Development Bank of Saxony

The Development Bank of Saxony (known as SAB from the German name Sächsische Aufbaubank) was founded in 1991[1] and is the state development institution for the state of Saxony, Germany.

The Development Bank of Saxony allocates subsidies e.g. from the European Regional Development Fund in the form of grants, sureties and loans into various sectors of the economy e.g. technology, as well as into residential and municipal construction.

The bank also has customer centers in Leipzig, Dresden and Chemnitz and a regional office in Görlitz.

Then on December 19, 1995 the SAB GmbH was created as a subsidiary of the L-Bank.

[7] In 2003 its legal form was changed into an Institution under Public Law (de: Anstalt des öffentlichen Rechts).

Headquarters building of the Sächsische Aufbau Bank (Development Bank of Saxony) in Leipzig shortly after completion in 2021
Former headquarters of the SAB in Dresden
Street view of the headquarters building of the Sächsische Aufbau Bank (Development Bank of Saxony) shortly after completion in 2021