Evangelische Bank eG (formerly Evangelische Kreditgenossenschaft eG)

Evangelische Bank eG is a cooperative bank owned by its members via shares. Evangelische Bank 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).

Bank Category

Cooperative banks

Financials

Total Assets (2017)
7 329.86 mln EUR  (+2.62%)

In 2017 total assets of Evangelische Bank eG were 7 329,86 mln EUR. Evangelische Bank eG is the 10th largest cooperative bank in Germany (out of 913 cooperative banks) having market share of 0.83% amongst the banks of this category.

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

Evangelische Bank eG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Seidlerstraße 6, 34117, Kassel, Hess, Germany
10 11 46

Evangelische Bank eG is located in Kassel, Hess.

Bank Identifiers

BIC (SWIFT)
EKKBDE52XXX
MFI ID
DE02457

Financial Positions

Total Assets (2017)
7 329.86 mln EUR  (+2.62%)

In 2017 total assets of Evangelische Bank eG were 7 329.86 mln EUR. Growth compared to the previous period (2016) was 2.62%. The evolution of the total assets of Evangelische Bank eG is shown at Chart 1 below.

Total Assets of Evangelische Bank eG.

Chart 1. Total Assets of Evangelische Bank eG.

Recent changes in total assets of Evangelische Bank eG and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 3 957.7 4 369.5 +10.40%
Total Assets 7 142.7 7 329.9 +2.62%
Table 1. Recent changes in total assets of Evangelische Bank eG (mln EUR).

Recent changes in total liabilities of Evangelische Bank eG and its main components are shown in Table 2.

2016 2017 % change
Deposits 5 953.8 6 010.0 +0.94%
Total Liabilities 7 142.7 7 329.9 +2.62%
Table 2. Recent changes in total liabilities of Evangelische Bank eG (mln EUR).

Market Share and Rank (among Cooperative banks in Germany)

Total Assets (2017)
10th (market share 0.83%)

In 2017 Evangelische Bank eG was ranked the 10th largest cooperative bank in Germany in terms of total assets, having 0.83% of the category's market share.

Market share of Evangelische Bank eG (among Cooperative Banks in Germany)

Chart 2. Market share of Evangelische Bank eG (among Cooperative Banks in Germany)

Several cooperative banks having the market shares and ranks closest to Evangelische Bank eG are shown below.

RankNameTotal AssetsMarket Share
9 Sparda-Bank München eG7666.62 mln EUR0.87%
10 Evangelische Bank eG7329.86 mln EUR0.83%
11 Volksbank Mittelhessen eG7203.56 mln EUR0.82%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
109th (market share 0.10%)

In 2016 Evangelische Bank eG was ranked the 109th largest bank in Germany in terms of total assets, having 0.10% of the domestic market share.

Market share of Evangelische Bank eG (among banks in Germany)

Chart 3. Market share of Evangelische Bank eG (among banks in Germany)

Several banks having the market shares and ranks closest to Evangelische Bank eG are shown below.

RankNameTotal AssetsMarket Share
108 Stadtsparkasse Wuppertal7144.53 mln EUR0.10%
109 Evangelische Bank eG7142.74 mln EUR0.10%
110 Sparkasse Saarbrücken6985.72 mln EUR0.10%
 

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. Evangelische Bank eG is rated by Fitch.

Credit ratings assigned to Evangelische Bank eG 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 Evangelische Bank 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 Evangelische Bank eG 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 Evangelische Bank eG 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 Evangelische Bank 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

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 Evangelische Bank eG and its components are shown in the table below.

BIC  EKKBDE52XXX
Bank BIC Code  EKKB
Country Code  DE (Germany)
Location Code  52
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 Evangelische Bank eG is shown in the table below.

MFI ID  DE02457

Defunct Banks: 1 bank in 1 country

The following banks operating under Evangelische Bank brand name has been recently closed down:

Germany