investor presentation the helaba group

Investor Presentation The Helaba Group | March 2022

Values with impact.

Investor PresentationThe Helaba GroupFrankfurt / Main, March 2022


1. Helaba’s Business Model

2. Helaba as Sparkassen Central Bank

3. Business Development

4. Asset Quality

5. Strategic Agenda and Outlook

6. Sustainability in Helaba Group

7. Funding

Agenda


Sparkassen – German savings banks

Central S-Group institution for savings

banks and S-Group bank, acting as a

partner rather than a competitor

Core markets

Germany with a regional focus and a

selected international presence

Pre-tax profit: € 569 m

Employees: approx. 6,300

Ratings: Moody’s Aa3 / Fitch A+ / S&P A-

Owners

12% Federal States of Hesse & Thuringia

88% German savings bank sector

Customer base

Long-term relationships with corporates,

institutional clients, the public sector and

retail customers

Total assets: € 212 bn

RWA: € 64 bn

CET1 ratio: 14.3%

Helaba

At a glance

S

As of 31 December 2021


Helaba’s strategic business model has proven its worth - even in times of crisis


Helaba’s strategic business model

Commercial bank Central S-Group institution Development bank

As a commercial bank, Helaba is active in

both Germany and abroad. Stable, long-term

customer relationships are the hallmarks of

Helaba’s approach. It works with companies,

institutional customers and the public sector.

Helaba is the central S-Group institution as

well as the preferred service provider and

product supplier for Sparkassen in Hesse,

Thuringia, North Rhine-Westphalia and

Brandenburg, which account for 40% of all

Sparkassen in Germany. Helaba acts as a

partner rather than a competitor of the

Sparkassen.

As the central development bank of the State

of Hesse, Helaba bundles the administration

of public development programmes through

its WIBank subsidiary.


Real Estate Corporates & Markets Retail & Asset Management Development Business Other

Commercial real estate

finance

Corporate Banking

Asset Finance

Joint lending activities

with Sparkassen

Capital market and treasury

products

Cash management

Public finance

International business

Retail banking

Private banking

Home loans and

savings business

Asset management

Residential real estate

portfolio

Custodian banking services

Public development

programmes on behalf of

the State of Hesse

Project development and

co-ordination as well as

real estate management for

large-scale properties

Issuance of own debt

instruments for

institutional and retail

customers

A comprehensive product portfolio for our customers


Strongly characterised by the Sparkassen sector with 88 % of share capital

Helaba’s ownership structure

Sparkassen sector S

Savings Banks and Giro

Association Hesse-Thuringia (68.85 %)

Savings Banks Association Westphalia-Lippe (4.75 %)

Savings Banks and Giro Association of the Rhineland (4.75 %)

FIDES Alpha GmbH (4.75 %)1

FIDES Beta GmbH (4.75 %)2

Federal States

State of Hesse (8.1 %)

Free State of Thuringia (4.05 %)

1) FIDES Alpha GmbH, trustee of the guarantee funds of the regional savings banks associations, represented by the German Savings Banks Association (DSGV) 2) FIDES Beta GmbH, trustee of the guarantee fund of the Landesbanken, represented by the German Savings Banks Association (DSGV)

12%88%

Helaba is closely and permanently integrated into the Sparkassen-Finanzgruppe





4. Asset Quality



7. Funding

Agenda


Consolidated financial statements

Consolidated financial statements since 2003

Profit before taxes 2020 (IFRS): € 724 m

Group ratings from Fitch Ratings (A+) and Standard &

Poor’s (A-)

Joint group reserve fund

Integrated in joint risk management system

Around € 622 m in addition to existing nationwide

institutional protection schemes as of 31 December 2020

Direct protection for creditors in addition to institutional

protection

Joint risk management

Uniform risk management strategy

Risk monitoring system with early warning indicators

Risk-adjusted contributions to group’s guarantee fund

Joint market presence

Joint business strategy

Full market coverage

(retail and wholesale business)

