Sparkasse Erzgebirge

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Sparkasse Erzgebirge

logo
legal form Public institution
founding July 1, 2004
resolution January 1, 2012
Reason for dissolution fusion
Seat Annaberg-Buchholz
management Roland Manz, Silvia Schletter, Heike Smolinski
Number of employees 539 (including 33 trainees)
Status: 2010

The Sparkasse Erzgebirge was a public-law savings bank based in Annaberg-Buchholz ( Saxony ). On January 1, 2012, it merged with the Sparkasse Mittleres Erzgebirge and the Kreissparkasse Aue-Schwarzenberg to form the Erzgebirgssparkasse .

history

On October 1, 1855, the oldest predecessor institution of the Sparkasse Erzgebirge was founded: the Sparkasse zu Stollberg . Since then, more city or community savings banks have been opened in the Western Ore Mountains region. In December 1943, by order of the then Reich Ministry of Economics, these were merged at district level to form district savings and giro banks .

In 1990, when the GDR joined the Federal Republic of Germany, the relationship between savings banks and their guarantors was reorganized. The states returned to the administrative structure and the districts of Annaberg and Stollberg belonged to the newly formed state of Saxony.

Many savings banks and their players were given new tasks. The introduction of the D-Mark was carried out almost exclusively by the savings banks, such as the then Kreissparkasse Annaberg and the Kreissparkasse Stollberg. Now z. For example, the district administrators also have a new task: the administrative chairmanship of the respective district savings banks.

Another change in the savings bank landscape took place on July 1, 2004 with the merger of the district savings banks Annaberg and Stollberg to form Sparkasse Erzgebirge.

On January 1, 2012, the Sparkasse Mittleres Erzgebirge , the Sparkasse Erzgebirge and the Kreissparkasse Aue-Schwarzenberg merged to form the Erzgebirgssparkasse . With this merger, the balance sheet total rose to a total of 4.6 billion euros, making the Erzgebirgssparkasse the third largest savings bank in Saxony and the fourth largest in eastern Germany. The merger of the three savings banks took place four years after the formation of the Erzgebirgskreis as a result of the Saxon district reform in 2008 .

Business area

The business area comprised the area of ​​the former districts of Annaberg and Stollberg in the southwest of the Free State of Saxony. The business area of ​​the Erzgebirgssparkasse, after the merger, encompasses the entire Erzgebirgskreis.

organization structure

As an institution under public law, the Sparkasse Erzgebirge was subject to the legal bases of the Savings Banks Act (law on public credit institutions in the Free State of Saxony and the Saxony Finance Group), the Savings Bank Ordinance of Saxony, the statutes of the Sparkasse Erzgebirge and the statutes of the Saxony Finance Group.

The organs of the establishment were the board of directors and the administrative board. The Sparkasse Erzgebirge was 100 percent owned by the Sachsen-Finanzgruppe and thus, along with six other Saxon savings banks, owned the capital of the group: the participating Saxon municipalities. It was a member of the East German Savings Bank Association and through this affiliated to the German Savings Banks and Giro Association.

The Sparkasse Erzgebirge was involved in the following institutions, among others:

  • STG Transaktionsgesellschaft Ost mbH Erzgebirge (subsidiary)
  • East German Savings Bank Association
  • Investment company of the savings banks of the Free State of Saxony mbH
  • Deutsche Sparkassen Leasing AG & Co. KG
  • Sparkassen-Kapitalbeteiligungs-Fonds Erzgebirge GmbH

Individual evidence

  1. Michael Czupalla : The savings banks as part of local self-government in Saxony, pages 373-86 in: The history of local politics in Saxony, Renate Koch / Herbert Wagner, Dresden, 2006.