LBS Landesbausparkasse NordOst
in Germany 🇩🇪
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About LBS Landesbausparkasse NordOst in Germany
LBS Landesbausparkasse NordOst is a German public sector building and loan association (Landesbausparkasse) specializing in building savings contracts (Bausparverträge) and residential mortgage financing. Formed through the merger of LBS Ostdeutsche Landesbausparkasse AG and LBS Bausparkasse Schleswig-Holstein-Hamburg AG on January 1, 2023, it is the largest regional building savings bank in Germany by geographic coverage, serving seven federal states across northern and eastern Germany.
As of 2023, the institution had total assets of approximately 8.85 billion EUR, a combined building savings contract portfolio of 38 billion EUR, and ranks as Germany's 111th largest bank overall and 3rd largest public sector building and loan association.