FRANKFURT AM MAIN, Germany, November 21, 2017 /PRNewswire/ --
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.
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Your will find our Investor Relations Presentation as a download at: http://investorrelations.helaba.de
Full press release is available at https://www.presseportal.de/nr/55060?langid=2
Press and Communication
MAIN TOWER · Neue Mainzer Strasse 52-58
60311 Frankfurt am Main · http://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
