COREALCREDIT BANK AG

Starting from May 5, 2015, COREALCREDIT BANK AG is a wholly owned subsidiary of Aareal Bank AG. On June 15, 2015, all the banking operations associated rights and obligations arising from the contractual relationships with third parties COREALCREDIT BANK AG automatically transferred in their entirety to the Aareal Bank AG.

On June 17, 2015 the name of the company was changed to "Aareal Beteiligungen AG" while location and business remain unchanged.

COREALCREDIT BANK AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).

COREALCREDIT BANK AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Grüneburgweg 58-62 (Corealcredit-Haus), 60322, Frankfurt am Main, Germany
170162

COREALCREDIT BANK AG was headquartered in Frankfurt Am Main.

Bank Identifiers

BIC (SWIFT)
AHYBDEFFXXX
MFI ID
DE03256
Close Date
June 2015

Credit Ratings (as of May 2018)

Fitch Moody's
BBB (good credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. COREALCREDIT BANK AG is rated by Fitch.

Credit ratings assigned to COREALCREDIT BANK AG 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 COREALCREDIT BANK AG 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 COREALCREDIT BANK AG 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  WD
Support Rating  2
Support Rating Floor  WD

Viability rating for COREALCREDIT BANK AG is set to WD (withdrawn); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).

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 COREALCREDIT BANK AG 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 COREALCREDIT BANK AG and its components are shown in the table below.

BIC  AHYBDEFFXXX
Bank BIC Code  AHYB
Country Code  DE (Germany)
Location Code  FF
Branch Code  XXX

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 COREALCREDIT BANK AG is shown in the table below.

MFI ID  DE03256