Frankfurter Sparkasse

Business Focus
retail banking

Frankfurter Sparkasse is a member of Sparkassen Finanzgruppe and is the 5th largest savings bank in Germany out of 379.

Core business of Frankfurter Sparkasse is providing high-quality retail banking products and services to local residents: private customers, small- and medium-sized enterprises and public-sector institutions.

Traditionally for savings banks Frankfurter Sparkasse is essentially focused on broad participation in developing citizens' prosperity and on increasing local economic strength rather than on maximising profits. This business focus help Frankfurter Sparkasse to avoid excessive risks which is reflected in high credit ratings of Frankfurter Sparkasse.

Frankfurter Sparkasse, one of the largest savings banks in Germany, is a modern, universal bank, providing all types of financial services for both private and corporate customers. Frankfurter Sparkasse offers direct banking via its subsidiary 1822direkt. Frankfurter Sparkasse belongs to Landesbank Hessen-Thüringen (Helaba).

Services

retail banking

Clients

natural persons
small- and medium-sized enterprises
public-sector organizations

Area Served

local community
DEGermany

Products

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Frankfurter Sparkasse can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch


Due to regulatory requirements Frankfurter Sparkasse performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Frankfurter Sparkasse will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Frankfurter Sparkasse will ask to provide corporate documentation as well as information about controlling persons. Frankfurter Sparkasse may request additional documentation or information depending on the case. Frankfurter Sparkasse performs client's identity verification via branch visit.

Ways to Bank

Frankfurter Sparkasse delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Frankfurter Sparkasse
Market Share of Frankfurter Sparkasse
Total Assets (2019)
19,889.63 mln EUR  (+3.88%)
Number of Employees (2019)
1,673  (-2.11%)

In 2019 total assets of Frankfurter Sparkasse were 19 889,63 mln EUR. Frankfurter Sparkasse is the 5th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 1.53% amongst the banks of this category. Frankfurter Sparkasse had 1 673 employees in 2019.

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

Frankfurter Sparkasse 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
Institutional Protection Scheme of the Savings Banks Finance Group
Covered Depositors
individuals
companies
Covered Accounts
all deposit accounts

Frankfurter Sparkasse participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Frankfurter Sparkasse is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

Contacts

Neue Mainzer Straße 47 - 53, 60311, Frankfurt am Main, Germany
069 2641-0
069 2641-2900

Frankfurter Sparkasse is located in Frankfurt Am Main.

Bank Identifiers

BIC (SWIFT)
HELADEF1822
LEI
529900VA5CNBWXAONR25
MFI ID
DE01111