Landessparkasse zu Oldenburg

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Logo of the savings banks  Landessparkasse zu Oldenburg
Headquarters in Oldenburg
Headquarters in Oldenburg
Country GermanyGermany Germany
Seat Berliner Platz 1
26123 Oldenburg
legal form Institute of public right
Bank code 280 501 00
founding 1786
Association Savings Bank Association of Lower Saxony
Business data 2019
Total assets 10.43 billion euros
insoles 8.25 billion euros
Customer credit 8.188 billion euros
Employee 1,661
Offices 112
Board of Directors Jörg Bensberg (Chairman)
Board Michael Thanheiser (Chairman)
Jürgen Rauber
Olaf Hemker
Tanja-Vera Asmussen
List of savings banks in Germany

The Landessparkasse zu Oldenburg (also LzO) is a public-law savings bank based in Oldenburg in Lower Saxony . The LzO is supported by the Sparkassenzweckverband Oldenburg , to which the independent cities of Oldenburg and Delmenhorst as well as the districts of Ammerland , Cloppenburg , Friesland , Oldenburg , Vechta and Wesermarsch belong as members. The LzO's business area includes the aforementioned regional authorities.

organization structure

The Landessparkasse zu Oldenburg is an institution under public law . The legal basis is the Savings Banks Act for Lower Saxony and the statutes issued by the Sparkasse's administrative board . The organs of the Sparkasse are the board of directors and the administrative board. According to the notification dated November 24, 2011, the Sparkasse can issue mortgage Pfandbriefe.

Business figures

The Landessparkasse zu Oldenburg reported total assets of 10.43 billion euros in the 2019 financial year and customer deposits of 8.25 billion euros. According to the 2019 Sparkasse ranking list, it ranks 17th in terms of total assets. It has 112 branches / self-service locations and employs 1,661 people. 131 of them are in training.

Savings Banks Finance Group

The Landessparkasse zu Oldenburg is part of the Sparkassen-Finanzgruppe and thus also belongs to its liability association. He secures the existence of the institutes and ensures that they can meet all liabilities even in the event of individual savings banks becoming insolvent . The Savings Bank provides savings contracts the regional Landesbausparkasse , mutual funds of Deka and insurance of VGH Insurance and the Public Insurance Oldenburg . In the area of leasing , the Landessparkasse zu Oldenburg works together with Deutsche Leasing . The Norddeutsche Landesbank performs the function of the Sparkasse central bank . There is also a participation in the private health insurance company Alte Oldenburger .


On August 1, 1786, Duke Peter Friedrich Ludwig signed the founding deed for the "Savings Fund for the Duchy of Oldenburg". The aim of the foundation was a comprehensive reorganization of the poor system, with which it should be possible for economically weaker sections of the population to build up reserves.

Since January 1, 1913, the Sparkasse has been called Landessparkasse zu Oldenburg. When LzO joined the Hanover Savings Bank Association in 1916, it became a member of the Savings Banks Finance Group . In 1937 the Sparkassenzweckverband Oldenburg was founded, to which the districts of Ammerland, Cloppenburg, Friesland, Oldenburg, Vechta, Wesermarsch and the independent cities of Oldenburg and Delmenhorst belonged as sponsors.

At its 175th anniversary in 1961, the institute had more than 370,000 accounts. In 1964, it was one of the first savings banks in Germany to introduce electronic data processing . The first ec ATM in the Oldenburger Land was put into operation in 1981 by the LzO in Oldenburg. From 1986 - in the year of its 200th anniversary - the customer self-service was expanded further by installing bank statement printers . In 1997 the first homepage of an Oldenburg credit institute went online at

At the beginning of May 2009, the headquarters moved to a newly built building at Oldenburg Central Station. Three four-story buildings, a ten-story building and an extension with a total of approx. 24,000 m² of usable space were built there for 87 million euros. Part of Maastrichter Strasse, where the new headquarters is actually located, was specially renamed so that the LzO could take its address “Berliner Platz” with it.

LzO foundations

On the occasion of its 200th birthday in 1986, the Sparkasse launched the Art and Culture Foundation of the Landessparkasse zu Oldenburg . Its purpose is to promote, maintain and preserve art and culture in all its facets, whether in the field of music, literature, museums and theater, the fine arts and right through to the preservation of local history and monuments.

The regional foundation of the Landessparkasse zu Oldenburg , established in 2006, enables citizens interested in a foundation to find a way of personal, charitable commitment. The umbrella foundation, which is dedicated to a wide range of non-profit topics, supports on the one hand by means of funds from the foundation commitments of its customers, but also through the eight LzO foundations established in 2008, which are administered under its umbrella. These foundations are committed to social projects in their respective region in the LzO business area.


On December 18, 2012, the Federal Constitutional Court decided in a specific legal control procedure that a statutory provision of the State of Lower Saxony, which privileged the LzO in enforcement , violated the principle of equality in Article 3 of the Basic Law . The decision formula was published in the Federal Law Gazette (BGBl.) I of February 6, 2013, page 162.

Broadcast reports

Web links

Individual evidence

  1. a b Master data of the credit institute at the Deutsche Bundesbank
  2. Sparkasse Ranking List 2019 (PDF; 199 kB, 9 pages) In: Finanzgruppe Deutscher Sparkassen- und Giroverband., May 4, 2020, accessed on May 4, 2020 .
  3. ^ List of Pfandbrief banks in Germany .
  4. Sparkasse Ranking List 2019 (PDF; 199 kB, 9 pages) In: Finanzgruppe Deutscher Sparkassen- und Giroverband., May 4, 2020, accessed on May 4, 2020 .
  5. Annual financial statements 2018 in the eBundesanzeiger
  6. ^ In the morning, The architecture of the new LzO headquarters . , published by the LzO
  9. Press release of the Federal Constitutional Court of January 17, 2013

Coordinates: 53 ° 8 ′ 42 "  N , 8 ° 13 ′ 34.3"  E