Sparkasse Witten

Business Focus
retail banking

Sparkasse Witten is a member of Sparkassen Finanzgruppe and is the 200th largest savings bank in Germany out of 379.

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.

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 Witten can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

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.

Ways to Bank

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

Financials

Total Assets of Sparkasse Witten
Market Share of Sparkasse Witten
Total Assets (2019)
2,092.18 mln EUR  (+2.68%)
Number of Employees (2019)
371  (+1.64%)

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.

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 Witten 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 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.

Contacts

Ruhrstr. 45, 58452, Witten, Germany

Sparkasse Witten is located in Witten.

Bank Identifiers

BIC (SWIFT)
WELADED1WTN
LEI
529900YKAHRQ62W8LM97
MFI ID
DE01005