Saxon construction bank
| Saxon Development Bank - Development Bank - | |
|---|---|
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| Country |
 Germany
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| Seat | Leipzig |
| legal form | Institute of public right |
| Bank code | 850 105 00 |
| BIC | SABD DE81 XXX |
| founding | 1991 |
| Website | www.sab.sachsen.de |
| Business data 2018 | |
| Total assets | EUR 7.5 billion |
| management | |
| Board of Directors | Hartmut Vorjohann (Chairman) |
| Board | Katrin Leonhardt (chairwoman); Ronald Kothe |
The Sächsische Aufbaubank - Förderbank - , SAB for short , was founded in 1991 and is the state funding institute of the Free State of Saxony . The Free State of Saxony has assumed the guarantor liability and the institutional burden .
The SAB is a credit institute in the legal form of an establishment under public law, the mandate of which is defined by the law establishing the Sächsische Aufbaubank - Förderbank - (FördbankG). By implementing funding measures, the SAB supports the Free State in fulfilling its public tasks.
The SAB grants funding for the areas of housing, economy, infrastructure and community, education and social issues as well as the environment and agriculture in the form of grants and loans as well as guarantees .
history
Until 1995 the L-Bank , the development institute of the state of Baden-Württemberg, took over the business operations. On December 19, 1995, SAB GmbH was established as a subsidiary of L-Bank. It started operations on June 1, 1996. SAB has been a 100 percent subsidiary of the Free State of Saxony since the end of 2002. In 2003 it was converted into an institution under public law. In 2006 Stefan Weber took over the chairmanship of the board.
SAB currently has 1,000 active employees and two board members.
In 2018, the SAB granted 28,107 grants, loans and guarantees in the form of EUR 1,675.5 million.
The SAB provided services as part of the Corona Federal Emergency Aid for companies based in Saxony. Since March 2020, the bank has processed over 100,000 applications with a volume of 1.42 billion euros.
On July 1, 2020, Katrin Leonhardt took over the chairmanship of SAB from Stefan Weber.
Locations
With the law on the reorganization of administrative and judicial locations of the Free State of Saxony (Saxon Location Act - SächsStOG of January 27, 2012), a concept for the future structure of authorities in the Free State of Saxony was adopted. Part of this structural policy-based concept is the relocation of the SAB's headquarters from Dresden to Leipzig in order to strengthen the local financial sector and banking location.
SAB currently has two locations in Dresden , one customer center each in Leipzig and Chemnitz and a regional office in Görlitz .
On the 10,000 m² area of the former Robotron building at Gerberstrasse 3 - 5 in Leipzig, a new building is being built for the bank's headquarters following an international architectural competition. Since January 1, 2017, the headquarters of the SAB has been in Leipzig, but the business address is initially still Dresden.
Major holdings
- SBG - Sächsische Beteiligungsgesellschaft mbH
- SSW - Sächsisches Staatsweingut GmbH Schloss-Wackerbarth
- SLS - Sächsische Landsiedlung GmbH
- SAENA GmbH - Saxon Energy Agency
- BBS - Bürgschaftsbank Sachsen GmbH
- MBG - Mittelstandsische Beteiligungsgesellschaft mbH
- EIF - European Investment Fund
- PD - Public Sector Consultant
- HHL gGmbH - Leipzig Graduate School of Management
- Smart Infrastructure Ventures Fund GmbH & Co. KG
- WMS III - Mittelstand Sachsen III GmbH & Co. KG growth fund
Web links
- Saxon Aufbaubank - development bank
- Sächsische Aufbaubank in the BaFin company database
- Master data at the Deutsche Bundesbank
Individual evidence
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ https://sab-geschaeftsbericht.de/
- ↑ Sächsische Aufbaubank starts spectacular new building this year. Retrieved August 29, 2019 .
- ↑ sab.sachsen.de
- ↑ Imprint | Saxon Construction Bank (SAB). Retrieved August 29, 2019 .
Coordinates: 51 ° 2 ′ 48.3 " N , 13 ° 44 ′ 57.4" E