Clear division of customer responsibility

Co-ordinated range of products

The S Group concept in Hesse & Thuringia

A single economic unit with unique franchise

Platform for productsand services

Joint risk managementWholesale business

Access to global marketsSME & retail customers

in the region

S

Facts & figures in 2020 of S Group Hesse & Thuringia

Total assets of € 332 bn

Profit before taxes (IFRS) of € 724 m

23,474 employees

1,401 branches and offices incl. self-service terminals


Co-operation agreements with S-Group associations in

NRW and Brandenburg

Central S-Group institution for Sparkassen in North Rhine-

Westphalia and Brandenburg

Joint sales and marketing strategy

1. Helaba is preferred S-Group partner

2. Target S-Group ratio of 60 – 80 %

3. Clear customer segmentation

4. Co-ordinated range of products

Risk and S-Group advisory board

Consultation role, but no rights of inspection or

intervention

Regional reserve fund (only in NRW), contributions by

Sparkassen in NRW

S-Group concept in Hesse & Thuringia based on business

model of a single economic unit

Central S-Group institution for Sparkassen in Hesse and

Thuringia

Joint sales and marketing strategy

1. Helaba is preferred S-Group partner

2. Target S-Group ratio of 60 – 80 %

3. Clear customer segmentation

4. Co-ordinated range of products

Joint risk monitoring system with traffic-light early

warning indicators

Risk Committee and S-Group Committee

with rights of inspection and intervention

Regional reserve fund to cover mutual risks and directly

protect creditors; contributions by S-Group members

Consolidated group financial statements under IFRS,

joint group rating

S-Group concept in Hesse-Thuringia, co-operation agreements with S Group associations in NRW

and Brandenburg


The leading S-Group Bank within the German S Finanzgruppe

Hesse-Thuringia

Home region with central S-Group

function for associated Sparkassen

Sparkassen and federal states are

among Helaba’s shareholders

“S-Group concept” with business

model of a single economic unit, joint

reserve fund as well as consolidated

financial statements and group

ratings

Head offices in Frankfurt and Erfurt

North Rhine-Westphalia

Home region with central S-

Group function for associated

Sparkassen

Savings banks associations in

NRW are among Helaba’s

shareholders

S-Group agreements form basis

for co-operation; regional reserve

funds in NRW

Dusseldorf branch office, Münster

sales office

Other regions

Focus on Rhineland-Palatinate,

Bavaria and Baden-Württemberg

Sales offices in Munich, Stuttgart

and Berlin

Brandenburg

Home region with central S-Group function

for associated Sparkassen and S-Group

agreements

Berlin sales office

Head office Branch office Sales office

Stuttgart

Münster

Berlin

Frankfurt

ErfurtDüsseldorf

München

Kassel

Helaba is the central S-Group

institution for around 40 % of

German Sparkassen


1. Helaba’s business model



4. Asset Quality



7. Funding

Agenda


Helaba on track with very encouraging result in 2021

Consolidated net profit before tax of € 569 m back to pre-pandemic level

Strategic agenda pays off – consistent progress in driving it forward to continue

Further growth in operating activities – net fee and commission income with significant rise of 11.4%

Modest increase in general and administrative expenses (+3.1 %) despite higher bank levy

Risk provisioning falls to € 207 m (-32.3 %) but remains adequate

Comfortable CET1 ratio of 14.3 % (2020: 14.7 %)

Helaba only has very low direct exposure to Russia and Ukraine


Overview of Helaba Group's earnings position

Income Statement of Helaba Group (IFRS) 2019 2020 2021 Change yoy

€ m € m € m € m %

Net interest income 1,191 1,172 1,326 153 13.1

Provisions for losses on loans and advances -86 -305 -207 99 -32.3

Net interest income after provisions for losses on loans and advances 1,105 867 1,119 252 29.1

Net fee and commission income 395 435 485 50 11.4

Net income from investment property 214 215 218 3 1.2

Gains or losses on fair value measurement 128 4 183 179 >100.0

Share of the profit or loss of equity-accounted entities 24 4 22 18 >100.0

Other net income 173 166 57 -110 -65.9

General and administrative expenses (incl. scheduled depreciations) -1,521 -1,468 -1,515 -46 -3.1

Consolidated net profit before tax 518 223 569 346 >100.0

Tax on income -48 -46 -67 -21 -46.5

Consolidated net profit 470 177 501 325 >100.0


Profit before taxes by business segment

15

Segment contribution to consolidated net income underlines the Helaba Group's well-balanced business model

