Stadtsparkasse München
in Germany 🇩🇪
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About Stadtsparkasse München in Germany
Stadtsparkasse München is a public savings bank (Sparkasse) and one of the oldest financial institutions in Germany. Founded in 1824, it is the fourth-largest savings bank in the country by total assets, which exceed 23 billion euros as of 2024. The bank operates as a universal banking institution, providing comprehensive financial services to individuals, small and medium-sized enterprises, and public institutions throughout Munich and surrounding areas.
As a public-law institution, Stadtsparkasse München is owned by the City of Munich and operates under the Bavarian Savings Banks Act. It prioritizes local economic development and community prosperity over profit maximization while maintaining conservative risk management practices.