Steyler Bank Overview and Product Information

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Steyler Bank is a German bank that offers a range of financial services to its customers.

The bank was founded in 1864 and is headquartered in Steyr, Austria.

Steyler Bank provides a variety of banking products, including current accounts, savings accounts, and loans.

Their current accounts come with features like debit cards and online banking, making it easy to manage your finances.

Customers and Services

The Steyler Bank has a diverse customer base, with only about 25% of its 16,000 customers coming from the metropolitan area of Cologne/Bonn.

Most of the bank's customers are located in the southern German area, which suggests a strong presence in this region.

The bank is also active internationally, catering to customers beyond Germany's borders.

To be a customer, you don't need to be Catholic, live in the Archdiocese of Cologne, or work for a church sponsor.

This makes the Steyler Bank stand out from similar church banks of other denominations, offering a more inclusive approach to banking.

Financial Information

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Steyler Bank offers a range of financial services, including checking accounts, savings accounts, and loans.

Their checking accounts have no monthly maintenance fees, making it a great option for individuals who want to avoid unnecessary charges.

Steyler Bank's savings accounts earn a competitive interest rate, allowing customers to grow their savings over time.

The bank's loan options include personal loans, mortgages, and business loans, catering to various financial needs.

Steyler Bank's financial services are designed to be convenient and accessible, with online banking and mobile banking apps available for customers to manage their accounts on the go.

Profit

The Steyler Bank managed client assets of €409.4 million in 2012.

This is a significant amount of money, and it's impressive that the bank was able to generate a profit after tax of €0.32 million that year.

The bank was able to pass on €3.37 million to the Steyler mission, which supports numerous aid projects in 70 countries around the world.

Gewinnverwendung

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The Steyler Bank's profit utilization is quite impressive. In 2012, the bank managed a customer wealth of 409.4 million euros and earned a net profit of 0.32 million euros.

This profit, combined with interest and capital donations from customers, enabled the bank to transfer 3.37 million euros to the Steyler Mission, which supported numerous aid projects in 70 countries around the world.

The bank's profit utilization has taken a significant downturn in recent years. The bank's net profit in 2017 was a mere 36,000 euros.

This drastic decline in profit is reflected in the bank's capital return, which was a mere 0.013% in 2017, based on a net profit of 0.036 million euros and a balance sheet total of 288.9 million euros.

Securities

The Steyler Bank has been offering a range of securities options since 2012. They have two separate funds, a stock fund and a pension fund, with the latter being a sustainability fund in partnership with M.M.Warburg & CO.

Additional reading: M Banking

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Their stock fund contains investments in companies that may have raised some controversy, but the bank keeps a watchlist to monitor these investments. The bank owns a significant 18% stake in the €15 million equity fund itself, with €2.5 million in fund shares as of June 30, 2013.

Customers of the Steyler Bank can also invest in securities from other companies that meet specific social, cultural, and environmental criteria.

Deposits and Guarantees

At Steyler Bank, your deposits are protected by a deposit guarantee scheme. This means that your deposits are covered up to 100,000 EUR (or equivalent in local currency) per bank per depositor.

Steyler Bank is a member of the deposit insurance fund of the Bundesverband deutscher Banken, which is a reputable organization that ensures the stability of the German banking system.

This deposit guarantee scheme applies to all deposit accounts made by natural persons and legal entities, providing peace of mind for individuals and businesses alike.

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If you're considering opening a deposit account at Steyler Bank, rest assured that your funds are protected up to 100,000 EUR.

Here are some key points about Steyler Bank's deposit guarantee scheme:

  • Banks of Germany
  • Catholic Church and finance
  • Private banks
  • 1964 establishments in West Germany
  • German companies established in 1964
  • Companies based in North Rhine-Westphalia

Products and Rates

Steyler Bank GmbH offers a variety of products to suit different needs. They have 3 deposits and 1 savings account in EUR.

You can choose from fixed deposits with different interest rates and terms. The interest rates for fixed deposits in EUR in Germany are 1.5% for 0 months, 1.6% for 6 months, and 1.8% for 12 months.

Steyler Bank pays marketable and usual interest rates. This means you can expect a decent return on your investment.

Here's a breakdown of the fixed deposits offered by Steyler Bank GmbH:

The customer decides whether a certain percentage of their interest will be made available to the Steyler mission's projects.

BLZ Code: 38621500

The BLZ Code 38621500 is a unique identifier for Steyler Bank, which is a German bank that offers a range of financial services.

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Steyler Bank's BLZ Code is 38621500, and it's used to identify the bank's location in Germany.

Steyler Bank has a strong presence in Germany, with a network of branches and ATMs across the country.

The BLZ Code 38621500 is a crucial piece of information for customers who want to make transactions or manage their accounts online.

Steyler Bank's online banking platform allows customers to access their accounts, transfer funds, and pay bills using their BLZ Code and account number.

By using the BLZ Code 38621500, customers can easily identify Steyler Bank as their financial institution and complete their transactions securely.

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Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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