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.
Becoming a client of Nassauische Sparkasse can be done in a few steps:
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; proof of address. 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. Nassauische Sparkasse performs client's identity verification via branch visit.
In 2019 total assets of Nassauische Sparkasse were 12 316,90 mln EUR. Nassauische Sparkasse is the 13th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.95% amongst the banks of this category. Nassauische Sparkasse had 1 657 employees in 2019.
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 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.
Nassauische Sparkasse is located in Wiesbaden.