LfA Förderbank Bayern is a specialist bank for regional economic development of Bavaria. LfA Förderbank Bayern is focused on providing long-term financing to small and medium-sized Bavarian enterprises.
LfA Förderbank Bayern is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aaa (prime). LfA Förderbank Bayern participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
LfA Förderbank Bayern is headquartered in München.
|Address||Königinstr. 17, 80539, München, Germany|
|Credit Ratings (as of Apr 2016)|
|Fitch||- (not rated)|
|S&P's||- (not rated)|
|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, LfA Förderbank Bayern is rated by Moody's.
Credit ratings assigned to LfA Förderbank Bayern as of April 2016 are shown in details in the following sections.
Long-term rating for LfA Förderbank Bayern 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 LfA Förderbank Bayern is set to stable (not likely to change).
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 LfA Förderbank Bayern 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 LfA Förderbank Bayern and its components are shown in the table below.
|Bank BIC Code||LFFB|
|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 LfA Förderbank Bayern is shown in the table below.