Westdeutsche ImmobilienBank AG

Anna MileikoCreated by Anna Mileiko

Westdeutsche ImmobilienBank AG Logo

Address

Große Bleiche 46, 55116, Mainz, Germany

BIC

IMMODE5MXXX

Overview

Category

Commercial banks

Business Focus

real estate financing

Westdeutsche Immobilien Bank AG (WestImmo) is a German bank specialising in domestic and foreign real estate property financings. Since 31 May 2015 Westdeutsche Immobilien Bank is a member of Aareal Bank Group (Germany). On 30 June 2017, Westdeutsche Immobilien Bank was absorbed by Aareal Bank, and its bank-related assets and liabilities were transferred to Aareal Bank. Westdeutsche ImmobilienBank AG was renamed to “Westdeutsche Immobilien Servicing AG” (WestImmo).

Performance

In 2016, Westdeutsche ImmobilienBank AG achieved the position of 135th largest bank in Germany with a market share of 0.08%; its total assets dropped by 31.46%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Westdeutsche ImmobilienBank AG.

Financials

Total Assets of Westdeutsche ImmobilienBank AG
Net_income of Westdeutsche ImmobilienBank AG
Market Share of Westdeutsche ImmobilienBank AG
Total Assets (2016)
5,560.25 mln EUR   (-31.46%)
Net Income (2016)
0.00 EUR

Westdeutsche ImmobilienBank AG was the 135th largest bank in Germany in terms of total assets. In 2016 its total assets were 5 560,25 mln EUR, providing the bank with the market share of 0.08%. In 2016 the bank's net income was 0,00 EUR.

Credit Ratings

Fitch: BBB+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Westdeutsche ImmobilienBank AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality).

Deposit Guarantee

Guarantee Fund
Entschädigungseinrichtung deutscher Banken GmbH (EdB)Entschädigungseinrichtung deutscher Banken GmbH (EdB)
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

Westdeutsche ImmobilienBank AG participates in the deposit guarantee scheme of Germany which applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Westdeutsche ImmobilienBank AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.

See Also

Contacts

addressGroße Bleiche 46, 55116, Mainz, Germany
po box4220

Westdeutsche ImmobilienBank AG was headquartered in Mainz.

See Also

Bank Identifiers

BIC (SWIFT)
IMMODE5MXXX
MFI ID
DE05634

Bank History

Close Date
July 2017
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