Segment performance returns to pre-pandemic level

Net earnings from Corporates & Markets segment driven by valuation recoveries, higher margins and TLTRO premiums

Improved result in Other segment mainly due to lower level of general risk provisioning items not allocated to segments

Profit before taxes as of December 31, 2021

in € m

Profit before taxes as of December 31, 2020

in € m

224 224

462

707569 569

238

245

33

-171

0

100

200

300

400

500

600

700

800

Real Estate Corporates &Markets

Retail & AssetManagement

DevelopmentBusiness

Other (incl.consolidation)

Profit before taxes

252 252 257

459

224 223

5

202

33

-268

0

100

200

300

400

500

600

Real Estate Corporates &Markets

Retail & AssetManagement

DevelopmentBusiness

Other (incl.consolidation)

Profit before taxes


Requirement / Target ratio

2019 2020 2021

Cost-Income Ratio <70% 71.6% 73.5% 66.1%

Return on equity (RoE) 5-7% 6.1% 2.6% 6.4%

CET1 ratio 8.5%1 14.2% 14.7% 14.3%

Total capital ratio 19.0% 19.1% 18.1%

Leverage Ratio 3.2%2 4.5% 4.8% 5.7%

Liquidity coverage Ratio >125% 225% 202% 183.8%

Net Stable Funding Ratio (NSFR) >105% - - 118.0%

Key ratios

16

Positive trend in key performance indicators

1) Derived from SREP requirement as of 31 December 2021 taking capital buffers into account

2) Minimum leverage ratio in accordance with ECB's temporary relief measures due to ongoing COVID-

19 pandemic

RoE and CIR comfortably within target corridor

Decrease in CET1 ratio to 14.3% and total capital ratio to 18.1% due to increase in RWAs

Increase in leverage ratio to 5.7 % as of 31 December 2021

Liquidity coverage ratio (LCR) at 183.8 %

Requirement since 30 June 2021 to adhere to Net Stable Funding Ratio (NSFR), which is focused on stability of funding profile. Current level: 118.0 %

All regulatory ratios significantly above requirements


Total lending volume in 2021 increased by € 5.6 billion compared to previous year. This is predominantly attributable to higher receivables from the public sector

New medium and long-term lending volume of € 16.5 bn below previous year’s level

17

Slight increase in lending volume - remains well diversified

New medium and long-term business: € 16.5 bn1 (PY: € 17.6 bn) in € bn

Real Estate Finance

6.1 (PY 6.9)

2.0 (PY 1.6)

Retail & Asset Management

8.4 (PY 9.0)

Corporates & Markets

1) new medium and long-term business excluding WIBank

50.0 61.8 69.0

41.942.1 42.9

40.334.9 32.2

30.9 33.2 35.519.5

19.1 19.025.6 23.9 22.2

0

50

100

150

200

250

2019 2020 2021

Public Sector Commercial Real Estate

Financial Institutions Corporates

WIBank Other

Breakdown of lending volume by customerin € bn

Volume220.8

Volume215.2

Volume208.3


Capital ratio development in % points

14.20% 14.70% 13.90% 14.30%

8.50%

-0.8%

0.4%

CET1 ratio2019

CET1 ratio2020

RWAchanges

Capitalchanges

CET1 ratio2021

Requirement

18

Comfortable levels of capital ratios

Helaba is well capitalised and all regulatory requirements are

significantly exceeded:

□ CET1 ratio of 14.3 %

Changes in capital ratios compared to previous year mainly due to

stronger rise in RWAs in relation to equity base. Risk-weighted assets

amounted to € 63.8 bn (previous year: € 60.5 bn). This rise was partly

due to the effects of applying CRR II methodology


MREL requirements still comfortably exceeded

24.96%18.1%

25.2%

19.3%

MREL requirement*(already as of 01.01.2024)

Actual MREL level(as of 31.12.2021)

∑ 62.6%

MREL requirement and actual levelin % of RWA

MREL requirement Senior non-preferred

Regulatory Capital

Senior preferred – thereof eligible

MREL requirement and actual levelin % of LRE

7.82% 6.8%

9.5%

7.3%

MREL requirement(alread as of 01.01.2024)

Actual MREL level(as of 31.12.2021)

∑ 23.6%

SubordinationRequirement

24.96% RWA*

SubordinationRequirement

7.82% LRE

MREL requirement (according to EU banking package) already from 01 Jan.

