Core business of Förde 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 Förde 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 Förde Sparkasse to avoid excessive risks which is reflected in high credit ratings of Förde Sparkasse.
Becoming a client of Förde Sparkasse can be done in a few steps:
Due to regulatory requirements Förde Sparkasse performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Förde Sparkasse will ask him/her to provide the following documents: passport; proof of address. For corporate clients Förde Sparkasse will ask to provide corporate documentation as well as information about controlling persons. Förde Sparkasse may request additional documentation or information depending on the case. Förde Sparkasse performs client's identity verification via branch visit.
In 2019 total assets of Förde Sparkasse were 7 836,46 mln EUR. Förde Sparkasse is the 33rd largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.60% amongst the banks of this category. Förde Sparkasse had 1 308 employees in 2019.
Förde Sparkasse is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Förde 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. Förde Sparkasse is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Förde Sparkasse is located in Kiel.