Helaba Owners Agree on Plan to Boost German Lender’s Capital

Landesbank Hessen-Thueringen’s owners have agreed on converting the state’s silent participations to boost the lender’s capital, according to a joint e-mailed statement.

Helaba’s owners, including the states of Hesse and Thuringia and regional savings banks, have sent a preliminary contract to German financial regulator BaFin.

The adaptation of the silent participations should give Helaba a core tier 1 ratio of about 10 percent, Hesse’s Finance Minister Thomas Schaefer said in the statement.

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.