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At EUR 510 million, Helaba maintains group earnings at previous year's level

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03.04.2014 – 10:35  Helaba    [newsroom]

Frankfurt am Main (ots) -

   - Result after taxes improves by 11 per cent 
   - Core (tier 1) capital ratio rises to 12.8 per cent 
   - Dividend payments increase once again and bank's capital base
     strengthened 
   - Integration of S-Group Bank largely completed - business
     significantly reinforced

Helaba, Landesbank Hessen-Thüringen, achieved group-wide earnings before taxes in the last financial year amounting to EUR 510 million, thereby almost equalling the very high result of the year before of EUR 512 million. After taxes, earnings rose by 11.3 per cent to EUR 354 million. Helaba's CEO Hans-Dieter Brenner comments: "Since 2011 we have been operating at an earnings level of around EUR 500 million. In this time, we have additionally created a risk buffer in the mid nine-figure range, which is recorded as an expense. This has substantially reinforced the bank's capital position."

Press contact:

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