DOCSLIB.ORG

Virtual Conference

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Virtual Conference Virtual Conference October 2020 Copy right © 2020 by S&P Global. All rights reserv ed What's On The Horizon For European Bank Ratings? Giles Edwards Senior Director Sector Lead - European Financial Institutions Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Rewind: To Our Spring 2020 Negative Rating Actions Eurozone and U.K. GDP to shrink by 7.3% and 6.5% in 2020 before rebounding by 5.6% and 6% in 2021. Ultra loose monetary policy, extensive fiscal support, and easing in bank capital and liquidity buffers would offer substantial support to the real economy. The policy responses taken by countries across Europe could well be less than totally successful and lead to higher leverage across the corporate/SME sector. Bank earnings, asset quality, and in some cases, capitalization, to weaken through end-2020 and into 2021. Funding to hold up well, not least given ample central bank injections. Wholesale markets to reopen but with wider spreads than before. 3 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Reflect: Mixed Signals From 2020H1 Results C C C 4 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Ponder: What to Make Of The Asset Quality Conundrum? 5 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Ponder: The Calm Before The Storm For Regulatory Capital ? Swift and pragmatic regulatory action… ➢ Buffer requirement easing – CCyBs cut to 0% – Art. 104a CRR reduced the CET1 requirement – OSII / SRBs cut ➢ Delay in tougher regulatory standards – Mortgage definition of default ➢ CRR Quick Fix and other relaxations – Phase-in of stage 1/2 ECL under IFRS 9 – Non-deduction of software assets – Relief on deduction of unrealised losses – Accelerated SME support factor …avoided an explosion in RWAs and capital deductions… …but this is largely a one-off effect. Ratios could weaken as NPLs rise and require extra provisions. 6 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Expectations: Unevenly Painful, Drawn Out, But Resilience Likely ) % ( Ratio 10.7 RAC 10.0 10.4 10.5 11.1 10.6 Ratings Global S&P C 7 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using A Negative Bias: But Not Only Driven By Covid-19 Positive Profitability • Banque Cantonale de Geneve M&A • Bankia Negative Economic Risk Economic+Industry Risk Capital and Risk Profile Ownership • RBI • BNP • Argenta • RCI Banque • Oberbank • BPCE • ABN • FCE Bank • OP Corporate Bank • Credit Mutuel • Rabobank • Iccrea • Credit Agricole • NIBC Profitability • UniCredit • Societe Generale • Abanca • Bankinter • Alior • Cooperative Banking Sector Germany • BBVA • Nordea • NLB Group • DekaBank Deut.Girozentrale • Banco de Sabadell • AIB Group • Barclays • Helaba • Banco Santander • BOI Group • Lloyds • Volkswagen Bank • Ibercaja • PTSB Group • NatWest • Deutsche Bank • Virgin Money Domestic Sovereign • KBC Group Resolution Strategy • Intesa + UBI • ING Group • Deutsche Pfandbriefbank • Mediobanca • Hamburg Commercial Bank Source: S&P Global Ratings. Data as of Sep. 24, 2020, covers Top 100 European banks. Reflects only the primary source of upside / downside risk. For KBC and ING negative outlook relates only to the holding company. 8 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using The Battle For Profitability: Options Remain, But Few Quick Wins Industry collaboration / cost sharing Leverage Opening Banking / APIs Reduce client servicing / RM coverage Redouble cross-sell efforts Cut real estate footprint Add service charges Branch closures Raise new lending margins Simplify / automate front-to-back processes Pass on negative rates Product rationalization Reduced credit demand Expand risk & compliance Depressed client activity Expand collections / recoveries Pricing competition Invest in digitization New digital entrants Risk appetite 9 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Tech Disruption: A Risk For All, But Unequally So We assess the risk of disruption in retail banking as part of our bank ratings. Opportunities and threats from tech disruption relate to four factors: technology, regulation, industry, preferences. 