2024 onwards, (based on data 31 Dec. 2020):

24.96% in respect of RWA (risk-weighted assets) and

7.82% in respect of LRE (leverage ratio exposure)

“Subordination requirement” at 24.96% RWA* and 7.82% LRE

Helaba’s MREL level as of 31 Dec. 2021 , significantly above regulatory

requirements:

62.6% RWA

23.6% LRE,

“Subordination Level“ stands at 43.3% RWA** and 16.3% LRE

Regulatory capital already sufficient to cover Helaba‘s MREL requirements nearly

on its own

High level of Senior non-preferred liabilities effectively protects higher-ranking

Senior preferred class and provides extensive protection within Senior non-

preferred class itself

19

** to be fulfilled with regulatory capital and “subordinated“ liabilities, i.e. “Senior non-preferred“)

* MREL requirements as of 2024 already include 3.26% Combined Buffer Requirements





4. Asset Quality



7. Funding

Agenda


Diversified credit portfolio with focus on Germany

Growth in total lending volume to € 220.8 bn (previous year: € 215.2 bn) while composition of portfolio by customer group and

regional distribution largely unchanged

Public sector, Corporates and Commercial Real Estate still most important customer groups

Strong regional focus on Germany: two-thirds of portfolio allocable to domestic marketAs of Dec 31, 2021

Breakdown by customer

Corporates

Public Sector

Commercial Real Estate

Financial Institutions

25%

31%19%

15%

1%

9%

WIBank

Retail Customers

Breakdown by region

Germany

Rest of Europe

69%

21%

9%

North America

1%

Other


NPL ratio remains low

As of 31 December 2021, NPL ratio had increased to 0.8 % compared to level at end of 2020 financial year, but remains low. The main drivers were aircraft and commercial real estate finance

Non-performing exposures accounted for € 1.3 bn of the € 169.0 bn in loans and advances

Total lending volume of € 220.8 bn

95% of total credit exposure associated with excellent to satisfactory credit ratings

Total volume of lending by default rating category (RC)

0.8%0.7%

0.4%0.5%

0.8%

2017 2018 2019 2020 2021

Development of NPL1 ratio

1) The NPL ratio is the share of non-performing exposures according the EBA definition in relation to loans and advances to customers/banks. Based on Finrep data

As of Dec 31, 2021

RC 14-24: Sufficient to lower

financial performance; ≙ S&P Rating: < BB

RC 0-1: No default risk to excellent

and sustainable financial

performance; ≙ S&P Rating: AAA /

AA+

RC 8-13: Very good to

satisfactory financial

performance; ≙ S&P Rating: BBB+ to BB

RC 2-7: Exceptionally high to

outstanding financial performance;

≙ S&P Rating: AA to A-

5%

42%

28%

25%


Risk provisioning falls, specific credit risk adjustments (stage 3) rise but within anticipated corridor

Net additions to loan loss provisions primarily in the segments of Real Estate (driven by retail properties), Corporates & Markets as well as Other

Includes management adjustment and an adjustment to risk provisioning in the Other segment

Overall reduction in risk provisioning

Substantial allocations to stage 2 provisions for portfolio risks already made in previous year, but maintained to a large extent in 2021

Increase in Stage 3 risk provisioning due to rising credit defaults in the wake of ongoing economic impact of COVID-19 pandemic

Breakdown by segmentin € m

-28

0

-3

-68

13

-209

0

-29

-63

-4

-74

0

1

-48

-86

-300 -200 -100 0 100

Other (incl. Consolidation)

