Peter Cordes

Oldenburgische Landesbank AG provides banking and financial services to private and corporate clients. It operates through the following business segments: Retail and Business Customers, Private Banking and Independent Professionals, and Corporate Customers. The Retail and Business Customers segment offers private construction financing, deposits, account management, consumer loans, and structured asset investment. The Private Banking and Independent Professionals segment includes investment counseling, asset investment, securities advisory services, as well as real estate brokering and financing. The Corporate Customers segment offers credit services to the renewable energy, agriculture, and food industries; payment traffic; foreign business; interest rate hedges; and retirement planning. The company was founded on December 16, 1868 and is headquartered in Oldenburg, Germany.

The bank, based in Hamburg, Germany, operates with customers and partners throughout the country. Over the years, Hanseatic Bank has expanded its customer base and product range, which now includes deposit business, insurance, receivables management, and consumer loans. The bank is known for its credit cards with innovative services for customers and cooperation partners. Part of Société Générale SA, Hanseatic Bank GmbH & Co. KG is a consumer credit institution that was founded in 1969. In 2005, Société Générale acquired 75 percent of the shares from Otto (GmbH & Co KG) for $248.11 million, while the Otto Group continues to hold 25 percent.