The Sparkasse Mittelholstein is a

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

Sparkassen-Finanzgruppe The ''Sparkassen-Finanzgruppe'' ("Savings Banks Financial Group") is a network of public banks that together form the largest financial services group in Germany and Europe by assets. Its name refers to local government-controlled savings banks ...

that is based in

Rendsburg Rendsburg (, also ''Rensborg'', , also ''Rensborg'') is a town on the Eider (river), River Eider and the Kiel Canal in the central part of Schleswig-Holstein, Germany. It is the capital of the ''Kreis'' (district) of Rendsburg-Eckernfoerde, Rends ...

. It is one of five free public savings banks in

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

. The Sparkasse Mittelholstein operates a

universal bank A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service ...

ing business. , according to the savings bank rankings, it is ranked 142nd in terms of total assets. It had 26 branches/self-service locations and 480 employees.

History

The Sparkasse Mittelholstein was created in 1823 under the name ''Spar- und Leih-Kasse in Rendsburg'' as a foundation savings bank. The foundation's capital was 1,500 ''Mark courant''. The founder was Johann Georg Röhling. In 1847, another predecessor institute was founded, the ''Spar- und Leihcasse in Nortorf''. In 1979 it merged with the ''Verbandssparkasse Nortorf'' to create ''Sparkasse Nortorf''. In 1862, the ''Hademarscher Spar- und Leihcasse - Verein'', the third predecessor institute was created. It was converted in 1899 into a public limited company and thus forms the origin of the present form of the company. In 1973, the ''Hademarscher Spar- und Leihcasse AG'' merged with the ''Kirchspiel Spar- und Leihkasse zu Hanerau'' to Sparkasse ''Hanerau-Hademarschen AG''. This was the first savings bank as a joint-stock company in the Federal Republic of Germany. The current institute was founded in 1991. In 2007, the takeover of the public legally ''Sparkasse Büdelsdorf'' took place. The city

Büdelsdorf Büdelsdorf () is a town in the district of Rendsburg-Eckernförde, in Schleswig-Holstein, Germany. It is situated on the river Eider and the Kiel Canal, approx. north of Rendsburg, and west of Kiel, just off the motorway. History The earlie ...

, as a sponsor of the former ''Sparkasse Büdelsdorf'', received in return shares of the Sparkasse Mittelholstein AG and has since participated in their share capital. On 1 July 2017, retroactively to 1 January 2017, the Sparkasse Mittelholstein merged with ''Sparkasse Hennstedt-Wesselburen''.

Organization structure

The Sparkasse Mittelholstein is a savings bank in

Schleswig-Holstein Schleswig-Holstein (; ; ; ; ; occasionally in English ''Sleswick-Holsatia'') is the Northern Germany, northernmost of the 16 states of Germany, comprising most of the historical Duchy of Holstein and the southern part of the former Duchy of S ...

. Since 1991 it has been a

Joint-stock company A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...

registered in the

German Trade Register A German Commercial Register (, ) is a public company register that contains details of all tradespeople and legal entities in the district of the registrar, which is generally the Amtsgericht (local district court) of the place where the '' Landge ...

Kiel Kiel ( ; ) is the capital and most populous city in the northern Germany, German state of Schleswig-Holstein. With a population of around 250,000, it is Germany's largest city on the Baltic Sea. It is located on the Kieler Förde inlet of the Ba ...

. The legal basis for the ''Sparkasse'' is essentially the '' Kreditwesengesetz'' (KWG) and the Savings Banks Act for

. The bodies of the ''Sparkasse'' are the

Annual General Meeting An annual general meeting (AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. These meetings may be required ...

, the Supervisory Board and the

Management Board Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a government bodies through business administration, nonprofit management, or the political science sub-field of public administr ...

. , the share capital of the Sparkasse Mittelholstein AG is held by the following shareholders: * Haspa Finanzholding – 51,45 % * ''Zweckverband der Sparkasse Hennstedt-Wesselburen'' - 20,28 % * ''Stiftung Spar- und Leih-Kasse in Rendsburg'' – 13,37 % * Private shareholders and employees – 6,77 % * ''Stadt Büdelsdorf'' – 5,14 % * ''Zweckverband Sparkasse Mittelholstein'' – 1,69 % * ''Stadt Rendsburg'' – 1,30 %

Business partners

The Sparkasse works together with the following partners in the network business: *

DekaBank (Germany) DekaBank Deutsche Girozentrale is the central provider of asset management and capital market solutions of the Sparkassen-Finanzgruppe, a network of public banks that together form the largest financial services group in Germany and in all of Eur ...

* ''

Deutsche Leasing Deutsche Leasing AG (DL) is a manufacturer-independent leasing company in Germany. Since 1987, the company has had its headquarters in Bad Homburg vor der Höhe and is the main leasing partner for the Sparkassen-Finanzgruppe. Shares are held by a ...

AG'' * ''

Hamburger Sparkasse Hamburger Sparkasse AG (Haspa) is one of 5 free public savings banks in Germany based in Hamburg. With a balance sheet total of around 41.9 billion euros and about 5,000 employees, it is the largest savings bank in Germany. It was founded in 182 ...

AG'' * ''

HSH Nordbank Hamburg Commercial Bank (formerly HSH Nordbank) is a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany. It is active in corporate and private banking. Considered to be the world’s largest provider of maritim ...

'' AG * ''LBS Bausparkasse Schleswig-Holstein-Hamburg AG'' * ''MSH – Mittelstandsfonds Schleswig-Holstein'' * ''

Norddeutsche Landesbank The Norddeutsche Landesbank Girozentrale (abbreviated NORD/LB) is a German Landesbank and one of the largest commercial banks in Germany. It is a public corporation majority-owned by the federal states of Lower Saxony and Saxony-Anhalt with its he ...

'' * PLUSCARD a service company for credit card processing mbH Mastercard and VisaCard * Provinzial NordWest * S-Broker *

* UKV, a company of the ''Versicherungskammer Bayern'' (VKB)

References

External links

Official Website
{{coord, 54.303241, 9.667513, region:DE-SH_type:landmark, display=title Banks of Germany Corporate finance 1991 establishments in Germany Sparkassen-Finanzgruppe