Frankfurter Sparkasse

Frankfurter Sparkasse
Headquarters in Neue Mainzer Straße
Country	Germany
Seat	Neue Mainzer Strasse 47–53 60311 Frankfurt am Main
legal form	Institute of public right
Bank code	500 502 01
BIC	HELA DEF1 822
founding	June 12, 1822
Association	Savings Banks and Giro Association Hessen-Thuringia
Website	www.frankfurter-sparkasse.de
Business data 2019
Total assets	19.89 billion euros
insoles	17.102 billion euros
Customer credit	9.091 billion euros
Employee	1,673
Offices	81
management
Board of Directors	Thomas Groß, chairman
Board	Robert Restani, Chairman Stephan Bruhn, Deputy Chairman Arne Weick Harald Roos
List of savings banks in Germany

The Frankfurter Sparkasse , shortly Fraspa , is a public-sector savings banks and is one of the largest savings banks in Germany . The sponsor is the Landesbank Hessen-Thüringen .

Legal structure

The Frankfurter Sparkasse was created on March 8, 1989 through the merger of the Frankfurter Sparkasse from 1822 , a subsidiary of the Polytechnische Gesellschaft , with the Stadtsparkasse Frankfurt , at that time still as a Free Sparkasse in the legal form of an economic association .

History of the acquired company

Frankfurter Sparkasse from 1822

In 1822, the Polytechnische Gesellschaft founded the Frankfurter Sparkasse from 1822 to give low-wage earners and craftsmen the opportunity to invest their savings securely. The first office was opened on June 12, 1822 in Grosse Sandgasse.

During the Nazi era , Karl Eckardt was chairman of the supervisory board.

In the course of the reconstruction after the Second World War , the Sparkasse built the beehive house at the Konstablerwache in 1953/54 . The Sparkasse has been based in Neue Mainzer Strasse since 1878.

Sparkasse of the city of Bockenheim

The Sparkasse of the city of Bockenheim opened its business on January 11, 1860. This was preceded by a planning phase that had lasted seven years. The city had put in a cash advance of 200 guilders. On the first day, 29 savings accounts with 378 ½ guilders assets were created. From 1895, after the incorporation of Bockenheim , the Sparkasse der Stadt Bockenheim was renamed the Städtische Sparkasse Frankfurt am Main .

History since the merger

On March 8, 1989, the Städtische Sparkasse Frankfurt am Main merged with the Frankfurter Sparkasse from 1822. Since the Frankfurter Sparkasse from 1822 was the larger of the two, the new institute took over their colors blue and yellow. In addition, the Sparkasse was represented by a new logo (diamond made up of three horizontal yellow bars and the number 1822). The shareholders of the economic association were the Polytechnische Gesellschaft with 60 percent and the city of Frankfurt am Main with 40 percent.

On August 30, 2005, after economic problems, the Sparkasse was converted into a stock corporation and sold by the previous owners, Polytechnische Gesellschaft and Stadt Frankfurt, to Landesbank Hessen-Thüringen (Helaba), which has held 100% of the shares in Frankfurter Sparkasse since then. The Polytechnische Gesellschaft contributed its sales proceeds to a foundation.

On July 1, 2007, the state of Hesse changed the legal form to an institution under public law through the “Fraspa Act” , which is solely supported by Helaba. The Sparkasse is thus de facto a subsidiary of Helaba, which, together with the Board of Directors, is the supreme body of the Sparkasse, but is not liable for the Sparkasse's liabilities.

Detlef Hosemann is the Chairman of the Board of Directors , which consists of nine members and has employer (to ⅔) and employee representatives (to ⅓) .

Business direction and business success

Frankfurter Sparkasse had total assets of 19.89 billion euros in the 2019 financial year and customer deposits of 17.102 billion euros. According to the 2019 Sparkasse Ranking List, it ranks 5th in terms of total assets. It has 81 branches / self-service locations and employs 1,673 people. It is a member of the Sparkassen-Finanzgruppe and looks after more than 400,000 private customers and nearly 40,000 self-employed, tradespeople and companies.

The savings bank is in the entire Frankfurt city area and in the surrounding communities Bad Soden am Taunus , Bad Vilbel , Dreieich , Eschborn , Friedrichsdorf , Hanau , Hofheim am Taunus , Kronberg im Taunus , Maintal , Neu-Isenburg , Oberursel (Taunus) , Offenbach am Main , Schwalbach am Taunus and Steinbach (Taunus) represented.

Subsidiaries and major holdings

• 1822directly (100%)
• Insurance service of Frankfurter Sparkasse (VFS) (100%)
• Sparkassen Markt Service GmbH (50%)

Sparkassen-Informatik (today Finanz Informatik ) acquired the stake in 1822 S iNFORM Software GmbH (today Finanz Informatik Solutions Plus GmbH) on October 1, 2007.

