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Private company

Development Bank of Saxony

From its German acronym based in Dresden1

The Development Bank of Saxony (known as SAB, an abbreviation of its German name Sächsische Aufbaubank), founded in 1991 is the state development finance institution for Saxony, Germany.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1991Founded1

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Dresden Sächsische Aufbaubank (01)
Photo: Norbert Kaiser, CC BY-SA 3.0, via Wikimedia Commons4

The Development Bank of Saxony (known as SAB, an abbreviation of its German name Sächsische Aufbaubank), founded in 1991 is the state development finance institution for Saxony, Germany.2

The story

Between 1991 and 1995 L-Bank, Baden-Württemberg's state development finance institution, operated SAB. On December 19, 1995 SAB GmbH was created as an L-Bank subsidiary. SAB GmbH started operations on June 1, 1996. Since December 30, 2002, SAB has been a wholly-owned subsidiary of the state of Saxony.

In 2003 its legal form was changed to an Institution under Public Law (Anstalt des öffentlichen Rechts in German).

From Wikipedia’s article on Development Bank of Saxony, shared under CC BY-SA 4.0.3

Products and brands

The headquarters of the Development Bank of Saxony have been in Leipzig since January 2017, the building itself was completed in 2021. The bank's registered offices are in Leipzig and Dresden.

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

From Wikipedia’s article on Development Bank of Saxony, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Owners

  • Saxony 100%

From Wikidata.1

Timeline

  1. 1991Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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