10 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Unloved By Equity Investors: Banks Will Consolidate Further 11 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Sovereign-Bank Nexus: Deeper And More Complex 12% • 10% 8% 6% 4% 2% • 0% • C 12 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Key Takeaways It’s too early to tell which banks will be resilient and which less so • • The pandemic event will accelerate secular change • . We already differentiate between the banks and expect further divergence • Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Thank You Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off footer by using Copyright © 2020 by Standard & Poor’s Financial Services LLC. All rights reserved. No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial ServicesLLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an "as is" basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNE SS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT'S FUNCTIONING WILL BE UNINTERRUPTED, OR THAT THE CONTENT WILL OPERATE WITH ANY S OFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages. Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date the y are expressed and not statements of fact. S&P's opinions, analyses, and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not addressthe suitability of any security. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its m anagement, employees, advisors and/or clients when making investment and other business decisions. S&P does not act as a fiduciary or an investment advisor except where registered as such. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives. Rating-related publications may be published for a variety of reasons that are not necessarily dependen t on action by rating committees, including, but not limited to, the publication of a periodic update on a credit rating and related analyses. To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw, or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal, or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof. S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objecti vity of their respective activities. As a result, certain
Load more

Recommended publications
  • Presentation Dated: 18Th May 2018 Oberbank
    Oberbank AG – Presentation Dated: 18th May 2018 Oberbank. Not like anyotherbank. CONTENTS 2 5 Facts & Figures on Covered Pool Oberbank 1 4 Pages : 15 - 23 Pages : 35 - 42 Real Estate Market Presentation 3 in Austria 6 Pages: 3 - 14 Pages : 29 - 34 Expansion Funding Pages : 24 - 28 Pages : 43 - 45 Dr. Franz Gasselsberger Robert Musner CEO Deputy Head of Global Financial Markets 2 FACTSHEET OBERBANK Facts about Oberbank 7th largest bank in Austria Bank Total assets Average number of staff(FTEs) 2,050 1 Erste Group Bank 220.7 bn. 2 Raiffeisen Bank International AG 135.2 bn. Total assets 20.8 bn. 3 UniCredit Bank Austria AG 102.1 bn. 4 BAWAG P.S.K. 46.1 bn. Loans and advances to customers 5 Raiffeisenlandesbank OÖ 33.7 bn. 14.8 bn. 6 Raiffeisenlandesbank NÖ-Wien AG 24.3 bn. Customer funds 7 Oberbank 20.8 bn. under management 29.3 bn. 8 HYPO NOE Gruppe 14.4 bn. 9 Raiffeisenlandesbank Steiermark 11.5 bn. Source: Oberbank AG | Annual Report of regarding banks Date: 31/12/2017 3 ... … an independent regional bank in the heart of Europe … 4 IN AN ECONOMICALLY STRONG REGION THÜRINGEN Legend: SAXONY Branch X x Branches HESSE Erfurt 6 2 Prague 2 CZECH REPUBLIC Darmstadt 3 2004 BAVARIA 2 1990 2 SLOVAKIA 29 2009 BADEN- 6 2 26 WÜRTTEMBERG 5 4 Munich 8 3 Linz 4 10 Bratislava 3 3 2 AUSTRIA Budapest 2 1869 HUNGARY 2007 Source: Oberbank AG | Status: March 2018 5 INDEPENDENCE DEVELOPED OVER YEARS 1869 1990 2004 Founded in Linz Market entry in Market entry in Bavaria Czech Republic 1986 2009 Initial public offering Market entry in on the Vienna Stock Exchange Slovakia 150 Years of Oberbank 1952 1988 2002 2013 Creditanstalt First branch 100 Branches 150 Branches sells 1/3 in Vienna of its shares 1929 1985 1991 2007 Creditanstalt First branch in Lower Austria Foundation of Market entry becomes majority Drei-Banken-EDV in Hungary shareholder Source: Oberbank AG | Data: 31 March 2018 6 SHAREHOLDER STRUCTURE ENSURES INDEPENDENCE Bank für Tirol und Vorarlberg Aktiengesellschaft 16.15% Free float 36.01% Total capital 14.21% BKS Bank AG 31/12/2017 4.50% Wüstenrot Wohnungswirtschaft reg.
