Kreissparkasse Köln

Kreissparkasse Köln is a member of Sparkassen Finanzgruppe and is the 3rd largest savings bank in Germany out of 390.

Core business of Kreissparkasse Köln is providing high-quality retail banking products and services to local residents: private customers, enterprises and the public-sector institutions.

Tradionally for savings banks Kreissparkasse Köln 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 Köln to avoid excessive risks which is reflected in high credit ratings of Kreissparkasse Köln.

Services

Retail Banking

Financials

Total Assets (2017)
25 898.66 mln EUR  (+3.00%)
Number of Employees (2017)
4 126  (-3.17%)

In 2017 total assets of Kreissparkasse Köln were 25 898,66 mln EUR. Kreissparkasse Köln is the 3rd largest savings bank (sparkasse) in Germany (out of 390 savings banks (sparkassen)) having market share of 2.16% amongst the banks of this category. Kreissparkasse Köln had 4 126 employees in 2017.

Kreissparkasse Köln is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Kreissparkasse Köln participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Neumarkt 18/24, 50667, Köln, Germany
10 21 43

Kreissparkasse Köln is located in Köln.

Bank Identifiers

BIC (SWIFT)
COKSDE33XXX
MFI ID
DE00896

Business Summary

Services
retail banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans
Area Served
local community
Eligible Clients
natural persons, enterprises and public-sector organizations

Kreissparkasse Köln provides services in the area of retail banking. The range of products offered by Kreissparkasse Köln includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans. Kreissparkasse Köln makes its solutions available to natural persons, enterprises and public-sector organizations.

Financial Positions

Total Assets (2017)
25 898.66 mln EUR  (+3.00%)

In 2017 total assets of Kreissparkasse Köln were 25 898.66 mln EUR. Growth compared to the previous period (2016) was 3.00%. The evolution of the total assets of Kreissparkasse Köln is shown at Chart 1 below.

Total Assets of Kreissparkasse Köln.

Chart 1. Total Assets of Kreissparkasse Köln.

Recent changes in total assets of Kreissparkasse Köln and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 19 457.7 19 708.2 +1.29%
Total Assets 25 144.4 25 898.7 +3.00%
Table 1. Recent changes in total assets of Kreissparkasse Köln (mln EUR).

Recent changes in total liabilities of Kreissparkasse Köln and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 18 183.3 18 978.5 +4.37%
Total Liabilities 25 144.4 25 898.7 +3.00%
Table 2. Recent changes in total liabilities of Kreissparkasse Köln (mln EUR).

Number of Employees

Number of Employees (2017)
4 126  (-3.17%)

In 2017 there were 4 126 employees of Kreissparkasse Köln. Decline compared to the previous period (2016) was -3.17%. The evolution of the number of employees of Kreissparkasse Köln is shown at Chart 2 below.

Number of Employees of Kreissparkasse Köln.

Chart 2. Number of Employees of Kreissparkasse Köln.

Market Share and Rank (among Savings banks (Sparkassen) in Germany)

Total Assets (2017)
3rd (market share 2.16%)

In 2017 Kreissparkasse Köln was ranked the 3rd largest savings bank (sparkasse) in Germany in terms of total assets, having 2.16% of the category's market share.

Market share of Kreissparkasse Köln (among Savings banks (Sparkassen) in Germany)

Chart 3. Market share of Kreissparkasse Köln (among Savings banks (Sparkassen) in Germany)

Several savings banks (sparkassen) having the market shares and ranks closest to Kreissparkasse Köln are shown below.

RankNameTotal AssetsMarket Share
2Sparkasse KölnBonn26233.41 mln EUR2.19%
3Kreissparkasse Köln25898.66 mln EUR2.16%
4Frankfurter Sparkasse18719.36 mln EUR1.56%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
42nd (market share 0.35%)

In 2016 Kreissparkasse Köln was ranked the 42nd largest bank in Germany in terms of total assets, having 0.35% of the domestic market share.

Market share of Kreissparkasse Köln (among banks in Germany)

Chart 4. Market share of Kreissparkasse Köln (among banks in Germany)

Several banks having the market shares and ranks closest to Kreissparkasse Köln are shown below.

RankNameTotal AssetsMarket Share
41Deutsche Hypothekenbank (Actien-Gesellschaft)25202.61 mln EUR0.36%
42Kreissparkasse Köln25144.44 mln EUR0.35%
43Mercedes-Benz Bank AG23359.25 mln EUR0.33%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Kreissparkasse Köln is rated by Fitch and Moody's.

Credit ratings assigned to Kreissparkasse Köln as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Kreissparkasse Köln it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Kreissparkasse Köln is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  -
Support Rating  -
Support Rating Floor  -

Viability rating for Kreissparkasse Köln is not set support rating is not assigned; support rating floor is not set.

Moody's

Long-term rating for Kreissparkasse Köln it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Kreissparkasse Köln is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Kreissparkasse Köln failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Kreissparkasse Köln and its components are shown in the table below.

BIC  COKSDE33XXX
Bank BIC Code  COKS
Country Code  DE (Germany)
Location Code  33
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Kreissparkasse Köln is shown in the table below.

MFI ID  DE00896

Domestic Presence

Branches (2017)
178  (+2.30%)

In 2017 Kreissparkasse Köln had 178 branches in Germany. Growth compared to the previous period (2016) was 2.30%. The evolution of the number of branches of Kreissparkasse Köln is shown at Chart 5 below.

Branches of Kreissparkasse Köln.

Chart 5. Branches of Kreissparkasse Köln.