About us
With 19,927 bn Euro total assets in 2022, Sparkasse Hannover is one of the top ten among the more than 300 German Savings Banks.
Considering Moody's Corporate Family Rating of Aa2 we belong to the best rated banks in the country.
Savings Banks are institutions governed by public law, which are answerable to their municipalities. The institutions of the Savings Banks Finance Group not only cooperate closely in the market, Savings Banks, Landesbanken and central building societies also support one another by means of a joint liability scheme.
This joint liability scheme is an important factor in the stability of the German banking sector. It secures the continued existence of the institutions and, as a result, protects customer deposits without limit as to amount.
Rating
Credit Ratings of the Savings Banks Finance Group
The rating agency Moody's, the Canadian rating agency DBRS and Fitch confirm the international competitiveness of the Savings Banks Finance Group. The basis for the good results are:
- long-established franchise in Germany's retail banking market
- stable profitability and funding structure as well as sound capitalisation
- sound diversification of risks within the Group using fully developed risk management instruments
- the "Sparkasse" trade name
- the high level of co-operation within the Savings Banks Finance Group.
All ratings fully apply to Sparkasse Hannover as member of the Savings Banks Finance Group.
Please find the credit ratings of the Savings Banks Finance Group via the following link.
Financial Report
| In millions of Euros / Number of | 2022 | 2021 | 2020 |
|---|---|---|---|
| Balance sheet total | 19,927 | 20,404 | 18,520 |
| Volume of Business | 20,737 | 21,267 | 19,468 |
| Customer loans | 14,784 | 13,921 | 13,218 |
| Liabilities to non-banks | 15,171 | 14,963 | 13,908 |
| Net interest income | 268 | 233 | 238 |
| Net commission income | 113 | 111 | 114 |
| Administrative expences | 238 | 231 | 225 |
| Earnings before valuation (DBS) | 140.9 (-0.69 %) |
114.9 (0.59 %) |
128.4 (0.74 %) |
| Taxes on income | -5 | 36 | 34 |
| Net income for the year after taxes | 20 | 20 | 20 |
| Core capital ratio | 12.7 | 12.4 | 12.3 |
| Cost-income ratio | 63.3 | 66.9 | 63.6 |
| Number of employees | 1,744 | 1,708 | 1,666 |
| Number of employees within the Sparkasse Hannover Group |
2,200 | 2,214 | 2,188 |
Anti-Money Laundering / Compliance
Sparkasse Hannover is supervised by the German Federal Financial Supervisory Authority (BaFin). All our policies, procedures and controls are in accordance with FATF standards.
Anti-Money Laundering Statement The Wolfsberg Group Anti-Money Laundering Questionnaire USA Patriot Act (Certification Regarding Correspondent Accounts For Foreign Banks) |
Our understanding of compliance (german information)
