Helaba with Earnings of EUR 381 Million Before Taxes in Q3

FRANKFURT AM MAIN, Germany, November 21, 2017 /PRNewswire/ --


- Results exceed target 
- Earnings forecast confirmed 
- Risk situation remains comfortable 
- Challenging business environment unchanged 


Helaba Landesbank Hessen-Thüringen generated pre-tax profits of EUR 381 million in the first nine months of 2017, a decline of EUR 36 million compared to the very good result achieved in the same period last year. The consolidated profit after taxes amounted to EUR 249 million (previous year: EUR 266 million). This means that Helaba performed well in the context of a market environment that continues to be challenging. The significant growth in net trading income and the low level of provisions for losses on loans and advances had a positive effect. Apart from a decline in net interest income due to the ECB's monetary and QE policies, valuation effects resulting from cross-currency basis spreads (CCBS) once again had a negative impact.

Notice to editorial teams:

Your will find our Investor Relations Presentation as a download at: http://investorrelations.helaba.de

Full press release is available at   https://www.presseportal.de/nr/55060?langid=2 [https://www.presseportal.de/nr/55060?langid=2 ]

Press and Communication


MAIN TOWER . Neue Mainzer Strasse 52-58


60311 Frankfurt am Main . http://www.helaba.de


Tel.: +49(0)69/9132-2192


Mike Peter Schweitzer


E-Mail: mikepeter.schweitzer@helaba.de


Ursula-Brita Krück


E-Mail: ursula-brita.krueck@helaba.de


 

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