Savings Banks Finance Group

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Logo of the savings banks  Savings Banks Finance Group
Country GermanyGermany Germany
Seat Berlin
legal form no
founding 1975
Business data 2018
Total assets 2,830 billion
insoles 950.3 billion
Customer credit 823.0 billion
Employee 301,650
Offices 17,530
Members 530
Board Helmut Schleweis
List of savings banks in Germany

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The Sparkassen-Finanzgruppe is an association of savings banks , public insurance companies and other financial service providers in Germany with the aim of offering all-in-one finance .


The Sparkassen-Finanzgruppe (SFG), founded in December 1975, aims to offer all customer groups all banking , insurance and other financial services within the framework of the all-finance concept through independent public finance companies on the financial markets . Allfinanz is the concept of a comprehensive and integrated satisfaction of the monetary and security needs of a customer - if possible from a single source - over all phases of life. For this purpose, the SFG has chosen the corporate relationship of the strategic alliance in the form of an association. The association is organized by the umbrella association of the German Savings Banks and Giro Association (DSGV) with offices in Berlin and Bonn . It represents the interests of the Sparkassen-Finanzgruppe on a national and international level and defines the strategic direction of the group, such as the common corporate design . The DSGV is also the legal owner of all national and international collective brands of the Sparkassen-Finanzgruppe in its capacity as a brand association .

Verbund - company

The network system forms a three-level vertical network, whereby an individual savings bank can not or may not provide certain financial services itself, but customer loyalty through other companies in the network is maintained through cooperation. Among the composite business areas of SFG are among the savings business and real estate financing , the investment business , the lease - and factoring -Business, the Metakredit and the insurance business .

The Savings Banks Finance Group represented in the visibility , as part of the three-pillar model of the German banking industry , the German savings banks and their subsidiaries and affiliates. The Sparkassen-Finanzgruppe essentially consists of the following members (as of December 31, 2018):


The financial association of the Sparkassen-Finanzgruppe comprises 530 companies with around 301,600 employees.


The German savings banks have been cutting staff for years; In the entire Sparkassen-Finanzgruppe, the number of employees has also fallen almost every year since 2004 (exception: 2007).

The following figures are taken from the business figures published by the DSGV and reflect the number of employees at the end of each year.

year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Employees of the Sparkassen-Finanzgruppe 384,000 377,000 371,000 377.443 377.229 366,500 363,000 360,300 354,500 349,500 334.200 324.200 321,600 312,800 301,650
- of which in savings banks 265,415 260,825 257.022 253,696 251,400 249,577 248.137 245,969 244,862 244.038 240.146 233,742 224,671 216.117 209,588

Financial metrics

The SFG balance sheet figures represent a voluntary aggregation of the key financial figures of all major partners.

Financial metric 2016 2017 2018
Total assets in billions of euros 1,173 1,200 1,243
Lending business in billions of euros 769 794 823
Deposit business in billions of euros 890 911 950
Net sales of securities (purchases-sales) in € billion 9.6 10.8 13.8
Tier 1 capital ratio in% 15.2 15.9 16.2
Employee 321,600 312,800 301,650
- of which in savings banks 224,671 216.117 209,588

Legal issues

As a mere association, the Sparkassen-Finanzgruppe has no legal capacity of its own . It therefore has no active or passive legitimation , but the responsible network partner must sue or be sued. It also does not form a group ( conglomerate ) because the network partners are not interlinked under group law ( e.g. as a parent company or subsidiary ); they are not affiliated companies .

The Sparkassen-Finanzgruppe has not yet been classified by the banking supervisory authority as a financial conglomerate within the meaning of Section 1 (2) FKAG . This is particularly due to the fact that the Sparkassen-Finanzgruppe is formally neither a parent company nor a holding company nor a subsidiary. Mere cooperation between insurance companies and credit institutions is characterized by the fact that the companies remain legally and economically independent, but cooperate in particular in the sales and administration sector (allfinanz in association).

