Detail analýzy
| 15.07.2024 / Erste Group Research |
Bausparkasse Wuestenrot AG The Austrian Wuestenrot Group is a financial services group headquartered in Salzburg. The two main institutions are Bausparkasse Wuestenrot AG and Wuestenrot Versicherungs-AG. The group's total assets amounted to around EUR 11.2bn at the end of 2023. In 2023, the building society reported net profit of EUR 53.8mn (previous year: EUR 30.9mn). The main reasons for the increase in earnings were the strong net interest income (+16.2%) due to the rise in interest rates, the increase in investment income (insurance payout) and a stable cost trend. Bausparkasse Wuestenrot obtains most of its funding (64%) from customer deposits. The funding share from capital market instruments (covered bonds and senior preferreds) amounted to around 32% at the end of 2023. The mortgage covered bond program has the highest rating from Moody's and S&P. The issuer rating is reported as 'Baa1'/stable by Moody's and 'BBB+'/positive by S&P. The building society states that it intends to issue green bonds in the future. |
 Stáhnout PDF (303kB)
|
Základní informace
| Autor | Erste Group Research |
| Datum | 15.07.2024 |
| Jazyk |  |
| Název produktu | Credit News |
| Hlavní téma | Podnikové dluhopisy |
| Zaostřeno na ekonomiku | Rakousko |
| Zaměřeno na měnu | Euro |
| Zaměřeno na sektor | - |
| Stáhnout |
