Nassauische Sparkasse

Business Focus
retail banking

Nassauische Sparkasse is a member of Sparkassen Finanzgruppe and is the 10th largest savings bank in Germany out of 385.

Core business of Nassauische Sparkasse 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 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

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 Nassauische Sparkasse can be done in a few steps:
1.
Book an appointment
2.
Visit bank branch

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

Ways to Bank

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

Financials

Total Assets of Nassauische Sparkasse
Market Share of Nassauische Sparkasse
Total Assets (2018)
11,853.08 mln EUR  (+2.99%)
Number of Employees (2018)
1,652  (-2.31%)

Nassauische Sparkasse is the 67th largest bank in Germany in terms of total assets. In 2018 its total assets were 11 853,08 mln EUR, providing the bank with the market share of 0.17%. Nassauische Sparkasse is the 10th largest savings bank (sparkasse) in Germany (out of 385 savings banks (sparkassen)) having market share of 0.97% amongst the banks of this category. Nassauische Sparkasse had 1 652 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

Nassauische Sparkasse 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

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

Contacts

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

Nassauische Sparkasse is located in Wiesbaden.

Bank Identifiers

BIC (SWIFT)
NASSDE55XXX
LEI
529900CJAJ0HDPPKUI53
MFI ID
DE00325