In its capacity as a savings bank, Sparkasse Essen offers a full range of banking services. Sparkasse Essen is the leading provider of retail banking and corporate banking services in Essen. Total assets of more than EUR 9,8 billion make Sparkasse Essen the eighth biggest savings bank in North Rhine-Westphalia and place it among the top thirty savings banks in the nationwide savings banks rankings published by DSGV, the German Savings Banks Association.

Moody`s and DBRS Rating of German Savings Banks

The Savings Banks Finance Group has been assigned a Corporate Family Rating of Aa2 from Moody’s Investors Service and a Floor Rating of A (high) from DBRS for all members of its joint liability scheme - in particular for the savings banks, Landesbanken and central building societies.

Moody’s Corporate Family Rating represents a financial strength assessment of the entire Savings Banks Finance Group. In the case of individual institution ratings, the assessment cannot fall more than two notches below the Corporate Family Rating.

DBRS’ Floor Rating signifies a creditworthiness of all Group members of at least A (high). No member of the Savings Banks Finance Group’s joint liability scheme can fall below this assessment level.

For more details please see the explanations provided by DSGV, the German Savings Banks Association.