Core business of Kreissparkasse Köln 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 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.
Becoming a client of Kreissparkasse Köln can be done in a few steps:
Due to regulatory requirements Kreissparkasse Köln performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Kreissparkasse Köln will ask him/her to provide the following documents: passport; proof of address. For corporate clients Kreissparkasse Köln will ask to provide corporate documentation as well as information about controlling persons. Kreissparkasse Köln may request additional documentation or information depending on the case. Kreissparkasse Köln performs client's identity verification via branch visit.
In 2019 total assets of Kreissparkasse Köln were 27 071,74 mln EUR. Kreissparkasse Köln is the 3rd largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 2.08% amongst the banks of this category. Kreissparkasse Köln had 4 010 employees in 2019.
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 Aa2 (high grade).
Kreissparkasse Köln 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 Köln is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Kreissparkasse Köln is located in Köln.