Frankfurter Sparkasse

Frankfurter Sparkasse is a member of Sparkassen Finanzgruppe and is the 4th largest savings bank in Germany out of 390.

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

Tradionally 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

Products

Financials

Total Assets (2017)
18 719.36 mln EUR  (+2.98%)
Number of Employees (2017)
1 743  (-4.91%)

In 2017 total assets of Frankfurter Sparkasse were 18 719,36 mln EUR. Frankfurter Sparkasse is the 4th largest savings bank (sparkasse) in Germany (out of 390 savings banks (sparkassen)) having market share of 1.56% amongst the banks of this category. Frankfurter Sparkasse had 1 743 employees in 2017.

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

Frankfurter Sparkasse participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

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
MFI ID
DE01111

Business Summary

Services
retail banking
Products
current accounts
debit cards
credit cards
savings accounts (0.00 - 0.05 %)
time deposit accounts
pension plans
consumer loans (1.94 - 8.99 %)
car loans
mortgage loans
car loans (1.94 - 8.99 %)
trading accounts
Area Served
local community
Eligible Clients
natural persons, enterprises and public-sector organizations

Frankfurter Sparkasse provides services in the area of retail banking. The range of products offered by Frankfurter Sparkasse includes current accounts, debit cards, credit cards, savings accounts (0.00 - 0.05 %), time deposit accounts, pension plans, consumer loans (1.94 - 8.99 %), car loans, mortgage loans, car loans (1.94 - 8.99 %), trading accounts. Frankfurter Sparkasse makes its solutions available to natural persons, enterprises and public-sector organizations.

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.

Current accounts made with Frankfurter Sparkasse are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. The following current accounts are offered by Frankfurter Sparkasse.

Updated on 15 December 2018

1822direkt-GiroSkyline
Sales Region
Germany
Account Currency
EUR
Annual Costs (EUR)
0
Overdraft Rate (p.a.)
7.43 %
Current Account Details
Product Name
1822direkt-GiroSkyline
Account Currency
EUR
Overdraft Rate (p.a.)
7.43 %
Debit Card
Visa Credit Card
Visa Credit Card Costs (p.a.)
29.9 EUR
MasterCard Credit Card
MasterCard Credit Card Costs (p.a.)
30 EUR
Telephone Banking
Branch Banking
Online Banking
1822direkt-GiroSkyline
Sales Region
Germany
Account Currency
EUR
Annual Costs (EUR)
46.8
Overdraft Rate (p.a.)
7.43 %
Current Account Details
Product Name
1822direkt-GiroSkyline
Account Currency
EUR
Annual Costs
46.8 EUR
Overdraft Rate (p.a.)
7.43 %
Debit Card
Visa Credit Card
Visa Credit Card Costs (p.a.)
29.9 EUR
MasterCard Credit Card
MasterCard Credit Card Costs (p.a.)
30 EUR
Telephone Banking
Branch Banking
Online Banking
1822direkt-GiroSkyline für Studenten und Auszubildende
Sales Region
Germany
Account Currency
EUR
Annual Costs (EUR)
0
Overdraft Rate (p.a.)
7.43 %
Current Account Details
Product Name
1822direkt-GiroSkyline für Studenten und Auszubildende
Account Currency
EUR
Overdraft Rate (p.a.)
7.43 %
Debit Card
Visa Credit Card
MasterCard Credit Card
Telephone Banking
Branch Banking
Online Banking
Girokonto
Sales Region
Germany
Account Currency
EUR
Annual Costs (EUR)
0
Overdraft Rate (p.a.)
7.43 %
Current Account Details
Product Name
Girokonto
Account Currency
EUR
Overdraft Rate (p.a.)
7.43 %
Debit Card
Visa Credit Card
MasterCard Credit Card
Telephone Banking
Branch Banking
Online Banking

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with Frankfurter Sparkasse are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. Frankfurter Sparkasse offers the following savings accounts.

Updated on 15 December 2018

Tagesgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Tagesgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
1 - 99
Investment Amount
20001 - 999999 EUR
Interest Frequency
1 times a year
Tagesgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Tagesgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
1 - 99
Investment Amount
1 - 20000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Credit Cards

Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Frankfurter Sparkasse.

Updated on 15 December 2018

Kreditkarte
Sales Region
Germany
Card Currency
EUR
Card Provider
Visa
Card Type
Standard
Annual Costs (EUR)
0.00
Credit Card Details
Product Name
Kreditkarte
Card Provider
Visa
Card Type
Standard
Annual Costs
0.00 EUR
Card Currency
EUR
Bonus Programs
Insurances
Benefits
Services

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by Frankfurter Sparkasse are shown in the table below.

Updated on 15 December 2018

Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.94 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
84 - 84
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.94 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
60 - 60
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.94 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
72 - 72
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.97 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
48 - 48
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
2.39 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
36 - 36
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
2.49 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
96 - 96
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.39 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
108 - 108
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.59 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
120 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.69 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
72 - 72
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.89 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
24 - 24
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.92 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
84 - 84
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
48 - 48
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
60 - 60
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
96 - 96
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.09 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
108 - 108
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.19 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
120 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
36 - 36
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
6.38 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
12 - 12
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
6.73 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
24 - 24
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
6.87 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
12 - 12
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.17 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
36 - 36
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.28 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
24 - 24
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.41 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
12 - 12
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.59 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
72 - 72
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.59 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
84 - 84
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.69 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
48 - 48
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.69 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
60 - 60
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
96 - 96
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
8.49 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
108 - 108
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
8.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
120 - 120

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Car Loans

Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by Frankfurter Sparkasse are shown in the table below.

