Sparkasse Hohenwestedt

Anna MileikoCreated by Anna Mileiko

Sparkasse Hohenwestedt Logo

Address

Lindenstraße 32, 24594, Hohenwestedt, Germany

BIC

NOLADE21HWS

Overview

Business Focus

retail banking

Sparkasse Hohenwestedt is a member of Sparkassen Finanzgruppe and is the 407th largest savings bank in Germany out of 413.

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

Performance

In 2015, Sparkasse Hohenwestedt achieved the position of 1235th largest bank in Germany with a market share of 0.00%; its total assets dropped by 1.29%.

Deposit Protection

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

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

Financials

Total Assets of Sparkasse Hohenwestedt
Market Share of Sparkasse Hohenwestedt
Total Assets (2015)
238.92 mln EUR   (-1.29%)
Number of Employees (2015)
45   (-4.26%)

Sparkasse Hohenwestedt was the 1235th largest bank in Germany in terms of total assets. In 2015 its total assets were 238,92 mln EUR, providing the bank with the market share of 0.00%. Sparkasse Hohenwestedt was the 407th largest savings bank (sparkasse) in Germany (out of 413 savings banks (sparkassen)) having market share of 0.02% amongst the banks of this category. Sparkasse Hohenwestedt had 45 employees in 2015.

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

See Also

Contacts

addressLindenstraße 32, 24594, Hohenwestedt, Germany

Sparkasse Hohenwestedt was located in Hohenwestedt.

Bank Identifiers

BIC (SWIFT)
NOLADE21HWS
MFI ID
DE04000

Bank History

Close Date
July 2016
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