Sparkasse Ulm

from Wikipedia, the free encyclopedia
Logo of the savings banks  Sparkasse Ulm
Neue Mitte Ulm Sparkasse Stephan Braunfels.jpg
Country GermanyGermany Germany
Seat Ulm
legal form Institute of public right
Bank code 630 500 00
BIC SOLA DES1 ULM
founding 1953
Association Sparkassenverband Baden-Württemberg
Website www.sparkasse-ulm.de
Business data 2019
Total assets 6.588 billion euros
insoles 4.972 billion euros
Customer credit 4.192 billion euros
Employee 1.005
Offices 71
management
Board of Directors Lord Mayor Gunter Czisch (Chairman)
Board Stefan Bill (Chairman)
Wolfgang Hach, Ulrich Heisele
List of savings banks in Germany

The Sparkasse Ulm is a public credit institute based in Ulm in Baden-Württemberg . Its business area extends to the Alb-Danube district and the city of Ulm .

Business figures

Sparkasse Ulm reported total assets of 6.588 billion euros in the 2019 financial year and customer deposits of 4.972 billion euros. According to the 2019 Sparkasse Ranking List, it ranks 45th in terms of total assets. It has 71 branches / self-service locations and employs 1,005 people.

history

In 1953, the Kreissparkasse Ulm (founded in 1847) merged with the Stadtsparkasse Ulm (founded in 1906) to form the District and Stadtsparkasse Ulm. In 1973 the Kreis- und Stadtsparkasse Ulm merged with the Kreissparkasse Ehingen to form the Sparkasse Ulm.

criticism

In 2013, the Sparkasse Ulm was reported across Germany. The reason for this is the questionable approach to the “Scala” savings deposits. The installment savings contracts, which have a long term of 25 years, were concluded between 1993 and 2005. The saver receives gradually more interest over the term. In the low interest rate environment of 2013, the contracts were particularly profitable for savers. The Sparkasse Ulm therefore tried to persuade customers to terminate the contracts. The savings bank offered shorter alternative investments. There was then a court hearing as to whether the Sparkasse had the right to terminate the Scala contracts. In addition, the Sparkasse Ulm refused the Scala owners to adjust their monthly rate. In February 2015, the Sparkasse Ulm appealed against a judgment of the Ulm Regional Court , in which it was established that there was no ordinary right of termination and that the Sparkasse had to carry out the rate adjustment in accordance with the contract. The Stuttgart Higher Regional Court rejected the appeal. The Sparkasse appealed against this to the Federal Court of Justice . Subsequently, the Sparkasse concluded with the more than 60 savers who had filed lawsuits, but then settled and withdrew the revision.

Web links

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. ↑ 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. ^ Dossier "The Scala contracts of the Sparkasse Ulm". (No longer available online.) Südwest Presse, archived from the original on September 24, 2015 ; Retrieved December 3, 2015 . 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. @1@ 2Template: Webachiv / IABot / www.swp.de
  5. ^ Judgment of the Ulm Regional Court. (PDF) January 26, 2015, accessed on March 12, 2018 .
  6. ^ Scala contracts: Sparkasse Ulm appeals. Südwest Presse, February 28, 2015, accessed December 3, 2015 .
  7. ^ Judgment of the Higher Regional Court of Stuttgart. (PDF) September 23, 2015, accessed on March 12, 2018 .
  8. ↑ Sparkasse loses again in court. Handelsblatt, September 23, 2015, accessed on December 3, 2015 .
  9. ↑ Ulmer Sparkasse appeals to the Scala dispute. Südwest Presse, October 16, 2015, accessed December 3, 2015 .
  10. ↑ SCALA NEWS - Chronology of the litigation. February 5, 2016, accessed April 18, 2018 .

Coordinates: 48 ° 23 '50.5 "  N , 9 ° 59' 34.2"  E