Core business of Sparkasse Witten 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 Witten 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 Witten to avoid excessive risks which is reflected in high credit ratings of Sparkasse Witten.
Becoming a client of Sparkasse Witten can be done in a few steps:
Due to regulatory requirements Sparkasse Witten performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Sparkasse Witten will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Sparkasse Witten will ask to provide corporate documentation as well as information about controlling persons. Sparkasse Witten may request additional documentation or information depending on the case. Sparkasse Witten performs client's identity verification via branch visit.
In 2019 total assets of Sparkasse Witten were 2 092,18 mln EUR. Sparkasse Witten is the 200th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.16% amongst the banks of this category. Sparkasse Witten had 371 employees in 2019.
Sparkasse Witten is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Sparkasse Witten 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 Witten is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Sparkasse Witten is located in Witten.