Core business of Kreissparkasse Böblingen 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 Kreissparkasse Böblingen 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 Kreissparkasse Böblingen to avoid excessive risks which is reflected in high credit ratings of Kreissparkasse Böblingen.
Becoming a client of Kreissparkasse Böblingen can be done in a few steps:
Due to regulatory requirements Kreissparkasse Böblingen performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Kreissparkasse Böblingen will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Kreissparkasse Böblingen will ask to provide corporate documentation as well as information about controlling persons. Kreissparkasse Böblingen may request additional documentation or information depending on the case. Kreissparkasse Böblingen performs client's identity verification via branch visit.
In 2019 total assets of Kreissparkasse Böblingen were 8 990,00 mln EUR. Kreissparkasse Böblingen is the 27th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.69% amongst the banks of this category. Kreissparkasse Böblingen had 1 135 employees in 2019.
Kreissparkasse Böblingen is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Kreissparkasse Böblingen 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. Kreissparkasse Böblingen is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Kreissparkasse Böblingen is located in Böblingen.