Finanzgruppe Sparkassenstiftung

History

For more than 20 years and on behalf of the Savings Banks Finance Group, Sparkassenstiftung für internationale Kooperation (Savings Banks Foundation for International Cooperation) has been working around the globe to help people get access to financial services, thus promoting development. 10 milestones of Sparkassenstiftung’s work – from setting up municipal savings banks via reconstruction aid to the first World Savings Day.

1992 - Foundation of Sparkassenstiftung

Peruvian logo for savings banks

The Sparkassen-Finanzgruppe (Savings Banks Finance Group) responds to the international call for its expertise and experience. The Group establishes the Sparkassenstiftung für internationale Kooperation (Savings Banks Foundation for International Cooperation) to promote economic and social development in other countries.

In 1961, the Egyptian government addresses the German Savings Banks Association and asks for support in setting up credit cooperatives in the Nile Delta.

In the 1980s, German Sparkassen (savings banks) are repeatedly asked for support in setting up financial institutions in developing countries. In Asia projects are launched in Bangladesh, China and Sri Lanka, and in Africa in Botswana, Kenya, Namibia and Uganda. In Latin America, the Sparkassen-Finanzgruppe supports institutions in Colombia and Peru.
Project description foundation of savings banks in Peru

With the fall of the Iron Curtain and the dissolution of the Soviet Union, the Sparkassen-Finanzgruppe encounters new challenges. The savings banks in East Germany need to be restructured and made fit for a social market economy. After the successful accomplishment of this task, requests for
support from Central and Eastern European countries become more frequent.

Based on a resolution of the DSGV general assembly, the Sparkassenstiftung für internationale Kooperation e.V. is formally founded as non-profit organisation in December 1991. On 1 June 1992 Sparkassenstiftung gets into gear.

1994 - Game-based learning

To train the staff of its partner institutions, Sparkassenstiftung introduces the tool of business management games. Active exchange of experience replaces passive knowledge transfer. Due to the immense success of this tool, Sparkassenstiftung has meanwhile developed five new business management games.
Project description bank management games

1997 - Non-governmental organisation transforms into bank

The Philippine NGO CARD is supported by Sparkassenstiftung in setting up its own bank. In 1997, CARD obtains a banking licence – today, the organisation is itself counselling other microfinance institutions all over Asia.
Regional project Indochina and Myanmar

Meanwhile, many customers of CARD have established their own small and medium-sized businesses and have thus outgrown the system of microfinance. To their support, CARD has purchased a small regional bank and converted it into an SME bank, whose product range has been expanded to fit its purpose. Experienced experts from German Sparkassen support CARD SME Bank in assignments on risk management, product and staff development as well as cost management. Through these activities, they contribute to sustainable economic development in the Philippines.
Project description set-up of CARD SME Bank

2000 - German-Polish Savings Banks Cooperation Office

A German-Polish Savings Banks Cooperation Office is set up to promote cross-frontier investment projects. After only two years, the project is completed and responsibility is handed over to the savings banks along the German-Polish border. This innovative project is a big success: Even today, the German-Polish Savings Banks Cooperation Office supports the economy in this region, thus helping Europe to grow together.
Project description development of the German-Polish Savings Banks Cooperation Office

2002 - German-Azerbaijanian Fund

In Azerbaijan, loans to small-scale enterprises are promoted through KfW’s German-Azerbaijanian Fund. Sparkassenstiftung supports KfW in the implementation of the project. Sparkassenstiftung has been commissioned with the administration of this fund by Azerbaijan’s Ministry of Finance since 2006.
Project description German-Azerbaijanian Fund
Website of the German-Azerbaijanian Fund

 

To the 2nd part: 2005-2012