Core business of Stadtsparkasse Düsseldorf 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 Stadtsparkasse Düsseldorf 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 Stadtsparkasse Düsseldorf to avoid excessive risks which is reflected in high credit ratings of Stadtsparkasse Düsseldorf.
Becoming a client of Stadtsparkasse Düsseldorf can be done in a few steps:
Due to regulatory requirements Stadtsparkasse Düsseldorf performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Stadtsparkasse Düsseldorf will ask him/her to provide the following documents: passport; proof of address. For corporate clients Stadtsparkasse Düsseldorf will ask to provide corporate documentation as well as information about controlling persons. Stadtsparkasse Düsseldorf may request additional documentation or information depending on the case. Stadtsparkasse Düsseldorf performs client's identity verification via branch visit.
In 2019 total assets of Stadtsparkasse Düsseldorf were 12 747,80 mln EUR. Stadtsparkasse Düsseldorf is the 11th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.98% amongst the banks of this category. Stadtsparkasse Düsseldorf had 1 670 employees in 2019.
Stadtsparkasse Düsseldorf is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Stadtsparkasse Düsseldorf 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. Stadtsparkasse Düsseldorf is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.
Stadtsparkasse Düsseldorf is located in Düsseldorf.