Stadt-Sparkasse Langenfeld (Rhld.) (Germany)

Address

Solinger Straße 51-55, 40764, Langenfeld, Rheinl., Germany

BIC

WELADED1LAF

Overview

Business Focus

retail banking

Stadt-Sparkasse Langenfeld (Rhld.) is a member of Sparkassen Finanzgruppe and is the 257th largest savings bank in Germany out of 353.

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

Performance

In 2023, Stadt-Sparkasse Langenfeld (Rhld.) achieved the position of 490th largest bank in Germany with a market share of 0.02%; its total assets dropped by 0.73%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Stadt-Sparkasse Langenfeld (Rhld.).

Market Share (#490 in Germany)

Market Share of Stadt-Sparkasse Langenfeld (Rhld.)

Ratios

L/D

118.28%

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

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Account Opening

Becoming a client of Stadt-Sparkasse Langenfeld (Rhld.) can be done in a few steps:

Book an appointment

Visit bank branch

Stadt-Sparkasse Langenfeld (Rhld.) performs client's identity verification via branch visit.

Ways to Bank

Stadt-Sparkasse Langenfeld (Rhld.) delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets of Stadt-Sparkasse Langenfeld (Rhld.)

Total Assets (2023)

1,739.34 mln EUR (-0.73%)

Number of Employees (2023)

219 (+1.86%)

Stadt-Sparkasse Langenfeld (Rhld.) is the 490th largest bank in Germany in terms of total assets. In 2023 its total assets were 1 739,34 mln EUR, providing the bank with the market share of 0.02%. Stadt-Sparkasse Langenfeld (Rhld.) is the 257th largest savings bank (sparkasse) in Germany (out of 353 savings banks (sparkassen)) having market share of 0.12% amongst the banks of this category. Stadt-Sparkasse Langenfeld (Rhld.) had 219 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

Stadt-Sparkasse Langenfeld (Rhld.) 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

Stadt-Sparkasse Langenfeld (Rhld.) 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. Stadt-Sparkasse Langenfeld (Rhld.) is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.