Expected extraordinary group support from its owners, the German savings banks, if needed. Position as one of the leading domestic asset managers, benefiting from its integration into the German savings bank sector. Adequate capital levels and liquidity compared with other German commercial banks. Potential earnings volatility due to revenues' sensitivity to capital market conditions. Lower level of risk diversification and higher operational and reputational risks than peers. Reliance on wholesale funding. The stable outlook reflects our assumption that a material shift in DekaBank's strategy following its integration with the German savings banks is unlikely over the next 12-24 months. We also base the outlook on our assumption that a material change in Germany's banking economic risk over this time horizon
