Nassauische Sparkasse

Nassauische Sparkasse is a member of Sparkassen Finanzgruppe and is the 10th largest savings bank in Germany out of 390.

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

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

Services

Retail Banking

Financials

Total Assets (2017)
11 509.40 mln EUR  (+2.01%)
Number of Employees (2017)
1 691  (-2.59%)

In 2017 total assets of Nassauische Sparkasse were 11 509,40 mln EUR. Nassauische Sparkasse is the 10th largest savings bank (sparkasse) in Germany (out of 390 savings banks (sparkassen)) having market share of 0.96% amongst the banks of this category. Nassauische Sparkasse had 1 691 employees in 2017.

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

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

Contacts

Rheinstraße 42 - 46, 65185, Wiesbaden, Germany
44 60

Nassauische Sparkasse is located in Wiesbaden.

Bank Identifiers

BIC (SWIFT)
NASSDE55XXX
MFI ID
DE00325

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

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

Financial Positions

Total Assets (2017)
11 509.40 mln EUR  (+2.01%)

In 2017 total assets of Nassauische Sparkasse were 11 509.40 mln EUR. Growth compared to the previous period (2016) was 2.01%. The evolution of the total assets of Nassauische Sparkasse is shown at Chart 1 below.

Total Assets of Nassauische Sparkasse.

Chart 1. Total Assets of Nassauische Sparkasse.

Recent changes in total assets of Nassauische Sparkasse and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 9 137.0 9 256.3 +1.30%
Total Assets 11 282.4 11 509.4 +2.01%
Table 1. Recent changes in total assets of Nassauische Sparkasse (mln EUR).

Recent changes in total liabilities of Nassauische Sparkasse and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 8 508.9 8 745.3 +2.78%
Total Liabilities 11 282.4 11 509.4 +2.01%
Table 2. Recent changes in total liabilities of Nassauische Sparkasse (mln EUR).

Number of Employees

Number of Employees (2017)
1 691  (-2.59%)

In 2017 there were 1 691 employees of Nassauische Sparkasse. Decline compared to the previous period (2016) was -2.59%. The evolution of the number of employees of Nassauische Sparkasse is shown at Chart 2 below.

Number of Employees of Nassauische Sparkasse.

Chart 2. Number of Employees of Nassauische Sparkasse.

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

Total Assets (2017)
10th (market share 0.96%)

In 2017 Nassauische Sparkasse was ranked the 10th largest savings bank (sparkasse) in Germany in terms of total assets, having 0.96% of the category's market share.

Market share of Nassauische Sparkasse (among Savings banks (Sparkassen) in Germany)

Chart 3. Market share of Nassauische Sparkasse (among Savings banks (Sparkassen) in Germany)

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

RankNameTotal AssetsMarket Share
9Ostsächsische Sparkasse Dresden11633.32 mln EUR0.97%
10Nassauische Sparkasse11509.40 mln EUR0.96%
11Stadtsparkasse Düsseldorf11350.10 mln EUR0.95%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
71st (market share 0.16%)

In 2016 Nassauische Sparkasse was ranked the 71st largest bank in Germany in terms of total assets, having 0.16% of the domestic market share.

Market share of Nassauische Sparkasse (among banks in Germany)

Chart 4. Market share of Nassauische Sparkasse (among banks in Germany)

Several banks having the market shares and ranks closest to Nassauische Sparkasse are shown below.

RankNameTotal AssetsMarket Share
70Sparkasse Pforzheim Calw11317.33 mln EUR0.16%
71Nassauische Sparkasse11282.39 mln EUR0.16%
72Kreissparkasse München Starnberg Ebersberg11178.47 mln EUR0.16%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Nassauische Sparkasse is rated by Fitch.

Credit ratings assigned to Nassauische Sparkasse 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 Nassauische Sparkasse 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 Nassauische Sparkasse 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 Nassauische Sparkasse is not set support rating is not assigned; support rating floor is not set.

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 Nassauische Sparkasse 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 Nassauische Sparkasse and its components are shown in the table below.

BIC  NASSDE55XXX
Bank BIC Code  NASS
Country Code  DE (Germany)
Location Code  55
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 Nassauische Sparkasse is shown in the table below.

MFI ID  DE00325

Domestic Presence

Branches (2017)
142 

In 2017 Nassauische Sparkasse had 142 branches in Germany. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Nassauische Sparkasse is shown at Chart 5 below.

Branches of Nassauische Sparkasse.

Chart 5. Branches of Nassauische Sparkasse.

Defunct Banks: 1 bank in 1 country

The following banks operating under Nassauische Sparkasse brand name has been recently closed down:

Ireland