The new NordLB boss wants to finance more renewable energies.
(Photo: East German Banking Association)
Frankfurt If the economy slumps in the current year, NordLB is in danger of slipping into the red again. “In the event of a severe recession, our profit target for this year would of course be in danger,” CEO Jörg Frischholz told Handelsblatt.
However, the banker does not fear a serious crisis: “Our scenario calculations show that we would not get into serious difficulties as a result.” In 2021, the Hannoveraner Landesbank made a small profit again after three years of losses.
Read the interview here:
Mr. Frischholz, you are starting out in difficult times. The corona pandemic is not over yet, and there is a risk of further burdens from the war in Ukraine and the turnaround in interest rates. What impact does this have on NordLB?
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