Ukraine reconciliation meeting in Minsk postponed over OSCE car blastWorld April 24, 3:21
Macron announces his victory in first round of French presidential voteWorld April 24, 1:29
Le Pen gets 23.08%, Macron - 23.11% after 33 mln votes counted — Interior MinistryWorld April 23, 23:58
Preliminary results of French polls reveal defeat of two leading partiesWorld April 23, 22:49
Macron, Le Pen lead in first round of French election — TVWorld April 23, 21:33
Russian Foreign Ministry slams OSCE car incident in Donbass as 'provocation'Russian Politics & Diplomacy April 23, 19:41
Macron winning presidential polls among French living in US, Canada — TVWorld April 23, 19:12
French nationals in Moscow expect presidential polls to bring changes to their countryWorld April 23, 18:01
French presidential hopefuls cast ballots in first round of electionWorld April 23, 15:52
FRANKFURT, Germany, March 25 /PRNewswire/ -- Helaba Landesbank Hessen-Thüringen achieved Group-wide earnings before tax of €607 million in the 2014 financial year, which represents a rise of 25.7 per cent compared to the previous year's result of €483 million, which was already very high. After allowing for taxes, earnings rose by 18.5 per cent and reached €397 million.
New all-time high in the company's history
Good operating business leads to rise in income from net interest, fees and commission
Higher dividend payment with simultaneous consolidation of capital base
Core capital ratio (CET-1) reaches 13.4 per cent, total capital ratio 18.5 per cent
Strategic push into foreign trade finance as well as into mobile and e-commerce
As a result of the first-time application of various IFRS rules, the Group's financial statements for the year ended 31 December 2014 are based on a newly defined scope of consolidation.
This led to a corresponding adjustment to the comparative figures of the year before. Hans-Dieter Brenner, Helaba's CEO, commented: "Once again, Helaba can look back on an extraordinarily profitable and successful business year. Last year, we were able to continue the progress we had made in previous years by continuing the positive trend in profitability. Despite the on-going low interest rate cycle and a significant increase in the structural costs for the bank due to regulatory issues, we still succeeded in achieving the best-ever result in our corporate history."
MAIN TOWER · Neue Mainzer Strasse 52-58 · 60311 Frankfurt am Main
Tel: +49-(0)69 / 9132-2192