History in the 20th century

On August 7th, 1996 the direct bank 1822direkt was founded as a sales company. It is the first direct bank of a German savings bank.

History in the 21st Century

In 2004 the Frankfurter Sparkasse got into a serious financial crisis. A high need for value adjustments for the 2003 financial year drained the reserves. In spring 2004, the then chairman of the board resigned from his position. After examining the 2003 annual financial statements, the Federal Financial Supervisory Authority (BaFin) also demanded the immediate dismissal of two other board members who were dismissed in October 2004 without notice. Since the previous shareholders could not finance a capital increase, the institute was converted into a stock corporation and sold. In February 2005, Helaba took over all of the shares. There had been political concerns about the sale to a private bank, for which there were also interested parties. In the course of the takeover, the corporate design , which was previously characterized by its own 1822 logo and the colors blue and yellow, has been changed to the uniform Sparkasse appearance with the "S" logo and the color red since May 29, 2006. The term 1822 is retained as a lettering, but it has disappeared from the official language and the product names of the Sparkasse.

Historical logo until 2006

Social Commitment

In addition to its entrepreneurial activities, Frankfurter Sparkasse supports social and cultural projects in Frankfurt and the Rhine-Main area . In 1997, on the occasion of its 175th anniversary, Frankfurter Sparkasse established the Frankfurter Sparkasse Foundation for this purpose . The purpose of the foundation is to improve the quality of life of the citizens in Frankfurt and the region by promoting non-profit areas of art, culture and music, the idea of ​​home, monument protection and international understanding, research and science, education, upbringing, sport, nature and environmental protection, health, Welfare, youth and elderly care and religion.

The most important projects of the foundation and the Frankfurter Sparkasse are:

• 1822 New Years Concert
• 1822 forum
• 1822 art award
• Art history exhibitions in the gallery on Neue Mainzer Straße
• Cooperation with the museums and cultural institutions in Frankfurt
• Exhibitions and events in the Stoltze Museum
• Permanent exhibition in the Paulskirche in Frankfurt
• 1822 University Prize
• Promotion of the Frankfurt art academies
• Promotion of the Städelschule in Frankfurt
• Funding of the Offenbach am Main University of Design
• 1822 school and nature
• Reading magic
• Book stacker
• Student Press Prize
• School artist project
• 1822 school sponsorship award from the city of Dreieich
• Creation of district brochures
• 1822 mini cup
• 1822 indoor cup
• 1822 soccer cup
• 1822 school chess tournament

Savings Banks Finance Group

Frankfurter Sparkasse is part of the Sparkassen-Finanzgruppe and thus also belongs to its liability association. He secures the existence of the institutes and ensures that they can meet all liabilities even in the event of individual savings banks becoming insolvent . The Savings Bank provides savings contracts the regional Landesbausparkasse , mutual funds of Deka and insurance of the SV Sparkasse insurance . In the area of leasing , Frankfurter Sparkasse works together with Deutsche Leasing . The Landesbank Hessen-Thüringen performs the function of the Sparkasse central bank .

literature

• Friedrich Lauf: Under the sign of the beehive. Chronicle of the Frankfurter Sparkasse from 1822 . Waldemar Kramer Verlag , Frankfurt am Main 1984, ISBN 3-7829-0288-2 .

Web links

Commons : Frankfurter Sparkasse  - Collection of images, videos and audio files

• Official website
• Frankfurter Sparkasse in the company database of BaFin
• Early documents and newspaper articles on the Frankfurter Sparkasse in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .

Individual evidence

1. ↑ ^{a b} Master data of the credit institute at the Deutsche Bundesbank
2. ↑ Sparkasse Ranking List 2019 (PDF; 199 kB, 9 pages) In: Finanzgruppe Deutscher Sparkassen- und Giroverband. DSGV.de, May 4, 2020, accessed on May 4, 2020 . 
3. ^ Heinrich Ludwig: History of the village and the city of Bockenheim, 1940, page 316.
4. ^ Report on the takeover of May 14, 2005 on focus.de
5. ↑ Law establishing the Frankfurter Sparkasse as an institution under public law (Fraspa Law) of May 14, 2007.
6. ↑ https://www.frankfurter-sparkasse.de/content/dam/myif/spk-frankfurt/work/dokumente/pdf/ihre-sparkasse/geschaeftsdaten/satzung_fsp.pdf Statutes of the Frankfurter Sparkasse.
7. ↑ Sparkasse Ranking List 2019 (PDF; 199 kB, 9 pages) In: Finanzgruppe Deutscher Sparkassen- und Giroverband. DSGV.de, May 4, 2020, accessed on May 4, 2020 . 

Coordinates: 50 ° 6 ′ 43.1 ″  N , 8 ° 40 ′ 17.9 ″  E