Kreissparkasse München Starnberg Ebersberg (Germany)

Kreissparkasse München Starnberg Ebersberg

Business Focus

retail banking

Kreissparkasse München Starnberg Ebersberg is a member of Sparkassen Finanzgruppe and is the 11th largest savings bank in Germany out of 385.

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

Bank Category

Savings banks (Sparkassen)

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

Account Opening

Becoming a client of Kreissparkasse München Starnberg Ebersberg can be done in a few steps:

Book an appointment

Visit bank branch

Due to regulatory requirements Kreissparkasse München Starnberg Ebersberg performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Kreissparkasse München Starnberg Ebersberg will ask him/her to provide the following documents: passport, ID card, utility bill. For corporate clients Kreissparkasse München Starnberg Ebersberg will ask to provide corporate documentation as well as information about controlling persons. Kreissparkasse München Starnberg Ebersberg may request additional documentation or information depending on the case.

Ways to Bank

Kreissparkasse München Starnberg Ebersberg delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets (2018)

11,755.11 mln EUR (+5.39%)

Number of Employees (2018)

1,426 (-3.45%)

Kreissparkasse München Starnberg Ebersberg is the 68th largest bank in Germany in terms of total assets. In 2018 its total assets were 11 755,11 mln EUR, providing the bank with the market share of 0.17%. Kreissparkasse München Starnberg Ebersberg is the 11th largest savings bank (sparkasse) in Germany (out of 385 savings banks (sparkassen)) having market share of 0.96% amongst the banks of this category. Kreissparkasse München Starnberg Ebersberg had 1 426 employees in 2018.

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

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Institutional Protection Scheme of the Savings Banks Finance Group

Covered Depositors

•individuals
•companies

Covered Accounts

•all deposit accounts

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