Core business of Kreissparkasse Waiblingen 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 Waiblingen 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 Waiblingen to avoid excessive risks which is reflected in high credit ratings of Kreissparkasse Waiblingen.
Becoming a client of Kreissparkasse Waiblingen can be done in a few steps:
Due to regulatory requirements Kreissparkasse Waiblingen performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Kreissparkasse Waiblingen will ask him/her to provide the following documents: passport; proof of address. For corporate clients Kreissparkasse Waiblingen will ask to provide corporate documentation as well as information about controlling persons. Kreissparkasse Waiblingen may request additional documentation or information depending on the case. Kreissparkasse Waiblingen performs client's identity verification via branch visit.
In 2019 total assets of Kreissparkasse Waiblingen were 9 068,32 mln EUR. Kreissparkasse Waiblingen is the 25th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.70% amongst the banks of this category. Kreissparkasse Waiblingen had 1 318 employees in 2019.
Kreissparkasse Waiblingen is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Kreissparkasse Waiblingen 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 Waiblingen is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Kreissparkasse Waiblingen is located in Waiblingen, Rems.