The Development Bank of Saxony (known as SAB from the German name Sächsische Aufbaubank) was founded in 1991[1] and is the state development institution for the state of Saxony, Germany.
Headquarters building of the Sächsische Aufbau Bank (Development Bank of Saxony) in Leipzig shortly after completion in 2021Former headquarters of the SAB in Dresden
The Development Bank of Saxony allocates subsidies e.g. from the European Regional Development Fund in the form of grants, sureties and loans into various sectors of the economy e.g. technology, as well as into residential and municipal construction.
In the business year 2016, the bank made over 50,000 payments and grants totalling almost 1.4 billion euro and loans of over 450 million euro.[2]
Street view of the headquarters building of the Sächsische Aufbau Bank (Development Bank of Saxony) shortly after completion in 2021
Locationedit
The headquarters of the Development Bank of Saxony is in Leipzig since January 2017, although the headquarters building was completed only in 2021.[3][4][5] A branch office will be kept at the former headquarter building in Dresden.
The bank also has customer centers in Leipzig, Dresden and Chemnitz and a regional office in Görlitz.[6]
Historyedit
From 1991 until 1995 the L-Bank, the state development bank of Baden-Württemberg, operated the bank. Then on December 19, 1995 the SAB GmbH was created as a subsidiary of the L-Bank. This took up the operation on June 1, 1996. Since December 30, 2002 the SAB is a 100% subsidy of the state of Saxony.[7]
In 2003 its legal form was changed into an Institution under Public Law (de: Anstalt des öffentlichen Rechts).
Referencesedit
^"Seite oder Objekt nicht gefunden | Sächsische AufbauBank (SAB)".
^. Archived from the original on 2017-10-20. Retrieved 2017-10-20.
^"Sächsische Aufbaubank startet spektakulären Neubau in diesem Jahr".
^"Droht dem Leipziger SAB-Neubau das selbe Schicksal wie dem BER?".
^"Kosten für SAB-Neubau in Leipzig steigen – Zastrow spricht von Steuergeldverschwendung".
development, bank, saxony, known, from, german, name, sächsische, aufbaubank, founded, 1991, state, development, institution, state, saxony, germany, founded1991headquartersleipzig, saxony, germanykey, peoplegeorg, unland, chairman, supervisory, board, stefan,. The Development Bank of Saxony known as SAB from the German name Sachsische Aufbaubank was founded in 1991 1 and is the state development institution for the state of Saxony Germany Development Bank of SaxonyFounded1991HeadquartersLeipzig Saxony GermanyKey peopleGeorg Unland Chairman of supervisory board and Stefan Weber Chairman of management board Total assets 8 2 BillionNumber of employees1 015Websitewww sab sachsen deHeadquarters building of the Sachsische Aufbau Bank Development Bank of Saxony in Leipzig shortly after completion in 2021Former headquarters of the SAB in Dresden Contents 1 Activities 2 Location 3 History 4 ReferencesActivities editThe Development Bank of Saxony allocates subsidies e g from the European Regional Development Fund in the form of grants sureties and loans into various sectors of the economy e g technology as well as into residential and municipal construction In the business year 2016 the bank made over 50 000 payments and grants totalling almost 1 4 billion euro and loans of over 450 million euro 2 nbsp Street view of the headquarters building of the Sachsische Aufbau Bank Development Bank of Saxony shortly after completion in 2021Location editThe headquarters of the Development Bank of Saxony is in Leipzig since January 2017 although the headquarters building was completed only in 2021 3 4 5 A branch office will be kept at the former headquarter building in Dresden The bank also has customer centers in Leipzig Dresden and Chemnitz and a regional office in Gorlitz 6 History editFrom 1991 until 1995 the L Bank the state development bank of Baden Wurttemberg operated the bank Then on December 19 1995 the SAB GmbH was created as a subsidiary of the L Bank This took up the operation on June 1 1996 Since December 30 2002 the SAB is a 100 subsidy of the state of Saxony 7 In 2003 its legal form was changed into an Institution under Public Law de Anstalt des offentlichen Rechts References edit Seite oder Objekt nicht gefunden Sachsische AufbauBank SAB SAB legt Geschaftsbericht 2016 vor Archived from the original on 2017 10 20 Retrieved 2017 10 20 Sachsische Aufbaubank startet spektakularen Neubau in diesem Jahr Droht dem Leipziger SAB Neubau das selbe Schicksal wie dem BER Kosten fur SAB Neubau in Leipzig steigen Zastrow spricht von Steuergeldverschwendung Standortsuche Sachsische AufbauBank SAB Seite oder Objekt nicht gefunden Sachsische AufbauBank SAB nbsp This German bank or insurance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Development Bank of Saxony amp oldid 1106247078, wikipedia, wiki, book, books, library,
