The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Landesbank Hessen-Thüringen (Helaba) is an important German real estate bank active in both the domestic<br />
and international markets. Its core business lies in the field of commercial financings, especially office<br />
space, retail property, commercial areas and logistics hubs. <strong>The</strong> Bank takes a distinctly customer-focused<br />
approach to business with a team of highly specialised staff serving customers in the domestic market and<br />
internationally in all of the main European and US markets. From classic loans to structured financings,<br />
the bank offers the entire product and service range for property transactions.<br />
Helaba has a longstanding tradition as a public sector partner. In public-sector lending it offers its customers<br />
the entire range from tailor-made financing solutions and services to active debt management.<br />
Helaba’s main focus here is on German counterparties with an excellent ranking. <strong>The</strong> bank also holds an<br />
excellent market position with regard to public private partnerships (PPP). In both business segments, its<br />
Mortgage and Public <strong>Pfandbrief</strong>e play a key role for funding purposes.<br />
<strong>The</strong> AAA ratings testify to the high quality of the cover assets. <strong>The</strong> bank’s issuing policy seeks to achieve a<br />
wide diversification of the investor basis. In addition to its domestic issuing activity, Helaba therefore also<br />
banks on international, large-volume benchmark bonds as well as a comprehensive selection of structured<br />
issues.<br />
Rating: Mortgage Public Short-term Long-term Financial strength<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e liabilities liabilities Individual<br />
Fitch AAA AAA F1+* A+* B*<br />
Moody‘s – Aaa P-1 Aa2 C–<br />
Standard & Poor‘s – AAA A-1* A* –<br />
* Joint group rating of Sparkassen-Finanzgruppe Hessen-Thüringen<br />
130<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
166,244<br />
169,901<br />
Mortgage loan portfolio<br />
35,778<br />
36,661<br />
Residential loans<br />
6,755<br />
6,735<br />
Commercial loans<br />
29,023<br />
29,926<br />
Mortgage loan commitments<br />
5,099<br />
6,107<br />
Residential loans<br />
590<br />
476<br />
Commercial loans<br />
4,509<br />
5,631<br />
Public-sector loan portfolio<br />
30,856<br />
27,691<br />
Public-sector loan commitments<br />
2,128<br />
1,434<br />
Total funds outstanding (registered and bearer bonds)<br />
85,358<br />
69,358<br />
Mortgage <strong>Pfandbrief</strong>e<br />
5,794<br />
5,546<br />
Public <strong>Pfandbrief</strong>e<br />
14,912<br />
13,933<br />
Unsecured bonds<br />
29,888<br />
29,969<br />
Promissory notes<br />
34,765<br />
19,910<br />
Jumbo issues outstanding<br />
1,000<br />
0<br />
Refinancing funds raised<br />
12,945<br />
12,443<br />
Mortgage <strong>Pfandbrief</strong>e<br />
1,198<br />
1,852<br />
Public <strong>Pfandbrief</strong>e<br />
2,559<br />
2,446<br />
Unsecured bonds<br />
5,164<br />
5,875<br />
Promissory notes<br />
4,024<br />
2,270<br />
Total Equity<br />
9,691<br />
9,431<br />
Equity<br />
5,203<br />
4,906<br />
Subordinated debt<br />
4,488<br />
4,525<br />
Net interest income<br />
1,017<br />
1,040<br />
Loan loss provisions<br />
-285<br />
-487<br />
Net interest income after provisions for losses and loans<br />
732<br />
542<br />
Net commission income<br />
249<br />
227<br />
Net trading income<br />
148<br />
315<br />
Net income from hedging activities/derivatives<br />
5<br />
92<br />
Result from financial investments<br />
-34<br />
-38<br />
General administrative expenses<br />
-1,068<br />
-1,025<br />
Earnings before tax<br />
398<br />
343<br />
Consolidated net income<br />
298<br />
323
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