Development Business

Retail & Asset Management

Corporates & Markets

Real Estate

2021 2020 2019

Net allocations to risk provisioning 2019 2020 2021

€ m € m € m

Stage 1 15 4 26

Stage 2 -78 -258 -118

Stage 3 -30 -53 -117

Direct write-downs -3 -3 -3

Recoveries on previously impaired loans/advances 10 4 6

Net risk provisioning -86 -305 -207


By type of use By region

24

Real Estate Finance Portfolio

Business volume of € 36.5 bn

Balanced portfolio by regions and type of use

As of Dec 31, 2021

Office buildings

Retail

Other

49%

18%

8%

5%

20%

Residential

Logistics

Germany

North America

42%

23%

18%

GB/France

17%

Rest of Europe


Corporate Banking & Asset Finance Portfolio

Business volume of € 49.7 bn

By regionBy product area

As of Dec 31, 2021

Broadly diversified portfolio with focus on Europe

Germany

Rest of Europe

North America

55%

25%

9%

United Kingdom

9%

Corporate Loans & Lease Finance

Asset Backed Finance

Acquisition Finance

Project Finance

37%

17%

10%

5%

8%

5%

Aviation

Land Transport Finance

Structured Trade & Export Finance

17%

Other

2%1%

Other


Helaba has been steadily reducing its exposure in Russia and Ukraine for many years. Last week, it suspended all new

business with Russia.

The net exposure in both countries together is currently in the low double-digit million range and mainly consists of

export and trade finance.

Helaba has already factored in the risks for its Russian exposure by setting aside a general loss provision in the annual

financial statements.

As a major provider of payment transactions, Helaba is working closely with relevant authorities to implement embargos

and sanctions. Implementing sanctions (blacklists) in the bank‘s technical systems is a well-established process.

At present, Helaba is analysing its portfolios with regard to possible second and third -round effects. This includes:

□ An analysis of the possible impact of the sanctions on Helaba's credit portfolio

□ An analysis of customer groups with strong business ties to Russia, Ukraine and neighbouring regions

□ A review of the bank's preparedness with respect to possible cyber-attacks

□ An analysis of potential consequences for Helaba's profitability

Helaba only has very low exposure to Russia and Ukraine


The Group's very encouraging performance in 2021 as a whole was also based on the consistently good quality of its

portfolio. The rise in stage 3 credit defaults was in line with expectations and is manageable. A management adjustment

of € 113 m accounts for more than half of risk provisioning in 2021.

Conditions in 2022 will remain challenging in view of continued uncertainty, especially due to the war in Ukraine, further

inflation developments, the future course of the pandemic and supply chain constraints. However, Helaba is actively

managing the risks associated with sectors affected by these factors and is in a position to react effectively to further

developments as they arise.

Provided that the economic recovery continues, we expect a reduced level of risk provisioning for 2022 as a whole. We

had already made ample provision for portfolio risks in 2020 and 2021.

Conclusion and outlook for portfolio quality





4. Asset Quality



7. Funding

Agenda


Helaba on track – strategic agenda paying off in all areas of action

Diversify our business

model more broadly and

boost efficiency

Share of non-interest activities significantly increased

Trend of rising costs at bank

curbed

Modernise the IT

infrastructure and drive

the digital transformation

Modernisation of IT infrastructure progressing as

planned

Full digitisation of Schuldschein issuance on vc trade platform

successfully completed

Harness sustainability as an

opportunity for growth and

strengthen diversity

Expansion of Sustainable Finance Advisory to support our

customers

Range of our ESG products to be continuously expanded


Conditions for 2022 will be marked by numerous uncertainties in

the wake of the Ukraine conflict.

Overall, Helaba is only impacted directly to a very small extent.

New business with Russia has been suspended. The sanctions

imposed are being implemented.

We will continue to monitor and analyse further developments

very closely.

With its broadly diversified business model and the consistent

implementation of its strategic agenda, Helaba is well placed to

meet any challenges that may arise in 2022.

Helaba's earnings target for 2022 is in line with its medium-term

objectives. However, given the war in Ukraine and the current

very high level of uncertainty in respect of possible second and

third-round effects, we have decided not to issue a specific

earnings forecast.