An association is considered to be a business association which, according to Section 24 GWB, may set up competition rules for its association area. These determine the behavior of network partners in competition for the purpose of counteracting behavior in competition that is contrary to the principles of fair competition or the effectiveness of competitive competition and to encourage behavior in competition that corresponds to these principles.

The liability association of the Sparkassen-Finanzgruppe is officially called Institutssicherung der Sparkassen, Landesbanken and Landesbausparkassen and, in addition to the statutory deposit insurance , is a voluntary deposit insurance for savings banks , Landesbanken and Landesbausparkassen . All other network partners are expressly excluded from this. The legal basis is the “Framework Statutes for the Security System of the Savings Banks Finance Group” of May 21, 2015 (RS). According to this, the DSGV maintains a support fund as a separate component of the association's assets ("Sparkassen support fund", § 1 RS). According to Section 2 (1) RS, the Sparkasse Support Fund has the task of protecting the member savings banks themselves, in particular to guarantee their liquidity and solvency ("institutional security"). The member savings banks make contributions and payments to the savings bank support fund (Section 4 (1) RS). The membership fee is held like an insurance premium as a capital investment in the savings bank support fund, which is used to support an association partner in the event of support. The regional savings bank and giro associations ("regional associations") maintain funds to support their member savings banks ("Sparkassenstützungsfonds") in accordance with Section 30 (1) RS; these can ensure supra-regional compensation (Section 30 (2) RS). The security reserve of the Landesbanken and Girozentralen is regulated in §§ 38 ff. RS and is intended to protect the member institutions themselves, in particular to ensure their liquidity and solvency (§ 39, Paragraph 1 RS). The security fund of the Landesbausparkassen is codified in §§ 65 ff. RS. All security schemes of the Sparkassen-Finanzgruppe (savings banks support fund of the regional associations, security reserve of the Landesbanken and giro centers and security funds of the Landesbausparkassen) together form the security system in accordance with Section 92 (1) RS. An internal settlement between the three safety devices provided in § 97 RS. The German Savings Banks and Giro Association e. V. is the legal entity of the bank- related security system of the Sparkassen-Finanzgruppe recognized as a deposit protection system according to § 43 EinSiG and takes over the compensation of the depositors for the affiliated institutions in accordance with §§ 5 to 16 EinSiG and thus the task of deposit protection.

Through the EinSiG, which has been in force since May 2015, the bank security of the savings banks, Landesbanken and Landesbausparkassen is recognized by BaFin as bank security in accordance with § 43 EinSiG .

Web links

Individual evidence

  1. FINANCIAL REPORT 2018. Finanzgruppe Deutscher Sparkassen- und Giroverband, December 31, 2018, accessed on August 24, 2019 .
  2. Robert Schwebler, Allfinanz und Versicherung - a preliminary conclusion , in: Robert Schwebler (ed.), Dieter Farny and the insurance industry, 1994, p. 457
  3. cf. § 5 trademark statutes of the DSGV
  4. Gustav Adolf Schröder , The Sparkasse Association in Competition , in: Die Sparkasse (Issue 12), 1997, p. 572 ff.
  5. Hans E. Büschgen, Bankbetriebslehre: Banking transactions and bank management , 1999, p. 93
  6. a b FINANCIAL REPORT 2018. Finanzgruppe Deutscher Sparkassen- und Giroverband, December 31, 2018, accessed on August 24, 2019 .
  7. Sparkassen-Finanzgruppe in Figures 2013 ( Memento of the original from September 23, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot /
  8. Financial Group DSGV Business Figures Facts & Figures 2014
  9. Financial Group DSGV Business Figures Facts & Figures 2015
  10. Sparkassen-Finanzgruppe in figures 2016. Finanzgruppe Deutscher Sparkassen- und Giroverband, December 31, 2016, accessed on March 26, 2019 .
  11. Sparkassen-Finanzgruppe in figures 2017. Finanzgruppe Deutscher Sparkassen- und Giroverband, December 31, 2017, accessed on March 26, 2019 .
  12. DSGV, balance sheet press conference on March 6, 2019, SFG balance sheet figures
  13. ^ Deutsche Bundesbank , Monthly Report , April 1994, pp. 49/53