Core business of Sparkasse Saarbrücken 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 Saarbrücken 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 Saarbrücken to avoid excessive risks which is reflected in high credit ratings of Sparkasse Saarbrücken.
Becoming a client of Sparkasse Saarbrücken can be done in a few steps:
Due to regulatory requirements Sparkasse Saarbrücken performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Saarbrücken will ask him/her to provide the following documents: passport; proof of address. For corporate clients Sparkasse Saarbrücken will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Saarbrücken may request additional documentation or information depending on the case. Sparkasse Saarbrücken performs client's identity verification via branch visit.
In 2019 total assets of Sparkasse Saarbrücken were 8 066,10 mln EUR. Sparkasse Saarbrücken is the 30th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.62% amongst the banks of this category. Sparkasse Saarbrücken had 1 227 employees in 2019.
Sparkasse Saarbrücken is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Saarbrücken 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 Saarbrücken is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Sparkasse Saarbrücken is located in Saarbrücken.