Landesbank Hessen-Thüringen Girozentrale (Helaba) products, services and reviews

About Landesbank Hessen-Thüringen Girozentrale (Helaba)

Landesbank Hessen-Thüringen Girozentrale (Helaba) is a German public-law institution that functions as the Landesbank and central institution for the savings banks in Hesse and Thuringia and, as part of the Sparkassen-Finanzgruppe network, also provides central banking and service functions to savings banks in North Rhine-Westphalia and Brandenburg. Headquartered in Frankfurt am Main with a significant base in Erfurt, it operates across wholesale and corporate banking, commercial real estate finance, capital markets, transaction banking, and asset management, and serves retail customers primarily through Frankfurter Sparkasse and its online brand 1822direkt; the group also includes GWH, a large residential real estate company, and Helaba Invest for institutional asset management. Helaba is owned by the State of Hesse, the Free State of Thuringia, and regional savings banks associations. Its international activities focus on core European markets with branches and representative offices in selected financial centers, including London and New York. Funding is diversified across retail and corporate deposits, unsecured capital markets instruments, and covered bonds (Pfandbriefe), with regular issuance of senior preferred and senior non-preferred debt to meet MREL requirements; liquidity is supported by a portfolio of high-quality liquid assets and access to ECB refinancing. Capitalization is managed with buffers above SREP requirements, with CET1 and leverage ratios in line with German wholesale peers; major rating agencies assign investment-grade ratings in the single-A range, reflecting the bank’s profile and membership in the Sparkassen-Finanzgruppe’s institutional protection scheme. The risk profile is shaped by commercial real estate lending, corporate and public-sector exposure, and capital markets activities, with geographic concentration in Germany and selected Western markets; asset quality is sensitive to property market dynamics and interest rate conditions, while the consolidated residential platform provides more granular exposure. Profitability in recent periods has been driven by higher net interest income in a rising rate environment and stable fee income, offset by wage inflation, IT and regulatory costs; risk provisioning reflects cyclical and sector-specific developments. Governance follows a German two-tier board structure under ECB supervision within the Single Supervisory Mechanism, with resolution planning under the Single Resolution Board. Strategic priorities include advisory-led corporate banking, transaction services for the savings banks network, selective international real estate finance, digital distribution via 1822direkt, and sustainability-linked business; the bank issues green and social bonds in unsecured and covered formats and reports on taxonomy alignment and broader ESG metrics under evolving EU requirements, including CSRD. Current focus areas include Basel III finalization and its effects on risk-weighted assets, managing commercial real estate exposures, operational resilience and IT modernization, and continued integration with Sparkassen-Finanzgruppe platforms.