Kreditanstalt für Wiederaufbau

Kreditanstalt für Wiederaufbau (KfW) is a German state-owned development bank, established in 1948. KfW provides housing finance, small- and medium- enterprise financing, export and import finance, foreign investment finance.

Kreditanstalt für Wiederaufbau is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AAA (highest credit quality). Long-term credit rating assigned to the bank by Moody's is Aaa (prime). Kreditanstalt für Wiederaufbau participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Kreditanstalt für Wiederaufbau is a member of KfW (Germany). Kreditanstalt für Wiederaufbau is headquartered in Frankfurt Am Main.

Contacts 
    Address  Palmengartenstraße 5 - 9, 60325, Frankfurt am Main, Germany
    P.O. Box  111141
    Website  https://www.kfw.de/
Head of Group   KfW (Germany)
Credit Ratings (as of Apr 2016)
    Fitch  AAA (highest credit quality)
    Moody's  Aaa (prime)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    BIC (SWIFT)  KFWIDEFFXXX
    MFI ID  DE03467

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Kreditanstalt für Wiederaufbau is rated by Fitch and Moody's.

Credit ratings assigned to Kreditanstalt für Wiederaufbau as of April 2016 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 Kreditanstalt für Wiederaufbau it is set to AAA (highest credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Kreditanstalt für Wiederaufbau is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AAA
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  -
Support Rating  1
Support Rating Floor  AAA

Viability rating for Kreditanstalt für Wiederaufbau is not set support rating is 1 (extremely high probability of external support); support rating floor is AAA (highest credit quality).

Moody's

Long-term rating for Kreditanstalt für Wiederaufbau it is set to Aaa (prime). Long-term bank deposit rating is Aaa (prime). Bank financial strength rating is not set. Short-term rating is not assigned.

Long-Term Rating  Aaa
Long-Term Bank Deposit Rating  Aaa
Bank Financial Strength Rating  -
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Kreditanstalt für Wiederaufbau is set to stable (not likely to change).

Deposit Guarantee

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 Kreditanstalt für Wiederaufbau 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: Deposit Guarantee Scheme in Germany

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

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 Kreditanstalt für Wiederaufbau and its components are shown in the table below.

BIC  KFWIDEFFXXX
Bank BIC Code  KFWI
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 Kreditanstalt für Wiederaufbau is shown in the table below.

MFI ID  DE03467

Related Information on Germany

  Economy and Banking Sector of Germany

  List of Banks in Germany

Compare Banking Products

 Current Accounts in Germany

 Savings Accounts in Germany

 Time Deposit Accounts in Germany

 Credit Cards in Germany

 Consumer Loans in Germany

 Mortgage Loans in Germany


Country Information

  Economy and Banking Sector of Germany

  List of Banks in Germany


Related Articles

FATCA and European countries

Share on Google+