Created by Anna Mileiko 
Sparkasse Schwaz AG is a regional savings bank providing retail, private and corporate banking products and services to local individuals, professionals, SMEs and companies.
In 2023, Sparkasse Schwaz AG achieved the position of 63rd largest bank in Austria with a market share of 0.19%; its total assets dropped by 0.48%.
Additionally, the bank became the 366th profitable bank in relation to its total assets showcasing 0.02% return on assets in 2023.
Also the lender held the 301st position regarging its loans-to-deposits (L/D) registering 99.14% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Austrian deposit guarantee scheme in Sparkasse Schwaz AG.
Becoming a client of Sparkasse Schwaz AG can be done in a few steps:
Sparkasse Schwaz AG performs client's identity verification via branch visit.
branch
online banking
mobile app
Sparkasse Schwaz AG ranks as the 63rd largest bank in Austria by total assets. In 2023 its total assets were 1,870.58 mln EUR, representing a 0.19% market share. It is also the 13th largest savings bank in Austria, commanding a 0.80% share among savings banks. In 2023 the bank's net income was 300,000.00 EUR.
Sparkassen-Haftungs GmbH (s-Haftungs)Sparkasse Schwaz AG protects deposits up to up to 100,000 EUR per depositor through Austria's deposit guarantee scheme. The scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign). The bank participates in the Sparkassen-Haftungs GmbH (s-Haftungs), making regular contributions into it.
Erste Group (Austria)Sparkasse Schwaz AG is a member of Erste Group (Austria).
Franz-Josef-Straße, 8-10, 6130, Schwaz, Austria
45
050100/77300
050100/977300Sparkasse Schwaz AG is located in Schwaz.
VisaMasterCardSparkasse Schwaz AG provides products and services in the areas of retail banking, business banking, insurance. Sparkasse Schwaz AG offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, housing savings, consumer loans, car loans, mortgage loans, trading accounts, business accounts, business payment cards, business loans. Sparkasse Schwaz AG makes its solutions available to natural persons, small- and medium-sized enterprises, companies, public-sector organizations.
Opening an account with Sparkasse Schwaz AG can be done by performing the following steps: submit online application, visit bank branch.
Sparkasse Schwaz AG performs identity verification using branch visit.
branch online banking mobile appProducts and services offered by Sparkasse Schwaz AG are available at its branches and via its online banking system, mobile application.
In 2023 total assets of Sparkasse Schwaz AG were 1,870.58 mln EUR. Decline compared to the previous period (2022) was -0.48%. The evolution of the total assets of Sparkasse Schwaz AG is shown at Chart 1 below.
Chart 1. Total Assets of Sparkasse Schwaz AG.
Recent changes in total assets of Sparkasse Schwaz AG and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans to banks | 219.5 | 238.3 | +8.55% |
| Loans to customers | 1,415.2 | 1,392.2 | -1.62% |
| Bonds and other fixed-income securities | 75.7 | 65.1 | -14.04% |
| Shares and other variable-yield securities | 0.0 | 0.0 | 0.00% |
| Total Assets | 1,879.6 | 1,870.6 | -0.48% |
Table 1. Recent changes in total assets of Sparkasse Schwaz AG (mln EUR).
Recent changes in total liabilities of Sparkasse Schwaz AG and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 206.0 | 119.8 | -41.82% |
| Customer deposits | 1,466.9 | 1,524.8 | +3.95% |
| Total Liabilities | 1,879.6 | 1,870.6 | -0.48% |
Table 2. Recent changes in total liabilities of Sparkasse Schwaz AG (mln EUR).
Recent changes in gross profit of Sparkasse Schwaz AG and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Commission Income | 11.0 | 11.7 | +6.44% |
| Commission Charges | -1.3 | -1.5 | +18.96% |
| Interest Income | 31.7 | 62.1 | +95.75% |
| Interest Charges | -4.1 | -23.4 | +464.16% |
| Net Interest Income | 27.6 | 38.7 | +40.38% |
Table 3. Recent changes in gross profit of Sparkasse Schwaz AG (mln EUR).
In 2023 net income of Sparkasse Schwaz AG was 300,000.00 EUR. The evolution of the net income of Sparkasse Schwaz AG is shown at Chart 2 below.
Chart 2. Net Income of Sparkasse Schwaz AG.
In 2023 Sparkasse Schwaz AG was ranked the 63rd largest bank in Austriain terms of total assets, having 0.19% of the domestic market share.
Chart 3. Market share of Sparkasse Schwaz AG (among banks in Austria)
Historical changes in Sparkasse Schwaz AG's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 63 | 0.19 % |
| 2022 | 59 | 0.19 % |
| 2021 | 55 | 0.20 % |
| 2020 | 56 | 0.21 % |
| 2019 | 56 | 0.22 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Sparkasse Schwaz AG listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 62 |  | 0.19% | 1,884.67 mln EUR (+0.09%) |
| 63 | | 0.19% | 1,870.58 mln EUR (-0.48%) |
| 64 | | 0.19% | 1,841.58 mln EUR (-2.08%) |
In 2023 Sparkasse Schwaz AG was ranked the 13th largest savings bank in Austriain terms of total assets, having 0.80% of the category's market share.
Chart 4. Market share of Sparkasse Schwaz AG (among Savings banks in Austria)
TheBanks.eu identified several banks savings banks having the market shares and ranks closest to Sparkasse Schwaz AG listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 12 | | 0.82% | 1,916.26 mln EUR (+3.72%) |
| 13 | | 0.80% | 1,870.58 mln EUR (-0.48%) |
| 14 | | 0.73% | 1,702.04 mln EUR (+0.18%) |
Discover key identifiers of Sparkasse Schwaz AG including its BIC, LEI, sort code, company number, MFI ID.
BIC: SPSCAT22XXX
The BIC (also known as SWIFT code) for Sparkasse Schwaz AG is SPSCAT22XXX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | SPSCAT22XXX |
| Bank BIC Code | SPSC |
| Country Code | AT (Austria) |
| Location Code | 22 |
| Branch Code | XXX |
LEI: 529900P4VO14SV3AUU56
Sparkasse Schwaz AG’s LEI is 529900P4VO14SV3AUU56. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900P4VO14SV3AUU56 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | P4VO14SV3AUU |
| Verification ID | 56 |
Bank Sort Code: 20510
The Bank Sort Code for Sparkasse Schwaz AG is 20510. This unique code identifies the bank within Austria and is essential for domestic payment transactions.
| Key | Value |
|---|---|
| Bank Sort Code | 20510 |
The Bank Sort Code (also known as Bankleitzahl or BLZ) is a five-digit code allocated by the Oesterreichische Nationalbank (OeNB). It ensures accurate routing of funds between financial institutions within Austria.
Company Registration Number: 280193z
Sparkasse Schwaz AG is registered in Austria under company number 280193z. In Austria, companies are issued a registration number (Firmenbuchnummer - FN) upon formation and registering in the official register (Firmenbuch). The registration numbers consist of 6 digits and a letter.
| Key | Value |
|---|---|
| Company Number | 280193z |
MFI ID: AT0000000806750
Sparkasse Schwaz AG’s MFI ID, AT0000000806750, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Austria (AT), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | AT0000000806750 |
| Country Code | AT |
| MFI Code | 0000000806750 |
TheBanks.eu identified several banks similar to Sparkasse Schwaz AG based on various criteria, including:
