Helaba

Landesbank Hessen-Thüringen
Helaba
Company typeInstitution incorporated under public law
IndustryFinance
PredecessorHessische Landes-Hypothekenbank
Hessische Landesbank - Staatsbank
Landeskommunalbank - Girozentrale für Hessen
Landeskreditkasse zu Kassel Edit this on Wikidata
FoundedJune 1, 1953
Defunct1953 Edit this on Wikidata
HeadquartersFrankfurt and Erfurt, Germany
Key people
Thomas Groß, CEO of Helaba
Total assets 219,3 billion (2020)
Number of employees
app. 6000 (2021)
Websitewww.helaba.com

Helaba, short for Landesbank Hessen-Thüringen, is a commercial bank with core regions in Hesse and Thuringia, Germany offering financial services to companies, banks, institutional investors and the public sector, both within Germany and internationally. At the same time, it is the central clearing institution and service provider for 40 percent of German savings banks. Helaba is an institution incorporated under public law. With approximately 6,300 employees and two headquarters in Frankfurt and Erfurt, the bank maintains branches in Düsseldorf and Kassel as well as offices in Berlin, Stuttgart, Munich and Muenster. On an international level, Helaba acts through branches and representative offices in Paris, London, New York, Madrid, Moscow, Shanghai, and Singapore. Frankfurter Sparkasse, the leading retail bank in the Rhine-Main region, is a wholly owned subsidiary of Helaba. The Helaba Group also comprises the online bank 1822direkt, LBS Hessen-Thüringen and WIBank. The latter implements development programmes of the State of Hesse. Further Helaba subsidiaries are Helaba Invest Kapitalanlagegesellschaft, Frankfurter Bankgesellschaft and the OFB Group (real estate development).

Helaba has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[1][2]

  1. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  2. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.

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