Landesbank Hessen-Thuringia

from Wikipedia, the free encyclopedia
  Landesbank Hessen-Thüringen Girozentrale
logo
Country GermanyGermany Germany
Seat Frankfurt am Main and Erfurt
legal form Institute of public right
Bank code 500 500 00
BIC HELA DEFF XXX
founding June 1, 1953
Website www.helaba.com
Business data 2019
Total assets 207 billion euros
Employee 6,300
management
Board of Directors Gerhard Grandke (Chairman)
Board Herbert Hans Grüntker (Chairman)
The Main Tower is the headquarters of Helaba in Frankfurt am Main

The Landesbank Hessen-Thüringen Girozentrale , shortly Helaba is, a state commercial bank with core regions of Hesse and Thuringia and focus on wholesale banking. It is also Landesbank for the two federal states, municipal bank for their communities and composite bank for the local savings banks . In July 2012 she took over the S- Group bank business of the former WestLB for the savings banks in North Rhine-Westphalia and Brandenburg .

With around 6,100 employees, Helaba is one of the larger German Landesbanken. Helaba is an institution under public law . Its two headquarters are in Frankfurt am Main and Erfurt . With the Landeskreditkasse zu Kassel, the bank operates a branch in Kassel and since July 2012 one in Düsseldorf . It is represented internationally with branches in London , New York , Paris and Stockholm as well as representative offices in Madrid , Moscow , São Paulo , Shanghai and Singapore . The Frankfurter Sparkasse , a wholly owned subsidiary of Helaba. This also includes the direct bank 1822direkt , the LBS Hessen-Thüringen and the WIBank . The latter implements funding programs from the State of Hesse. The group also includes the subsidiaries Helaba Invest Kapitalanlagegesellschaft, Frankfurter Bankgesellschaft (Switzerland) and the OFB Group , which is active in real estate project development.

history

On June 1, 1953, the Hessische Landesbank Girozentrale was created from the merger of the Hessische Landesbank Darmstadt Girozentrale, founded in 1940, the Nassauische Landesbank Wiesbaden, founded in 1840, and the Landeskreditkasse zu Kassel, founded in 1832 . In the 1970s, the Helaba scandal brought the Hessische Landesbank into considerable distress.

On July 1, 1992, the joint Landesbank was created through a state treaty on a joint savings bank organization between Hesse and Thuringia. It was the first Landesbank to exist across national borders .

In 2005, Helaba acquired the financially troubled Frankfurter Sparkasse and thus stepped back into the private customer business, which it had already operated through its Darmstadt branch up to 2003 and through the Kassel Landeskreditkasse at the Kassel location.

With effect from July 1, 2012, Helaba took over the Verbundbank (NRW-Sparkassen, medium-sized corporate customers and municipalities), which had been spun off from WestLB, as well as risk-weighted assets of 8.3 billion euros. The Verbundbank was incorporated into Helaba with an enterprise value of zero euros and a cash capital increase of 1 billion euros. With the Verbundbank, 451 employees moved from WestLB to Helaba and have been working in the previous offices of IKB Deutsche Industriebank at the Düsseldorf-Golzheim location since September 2013 . Helaba now has the largest branch in Düsseldorf. In the future, Helaba will serve 167 Sparkassen in its function as a S-Group bank, 34 of them in Hesse, 16 in Thuringia, 106 in North Rhine-Westphalia and 11 in Brandenburg.

Business areas

  • The corporate division wholesale business includes financial services for companies, banks and institutional investors.
  • In addition to the Verbundbank, the private customers and medium-sized business division includes the Landesbausparkasse Hessen-Thüringen , the Frankfurter Sparkasse with the direct bank 1822direkt and the Frankfurter Bankgesellschaft.
  • In the public development and infrastructure business, as the third division, Helaba carries out public subsidy tasks on behalf of the State of Hesse through the Hessen WIBank business and infrastructure bank, particularly in the areas of housing and urban development, infrastructure, business, agriculture and the environment.

Affiliated companies and subsidiaries

organization structure

Helaba is a legal institution under public law. The organs of the bank are the owners' meeting, the administrative board and the board of directors.

Owner and carrier

After taking over the WestLB group business (July 1, 2012)

Before taking over the WestLB network business

Board

The Helaba Management Board consists of Chairman Herbert Hans Grüntker, Thomas Groß (Deputy Chairman), Detlef Hosemann, Norbert Schraad, Hans-Dieter Kemler and Christian Schmid.

Former CEO

main building

The foundation stone for the Main Tower in Frankfurt was laid in October 1996, and Helaba moved in three years later. With a height of 200 meters, it is the fourth tallest skyscraper in Germany. The bank was previously located in the adjacent Garden Tower .

The second seat of the Landesbank is an office complex consisting of several buildings from the 1990s in the southwest of the Thuringian capital Erfurt in the Brühlervorstadt district on the site of the former nurseries of Ernst Benary .

EU bank stress tests

In July 2011, before the results of the EU bank stress test were presented, Helaba announced that it had failed the stress test due to changes in the CEBS regulations at short notice . The European banking supervisory authority did not classify the capital contribution of the state of Hesse amounting to 1.92 billion euros as “hard core capital”. This resulted in a deficit of 1.497 billion euros at Helaba with a required minimum quota of 9%, which is why Helaba failed formally. Because of these events, Helaba prohibited publication of the results in advance. With these steps, Helaba wanted to avoid too much damage to its image in public and the impression of a possible capital bottleneck.

Web links

Commons : Landesbank Hessen-Thüringen  - Collection of images, videos and audio files

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Annual Report 2019
  3. ↑ a b Helaba: Helaba takes over WestLB's S-Group bank business retrospectively from July 1, 2012. July 2, 2012, archived from the original on July 31, 2015 ; accessed on July 31, 2015 (press release).
  4. ↑ For the Thuringian approval law see GVBl. 1992 p. 291 (digitized here ). For the date "1. July 1992 “as the date of the entry into force of the contract, compare the announcement of the entry into force of the state treaty between the states of Hesse and Thuringia on the formation of a joint savings bank organization from September 15, 1992 in the Thuringian GVBl. 1992 p. 482 (digitized here ).
  5. ↑ Focus : For 725 million: Helaba buys Frankfurter Sparkasse. May 14, 2005, accessed July 31, 2015 .
  6. ↑ Sparkassen- und Giroverband Hessen-Thüringen: Structure diagram 2015. (PDF file; 85 kB) Retrieved on July 31, 2015 .
  7. ↑ Helaba: For formal reasons, Helaba does not pass the EBA stress test. December 7, 2011, archived from the original on July 31, 2015 ; accessed on July 31, 2015 (press release).
  8. ↑ BBC : German bank Helaba 'to pull out of stress tests'. July 14, 2011, accessed July 31, 2015 .

Coordinates: 50 ° 6 ′ 45 ″  N , 8 ° 40 ′ 20 ″  E