Stadtsparkasse Munich

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Logo of the savings banks  Stadtsparkasse Munich
Main office (western part of the building)
Main office (western part of the building)
Country GermanyGermany Germany
Seat Sparkassenstrasse 2
80331 Munich
legal form Institute of public right
Bank code 701 500 00
Association Savings Bank Association of Bavaria
Business data 2019
Total assets 20.025 billion euros
insoles 16.405 billion euros
Customer credit 14.718 billion euros
Employee 2,623
Offices 106
Board of Directors Mayor Dieter Reiter (Chairman)
Board Ralf Fleischer (chairman);
Marlies Mirbeth,
Bernd Hochberger,
Stefan Hattenkofer
List of savings banks in Germany

The Stadtsparkasse Munich is a public institution . Legal bases are the savings bank law , the Bavarian savings order and by the carrier adopted Stadtsparkasse statutes . The organs of the Sparkasse are the board of directors and the administrative board. In terms of its total assets, Stadtsparkasse München is the largest savings bank in the Free State of Bavaria .

Business direction and business success

Stadtsparkasse München operates the universal banking business as a savings bank . According to its own information, it is the market leader in the private customer sector in terms of main bank connections in its business area . The Stadtsparkasse works together with the LBS Bayerische Landesbausparkasse , DekaBank and the Bavarian Insurance Chamber, among others . The Bayerische Landesbank assumes the role of a savings bank central bank for them .

The City of Munich is responsible for the Stadtsparkasse München.

With the six foundations she founded (customer foundation "Doing good together", children and youth foundation of the Stadtsparkasse Munich, Munich Social Foundation, cultural foundation, street art foundation, Altenhilfestiftung) and donations, the Stadtsparkasse München has around 290 social and cultural projects in 2019 alone promoted.

organization structure

In the market area, the Stadtsparkasse has 106 branches and self- service service points as well as support and competence centers for financial investments and provision, property purchase and financing, international business, insurance issues, commercial customers, foundations, self-employed in the liberal and medical professions, business start-ups and real estate investors. Stadtsparkasse München employs a total of 2,623 people.


Figure on the main office building

On January 2nd, 1824 , the “Sparkasse of the royal capital and residence city of Munich” opened its first business premises in the Angerviertel. This was the first time that many Munich residents had the opportunity to invest money securely and with interest for their own provision. This was particularly important as many workers and employees lived in shared accommodation.

The savings bank deposited the customer funds collected at the national debt repayment fund. In 1840 the deposits already amounted to 4.5 million guilders. When food prices rose sharply in the early 1940s and cholera broke out a few years later, the guilders deposited at the Sparkasse paid off for many. The increased withdrawals, however, led to liquidity problems, as the state debt repayment fund had used the funds deposited for the construction of the railroad and the buildings of King Ludwig. The repayment took place gradually until 1860.

From 1848 onwards, the Sparkasse used the newly created option to invest customer funds exclusively to grant loans to the city of Munich. In this way, public projects such as the construction of Maximilianstrasse , the Schrannenhalle or the sewer system were realized. From 1888, the Sparkasse also granted mortgage loans to private individuals.

In 1899 the Sparkasse moved into the first part of its current headquarters near Marienplatz . During this time, the Städtische Sparkasse also expanded its range of services: the securities business and cashless payment transactions - in the form of the check and transfer transactions developed by the savings banks - were introduced. In 1904, the establishment of the branch network began in parallel.

The great inflation of 1923 and the subsequent currency reform caused the deposits to shrink to around 220,000 Reichsmarks . A year later, representatives of savings banks from 28 countries launched World Savings Day , which reminds of the importance of financial provision.

In 1950 the Städtische Sparkasse had 24 branches. In the following years she expanded the branch network significantly. In addition, the Stadtsparkasse now also granted consumer loans . 1968–1971 all branches were converted to EDP and networked with one another. This made the institute one of the first banks in Europe to introduce IT . It has been called Stadtsparkasse München since 1972. She was also one of the pioneers in the banking industry in 1999 with self-service coin deposit machines that immediately credit the amount to the account, or in 2006 with an ATM for mobile use at major events. In 2017, the bank operated around 210 ATMs and cash recyclers, 220 self-service terminals, as well as coin deposit machines and coin changers in the Munich area. In 2004, Stadtsparkasse München became the first Bavarian savings bank to issue a Pfandbrief for refinancing on the capital market. Since then, it has placed three more Pfandbriefe on the market. In 2018 five branches were closed and some more were converted into pure machine locations; on the other hand, the range of telephone and online advice has been expanded.


Main office (eastern part of the building)

Stadtsparkasse owns a number of buildings in Munich, including the main office in the valley , the administrative center in Schwabing, another administrative building in Giesing, and residential and commercial buildings.

The oldest part of the main building was built by Hans Grässel from 1889 to 1899 in the neo-renaissance style. From 1906 to 1908, the city building office on Sparkassenstrasse and on the valley were built in the same style. After the Second World War, Werner Eichberg built an extension from 1956 to 1958, which continued the complex to Maderbräustraße. From 1989 to 1992, Paolo Nestler converted the inner courtyard into a glass-roofed, airy counter hall. The old counter hall was also renovated and used for customer traffic.

The administrative center in Schwabing, Ungererstraße 75 (corner of Schenkendorfstraße), was built in 1988 according to plans by Herbert Kochta .


In spring 2020, Bavarian consumer associations criticized a number of savings banks, above all Stadtsparkasse München, for having paid too little interest on premium savings contracts for years .

Web links

Commons : Stadtsparkasse München  - Collection of images, videos and audio files

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., May 4, 2020, accessed on May 4, 2020 .
  3. Branch closings: Stadtsparkasse on schedule. In: February 7, 2018, accessed February 11, 2019 .
  4. Tim Bartz: Premium savings contracts: The interest Schmu of the savings banks. In: March 6, 2020, accessed March 7, 2020 .

Coordinates: 48 ° 8 ′ 11.6 "  N , 11 ° 34 ′ 37.9"  E