Created by Anna Mileiko 
Stadtsparkasse Cuxhaven, part of the Sparkassen Finanzgruppe, is the 299th 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, Stadtsparkasse Cuxhaven achieved the position of 659th largest bank in Germany with a market share of 0.01%; its total assets grew by 1.02%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Stadtsparkasse Cuxhaven.
Becoming a client of Stadtsparkasse Cuxhaven can be done in a few steps:
Stadtsparkasse Cuxhaven performs client's identity verification via branch visit.
branch
online banking
Stadtsparkasse Cuxhaven ranks as the 659th largest bank in Germany by total assets. In 2023 its total assets were 1,236.06 mln EUR, representing a 0.01% market share. It is also the 299th largest savings bank in Germany, commanding a 0.08% share among savings banks. As of 2023, the bank employed 202 people.
Stadtsparkasse Cuxhaven is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Stadtsparkasse Cuxhaven 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.
Rohdestraße 6, 27472, Cuxhaven, Germany
660Stadtsparkasse Cuxhaven is located in Cuxhaven.
VisaMasterCardStadtsparkasse Cuxhaven provides services in the area of retail banking. Stadtsparkasse Cuxhaven 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. Stadtsparkasse Cuxhaven makes its solutions available to natural persons, small- and medium-sized enterprises, public-sector organizations.
Opening an account with Stadtsparkasse Cuxhaven can be done by performing the following steps: book an appointment, visit bank branch.
Stadtsparkasse Cuxhaven requires the following documents to open a personal bank account: passport or ID card; utility bill; application form.
While opening a bank account Stadtsparkasse Cuxhaven 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 Stadtsparkasse Cuxhaven and the documents used are outlined below.
Stadtsparkasse Cuxhaven may require additional documentation or information depending on the case.
Stadtsparkasse Cuxhaven performs identity verification using branch visit.
branch online bankingProducts and services offered by Stadtsparkasse Cuxhaven are available at its branches and via its online banking system.
In 2023 total assets of Stadtsparkasse Cuxhaven were 1,236.06 mln EUR. Growth compared to the previous period (2022) was 1.02%. The evolution of the total assets of Stadtsparkasse Cuxhaven is shown at Chart 1 below.
Chart 1. Total Assets of Stadtsparkasse Cuxhaven.
Recent changes in total assets of Stadtsparkasse Cuxhaven and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans to customers | 884.7 | 927.4 | +4.82% |
| Total Assets | 1,223.6 | 1,236.1 | +1.02% |
Table 1. Recent changes in total assets of Stadtsparkasse Cuxhaven (mln EUR).
Recent changes in total liabilities of Stadtsparkasse Cuxhaven and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Customer deposits | 994.0 | 1,021.5 | +2.77% |
| Total Liabilities | 1,223.6 | 1,236.1 | +1.02% |
Table 2. Recent changes in total liabilities of Stadtsparkasse Cuxhaven (mln EUR).
In 2023 there were 202 employees of Stadtsparkasse Cuxhaven. Growth compared to the previous period (2022) was 3.06%. The evolution of the number of employees of Stadtsparkasse Cuxhaven is shown at Chart 2 below.
Chart 2. Number of Employees of Stadtsparkasse Cuxhaven.
In 2023 Stadtsparkasse Cuxhaven had 5 branches in Germany. The value didn't change compared to the previous period (2022). The evolution of the number of branches of Stadtsparkasse Cuxhaven is shown at Chart 3 below.
Chart 3. Branches of Stadtsparkasse Cuxhaven.
In 2023 Stadtsparkasse Cuxhaven was ranked the 299th largest savings bank (sparkasse) in Germanyin terms of total assets, having 0.08% of the category's market share.
Chart 4. Market share of Stadtsparkasse Cuxhaven (among Savings banks (Sparkassen) in Germany)
TheBanks.eu identified several banks savings banks (sparkassen) having the market shares and ranks closest to Stadtsparkasse Cuxhaven listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 298 | | 0.08% | 1,236.94 mln EUR (-0.13%) |
| 299 | | 0.08% | 1,236.06 mln EUR (+1.02%) |
| 300 | | 0.08% | 1,212.52 mln EUR (-1.80%) |
In 2023 Stadtsparkasse Cuxhaven was ranked the 659th largest bank in Germanyin terms of total assets, having 0.01% of the domestic market share.
Chart 5. Market share of Stadtsparkasse Cuxhaven (among banks in Germany)
Historical changes in Stadtsparkasse Cuxhaven's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 659 | 0.01 % |
| 2022 | 664 | 0.01 % |
| 2021 | 691 | 0.01 % |
| 2020 | 714 | 0.01 % |
| 2019 | 724 | 0.01 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Stadtsparkasse Cuxhaven listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 658 | | 0.01% | 1,236.94 mln EUR (-0.13%) |
| 659 | | 0.01% | 1,236.06 mln EUR (+1.02%) |
| 660 | | 0.01% | 1,212.52 mln EUR (-1.80%) |
Stadtsparkasse Cuxhaven 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 | stable |
| 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 stable outlook means Fitch does not expect this rating to change in the near future.
Discover key identifiers of Stadtsparkasse Cuxhaven including its BIC, LEI, MFI ID.
BIC: BRLADE21CUX
The BIC (also known as SWIFT code) for Stadtsparkasse Cuxhaven is BRLADE21CUX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | BRLADE21CUX |
| Bank BIC Code | BRLA |
| Country Code | DE (Germany) |
| Location Code | 21 |
| Branch Code | CUX |
LEI: 529900LY1N4UG9EC0610
Stadtsparkasse Cuxhaven’s LEI is 529900LY1N4UG9EC0610. 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 | 529900LY1N4UG9EC0610 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | LY1N4UG9EC06 |
| Verification ID | 10 |
MFI ID: DE00711
Stadtsparkasse Cuxhaven’s MFI ID, DE00711, 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 | DE00711 |
| Country Code | DE |
| MFI Code | 00711 |
TheBanks.eu identified several banks similar to Stadtsparkasse Cuxhaven based on various criteria, including:
