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Government Plan To Impose A Bank Levy Has No Immediate Rating Implications For German Financial Institutions Jul 10 Product Image

Government Plan To Impose A Bank Levy Has No Immediate Rating Implications For German Financial Institutions Jul 10

  • ID: 1711773
  • July 2010
  • Region: Germany
  • Standard & Poors

FEATURED COMPANIES

  • Aachener Bank eG
  • Bielefelder Volksbank eG
  • Deutsche Postbank AG
  • Frankfurter Volksbank eG
  • Muenchner Bank eG
  • Taunus-Sparkasse
  • MORE

Abstract
The German government has recently proposed a levy on the country's financial institutions on the heels of a crisis that has led to sizable amounts of state aid for banks in distress. Standard & Poor's Ratings Services believes the proposed bank levy is unlikely to have an immediate impact on its ratings on German banks. The German authorities have not yet approved the draft proposal, but we understand the legislation is to take effect on Dec. 31, 2010, and would apply to the 2010 results. We understand that the U.K. and France are considering a similar levy, but the computation of the levy could differ. The purpose of the levy is to fund the restructuring and orderly resolution of systemically...

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Research Type: Commentary
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- Deutsche Bank AG
- Dresdner Bank AG
- Landesbank Hessen-Thueringen Girozentrale
- Portigon AG (Unsolicited Ratings)
- ING BHF-Bank AG
- Commerzbank AG
- KfW
- DekaBank Deutsche Girozentrale
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank
- Deutsche Pfandbriefbank AG
- UniCredit Bank AG
- Deutsche Genossenschafts-Hypothekenbank AG
- Landeskreditbank Baden-Wuerttemberg - Foerderbank (L-Bank)
- Landesbank Baden-Wuerttemberg
- DVB Bank SE
- Deutsche Postbank AG
- Hypothekenbank Frankfurt AG
- NRW.BANK
- Sparkasse Dieburg
- Frankfurter Sparkasse
- Nassauische Sparkasse
- Taunus-Sparkasse
- Raiffeisenbank Aschaffenburg eG
- Raiffeisen-Volksbank Bad Staffelstein eG
- Rottaler Raiffeisenbank eG
- Aachener Bank eG
- Bank fuer Sozialwirtschaft AG
- Bankverein Bebra eG
- BBBank eG
- Berliner Volksbank eG
- CB Bank GmbH
- Dresdner Volksbank Raiffeisenbank eG
- Frankfurter Volksbank eG
- Mainzer Volksbank eG
- Muenchner Bank eG
- Raiffeisenbank Auerbach-Freihung eG
- Raiffeisenbank Oberursel eG
- Raiffeisen-Volksbank Donauwoerth eG
- Bielefelder Volksbank eG
- Volksbank Rhein-Lahn eG
- VR Bank Mittelhaardt eG
- Westerwald Bank eG Volks- und Raiffeisenbank

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Note: Product cover images may vary from those shown

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