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.
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%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Kasseler Sparkasse.
Becoming a client of Kasseler Sparkasse can be done in a few steps:
Kasseler Sparkasse performs client's identity verification via branch visit.
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.
Kasseler Sparkasse is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
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.
Kasseler Sparkasse is located in Kassel.