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Native name | Hamburger Sparkasse AG |
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Industry | Banking |
Founded | 1827 |
Headquarters | Ecke Adolphsplatz / Gr. Burstah, 20457 Hamburg , |
Website | www |
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.[1] It was founded in 1827 in the legal form of the old Hamburg law. In 2003 the bank was separated to a stock corporation and the original Hamburger Sparkasse changed its name to Haspa Finanzholding.
Haspa has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2][3]