logo
Wochtihge Kennzahlen Geschäftsbericht Q3 2025 auf Englisch

, 0.17 MB

OLB remains well on track after nine months

Result before taxes as of 30 September 2025 rises to EUR 271.8 million

Oldenburg, 13.11.2025

Summary

  • Result before taxes as of 30 September 2025 rises to EUR 271.8 million

  • Operating income remains on a continuous growth trajectory

  • Efficiency improved through consistent cost management

  • Conservative risk management proves its value in a volatile environment

  • Preparations for transition to the future owner

OLB continued its dynamic business development in the first nine months of 2025. Due to sustained profitable growth in both business segments, Private & Business Customers and Corporates & Diversified Lending, the Bank increased its operating result by 14.8% to EUR 309.8 million (m) as of 30 September 2025 (previous year: EUR 269.9 m). The result before taxes rose by 6.6% to EUR 271.8 m (previous year: EUR 255.0 m). The previous year’s result included earnings effects from the Degussa Bank transaction totalling EUR 6.7 m. This one-off effect was compensated in the current year by growth in customer business. “In the first three quarters of 2025, we once again demonstrated our high earnings power and cost efficiency,” says Stefan Barth, CEO of OLB. “With this strong performance, we are well on track to achieve our ambitious targets for the fiscal year 2025.”


Expansion of customer business


Serving approximately one million customers nationwide, OLB has expanded its operating business. The loan volume grew to EUR 25.9 billion (bn) in the reporting period (31 December 2024: EUR 25.4 bn) and consisted of about 50% from each of the two business segments. Around two-thirds of the loans in the Private & Business Customers segment are private mortgage loans in Germany. The total volume of private mortgage loans as of 30 September 2025 rose to EUR 11.0 bn (previous year: EUR 8.3 bn)1, of which around EUR 1.6 bn was attributable to the cooperation with the Tulp platform in the Netherlands. In the Corporates & Diversified Lending segment, in addition to the traditionally strong Corporate Customer segment, specialised lending, particularly in the areas of Acquisition Finance, Football Finance and International Diversified Lending, continued to be a key driver of growth.


Customer deposits increased to EUR 22.6 bn (31 December 2024: EUR 22.3 bn). In addition to customer deposits as its largest source of refinancing, refinancing via the capital market remains a significant instrument for OLB. Following its debut in spring 2025, the Bank recently priced its second residential mortgage-backed securities (RMBS) bond at a benchmark level of EUR 500 m with a diversified institutional investor base across Europe.


Net interest income rose significantly to EUR 481.0 m (previous year: EUR 437.1 m). The net interest margin remained at a high level of 2.49% (previous year: 2.58%). Net commission income was improved to EUR 104.3 m (previous year: EUR 99.7 m) mainly driven by a strong securities business and higher commission income from loan business in the Corporates & Diversified Lending segment.


As a result of its consistent cost management, OLB was able to reduce operating expenses by 10.1% to EUR 247.3 m (previous year: EUR 275.2 m). Personnel expenses were up slightly to EUR 134.1 m (previous year: EUR 131.6 m). Non-personnel expenses were significantly reduced to EUR 113.1 m (previous year: EUR 143.5 m). The cost-income ratio decreased to 44.4% (previous year: 50.5%). “With the active and sustainable reduction of our cost base, we have accomplished what we set out to do. This has created a solid foundation for us to successfully continue our profitable growth course in the future,” says Dr Rainer Polster, CFO of OLB.


Conservative risk management proves its worth in difficult market environment


The Bank’s deliberately conservative risk management approach proved once again resilient even against the backdrop of a market environment characterised by strong economic pressure. Risk provisions for loan business remained below the previous year’s level at EUR 34.7 m (previous year: EUR 48.7 m). Risk costs were at 18 basis points in the reporting period (previous year: 31 basis points).

