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German bank branches out

Nov 18, 1999
By Paul Beckman

VILNIUS - After testing the water by opening a representative office in Vilnius last year, Norddeutsche Landesbank jumped in with both feet by launching a branch in Lithuania's capital this month.Norddeutsche Landesbank, or Nord/LB, is the first German bank to open a branch office in Lithuania, joining a handful of other foreign banks already in operation.Established in 1970 through a merger of four banks, the Hannover-based Nord/LB currently ranks 33rd in Europe and 60th in the world by total ...

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