Sparkasse Aachen

Sparkasse Aachen
Headquarters at Friedrich-Wilhelm-Platz
Country	Germany
Seat	Friedrich-Wilhelm-Platz 1–4 52062 Aachen
legal form	Institute of public right
Bank code	390 500 00
BIC	AACS DE33 XXX
founding	1834
Association	Rhenish Savings Banks and Giro Association
Website	www.sparkasse-aachen.de
Business data 2019
Total assets	12.332 billion euros
insoles	9.142 billion euros
Customer credit	8.572 billion euros
Employee	1,791
Offices	103
management
Board of Directors	Marcel Philipp , chairman
Board	Norbert Laufs, chairman Christian Burmester, vice chairman
List of savings banks in Germany

The Sparkasse Aachen is a public-law savings bank based in Aachen . It is the thirteenth largest savings bank in Germany and the fourth largest in North Rhine-Westphalia . Your business area includes the Aachen city region .

organization structure

The Sparkasse Aachen is an institution under public law . Its legal basis is the Savings Bank Act . Its organs are the board of directors and the administrative board .

Offices

The Sparkasse has 88 branches:

• City of Aachen: 40
• City of Alsdorf: 4
• City of Baesweiler: 3
• City of Eschweiler: 6
• City of Herzogenrath: 5
• City of Monschau: 6
• Roetgen municipality: 2
• Municipality of Simmerath: 7
• City of Stolberg: 9
• City of Würselen: 5
• Mobile office with 12 stops: 1

The two head offices are located in downtown Aachen: the head office of the former Stadtsparkasse on Münsterplatz and the head office of the former Kreissparkasse on Friedrich-Wilhelm-Platz.

Bodies

The board consists of five people, with Norbert Laufs as chairman since January 2018. He first became a deputy member in 2008, was a brief member in the summer of 2009 and then deputy chairman until the end of 2017.

The board of directors has 15 members. To him belong u. a. Marcel Philipp , Lord Mayor of Aachen, Helmut Etschenberg , previously Chairman of the Board of Directors, and Ulla Thönänen .

history

The city's first savings bank began operations in the region on January 1, 1829. The city fathers' idea of ​​founding a savings bank can be dated back to at least 1823. The collection of statutes of other savings banks allows the founding idea to become a gradual realization. January 16, 1828, when the incumbent Lord Mayor drafted a draft statute, which was the basis for the approval of the city council on July 19, 1828, represented the first stage of implementation.

The district government approved the statute and asked the mayor's office to make this known to the population. The opening of the Sparkasse, which was planned for December 1, 1828, had to be postponed to New Year 1829 due to difficulties in completing printed matter. The savings bank was very successful, so the planned time limit for the savings bank up to 1834 was lifted. In the same year the Aachen Association for the Promotion of Labor also opened a savings bank based in Aachen, which, however, also operated savings and bonus funds.

This dynamic competition is followed by a decline in the savings bank's deposit portfolio. As a result of this decline and the national and social crisis of 1848, the Sparkasse ceased operations at the end of 1851.

As early as the early 50s of the 19th century, attempts were made to set up a loan fund again . But only the approval of the Prussian Ministry of the Interior on November 28, 1884, a new establishment is possible. Thus, on June 3, 1885, the newly established loan office was able to start operations. After ten years of successful business activity, the loan office can now also offer its expertise in the savings segment. As a result, the loan office became the district's loan and savings bank on February 7, 1895.

Also in the middle of the 1880s, a renewed establishment of a municipal savings bank was being considered, but only the Civil Code , which came into force in 1900 , offered the possibility to do so. The Prussian regulation that mouth money may only be deposited with state-determined cash registers was a decisive advantage for the Städtische Sparkasse compared to the Sparkasse of the Aachener Verein. On February 16, 1900, the city ordinance approved the establishment of a municipal savings bank and on August 24, 1900, a first version of the statutes was approved. This is the cornerstone for the establishment of the Städtische Sparkasse on March 26, 1901. The first financial year has been positive for the Städtische Sparkasse. At the end of 1901 the deposits amounted to over 6.3 million gold marks . After just ten years, it surpasses the Kreissparkasse founded much earlier with a deposit of 25 million marks.

The epoch of the two world wars

Kirschenhof: Seat of the Eschweiler Stadtsparkasse (1905–1942)

The outbreak of the First World War enabled the banking industry to broker war bonds. In the same year, the Stadtsparkasse began building a new commercial building on Münsterplatz. In 1918 the Kreissparkasse had 13 branches. The severe inflation of 1922/1923 led to a complete devaluation of money and savings. The savings deposits of the Stadtsparkasse amounted to 23,417 trillion gold marks, which were however reduced to 23,417 gold marks through the introduction of the Rentenmark as the new currency. The Sparkasse of the Aachener Verein, founded in 1834, was liquidated in 1923. The local savings banks in the administrative district of Aachen took over the savings bank business . To facilitate business in the border triangle, some savings banks opened money exchange offices in April 1923. In the years that followed, savings and thus the savings banks experienced a renaissance due to the revision of reparation payments and the beginning of the “ Roaring Twenties ”, which was only stopped by the New York stock market crash in 1929 . Despite the onset of the global economic crisis, the Kreissparkasse was able to open a new branch on Friedrich-Wilhelm-Platz in 1930.

