Core business of Sparkasse Fulda 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 Sparkasse Fulda 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 Fulda to avoid excessive risks which is reflected in high credit ratings of Sparkasse Fulda.
Due to regulatory requirements Sparkasse Fulda performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Fulda will ask him/her to provide the following documents: passport, ID card, utility bill. For corporate clients Sparkasse Fulda will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Fulda may request additional documentation or information depending on the case.
In 2018 total assets of Sparkasse Fulda were 3 731,97 mln EUR. Sparkasse Fulda is the 101st largest savings bank (sparkasse) in Germany (out of 385 savings banks (sparkassen)) having market share of 0.30% amongst the banks of this category. Sparkasse Fulda had 727 employees in 2018.
Sparkasse Fulda is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Fulda 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. Sparkasse Fulda is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Sparkasse Fulda is located in Fulda.