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COURT OF APPEALS DECISION DATED AND RELEASED

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The legal framework regulating the activities of thesavings banks had previously remained almostunchanged for 160 years.At the end of the twenti-eth century, however, the reforms of the years1983, 1991 and 1999 changed it radically within aperiod of only 16 years and gave the savings bankgroup a fundamentally new character.Since the reform of 1999, 34 regional savings banksand a national bank of the savings banks have beenresponsible for running the banking business. Thenational bank works together with the regionalsavings banks within a closely linked frameworkwith various responsibilities. The associative tasksare carried out centrally by a national associationof the savings banks. In...
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COURT OF APPEALS DECISION DATED AND RELEASED

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