LBS West and LBS Nord to merge to form LBS Landesbausparkasse NordWest.

Real estate services providers LBS West and LBS Nord, agreed to merge to form LBS Landesbausparkasse NordWest, a real estate financing services provider. Financial terms were not disclosed. “We want to be an innovation driver in the LBS Group and a driving force in the Sparkasse Finance Group in the competence field of 'housing and real estate," Jörg Münning, LBS Landesbausparkasse NordWest.