Outlook

30





4. Asset Quality



7. Funding

Agenda


Helaba‘s approach to sustainability is…

Hands-on

Helaba engages in

sector initiatives and

promotes sustainability solutions

in financial services

Integrated

Helaba manages sustainability

using an integrated KPI-system

in business strategy

and risk strategy Norm-based

Helaba commits itself to

climate protection

and internationally recognized

sustainability standards


Sustainability and ESG-Goals of Helaba

ESG-Goals of Helaba Group

Social

We support women

In fulfilling their

career potentials

3

We invest in

our employees

and society

4 Social

ESG (inkl. Governance-Komponenten)

We strive for a

strong & stable ESG-Rating

5

Environment

We reduce our emissions

in operations

as much as possible

1

With our actions

we foster achieving

the Paris climate goals

2 Environment

absenteeism rate caused of illness < 4 %

average period of service 15 years

Proportion of female managers 22,8 %

Share of renewable energy consumption > 90%

Annual CO2-emissions ~ 11,000 Tons

Share of part-time workers 23,1 %

Number of notified corruption proceedings 0

Selection of sustainability KPIs of Helaba Group

Specific targets and metrics are developed to achieve the group-wide goals, based on

the existing sustainable KPI system

https://www.helaba.com/de

https://www.helaba.com/de/ueber-uns/die-helaba/nachhaltigkeit/engagement/engagement.php

https://www.helaba.com/media/docs/int/informations-for/investors/publications/annual-reports/annual-reports-2020/annual-report-2020-under-ifrs.pdf

https://www.helaba.com/de/informationen-fuer/medien-und-oeffentlichkeit/news/meldungen/2021/helaba-standorte-weltweit-machen-bei-earth-hour-mit.php

https://www.helaba.com/de/ueber-uns/die-helaba/nachhaltigkeit/strategie/daten.php


Helaba has integrated binding sustainability criteria in risk management

Risk strategy

Business strategy (incl. Sustainability strategy)

Identification Evaluation ManagementSupervision /

Reporting

Risk management model Binding requirements in risk strategy

Overarching principles:

UN Global Compact , OECD-Guidelines for export finance

Exclusions:

Nuclear power, coal industry (incl. supply chain), Fracking, Arctic Drilling, oilsands, soft

commodities, controversial weapons, gambling, pornography, prostitution

Minimum standards (selection):

Forestry , mining

Binding: Every new business must comply with defined requirements

Complete: Criteria apply to all forms of engagements group-wide

Effective: Since implementation in 2018 no non-compliant new business

Systematic: Annual evaluation process as part of regular risk strategy update

Transparent: Criteria are publicly disclosed on website (sustainability.helaba.com)

https://www.helaba.com/int/about-us/helaba/sustainability/index.php


Demand-oriented services with ESG components

Green, Social &

ESG-Linked Loans/

Transition Finance

Green, Social &

ESG-Linked Bonds/

Schuldscheine

Environmental

Sustainable focus

through

promotional loans

ESG Impact

Project Finance

Social

ESG-linked

Guarantee

Facilities

Green Transport

Finance

Green Real Estate

Finance

Governance

ESG in Asset

Management

Further common

solutions


Helaba’s focus on sustainability reflected in sustainability ratings

A

CPrime

19.1Low Risk

C C C

2019 2020 2021

A A A

2019 2020 2021

23.5 20.7 19.1

2019 2020 2021

Among the top 10 % in peer group of 243 banks

Rating B- for sub-rating “Social & Governance”

Scale from D- to A+

In upper midfield in peer group of 192 banks

Top score for sub-rating “Financing Environmental Impact”

Scale from CCC to AAA

Among top 10% in peer group of 407 banks

Top score for sub-rating “Corporate Governance”

Scale from 0 (best) to 100

As of Dec 31, 2021





4. Asset Quality



7. Funding

Agenda


Strong national refinancing base

Funding Programmes

€ 35 bn Medium Term Note-Programme

Domestic issues (base prospectus)

€ 10 bn Euro-CP/CD-Programme

€ 6 bn NEU CP- (former French CD) Programme

$ 5 bn USCP-Programme

Funding Strategy

Continued matched funding of new business

Further expansion in strong position among German investors and targeted growth in international investor base

Focus Helaba’s sound “credit story” in and outside Germany

Further development of product and structuring capacity using issuance programmes

