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 100th largest bank in Germany in terms of total assets. In 2017 its total assets were 7 567,71 mln EUR, providing the bank with the market share of 0.11%. 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.