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Stadt-Sparkasse Langenfeld (Rhld.), part of the Sparkassen Finanzgruppe, is the 257th largest savings bank in Germany.
The bank specializes in retail banking services for individuals, small and medium-sized enterprises, and public institutions. By prioritizing local economic development and community prosperity over profit maximization, it maintains a conservative risk approach, reflected in its strong credit ratings.
In 2023, Stadt-Sparkasse Langenfeld (Rhld.) achieved the position of 540th largest bank in Germany with a market share of 0.02%; its total assets dropped by 0.73%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Stadt-Sparkasse Langenfeld (Rhld.).
Becoming a client of Stadt-Sparkasse Langenfeld (Rhld.) can be done in a few steps:
Stadt-Sparkasse Langenfeld (Rhld.) performs client's identity verification via branch visit.
branch
online banking
Stadt-Sparkasse Langenfeld (Rhld.) ranks as the 540th largest bank in Germany by total assets. In 2023 its total assets were 1,739.34 mln EUR, representing a 0.02% market share. It is also the 257th largest savings bank in Germany, commanding a 0.12% share among savings banks. As of 2023, the bank employed 219 people.
Stadt-Sparkasse Langenfeld (Rhld.) is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Stadt-Sparkasse Langenfeld (Rhld.) protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the Institutional Protection Scheme of the Savings Banks Finance Group, making regular contributions into it.
Solinger Straße 51-59, 40764, Langenfeld, Rheinl., Germany
1562Stadt-Sparkasse Langenfeld (Rhld.) is located in Langenfeld, Rheinl..
VisaMasterCardStadt-Sparkasse Langenfeld (Rhld.) provides services in the area of retail banking. Stadt-Sparkasse Langenfeld (Rhld.) offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans. Stadt-Sparkasse Langenfeld (Rhld.) makes its solutions available to natural persons, small- and medium-sized enterprises, public-sector organizations.
Opening an account with Stadt-Sparkasse Langenfeld (Rhld.) can be done by performing the following steps: book an appointment, visit bank branch.
Stadt-Sparkasse Langenfeld (Rhld.) requires the following documents to open a personal bank account: passport or ID card; utility bill; application form.
While opening a bank account Stadt-Sparkasse Langenfeld (Rhld.) has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Stadt-Sparkasse Langenfeld (Rhld.) and the documents used are outlined below.
Stadt-Sparkasse Langenfeld (Rhld.) may require additional documentation or information depending on the case.
Stadt-Sparkasse Langenfeld (Rhld.) performs identity verification using branch visit.
branch online bankingProducts and services offered by Stadt-Sparkasse Langenfeld (Rhld.) are available at its branches and via its online banking system.
In 2023 total assets of Stadt-Sparkasse Langenfeld (Rhld.) were 1,739.34 mln EUR. Decline compared to the previous period (2022) was -0.73%. The evolution of the total assets of Stadt-Sparkasse Langenfeld (Rhld.) is shown at Chart 1 below.
Chart 1. Total Assets of Stadt-Sparkasse Langenfeld (Rhld.).
Recent changes in total assets of Stadt-Sparkasse Langenfeld (Rhld.) and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans to customers | 1,330.8 | 1,397.2 | +4.99% |
| Total Assets | 1,752.1 | 1,739.3 | -0.73% |
Table 1. Recent changes in total assets of Stadt-Sparkasse Langenfeld (Rhld.) (mln EUR).
Recent changes in total liabilities of Stadt-Sparkasse Langenfeld (Rhld.) and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Customer deposits | 1,227.9 | 1,181.2 | -3.80% |
| Total Liabilities | 1,752.1 | 1,739.3 | -0.73% |
Table 2. Recent changes in total liabilities of Stadt-Sparkasse Langenfeld (Rhld.) (mln EUR).
In 2023 there were 219 employees of Stadt-Sparkasse Langenfeld (Rhld.). Growth compared to the previous period (2022) was 1.86%. The evolution of the number of employees of Stadt-Sparkasse Langenfeld (Rhld.) is shown at Chart 2 below.
