Stadtsparkasse München

Stadtsparkasse München

Industry	Bank
Founded	1824
Headquarters	Sparkassenstr.2, D-80331 Munich , Germany
Net income	30,639,473.02 Euro (2017)
Total assets	17,982,937,263.11 Euro (2017)
Number of employees	2,676 (2016)
Website	www.sskm.de

Stadtsparkasse München is one of the oldest banks in Germany founded in 1824.

It is an institution under the public law and the legal basis is the Savings Banks Act, Bavarian Savings Bank Regulations, and Articles of Association issued by the City Council.

Services

The Stadtsparkasse provides the universal banking business. It is a market leader in the private customer area in relation to main bank connections. Measured by the average balance sheet, it is the largest Bavarian and fifth largest German savings bank. The Stadtsparkasse cooperates with the LBS Bayerische Landesbauparkasse, DekaBank and Versicherungskammer Bayern, etc.

Charity

In 2014 it donated about 4.3 million euros for the social and cultural projects via its 6 foundations:

• Kundenstiftung "Gemeinsam Gutes tun"
• Kinder- und Jugendstiftung der Stadtsparkasse München
• Stiftung Soziales München
• Kulturstiftung
• Stiftung Straßenkunst
• Altenhilfestiftung.

References

Article contains translated text from Stadtsparkasse München on the German Wikipedia retrieved on 7 March 2017.

External links

• Homepage