BAG Bankaktiengesellschaft

BAG Bank is 99.9% owned by the Federal Association of German Cooperative Cooperative Banks (de: des Bundesverbandes der Deutschen Volksbanken und Raiffeisenbanken, BVR). BAG Bank is a specialized bank responsible for servicing, purchasing, and restructuring of BVR's problem loans. BAG Bank also provides real estate solutions.

Financials

Total Assets (2017)
389.90 mln EUR  (-7.25%)
Net Income (2017)
0.00 EUR

In 2017 total assets of BAG Bankaktiengesellschaft were 389,90 mln EUR. In 2017 the bank's net income was 0,00 EUR.

BAG Bankaktiengesellschaft is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

BAG Bankaktiengesellschaft participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Member of Group

 DZ Bank (Germany)

BAG Bankaktiengesellschaft is a member of DZ Bank (Germany).

Contacts

Gabelsbergerstr. 1a, 59069, Hamm, Westf., Germany
1573

BAG Bankaktiengesellschaft is headquartered in Hamm, Westf..

Bank Identifiers

BIC (SWIFT)
GENODEM1BAG
MFI ID
DE02817

Financial Positions

Total Assets (2017)
389.90 mln EUR  (-7.25%)

In 2017 total assets of BAG Bankaktiengesellschaft were 389.90 mln EUR. Decline compared to the previous period (2016) was -7.25%. The evolution of the total assets of BAG Bankaktiengesellschaft is shown at Chart 1 below.

Total Assets of BAG Bankaktiengesellschaft.

Chart 1. Total Assets of BAG Bankaktiengesellschaft.

Profit and Loss

Net Income (2017)
0.00 EUR

In 2017 net income of BAG Bankaktiengesellschaft was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the net income of BAG Bankaktiengesellschaft is shown at Chart 2 below.

Net Income of BAG Bankaktiengesellschaft.

Chart 2. Net Income of BAG Bankaktiengesellschaft.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
1000th (market share 0.01%)

In 2016 BAG Bankaktiengesellschaft was ranked the 1000th largest bank in Germany in terms of total assets, having 0.01% of the domestic market share.

Market share of BAG Bankaktiengesellschaft (among banks in Germany)

Chart 3. Market share of BAG Bankaktiengesellschaft (among banks in Germany)

Several banks having the market shares and ranks closest to BAG Bankaktiengesellschaft are shown below.

RankNameTotal AssetsMarket Share
999 Raiffeisenbank Am Goldenen Steig eG420.70 mln EUR0.01%
1000 BAG Bankaktiengesellschaft420.39 mln EUR0.01%
1001 Volksbank-Raiffeisenbank Dingolfing eG419.30 mln EUR0.01%
 

Credit Ratings (as of May 2018)

Fitch Moody's
AA- (very high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. BAG Bankaktiengesellschaft is rated by Fitch.

Credit ratings assigned to BAG Bankaktiengesellschaft as of May 2018 are shown in details in the following sections.

Fitch

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

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

Viability rating for BAG Bankaktiengesellschaft is not set support rating is not assigned; support rating floor is not set.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

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

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of BAG Bankaktiengesellschaft failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.

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).

BIC of BAG Bankaktiengesellschaft and its components are shown in the table below.

BIC  GENODEM1BAG
Bank BIC Code  GENO
Country Code  DE (Germany)
Location Code  M1
Branch Code  BAG

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.

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.

MFI ID of BAG Bankaktiengesellschaft is shown in the table below.

MFI ID  DE02817