Sparda-Bank West eG

Sparda-Bank West eG is a cooperative bank owned by its members via shares. Sparda-Bank West 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

Products

Financials

Total Assets (2017)
9 340.48 mln EUR  (+3.86%)

In 2017 total assets of Sparda-Bank West eG were 9 340,48 mln EUR. Sparda-Bank West eG is the 7th largest cooperative bank in Germany (out of 913 cooperative banks) having market share of 1.06% amongst the banks of this category.

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

Sparda-Bank West eG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Ludwig-Erhard-Allee 15, 40227, Düsseldorf, Germany
10 10 55

Sparda-Bank West eG is located in Düsseldorf.

Bank Identifiers

BIC (SWIFT)
SPBKDEDDXXX
MFI ID
DE01772

Business Summary

Services
retail banking
Products
mortgage loans (1.03 - 1.84 %)

Sparda-Bank West eG provides services in the area of retail banking. The range of products offered by Sparda-Bank West eG includes mortgage loans (1.03 - 1.84 %).

Products

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by Sparda-Bank West eG are shown in the table below.

Updated on 15 December 2018

Baufinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.03 %
Lending Amount (%)
60 %
Loan Term (years)
5 years
Baufinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.23 %
Lending Amount (%)
80 %
Loan Term (years)
5 years
Baufinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.33 %
Lending Amount (%)
60 %
Loan Term (years)
10 years
Baufinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.53 %
Lending Amount (%)
80 %
Loan Term (years)
10 years
Baufinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.64 %
Lending Amount (%)
60 %
Loan Term (years)
15 years
Baufinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.84 %
Lending Amount (%)
80 %
Loan Term (years)
15 years

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
9 340.48 mln EUR  (+3.86%)

In 2017 total assets of Sparda-Bank West eG were 9 340.48 mln EUR. Growth compared to the previous period (2016) was 3.86%. The evolution of the total assets of Sparda-Bank West eG is shown at Chart 1 below.

Total Assets of Sparda-Bank West eG.

Chart 1. Total Assets of Sparda-Bank West eG.

Recent changes in total assets of Sparda-Bank West eG and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 4 643.8 4 597.3 -1.00%
Total Assets 8 993.4 9 340.5 +3.86%
Table 1. Recent changes in total assets of Sparda-Bank West eG (mln EUR).

Recent changes in total liabilities of Sparda-Bank West eG and its main components are shown in Table 2.

2016 2017 % change
Deposits 7 991.0 8 347.1 +4.46%
Total Liabilities 8 993.4 9 340.5 +3.86%
Table 2. Recent changes in total liabilities of Sparda-Bank West eG (mln EUR).

Market Share and Rank (among Cooperative banks in Germany)

Total Assets (2017)
7th (market share 1.06%)

In 2017 Sparda-Bank West eG was ranked the 7th largest cooperative bank in Germany in terms of total assets, having 1.06% of the category's market share.

Market share of Sparda-Bank West eG (among Cooperative Banks in Germany)

Chart 2. Market share of Sparda-Bank West eG (among Cooperative Banks in Germany)

Several cooperative banks having the market shares and ranks closest to Sparda-Bank West eG are shown below.

RankNameTotal AssetsMarket Share
6FRANKFURTER VOLKSBANK EG9486.36 mln EUR1.08%
7Sparda-Bank West eG9340.48 mln EUR1.06%
8Bank für Sozialwirtschaft AG8663.47 mln EUR0.98%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
84th (market share 0.13%)

In 2016 Sparda-Bank West eG was ranked the 84th largest bank in Germany in terms of total assets, having 0.13% of the domestic market share.

Market share of Sparda-Bank West eG (among banks in Germany)

Chart 3. Market share of Sparda-Bank West eG (among banks in Germany)

Several banks having the market shares and ranks closest to Sparda-Bank West eG are shown below.

RankNameTotal AssetsMarket Share
83Sparkasse Münsterland Ost9132.79 mln EUR0.13%
84Sparda-Bank West eG8993.37 mln EUR0.13%
85TeamBank AG Nürnberg8980.70 mln EUR0.13%
 

Credit Ratings (as of May 2018)

Fitch Moody's
AA- (very high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Sparda-Bank West eG is rated by Fitch.

Credit ratings assigned to Sparda-Bank West eG as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Sparda-Bank West eG it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Sparda-Bank West eG is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  -
Support Rating  -
Support Rating Floor  -

Viability rating for Sparda-Bank West eG is not set support rating is not assigned; support rating floor is not set.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Sparda-Bank West eG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Sparda-Bank West eG and its components are shown in the table below.

BIC  SPBKDEDDXXX
Bank BIC Code  SPBK
Country Code  DE (Germany)
Location Code  DD
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Sparda-Bank West eG is shown in the table below.

MFI ID  DE01772