Đang chuẩn bị nút TẢI XUỐNG, xin hãy chờ
Tải xuống
The report presents an interesting analysis concluding that there are entities within all business models that have failed during the crisis. The ESBG is of the opinion that although institutions from different natures and business models have suffered the effects of the crisis, generally speaking, the savings and retail banks’ business model has not engaged in those excessive risk taking practices– often in trading highly-complex instruments coupled with excessive reliance on short-term funding in the run-up to the financial crisis – that according to the Liikanen Report have been in the root of the financial crisis. Therefore, we consider that. | S Finanzgruppe Deutscher Sparkassen- und Giroverband Inside the Savings Banks Finance Group CONTENTS Are Savings Banks state-owned banks Savings Banks are legally and economically independent institutions. They are incorporated under public law but are not owned by governments or municipalities. -- see page 2 What is the Savings Banks market position Savings Banks are regional retail banks. They have been the most important provider of funds for small and medium-sized enterprises in Germany for many years. Savings Banks have the widest customer coverage in retail banking in Germany. see page 8 Do the Savings Banks have a corporate centre The Savings Banks Finance Group is not a consolidated group. Therefore there is no corporate centre for all Savings Banks. Each Savings Bank is responsible for its own operations and branches. see page 14 How do Savings Banks support their corporate clients internationally Savings Banks provide the full range of products and advisory services - either from their own resources or via associated companies within the Savings Banks Finance Group. In addition they use the services of their international network partners to support their clients abroad. see page 15 What would happen if a Savings Bank became insolvent Savings Banks are protected from insolvency by the Joint Liability Scheme of the Savings Banks Finance Group. The scheme ensures that Savings Banks continue to operate and that their liabilities are covered. see page 19 Savings Banks Finance Group Welcome 1 WELCOME TO THE SAVINGS BANKS FINANCE GROUP The Savings Banks Finance Group is not a consolidated group. It comprises approximately 600 independent companies with 360 000 employees making the German Savings Banks Finance Group the largest employer in the German banking market. It has an aggregate business volume of approximately EUR 3 250 billion and is particularly strong in the provision of finance for small and medium-sized enterprises. A total of 423 Savings Banks form
