NORD/LB Luxembourg S.A. Covered Bond Bank (100%) NORD/LB Vermögensmanagement Luxembourg S.A (100%) Öffentliche Versicherung Braunschweig (75%) Öffentliche Versicherung Bremen (20%) Nord Holding (15%) Toto-Lotto Niedersachsen (49.85%) Bremer Toto und Lotto (33.33%) International Neuroscience Institute (22.67%) Porzellanmanufaktur Fürstenberg (98%) LHI Leasing GmbH (49%) Between 1973 and 2010, NORD/LB held a 25 percent share in Berenberg Bank. Art collection In 1985 NORD/LB started to build up an art collection with the aim of representing post-1945 modern art in an international context. The collection today comprises about 3,000 artworks, still with an emphasis on postwar art, including Georg Baselitz, Joseph Beuys, Gerhard Richter, Sol LeWitt, Jeff Koons, Jannis Kounellis and Jörg Immendorff, among others. Employees can use the works to decorate the buildings, and they are displayed within the bank's own exhibition program. In 1999 it was able to open the exhibition space of its own. In 2009, NORD/LB returned Franz Marc's Cat Behind a Tree (1910), a painting the bank had bought in 1983, to the descendant of a Jewish shoe-manufacturing family persecuted by the Nazis; the bank had loaned the painting long-term to the Sprengel Museum in Hanover. In 2012, the bank sold its Jeff Koons sculpture, Tulips (1995-2004), from the “Celebration” series for 33.7 million dollars. The bank announced to use the proceeds to set up a foundation to promote contemporary art and cultural projects in northern Germany. In China On March 10, 2004, NORD/LB received a letter from the China Banking Regulatory Commission, approving the opening of a branch in Shanghai. See also Rollei 2010 Nord LB Open References External links NORD/LB New York Companies based in Hanover Companies based in Braunschweig Landesbanks 1970 establishments in West Germany Banks established in 1970 Banks under direct supervision of the European Central Bank