Broad Access to Liquidity

€ 50 bn cover pool for covered bonds

€ 32 bn securities eligible for ECB/ central bank funding

€ 21 bn retail deposits within Helaba Group

38

Funding Volume

Covered Unsecured Total

2021 € 0 bn € 11.1 bn € 11.1 bn

2022 planned € 3 bn € 9.0 bn € 12.0 bn


Outstanding medium and long-term funding ( ≥ 1 year): € 110.5 bn

39

Long-term liquidity management and high degree of market acceptance

As of Dec 31, 2021

Schuldscheine

Other

Mortgage Pfandbriefe

Bank bonds unsecured

Public Pfandbriefe

* Subordinated bonds/ participation certificates/ silent partnership contributions/earmarked funds

Year-on-year comparison 2019 2020 2021

€ m € m € m

Covered bonds (“Pfandbriefe”) 38.450 34.592 29.446

thereof public sector 27.492 25.208 21.979

thereof mortgage backed 10.958 9.384 7.467

Senior unsecured bonds 23.181 24.491 24.644

Schuldscheine 26.816 44.902 44.098

Miscellaneous* 11.217 11.650 12.326

Total 99.664 115.635 110.514

40%

11%

20%

7%

22%


Medium and long-term funding (≥ 1 year) in 2021

As of Dec 31, 2021

Helaba stärkt Kapitalbasis durch neues AT1-Haftkapital

By investor

Domestic and International institutional investors

Retail direct(Sparkassen via Depot A)

30%

46%

24%

Retail indirect (Sparkassen via Depot B)

By product

in € bn

Earmarked funds

Schuldscheine and other loans

Subordinated funds

Unsecured bearer bonds

2.4

0.1

4.3

4.3

Medium/long-term funding volume in 2021: € 11.1 bn (excluding TLTRO III drawdowns)

Focus on unsecured funding including debut issue of Green Bond to finance sustainable solar and wind energy projects


Helaba Ratings on a high level

Deposits in protection scheme (< € 100,000)(covered deposits pursuant to deposit guarantee scheme)

Covered bonds

Inso

lve

ncy

/ li

ab

ilit

y c

asc

ad

e

CET1

AT1

Tier 2

Deposits from private customers and SMEs (> € 100,000)(eligible deposits pursuant to deposit guarantee scheme)

Senior Preferred

Derivates Structured Notes Other DepositsSenior Preferred

Notes

Senior Non-Preferred

Senior Non-Preferred Notes (statutory)

Senior Non-Preferred Notes (contractual)

AaaCovered bonds

Baa2

A2

Aa3

AAAPublic sector CB

A-

A+

AA-

BBB+

A-

1) Joint group rating for the S-Group Hesse-Thuringia

1

Issuer RatingAa3

L/t Issuer Default Rating1

A+ L/t Issuer Credit Rating

A-

Insolvency hierarchy in Germany

41

As of 04 January 2022


Dirk Mewesen

General Manager, Head of Treasury

Phone +49 69/91 32 – 46 93

[email protected]

Henning Wellmann

Head of Liability Management & Funding

Phone +49 69/91 32 – 31 42

[email protected]

Martin Gipp

Head of Funding

Phone +49 69/91 32 – 11 81

[email protected]

Nadia Landmann

Debt Investor Relations / Funding

Phone +49 69/91 32 – 23 61

[email protected]

Your contacts

Helaba

Neue Mainzer Straße 52 – 58

60311 Frankfurt /Main

Phone +49 69/91 32 – 01

www.helaba.com


Disclaimer

This presentation and the information contained herein do not constitute or form part of a prospectus or other

offering document in whole or in part and should not be construed as an offer or solicitation to buy or sell any

securities or any related financial instruments and should be regarded as informative only. All information is as of

the date of publication and can change without any further notice. Whilst every effort has been taken to ensure the

accuracy of the presentation material, no guarantee is given nor liability assumed for the information contained

herein.

Helaba does not offer any advice as regards to taxation and accounting or legal matters. From the past result,

performance or achievements no conclusions as to the future results, performance or achievements can be drawn.

The 2021 group financial information are based on the attested and approved by the owners of the bank IFRS

group accounts. All calculations based upon these figures should be regarded as informative only.

All forms of distribution of this document require the prior written approval by Helaba.

43

© Landesbank Hessen-Thüringen Girozentrale, Frankfurt /Main and Erfurt

investor presentation the helaba group

Documents