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.
Helaba Reports Earnings Of EUR 512 Million, Exceeding Previous Year's Result
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