Updated on 15 December 2018

Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.89 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
24 - 24
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
2.39 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
36 - 36
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
6.38 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
12 - 12
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.97 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
48 - 48
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
6.87 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
12 - 12
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
6.73 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
24 - 24
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
36 - 36
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
48 - 48
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
60 - 60
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.69 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
72 - 72
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.92 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
84 - 84
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.41 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
12 - 12
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.28 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
24 - 24
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.17 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
36 - 36
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.69 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
48 - 48
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.69 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
60 - 60
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.59 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
72 - 72
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.59 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
84 - 84
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
2.49 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
96 - 96
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
96 - 96
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
7.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
96 - 96
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.39 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
108 - 108
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.09 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
108 - 108
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
8.49 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
108 - 108
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.59 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
120 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.19 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
120 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
8.99 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
120 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.94 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
60 - 60
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.94 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
72 - 72
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
1.94 %
Borrowing Amount (EUR)
2500 - 50000
Loan Term (months)
84 - 84

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Trading Accounts

Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.

Trading accounts made with Frankfurter Sparkasse are covered by investor compensation scheme of Germany up to 20 000 EUR per investor. Trading accounts offered by Frankfurter Sparkasse are shown in the table below.

Updated on 15 December 2018

Wertpapierdepot
Sales Region
Germany
Annual Costs (EUR)
0.00
Costs per Order (EUR)
9.90 - 54.95
Trading Account Details
Product Name
Wertpapierdepot
Annual Costs
0.00 EUR
Costs per Order
9.90 - 54.95 EUR
Traded Instruments
stocks
ETFs
funds
options
Stock Exchanges
XETRA
Frankfurt
NYSE

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
18 719.36 mln EUR  (+2.98%)

In 2017 total assets of Frankfurter Sparkasse were 18 719.36 mln EUR. Growth compared to the previous period (2016) was 2.98%. The evolution of the total assets of Frankfurter Sparkasse is shown at Chart 1 below.

Total Assets of Frankfurter Sparkasse.

Chart 1. Total Assets of Frankfurter Sparkasse.

Recent changes in total assets of Frankfurter Sparkasse and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 7 789.7 8 134.2 +4.42%
Total Assets 18 177.6 18 719.4 +2.98%
Table 1. Recent changes in total assets of Frankfurter Sparkasse (mln EUR).

Recent changes in total liabilities of Frankfurter Sparkasse and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 15 991.0 16 301.9 +1.94%
Total Liabilities 18 177.6 18 719.4 +2.98%
Table 2. Recent changes in total liabilities of Frankfurter Sparkasse (mln EUR).

Number of Employees

Number of Employees (2017)
1 743  (-4.91%)

In 2017 there were 1 743 employees of Frankfurter Sparkasse. Decline compared to the previous period (2016) was -4.91%. The evolution of the number of employees of Frankfurter Sparkasse is shown at Chart 2 below.

Number of Employees of Frankfurter Sparkasse.

Chart 2. Number of Employees of Frankfurter Sparkasse.

Market Share and Rank (among Savings banks (Sparkassen) in Germany)

Total Assets (2017)
4th (market share 1.56%)

In 2017 Frankfurter Sparkasse was ranked the 4th largest savings bank (sparkasse) in Germany in terms of total assets, having 1.56% of the category's market share.

Market share of Frankfurter Sparkasse (among Savings banks (Sparkassen) in Germany)

Chart 3. Market share of Frankfurter Sparkasse (among Savings banks (Sparkassen) in Germany)

Several savings banks (sparkassen) having the market shares and ranks closest to Frankfurter Sparkasse are shown below.

RankNameTotal AssetsMarket Share
3Kreissparkasse Köln25898.66 mln EUR2.16%
4Frankfurter Sparkasse18719.36 mln EUR1.56%
5Stadtsparkasse München17980.67 mln EUR1.50%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
52nd (market share 0.26%)

In 2016 Frankfurter Sparkasse was ranked the 52nd largest bank in Germany in terms of total assets, having 0.26% of the domestic market share.

Market share of Frankfurter Sparkasse (among banks in Germany)

Chart 4. Market share of Frankfurter Sparkasse (among banks in Germany)

Several banks having the market shares and ranks closest to Frankfurter Sparkasse are shown below.

RankNameTotal AssetsMarket Share
51Investitionsbank Schleswig-Holstein19002.87 mln EUR0.27%
52Frankfurter Sparkasse18177.57 mln EUR0.26%
53Investitionsbank Berlin17979.65 mln EUR0.25%
 

Credit Ratings (as of May 2018)

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

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Frankfurter Sparkasse is rated by Fitch.

Credit ratings assigned to Frankfurter Sparkasse as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Frankfurter Sparkasse it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Frankfurter Sparkasse is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  -
Support Rating  -
Support Rating Floor  -

Viability rating for Frankfurter Sparkasse is not set support rating is not assigned; support rating floor is not set.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Frankfurter Sparkasse failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Frankfurter Sparkasse and its components are shown in the table below.

BIC  HELADEF1822
Bank BIC Code  HELA
Country Code  DE (Germany)
Location Code  F1
Branch Code  822

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Frankfurter Sparkasse is shown in the table below.

MFI ID  DE01111

Domestic Presence

Branches (2017)
83  (-4.60%)

In 2017 Frankfurter Sparkasse had 83 branches in Germany. Decline compared to the previous period (2016) was -4.60%. The evolution of the number of branches of Frankfurter Sparkasse is shown at Chart 5 below.

Branches of Frankfurter Sparkasse.

Chart 5. Branches of Frankfurter Sparkasse.