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Bayerische Hypo- und Vereinsbank AG Oct 01

  • ID: 1831634
  • October 2001
  • Standard & Poors
1 of 3

FEATURED COMPANIES

  • DEPFA Public Finance Bank
  • Hypovereins Finance N.V.
  • UniCredit Bank AG
  • UniCredit Bank Austria AG
  • MORE

Abstract
The ratings on Bayerische Hypo- und Vereinsbank AG (HVB) are based on the group's market position and sizable customer base in Germany, Austria, and neighboring Eastern European countries; its stable and diversified funding sources; its financial flexibility; and its overall satisfactory asset quality. These factors are partly offset by modest profitability and capital levels, and still limited diversification of revenues. The ratings also reflect Standard & Poor's expectations that the integration of Bank Austria AG (BA; AA+/Negative/A-1+) will continue as planned and that existing problems of HVB's and BA's loan portfolios have been adequately provisioned. The bank's provisioning needs declined, but continue to compare unfavorably with its peers. Furthermore, HVB's comparatively high exposures to real estate markets and BA's comparatively...

Companies mentioned in this report are:
- UniCredit Bank AG
- UniCredit Bank Austria AG
- Hypovereins Finance N.V.
- Westfaelische Hypothekenbank AG
- DEPFA Public Finance Bank
- Deutsche Pfandbriefbank AG
- Hypo Real Estate Bank International AG
- DEPFA Pfandbrief Bank International S.A.

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Note: Product cover images may vary from those shown
2 of 3

- UniCredit Bank AG
- UniCredit Bank Austria AG
- Hypovereins Finance N.V.
- Westfaelische Hypothekenbank AG
- DEPFA Public Finance Bank
- Deutsche Pfandbriefbank AG
- Hypo Real Estate Bank International AG
- DEPFA Pfandbrief Bank International S.A.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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