Sparda-Bank München eG

 (3.1; 7 ratings)
3.1 7

Business Focus

cooperative retail banking

Sparda-Bank München eG is a cooperative bank owned by its members via shares. Sparda-Bank München eG provides retail banking products and services to its customers focusing on customer requirements and development of local economy, paying special attention to small and medium-sized enterprises (SMEs).

Bank Category

Cooperative banks

Services

retail banking

Clients

natural persons
small- and medium-sized enterprises
companies

Area Served

DEGermany

Products

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Sparda-Bank München eG can be done in a few steps:

1.
Submit online application


Due to regulatory requirements Sparda-Bank München eG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparda-Bank München eG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Sparda-Bank München eG will ask to provide corporate documentation as well as information about controlling persons. Sparda-Bank München eG may request additional documentation or information depending on the case.

Ways to Bank

Sparda-Bank München eG delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app
phone

Financials

Total Assets of Sparda-Bank München eG
Market Share of Sparda-Bank München eG
Total Assets (2019)
8,941.88 mln EUR  (+8.15%)

In 2019 total assets of Sparda-Bank München eG were 8 941,88 mln EUR. Sparda-Bank München eG is the 8th largest cooperative bank in Germany (out of 839 cooperative banks) having market share of 0.92% amongst the banks of this category.

Credit Ratings

Fitch: AA-
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

Sparda-Bank München eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

Deposit Guarantee

Guarantee Fund
BVR Institutssicherung GmbH
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

Sparda-Bank München eG 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. Sparda-Bank München eG is a member of BVR Institutssicherung GmbH and makes its contributions into it.

Contacts

Arnulfstraße 15, 80335, München, Germany
20 18 51

Sparda-Bank München eG is located in München.

Social Networks

Sparda-Bank München eG has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
SPBKDEMMXXX
LEI
529900HB5JPSXLWJO138
MFI ID
DE01765

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See Also

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