Helaba Opens a Representative Office in Singapore

FRANKFURT AM MAIN, Germany and SINGAPORE, May 28, 2015 /PRNewswire/ --

Today, Helaba Landesbank Hessen Thüringen opened a representative office in Singapore. This new Helaba business location is in one of the world's strongest growth regions and constitutes the next step to a comprehensive strategic realignment in the business field of foreign trade financing. "The opening of the representative office in the Singapore financial centre," states Hans-Dieter Brenner, Helaba CEO, "is a further milestone in the positioning of our bank as the leading foreign trade financing institution in the savings banks organization."

Since the beginning of 2014, Helaba has been implementing a new strategic orientation in foreign trade financing. The aim is to significantly improve the offer for its own direct customers and also for the customers of the savings banks. In addition to buyer's credits and forfaiting, the product range comprises all the trade finance products that assist the German economy in its trading activities with the region. In this, Helaba concentrates on the most important foreign trade markets of German companies. In addition to Central and Eastern Europe, this includes the GUS and Turkey, as well as Southeast Asia, India, South Korea and China. The bank already has correspondent bank connections in 120 countries. In order to further improve its cover of Asia, last August Helaba had already entered into a cooperation agreement with Germany's largest 25 savings banks and BNY Mellon on working together in documentary credit business in the region of Southeast Asia, India and China.

Head of the representative office is Christopher Winnat. He has already been professionally engaged in the region for twenty years, seven of them directly in Singapore. During this time, he was also working for other German institutions in customer-related management functions.

Contact:
Helaba
Landesbank Hessen-Thueringen Girozentrale
Singapore Representative Office

One Temasek Avenue,
#05-04 Millenia Tower
Singapore 039192
Tel: +65-6238-0400
Fax: +65-6238-9978
http://www.helaba.com