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.
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.
BAG Bankaktiengesellschaft is a member of DZ Bank (Germany).
BAG Bankaktiengesellschaft is headquartered in Hamm, Westf..
|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.
Chart 1. Total Assets of BAG Bankaktiengesellschaft.
|Net Income (2017)|
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.
Chart 2. Net Income of BAG Bankaktiengesellschaft.
|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.
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-|
|Short-Term Issuer Default Rating||F1+|
|Support Rating Floor||-|
Viability rating for BAG Bankaktiengesellschaft is not set support rating is not assigned; support rating floor is not set.
|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|
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.
|Bank BIC Code||GENO|
|Country Code||DE (Germany)|
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.