WL BANK AG Westfaelische Landschaft Bodenkreditbank Jun 10
Standard & Poors, June 2010
Abstract
Core member of the German cooperative banking sector. Strong market access through the cooperative bank network. Dominance of granular low-risk residential mortgage and public-sector loans. Moderate profitability and limited potential to diversify earnings. Increasing proportion of previously noncore and higher-risk commercial real estate business. Still adequate, but weak, capitalization compared with international peers'. The ratings on Germany-based WL BANK AG Westfaelische Landschaft Bodenkreditbank (WL BANK) reflect the bank's close integration into Germany's cooperative banking sector (collectively rated A+/Stable/A-1) and its role as a "core" institution based on Standard & Poor's Ratings Services' group methodology. We view the sector as a single economic group because of its system of solidarity and its protection scheme, which has prevented insolvencies of member institutions...
Companies mentioned in this report are: WL BANK AG Westfaelische Landschaft Bodenkreditbank
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
WL BANK AG Westfaelische Landschaft Bodenkreditbank
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