    [Show full text]
  • Financial Intermediation in Austria and Comparisons of Value at Risk Methods with Implications for Regulators
    Financial intermediation in Austria and comparisons of value at risk methods with implications for regulators Gabriela de Raaij, Burkhard Raunig and Walter Waschiczek1 1. Introduction Over the last decade, Austrian banks have experienced significant changes in their economic and legal environment. Increasing competitive pressure from non-bank financial intermediaries and foreign financial institutions have led to declining income from the traditional "core" business (lending and deposit taking) of Austrian banks. As a result, they are forced to substitute interest income with non- interest income to sustain certain levels of profitability. In addition, EMU will have a significant impact on the banking industry since Austrian banks will have to operate in a large and highly liquid euro financial market. Another important issue for Austrian banks as well as for regulators is the new capital adequacy directive (CAD) which is part of the Austrian Banking Act since 1st January 1998. The intention of the CAD is to provide an international "level-playing field" for financial institutions and to ensure national and global financial stability. According to the CAD, banks have, in addition to the so-called "standard approach", the option to use Value at Risk (VaR) models to determine their capital requirements for market risk that arise from their trading books. These rather advanced methods already have an important impact on risk measurement, risk management and capital requirements of major Austrian banks and will be even more important in the future. Both topics are of major importance for the Austrian banking industry and for the regulatory authorities as well. However, they cover rather different areas and are hard to present in an integrated manner.
    [Show full text]
  • A. Lista Ta' Entitajiet Sinifikanti Taħt Superviżjoni Belġju
    Il-lista ta’ entitajiet sinifikanti taħt superviżjoni u l-lista ta’ istituzzjonijiet inqas sinifikanti L-aħħar aġġornament: 30 ta’ Jannar 2015 A. Lista ta’ entitajiet sinifikanti taħt superviżjoni Skont l-Artikolu 49(1) tar-Regolament (UE) Nru 468/2014 tal-Bank Ċentrali Ewropew (BĊE/2014/17)1 (ir-Regolament Qafas tal-MSU), il-BĊE ppubblika lista bl-ismijiet tal-entitajiet taħt superviżjoni2 u l-gruppi taħt superviżjoni3 li jidħlu fis-superviżjoni diretta tal-BĊE (“entità sinifikanti taħt superviżjoni” u “grupp sinifikanti taħt superviżjoni”, skont id-definizzjoni li tinsab fl-Artikolu 2, punti (16) u (22), tar-Regolament Qafas tal-MSU4), bir-raġunijiet speċifiċi għal din is-superviżjoni diretta u, fil-każ ta’ klassifikazzjoni bħala sinifikanti abbażi tal-kriterju tad-daqs, bil-valur totali tal- assi tal-entità taħt superviżjoni jew tal-grupp taħt superviżjoni. B. Lista ta’ istituzzjonijiet inqas sinifikanti Il-BĊE ppubblika wkoll il-lista ta’ entitajiet taħt is-superviżjoni ta’ awtorità nazzjonali kompetenti. Skont l-Artikolu 49(2) tar-Regolament Qafas tal-MSU, il-lista fiha l-ismijiet tal-entitajiet taħt superviżjoni li hemm referenza għalihom fl-Artikolu 2, punt (20),5 u fl-Artikolu 2, punt (7),6 tar- Regolament Qafas tal-MSU, fejn huma msemmijin bħala “istituzzjonijiet inqas sinifikanti” bi qbil 1 Ir-Regolament (UE) Nru 468/2014 tas-16 ta’ April 2014 tal-Bank Ċentrali Ewropew li jistabbilixxi l- qafas għal kooperazzjoni fi ħdan il-Mekkaniżmu Superviżorju Uniku bejn il-Bank Ċentrali Ewropew u l- awtoritajiet nazzjonali kompetenti u ma’ awtoritajiet nazzjonali nominati (Regolament Qafas tal-MSU) (BĊE/2014/17) (ĠU L 141, 14.5.2014, p.
