Helaba sees decline in Q1 earnings

Frankfurt/Main (ots) -

- Cross-reference: Document is available at
http://www.presseportal.de/dokumente -

- Impact of volatile income from hedge accounting and derivatives
negative
- Net interest income below previous year due to negative interest
environment
- Renewed rise in net fee and commission income
- New business on a high level
- Risk situation eases
- Profit before taxes of EUR 75 million considerably below last
year
- CET1 ratio ("fully loaded") improves
- Board of Managing Directors reiterates earnings target for 2017

In the first quarter of 2017, Helaba Landesbank Hessen-Thüringen
generated a consolidated net profit before taxes of EUR 75 million,
which was EUR 63 million lower than the Q1 2016 result of EUR 138
million. After taxes, the consolidated net profit reached EUR 47
million, after EUR 91 million in the same period last year.

Originaltext: HELABA Landesbank Hessen-Thüringen
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ISIN: DE000HLB0A20

Contact:

Mike Peter Schweitzer
Press and Communication

Helaba Landesbank Hessen-Thüringen
Girozentrale MAIN TOWER
Neue Mainzer Str. 52-58
60311 Frankfurt
Tel.: [phone]
Fax: [phone]
e-mail: [e-mail]
Internet: www.helaba.de