Stadtsparkasse Düsseldorf

Business Focus

retail banking

Stadtsparkasse Düsseldorf is a member of Sparkassen Finanzgruppe and is the 12th largest savings bank in Germany out of 385.

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.

Bank Category

Savings banks (Sparkassen)

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

Account Opening

Becoming a client of Stadtsparkasse Düsseldorf can be done in a few steps:

Book an appointment

Visit bank branch

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, ID card, utility bill. 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.

Ways to Bank

Stadtsparkasse Düsseldorf delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets of Stadtsparkasse Düsseldorf

Market Share of Stadtsparkasse Düsseldorf

Total Assets (2018)

11,698.18 mln EUR (+3.07%)

Number of Employees (2018)

1,831 (-5.86%)

Stadtsparkasse Düsseldorf is the 69th largest bank in Germany in terms of total assets. In 2018 its total assets were 11 698,18 mln EUR, providing the bank with the market share of 0.16%. Stadtsparkasse Düsseldorf is the 12th largest savings bank (sparkasse) in Germany (out of 385 savings banks (sparkassen)) having market share of 0.96% amongst the banks of this category. Stadtsparkasse Düsseldorf had 1 831 employees in 2018.

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

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

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Institutional Protection Scheme of the Savings Banks Finance Group

Covered Depositors

•individuals
•companies

Covered Accounts

•all deposit accounts

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.