The Sparkassen-Finanzgruppe founded the Deutsche Sparkassenstiftung für Internationale Kooperation e.V (DSIK – German Sparkassenstiftung for International Cooperation) in 1992, thus extending the social mandate of the Sparkassen to developing countries and emerging economies, too. Since then, DSIK has rolled out projects in more than 90 developing countries and emerging economies thanks to the support of over 100 institutions that make up the Sparkassen-Finanzgruppe. During this period, more than 2,000 Sparkassen employees have provided valuable assistance as consultants.
The Sparkassen-Finanzgruppe (Savings Banks Finance Group) is the largest financial group in Europe and the market leader in Germany. In addition to the Sparkassen, it comprises regional banks (Landesbanken), regional building societies, insurance companies and numerous other financial service providers. Its umbrella organisation is the Deutsche Sparkassen- und Giroverband (DSGV – German Savings Banks Association).
Therefore, German Sparkassenstiftung represents the interests of the Sparkassen Group and is responsible for its strategic direction in development cooperation.
The goal of German Sparkassenstiftung is to assist its partner institutions to become more professional and therefore able to give their customers permanent access to financial services. The main target groups are small and medium-sized enterprises (SME), as well as low-income and socially marginalised groups.