Wüstenrot Bausparkasse AG is a private building and loan association (de: Bausparkasse) providing real estate financing products to natural persons.
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.
Wüstenrot Bausparkasse AG is headquartered in Ludwigsburg, Württ..
|financing housing (acquisition, construction or renovation of a home) in EU and EEA member states|
|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).
|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.
Chart 1. Total Assets of Wüstenrot Bausparkasse AG.
|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.
Chart 2. Net Income of Wüstenrot Bausparkasse AG.
|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.
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+|
|Short-Term Issuer Default Rating||F2|
|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).
|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|
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.
|Bank BIC Code||BSWL|
|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 Wüstenrot Bausparkasse AG is shown in the table below.
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: