Kreissparkasse Ludwigsburg

Business Focus

retail banking

Kreissparkasse Ludwigsburg is a member of Sparkassen Finanzgruppe and is the 16th largest savings bank in Germany out of 379.

Core business of Kreissparkasse Ludwigsburg 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 Ludwigsburg 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 Ludwigsburg to avoid excessive risks which is reflected in high credit ratings of Kreissparkasse Ludwigsburg.

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Kreissparkasse Ludwigsburg can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Due to regulatory requirements Kreissparkasse Ludwigsburg performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Kreissparkasse Ludwigsburg will ask him/her to provide the following documents: passport; proof of address. For corporate clients Kreissparkasse Ludwigsburg will ask to provide corporate documentation as well as information about controlling persons. Kreissparkasse Ludwigsburg may request additional documentation or information depending on the case. Kreissparkasse Ludwigsburg performs client's identity verification via branch visit.

Ways to Bank

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

Financials

Total Assets of Kreissparkasse Ludwigsburg
Market Share of Kreissparkasse Ludwigsburg
Total Assets (2019)
11,171.19 mln EUR  (+3.02%)
Number of Employees (2019)
1,473  (-2.32%)

In 2019 total assets of Kreissparkasse Ludwigsburg were 11 171,19 mln EUR. Kreissparkasse Ludwigsburg is the 16th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.86% amongst the banks of this category. Kreissparkasse Ludwigsburg had 1 473 employees in 2019.

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

Kreissparkasse Ludwigsburg is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).

Deposit Guarantee

Guarantee Fund
Institutional Protection Scheme of the Savings Banks Finance Group
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

Kreissparkasse Ludwigsburg 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 Ludwigsburg is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

Contacts

Schillerplatz 6, 71638, Ludwigsburg, Württ., Germany
620

Kreissparkasse Ludwigsburg is located in Ludwigsburg, Württ..

Bank Identifiers

BIC (SWIFT)
SOLADES1LBG
LEI
529900L26863H1FN4S52
MFI ID
DE03950