Moody's upgrades OLB's ratings, concluding review for upgrade

PRESS-RELEASE

Oldenburg, 7 January 2026

Moody's upgrades OLB's ratings, concluding review for upgrade

• Long-term bank deposit, senior unsecured and long-term issuer ratings improved to A3 from Baa1 with positive outlooks
• Rating action concludes the review for upgrade initiated on 21 March 2025

Following the closing of the acquisition of OLB by Crédit Mutuel Alliance Fédérale via the holding company TARGO Deutschland GmbH, which is owned by Banque Fédérative du Crédit Mutuel, Moody’s upgrades OLB’s long-term deposit, senior unsecured, and long-term issuer ratings to A3 from Baa1.

Since 21 March 2025 OLB’s ratings were on review for upgrade. Today, Moody’s resets the outlooks to ‘positive’, reflecting the confidence in OLB's strong financial position and its demonstrated resilience in asset quality in a challenging economic environment.

"This is testament to our strong and continued track record," says Dr Rainer Polster, CFO of OLB. "The upgrade confirms the success of our strategic initiatives and is also considering the fact that OLB is now part of the strong Crédit Mutuel Alliance Fédérale banking group."

Looking ahead, the positive outlook on OLB's ratings reflects Moody's expectation of continued fundamental strength, supported by prudent risk management practices, high profitability and adequate liquidity buffers, all remaining in OLB’s strategic focus. Thus, the Bank is committed to delivering value to its customers and stakeholders.

About OLB

OLB is a widely diversified universal bank with a nationwide presence and more than 150 years of experience in the core region of north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, the Bank advises its approximately 1 million customers in the Private & Business Customers and Corporates & Diversified Lending segments in person and via digital channels. OLB has total assets of more than EUR 30 billion, making it a significant financial institution in Europe.

Feel free to visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.