Sparkasse Hennstedt-Wesselburen

Anna MileikoCreated by Anna Mileiko

Sparkasse Hennstedt-Wesselburen Logo

Address

Am Markt 14, 25764, Wesselburen, Germany

BIC

NOLADE21WEB

Overview

Business Focus

retail banking

Sparkasse Hennstedt-Wesselburen is a member of Sparkassen Finanzgruppe and is the 350th largest savings bank in Germany out of 403.

Core business of Sparkasse Hennstedt-Wesselburen 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 Hennstedt-Wesselburen 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 Hennstedt-Wesselburen to avoid excessive risks which is reflected in high credit ratings of Sparkasse Hennstedt-Wesselburen.

Sparkasse Hennstedt-Wesselburen was merged into Sparkasse Mittelholstein AG.

Performance

In 2016, Sparkasse Hennstedt-Wesselburen achieved the position of 826th largest bank in Germany with a market share of 0.01%; its total assets dropped by 0.20%.

Deposit Protection

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

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 Hennstedt-Wesselburen delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Sparkasse Hennstedt-Wesselburen
Market Share of Sparkasse Hennstedt-Wesselburen
Total Assets (2016)
674.93 mln EUR   (-0.20%)
Number of Employees (2016)
180 

Sparkasse Hennstedt-Wesselburen was the 826th largest bank in Germany in terms of total assets. In 2016 its total assets were 674,93 mln EUR, providing the bank with the market share of 0.01%. Sparkasse Hennstedt-Wesselburen was the 350th largest savings bank (sparkasse) in Germany (out of 403 savings banks (sparkassen)) having market share of 0.06% amongst the banks of this category. Sparkasse Hennstedt-Wesselburen had 180 employees in 2016.

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 Hennstedt-Wesselburen 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 Hennstedt-Wesselburen 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 Hennstedt-Wesselburen is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

See Also

Contacts

addressAm Markt 14, 25764, Wesselburen, Germany

Sparkasse Hennstedt-Wesselburen was located in Wesselburen.

Bank Identifiers

BIC (SWIFT)
NOLADE21WEB
MFI ID
DE01103

Bank History

Close Date
July 2017
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