Abstract
By passing the “Act to Restructure the Saxon Savings Banks and Landesbank Sachsen including Sächsische Aufbaubank” in March 1999, the state of Saxony has embarked on a new route to further develop the traditional public owned savings bank system in the light of proven principles and adapt it according tocurrent technical and economic challenges. Saxony has traditionally played a key role in the history of Germany’s public-law banks and the savings bank system in particular. Some of the early milestones in this development include:
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1826 establishment of the savings bank in Leipzig
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1908 establishment of the first regional association of savings banks
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1909 establishment of the first German clearinghouse for savings banks
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References
Milbradt, Georg (1999), Sächsische Verbundlösung — Konzept für eine sichere Zukunft in Sachsen, in: Wertpapier-Mitteilungen, p. 1164 ff.
Milbradt, Georg (1999), Sachsens Antwort auf die Sparkassenfrage, in: Börsen-Zeitung April 10, 1999.
Milbradt, Georg (1999), Ein systemverträglicher Weg zur Sparkassen-Neuordnung, in: Börsen-Zeitung March 11, 1999.
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© 2000 Springer-Verlag Berlin Heidelberg
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Milbradt, G. (2000). The Saxon savings banks association. In: Karmann, A. (eds) Financial Structure and Stability. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57674-4_17
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DOI: https://doi.org/10.1007/978-3-642-57674-4_17
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