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Private company

Stadtsparkasse München

Logo: sskm.de4

Public savings bank of Munich1

Stadtsparkasse München is one of the oldest banks in Germany founded in 1824. The bank has total assets of more than 23 billion euro and is the fourth largest Sparkasse-group bank in Germany. It is an institution under the public law and the legal basis is the Savings Banks Act, Bavarian Savings Bank Regulations, and Articles of Association issued by the City Council.2 It is headquartered in Munich Altstadt.1 It employed 2,676 people in 2016.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Jan 2, 1824Founded1
  • Industryfinancial service activities, except insurance and pension funding1
  • HeadquartersMunich Altstadt1
  • Websitewww.sskm.de
  • Legal formpublic-law institution1
  • Kind of organizationPublic body1
  • LEI529900P7CWBZI0062C323
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressSparkassenstraße 2, 80331 München, Germany3
  • Registered withLocal Court München, HRA 754593

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Stadtsparkasse München, Múnich, Alemania01
Photo: Diego Delso, CC BY-SA 3.0, via Wikimedia Commons6

Stadtsparkasse München is one of the oldest banks in Germany founded in 1824. The bank has total assets of more than 23 billion euro and is the fourth largest Sparkasse-group bank in Germany.2

The story

On January 2, 1824, the Stadtsparkasse München (municipal savings bank) opened its first branch in Munich and was known as the "People's Bank". After the Second World War, it financed large parts of the reconstruction of Munich.

The bank's branches were located in drugstores and pharmacies. In 1894 there were twelve branches. In 1977 the bank had 100 and since then the number has been falling again. In 2023 there were 46.

From Wikipedia’s article on Stadtsparkasse München, shared under CC BY-SA 4.0.5

Products and brands

The Stadtsparkasse provides the universal banking business. It is a market leader in the private customer area in relation to main bank connections. Measured by the average balance sheet, it is the largest Bavarian and fifth largest German savings bank. The Stadtsparkasse cooperates with the LBS Bayerische Landesbauparkasse, DekaBank and Versicherungskammer Bayern, etc.

From Wikipedia’s article on Stadtsparkasse München, shared under CC BY-SA 4.0.5

Employees over time

  • 20162,6761

Revenue over time

As stated on Wikidata, in the currency reported.

Net income

  • 201730.6M EUR1

Timeline

  1. Jan 2, 1824Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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