Helaba satisfied with business performance and profit in 2017
Frankfurt am Main (ots) -
- Cross reference: Full press release is available at
http://www.presseportal.de/dokumente -
- Consolidated profit before taxes of EUR 447 million
- Decline in profit lower than expected
- Strong market position maintained - risk situation remains positive
- Improvement in CET1 ratio to 15.2 percent
- Further growth in net fee and commission income
- Stable performance anticipated for 2018
Frankfurt am Main - Helaba Landesbank Hessen-Thüringen reported a
consolidated profit before taxes under IFRS of EUR 447 million for
the 2017 financial year. Consolidated net profits after taxes
amounted to EUR 256 million. The result was therefore below the
strong prior year's figures of EUR 549 million and EUR 340 million,
respectively, as anticipated in the previous annual forecast. Despite
a persistence in the challenging market environment, Helaba managed
to generate a satisfactory result.
- Cross reference: Full press release is available at
http://www.presseportal.de/dokumente -
- Consolidated profit before taxes of EUR 447 million
- Decline in profit lower than expected
- Strong market position maintained - risk situation remains positive
- Improvement in CET1 ratio to 15.2 percent
- Further growth in net fee and commission income
- Stable performance anticipated for 2018
Frankfurt am Main - Helaba Landesbank Hessen-Thüringen reported a
consolidated profit before taxes under IFRS of EUR 447 million for
the 2017 financial year. Consolidated net profits after taxes
amounted to EUR 256 million. The result was therefore below the
strong prior year's figures of EUR 549 million and EUR 340 million,
respectively, as anticipated in the previous annual forecast. Despite
a persistence in the challenging market environment, Helaba managed
to generate a satisfactory result.
In his assessment of the result for the 2017 financial year,
Herbert Hans Grüntker, the Chairman of Helaba's Board of Managing
Directors, comments: "All things considered, we are satisfied with
the development of Helaba's business activities and earnings
situation. We knew that the year was going to be a challenging one
and that we could expect a noticeable decline in profits. However, we
concluded the year with a better-than-expected result. We have
maintained our strong position in the market and our risk situation
remains positive".
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
Herbert Hans Grüntker, the Chairman of Helaba's Board of Managing
Directors, comments: "All things considered, we are satisfied with
the development of Helaba's business activities and earnings
situation. We knew that the year was going to be a challenging one
and that we could expect a noticeable decline in profits. However, we
concluded the year with a better-than-expected result. We have
maintained our strong position in the market and our risk situation
remains positive".
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