German state bank Helaba hit hard by commercial property slump

NAMPA / DPA

2026-10-28

Frankfurt (dpa) - German public-sector lender Helaba has cut its 2026 profit forecast for the second time in just a few months as the prolonged crisis in commercial real estate continues to weigh on its business. Helaba, Germany's third-largest regional state bank, now expects pre-tax profit of around ?400 million ($445 million) this year, down from the ?500 million forecast announced in late August, chief executive Thomas Gross said on Tuesday e......

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