Research Detail
| 2019/06/03 / Erste Group Research |
Issuer Profile | Oberbank AG The bank defines itself as a regional universal bank for corporate customers and SMEs, with a second strategic pillar in high-end private banking. The bank's core markets are the provinces of Upper Austria and Salzburg, but Oberbank has a cross-border market presence as well (in Germany and the CEE region). The corporate customers business is the most important contributor to the bank's earnings. Together with Bank fuer Tirol und Vorarlberg (BTV) and BKS Bank AG (BKS), Oberbank forms the “3 Banken Group”. Since 09 Jan. 2019 S&P assigns an issuer rating of 'A' with a stable outlook to Oberbank. Oberbank obtains a large part of its funding from savings, demand and time deposits. However, the bank intends to boost the share of long-term refinancing instruments in the funding mix. |
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General information
| Author | Erste Group Research |
| Date | 2019/06/03 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria |
| Currency in focus | Euro |
| Sector in focus | - |
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