    [Show full text]
  • R E F E R E N Z
    Au szug aus unseren Referenzen RB Absdorf, HA der RB Region Wagram NÖ RB Eferding, Hanst. der RB Region Eferding OÖ RB Adlwang, Fil. der RB Region Sierning OÖ Oberbank Eggenfelden, Fil. der Oberbank AG, Linz D RB Alkoven, Fil. der RB Region Eferding OÖ RB Elsbethen-Glasenbach; Fil. des RVS Salzburg SBG SPK Alkoven, Fil. SPK Eferding-Peuerbach-Waizenk OÖ RB Enns, Hanst. der RB Enns OÖ RB Altenmarkt, Hanst. der RB Altenmarkt-Flachau-Eben SBG RB Enzenkirchen, Fil. der RB Region Schärding OÖ SPK Althofen. Fil. der Kärntner Sparkasse KTN Oberbank Erfurt, Fil. der Oberbank AG, Linz D RRB Ampass, Fil. der RRB Hall in Tirol T SPK Etsdorf am Kamp, Fil. der SPK Langenlois NÖ SPK Amstetten, Hanst. der SPK der Stadt Amstetten NÖ RB Eugendorf, Hanst. der RB Eugendorf-Plainfeld SBG RB Annaberg, Hanst. der RB Annaberg-Lungötz SBG RB Falkenstein, Fil. der RB Mistelbach NÖ RB Anthering, Hanst. der RB Anthering-Elixhausen SBG RB Feldbach, Hanst. RB Feldbach-Bad Gleichenberg STMK RB Aschau im Zillertal, Fil. der RB Zell am Ziller T Hypo Feldkirchen, Fil. der Hypo Alpe-Adria Klagenfurt KTN SPK Asten, Fil. der Allgem. SPK OÖ Bank AG OÖ SPK Feldkirchen, Hanst. der SPK Feldkirchen KTN RB Attnang, Fil. der RB Region Vöcklabruck OÖ VB Ferlach, Hanst. der VB Kärnten Süd KTN RB Auffach, Fil. der RB Wildschönau T RB Fernitz, Fil. der RB Hausmannstätten STMK pbank Bad Eisenkappel, Hanst. Posojilnica Bad Eisenk. KTN RB Frankenburg, Fil. der RB Region Vöcklabruck OÖ RB Bad Fischau-Brunn, Fil. der RRB Wiener Neustadt NÖ Oberbank Frankenmarkt, Fil.
