|Address||Tomášikova 48, 832 37, Bratislava, Slovakia|
|Member of Group||Erste Group (Austria)|
|Credit Ratings (as of Apr 2016)|
|Fitch||BBB+ (good credit quality)|
|Moody's||- (not rated)|
|S&P's||- (not rated)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
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, Slovenska Sporitelna (Erste Bank) is rated by Fitch.
Credit ratings assigned to Slovenska Sporitelna (Erste Bank) 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 Slovenska Sporitelna (Erste Bank) 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 Slovenska Sporitelna (Erste Bank) is set to F2 (good short-term credit quality).
|Long-Term Issuer Default Rating||BBB+|
|Short-Term Issuer Default Rating||F2|
|Support Rating Floor||-|
Viability rating for Slovenska Sporitelna (Erste Bank) is set to bbb+ (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is not set.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Slovakia are obliged to participate in Slovakian deposit guarantee scheme.
In the case of Slovenska Sporitelna (Erste Bank) failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||any credit balance|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Further Information: Deposit Guarantee Scheme in Slovakia
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|
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 Slovenska Sporitelna (Erste Bank) and its components are shown in the table below.
|Bank BIC Code||GIBA|
|Country Code||SK (Slovakia)|
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 Slovenska Sporitelna (Erste Bank) is shown in the table below.