WL BANK AG Westfälische Landschaft Bodenkreditbank

WL BANK provided solutions for public sector and real estate financing. In 2018 DG HYP and WL BANK were merged into a combined real estate bank DZ HYP.

Financials

Total Assets (2017)
38 330.40 mln EUR  (+1.88%)
Net Income (2017)
0.00 EUR

In 2017 total assets of WL BANK AG Westfälische Landschaft Bodenkreditbank were 38 330,40 mln EUR. In 2017 the bank's net income was 0,00 EUR.

WL BANK AG Westfälische Landschaft Bodenkreditbank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

WL BANK AG Westfälische Landschaft Bodenkreditbank participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Member of Group

 DZ Bank (Germany)

WL BANK AG Westfälische Landschaft Bodenkreditbank is a member of DZ Bank (Germany).

Contacts

Sentmaringer Weg 1, 48151, Münster, Westf., Germany
86 29

WL BANK AG Westfälische Landschaft Bodenkreditbank was headquartered in Münster, Westf..

Bank Identifiers

BIC (SWIFT)
WELDDED1XXX
MFI ID
DE03284
Close Date
July 2018

Financial Positions

Total Assets (2017)
38 330.40 mln EUR  (+1.88%)

In 2017 total assets of WL BANK AG Westfälische Landschaft Bodenkreditbank were 38 330.40 mln EUR. Growth compared to the previous period (2016) was 1.88%. The evolution of the total assets of WL BANK AG Westfälische Landschaft Bodenkreditbank is shown at Chart 1 below.

Total Assets of WL BANK AG Westfälische Landschaft Bodenkreditbank.

Chart 1. Total Assets of WL BANK AG Westfälische Landschaft Bodenkreditbank.

Profit and Loss

Net Income (2017)
0.00 EUR

In 2017 net income of WL BANK AG Westfälische Landschaft Bodenkreditbank was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the net income of WL BANK AG Westfälische Landschaft Bodenkreditbank is shown at Chart 2 below.

Net Income of WL BANK AG Westfälische Landschaft Bodenkreditbank.

Chart 2. Net Income of WL BANK AG Westfälische Landschaft Bodenkreditbank.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
28th (market share 0.53%)

In 2016 WL BANK AG Westfälische Landschaft Bodenkreditbank was ranked the 28th largest bank in Germany in terms of total assets, having 0.53% of the domestic market share.

Market share of WL BANK AG Westfälische Landschaft Bodenkreditbank (among banks in Germany)

Chart 3. Market share of WL BANK AG Westfälische Landschaft Bodenkreditbank (among banks in Germany)

Several banks having the market shares and ranks closest to WL BANK AG Westfälische Landschaft Bodenkreditbank are shown below.

RankNameTotal AssetsMarket Share
27Münchener Hypothekenbank eG38508.99 mln EUR0.54%
28WL BANK AG Westfälische Landschaft Bodenkreditbank (closed)37624.05 mln EUR0.53%
29State Street Bank International GmbH37560.00 mln EUR0.53%
 

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. WL BANK AG Westfälische Landschaft Bodenkreditbank is rated by Fitch.

Credit ratings assigned to WL BANK AG Westfälische Landschaft Bodenkreditbank 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 WL BANK AG Westfälische Landschaft Bodenkreditbank 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 WL BANK AG Westfälische Landschaft Bodenkreditbank 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 WL BANK AG Westfälische Landschaft Bodenkreditbank 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 WL BANK AG Westfälische Landschaft Bodenkreditbank 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 WL BANK AG Westfälische Landschaft Bodenkreditbank and its components are shown in the table below.

BIC  WELDDED1XXX
Bank BIC Code  WELD
Country Code  DE (Germany)
Location Code  D1
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 WL BANK AG Westfälische Landschaft Bodenkreditbank is shown in the table below.

MFI ID  DE03284