    [Show full text]
  • BANK FÜR TIROL UND VORARLBERG AKTIENGESELLSCHAFT SHAREHOLDERS' REPORT: INTERIM REPORT AS at 30/09/2020 Interim Report Contents
    BANK FÜR TIROL UND VORARLBERG AKTIENGESELLSCHAFT SHAREHOLDERS' REPORT: INTERIM REPORT AS AT 30/09/2020 Interim Report Contents 2 Important dates for BTV shareholders in 2020 12 BTV Group: notes to the accounts 2020 15 Accounting and valuation principles 3 BTV Group at a glance 30 Significant events during or after the reporting period 31 Notes on the balance sheet – Assets 39 Notes on the balance sheet – Liabilities Management report and notes on BTV 43 Notes on the statement of comprehensive income Group business trends 47 Other and supplementary notes on the balance sheet 4 Economic environment 56 Segment reporting 5 BTV shares 6 Balance sheet and profit trend 61 Statements by the statutory representatives Abridged consolidated financial statements 8 Balance sheet 62 Imprint 9 Statement of comprehensive income 10 Statement of changes in equity 11 Cash flow statement Important dates for BTV shareholders Annual General Meeting 10/06/2020, 11:00 a.m., Stadtforum 1, Innsbruck (held virtually) The dividend will be published on the BTV homepage and in the gazette of the Wiener Zeitung the day after the Annual General Meeting. Ex-dividend date 16/06/2020 Payment of dividend 18/06/2020 Interim report as at 31/03/2020 Published on 29/05/2020 (www.btv.at) Half-Year Financial Report as at 30/06/2020 Published on 28/08/2020 (www.btv.at) Interim report as at 30/09/2020 Published on 27/11/2020 (www.btv.at) 2 BTV Interim Report as at 30/09/2020 BTV Group at a glance Profit and loss in EUR million 30/09/2020 30/09/2019 Change in % Net interest income
    [Show full text]
  • Updated As of 01/06/2017 Changes Highlighted in Yellow
    NEW QUARTER TOTAL PDship per Previous Quarter Firm Legal Entity Holding Dealership AT BE BG CZ DE DK ES FI FR GR HU IE IT LV LT NL PL PT RO SE SI SK UK Current Quarter Changes Bank March 2016) ABLV Bank ABLV Bank, AS 1 bank customer bank customer 0 Abanka Vipa Abanka Vipa d.d. 1 bank customer bank customer 0 ABN Amro ABN Amro Bank N.V. 3 bank inter dealer bank inter dealer 0 Alpha Bank Alpha Bank S.A. 1 bank customer bank customer 0 Allianz Group Allianz Bank Bulgaria AD 1 bank customer bank customer 0 Banca IMI Banca IMI S.p.A. 3 bank inter dealer bank inter dealer 0 Banca Transilvania Banca Transilvania 1 bank customer bank customer 0 Banco BPI Banco BPI + 1 bank customer bank customer 0 Banco Comercial Português Millenniumbcp + 1 bank customer bank customer 0 Banco Cooperativo Español Banco Cooperativo Español S.A. + 1 bank customer bank customer 0 Banco Santander S.A. + Banco Santander / Santander Group Santander Global Banking & Markets UK 6 bank inter dealer bank inter dealer 0 Bank Zachodni WBK S.A. Bank Millennium Bank Millennium S.A. 1 bank customer bank customer 0 Bankhaus Lampe Bankhaus Lampe KG 1 bank customer bank customer 0 Bankia Bankia S.A.U. 1 bank customer bank customer 0 Bankinter Bankinter S.A. 1 bank customer bank customer 0 Bank of America Merrill Lynch Merrill Lynch International 9 bank inter dealer bank inter dealer 0 Barclays Barclays Bank PLC + 17 bank inter dealer bank inter dealer 0 Bayerische Landesbank Bayerische Landesbank 1 bank customer bank customer 0 BAWAG P.S.K.
    [Show full text]
  • Austria-Based Oberbank AG Rated 'A/A-1'; Outlook Stable
    Research Update: Austria-Based Oberbank AG Rated 'A/A-1'; Outlook Stable Primary Credit Analyst: Benjamin Heinrich, CFA, FRM, Frankfurt + 49 693 399 9167; [email protected] Secondary Contact: Anna Lozmann, Frankfurt (49) 69-33-999-166; [email protected] Table Of Contents Overview Rating Action Rationale Outlook Ratings Score Snapshot Related Criteria Related Research Ratings List WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JANUARY 9, 2019 1 Research Update: Austria-Based Oberbank AG Rated 'A/A-1'; Outlook Stable Overview • As a midsize bank in Austria, Oberbank has weaker diversity than larger rated peers, but we consider this to be offset by its proven stable and strong franchise in core markets, above-average cost efficiency, and strong capitalization. • The material buffer of loss-absorbing capacity at Oberbank would likely help to protect senior unsecured creditors, since we think that, despite Oberbank's relatively modest size, it would be subject to a bail-in-led resolution if it were to fail. • We are assigning our 'A/A-1' long- and short-term issuer credit ratings and 'A+/A-1' long- and short-term resolution counterparty ratings to Oberbank. • The stable outlook reflects our view that Oberbank will maintain its competitive advantage and that expansion in foreign markets will not materially affect the bank's risk profile or its strong capitalization. It also reflects our view that the bank will keep a buffer of additional loss capacity instruments above 5% of our risk-weighted assets metric. Rating Action On Jan. 9, 2019, S&P Global Ratings assigned its 'A/A-1' long- and short-term issuer credit ratings to Austria-based Oberbank AG.
