The German Savings Banks Association (DSGV) is against a centralisation of deposit guarantee schemes in Europe. “Trust in the stability of Germany as a financial centre is key to a rapid economic recovery. Centralising deposit guarantee schemes in the European Union would be counterproductive because it could undermine trust in Germany’s guarantee schemes, which have proven their effectiveness over many years”, said DSGV President Helmut Schleweis.
Schleweis: “This is not the time to centralise deposit guarantee schemes in Europe”
DSGV supports the "Principles for Responsible Banking" of the United Nations
The German Savings Banks and Association (DSGV – Deutscher Sparkassen- und Giroverband) is a new supporter of the six Principles for Responsible Banking of the United Nations Environment Programme (UNEP). "By supporting the UN Principles for Repsonsible Banking, the German Savings Banks Finance Group is making its commitment to sustainable development more visible both nationally and internationally," said Helmut Schleweis, DSGV President, today in Berlin.
Credit and liquidity supply: Savings Banks and Landesbanken fulfil their public service mission
Germany’s Savings Banks and Landesbanken are jointly ready to provide very fast support to enterprises and self-employed persons affected by the coronavirus crisis so as to prevent a broad economic slump. “The German Savings Banks Finance Group will amply fulfil its public service mission,” said Helmut Schleweis, President of the German Savings Banks Association (DSGV), at the financial press conference held by the German Savings Banks today.
Savings Banks with lower operating result; Schleweis: “We have continued to strengthen our reserves”
Germany’s 378 Savings Banks will tackle the difficult coming months from a position of strength. “Our institutions closed the past year with net income after taxes of EUR 1.8 billion. Another EUR 4.1 billion was transferred to contingent reserves for difficult times,” said Helmut Schleweis, President of the German Savings Banks Association (DSGV), at the financial press conference held by the Savings Banks Finance Group today in Berlin. With a tier-1 ratio of 16.0 percent and a total capital ratio of 17.3 percent, Savings Banks display a very solid capital base overall.
Schleweis: “Savings Banks generated more retail banking business in 2019, but with lower earnings”
Helmut Schleweis, President of the German Savings Banks Association (DSGV), described the past fiscal year of Germany’s 378 Savings Banks as a “good retail banking year, but with lower operating earnings”. “Customers place a great deal of trust in their Savings Banks, making them the number-one financial partner in Germany. With a share of about 30 percent, we are the market leader in loans to enterprises and self-employed persons, and with a share of 35.2 percent, we are the market leader in residential real estate financing. At the same time, it is becoming more and more difficult to translate market success into a trading profit”, said Schleweis.