EQS-News
Moody's upgrades OLB's ratings, reflecting strengthened financial profile and outlook - Seite 2
The affirmation of OLB's short-term deposit and issuer ratings at P-2 is in line with the upgrade of the corresponding long-term ratings, underscoring Moody's confidence in the bank's stability and creditworthiness.
Looking ahead, the stable outlook on OLB's ratings reflects Moody's expectation of continued fundamental strength, supported by prudent risk management practices and adequate liquidity buffers. Factors that could lead to further upgrades include sustained improvements in profitability and capitalization, while potential downside risks include a pronounced decline in asset quality given the challenging macroeconomic environment or the unlikely event that the planned synergies from the Degussa Bank acquisition will not be archived.
OLB remains committed to delivering value to its customers and stakeholders while maintaining a strong financial foundation. The upgraded ratings are testament to OLB's resilience and strategic vision in navigating dynamic market conditions.
About OLB
Oldenburgische Landesbank AG is a profitable and growing universal bank for private and corporate customers in Germany and neighbouring European countries. Under its OLB Bank and Bankhaus Neelmeyer brands, OLB advises its more than 660.000 customers in person and via digital channels in its Private & Business Customers and Corporates & Diversified Lending segments. The Bank has about EUR 25 bn of total assets.
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Feel free to visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.
Contacts: | Your contact persons: |
Oldenburgische Landesbank AG Investor Relations Theodor-Heuss-Allee 108 60486 Frankfurt am Main / Germany Phone +49 (0)69 756193-0 investor.relations@olb.de |
Sandra Büschken Phone +49 (0)69 756193-36 sandra.bueschken@olb.de |
Oldenburgische Landesbank AG Corporate Communications & Investor Relations Stau 15/17 26122 Oldenburg Fax: +49 (0)441 221-2425 |