Bank Zachodni WBK (Santander)

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.

Contacts 
    Address  Rynek 9/11, 50-950, Wrocław, Poland
    Phone  +48 71 370-10-00
    Fax  +48 71 370-27-87
    Website  http://www.bzwbk.pl/
Member of Group   Santander (Spain)
Business Description 
    Services  retail banking
corporate banking
online brokerage
wealth management
    Products  current accounts
debit cards
credit cards
savings accounts
time deposit accounts
investment funds
consumer loans
mortgage loans
leasing
factoring
Start Date  January 1989
Financial Positions
    Total Assets (2015)  139.71 bln PLN ↑ (+3.87%)
    Total Equity (2015)  20 568.00 mln PLN ↑ (+13.94%)
Profit and Loss
    Net Income (2015)  2 327.00 mln PLN ↑ (+21.51%)
Number of Employees (2015)  11 216 ↓ (-4.04%)
Credit Ratings (as of Apr 2016)
    Fitch  BBB+ (good credit quality)
    Moody's  A3 (upper medium grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    BIC (SWIFT)  WBKPPLPPXXX
    MFI ID  PL00109
    Bank Sort Code  10900004

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. 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. The following current account products are offered by Bank Zachodni WBK (Santander):

ProductAnnual Costs (PLN)Debit CardCredit CardProduct Link
 Konto Godne Polecenia [PL]0.00View Product
 Konto Godne Polecenia [PL]84.00View Product
 Konto Godne Polecenia [PL]0.00View Product
 Konto Godne Polecenia [PL]84.00View Product

[PL] This product is offered to Polish residents only. When clicking on the product link you will be redirected to the product page in Polish.

See Also: Current Accounts in Poland

Financial Positions

In 2015 total assets of Bank Zachodni WBK (Santander) were 139.71 bln PLN. Growth compared to the previous period (2014) was 3.87%. The evolution of the total assets of Bank Zachodni WBK (Santander) is shown at Chart 1 below.

Total Assets of Bank Zachodni WBK (Santander).
Chart 1. Total Assets of Bank Zachodni WBK (Santander).

Recent changes in total assets of Bank Zachodni WBK (Santander) and its main components are shown in Table 1.

2014 2015 % change
Loans 90.9 100.0 +10.00% ↑
Total Assets 134.5 139.7 +3.87% ↑
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.

2014 2015 % change
Deposits 94.8 101.2 +6.77% ↑
Total Liabilities 134.5 139.7 +3.87% ↑
Table 2. Recent changes in total liabilities of Bank Zachodni WBK (Santander) (bln PLN).

Profit and Loss

In 2015 net income of Bank Zachodni WBK (Santander) was 2 327.00 mln PLN. Growth compared to the previous period (2014) was 21.51%. The evolution of the net income of Bank Zachodni WBK (Santander) is shown at Chart 2 below.

Net Income of Bank Zachodni WBK (Santander).
Chart 2. Net Income of Bank Zachodni WBK (Santander).

Credit Ratings

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 April 2016 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 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+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  2
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).

Moody's

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 Rating  A3
Long-Term Bank Deposit Rating  A3
Bank Financial Strength Rating  baa3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Bank Zachodni WBK (Santander) is set to stable (not likely to change).

Deposit Guarantee

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)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  PLN

Further Information: Deposit Guarantee Scheme in Poland

ECB Minimum Reserves Requirements (MRR)

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

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

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 Bank Zachodni WBK (Santander) and its components are shown in the table below.

BIC  WBKPPLPPXXX
Bank BIC Code  WBKP
Country Code  PL (Poland)
Location Code  PP
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 Bank Zachodni WBK (Santander) is shown in the table below.

MFI ID  PL00109

Bank Sort Code

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

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