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The German Sparkassen: A Commentary and Case study - Civitas

The German Sparkassen: A Commentary and Case study - Civitas

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Contents<br />

Author<br />

vi<br />

Foreword<br />

vii<br />

PART I: COMMENTARY 1<br />

1. Introduction 3<br />

2. A Brief History of the Savings Banks 6<br />

3. <strong>The</strong> Structure of <strong>German</strong> Banking 6<br />

4. Organisations Within the Savings Banks Finance Group 7<br />

5. <strong>The</strong> Structure of the Savings Banks 11<br />

6. <strong>The</strong> Public M<strong>and</strong>ate 13<br />

7. Financial Stability of the Savings Banks Finance Group 18<br />

8. Joint Liability Scheme (Haftungsverbund) 18<br />

9. Financial Performance 20<br />

10. A Brief Interim Summary 21<br />

PART II: A CASE STUDY 23<br />

11. <strong>The</strong> Company on which the <strong>Case</strong> Study is based: 25<br />

12. <strong>The</strong> Sparkasse Appraisal of the Loan Application 28<br />

13. <strong>The</strong> Benchmarking Report 34<br />

14. Summary 36<br />

PART III: CONCLUSION AND APPENDICES 39<br />

15. Conclusion 41<br />

Appendices I – IV 43<br />

Endnotes 51

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