Core business of Sparkasse Hegau-Bodensee 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 Hegau-Bodensee 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 Hegau-Bodensee to avoid excessive risks which is reflected in high credit ratings of Sparkasse Hegau-Bodensee.
Becoming a client of Sparkasse Hegau-Bodensee can be done in a few steps:
Due to regulatory requirements Sparkasse Hegau-Bodensee performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Hegau-Bodensee will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Sparkasse Hegau-Bodensee will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Hegau-Bodensee may request additional documentation or information depending on the case. Sparkasse Hegau-Bodensee performs client's identity verification via branch visit.
In 2019 total assets of Sparkasse Hegau-Bodensee were 3 384,62 mln EUR. Sparkasse Hegau-Bodensee is the 124th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.26% amongst the banks of this category. Sparkasse Hegau-Bodensee had 529 employees in 2019.
Sparkasse Hegau-Bodensee is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Hegau-Bodensee 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 Hegau-Bodensee is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Sparkasse Hegau-Bodensee is located in Singen.