Bank 1 Saar eG is a cooperative bank owned by its members via shares. Bank 1 Saar eG provides retail banking products and services to its customers focusing on customer requirements and development of local economy, paying special attention to small and medium-sized enterprises (SMEs).
In 2017 total assets of Bank 1 Saar eG were 3 284,06 mln EUR. Bank 1 Saar eG is the 44th largest cooperative bank in Germany (out of 913 cooperative banks) having market share of 0.37% amongst the banks of this category.
Bank 1 Saar eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).
Bank 1 Saar eG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Bank 1 Saar eG is located in Saarbrücken.
|Total Assets (2017)|
|3 284.06 mln EUR (+3.18%)|
In 2017 total assets of Bank 1 Saar eG were 3 284.06 mln EUR. Growth compared to the previous period (2016) was 3.18%. The evolution of the total assets of Bank 1 Saar eG is shown at Chart 1 below.
Chart 1. Total Assets of Bank 1 Saar eG.
Recent changes in total assets of Bank 1 Saar eG and its main components are shown in Table 1.
|Loans to customers||1 982.5||2 041.4||+2.97%|
|Total Assets||3 183.0||3 284.1||+3.18%|
|Table 1. Recent changes in total assets of Bank 1 Saar eG (mln EUR).|
Recent changes in total liabilities of Bank 1 Saar eG and its main components are shown in Table 2.
|Deposits||2 532.6||2 460.7||-2.84%|
|Total Liabilities||3 183.0||3 284.1||+3.18%|
|Table 2. Recent changes in total liabilities of Bank 1 Saar eG (mln EUR).|
|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. Bank 1 Saar eG is rated by Fitch.
Credit ratings assigned to Bank 1 Saar eG 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 Bank 1 Saar eG 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 Bank 1 Saar eG 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 Bank 1 Saar eG 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 Bank 1 Saar eG 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 Bank 1 Saar eG and its components are shown in the table below.
|Bank BIC Code||SABA|
|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 Bank 1 Saar eG is shown in the table below.