Kasseler Sparkasse

Anna Mileiko Created by Anna Mileiko

Kasseler Sparkasse Logo

Address

Wolfsschlucht 9, 34117, Kassel, Germany

BIC

HELADEF1KAS

Overview

Business Focus

retail banking

Kasseler Sparkasse, part of the Sparkassen Finanzgruppe, is the 53rd largest savings bank in Germany.

The bank specializes in retail banking services for individuals, small and medium-sized enterprises, and public institutions. By prioritizing local economic development and community prosperity over profit maximization, it maintains a conservative risk approach, reflected in its strong credit ratings.

Performance

In 2023, Kasseler Sparkasse achieved the position of 120th largest bank in Germany with a market share of 0.08%; its total assets dropped by 5.65%.

Deposit Protection

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

Services

retail banking

Clients

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

Area Served

local community

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans

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 Kasseler Sparkasse can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

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

See Also

Ways to Bank

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

Financials

Total Assets of Kasseler Sparkasse
Market Share of Kasseler Sparkasse
Total Assets (2023)
6,901.80 mln EUR   (-5.65%)
Number of Employees (2023)
942   (-4.85%)

Kasseler Sparkasse ranks as the 120th largest bank in Germany by total assets. In 2023 its total assets were 6,901.80 mln EUR, representing a 0.08% market share. It is also the 53rd largest savings bank in Germany, commanding a 0.46% share among savings banks. As of 2023, the bank employed 942 people.

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

Kasseler 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 Accounts
all deposit accounts
Eligible Depositors
individuals
companies

Kasseler Sparkasse protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the Institutional Protection Scheme of the Savings Banks Finance Group, making regular contributions into it.

See Also

Contacts

addressWolfsschlucht 9, 34117, Kassel, Germany

Kasseler Sparkasse is located in Kassel.

Bank Identifiers

BIC (SWIFT)
HELADEF1KAS
LEI
5299006OWDQGU3FEDK86
MFI ID
DE00671
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