Core business of Hamburger Sparkasse AG 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 Hamburger Sparkasse AG 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 Hamburger Sparkasse AG to avoid excessive risks which is reflected in high credit ratings of Hamburger Sparkasse AG.
Becoming a client of Hamburger Sparkasse AG can be done in a few steps:
Due to regulatory requirements Hamburger Sparkasse AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Hamburger Sparkasse AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Hamburger Sparkasse AG will ask to provide corporate documentation as well as information about controlling persons. Hamburger Sparkasse AG may request additional documentation or information depending on the case. Hamburger Sparkasse AG performs client's identity verification via branch visit.
In 2019 total assets of Hamburger Sparkasse AG were 46 649,11 mln EUR. Hamburger Sparkasse AG is the 1st largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 3.59% amongst the banks of this category. Hamburger Sparkasse AG had 4 957 employees in 2019.
Hamburger Sparkasse AG 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. Hamburger Sparkasse AG is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Hamburger Sparkasse AG is located in Hamburg.