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Landesbank Hessen-Thueringen Girozentrale/Sparkassen-Finanzgruppe Hessen-Thueringen Jul 08 Product Image

Landesbank Hessen-Thueringen Girozentrale/Sparkassen-Finanzgruppe Hessen-Thueringen Jul 08

  • ID: 1789355
  • July 2008
  • Standard & Poors

FEATURED COMPANIES

  • Frankfurter Sparkasse
  • Kreissparkasse Gotha
  • Kyffhaeusersparkasse
  • Sparkasse Dillenburg
  • Sparkasse Hanau
  • Sparkasse Sonneberg
  • MORE

Abstract
Sector cohesiveness and limited protection scheme Sound sector capitalization Strong retail market penetration in Hesse and Thuringia Stable retail deposit base of the savings banks Prudent underwriting standards Weaknesses in high-margin retail growth products Savings banks' high and inflexible cost base exposed to margin erosion Lack of adequate incentives to improve profitability Helaba's modest profitability levels and reliance on wholesale funding, partly due to its role as wholesale central bank The ratings on the members of Germany's Sparkassen-Finanzgruppe Hessen-Thueringen (SFHT), which includes the 50 savings banks in the states of Hesse (AA/Stable/A-1+) and Thuringia (not rated) and their central institution Landesbank Hessen-Thueringen Girozentrale (Helaba), are based on Standard & Poor's Ratings Services view of SFHT as a single, cohesive economic...

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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- Landesbank Hessen-Thueringen Girozentrale
- Hesse (State of)
- Helaba Dublin Landesbank Hessen-Thueringen International
- Sparkasse Altenburger Land
- Sparkasse Arnstadt-Ilmenau
- Sparkasse Bad Hersfeld-Rotenburg
- Sparkasse Battenberg
- Sparkasse Bensheim
- Stadtsparkasse Borken
- Stadt- und Kreis-Sparkasse Darmstadt
- Sparkasse Dieburg
- Sparkasse Dillenburg
- Kreissparkasse Eichsfeld
- Stadtsparkasse Felsberg
- Frankfurter Sparkasse
- Sparkasse Fulda
- Kreissparkasse Gelnhausen
- Sparkasse Gera-Greiz
- Sparkasse Giessen
- Kreissparkasse Gotha
- Stadtsparkasse Grebenstein
- Kreissparkasse Gross-Gerau
- Sparkasse Gruenberg
- Sparkasse Hanau
- Kreissparkasse Hildburghausen
- Sparkasse Jena-Saale-Holzland
- Kasseler Sparkasse
- Kyffhaeusersparkasse
- Sparkasse Langen-Seligenstadt
- Sparkasse Laubach-Hungen
- Kreissparkasse Limburg
- Sparkasse Marburg-Biedenkopf
- Sparkasse Mittelthueringen
- Nassauische Sparkasse
- Kreissparkasse Nordhausen
- Sparkasse Oberhessen
- Sparkasse Odenwaldkreis
- Staedtische Sparkasse Offenbach am Main
- Sparkasse Rhoen-Rennsteig
- Kreissparkasse Saale-Orla
- Kreissparkasse Saalfeld-Rudolstadt
- Kreissparkasse Schluechtern
- Kreissparkasse Schwalm-Eder
- Stadtsparkasse Schwalmstadt
- Sparkasse Sonneberg
- Sparkasse Starkenburg
- Taunus-Sparkasse
- Sparkasse Unstrut-Hainich
- Sparkasse Waldeck-Frankenberg
- Wartburg-Sparkasse
- Kreissparkasse Weilburg
- Sparkasse Werra-Meissner
- Sparkasse Wetzlar

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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