Bank Zachodni WBK (Santander)

Registration Name  Bank Zachodni WBK SA
Location  Poland, Wrocław
Member of Group  Santander (Spain)

Bank Identifiers 
    MFI ID  PL00109
Credit Ratings (July 2014) 
    Fitch  BBB+ (good credit quality)
    Moody's  Baa1 (lower medium grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)

Bank Zachodni WBK (Santander) located at Poland, Wrocław is a member of a banking group Santander (Spain). It is one of 686 credit institutions operating in Poland.

Bank Identifiers

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


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  PL00109

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, Bank Zachodni WBK (Santander) is rated by Fitch and Moody's.

Credit ratings assigned to Bank Zachodni WBK (Santander) as of July 2014 are shown in details in the following sections.


Long-term issuer default rating is Fitch's view of a credit institution’s relative vulnerability to default on its financial obligations, for Bank Zachodni WBK (Santander) it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Bank Zachodni WBK (Santander) is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb
Support Rating  2
Support Rating Floor  WD

Viability rating for Bank Zachodni WBK (Santander) is set to bbb (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).


Long-term rating is for Bank Zachodni WBK (Santander) it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.

Long-Term Rating  Baa1
Long-Term Bank Deposit Rating  Baa1
Bank Financial Strength Rating  D+
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of Bank Zachodni WBK (Santander) is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Poland are obliged to participate in Polish deposit guarantee scheme.

In the case of Bank Zachodni WBK (Santander) failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)
Maximum Protected Amount  100 000 EUR
Paid In Currency  PLN

Further Information: Deposit Guarantee Scheme in Poland

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  No
Exempt from MRR by ECB  No

Contact Information

Primary Address  50-950, Wrocław, Rynek 9/11

Related Information on Poland

Economy and Banking Sector of Poland

List of Banks in Poland