Overview

• The Targobank, owned by Crédit Mutuel Alliance Fédérale, has acquired Oldenburgische Landesbank (OLB) for an estimated €2 billion.
• The merger creates a combined entity with 4.8 million customers and a balance sheet total of €79 billion.
• Targobank aims to develop into a universal bank, expanding into real estate and corporate financing as part of its growth strategy.
• The acquisition will not immediately impact OLB customers or business partners, though potential structural changes remain uncertain.
• It is unclear whether OLB will retain its standalone brand or be fully integrated into Targobank's operations.