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2021/05/19 / Erste Group Research

Bausparkasse Wüstenrot AG

Die österreichische Wüstenrot Gruppe ist eine Finanzdienstleistungsgruppe mit Hauptsitz in Salzburg. Die beiden wesentlichen Institute sind die Bausparkasse Wüstenrot AG (BSWUES) und die Wüstenrot Versicherungs-AG (WUEVER).

Die österreichischen Bausparkassen unterliegen einem eigenen Gesetz, dem Bausparkassengesetz, welches die Grundsätze der Hypothekarkredite definiert. Die Bausparkassenfinanzierung wird in Österreich meist als alleinige oder Hauptfinanzierung genommen.

Im GJ 2019 wurde ein Ergebnis nach Steuern von EUR 23,6 Mio. (VJ EUR 19,1 Mio.) ausgewiesen.

Seit Dezember 2020 veröffentlicht die BSWUES ihr Emittentenrating von ‚BBB+‘ von S&P. Seit 2017 werden Pfandbriefe emittiert und seit Ende 2019 von S&P mit ‚AAA‘ bewertet. Um die Fundingstruktur zu erweitern, soll die Kapitalmarktaktivität ausgebaut werden. Der Refinanzierungsplan der BSWUES sieht dafür sowohl Emissionen mit Senior Preferred Anleihen (für das MREL-Erfordernis) als auch Pfandbriefe vor.

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General information

AuthorErste Group Research
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-


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