Sparda-Bank Munich

Sparda-Bank Munich eG
The main building in Munich's Arnulfstrasse
Country	Germany
Seat	Munich
legal form	registered cooperative
Bank code	700 905 00
BIC	GENO DEF1 S04
founding	1930
Website	www.sparda-m.de
Business data 2018
Total assets	8.248 billion euros
insoles	7.536 billion euros
Customer credit	4.641 billion euros
Employee	748
Offices	45
Members	307,544
management
Board	Helmut Lind (Chairman) Hermann Busch Petra Müller Silke Schneider-Wild
Supervisory board	Berthold Ottmann (Chairman)
List of cooperative banks in Germany

Business area

The Sparda Bank München eG is the largest membership credit union in Bavaria and one of the ten largest credit unions in Germany. The business area extends to Upper Bavaria .

The bank emerged in 1930 from the Munich Railway Savings and Loan Bank. As of December 31, 2018, it had total assets of around 8.2 billion euros and over 307,000 members. The bank operates 40 branches and 25 self-service centers. Membership in the Sparda-Bank-Munich-Cooperative is a prerequisite for opening an account or using other banking services.

The organs of the bank consist of the management board , the supervisory board and the representative assembly . The meeting of representatives takes place once a year and consists of representatives elected by the cooperative members. The election of the representatives takes place every five years. One representative is elected for every 1200 members of the cooperative.

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Originally only accessible to railway workers

After it was basically only possible for railway workers to become members of the Sparda Bank Cooperative and thus open an account at Sparda Bank Munich until 1974, the bank has since opened up to all sections of the population. The historical ties to the railroad can still be recognized today by the fact that many of the bank's branches are located in or near train stations.

Establishment of another electoral list

Although the membership structure had changed enormously since the bank was opened to all sections of the population, the decision-making bodies (supervisory board and representative assembly) continued to be traditionally dominated by representatives of the railway unions. For a long time there were no other electoral lists for the representative elections of the cooperative than that of the railway workers' interest representatives. When an initiative tried to break this one-sided distribution of power by setting up its own electoral list for the 2003 representative elections, which was independent of the rail unions, the management and supervisory board tried to exclude the two initiators from the cooperative. The exclusion issued by the Management Board of Sparda-Bank Munich to the two members (initiators) was later revoked as ineffective by the Munich District Court .

The free-list.org - Equal Opportunities and Transparency, emerged from the initiative and has since drawn up its own list for each representative election. She is committed to reflecting the current membership structure on the composition of the supervisory board. The nine-member supervisory board currently consists of four representatives from the railway unions, one representative from the public sector, one representative from the private sector and three employee representatives last elected in June 2014 by the employees of Sparda-Bank München eG (in accordance with the One-Third Participation Act, see also Articles of Association of Sparda-Bank München eG, Section 24 Paragraph 1).

Since the establishment of that electoral list, the hurdles for the participation of an electoral list in the representative elections have been increased significantly by corresponding amendments to the statutes. This generated further criticism, according to which the previous majority faction in the representative assembly (electoral list of the railway workers' interest representatives) had changed the statutes by virtue of their own majority in order to maintain their own power, in order to displace other electoral lists. A change in the statutes, for example, increased the number of required supporter signatures from 150 to 2,382 per election. In addition, the minimum number of candidates to be nominated for each electoral list (requirement for an electoral list in order to be able to participate in the election of representatives) has been significantly increased compared to earlier elections.

In the election announcement for the representative elections of Sparda-Bank München eG in 2011, 17 electoral districts were formed. Each electoral list had to be signed by at least one percent of the members who were eligible to vote in the relevant constituency of the electoral list. The number of candidates (representatives and substitute representatives) to be nominated for the 2011 representative election for all 17 electoral districts was 402.

Common good report

Sparda-Bank München eG joined the Common Good Economy initiative in 2011 . The initiative aims to build an alternative economic system based on factors that promote the common good. The focus is not on monetary profit and profit, but on commitment and investments for employees, society and the environment. In 2019, Sparda-Bank Munich published its fourth public welfare balance, the Public Welfare Report 2015 to 2017 .

Natural Talent Foundation

In July 2011, Sparda-Bank München eG took over the Naturtalent Foundation charitable GmbH, which has been mainly active in Baden-Württemberg since 2005. The aim of the foundation is to recognize and promote the strengths, talents and competencies of individuals.

literature

• Wilhelm Hanseder: The Sparda Bank - From the self-help facility to the universal bank. In: Bernhard Schossig (Ed.): Under the winged wheel. Work and life on the railroad in Munich and in southern Bavaria. Book accompanying the exhibition “Under the Winged Wheel - Working and Living on the Railroad in Munich and Southern Bavaria”, June 28th – August 5th, 2001 in the Deutsches Museum; Institute for Future-Oriented History eV, Munich 2001, ISBN 3-8311-2208-3 , pp. 160–163; limited preview in Google Book search

See also

• Sparda-Bank (Germany)

Web links

• Website of the Sparda-Bank Munich
• Sparda-Bank Munich in the company database of BaFin

Individual evidence

1. ↑ ^{a b} Master data of the credit institute at the Deutsche Bundesbank
2. ↑ About us
3. ↑ ^{a b} annual reports . Website of Sparda-Bank Munich, accessed on July 3, 2019.
4. ↑ offices
5. ↑ Sparda-Bank throws out two comrades before the election . In: Merkur-Online.de , December 1, 2003, accessed on February 18, 2015.
6. ↑ die-frei-liste.org: "The supervisory board should be representative"
7. ↑ Articles of Association of Sparda-Bank München eG ( Memento of the original from September 15, 2014 in the Internet Archive ) 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. 
8. ↑ Economy for the common good at Sparda-Bank München eG . Text on the economy for the common good on the Sparda-Bank Munich website, accessed on July 3, 2019.
9. ↑ Sparda-Bank opens natural talent foundation gates to Bavaria . In: Schwäbische Zeitung , July 21, 2011, accessed on February 18, 2015.

Coordinates: 48 ° 8 ′ 28 ″  N , 11 ° 33 ′ 34.1 ″  E