LBBW

Helaba, formally known as Landesbank Hessen-Thüringen, is a German Landesbank (state bank). It is currently newsworthy due to a recent decline in profits after three consecutive record years. The bank reported a 4.8% decrease in gross profit to 731 million euros in 2025. This downturn is primarily attributed to challenges within its real estate credit portfolio. Concerns have arisen regarding the stability of nearly ten percent of Helaba's real estate loans. While the bank's risk manager asserts early action was taken to address these risks, and the need for risk provisions is decreasing, Helaba anticipates a further profit decline. This situation is significant as it highlights the ongoing challenges faced by German banks in navigating the current real estate market and its potential impact on their financial performance. The bank's performance contrasts with that of competitors like Deutsche Bank, DZ Bank, and Commerzbank, which achieved record results in 2025.