Discover Oldenburgische Landesbank AG and Its Business

Oldenburgische Landesbank AG is a German bank that has been around for over 150 years. It's a cooperative bank, meaning it's owned by its customers and members.

The bank's headquarters is located in Oldenburg, Germany, and it has a strong presence in the region. Its history dates back to 1857, when it was founded as a savings bank.

Oldenburgische Landesbank AG offers a range of financial services, including corporate banking, private banking, and investment banking. Its business model is focused on serving the needs of local businesses and individuals.

The bank has a long history of stability and reliability, which has earned it a reputation as a trustworthy financial institution.

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We're a team of experts dedicated to providing you with the most accurate and up-to-date information about the Oldenburgische Landesbank. Our goal is to educate and inform, not to confuse or overwhelm.

The Oldenburgische Landesbank has a rich history dating back to 1857, when it was founded in the state of Oldenburg, Germany. We're passionate about sharing this history with you.

We're committed to helping you navigate the world of banking and finance, and we're proud to be a trusted resource for anyone looking to learn more about the Oldenburgische Landesbank.

We're a team of experts passionate about making a difference in people's lives. Our journey began in 2015 with a simple mission to provide accessible and reliable information.

We're headquartered in a small town in the United States, where we have a dedicated office space that fosters collaboration and creativity. Our team consists of 15 members, each with their own unique skill set and area of expertise.

We're driven by a desire to make complex information easy to understand, and we've developed a range of tools and resources to help people learn and grow. From interactive quizzes to in-depth guides, we're committed to providing high-quality content that meets the needs of our users.

Our team is made up of people from diverse backgrounds and industries, including education, healthcare, and technology. This diversity brings a wealth of knowledge and experience to the table, and helps us approach problems from multiple angles.

At the heart of our mission is the pursuit of excellence in the German financial industry. We strive to deliver internationally respectable returns that set a new standard for the market.

Our commitment to quality has earned us a prestigious investment grade status from the Moody’s rating agency, along with a positive outlook. This recognition is a testament to our dedication to responsible and sustainable financial practices.

We aim to achieve European best-in-class returns on a consistent basis, with a focus on efficiency. Our medium-term goals include maintaining a cost-income ratio of 40% or lower, a return on equity after tax in the range of 14% to 16%, and a Common Equity Tier 1 capital ratio of well above 12.25%.

We're a team of experts who understand the importance of a solid IT foundation. Our expertise lies in implementing platform banking strategies that streamline migration to containerized platforms and reduce operational costs.

We're proud of our ability to set up Kubernetes environments 99.5% faster, accelerating the application deployment process and ensuring scalability and adaptability to new technologies.

Oldenburgische Landesbank (OLB) is a reliable partner for its clients in the Private & Business Customers segment, providing wealth management services to high-net-worth customers through its Bankhaus Neelmeyer brand.

The bank serves customers both personally and via digital channels through its two renowned brands OLB and Bankhaus Neelmeyer. It has a strong local presence in Northwest Germany and in selected cities across Germany.

OLB has 40 branches in Northwest Germany, including 16 competence centres that serve as anchor points for personal customer relationship management services. These branches are a key part of its regional advisory services.

The bank's business is based on in-depth customer relationships established over a period of many years, particularly in Northwest Germany but also throughout Germany and neighboring countries. This approach has helped OLB build a strong reputation as a trusted partner for its clients.

OLB's national branch offices support major companies, project developers, and investors throughout Germany and neighboring countries, assisting them with the implementation of their projects.

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Oldenburgische Landesbank (OLB) prioritizes security and interoperability in its IT modernization efforts.

OLB's selective approach to IT modernization allows it to continue using Windows and Debian servers for specific operations, while migrating most applications to Rancher Prime and SLES.

This approach is driven by European regulatory standards requiring a robust exit strategy, and Rancher Prime's interoperability across various cloud platforms provides the flexibility to swiftly switch providers if needed.

Rancher Prime's consistent user experience regardless of the vendor is also pivotal for OLB's cloud strategy and regulatory compliance.

OLB is preparing to introduce NeuVector Prime into its production environment in March 2024, recognizing its unique technical approach to securing infrastructure from static and emerging threats.

NeuVector Prime's integration with an open source analysis tool ensures build-time protection for OLB's applications within the build pipeline, rejecting any builds when issues are detected.

Interoperability is crucial in today's complex IT landscape, and SUSE's dedication to open source and interoperability plays a key role in OLB's IT modernization.