Chart 2. Number of Employees of Stadt-Sparkasse Langenfeld (Rhld.).
In 2023 Stadt-Sparkasse Langenfeld (Rhld.) had 5 branches in Germany. The value didn't change compared to the previous period (2022). The evolution of the number of branches of Stadt-Sparkasse Langenfeld (Rhld.) is shown at Chart 3 below.
Chart 3. Branches of Stadt-Sparkasse Langenfeld (Rhld.).
In 2023 Stadt-Sparkasse Langenfeld (Rhld.) was ranked the 257th largest savings bank (sparkasse) in Germanyin terms of total assets, having 0.12% of the category's market share.
Chart 4. Market share of Stadt-Sparkasse Langenfeld (Rhld.) (among Savings banks (Sparkassen) in Germany)
TheBanks.eu identified several banks savings banks (sparkassen) having the market shares and ranks closest to Stadt-Sparkasse Langenfeld (Rhld.) listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 256 | | 0.12% | 1,752.45 mln EUR (-0.98%) |
| 257 | | 0.12% | 1,739.34 mln EUR (-0.73%) |
| 258 | | 0.11% | 1,718.64 mln EUR (+2.77%) |
In 2023 Stadt-Sparkasse Langenfeld (Rhld.) was ranked the 540th largest bank in Germanyin terms of total assets, having 0.02% of the domestic market share.
Chart 5. Market share of Stadt-Sparkasse Langenfeld (Rhld.) (among banks in Germany)
Historical changes in Stadt-Sparkasse Langenfeld (Rhld.)'s domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 540 | 0.02 % |
| 2022 | 539 | 0.02 % |
| 2021 | 558 | 0.02 % |
| 2020 | 553 | 0.02 % |
| 2019 | 556 | 0.02 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Stadt-Sparkasse Langenfeld (Rhld.) listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 539 |  | 0.02% | 1,812.26 mln EUR (+3.43%) |
| 540 | | 0.02% | 1,739.34 mln EUR (-0.73%) |
| 541 | | 0.02% | 1,780.47 mln EUR (+2.48%) |
Stadt-Sparkasse Langenfeld (Rhld.) has received a rating from Fitch, a major credit rating agency. This rating assesses the institution's financial stability and creditworthiness.
| Rating Category / Outlook | Value |
|---|---|
| Long-Term Issuer Default Rating | A+ (high credit quality) |
| Outlook | negative |
| On Watch | No |
| Short-Term Issuer Default Rating | F1+ (highest short-term credit quality) |
| Viability Rating | - |
| Support Rating | - |
| Support Rating Floor | - |
The long-term issuer rating measures the bank’s ability tomeet its financial obligations, while the short-term rating reflects itsshort-term creditworthiness. The negative on watch outlook signals that Fitch is closely observing the bank, with a potential downgrade likely under specific circumstances.
Discover key identifiers of Stadt-Sparkasse Langenfeld (Rhld.) including its BIC, LEI, MFI ID.
BIC: WELADED1LAF
The BIC (also known as SWIFT code) for Stadt-Sparkasse Langenfeld (Rhld.) is WELADED1LAF. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | WELADED1LAF |
| Bank BIC Code | WELA |
| Country Code | DE (Germany) |
| Location Code | D1 |
| Branch Code | LAF |
LEI: 529900CL5BVX8CKVN935
Stadt-Sparkasse Langenfeld (Rhld.)’s LEI is 529900CL5BVX8CKVN935. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900CL5BVX8CKVN935 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | CL5BVX8CKVN9 |
| Verification ID | 35 |
MFI ID: DE00905
Stadt-Sparkasse Langenfeld (Rhld.)’s MFI ID, DE00905, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Germany (DE), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | DE00905 |
| Country Code | DE |
| MFI Code | 00905 |
TheBanks.eu identified several banks similar to Stadt-Sparkasse Langenfeld (Rhld.) based on various criteria, including:
