Sparkasse Zwickau

Anna MileikoCreated by Anna Mileiko

Sparkasse Zwickau Logo

Address

Crimmitschauer Straße 2, 08056, Zwickau, Germany

BIC

WELADED1ZWI

Overview

Business Focus

retail banking

Sparkasse Zwickau is a member of Sparkassen Finanzgruppe and is the 161st largest savings bank in Germany out of 353.

Core business of Sparkasse Zwickau 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 Zwickau is essentially focusedon broad participation in developing citizens' prosperity and on increasing local economic strength rather than on maximising profits. This business focus help Sparkasse Zwickau to avoid excessive risks which is reflected in high credit ratings of Sparkasse Zwickau.

Performance

In 2023, Sparkasse Zwickau achieved the position of 303rd largest bank in Germany with a market share of 0.03%; its total assets grew by 0.24%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Sparkasse Zwickau.

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

Card Providers

VisaMasterCard

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Account Opening

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

1.
Book an appointment
2.
Visit bank branch

Sparkasse Zwickau performs client's identity verification via branch visit.

See Also

Ways to Bank

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

Financials

Total Assets of Sparkasse Zwickau
Market Share of Sparkasse Zwickau
Total Assets (2023)
3,005.98 mln EUR   (+0.24%)
Number of Employees (2023)
409   (+1.24%)

Sparkasse Zwickau is the 303rd largest bank in Germany in terms of total assets. In 2023 its total assets were 3 005,98 mln EUR, providing the bank with the market share of 0.03%. Sparkasse Zwickau is the 161st largest savings bank (sparkasse) in Germany (out of 353 savings banks (sparkassen)) having market share of 0.20% amongst the banks of this category. Sparkasse Zwickau had 409 employees in 2023.

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

Deposit Guarantee

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

Sparkasse Zwickau participates in the deposit guarantee scheme of Germany which applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Sparkasse Zwickau is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

See Also

Contacts

addressCrimmitschauer Straße 2, 08056, Zwickau, Germany
po box20 09 38

Sparkasse Zwickau is located in Zwickau.

Bank Identifiers

BIC (SWIFT)
WELADED1ZWI
LEI
529900VYIOMW258HE286
MFI ID
DE06282
Flag of Germany

Germany Banking Insights and Helpful Posts

TheBanks.eu Values Your Privacy

We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.

Customize Cookies

We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.

Necessary Cookies

Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.

Analytical Cookies

Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.

Advertising Cookies

Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.