Helaba on track at half time

Frankfurt (ots) -

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

- 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 below last year's very good result of EUR 362 million. After
accounting for income taxes, Group earnings amounted to EUR 184
million, a decline of 22 per cent compared to the same period last
year.

In spite of this, Herbert Hans Grüntker, Chief Executive of the
bank, is satisfied with the results: "Volume of new business has
remained stable on the good level of previous years. Net fee and
commission income showed a welcome rise. Low and even negative
interest rates are leading to a fall in the net interest income,
although it is not as significant as we had projected. Uncertainty
surrounding Brexit had a negative effect on the trading result in the
second quarter. Earnings are slightly above our target after six
months. In view of the challenging business environment in which we
find ourselves, we are satisfied with this result."

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

Wolfgang Kuss
E-Mail: [e-mail]

Ursula-Brita Krück
E-Mail: [e-mail]