GLS Gemeinschaftsbank eG

GLS Gemeinschaftsbank eG is a cooperative bank owned by its members via shares. GLS Gemeinschaftsbank 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)
5 115.46 mln EUR  (+9.99%)

In 2017 total assets of GLS Gemeinschaftsbank eG were 5 115,46 mln EUR. GLS Gemeinschaftsbank eG is the 21st largest cooperative bank in Germany (out of 913 cooperative banks) having market share of 0.58% amongst the banks of this category.

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

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

Contacts

Christstraße 9, 44789, Bochum, Germany
10 08 29

GLS Gemeinschaftsbank eG is located in Bochum.

Bank Identifiers

BIC (SWIFT)
GENODEM1GLS
MFI ID
DE03973

Financial Positions

Total Assets (2017)
5 115.46 mln EUR  (+9.99%)

In 2017 total assets of GLS Gemeinschaftsbank eG were 5 115.46 mln EUR. Growth compared to the previous period (2016) was 9.99%. The evolution of the total assets of GLS Gemeinschaftsbank eG is shown at Chart 1 below.

Total Assets of GLS Gemeinschaftsbank  eG.

Chart 1. Total Assets of GLS Gemeinschaftsbank eG.

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

2016 2017 % change
Loans to customers 2 504.2 3 097.1 +23.68%
Total Assets 4 650.9 5 115.5 +9.99%
Table 1. Recent changes in total assets of GLS Gemeinschaftsbank eG (mln EUR).

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

2016 2017 % change
Deposits 3 903.8 4 133.6 +5.89%
Total Liabilities 4 650.9 5 115.5 +9.99%
Table 2. Recent changes in total liabilities of GLS Gemeinschaftsbank eG (mln EUR).

Market Share and Rank (among Cooperative banks in Germany)

Total Assets (2017)
21st (market share 0.58%)

In 2017 GLS Gemeinschaftsbank eG was ranked the 21st largest cooperative bank in Germany in terms of total assets, having 0.58% of the category's market share.

Market share of GLS Gemeinschaftsbank  eG (among Cooperative Banks in Germany)

Chart 2. Market share of GLS Gemeinschaftsbank eG (among Cooperative Banks in Germany)

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

RankNameTotal AssetsMarket Share
20 Hannoversche Volksbank eG5417.58 mln EUR0.62%
21 GLS Gemeinschaftsbank eG5115.46 mln EUR0.58%
22 Volksbank Köln Bonn eG5077.71 mln EUR0.58%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
162nd (market share 0.07%)

In 2016 GLS Gemeinschaftsbank eG was ranked the 162nd largest bank in Germany in terms of total assets, having 0.07% of the domestic market share.

Market share of GLS Gemeinschaftsbank  eG (among banks in Germany)

Chart 3. Market share of GLS Gemeinschaftsbank eG (among banks in Germany)

Several banks having the market shares and ranks closest to GLS Gemeinschaftsbank eG are shown below.

RankNameTotal AssetsMarket Share
161 Bank für Kirche und Caritas eG4673.02 mln EUR0.07%
162 GLS Gemeinschaftsbank eG4650.94 mln EUR0.07%
163 Kreissparkasse Ravensburg4620.81 mln EUR0.07%
 

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. GLS Gemeinschaftsbank eG is rated by Fitch.

Credit ratings assigned to GLS Gemeinschaftsbank 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 GLS Gemeinschaftsbank 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 GLS Gemeinschaftsbank 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 GLS Gemeinschaftsbank 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 GLS Gemeinschaftsbank 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 GLS Gemeinschaftsbank eG and its components are shown in the table below.

BIC  GENODEM1GLS
Bank BIC Code  GENO
Country Code  DE (Germany)
Location Code  M1
Branch Code  GLS

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 GLS Gemeinschaftsbank eG is shown in the table below.

MFI ID  DE03973