Stadtsparkasse Lengerich (Westfalen)

Business Focus
retail banking

Stadtsparkasse Lengerich (Westfalen) is a member of Sparkassen Finanzgruppe and is the 364th largest savings bank in Germany out of 379.

Core business of Stadtsparkasse Lengerich (Westfalen) 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 Lengerich (Westfalen) 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 Lengerich (Westfalen) to avoid excessive risks which is reflected in high credit ratings of Stadtsparkasse Lengerich (Westfalen).

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Stadtsparkasse Lengerich (Westfalen) can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch

Due to regulatory requirements Stadtsparkasse Lengerich (Westfalen) performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Stadtsparkasse Lengerich (Westfalen) will ask him/her to provide the following documents: passport or ID card; utility bill. For corporate clients Stadtsparkasse Lengerich (Westfalen) will ask to provide corporate documentation as well as information about controlling persons. Stadtsparkasse Lengerich (Westfalen) may request additional documentation or information depending on the case. Stadtsparkasse Lengerich (Westfalen) performs client's identity verification via branch visit.

Ways to Bank

Stadtsparkasse Lengerich (Westfalen) delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of Stadtsparkasse Lengerich (Westfalen)
Market Share of Stadtsparkasse Lengerich (Westfalen)
Total Assets (2019)
459.33 mln EUR  (+4.96%)
Number of Employees (2019)
91  (-3.19%)

In 2019 total assets of Stadtsparkasse Lengerich (Westfalen) were 459,33 mln EUR. Stadtsparkasse Lengerich (Westfalen) is the 364th largest savings bank (sparkasse) in Germany (out of 379 savings banks (sparkassen)) having market share of 0.04% amongst the banks of this category. Stadtsparkasse Lengerich (Westfalen) had 91 employees in 2019.

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 Lengerich (Westfalen) 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 Lengerich (Westfalen) 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 Lengerich (Westfalen) is a member of Institutional Protection Scheme of the Savings Banks Finance Group and makes its contributions into it.

Contacts

Rathausplatz 5-7, 49525, Lengerich, Westf., Germany
15 70

Stadtsparkasse Lengerich (Westfalen) is located in Lengerich, Westf..

Bank Identifiers

BIC (SWIFT)
WELADED1LEN
LEI
5299002DCNYEMSZANB66
MFI ID
DE00909