Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp, part of the Sparkassen Finanzgruppe, is the 92nd largest savings bank in Germany.
The bank specializes in retail banking services for individuals, small and medium-sized enterprises, and public institutions. By prioritizing local economic development and community prosperity over profit maximization, it maintains a conservative risk approach, reflected in its strong credit ratings.
In 2023, Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp achieved the position of 185th largest bank in Germany with a market share of 0.05%; its total assets grew by 0.11%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp.
Becoming a client of Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp can be done in a few steps:
Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp performs client's identity verification via branch visit.
Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp ranks as the 185th largest bank in Germany by total assets. In 2023 its total assets were 4,914.01 mln EUR, representing a 0.05% market share. It is also the 92nd largest savings bank in Germany, commanding a 0.33% share among savings banks. As of 2023, the bank employed 740 people.
Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the Institutional Protection Scheme of the Savings Banks Finance Group, making regular contributions into it.
Sparkasse Siegen, Zweckverbandssparkasse der Städte Siegen, Freudenberg, Hilchenbach, Kreuztal, Netp is located in Siegen.