Putin, Rouhani stress importance of joint efforts in settlement of Syrian conflictRussian Politics & Diplomacy May 27, 14:32
Federatsiya spacecraft’s first flight may be rescheduled to 2022 - sourceScience & Space May 27, 14:29
Zbigniew Brzezinski dies at age of 89World May 27, 6:57
More than two-thirds of Russians say would like to venerate St Nicholas’s relicsSociety & Culture May 27, 6:40
Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
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