Moody's upgrades OLB's ratings, concluding review for upgrade
Testament to strong and continued track record
Summary
Long-term bank deposit, senior unsecured and long-term issuer ratings improved to A3 from Baa1 with positive outlooks
Rating action concludes the review for upgrade initiated on 21 March 2025
Following the closing of the acquisition of OLB by Crédit Mutuel Alliance Fédérale via the holding company TARGO Deutschland GmbH, which is owned by Banque Fédérative du Crédit Mutuel, Moody’s upgrades OLB’s long-term deposit, senior unsecured, and long-term issuer ratings to A3 from Baa1.
Since 21 March 2025 OLB’s ratings were on review for upgrade. Today, Moody’s resets the outlooks to ‘positive’, reflecting the confidence in OLB's strong financial position and its demonstrated resilience in asset quality in a challenging economic environment.
"This is testament to our strong and continued track record," says Dr Rainer Polster, CFO of OLB. "The upgrade confirms the success of our strategic initiatives and is also considering the fact that OLB is now part of the strong Crédit Mutuel Alliance Fédérale banking group."
Looking ahead, the positive outlook on OLB's ratings reflects Moody's expectation of continued fundamental strength, supported by prudent risk management practices, high profitability and adequate liquidity buffers, all remaining in OLB’s strategic focus. Thus, the Bank is committed to delivering value to its customers and stakeholders.
About OLB
OLB is a universal bank with a nationwide presence in Germany and more than 150 years of history in north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, it serves around one million customers in the two strategic business areas of Private & Business Customers and Corporates & Diversified Lending, both in person and via digital channels. The institution has a network of 80 branches nationwide and employs around 1,700 people.
With total assets of over EUR 30 billion, OLB became a significant financial institution at the beginning of 2025 and has since been directly supervised by the European Central Bank. Since January 2026, OLB has been part of TARGO Deutschland GmbH and is thus part of the cooperative Crédit Mutuel Alliance Fédérale, one of the largest and financially strongest banking groups in Europe.
Feel free to visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.
Contact
Marthe Schepker
Phone: +49 (0)441 221 2742
E-Mail: marthe.schepker@olb.de
Matthias Obst
Phone: +49 (0)69 756193 44
E-Mail: matthias.obst@olb.de
Britta Silchmüller
Phone: +49 (0)441 221 1213
E-Mail: britta.silchmueller@olb.de
Timo Cyriacks
Phone: +49 (0)441 221 1781
E-Mail: timo.cyriacks@olb.de