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03.06.2019 / Erste Group Research

Issuer Profile | VUB Banka

VUB Banka is Slovakia’s second largest banking group. The bank provides retail and commercial banking services in Slovakia, where it operates through a network of more than 200 branches.

Within retail banking, the mortgage lending business plays an important part, where the bank has a market share of 23.8% as of 2018.

Moody’s currently assigns a rating of A2 to VUB Banka. The covered bonds are currently rated Aa2. The outlook for the ratings is stable.

VUB Banka’s main source of funding is customer deposits. Capital markets funding is solely conducted through the issuance of mortgage covered bonds. VUB Banka is the largest issuer of mortgage covered bonds in Slovakia.

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Základní informace

AutorErste Group Research
Datum03.06.2019
Jazyken
Název produktuCredit News
Hlavní témaPodnikové dluhopisy
Zaostřeno na ekonomikuRakousko, Slovensko
Zaměřeno na měnuEuro
Zaměřeno na sektor-
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