Both the global economic crisis and the banking crisis made it possible for the Kreissparkasse to take over the Stadtsparkasse Stolberg on November 1, 1932. The Second World War led to a lack of consumption and investment opportunities and encouraged the population to save. On October 1, 1942, the Kreissparkasse was able to expand its branch network by taking over the Stadtsparkasse Eschweiler founded in 1905 . Thus only the Kreissparkasse Aachen and the Stadtsparkasse Aachen existed in the district area. After the end of the Second World War, the savings banks were able to resume business operations in May 1945.

Post War and Reconstruction

Headquarters at Münsterplatz in Aachen

As a result of the currency reform in 1948 and the rapid reconstruction, the economic miracle was already apparent in the 1950s. The steady economic growth and full employment lead to an increase in savings and credit business at the Sparkasse. In the following years, the branch network continued to grow. On April 1, 1958, the “ Law on Savings Banks and Giro Associations ” came into force. As a result, the savings banks issued a new statute. In 1967 a data center was set up and check cards for simplified giro traffic. Between 1967 and 1975 the Stadtsparkasse opened or took over 15 new branches. In 1975 it already operated 42 branches. With the incorporation of 7 municipalities on January 1, 1972 , some of the former branches of the Kreissparkasse were also part of the Stadtsparkasse. A mobile branch was also used to ensure a more seamless branch network.

In 1978 the Stadtsparkasse decentralized customer service. In addition, the first ATM is put into operation in the same year . 100 years after the founding of the loan office, the Kreissparkasse was able to count over half a million customer accounts in 1985 and show a balance sheet volume of DM 3.3 billion . In 1985 the Kreissparkasse owned 62 branches and occupied over 1000 jobs. The first bank statement printers date from this time.

1990 until today

On January 1, 1993, the Stadtsparkasse Aachen and the Kreissparkasse Aachen merged to form today's Sparkasse Aachen. With a balance sheet total of over DM 10 billion, the new institute was one of the largest savings banks in the Federal Republic of Germany. As of December 31, 2018, the company had 1,842 employees, 120 of whom were trainees.

In January 2017, Sparkasse Aachen was named the best bank in Germany by the German Institute for Bank Tests .

Economic development

Key data Sparkasse Aachen

	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
Balance sheet total (million euros)	9,355.1	9,119.1	9,649.5	9,240.6	9,301.1	9,546.3	9,452.5	9,826.3	10,019.3	10,141.3	10,652.6	11,108	11,298
Deposits (million euros)	7,062.2	7,169.0	7,378.4	7,256.5	7,221.7	7,211.7	7400.4	7,317.0	7,484.1	7,583.2	7,884.0	8,349	8,602
Customer loans (million euros)	5,582.1	5,664.5	5,873.7	6,038.3	6,266.9	6,557.7	6771.5	6,850.4	7,104.8	7,342.8	7,650.0	7,868	8,081
Employee	2,177	2.124	2,101	2,108	2,096	2,046	2,036	2,058	2,071	2,047	1,966	1.911	1,842

Web links

• Official website
• Sparkasse Aachen in the company database of BaFin

Individual evidence

1. ↑ ^{a b} Master data of the credit institute at the Deutsche Bundesbank
2. ↑ 175 years of Sparkasse Aachen, p. 19. In: 175 years of Sparkasse Aachen . Retrieved August 4, 2017 . 
3. ↑ 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 . 
4. ↑ Ranking list of the savings banks as of December 31, 2016
5. ↑ Imprint Sparkasse Aachen. Retrieved January 2, 2018 . 
6. ↑ Imprint - Important information at a glance - Sparkasse Aachen. Retrieved January 4, 2018 . 
7. ↑ ^{a b} Report to the Society 2016, p. 45. Retrieved on August 4, 2017 . 
8. ^ André Schaefer: Sparkasse Aachen recognized as the best bank in Germany. Aachener Zeitung, January 26, 2017, accessed on July 5, 2019 . 
9. ^ Search in the electronic Federal Gazette Sparkasse Aachen annual financial statements
10. ↑ here: deposits = liabilities to customers; Source: Electronic Federal Gazette, annual financial statements of Sparkasse Aachen

Coordinates: 50 ° 46 ′ 27 ″  N , 6 ° 5 ′ 4 ″  E