In total, OLB generated a result before taxes of EUR 271.8 m (previous year: EUR 255.0 m). The result after taxes of EUR 188.2 m was slightly below the previous year’s level of EUR 195.4 m, mainly due to valuation effects from the Degussa Bank transaction amounting to EUR 12.4 m, which were included in the previous year’s figures. The reported return on equity after taxes reached 13.5%. Adjusted, the return on equity was 15.0% (previous year normalised: 15.7%).2


Capital ratios well above requirements


OLB’s capital and liquidity positions remain comfortable and are characterised by the Bank’s own strength in capital generation. The Common Equity Tier 1 ratio increased to 14.4% (31 December 2024: 13.1%) and was thus well above both the regulatory requirement of 9.4% and the Bank’s strategic mid-term target of at least 12.25%. At 19.0% (31 December 2024: 18.0%), the total capital ratio also significantly exceeded the regulatory requirement of 14.0%.


Outlook: Transition to future owner


OLB is preparing for the transition to TARGO Deutschland GmbH. In compliance with all antitrust and competition law requirements, both companies are working together to ensure a smooth transition immediately after the expected closing. The sale of the Bank’s entire share capital to TARGO Deutschland GmbH, a subsidiary of France’s Crédit Mutuel Alliance Fédérale, agreed by OLB’s shareholders in March 2025, is still pending approval by the supervisory authorities.


In tabular form in the following PDF:

  • Income Statement

  • Selected balance sheet items

  • Capital and liquidity

(PDF, 269.54 kB)

About OLB

OLB is a widely diversified universal bank with a nationwide presence and more than 150 years of experience in the core region of north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, the Bank advises its approximately 1 million customers in the Private & Business Customers and Corporates & Diversified Lending segments in person and via digital channels. OLB has total assets of more than EUR 30 billion, making it a significant financial institution in Europe.

Feel free to visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.

Contact

Sandra Büschken

Sandra Büschken

Marthe Schepker

Marthe Schepker

Matthias Obst

Matthias Obst

Britta Silchmüller

Britta Silchmüller

Timo Cyriacks

Timo Cyriacks

Disclaimer

This information does not contain any offer to acquire or subscribe for securities, nor should it be construed as an invitation to do so. The opinions expressed herein reflect our current assessment, which is subject to change even without prior notification.

The information contained in this presentation includes financial and similar information which is neither audited nor finally reviewed and should be considered preliminary and subject to change. Likewise, this document does not, either in whole or in part, constitute a sales prospectus or any other stock exchange prospectus. The information contained in this document therefore merely provides an overview and should not form the basis of an investor’s potential decision to purchase or sell the securities.

This document has been prepared and published by Oldenburgische Landesbank AG, Oldenburg. The information has been carefully researched and is based on sources deemed to be reliable by Oldenburgische Landesbank AG. However, the information may no longer be up-to-date and may be obsolete by the time you receive this document. Furthermore, it cannot be ensured that the information is correct and complete. Oldenburgische Landesbank AG therefore assumes no liability for the contents of the information.

In addition, this document contains various forward-looking statements and information based on the management’s beliefs and on assumptions and information currently available to the management of Oldenburgische Landesbank AG. Considering the known and unknown risks associated with the business of Oldenburgische Landesbank AG as well as uncertainties and other factors, the future results, performances and outcomes may differ from those deduced from such forward-looking or historical statements. The forward-looking statements speak only as of the date of this document. Oldenburgische Landesbank AG expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements to reflect any change in its expectations with regard thereto or any changes in events, conditions or circumstances on which any forward-looking statements are based. Any persons receiving this document should not give undue influence to such historical statements and should not rely on such forward-looking statements.

This document also contains certain financial measures that are not recognized under IFRS or German GAAP (“HGB”). These alternative performance measures are presented because Oldenburgische Landesbank AG believes that they and similar measures are widely used in the markets in which it operates as a means of evaluating its operating performance and financing structure. They may not be comparable to other similarly titled measures of other companies and are not measurements under IFRS, HGB or other generally accepted accounting principles.