Two branches one in Patras and one in Northern Greece, Katerini promotes according to all indications, the administration of the German savings banks of the famous Sparkassen-Finanzgruppe. The administration of the German Savings Banks presented the Finance Minister Yannis STOURNARA a comprehensive plan for the operation in the first phase of the two branches. The role of two new branches will be enhanced mainly SMEs<\/b><\/span> while after Patras and Kilkis design provides for the establishment of stores in Veria , Kilkis , and Kalamata . Information indicates that Mr. STOURNARA reserved to reply to administration of the German Savings Banks saying to wait for the results of Black rock for the four systemic banks.<\/p>\n In recent statements, the president of the German Savings Banks , Georg Farenson said at a special event organized by the Chamber Ellinogermaniko that<\/p>\n ” the successful model of the German Savings Banks will be transferred directly to Greece .”<\/b><\/span><\/p>\n <\/p>\n In Germany there are 3 pillars in the banking system . The first pillar consists of private banks ( eg Deutsche Bank) second financing banks ( eg Volkswagen Bank) and the third – cooperative savings banks such as the Sparkassen-Finanzgruppe with 431 different banks, Landesbanken with 10 different banks and 10 real estate financing banks . Regarding the Landesbanken there is only one in each state and the Sparkassen-Finanzgruppe have 16,000 stores across Germany other operated under a single central government. This includes the Bordesholmer Sparkasse AG, Spar-und Leihkasse zu Bredstedt AG, Sparkasse Bremen AG, Hamburger Sparkasse AG, Sparkasse zu L\u00fcbeck AG, Sparkasse Mittelholstein AG etc.<\/p>\n
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