Core business of Sparkasse Münsterland Ost 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 Münsterland Ost 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 Münsterland Ost to avoid excessive risks which is reflected in high credit ratings of Sparkasse Münsterland Ost.
Due to regulatory requirements Sparkasse Münsterland Ost performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Münsterland Ost will ask him/her to provide the following documents: passport, ID card, utility bill. For corporate clients Sparkasse Münsterland Ost will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Münsterland Ost may request additional documentation or information depending on the case.
Sparkasse Münsterland Ost is the 77th largest bank in Germany in terms of total assets. In 2018 its total assets were 9 536,05 mln EUR, providing the bank with the market share of 0.13%. Sparkasse Münsterland Ost is the 18th largest savings bank (sparkasse) in Germany (out of 385 savings banks (sparkassen)) having market share of 0.78% amongst the banks of this category. Sparkasse Münsterland Ost had 1 204 employees in 2018.
Sparkasse Münsterland Ost is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Münsterland Ost 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 Münsterland Ost is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Sparkasse Münsterland Ost is located in Münster, Westf..