Press releases

Schleweis: “A more expansionary monetary policy will do more harm than good”

“A more expansionary monetary policy will do more harm than good. The negative effects of this policy now outweigh the positive effects; at the same time, the positive effects have worn out", said Helmut Schleweis, President of the German Savings Banks Association (DSGV), in assessing today’s decisions of the European Central Bank (ECB).

Schleweis: “Deposits are already protected within the EU banking union”

“Today, deposits are already covered by a common level of protection in the European Union. We see no need for further action”, stated Helmut Schleweis, President of the German Savings Banks Association (DSGV).

Savings Banks 2018: Strong growth of deposits and loans, Net sales of securities increased by over 27 percent

Germany’s 384 Savings Banks delivered a strong business performance in fiscal year 2018. “The institutions are pleased about the growth they achieved in both deposits and loans”, said Helmut Schleweis, President of the German Savings Banks Association, at today’s financial press conference of the Savings Banks Finance Group in Frankfurt/Main.

Savings Banks achieved an operating result of EUR 10 billion before valuation in 2018

In the past fiscal year, Germany’s 384 Savings Banks generated an operating result of EUR 10 billion before valuation.

Savings Banks and their employees contribute EUR 44 billion to Germany’s prosperity

On average, each of the 209,588 employees of Germany’s Savings Banks contributed EUR 260,000 to Germany’s prosperity in 2018.
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