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Helaba Posts €241 Million Loss for 2023 as It Ramps Up Risk Provisions

German Lender Hit by Falling Values of Office and Retail Properties
The Frankfurt-based bank does not see a recovery for offices and retail this year.  (Getty Images/iStockphoto)
The Frankfurt-based bank does not see a recovery for offices and retail this year. (Getty Images/iStockphoto)
By Thomas Daily, Bert Erik ten Cate
March 15, 2024 | 11:35 AM

German lender Helaba has posted a €241 million loss for the financial year 2023 compared with a €286 million profit a year earlier.

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