Sparkasse Mecklenburg-Schwerin

Anna MileikoCreated by Anna Mileiko

Sparkasse Mecklenburg-Schwerin Logo

Address

Marienplatz 9, 19053, Schwerin, Meckl, Germany

BIC

NOLADE21LWL

Overview

Business Focus

retail banking

Sparkasse Mecklenburg-Schwerin is a member of Sparkassen Finanzgruppe and is the 132nd largest savings bank in Germany out of 353.

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

Performance

In 2023, Sparkasse Mecklenburg-Schwerin achieved the position of 248th largest bank in Germany with a market share of 0.04%; its total assets dropped by 1.31%.

Deposit Protection

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

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Account Opening

Becoming a client of Sparkasse Mecklenburg-Schwerin can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Sparkasse Mecklenburg-Schwerin performs client's identity verification via branch visit.

See Also

Ways to Bank

Sparkasse Mecklenburg-Schwerin delivers its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Sparkasse Mecklenburg-Schwerin
Market Share of Sparkasse Mecklenburg-Schwerin
Total Assets (2023)
3,803.13 mln EUR   (-1.31%)
Number of Employees (2023)
432   (-2.48%)

Sparkasse Mecklenburg-Schwerin is the 248th largest bank in Germany in terms of total assets. In 2023 its total assets were 3 803,13 mln EUR, providing the bank with the market share of 0.04%. Sparkasse Mecklenburg-Schwerin is the 132nd largest savings bank (sparkasse) in Germany (out of 353 savings banks (sparkassen)) having market share of 0.25% amongst the banks of this category. Sparkasse Mecklenburg-Schwerin had 432 employees in 2023.

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

See Also

Contacts

addressMarienplatz 9, 19053, Schwerin, Meckl, Germany
po box11 01 52

Sparkasse Mecklenburg-Schwerin is located in Schwerin, Meckl.

Bank Identifiers

BIC (SWIFT)
NOLADE21LWL
LEI
529900098AT70L34V240
MFI ID
DE06117
Flag of Germany

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