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.
In 2017 total assets of Sächsische Aufbaubank - Förderbank - were 7 567,71 mln EUR. In 2017 the bank's net income was 699 207,17 EUR.
Sächsische Aufbaubank - Förderbank - participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Sächsische Aufbaubank - Förderbank - is headquartered in Dresden.
|Total Assets (2017)|
|7 567.71 mln EUR (-0.95%)|
In 2017 total assets of Sächsische Aufbaubank - Förderbank - were 7 567.71 mln EUR. Decline compared to the previous period (2016) was -0.95%. The evolution of the total assets of Sächsische Aufbaubank - Förderbank - is shown at Chart 1 below.
Chart 1. Total Assets of Sächsische Aufbaubank - Förderbank -.
|Net Income (2017)|
|699 207.17 EUR|
In 2017 net income of Sächsische Aufbaubank - Förderbank - was 699 207.17 EUR. The evolution of the net income of Sächsische Aufbaubank - Förderbank - is shown at Chart 2 below.
Chart 2. Net Income of Sächsische Aufbaubank - Förderbank -.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of Sächsische Aufbaubank - Förderbank - failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Sächsische Aufbaubank - Förderbank - and its components are shown in the table below.
|Bank BIC Code||SABD|
|Country Code||DE (Germany)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Sächsische Aufbaubank - Förderbank - is shown in the table below.