«Bank of Asia» opened an account with Landesbank Baden-Wuerttemberg, Germany
Dear Clients,
We are pleased to announce that our bank has again expanded its correspondent network at Landesbank Baden-Wuerttemberg (LBBW), Stuttgart, Germany in Euros.
According to the international rating agency Moody’s Investors Service, Landesbank Baden-Wuerttemberg (LBBW) has the following credit rating:
| Agency | Rating | Meaning |
| Moody’s Investors Service | Long-term debt rating | Aa3, 03 Aug 2018 |
| Long-term deposit rating | Aa3, 03 Aug 2018 | |
| Basic credit rating | baa2, 13 Sep 2017 | |
| Prognosis | Stable |
The existing rating asserts that Landesbank Baden-Wuerttemberg (LBBW) has a high financial stability and level of reliability.
Background: Landesbank Baden-Wuerttemberg is the largest state lender in Germany. The head office of the bank is located in Stuttgart. Assets (12/31/2017) 238 billion euros. The bank has more than 10 thousand employees.
LBBW includes retail banks Baden-Württembergische Bank (BW-Bank), Rheinland-Pfalz Bank and Sachsen Bank. The bank has 200 branches and service points in Germany and another 24 in other countries.
LBBW also has a very wide correspondent network, including 2,800 banks worldwide. One of the main clients of LBBW are such large and well-known companies like Mercedes-Benz, Porsche, BOSCH, Siemens, BOSS, TRUMPF and others.
