Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis -

Business Focus
retail banking

Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - is a member of Sparkassen Finanzgruppe and is the 193rd largest savings bank in Germany out of 379.

Core business of Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - 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 Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - 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 Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - to avoid excessive risks which is reflected in high credit ratings of Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis -.

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Due to regulatory requirements Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - may request additional documentation or information depending on the case. Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - performs client's identity verification via branch visit.

Ways to Bank

Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis -
Market Share of Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis -
Total Assets (2019)
2,182.77 mln EUR  (+6.20%)
Number of Employees (2019)
358  (-2.98%)

In 2019 total assets of Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - were 2 182,77 mln EUR. Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - is the 193rd largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.17% amongst the banks of this category. Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - had 358 employees in 2019.

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 Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Institutional Protection Scheme of the Savings Banks Finance Group
Covered Depositors
individuals
companies
Covered Accounts
all deposit accounts

Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - 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 Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

Contacts

Sauerfelder Straße 7 - 11, 58511, Lüdenscheid, Germany
2560

Sparkasse Lüdenscheid - Zweckverbandssparkasse im Märkischen Kreis - is located in Lüdenscheid.

Bank Identifiers

BIC (SWIFT)
WELADED1LSD
LEI
529900POD3DPQIGIWN45
MFI ID
DE00862