Core business of OstseeSparkasse Rostock 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 OstseeSparkasse Rostock 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 OstseeSparkasse Rostock to avoid excessive risks which is reflected in high credit ratings of OstseeSparkasse Rostock.
Becoming a client of OstseeSparkasse Rostock can be done in a few steps:
Due to regulatory requirements OstseeSparkasse Rostock performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual OstseeSparkasse Rostock will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients OstseeSparkasse Rostock will ask to provide corporate documentation as well as information about controlling persons. OstseeSparkasse Rostock may request additional documentation or information depending on the case. OstseeSparkasse Rostock performs client's identity verification via branch visit.
In 2019 total assets of OstseeSparkasse Rostock were 4 507,95 mln EUR. OstseeSparkasse Rostock is the 82nd largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.35% amongst the banks of this category. OstseeSparkasse Rostock had 647 employees in 2019.
OstseeSparkasse Rostock is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
OstseeSparkasse Rostock 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. OstseeSparkasse Rostock is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
OstseeSparkasse Rostock is located in Rostock.