Landesbank: Helaba-Gewinn bricht ein – Probleme bei Gewerbeimmobilien
Mit etwas niedrigeren Ergebnissen als 2025 hatte die Landesbank Hessen-Thüringen gerechnet. Doch die Halbjahresbilanz entspricht nicht den Erwartungen. Die Jahresprognose ist Makulatur.
Frankfurt - Helaba's profit for the first half of 2026 has plummeted, revealing significant issues with commercial real estate investments. The net profit fell nearly 60% compared to the previous year, amounting to 194 million euros. "This half-year result does not meet our expectations," said Chairman Thomas Groß on Thursday.
The biggest concern lies in the commercial property sector, where Helaba reported a loss of 26 million euros. In the first half of 2025, the entity had even earned a 106 million euro profit. Groß attributes the downturn to an ongoing difficult situation in the real estate market. He highlights that particularly the financing of commercial office properties is in a deep and prolonged downturn compared to what was anticipated.
Groß points to increased remote work and rising interest rates as key factors leading to fewer transactions. In project financing, Helaba has focused on office developments within Germany, operating through its subsidiary OFB Projektentwicklung. For the full year, Helaba has lowered its profit forecast to a 500 million euro pre-tax result, down from the previously expected 600-700 million euros.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
