- Language: English
- Published: December 2011
Summary: Bayerische Landesbank Jul 06
- ID: 1885078
- July 2006
- Standard & Poors
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), its financially much stronger 50% owner. Continued strong development of cooperation and integration within the group is essential to maintaining this view of the two as a single economic group. The group's sound financial strength reflects the BSBs' superior retail-banking franchise in Bavaria, which is increasingly being complemented by BayernLB's ongoing business repositioning. Furthermore, it reflects ongoing sound asset quality and profitability from the BSBs' healthy margins generated through granular local customers, and the substantial progress made in BayernLB's restructuring. Combined sound aggregate capital strength benefits from the BSBs' sustainable strong capitalization and BayernLB's adequate recapitalization...
Companies mentioned in this report are:
- Bayerische Landesbank
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