With the inclusion of the S-Group Bank NRW on 1 July 2012, the earnings, financial and asset situation of Helaba changed. For this reason, the extent to which the figures can be compared to the 2011 financial year is limited. Helaba took over an asset portfolio from the former WestLB in an amount of EUR 43 billion, which decreased to around EUR 38 billion in the course of the second half of the year due to redemptions and final maturities. As a result of this transaction in particular, Helaba's consolidated balance sheet total increased by 21.5 per cent to EUR 199 billion. Business volume grew by 19.2 per cent to EUR 223 billion.
In lending activities with customers, EUR 15 billion of medium and long-term new business was achieved (2011: EUR 14 billion). Loans and advances to customers in the Helaba Group grew by EUR 7 billion, or 8 per cent, to approximately EUR 91 billion, also as a consequence of taking over the S-Group Bank NRW in the middle of the year.
Of the medium and long-term new business volume, EUR 7 billion was allocated to real estate finance. The German market accounted for significantly more than half of this. This reflects the fact that Helaba is one of the leading German real estate banks. The corporate finance business contributed EUR 4 billion to new business. Corporate lending remains one of the bank's core business segments and, in this area, Helaba substantially expanded its good customer base in 2012. EUR 3 billion is attributed to public sector and S-Group business. Business with the public sector was characterised by a strong rise in demand for long-term loans. Helaba remains committed to its role as a public-sector bank and is now the central clearing bank for around 40 per cent of all German savings banks. Customer-related capital market business achieved very good results. The bank arranged and placed Schuldscheine (promissory notes) for domestic and foreign customers in a volume of nearly EUR 4 billion and was able to maintain its position as market leader in this segment. In asset management, the strategic development of Helaba Invest towards being a Full Service KAG led to further growth in assets under management amounting to EUR 112 billion. In cash management, Helaba became the second-largest payments processor in the domestic market, having taken over the S-Group Bank NRW. Parallel to a growth in its customer business of around EUR 1 billion, Frankfurter Sparkasse managed to improve its pre-tax earnings once again and continued the positive trend seen since 2009.
Profit and Loss Statement