Sparkasse Dortmund

Sparkasse Dortmund is a member of Sparkassen Finanzgruppe and is the 18th largest savings bank in Germany out of 390.

Core business of Sparkasse Dortmund is providing high-quality retail banking products and services to local residents: private customers, enterprises and the public-sector institutions.

Tradionally for savings banks Sparkasse Dortmund 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 Sparkasse Dortmund to avoid excessive risks which is reflected in high credit ratings of Sparkasse Dortmund.

Services

Retail Banking

Financials

Total Assets (2017)
9 357.39 mln EUR  (+2.43%)
Number of Employees (2017)
1 611  (-4.28%)

In 2017 total assets of Sparkasse Dortmund were 9 357,39 mln EUR. Sparkasse Dortmund is the 18th largest savings bank (sparkasse) in Germany (out of 390 savings banks (sparkassen)) having market share of 0.78% amongst the banks of this category. Sparkasse Dortmund had 1 611 employees in 2017.

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

Sparkasse Dortmund participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Freistuhl 2, 44137, Dortmund, Germany
105054

Sparkasse Dortmund is located in Dortmund.

Bank Identifiers

BIC (SWIFT)
DORTDE33PML
MFI ID
DE00821

Business Summary

Services
retail banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans
Area Served
local community
Eligible Clients
natural persons, enterprises and public-sector organizations

Sparkasse Dortmund provides services in the area of retail banking. The range of products offered by Sparkasse Dortmund includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans. Sparkasse Dortmund makes its solutions available to natural persons, enterprises and public-sector organizations.

Financial Positions

Total Assets (2017)
9 357.39 mln EUR  (+2.43%)

In 2017 total assets of Sparkasse Dortmund were 9 357.39 mln EUR. Growth compared to the previous period (2016) was 2.43%. The evolution of the total assets of Sparkasse Dortmund is shown at Chart 1 below.

Total Assets of Sparkasse Dortmund.

Chart 1. Total Assets of Sparkasse Dortmund.

Recent changes in total assets of Sparkasse Dortmund and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 5 865.1 6 085.8 +3.76%
Total Assets 9 135.0 9 357.4 +2.43%
Table 1. Recent changes in total assets of Sparkasse Dortmund (mln EUR).

Recent changes in total liabilities of Sparkasse Dortmund and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 6 592.7 6 792.1 +3.02%
Total Liabilities 9 135.0 9 357.4 +2.43%
Table 2. Recent changes in total liabilities of Sparkasse Dortmund (mln EUR).

Number of Employees

Number of Employees (2017)
1 611  (-4.28%)

In 2017 there were 1 611 employees of Sparkasse Dortmund. Decline compared to the previous period (2016) was -4.28%. The evolution of the number of employees of Sparkasse Dortmund is shown at Chart 2 below.

Number of Employees of Sparkasse Dortmund.

Chart 2. Number of Employees of Sparkasse Dortmund.

Market Share and Rank (among Savings banks (Sparkassen) in Germany)

Total Assets (2017)
18th (market share 0.78%)

In 2017 Sparkasse Dortmund was ranked the 18th largest savings bank (sparkasse) in Germany in terms of total assets, having 0.78% of the category's market share.

Market share of Sparkasse Dortmund (among Savings banks (Sparkassen) in Germany)

Chart 3. Market share of Sparkasse Dortmund (among Savings banks (Sparkassen) in Germany)

Several savings banks (sparkassen) having the market shares and ranks closest to Sparkasse Dortmund are shown below.

RankNameTotal AssetsMarket Share
17Landessparkasse zu Oldenburg9417.54 mln EUR0.78%
18Sparkasse Dortmund9357.39 mln EUR0.78%
19Sparkasse Münsterland Ost9264.57 mln EUR0.77%
 

Market Share and Rank (among banks in Germany)

Total Assets (2016)
82nd (market share 0.13%)

In 2016 Sparkasse Dortmund was ranked the 82nd largest bank in Germany in terms of total assets, having 0.13% of the domestic market share.

Market share of Sparkasse Dortmund (among banks in Germany)

Chart 4. Market share of Sparkasse Dortmund (among banks in Germany)

Several banks having the market shares and ranks closest to Sparkasse Dortmund are shown below.

RankNameTotal AssetsMarket Share
81FRANKFURTER VOLKSBANK EG9343.46 mln EUR0.13%
82Sparkasse Dortmund9135.00 mln EUR0.13%
83Sparkasse Münsterland Ost9132.79 mln EUR0.13%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Sparkasse Dortmund is rated by Fitch.

Credit ratings assigned to Sparkasse Dortmund 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 Sparkasse Dortmund it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Sparkasse Dortmund is set to F1+ (highest short-term credit quality).

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

Viability rating for Sparkasse Dortmund 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 Sparkasse Dortmund 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 Sparkasse Dortmund and its components are shown in the table below.

BIC  DORTDE33PML
Bank BIC Code  DORT
Country Code  DE (Germany)
Location Code  33
Branch Code  PML

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 Sparkasse Dortmund is shown in the table below.

MFI ID  DE00821

Domestic Presence

Branches (2017)
60 

In 2017 Sparkasse Dortmund had 60 branches in Germany. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Sparkasse Dortmund is shown at Chart 5 below.

Branches of Sparkasse Dortmund.

Chart 5. Branches of Sparkasse Dortmund.