Oldenburgische Landesbank

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

Oldenburgische Landesbank AG
TypePublic
IndustryFinancial services
PredecessorOldenburgische Spar- und Leihbank 
Founded15 January 1869
Headquarters
Oldenburg
,
Germany
Number of employees
2,019
Websiteolb.de
Logo until August 2019

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 75 branches offering personal advice and 94 self-service branches (as of 31 December 2020). The bank bundles 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
  • Stefan Barth (Chairman)
  • Aytac Aydın
  • Marc Ampaw
  • Rainer Polster

References
  1. Westfälische Nachrichten: OLB eröffnet Filiale in Rheine 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.


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