Established in 1991, Sächsische Aufbaubank (SAB) is the development bank of the Saxony land. SAB provides funding for the local economy, technology, housing and urban development in the form of grants, loans and guarantees.
Sächsische Aufbaubank - Förderbank - is the 102nd largest bank in Germany in terms of total assets. In 2018 its total assets were 7 514,92 mln EUR, providing the bank with the market share of 0.11%. In 2018 the bank's net income was 729 976,47 EUR.
Sächsische Aufbaubank - Förderbank - participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Sächsische Aufbaubank - Förderbank - is a member of Entschädigungseinrichtung des Bundesverbandes Öffentlicher Banken GmbH (EdOe) and makes its contributions into it.
Sächsische Aufbaubank - Förderbank - is headquartered in Dresden.