Finanzgruppe Sparkassenstiftung für internationale Kooperation Sparkassen – Local Public Banks – More than an Option ! Dublin September 24th, 2014 Niclaus Bergmann, Managing Director Savings Banks Foundation for International Cooperation Simrockstraße 4 53113 Bonn E-Mail: office@sparkassenstiftung.de Finanzgruppe www.sparkassenstiftung.de Sparkassenstiftung für internationale Kooperation
International Cooperation: Savings Banks Foundation Since 1992: over 150 projects in more than 60 countries today: 5 projects in the EU und 34 projects in 31 other countries worldwide Finanzgruppe Sparkassenstiftung für internationale Kooperation Seite 2
German Banking System The three pillars of the German banking system Private commercial Sparkassen (public Credit cooperatives banks savings banks) In the 18th century In the 18th century Origin In the 19th century Financial services for Objective of Financing of trading Financial service for companies and industry members and SMEs, low income people foundation esp. farmers and SMEs public welfare and task- Member-oriented Orientation Shareholders, profit oriented maximization – of interests – stakeholder value shareholder value Finanzgruppe Sparkassenstiftung für internationale Kooperation page 3
Sparkassen – independent but integrated into the Savings Banks Finance Group Finanzgruppe 417 Sparkassen Institutions: Business volume: Branch offices: Staff: ATM: (Public Savings Banks) 600 3,030 billion EUR 20,400 345,600 25.700 Business volume: 1,106 bn € 8 Landesbank- 10 Landesbauspar- DekaBank Others Konzerne kassen Investment House Branch offices: 15,300 Regional Banks Building Societies Business volume: Leasing, factoring and Staff: 245,000 134 bn € Business volume: Business volume: insurance companies, Accounts: 4.4 mn 55 bn € 1,495 bn € etc. Staff: 8,940 Staff: 3,957 Staff: 48,464 Deutscher Sparkassen- 12 Regional Savings Banks 1 IT coordination Sparkassenstiftung für Associations und Giroverband centre (SIZ) internationale Kooperation (German Savings Banks (Savings Banks Foundation Association) 1 IT provider (FI) for International 1 Management Academy Savings Banks Academies Cooperation) 1 University External Audit Providers Finanzgruppe Sparkassenstiftung für internationale Kooperation page 4
The Common Basis of the Group’s Structure Ensures the Success of its Business Model The Sparkassen Finance Group Co-operation Decentralised Group Operational within the Group Structure Efficiency Public Legal Municipal Public Service Regional Form Trusteeship Obligation Principle Finanzgruppe Sparkassenstiftung für internationale Kooperation page 5
Consolidation of IT Service Providers: Efficiency and Reduction of IT Costs Number of Sparkassen IT Service Providers 11 Service Provider until 1998 1 Service Provider since 1.1.2008 Result of consolidation process: IT support is standardised and extended, Economies of scale and further reductions in IT costs, Efficiency is further increased (faster roll-out of new products etc.) Finanzgruppe Sparkassenstiftung für internationale Kooperation page 6
The Sparkassen Model - Focus on real economy Germany: Local businesses (esp. SME) are financed by local banks: Cooperative Banks and Sparkassen Sparkassen have a 42% market share of business financing 70% market share in SME finance Sustainability – Professionalism – Public Welfare Finanzgruppe Sparkassenstiftung für internationale Kooperation page 7
Sparkassen and Company Loans – No Signs of a Credit Crunch Market Shares for Loans to Companies New loan commitments of Savings and Self-Employed * in %, 2012 Banks to companies and Self-employed, in billion € , change in % 75 +4.8 +3.8 +3.4 +5.5 69.9 +9.4 27,5 Rest of the banking 66.7 64.2 62.1 sector (other 58.9 50 42,1 commercial banks, foreign banks, KfW etc.) 4 largest commercial banks 25 14,0 Cooperative banks Sparkassen-Group 16,4 0 2008 2009 2010 2011 2012 * Without commercial housing Source: Bankenstatistik Deutsche Bundesbank and own calculations * Including residential construction; excluding other financial intermediaries and insurance corporations, Stand 31.12.2012 source: Deutsche Bundesbank Finanzgruppe Sparkassenstiftung für internationale Kooperation page 8
Sparkassen: large and small, but independent ! Total volume of business is huge, BUT Each individual Sparkasse can be relatively small - smallest with total assets of Euro 130 mn - largest with total assets of Euro 45 bn Most of the 420 Sparkassen have total assets of around Euro 1 bn (average about Euro 2.4 bn) ANYWAY: cooperation is the basis for sustainability Finanzgruppe Sparkassenstiftung für internationale Kooperation page 9
Sparkassen are close to their customers Typical branch location Sparkassen in Germany: 417 Savings Banks 245,000 employees 19,100 trainees 15,300 branch offices Figures as of 31.12.2012 Finanzgruppe Sparkassenstiftung für internationale Kooperation page 10
Sparkassen serve the Municipalities Economic function … – Local employers 245,000 employees, 19,000 Trainees – Local taxpayers € 2.7 billion in taxes (2013) … guaranteed by specific structural elements: – Public mandate: non-discriminatory provision of financial services with appropriate conditions for all citizens, particularly for SMEs reinvestment of profits for local social commitment – Regional principle: only branches within their business district, loan activities focus on that district, creating local business cycles Finanzgruppe Sparkassenstiftung für internationale Kooperation page 11
Special features of the German Sparkassen The public mandate of German Sparkassen: part of the state laws and statutes nationwide supply with all kinds of financial services supply of SMEs with loans and other financial services motivation of a culture of savings and entrepreneurship ensuring a balanced regional economic structure Finanzgruppe Sparkassenstiftung für internationale Kooperation page 12
Regional Principle as an engine for regional economic development − Local deposits are transformed into local loans − Sparkassen are taxed as local businesses − Stong link with the local economy : no speculative activities, no quick growth , „down to earth “ philosophy − Customer proximity and knowledge of the regional market as a basis for risk management − Local staff understands the local situation mutual dependency between Sparkasse and its region ! Finanzgruppe Sparkassenstiftung für internationale Kooperation page 13
Concept: Network of Local (Public) Banks Specialized IT-Center entities, e.g. for Leasing, owner: Banks / National Association Factoring Association (Central Service Provider) (or external owner: Banks / partner) Association Number dependent on Local Bank Local Bank Local Bank Local size of country Bank and potential business volume Local Branches Finanzgruppe Sparkassenstiftung für internationale Kooperation page 14
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