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Bayerische Landesbank Jul 07
Standard & Poors, July 2007
Abstract
Aggregate financial strength and cohesiveness of the Bavarian Savings Banks (BSBs) and Bayerische Landesbank (BayernLB), underpinned by a limited regional protection scheme The BSBs' superior retail-banking franchise in Bavaria, providing sound asset quality, strong customer deposits funding, and solid earnings BayernLB's successful repositioning, and material profitability recovery with tailwind from a benign economic environment Combined sound aggregate capital strength of the BSBs and BayernLB BayernLB's modest levels and diversification of sustainable earnings BayernLB's wholesale concentration and cyclicality risk BayernLB's reliance on wholesale funding BSBs and BayernLB's operating inefficiencies in, and concentration on difficult domestic markets The counterparty credit ratings on Germany-based Bayerische Landesbank (BayernLB) are based on its aggregate financial strength and cohesiveness with the Bavarian Savings Banks (BSBs), which...
Companies mentioned in this report are: Bayerische Landesbank,State of Bavaria,MKB Bank ZRT (Unsolicited Ratings),MKB Romexterra Bank S.A.
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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