Finanzen, HELABA Landesbank Hessen-Thüringen

Helaba with earnings of EUR 381 million before taxes in Q3

21.11.2017 - 10:53:29

Helaba with earnings of EUR 381 million before taxes in Q3. Frankfurt am Main - - Cross reference: Full press release is available at http://www.presseportal.de/dokumente - - Results exceed target - Earnings forecast confirmed - Risk situation remains comfortable - Challenging business environment unchanged Frankfurt am Main - Helaba Landesbank Hessen- ...

Frankfurt am Main -

- Cross reference: Full press release is available at http://www.presseportal.de/dokumente -

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

Frankfurt am Main - 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

Originaltext: HELABA Landesbank Hessen-Thüringen digital press kits: http://www.presseportal.de/nr/55060 press kits via RSS: http://www.presseportal.de/rss/pm_55060.rss2 ISIN: DE000HLB0A20

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

@ presseportal.de

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