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About Helaba
Helaba is the short name for Landesbank Hessen-Thüringen. It is a German commercial bank in and was founded in 1953. Helaba functions as central bank for the savings banks in Hesse, Thuringia, North Rhine-Westphalia and Brandenburg it acts as central clearing institution and service provider for 40 per cent of German savings banks. 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.
The principle, “partnership, not competition”, is the basis for joint market canvassing with the savings banks. The bank's strategic business model is based on three corporate sectors: business with large corporate customers and the S-Group, business with private customers and smaller and medium-sized enterprises (“SMEs”), and also public development and infrastructure business.
Website | https://www.helaba.de |
Headquarters |
Neue Mainzer Straße 52-58
D-60311 Frankfurt am Main
Germany
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CEO/chair |
Hans-Dieter Brenner CEO |
Supervisor | |
Annual report | Annual Report 2014 |
Ownership |
Heleba is a legal entity under public law Helaba's equity is divided as follows between:
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Complaints and grievances |
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Voluntary standards
Helaba has committed itself to the following voluntary standards:Investment policies
The following regarding sustainability practices in Heleba was taken from their 2014 annual report: Helaba has laid down guiding sustainability principles in which it has pledged its commitment to environmental and social responsibility, both internally and in its dealings with the general public. The guiding sustainability principles include core statements and standards of conduct relating to business activities, business operations (operational environmental protection, corporate governance and compliance), employees and corporate social responsibility. Helaba has also translated its responsibility to the environment and society into binding requirements in its business strategy. Helaba's risk assessment and risk management processes thus incorporate the identification and assessment of environmental risks and of issues from a social and ethical perspective. The Bank is looking into the possibility of creating and installing a standard process for the appropriate incorporation of environmental risks and of social and ethical perspectives into relevant lending decisions. Helaba does not finance the manufacture or trading of controversial types of weapon. It also undertakes not to enter into speculative transactions with agricultural commodities or develop investment products related to such commodities.