Sparkasse zu Lübeck Finanzen und Wirtschaft

Sparkasse zu Lübeck Finanzen und Wirtschaft is a vital part of the city's financial landscape.

The Sparkasse zu Lübeck is a traditional German savings bank that has been serving the local community for over 800 years, making it one of the oldest banks in the world.

It offers a wide range of financial services, including current accounts, savings accounts, loans, and investments, making it a one-stop-shop for all your financial needs.

The bank's focus on local economic development has led to the creation of over 10,000 jobs in the region, contributing significantly to the local economy.

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The Sparkasse zu Lübeck was founded in 1817 under the name "Spar- und Anleih-Kasse" as a dependent institution of the society for the promotion of charitable activity.

Its first business day was June 12, 1817, and it was held in the now-defunct orphanage near the Lübeck Cathedral. The core task of the new bank was to give the city and its inhabitants an opportunity to secure the return on their savings or their purchases safely and affordably.

The bank's deposits were lent mostly as mortgage loans, and it acted as a capital collection point for the city. The first move was in 1825, when the savings bank moved from the orphanage to a new premise at Breite Straße 16.

The bank's name changed to Sparkasse zu Lübeck in 1958, after it took over the Sparkasse in Travemünde in 1937. The bank's operations were spun off from the foundation in 2004 and transferred to a public limited company, today's Sparkasse zu Lübeck AG.

The foundation that had once supported the Sparkasse became a nonprofit organization, the Gemeinnützige Sparkassenstiftung zu Lübeck, holding the majority in the Sparkasse zu Lübeck AG with 74%.

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The Sparkasse zu Lübeck AG operates as a universal banking business in its business area, cooperating with various institutions such as LBS Bausparkasse Schleswig-Holstein-Hamburg AG and Provinzial NordWest.

This savings bank has a history of innovation, introducing new products that set a precedent for others. For instance, in 1985, it was the first savings bank in Schleswig-Holstein to issue listed bearer bonds.

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The Sparkasse zu Lübeck has a strong network of partnerships, working with well-established institutions like HSH Nordbank and DekaBank. These collaborations enable it to offer a wide range of financial services to its customers.

One notable example of its pioneering spirit is the introduction of debentures in 2004, making it the first savings bank in the federal territory to do so.

Here's a list of some of the institutions it cooperates with:

The Sparkasse zu Lübeck has its strengths and weaknesses. Some customers appreciate the friendly and correct service of their firmenberaterin, who is always willing to help in short-term emergencies.

The bank's online banking system is also praised for being very user-friendly. You can access it from anywhere, which is convenient.

However, some customers have experienced a lack of personal touch in their dealings with the bank. They feel that the cooperation is not very partnership-like, with no follow-up calls or personal updates.

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The bank's policies can also be a drawback. For example, customers who don't live in Lübeck may find it inconvenient to deal with the bank, especially if they need to visit a branch.

On the other hand, some customers have been loyal to the Sparkasse zu Lübeck despite living far away. They appreciate the familiarity of their customer advisor and the convenience of having a Sparkassenautomat nearby.

The bank's policies can also affect customer satisfaction. For instance, a customer who had their account with the bank for over 2 years was disappointed when the bank increased the kontogebühren, leading them to close their account.

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