    [Show full text]
  • Rating Reports
    Oberbank AG Primary Credit Analyst: Benjamin Heinrich, CFA, FRM, Frankfurt + 49 693 399 9167; [email protected] Secondary Contacts: Anna Lozmann, Frankfurt + 49 693 399 9166; [email protected] Gabriel Zwicklhuber, Frankfurt + 49(0)6933999169; [email protected] Research Contributor: Karim Kanj, Frankfurt + 49 69 3399 9109; [email protected] Table Of Contents Major Rating Factors Outlook Rationale Related Criteria Related Research WWW.STANDARDANDPOORS.COM/RATINGSDIRECT FEBRUARY 11, 2021 1 Oberbank AG Additional SACP a- Support +1 0 + + Factors Anchor a- Issuer Credit Rating ALAC +1 Business Support Strong Position 0 A/Negative/A-1 Capital and GRE Support Strong 0 Earnings +1 Risk Position Moderate -1 Group Resolution Counterparty Rating Support 0 Funding Average A+/--/A-1 0 Sovereign Liquidity Adequate Support 0 Major Rating Factors Strengths: Weaknesses: • Strong and stable corporate and retail franchise in • Regional concentration in corporate business. Upper Austria and Salzburg. • Concentration from sizable equity investments in • Sound cost efficiency. Upper Austria. • Strong capitalization and solid additional • The COVID-19 pandemic will lead to higher credit loss-absorbing capital (ALAC). losses and lower contributions from equity investments. WWW.STANDARDANDPOORS.COM/RATINGSDIRECT FEBRUARY 11, 2021 2 Oberbank AG Outlook: Negative The negative outlook reflects S&P Global Ratings' view of heightening economic risk for the Austrian banking sector in light of the COVID-19 pandemic. We could lower the ratings on Oberbank AG within the next two years if it does not sustain strong capitalization, robust asset quality, and ALAC above our 5% threshold. Downside scenario We might lower our long-term rating on Oberbank by one notch if we saw increased risks to the Austrian banking industry resulting from the pandemic, which would lead to a revision of our anchor for Austrian banks to 'bbb+' from 'a-'.
    [Show full text]
  • List of Market Makers and Authorised Primary Dealers Who Are Using the Exemption Under the Regulation on Short Selling and Credit Default Swaps
    Last update 11 August 2021 List of market makers and authorised primary dealers who are using the exemption under the Regulation on short selling and credit default swaps According to Article 17(13) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (the SSR), ESMA shall publish and keep up to date on its website a list of market makers and authorised primary dealers who are using the exemption under the Short Selling Regulation (SSR). The data provided in this list have been compiled from notifications of Member States’ competent authorities to ESMA under Article 17(12) of the SSR. Among the EEA countries, the SSR is applicable in Norway as of 1 January 2017. It will be applicable in the other EEA countries (Iceland and Liechtenstein) upon implementation of the Regulation under the EEA agreement. Austria Italy Belgium Latvia Bulgaria Lithuania Croatia Luxembourg Cyprus Malta Czech Republic The Netherlands Denmark Norway Estonia Poland Finland Portugal France Romania Germany Slovakia Greece Slovenia Hungary Spain Ireland Sweden Last update 11 August 2021 Austria Market makers Name of the notifying Name of the informing CA: ID code* (e.g. BIC): person: FMA ERSTE GROUP BANK AG GIBAATWW FMA OBERBANK AG OBKLAT2L FMA RAIFFEISEN CENTROBANK AG CENBATWW Authorised primary dealers Name of the informing CA: Name of the notifying person: ID code* (e.g. BIC): FMA BARCLAYS BANK PLC BARCGB22 BAWAG P.S.K. BANK FÜR ARBEIT UND WIRTSCHAFT FMA BAWAATWW UND ÖSTERREICHISCHE POSTSPARKASSE AG FMA BNP PARIBAS S.A.
