12.07.2024
Helaba's governing bodies approved on Friday the previously announced partial structural change to the bank's capital composition.
The purely regulatory measure provides, among other things, for the State of Hesse to receive back its previous silent participations and, in return, to subscribe to Helaba's equity, among other things.
The State of Hesse had already presented the details of the partial change to the capital structure in April 2024, which can be found on the website of the Hessian Ministry of Finance. As soon as the technical implementation of the change has been completed, Helaba will make the information available on its website in August. The structural change has already been approved by banking supervisory authorities, while the Hessian State Parliament released funds in a supplementary budget on 11 July.
The background to this issue was a review of European banks' capital instruments undertaken by the European Banking Authority (EBA). The solution agreed upon provides for the silent participation to be returned to the State of Hesse in exchange for the state purchasing equity (Stammkapital) as well as an AT-1 issuance of Helaba.