Sparkasse Vest Recklinghausen

Business Focus
retail banking

Sparkasse Vest Recklinghausen is a member of Sparkassen Finanzgruppe and is the 46th largest savings bank in Germany out of 379.

Core business of Sparkasse Vest Recklinghausen 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 Vest Recklinghausen 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 Vest Recklinghausen to avoid excessive risks which is reflected in high credit ratings of Sparkasse Vest Recklinghausen.

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Sparkasse Vest Recklinghausen can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Due to regulatory requirements Sparkasse Vest Recklinghausen performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Vest Recklinghausen will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Sparkasse Vest Recklinghausen will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Vest Recklinghausen may request additional documentation or information depending on the case. Sparkasse Vest Recklinghausen performs client's identity verification via branch visit.

Ways to Bank

Sparkasse Vest Recklinghausen delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Sparkasse Vest Recklinghausen
Market Share of Sparkasse Vest Recklinghausen
Total Assets (2019)
6,409.17 mln EUR  (+5.18%)
Number of Employees (2019)
1,230  (-4.43%)

In 2019 total assets of Sparkasse Vest Recklinghausen were 6 409,17 mln EUR. Sparkasse Vest Recklinghausen is the 46th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.49% amongst the banks of this category. Sparkasse Vest Recklinghausen had 1 230 employees in 2019.

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 Vest Recklinghausen is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Institutional Protection Scheme of the Savings Banks Finance Group
Covered Depositors
individuals
companies
Covered Accounts
all deposit accounts

Sparkasse Vest Recklinghausen 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 Vest Recklinghausen is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

Contacts

Herzogswall 5, 45657, Recklinghausen, Germany

Sparkasse Vest Recklinghausen is located in Recklinghausen.

Bank Identifiers

BIC (SWIFT)
WELADED1REK
LEI
529900FR6NK5ZQR5EP29
MFI ID
DE00951