All Stories
Follow
Subscribe to Helaba

Helaba

Helaba satisfied with 2016 financial year

One document

Main (ots)

- Growth in customer business underlines strong market position 
- Net fee and commission income rises once again 
- Exceptional interest rate environment weighs on net interest income
- Regulatory figures see renewed improvement 
- Business figures on target 
- Significant future investment in IT and digitalisation

Helaba Landesbank Hessen-Thüringen achieved a consolidated net profit before taxes in an amount of EUR 549 million in the 2016 financial year, which was approximately 8 percent below the previous year. After taxes, consolidated net profit reached EUR 340 million. Herbert Hans Grüntker, the Chairman of Helaba's Board of Managing Directors, is satisfied with the result: "Our operating business with customers once again performed well. This is reflected in the strong volume of new business and the encouraging rise in net fee and commission income. The forecast decline in earnings as a result of zero interest rates was not as noticeable as we had expected. Overall, these earnings rank among the three best-ever results in the history of our bank. The basis for this success is our sound, well-balanced and proven business model."

Pressekontakt:

Press and Communication
MAIN TOWER · Neue Mainzer Strasse 52-58
60311 Frankfurt am Main · 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

Original content of: Helaba, transmitted by news aktuell

More stories: Helaba
More stories: Helaba
  • 17.11.2016 – 11:31

    Helaba steady on course

    Frankfurt (ots) - - Profit before tax down on last year but still ahead of forecast - Net interest income down as expected - Satisfactory progress in customer business - Forecast for the year as a whole confirmed Helaba Landesbank Hessen-Thüringen generated a Group net profit before taxes of EUR 417 million in the first nine months of 2016, which was approximately EUR 68 million (14 percent) below last ...

    One document
  • 24.08.2016 – 08:16

    Helaba on track at half time

    Frankfurt (ots) - - Half-year results lower, in line with forecast - Volume of new business remains on a high level - Negative impact from low interest rates and volatile earnings components - Stress test confirms comfortable level of capital backing and proven business model The Helaba Group generated a profit before taxes of EUR 279 million in the first half of 2016, which was approximately 23 per cent ...

    One document
  • 30.05.2016 – 11:33

    Helaba study "Financial Centre of Frankfurt - Making Further Headway"

    Frankfurt am Main (ots) - - Anniversary: 10 years of Helaba financial centre research - Frankfurt assumes leadership role in Continental Europe - London still the top location in competition between European financial centres Frankfurt has assumed the leadership role among the financial centres in ...

    One document