Sparda-Bank (Germany)

Association of Sparda Banks V.
Country	Germany
Seat	Frankfurt am Main
legal form	registered association
Website	www.sparda.de www.sparda-verband.de
management
Board	Florian Rentsch, chairman Uwe Sterz

The Sparda banks in Germany are eleven cooperative banks that are part of the Association of Sparda Banks e. V. are grouped together. You are traditionally specialized in the private customer business. The eleven legally independent banks work according to the regional principle , which means that each of the individual banks is responsible for a specific business area and only accepts customers from this area.

development

The oldest Sparda bank was founded on May 6, 1896 as a savings and advance payment association of the Baden railway officials in Karlsruhe . Based on this model, similar cooperatives were founded elsewhere, which merged in the spring of 1906 to form the Auditing Association of Railway Savings and Loan Funds in Kassel .

Logo of the Sparda banks until 2003.

From 1969 onwards, the Eisenbahner-Sparkassen opened up to other employees in the public sector and from 1974 to all employees (regular payments to the salary account are expected). Since 1978 they have been called Sparda banks.

The focus of business activity is on standardized private customer business . The customers acquire at least one share in the cooperative (the amount and the maximum number of shares that can be subscribed is determined individually by each Sparda bank in the articles of association) and are therefore members and co-owners of the bank together with other customers. An annual dividend is paid on the cooperative shares (currently 3 percent at Sparda-Bank Süd-West, 3.5 percent at Sparda-Bank Baden-Württemberg).

checking account

The current account with bank card is free of charge at some Sparda banks. However, the Sparda banks have been charging different annual fees for the bank card since 2015.

Composite

The following Sparda banks are part of the Association of Sparda Banks e. V., which carries out the mandatory examinations for them as an auditing association within the meaning of the Cooperative Society Act :

• Sparda-Bank Augsburg
• Sparda-Bank Baden-Württemberg (in Stuttgart, from the merger with Sparda-Bank Karlsruhe)
• Sparda-Bank Berlin
• Sparda-Bank Hamburg
• Sparda-Bank Hanover
• Sparda-Bank Hessen (in Frankfurt / Main, from merger with Sparda-Bank Kassel)
• Sparda-Bank Munich
• Sparda-Bank Nuremberg
• Sparda-Bank Ostbayern (in Regensburg)
• Sparda-Bank Südwest (in Mainz, from merger with Sparda-Bank Saarbrücken)
• Sparda-Bank West (in Düsseldorf, from mergers with the Sparda banks in Essen, Cologne, Wuppertal and later Münster)

The Sparda banks are members of the Federal Association of German Volksbanks and Raiffeisenbanks (BVR) and its security scheme.

Together with other banks, the Sparda banks belong to the cash pool , which enables the customers of its members to withdraw cash free of charge across all institutions. Individual savings since banks have reached agreements to free cash withdrawals at Postbank - ATMs . There is also the option of making cash withdrawals at reduced fees at the ATMs of the Bankcard service network of the German Volksbank and Raiffeisenbanken.

Business figures

The combined total assets of all Sparda banks in 2018 amounted to 74.4 billion euros. At the end of 2018, the Sparda banks had a total of 3.6 million members.

Awards

The Sparda banks advertise that, according to Kundenmonitor Deutschland , they are far ahead of the competition in terms of customer satisfaction and have maintained this top position for two decades.

literature

• Rainer Olten: Time travel 1906–2006: 100 years of the Association of Sparda Banks; a chronicle. Association of Sparda Banks, Knapp, Frankfurt am Main 2006, ISBN 3-8314-0788-6 .
• Dieter Hein: In the train of time - 100 years of SPARDA-Bank in Frankfurt am Main 1903–2003 . Munich: Piper, 2002. ISBN 3-492-04480-8 .
• Rainer Olten: Faithful to the principles and open to the future: 100 years of Sparda-Bank Kassel eG; from the railway savings and loan fund EGMBH to a modern service company . Hessian research on historical regional and folklore vol. 32, Association for Hessian history and regional studies, Kassel 1997, ISBN 3-925333-32-0 .

Web links

Commons : Sparda-Bank  - Collection of pictures, videos and audio files

• Website of the Association of Sparda Banks

Individual evidence

1. ^ History . Sparda-Bank Baden-Württemberg eG. Archived from the original on June 6, 2014. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved November 3, 2012. 
2. ↑ ^{a b} Sparda: Grown with the railroad . Handelsblatt . March 31, 2006. Retrieved November 3, 2012.
3. ↑ https://www.sparda-sw.de/genossenschaften.php , as of June 25, 2015
4. ↑ https://www.sparda-bw.de/spardagiro_konditionen.php , as of 2015
5. ↑ Carla Neuhaus: Banks increase the fees: Free is not free , Der Tagesspiegel , February 12, 2015
6. ↑ Steffen Preißler: Banks: Hamburger Sparkasse is happy to say goodbye to the free account , Hamburger Abendblatt , May 3, 2016
7. ↑ Janet Lindgens: Sparda-Bank West introduces a fee for the debit card , Der Westen , January 9, 2016
8. ↑ https://www.sparda-bw.de/spardagiro.php
9. ↑ Sparda Report 2019
10. ↑ Customer Monitor Germany 2012 ( Memento of the original from December 24, 2012 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 66 kB) Press release from September 6, 2012 
11. ↑ http://www.presseportal.de/pm/76672/2113137/kundenmonitor-deutschland-2011-gruppe-der-sparda-banken-erneut-mit-den-zufriedensten-kunden