Volksbank Ruhr Mitte eG

Registration Name:  Volksbank Ruhr Mitte eG
Location:  Germany, Gelsenkirchen
Member of Group:  DZ Bank (Germany)

Bank Identifiers
    BIC (SWIFT):  GENODEM1GBY
    MFI ID:  DE02793
Credit Ratings
    Fitch:  A+ (high credit quality)
    Moody's:  - (not rated)
    S&P's:  AA- (very strong capacity to meet its financial commitments)

Volksbank Ruhr Mitte eG located at Germany, Gelsenkirchen is a member of a banking group DZ Bank (Germany). It is one of 1845 credit institutions operating in Germany.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC:  GENODEM1GBY
Bank BIC Code:  GENO
Country Code:  DE (Germany)
Location Code:  M1
Branch Code:  GBY

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID:  DE02793

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Volksbank Ruhr Mitte eG is rated by Fitch and Standard & Poor's.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution’s relative vulnerability to default on its financial obligations, for Volksbank Ruhr Mitte eG it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Volksbank Ruhr Mitte eG is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating:  A+
    Outlook:  stable
    On Watch:  No
Short-Term Issuer Default Rating:  F1+
Viability Rating:  -
Support Rating:  -
Support Rating Floor:  -

Viability rating for Volksbank Ruhr Mitte eG is not set; support rating is not assigned; support rating floor is not set.

Standard & Poor's

Long-term foreign currency rating for Volksbank Ruhr Mitte eG is set to AA- (very strong capacity to meet its financial commitments). Long-term local currency rating is set to AA- (very strong capacity to meet its financial commitments).

Long-Term Foreign Currency Rating:  AA-
    Outlook:  stable (not likely to change)
Long-Term Local Currency Rating:  AA-
    Outlook:  stable (not likely to change)
Short-Term Foreign Currency Rating:  A-1+
Short-Term Local Currency Rating:  A-1+

Short-term foreign currency rating for Volksbank Ruhr Mitte eG is set to A-1+ (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1+ (strong capacity to meet its financial commitments).

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB:  Yes
Exempt from MRR by ECB:  No

Contact Information


P.O. Box:  201052
Primary Address:  45894, Gelsenkirchen, Goldbergplatz 2-4

Related Information on Germany

Economy and Banking Sector of Germany

List of Banks in Germany