Savings banks are calling for restructuring of the savings bank sector

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Sparkassen-Logo

The Sparkassenverband Bayern wants to reform the sector.


(Photo: AP)

Munich The Sparkassenverband Bayern sees good opportunities for a structural realignment of the top institutions in the sector. “The level of knowledge that we really need to take steps forward in 2020 will become broader in the Sparkassen group,” said Ulrich Netzer, president of the Sparkassenverband Bayern, the Börsen-Zeitung. This is a majority in the organization.

But it does not mean that the individual steps have been taken. Netzer therefore demanded: “We have to significantly reduce the risks that have always been realized in the association organization at the expense of the savings banks.” The Sparkassenverband Bayern imagines that the state banks will work closer together nationwide.

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