Helaba ended the first six months of fiscal 2010 on the basis of the semi-annual accounts with an IFRS group pre-tax profit of EUR 126 million. The after-tax result amounts to EUR 95 million, after EUR 185 million in the year before. Hans-Dieter Brenner, Chairman of the Board of Directors, comments on the result » more
Helaba gives proof of its robust condition
Helaba successfully passed the EU-wide stress test for 91 banks coordinated by the CEBS. You will find the official CEBS documents presenting the results of Helaba at the end of this letter. » more
Helaba has arranged a EUR 180 m consortium loan for Value Retail's 'La Vallée Village' outlet centre near Paris.
» moreHelaba has arranged a EUR 38.5 million debt financing for ProLogis European Properties Fund II (PEPF II) a private equity fund externally-managed by ProLogis (NYSE: PLD). The facility is secured by a portfolio of two logistics and distribution centres in Nove Mesto and Galanta, Slovakia, comprising a leasable area of 176,000 m².
» moreHelaba has maintained the positive earnings trend of fiscal 2009 in the first quarter of 2010. » more
The Bank is providing funding of EUR 60 million for the Resolution Real Estate Fund III L.P for the acquisition of the designer outlet Mc Arthur Glen Troyes. Helaba acted in the transaction as Arranger, Sole Lender and Swap Provider through its Paris Branch
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The CEO of Helaba Landesbank Hessen-Thüringen, Hans-Dieter Brenner, was elected on March 17 2010 in Frankfurt am Main as a new Vice-President of Deutscher Sparkassen- und Giroverband (DSGV) – the German Savings Banks and Giro Association and at the same time Chairman of the Heads of the Giro Institutions. Brenner succeeds Dr. Michael Kemmer in this function, whose of tenure ended with his departure from the office of CEO of Bayerische Landesbank. The heads of the Giro Institutions are the CEOs of the German Landesbanks. The Landesbanks constitute the second member-group of the DSGV which also comprises the regional savings banks associations. They elect a Chairman from their ranks, who represents the Landesbanks in the DSGV.
Review the complete official results of the EU-wide Stress Test of Helaba. » more
The German economy grew in the second quarter by 2.2 % over the previous quarter, or by 9 % using the American, annualized notation. Exports reached record levels, and German businesses are suffering from a shortage of skilled workers. If one combines these two components, this sounds like a boom and rising stock prices. In this environment, how can one explain why stock markets have pulled back noticeably over the last few days?
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