Helaba Reports Significant Growth in Earnings for First Three Quarters

Nov 28, 2012, 03:22 ET from HELABA Landesbank Hessen-Thueringen

FRANKFURT AM MAIN and ERFURT, Germany, November 28, 2012 /PRNewswire/ --

  • Helaba CEO anticipates annual results will be slightly above previous year
  • S-Group Bank NRW enjoys good start with balanced result
  • Central bank function for savings banks in four federal states strengthens Helaba's position

< Cross reference: The full press release is available at: http://ots.de/CMsgh  >

With group-wide earnings before taxes of EUR 407 million, Helaba sustained its positive revenue path of the first half-year in the third quarter of 2012. The increase in the result compared to the previous year amounts to EUR 36 million, or 9.7 per cent. The S-Group Bank NRW, which is included in the figures for the first time, made a balanced contribution to earnings. Hans-Dieter Brenner, CEO of Helaba, is pleased with the result: "Significant factors for the good interim results were our stable, operational business with customers and a noticeable increase in the net trading income. The growth in loan loss provisions is within a planned range and does not signal any deterioration in the creditworthiness of our customers." Should the financial markets remain stable, Mr Brenner anticipates that earnings for the entire year of 2012 will be slightly higher than last year.

Press und Communication
MAIN TOWER · Neue Mainzer Straße 52-58
60311 Frankfurt am Main · http://www.helaba.de
Tel.: +49(0)69-9132-2192

Wolfgang Kuß    
E-Mail: wolfgang.kuss@helaba.de

Ursula-Brita Krück
E-Mail: ursula-brita.krueck@helaba.de

SOURCE HELABA Landesbank Hessen-Thueringen