Volksbank Seppenrade eG

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Volksbank Seppenrade eG Logo

Address

Dattelner Str. 1, 59348, Lüdinghausen, Germany

BIC

GENODEM1LSP

Overview

Business Focus

cooperative retail banking

Volksbank Seppenrade eG is a cooperative bank owned by its members via shares.Volksbank Seppenrade eG provides retail banking products and services to its customersfocusing on customer requirements and development of local economy, paying special attention tosmall and medium-sized enterprises (SMEs).

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Volksbank Seppenrade eG.

Services

retail banking
business banking
insurance

Clients

natural persons
small- and medium-sized enterprises
companies

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans
trading accounts

Card Providers

VisaMasterCard

See Also

Ways to Bank

Volksbank Seppenrade eG delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking
mobile app mobile app
phone phone

Credit Ratings

Fitch: A+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Volksbank Seppenrade eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
BVR Institutssicherung GmbH
Covered Accounts
all deposit accounts
Eligible Depositors
individuals
companies

Volksbank Seppenrade eG protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the BVR Institutssicherung GmbH, making regular contributions into it.

See Also

Member of Group

 DZ Bank (Germany)

Volksbank Seppenrade eG is a member of DZ Bank (Germany).

Contacts

addressDattelner Str. 1, 59348, Lüdinghausen, Germany

Volksbank Seppenrade eG was located in Lüdinghausen.

Bank Identifiers

BIC (SWIFT)
GENODEM1LSP
MFI ID
DE02989

Bank History

Close Date
July 2013

Business Summary

Services
retail banking
business banking
insurance
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans
trading accounts
Clients
natural persons
small- and medium-sized enterprises
companies
Card Providers
VisaVisa
MasterCardMasterCard

Volksbank Seppenrade eG provides products and services in the areas of retail banking, business banking, insurance. Volksbank Seppenrade eG offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans, trading accounts. Volksbank Seppenrade eG makes its solutions available to natural persons, small- and medium-sized enterprises, companies.

Ways to Bank

Business Channels
branch branch
online banking online banking
mobile app mobile app
phone phone

Products and services offered by Volksbank Seppenrade eG are available at its branches and via its online banking system, mobile application, call center.

Credit Ratings (as of Sep 2023)

Fitch
A+ (high credit quality)
Moody's
- (not rated)

Volksbank Seppenrade eG has received a rating from Fitch, a major credit rating agency. This rating assesses the institution's financial stability and creditworthiness.

Fitch

Rating Category / OutlookValue
Long-Term Issuer Default Rating A+ (high credit quality)
    Outlook stable
    On Watch No
Short-Term Issuer Default Rating F1+ (highest short-term credit quality)
Viability Rating -
Support Rating -
Support Rating Floor -

The long-term issuer rating measures the bank’s ability tomeet its financial obligations, while the short-term rating reflects itsshort-term creditworthiness. The stable outlook means Fitch does not expect this rating to change in the near future.

Identifiers of Volksbank Seppenrade eG

Discover key identifiers of Volksbank Seppenrade eG including its BIC, MFI ID.

BIC (Business Identifier Code)

BIC: GENODEM1LSP

The BIC (also known as SWIFT code) for Volksbank Seppenrade eG is GENODEM1LSP. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.

KeyValue
BIC GENODEM1LSP
Bank BIC Code GENO
Country Code DE (Germany)
Location Code M1
Branch Code LSP

MFI ID (Monetary Financial Institution Identifier)

MFI ID: DE02989

Volksbank Seppenrade eG’s MFI ID, DE02989, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Germany (DE), followed by the institutions's internal ID.

KeyValue
MFI ID DE02989
Country Code DE
MFI Code 02989

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  • country of incorporation
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