Landwirtschaftliche Rentenbank is a German development agency for agribusiness. Rentenbank is focused on granting standard promotional loans and special promotional loans at particularly favourable interest rates for agribusiness and rural areas.
Landwirtschaftliche Rentenbank is rated by Fitch, Moody's, Standard & Poor'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). Long-term credit rating assigned to the bank by Standard & Poor's is AAA (extremely strong capacity to meet its financial commitments). Landwirtschaftliche Rentenbank participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Landwirtschaftliche Rentenbank is headquartered in Frankfurt Am Main.
|Address||Hochstraße 2, 60313, Frankfurt am Main, Germany|
|P.O. Box||10 14 45|
|Credit Ratings (as of Apr 2016)|
|Fitch||AAA (highest credit quality)|
|S&P's||AAA (extremely strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
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, Landwirtschaftliche Rentenbank is rated by Fitch and Standard & Poor's.
Credit ratings assigned to Landwirtschaftliche Rentenbank as of April 2016 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Landwirtschaftliche Rentenbank 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 Landwirtschaftliche Rentenbank is set to F1+ (highest short-term credit quality).
|Long-Term Issuer Default Rating||AAA|
|Short-Term Issuer Default Rating||F1+|
|Support Rating Floor||AAA|
Viability rating for Landwirtschaftliche Rentenbank is not set support rating is 1 (extremely high probability of external support); support rating floor is AAA (highest credit quality).
Long-term rating for Landwirtschaftliche Rentenbank 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 Bank Deposit Rating||Aaa|
|Bank Financial Strength Rating||-|
Outlook for the ratings of Landwirtschaftliche Rentenbank is set to stable (not likely to change).
Long-term foreign currency rating for Landwirtschaftliche Rentenbank is set to AAA (extremely strong capacity to meet its financial commitments). Long-term local currency rating is set to AAA (extremely strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||AAA|
|Outlook||stable (not likely to change)|
|Long-Term Local Currency Rating||AAA|
|Outlook||stable (not likely to change)|
|Short-Term Foreign Currency Rating||A-1+|
|Short-Term Local Currency Rating||A-1+|
Short-term foreign currency rating for Landwirtschaftliche Rentenbank is set to A-1+ (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1+ (strong capacity to meet its financial commitments).
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 Landwirtschaftliche Rentenbank 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
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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Landwirtschaftliche Rentenbank and its components are shown in the table below.
|Bank BIC Code||LARE|
|Country Code||DE (Germany)|
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 Landwirtschaftliche Rentenbank is shown in the table below.