
2,154
Websiteolb.de
Logo until August 2019

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

OLB was founded in 1869 by the Frankfurt bank Erlanger & Söhne with the privilege of issuing banknotes. 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 (comprising Osnabrück Land, Emsland, County of Bentheim, East Frisia, Ammerland, Friesland, Oldenburg (Oldenburg), and Oldenburg Münsterland), as well as Bremen (since 1 July 2009), Bremerhaven (since 4 October 2010) and Verden (since 4 April 2011). Its first branch in North Rhine-Westphalia opened 7 November 2011 in Rheine.[1]

Currently, OLB has 127 branches offering personal advice and 40 self-service branches (as of 31 December 2019). The bank has announced that it will bundle its advisory services at larger locations, which will lead to smaller branches being closed or converted to self-service branches in the medium to long term, while at the same time further expanding the contact channels telephone and internet.[2]

On 23 June 2017, Bremer Kreditbank AG acquired a majority stake in OLB from Allianz. Bremer Kreditbank was a portfolio company of the private equity firm Apollo.[3][4] The parent company Bremer Kreditbank was merged with OLB in 2018.

Board of Managing Directors[]

  • Wolfgang Klein (Chairman)
  • Stefan Barth
  • Karin Katerbau
  • Hilger Koenig
  • Rainer Polster

References[]

  1. ^ Westfälische Nachrichten: OLB eröffnet Filiale in Rheine[permanent dead link] Beitrag 7. November 2011, retrieved, 11 February 2012
  2. ^ "Privatkundengeschäft der Olb: Weniger Filialen, längere Beratungszeiten".
  3. ^ "Allianz sells stake in Oldenburgische Landesbank AG - Press | Allianz". www.allianz.com. Retrieved 2018-02-17.
  4. ^ "Allianz sells private bank OLB to Apollo for 300 million euros". Reuters. 23 June 2017. Retrieved 2018-02-17.

External links[]


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