Helaba Reports Record Pre-Tax Profit for Third Consecutive Year

Germany's third-largest Landesbank achieved a 6.3% profit increase in 2024 and anticipates sustainable growth despite economic challenges.

Helaba's pre-tax profit in 2024 reached 767 million euros, surpassing the 2023 record by 6.3%.
Net profit rose from 466 million euros in 2023 to 526 million euros in 2024, reflecting strong financial performance.
The commercial real estate market, a key driver of Helaba's results, stabilized in 2024, contributing to a 40% improvement in financial investment property results.
Provisions for potential loan defaults were reduced by over 20%, indicating improved risk management and financial stability.
Despite economic and geopolitical uncertainties, Helaba remains focused on achieving sustainable annual profits exceeding one billion euros in the medium term.