Created by Anna Mileiko 
Sparkasse Geseke, part of the Sparkassen Finanzgruppe, is the 350th largest savings bank in Germany.
The bank specializes in retail banking services for individuals, small and medium-sized enterprises, and public institutions. By prioritizing local economic development and community prosperity over profit maximization, it maintains a conservative risk approach, reflected in its strong credit ratings.
In 2023, Sparkasse Geseke achieved the position of 961st largest bank in Germany with a market share of 0.00%; its total assets dropped by 2.43%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Sparkasse Geseke.
Becoming a client of Sparkasse Geseke can be done in a few steps:
Sparkasse Geseke performs client's identity verification via branch visit.
branch
online banking
Sparkasse Geseke ranks as the 961st largest bank in Germany by total assets. In 2023 its total assets were 338.31 mln EUR, representing a 0.00% market share. It is also the 350th largest savings bank in Germany, commanding a 0.02% share among savings banks. As of 2023, the bank employed 60 people.
Sparkasse Geseke is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Geseke protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the Institutional Protection Scheme of the Savings Banks Finance Group, making regular contributions into it.
Bachstraße 35, 59590, Geseke, Germany
14 43Sparkasse Geseke is located in Geseke.
VisaMasterCardSparkasse Geseke provides services in the area of retail banking. Sparkasse Geseke offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans. Sparkasse Geseke makes its solutions available to natural persons, small- and medium-sized enterprises, public-sector organizations.
Opening an account with Sparkasse Geseke can be done by performing the following steps: book an appointment, visit bank branch.
Sparkasse Geseke requires the following documents to open a personal bank account: passport or ID card; utility bill; application form.
While opening a bank account Sparkasse Geseke has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Sparkasse Geseke and the documents used are outlined below.
Sparkasse Geseke may require additional documentation or information depending on the case.
Sparkasse Geseke performs identity verification using branch visit.
branch online bankingProducts and services offered by Sparkasse Geseke are available at its branches and via its online banking system.
In 2023 total assets of Sparkasse Geseke were 338.31 mln EUR. Decline compared to the previous period (2022) was -2.43%. The evolution of the total assets of Sparkasse Geseke is shown at Chart 1 below.
Chart 1. Total Assets of Sparkasse Geseke.
Recent changes in total assets of Sparkasse Geseke and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans to customers | 235.2 | 245.2 | +4.24% |
| Total Assets | 346.8 | 338.3 | -2.43% |
Table 1. Recent changes in total assets of Sparkasse Geseke (mln EUR).
Recent changes in total liabilities of Sparkasse Geseke and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Customer deposits | 262.3 | 257.9 | -1.67% |
| Total Liabilities | 346.8 | 338.3 | -2.43% |
Table 2. Recent changes in total liabilities of Sparkasse Geseke (mln EUR).
In 2023 there were 60 employees of Sparkasse Geseke. Decline compared to the previous period (2022) was -4.76%. The evolution of the number of employees of Sparkasse Geseke is shown at Chart 2 below.
Chart 2. Number of Employees of Sparkasse Geseke.
In 2023 Sparkasse Geseke had 3 branches in Germany. Decline compared to the previous period (2022) was -25.00%. The evolution of the number of branches of Sparkasse Geseke is shown at Chart 3 below.
Chart 3. Branches of Sparkasse Geseke.
In 2023 Sparkasse Geseke was ranked the 350th largest savings bank (sparkasse) in Germanyin terms of total assets, having 0.02% of the category's market share.
Chart 4. Market share of Sparkasse Geseke (among Savings banks (Sparkassen) in Germany)
TheBanks.eu identified several banks savings banks (sparkassen) having the market shares and ranks closest to Sparkasse Geseke listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 349 | | 0.03% | 392.42 mln EUR (-3.14%) |
| 350 | | 0.02% | 338.31 mln EUR (-2.43%) |
| 351 | | 0.02% | 291.40 mln EUR (-1.36%) |
In 2023 Sparkasse Geseke was ranked the 961st largest bank in Germanyin terms of total assets, having 0.00% of the domestic market share.
Chart 5. Market share of Sparkasse Geseke (among banks in Germany)
Historical changes in Sparkasse Geseke's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 961 | 0.00 % |
| 2022 | 990 | 0.00 % |
| 2021 | 1036 | 0.00 % |
| 2020 | 1069 | 0.00 % |
| 2019 | 1067 | 0.00 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Sparkasse Geseke listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 960 |  | 0.00% | 360.35 mln EUR (+6.50%) |
| 961 | | 0.00% | 338.31 mln EUR (-2.43%) |
| 962 |  | 0.00% | 355.77 mln EUR (+5.35%) |
Sparkasse Geseke has received a rating from Fitch, a major credit rating agency. This rating assesses the institution's financial stability and creditworthiness.
| Rating Category / Outlook | Value |
|---|---|
| Long-Term Issuer Default Rating | A+ (high credit quality) |
| Outlook | stable |
| On Watch | No |
| Short-Term Issuer Default Rating | F1+ (highest short-term credit quality) |
| Viability Rating | - |
| Support Rating | - |
| Support Rating Floor | - |
The long-term issuer rating measures the bank’s ability tomeet its financial obligations, while the short-term rating reflects itsshort-term creditworthiness. The stable outlook means Fitch does not expect this rating to change in the near future.
Discover key identifiers of Sparkasse Geseke including its BIC, LEI, MFI ID.
BIC: WELADED1GES
The BIC (also known as SWIFT code) for Sparkasse Geseke is WELADED1GES. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | WELADED1GES |
| Bank BIC Code | WELA |
| Country Code | DE (Germany) |
| Location Code | D1 |
| Branch Code | GES |
LEI: 529900RC295I59OKXS54
Sparkasse Geseke’s LEI is 529900RC295I59OKXS54. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900RC295I59OKXS54 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | RC295I59OKXS |
| Verification ID | 54 |
MFI ID: DE00847
Sparkasse Geseke’s MFI ID, DE00847, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Germany (DE), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | DE00847 |
| Country Code | DE |
| MFI Code | 00847 |
TheBanks.eu identified several banks similar to Sparkasse Geseke based on various criteria, including:
