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Frankfurter Sparkasse

Anna MileikoCreated by Anna Mileiko

Frankfurter Sparkasse Logo

Address

Neue Mainzer Straße 47-53, 60311, Frankfurt am Main, Germany

BIC

HELADEF1822

Overview

Business Focus

retail banking

Frankfurter Sparkasse is a member of Sparkassen Finanzgruppe and is the 5th largest savings bank in Germany out of 353.

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 focusedon 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).

Performance

In 2023, Frankfurter Sparkasse achieved the position of 37th largest bank in Germany with a market share of 0.25%; its total assets grew by 0.76%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Frankfurter Sparkasse.

Services

retail banking

Clients

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

Area Served

local community
DEGermany

Products

Card Providers

VisaMasterCard

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Account Opening

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

Frankfurter Sparkasse Account Opening
1.
Book an appointment
2.
Visit bank branch


Frankfurter Sparkasse performs client's identity verification via branch visit.

See Also

Ways to Bank

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

Financials

Total Assets of Frankfurter Sparkasse
Market Share of Frankfurter Sparkasse
Total Assets (2023)
22,624.21 mln EUR   (+0.76%)
Number of Employees (2023)
1,534   (+2.13%)

Frankfurter Sparkasse is the 37th largest bank in Germany in terms of total assets. In 2023 its total assets were 22 624,21 mln EUR, providing the bank with the market share of 0.25%. Frankfurter Sparkasse is the 5th largest savings bank (sparkasse) in Germany (out of 353 savings banks (sparkassen)) having market share of 1.50% amongst the banks of this category. Frankfurter Sparkasse had 1 534 employees in 2023.

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

Guarantee Fund
Institutional Protection Scheme of the Savings Banks Finance Group
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

Frankfurter Sparkasse participates in the deposit guarantee scheme of Germany which 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.

See Also

Contacts

addressNeue Mainzer Straße 47-53, 60311, Frankfurt am Main, Germany
phone069 2641-0
fax069 2641-2900

Frankfurter Sparkasse is located in Frankfurt Am Main.

Bank Identifiers

BIC (SWIFT)
HELADEF1822
LEI
529900VA5CNBWXAONR25
MFI ID
DE01111
Flag of Germany

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