Stadtsparkasse München

[1] 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.

The bank is owed by the City of Munich, head of the board is major Dieter Reiter (SPD).

It is a market leader in the private customer area in relation to main bank connections.

The Stadtsparkasse cooperates with the LBS Bayerische Landesbauparkasse, DekaBank and Versicherungskammer Bayern, etc.

[1] In 2014 it donated about 4.3 million euros for the social and cultural projects via its 6 foundations: Article contains translated text from Stadtsparkasse München on the German Wikipedia retrieved on 7 March 2017.