Wüstenrot Bausparkasse AG

Wüstenrot Bausparkasse AG is a private building and loan association (de: Bausparkasse) providing real estate financing products to natural persons.

Bank Category

Private building and loan associations (Private Bausparkassen)

Services

Retail Banking

Financials

Total Assets (2017)
28 617.76 mln EUR  (+37.72%)
Net Income (2017)
66.88 mln EUR  (+127.50%)

In 2017 total assets of Wüstenrot Bausparkasse AG were 28 617,76 mln EUR. In 2017 the bank's net income was 66,88 mln EUR.

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

Wüstenrot Bausparkasse AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Hohenzollernstraße 46/Wüstenrotstraße 1, 71638, Ludwigsburg, Württ., Germany
07141/16 0
07141/16 75 36 37

Wüstenrot Bausparkasse AG is headquartered in Ludwigsburg, Württ..

Bank Identifiers

BIC (SWIFT)
BSWLDE6LXXX
MFI ID
DE07802

Business Summary

Business Focus
financing housing (acquisition, construction or renovation of a home) in EU and EEA member states
Services
retail banking
Products
savings accounts
mortgage loans
Eligible Clients
natural persons (of any country of residence)

Wüstenrot Bausparkasse AG is focused on financing housing (acquisition, construction or renovation of a home) in EU and EEA member states. Wüstenrot Bausparkasse AG provides services in the area of retail banking. The range of products offered by Wüstenrot Bausparkasse AG includes savings accounts, mortgage loans. Wüstenrot Bausparkasse AG makes its solutions available to natural persons (of any country of residence).

Financial Positions

Total Assets (2017)
28 617.76 mln EUR  (+37.72%)

In 2017 total assets of Wüstenrot Bausparkasse AG were 28 617.76 mln EUR. Growth compared to the previous period (2016) was 37.72%. The evolution of the total assets of Wüstenrot Bausparkasse AG is shown at Chart 1 below.

Total Assets of Wüstenrot Bausparkasse AG.

Chart 1. Total Assets of Wüstenrot Bausparkasse AG.

Profit and Loss

Net Income (2017)
66.88 mln EUR  (+127.50%)

In 2017 net income of Wüstenrot Bausparkasse AG was 66.88 mln EUR. Growth compared to the previous period (2016) was 127.50%. The evolution of the net income of Wüstenrot Bausparkasse AG is shown at Chart 2 below.

Net Income of Wüstenrot Bausparkasse AG.

Chart 2. Net Income of Wüstenrot Bausparkasse AG.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
47th (market share 0.29%)

In 2016 Wüstenrot Bausparkasse AG was ranked the 47th largest bank in Germany in terms of total assets, having 0.29% of the domestic market share.

Market share of Wüstenrot Bausparkasse AG (among banks in Germany)

Chart 3. Market share of Wüstenrot Bausparkasse AG (among banks in Germany)

Several banks having the market shares and ranks closest to Wüstenrot Bausparkasse AG are shown below.

RankNameTotal AssetsMarket Share
46LfA Förderbank Bayern22096.54 mln EUR0.31%
47Wüstenrot Bausparkasse AG20780.16 mln EUR0.29%
48SEB AG20206.22 mln EUR0.29%
 

Market Share and Rank (among Private building and loan associations (Private Bausparkassen) in Germany)

Total Assets (2016)
3rd (market share 13.61%)

In 2016 Wüstenrot Bausparkasse AG was ranked the 3rd largest private building and loan associations (private bausparkasse) in Germany in terms of total assets, having 13.61% of the category's market share.

Market share of Wüstenrot Bausparkasse AG (among Private building and loan associations (Private Bausparkassen) in Germany)

Chart 4. Market share of Wüstenrot Bausparkasse AG (among Private building and loan associations (Private Bausparkassen) in Germany)

Several private building and loan associations (private bausparkassen) having the market shares and ranks closest to Wüstenrot Bausparkasse AG are shown below.

RankNameTotal AssetsMarket Share
2BHW Bausparkasse AG31744.04 mln EUR20.80%
3Wüstenrot Bausparkasse AG20780.16 mln EUR13.61%
4Deutsche Bank Bauspar-Aktiengesellschaft14224.87 mln EUR9.32%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Wüstenrot Bausparkasse AG is rated by Fitch.

Credit ratings assigned to Wüstenrot Bausparkasse AG 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 Wüstenrot Bausparkasse AG it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Wüstenrot Bausparkasse AG is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb
Support Rating  2
Support Rating Floor  WD

Viability rating for Wüstenrot Bausparkasse AG is set to bbb (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).

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 Wüstenrot Bausparkasse AG 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 Wüstenrot Bausparkasse AG and its components are shown in the table below.

BIC  BSWLDE6LXXX
Bank BIC Code  BSWL
Country Code  DE (Germany)
Location Code  6L
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 Wüstenrot Bausparkasse AG is shown in the table below.

MFI ID  DE07802

European Presence: 3 banks in 2 countries

Wüstenrot Bausparkasse AG operates under the brand name Wuestenrot Bausparkasse. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

Luxembourg