    [Show full text]
  • Roadshow Green Bond | June 2021 # COMPANY PROFILE
    Roadshow Green Bond | June 2021 # COMPANY PROFILE 2 Roadshow Green Bond | June 2021 FACT SHEET OBERBANK Oberbank 7th largest bank in Austria Facts & Figures Bank Total assets in EUR Staff (FTEs) 2,168 1 Erste Group Bank 277.4 billion 2 Raiffeisen Bank International AG 166.0 billion Receivables from customers 3 UniCredit Bank Austria AG 118.5 billion 17.3 billion 4 BAWAG P.S.K. 53.1 billion 5 Raiffeisenlandesbank OÖ AG 41.5 billion Primary funds 15.4 billion 6 Raiffeisenlandesbank NÖ-Wien AG 27.7 billion 7 Oberbank 24.4 billion Number of branches 8 HYPO NOE Gruppe 16.4 billion 176 Raiffeisen-Landesbank Steiermark 9 16.0 billion ▪ Source: Oberbank AG, Annual Report 2020 | Annual Reports of the respective institutions AG ▪ As of 31.12.2020 3 Roadshow Green Bond | June 2021 5 COUNTRIES – 176 BRANCHES – ONE OBERBANK 2020: 176 Filialen Potsdam Branch openings 2021 • Potsdam • Jindřichův Hradec • Tatabánya (planned) Mainz Jindřichův Hradec Karlsruhe Kosice Memmingen Tatabány a Source: Oberbank AG Roadshow Green Bond | June 2021 4 As of: 31.12.2020 INDEPENDENCE DEVELOPED OVER YEARS 1869 1984 1990 2004 2019 Founded in Linz End of syndicate Market entry Market entry in 150 Years of agreement with Bavaria/Germany the Czech Oberbank Creditanstalt Republic 177 Branches 1945 2000 2009 13 branches First presentation Market entry in of Oberbank, BTV Slovakia and BKS as 3 Banken Gruppe 1952 2002 2013 Creditanstalt 100 branches 150 branches sells 1/3 of its shares to BKS and BTV 1986 2007 1929 Initial public offering Market entry in Creditanstalt at the Vienna Stock Hungary becomes majority Exchange shareholder 5 Roadshow Green Bond | June 2021 ISSUER RATING OF OBERBANK Rating by Standard & Poor‘s Credit rating Outlook Long-term issuer rating A negative Short-term issuer rating A-1 Mortgage-backed cover pool AAA stable Source: Standard & Poor‘s As of: 11.02.2021 Issuer rating; 23.03.2021 Rating of mortgage-backed cover pool; 22.10.2020 Rating Senior Non- Preferred 6 Roadshow Green Bond | June 2021 SHAREHOLDER STRUCTURE ENSURES AUTONOMY Bank für Tirol und Vorarlberg AG (incl.
