|Address||50-950, Poland, Wrocław, Rynek 9/11|
|Phone||+48 71 370-10-00|
|Fax||+48 71 370-27-87|
|Member of Group||Santander (Spain)|
|Bank Sort Code||10900004|
|Credit Ratings (as of Dec 2014)|
|Fitch||BBB+ (good credit quality)|
|Moody's||Baa1 (lower medium grade)|
|S&P's||- (not rated)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
|Start Date||January 1989|
|Number of Employees (2013)||11 917 (+43.66%)|
|Total Assets (2013)||25 537.15 mln EUR (+73.34%)|
|Total Equity (2013)||3 486.27 mln EUR (+58.20%)|
|Profit and Loss|
|Net Income (2013)||481.75 mln EUR (+43.32%)|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code) 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.
|Bank BIC Code||WBKP|
|Country Code||PL (Poland)|
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).
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.
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|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, Bank Zachodni WBK (Santander) is rated by Fitch and Moody's.
Credit ratings assigned to Bank Zachodni WBK (Santander) as of December 2014 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 is for Bank Zachodni WBK (Santander) it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Baa1|
|Bank Financial Strength Rating||D+|
Outlook for the ratings of Bank Zachodni WBK (Santander) is set to negative (may be lowered).
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|
Further Information: Deposit Guarantee Scheme in Poland
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||No|
|Exempt from MRR by ECB||No|
In 2013 total assets of Bank Zachodni WBK (Santander) were 25 537.15 mln EUR. Growth compared to the previous period (2012) was 73.34%. 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.
|Loans||10 161.3||17 230.6||+69.57%|
|Total Assets||14 732.2||25 537.2||+73.34%|
|Table 1. Recent changes in total assets of Bank Zachodni WBK (Santander) (mln EUR).|
Recent changes in total liabilities of Bank Zachodni WBK (Santander) and its main components are shown in Table 2.
|Deposits||11 555.5||18 866.2||+63.27%|
|Total Liabilities||14 732.2||25 537.2||+73.34%|
|Table 2. Recent changes in total liabilities of Bank Zachodni WBK (Santander) (mln EUR).|
In 2013 net income of Bank Zachodni WBK (Santander) was 481.75 mln EUR. Growth compared to the previous period (2012) was 43.32%. The evolution of the net income of Bank Zachodni WBK (Santander) is shown at Chart 2 below.