Sparkasse Germersheim-Kandel

Anna MileikoCreated by Anna Mileiko

Sparkasse Germersheim-Kandel Logo

Address

Gartenstraße 3, 76870, Kandel, Pfalz, Germany

BIC

MALADE51KAD

Overview

Business Focus

retail banking

Sparkasse Germersheim-Kandel is a member of Sparkassen Finanzgruppe and is the 219th largest savings bank in Germany out of 376.

Core business of Sparkasse Germersheim-Kandel 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 Germersheim-Kandel is essentially focusedon broad participation in developing citizens' prosperity and on increasing local economic strength rather than on maximising profits. This business focus help Sparkasse Germersheim-Kandel to avoid excessive risks which is reflected in high credit ratings of Sparkasse Germersheim-Kandel.

Performance

In 2020, Sparkasse Germersheim-Kandel achieved the position of 449th largest bank in Germany with a market share of 0.03%; its total assets grew by 6.14%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Sparkasse Germersheim-Kandel.

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

Card Providers

VisaMasterCard

Ways to Bank

Sparkasse Germersheim-Kandel delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Sparkasse Germersheim-Kandel
Market Share of Sparkasse Germersheim-Kandel
Total Assets (2020)
2,121.55 mln EUR   (+6.14%)
Number of Employees (2020)
362   (-4.23%)

Sparkasse Germersheim-Kandel was the 449th largest bank in Germany in terms of total assets. In 2020 its total assets were 2 121,55 mln EUR, providing the bank with the market share of 0.03%. Sparkasse Germersheim-Kandel was the 219th largest savings bank (sparkasse) in Germany (out of 376 savings banks (sparkassen)) having market share of 0.15% amongst the banks of this category. Sparkasse Germersheim-Kandel had 362 employees in 2020.

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

Sparkasse Germersheim-Kandel 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

Sparkasse Germersheim-Kandel participates in the deposit guarantee scheme of Germany which applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Sparkasse Germersheim-Kandel is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

See Also

Contacts

addressGartenstraße 3, 76870, Kandel, Pfalz, Germany
po box11 80

Sparkasse Germersheim-Kandel was located in Kandel, Pfalz.

Bank Identifiers

BIC (SWIFT)
MALADE51KAD
LEI
529900K8LLSGO8DBF643
MFI ID
DE01026

Bank History

Close Date
January 2021
Flag of Germany

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