OLB continues to migrate most applications to Rancher Prime and SLES, but strategically keeps using Windows and Debian servers for specific operations. This selective approach also applies to cloud environments like Genesys in AWS or Office 365 in Azure, which are assessed individually by OLB.

Harmonious operation of SUSE solutions with diverse systems is a significant advantage, according to Westphal. This is because Rancher Prime's interoperability across various cloud platforms allows for consistent user experience regardless of the vendor.

Rancher Prime equips OLB with the flexibility to swiftly switch providers if needed, fulfilling a crucial requirement driven by European regulatory standards. This exit strategy is a necessity, especially in the context of critical infrastructure relevance.

OLB's systems are considered to have critical infrastructure relevance, which means new regulations require its two data centers to be moved to 50 kilometers apart.

Securing infrastructure from threats is a top priority for any organization. NeuVector Prime is a tool that's making a significant impact in this area.

Unlike other tools, NeuVector Prime secures infrastructure from within the cluster and on the SLES nodes, providing a more intelligent approach to security. This allows it to efficiently scan all active workloads for new vulnerabilities and generate corresponding tickets.

OLB is one company that's recognized the value of NeuVector Prime, having introduced it into their production environment in March 2024. They've seen firsthand how it can fortify their security framework.

NeuVector Prime fortifies OLB's security framework primarily through two key functionalities. Its integration with an open source analysis tool ensures build-time protection for OLB's applications within the build pipeline.

This pre-deployment check guarantees compliance and security right from the build stage. NeuVector Prime identifies and blocks attack vectors like Log4j in live traffic, ensuring such threats don't reach their workloads.

NeuVector Prime is a comprehensive solution providing both runtime and build-time protection, and it's central to OLB's security strategy.

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Oldenburgische Landesbank has a management system in place, with a management score that assesses the robustness of their ESG programs, practices, and policies. Their management of ESG material risk is considered Average.

The bank's board of managing directors is comprised of six members: Stefan Barth (CEO), Dr Rainer Polster (CFO), Chris Eggert (CRO), Aytac Aydin (COO, Head of Retail), Marc Ampaw (CIO), and Giacomo Petrobelli (CIO).

Here is a list of the bank's board of managing directors:

The Oldenburgische Landesbank AG has a well-established management team, with Stefan Barth serving as the CEO. Stefan Barth is part of the Board of Managing Directors, which includes other key executives such as Dr Rainer Polster, Chris Eggert, Aytac Aydin, Marc Ampaw, and Giacomo Petrobelli.

The bank has a robust management structure, with a clear chain of command. The Board of Managing Directors oversees the bank's operations, ensuring that ESG issues are properly managed.

The management score of Oldenburgische Landesbank AG is Average, according to our assessment. This suggests that the bank's ESG programs, practices, and policies could be improved.

Here's a brief overview of the bank's management team:

The bank's management team is well-rounded, with a mix of experience and expertise. However, there may be opportunities for improvement in certain areas, such as ESG management.

OLB is gearing up for a merger with another German bank, which will bring new opportunities for modernization and integration. This merger will demand significant resources, but it will also allow OLB to containerize newly acquired applications and seamlessly integrate them into its infrastructure.

Maintaining regulatory compliance is a top priority for OLB, particularly with the upcoming Digital Operational Resilience Act (DORA) from the European Union. DORA's stringent cybersecurity measures will be enforced in 2025, and OLB is committed to adhering to these evolving standards.

OLB's partnership with SUSE is crucial in preparing the bank for this upcoming phase, as NeuVector Prime's advanced cybersecurity capabilities will be instrumental in aligning OLB's processes with DORA's new regulations. This proactive approach will ensure OLB's preparedness for the challenges ahead.

In its ongoing journey with SUSE, OLB is committed to continual innovation, efficiency, and strategic modernization. This commitment positions the bank to navigate the ever-evolving banking sector landscape confidently and agilely.

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AGs, or Aktiengesellschaften, are a type of corporation in Germany. They're essentially public companies that issue shares to the public.

Oldenburgische Landesbank AG, for example, is a private banking company that offers customized banking solutions to corporate and private customers. It's a type of AG that operates in the banking industry.

The bank's services include payment transactions, financing, and short- and long-term financial investments for its corporate customers. This forms a major portion of its revenue.

AGs like Oldenburgische Landesbank AG are subject to certain governance and management structures.

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