    [Show full text]
  • ADB's Trade Finance Program Confirming Banks List
    Trade Finance Program Confirming Banks List As of 12 February 2016 AFGHANISTAN Bank Alfalah Limited (Afghanistan Branch) 410 Chahri-e-Sadarat Shar-e-Nou, Kabul, Afghanistan National Bank of Pakistan (Jalalabad Branch) Bank Street Near Haji Qadeer House Nahya Awal, Jalalabad, Afghanistan National Bank of Pakistan (Kabul Branch) House No. 2, Street No. 10 Wazir Akbar Khan, Kabul, Afghanistan ALGERIA HSBC Bank Middle East Limited, Algeria 10 Eme Etage El-Mohammadia 16212, Alger, Algeria ANGOLA Banco Millennium Angola SA Rua Rainha Ginga 83, Luanda, Angola ARGENTINA Banco Patagonia S.A. Av. De Mayo 701 24th floor C1084AAC, Buenos Aires, Argentina Banco Rio de la Plata S.A. Bartolome Mitre 480-8th Floor C1306AAH, Buenos Aires, Argentina AUSTRALIA Australia and New Zealand Banking Group Limited Level 20, 100 Queen Street, Melbourne, VIC 3000, Australia Australia and New Zealand Banking Group Limited (Adelaide Branch) Level 20, 11 Waymouth Street, Adelaide, Australia Australia and New Zealand Banking Group Limited (Adelaide Branch - Trade and Supply Chain) Level 20, 11 Waymouth Street, Adelaide, Australia Australia and New Zealand Banking Group Limited (Brisbane Branch) Level 18, 111 Eagle Street, Brisbane QLD 4000, Australia Australia and New Zealand Banking Group Limited (Brisbane Branch - Trade and Supply Chain) Level 18, 111 Eagle Street, Brisbane QLD 4000, Australia Australia and New Zealand Banking Group Limited (Perth Branch) Level 6, 77 St Georges Terrace, Perth, Australia Australia and New Zealand Banking Group Limited (Perth Branch
    [Show full text]
  • Interim Report to Shareholders As at 30 September 2019 Oberbank at a Glance
    Years Interim Report to Shareholders as at 30 September 2019 Oberbank at a Glance Income statement in €m Q1-3 2019 Change Q1-3 2018 Net interest income 258.9 4.6% 247.6 Income from entities recognised using the equity 39.2 -42.8% 68.4 Chargesmethod for losses on loans and advances 11.0 >-100% -4.6 Net commission income 121.2 1.6% 119.3 Administrative expenses -224.3 4.6% -214.5 Profit for the period before tax 238.8 12.4% 212.4 Profit for the period after tax 195.2 7.8% 181.1 Balance sheet in €m 30/9/2019 Change 31/12/2018 Total assets 22,924.3 3.2% 22,212.6 Loans and advances to customers 16,621.2 4.6% 15,883.0 Primary funds 14,428.7 1.3% 14,244.0 of which savings deposits 2,701.8 0.7% 2,684.1 of which securitised liabilities 2,326.5 10.9% 2,098.3 incl. subordinated debt capital Equity 2,952.5 5.5% 2,797.9 Customer funds under management 30,365.2 6.4% 28,530.9 Own funds purs. to CRR in €m 30/9/2019 Change 31/12/2018 Common equity tier 1 capital (CET 1) 2,545.9 1.1% 2,517.8 Tier 1 capital 2,595.9 1.3% 2,563.1 Own funds 2,940.1 1.0% 2,911.8 CET 1 ratio in % 16.77 -0.69% ppt 17.46 Tier 1 capital ratio in % 17.10 -0.67% ppt 17.77 Total capital ratio in % 19.37 -0.82 ppt 20.19 Liquidity ratios 30/9/2019 Change 31/12/2018 Liquidity Coverage Ratio in % 137.20 2.22% ppt 134.98 Net Stable Funding Ratio in % 119.71 -0.11% ppt 119.82 Leverage Ratio in % 10.50 -0.18% ppt 10.68 Performance indicators Q1-3 2019 Change Q1-3 2018 Cost/income ratio in % 49.61 -0.09% ppt 49.70 Return on equity before tax in % 11.16 0.39% ppt 10.77 Return on equity after
    [Show full text]