Ostsächsische Sparkasse Dresden

Business Focus

retail banking

Ostsächsische Sparkasse Dresden is a member of Sparkassen Finanzgruppe and is the 9th largest savings bank in Germany out of 379.

Core business of Ostsächsische Sparkasse Dresden 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 Ostsächsische Sparkasse Dresden 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 Ostsächsische Sparkasse Dresden to avoid excessive risks which is reflected in high credit ratings of Ostsächsische Sparkasse Dresden.

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Ostsächsische Sparkasse Dresden can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Due to regulatory requirements Ostsächsische Sparkasse Dresden performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Ostsächsische Sparkasse Dresden will ask him/her to provide the following documents: passport; proof of address. For corporate clients Ostsächsische Sparkasse Dresden will ask to provide corporate documentation as well as information about controlling persons. Ostsächsische Sparkasse Dresden may request additional documentation or information depending on the case. Ostsächsische Sparkasse Dresden performs client's identity verification via branch visit.

Ways to Bank

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

Financials

Total Assets of Ostsächsische Sparkasse Dresden
Market Share of Ostsächsische Sparkasse Dresden
Total Assets (2019)
12,920.84 mln EUR  (+5.73%)
Number of Employees (2019)
1,589  (+0.06%)

In 2019 total assets of Ostsächsische Sparkasse Dresden were 12 920,84 mln EUR. Ostsächsische Sparkasse Dresden is the 9th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.99% amongst the banks of this category. Ostsächsische Sparkasse Dresden had 1 589 employees in 2019.

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

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

Deposit Guarantee

Guarantee Fund
Institutional Protection Scheme of the Savings Banks Finance Group
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

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

Contacts

Güntzplatz 5 (Sparkassenhaus), 01307, Dresden, Germany

Ostsächsische Sparkasse Dresden is located in Dresden.

Bank Identifiers

BIC (SWIFT)
OSDDDE81XXX
LEI
529900GB9HQMO9Y9B097
MFI ID
DE06261