Bank Zachodni WBK was established in 2001 as a result of the merger between Bank Zachodni S.A. and Wielkopolski Bank Kredytowy S.A. (WBK). Since 2011 Bank Zachodni WBK is a member of Santander Group. While specializing in retail banking for individuals and business customers, Bank Zachodni WBK also offers brokerage services, asset and investment fund management, leasing and factoring.
In 2016 total assets of Bank Zachodni WBK (Santander) were 150,10 bln PLN. In 2016 the bank's net income was 2 167,00 mln PLN.
Bank Zachodni WBK (Santander) is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade). Bank Zachodni WBK (Santander) participates in deposit guarantee scheme of Poland. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Bank Zachodni WBK (Santander) is a member of Santander (Spain). Bank Zachodni WBK (Santander) is headquartered in Wrocław.
time deposit accounts
Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.
Current accounts made with Bank Zachodni WBK (Santander) are covered by deposit guarantee scheme of Poland up to 100 000 EUR per depositor. The following current accounts are offered by Bank Zachodni WBK (Santander).
Last updated 18 October 2017
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|Total Assets (2016)|
|150.10 bln PLN (+7.44%)|
|Total Equity (2016)|
|21 018.00 mln PLN (+2.19%)|
In 2016 total assets of Bank Zachodni WBK (Santander) were 150.10 bln PLN. Growth compared to the previous period (2015) was 7.44%. The evolution of the total assets of Bank Zachodni WBK (Santander) is shown at Chart 1 below.
Recent changes in total assets of Bank Zachodni WBK (Santander) and its main components are shown in Table 1.
|Table 1. Recent changes in total assets of Bank Zachodni WBK (Santander) (bln PLN).|
Recent changes in total liabilities of Bank Zachodni WBK (Santander) and its main components are shown in Table 2.
|Table 2. Recent changes in total liabilities of Bank Zachodni WBK (Santander) (bln PLN).|
|Net Income (2016)|
|2 167.00 mln PLN (-6.88%)|
In 2016 net income of Bank Zachodni WBK (Santander) was 2 167.00 mln PLN. Decline compared to the previous period (2015) was -6.88%. The evolution of the net income of Bank Zachodni WBK (Santander) is shown at Chart 2 below.
|BBB+ (good credit quality)||A3 (upper medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Bank Zachodni WBK (Santander) is rated by Fitch and Moody's.
Credit ratings assigned to Bank Zachodni WBK (Santander) as of April 2016 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 Bank Zachodni WBK (Santander) 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 Bank Zachodni WBK (Santander) 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 Bank Zachodni WBK (Santander) is set to bbb+ (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).
Long-term rating for Bank Zachodni WBK (Santander) it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Bank financial strength rating is baa3. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A3|
|Bank Financial Strength Rating||baa3|
Outlook for the ratings of Bank Zachodni WBK (Santander) is set to stable (not likely to change).
|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 Poland are obliged to participate in Polish deposit guarantee scheme.
In the case of Bank Zachodni WBK (Santander) failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||PLN|
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 Bank Zachodni WBK (Santander) and its components are shown in the table below.
|Bank BIC Code||WBKP|
|Country Code||PL (Poland)|
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 Bank Zachodni WBK (Santander) is shown in the table below.
Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.
|Bank Sort Code||10900004|