Development Bank of Saxony
Nowadays, Development Bank of Saxony has become a topic of great importance in today's society. With the advancement of technology and rapid globalization, Development Bank of Saxony has become an increasingly relevant topic of discussion in different areas. Whether in the social, political, economic or environmental sphere, Development Bank of Saxony represents a turning point that has marked a before and after in the way in which society develops. In this article, we will explore different aspects related to Development Bank of Saxony, from its impact on people's daily lives to its influence on the global landscape.
| Founded | 1991 |
|---|---|
| Headquarters | Leipzig, Saxony , Germany |
Key people | Hartmut Vorjohann (Chairman of supervisory board) and Katrin Leonhardt (Chairman of management board) |
| Total assets | €8.2 Billion |
Number of employees | 1,015 |
| Website | www.sab.sachsen.de |
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The Development Bank of Saxony (known as SAB from the German name Sächsische Aufbaubank) was founded in 1991 and is the state development institution for the state of Saxony, Germany.
Activities
The Development Bank of Saxony allocates subsidies e.g. from the European Regional Development Fund in the form of grants, sureties and loans into various sectors of the economy e.g. technology, as well as into residential and municipal construction.
In the business year 2016, the bank made over 50,000 payments and grants totalling almost 1.4 billion euro and loans of over 450 million euro.
Location
The headquarters of the Development Bank of Saxony is in Leipzig since January 2017, although the headquarters building was completed only in 2021. A branch office is retained at the former headquarter building in Dresden.
The bank also has customer centers in Leipzig, Dresden and Chemnitz and a regional office in Görlitz.
History
From 1991 until 1995 the L-Bank, the state development bank of Baden-Württemberg, operated the bank. Then on December 19, 1995 the SAB GmbH was created as a subsidiary of the L-Bank. This took up the operation on June 1, 1996. Since December 30, 2002 the SAB is a 100% subsidy of the state of Saxony.
In 2003 its legal form was changed into an Institution under Public Law (de: Anstalt des öffentlichen Rechts).
See also
References
- ^ "Seite oder Objekt nicht gefunden | Sächsische AufbauBank (SAB)".
- ^ "SAB legt Geschäftsbericht 2016 vor". Archived from the original on 2017-10-20. Retrieved 2017-10-20.
- ^ "Sächsische Aufbaubank startet spektakulären Neubau in diesem Jahr".
- ^ "Droht dem Leipziger SAB-Neubau das selbe Schicksal wie dem BER?".
- ^ "Kosten für SAB-Neubau in Leipzig steigen – Zastrow spricht von Steuergeldverschwendung".
- ^ "Standortsuche | Sächsische AufbauBank (SAB)".
- ^ "Seite oder Objekt nicht gefunden | Sächsische AufbauBank (SAB)".
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