Oldenburgische Landesbank AG
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Oldenburgische Landesbank AG - overview
Established
1869
Location
Oldenburg, -, Germany
Primary Industry
Financial Services
About
Based in Germany, Oldenburgische Landesbank AG functions primarily as a retail bank, providing financial services and advisory solutions to both private customers and businesses. Oldenburgische Landesbank AG, founded in 1869, specializes in retail banking operations. The bank is headquartered in Oldenburg, Germany, and is known for providing tailored financial products. As of March 19, 2025, OLB is set to be fully acquired by Credit Mutuel Equity, enhancing its operational strength in Germany.
The firm has engaged in 2 significant deals, the most recent being an ADD-ON and a Public to Private round, raising EUR 300. 00 mn with Bremer Kreditbank AG as the investor. The bank's current CEOs are Jonathan Krüger and Stefan Barth. OLB offers a comprehensive range of banking products and services primarily focused on retail banking and financial advisory for private customers.
Their core offerings include various current accounts such as the smart-Girokonto, investment products like term deposits and asset management services, as well as mortgage financing options. Customers can access tailored advisory services through physical branches, video consultations, or telephone support, catering to a diverse clientele in Germany. In 2023, OLB reported a revenue of EUR 531,888,783. 20 and an EBITDA of EUR 380,245,277.
80. The bank generates revenue primarily through interest income from loans, fees for account management, and commissions from investment services, ensuring a robust financial structure that meets the needs of individual and corporate clients. In March 2025, Oldenburgische Landesbank AG will transition to ownership under Credit Mutuel Equity, a move that is expected to strengthen its market position in Germany and drive its growth initiatives. With the new funding secured, OLB is poised to enhance its service offerings and expand its market reach, supporting upcoming product launches and strategic expansions in targeted regions.
Current Investors
Bremer Kreditbank AG
Primary Industry
Financial Services
Sub Industries
Retail Banks, Insurance
Website
www.olb.de
Verticals
FinTech, FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Oldenburgische Landesbank AG - timeline of key events
Oldenburgische Landesbank AG - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 373,700,000 | 372,700,000 | 370,300,000 | 352,900,000 | 331,300,000 | 328,405,806.2 | 315,122,407.8 | 312,123,554.8 | 390,015,612 | 432,655,373.2 | 500,496,096 | 545,790,494.8 | - | - | - |
| % Revenue Growth (YoY) | - | (0.3%) | (0.6%) | (4.7%) | (6.1%) | (0.9%) | (4.0%) | (1.0%) | 25.0% | 10.9% | 15.7% | 9.0% | - | - | - |
| EBITDA (USD) | (149,800,000) | (214,600,000) | (166,600,000) | (214,400,000) | (188,100,000) | 49,085,520.8 | 113,743,134.5 | 73,149,628.2 | 108,449,315.9 | 173,178,762.3 | 198,505,883.2 | 205,586,558.7 | - | - | - |
| Operating Income (USD) | (167,200,000) | (231,200,000) | (187,400,000) | (228,600,000) | (202,500,000) | 34,309,814.8 | 56,985,949.4 | 58,022,689.5 | 81,119,856.3 | 148,990,575.8 | 135,499,727.6 | 178,090,311.8 | - | - | - |
| Operating Margin | (44.7%) | (62.0%) | (50.6%) | (64.8%) | (61.1%) | 10.4% | 18.1% | 18.6% | 20.8% | 34.4% | 27.1% | 32.6% | - | - | - |
| % EBITDA Margin | (40.1%) | (57.6%) | (45.0%) | (60.8%) | (56.8%) | 14.9% | 36.1% | 23.4% | 27.8% | 40.0% | 39.7% | 37.7% | - | - | - |
| NET Income (USD) | 52,500,000 | 16,900,000 | 38,600,000 | 8,700,000 | 24,900,000 | 18,254,303 | 35,218,685.9 | 28,316,604.7 | 20,576,884.7 | 109,788,766.2 | 78,639,823.6 | 86,181,899.8 | - | - | - |
| % Net Margin | 14.0% | 4.5% | 10.4% | 2.5% | 7.5% | 5.6% | 11.2% | 9.1% | 5.3% | 25.4% | 15.7% | 15.8% | - | - | - |
Oldenburgische Landesbank AG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Secondary Buyout | Completed | Oldenburgische Landesbank AG | - | ||||||||
| Add-on | Announced | Degussa Bank AG | - | ||||||||
| Merger | Completed | Grovepoint | - | ||||||||
| Add-on, Public to Private | Completed | Oldenburgische Landesbank AG | - |
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Oldenburgische Landesbank AG - employee data
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