Bremer Kreditbank (BKB) and the Oldenburgische Landesbank (OLB) have decided to merge and will in future operate under the single brand OLB. This was announced by the group on the 14 August 2018, after the respective annual general meetings of BKB and OLB.
“The merger offers many advantages: OLB can focus more on the needs of its customers, which means that customers can become even more competent, faster and better. The bank is participating in the dynamic change of the market and will become more profitable in the long term,” said Axel Bartsch, chairman of OLB’s Supervisory Board.
Preparatory measures for the merger, in particular a common technical platform, are already well advanced. The Federal Financial Supervisory Authority (Bafin) is informed about the merger for which formal registration is still pending.
In future, the strengths of the individual institutes will be combined. Bankhaus Neelmeyer, which BKB has already bought in 2016, will continue to exist under this name. Nationwide, the group will henceforth appear under one roof with the two names OLB and Bankhaus Neelmeyer. The focus is on the four core fields, which also reflect the previous business models of the individual companies: corporate and corporate customers, specialist financing, private and business customers as well as private banking / wealth management.
