Helaba

Landesbank Hessen -Thüringen Girozentrale ( Helaba) is a commercial bank with stem regions in Hesse and Thuringia as well as focus on wholesale banking. She is also a land bank for the two federal states, local bank for their communities and composite bank for the local savings banks. As of July 2012, she took over the business of the former WestLB Group bank for the savings banks in North Rhine -Westphalia and Brandenburg.

With approximately 6,000 employees, the Helaba Group is one of the major German Landesbanken. Helaba is a public institution. Their head offices in Frankfurt am Main and Erfurt. The bank has branches in Kassel (National Loans Fund to Kassel), Offenbach, since July 2012 in Dusseldorf, as well as in New York, London, Paris and Dublin. With other sites, it is represented in Madrid, Moscow and Shanghai. The Group includes the Frankfurter Sparkasse, the subsidiaries Helaba Invest Investment Company, the Frankfurt banking company and the OFB Group, which is engaged in the real estate project development.

• 4.2.1 Former CEO

History

On 1 June 1953, the Hessian Landesbank Girozentrale formed from the merger of the Hesse Landesbank Girozentrale Darmstadt (founded in 1940), the Nassau Landesbank Wiesbaden (founded 1840) and the National Loans Fund to Kassel (founded in 1832). In the 1970s, the Helaba Landesbank Hessen scandal brought in considerable distress. On 1 July 1992 was created by a treaty on a joint savings bank organization between Hesse and Thuringia the common Landesbank. She was thus the first existing beyond national borders Landesbank. In 2005, Helaba acquired Frankfurter Sparkasse and rose again so strengthened the private client business, which she had already operated until 2003 through its branch at Kassel, Darmstadt and by the country's credit Checkout to Kassel.

With effect from 1 July 2012, Helaba took over the leached from the WestLB Group Bank ( NRW savings banks, SME customers and communities ) as well as risk-weighted assets of 8.3 billion euros. The composite Bank was incorporated with an enterprise value of zero euro and a cash capital increase of EUR 1 billion in Helaba. With the composite Bank 451 employees of WestLB changed to Helaba and have been working since September 2013 in the former offices of the German industrial bank IKB at the Dusseldorf - Golzheim location. Future care of Helaba in its function as a composite Bank 167 savings banks in Hesse (34 ), Thuringia (16 ), North Rhine -Westphalia (106) and Brandenburg ( 11).

Business

• The company's line "Wholesale Business " includes financial services companies, banks and institutional investors.
• The division "Private Customers and SME Business " in addition to the composite Bank include the Landesbausparkasse Hessen -Thüringen, Frankfurter Sparkasse with 1822direkt and the Frankfurt banking company ( Switzerland ) AG.
• In the " Public Development and Infrastructure Business" as a third business line Helaba takes on economic and infrastructure Hessen ( WIBank ) on behalf of the State of Hesse public support tasks, in particular in the areas of housing and urban development, infrastructure, industry, agriculture and the environment.

Affiliates and subsidiaries

• Frankfurter Sparkasse
• 1822direkt company Frankfurter Sparkasse mbH
• Frankfurt banking company ( Switzerland ) AG
• Helaba Invest
• Non-profit housing society Hesse ( GWH )
• OFB Project Company GmbH
• GGM Society for Building Management
• HIB Helaba company for real estate appraisal
• Helaba Dublin
• Helaba International Finance plc
• Hannover Leasing ( 44.79 %)

Organizational structure

Helaba is a legal entity under public law. The bodies of the Bank are the Meeting, the Board of Directors and the Executive Board.

Ownership and support

After the takeover of the composite business of WestLB (July 1, 2012)

• Savings Banks and Giro Association Hesse- Thuringia ( 68.85 %)
• Land Hessen (8.1%)
• Free State of Thuringia (4.05 %)
• Savings Banks and Giro Association (4.75 %)
• Savings Banks Association of Westphalia -Lippe ( 4.75% )
• FIDES Beta GmbH (4.75 %) ( in trust for the DSGV)
• FIDES Alpha GmbH (4.75 %) ( in trust for the regional savings banks associations )

Prior to the acquisition of the composite business of WestLB

• Savings Banks and Giro Association Hesse- Thuringia (85%)
• State of Hesse (10%)
• Free State of Thuringia (5%)

Board of Directors

• Hans- Dieter Brenner ( Chief Executive Officer)
• Jürgen Fenk
• Thomas Groß
• Detlef Hosemann
• Rainer Krick
• Norbert Schraad

Former CEO

• Herbert Lauffer (1953-1964)
• Wilhelm Conrad (1964-1971)
• Gustav Bothe (1971 )
• Wilhelm Hankel (1971-1973)
• Broker Leopold (1973-1975)
• Heinz Sippel (1975-1985)
• Herbert J. Kazmierzak (1985-1993)
• Karl Kauermann (1993-1995)
• Hermann Adolf Kunisch (1995-1996)
• Walter Shepherd (1996-2001)
• Günther Merl (2001-2008)

Main building

The foundation stone of the Main Tower in Frankfurt took place in October 1996, three years later drew a Helaba. With a height of 200 meters, it is the fourth tallest skyscraper in Germany. Previously, the bank had its headquarters in the adjacent Garden Tower.

Second seat of the national bank is an existing office complex of several buildings from the 1990s to the southwest of the Thuringian capital of Erfurt (district Bruehlervorstadt ) on the site of the former market gardens by Ernst Benary.

EU bank stress tests

In July 2011, Helaba announced prior to presentation of the results of the EU bank stress tests that they had fallen short due to revised regulations of the CEBS stress test. The EU banking supervision has not considered the capital contribution of the Land of Hesse in the amount of 1.92 billion euros as " common equity ". Thus, a deficit of 1.497 billion euros was at Helaba ( minimum required rate of nine per cent), for this reason, Helaba has failed in formal terms. Because of these events, the Helaba said ahead of publication of the results. Through these steps, the Helaba wanted to avoid too great a reputational damage and the appearance of a possible capital shortage in public.