Landeskreditbank Baden-Württemberg - Förderbank -

Landeskreditbank Baden-Württemberg (L-Bank) is a state-owned regional bank supporting economy, municipalities and local residents of the land of Baden-Württemberg.

Landeskreditbank Baden-Württemberg - Förderbank - 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). Landeskreditbank Baden-Württemberg - Förderbank - participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Landeskreditbank Baden-Württemberg - Förderbank - is headquartered in Karlsruhe.

Address
Schloßplatz 10, 76131, Karlsruhe, Germany
Website
https://www.l-bank.de/
Credit Ratings (as of Apr 2016)
AAA/Aaa
Deposit Guarantee
100 000 EUR
BIC (SWIFT)
LKBWDE6KXXX
MFI ID
DE05695

Credit Ratings (as of Apr 2016)

Fitch Moody's
AAA (highest credit quality) Aaa (prime)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Landeskreditbank Baden-Württemberg - Förderbank - is rated by Fitch and Moody's.

Credit ratings assigned to Landeskreditbank Baden-Württemberg - Förderbank - 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 Landeskreditbank Baden-Württemberg - Förderbank - 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 Landeskreditbank Baden-Württemberg - Förderbank - 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  WD

Viability rating for Landeskreditbank Baden-Württemberg - Förderbank - is not set support rating is 1 (extremely high probability of external support); support rating floor is WD (withdrawn).

Moody's

Long-term rating for Landeskreditbank Baden-Württemberg - Förderbank - 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 Landeskreditbank Baden-Württemberg - Förderbank - is set to stable (not likely to change).

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 Landeskreditbank Baden-Württemberg - Förderbank - 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

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 Landeskreditbank Baden-Württemberg - Förderbank - and its components are shown in the table below.

BIC  LKBWDE6KXXX
Bank BIC Code  LKBW
Country Code  DE (Germany)
Location Code  6K
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 Landeskreditbank Baden-Württemberg - Förderbank - is shown in the table below.

MFI ID  DE05695