Core business of Sparkasse Westmünsterland 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 Westmünsterland 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 Westmünsterland to avoid excessive risks which is reflected in high credit ratings of Sparkasse Westmünsterland.
Becoming a client of Sparkasse Westmünsterland can be done in a few steps:
Due to regulatory requirements Sparkasse Westmünsterland performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Westmünsterland will ask him/her to provide the following documents: passport; proof of address. For corporate clients Sparkasse Westmünsterland will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Westmünsterland may request additional documentation or information depending on the case. Sparkasse Westmünsterland performs client's identity verification via branch visit.
In 2019 total assets of Sparkasse Westmünsterland were 8 298,53 mln EUR. Sparkasse Westmünsterland is the 29th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.64% amongst the banks of this category. Sparkasse Westmünsterland had 1 394 employees in 2019.
Sparkasse Westmünsterland is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Westmünsterland 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 Westmünsterland is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Sparkasse Westmünsterland is located in Dülmen.