From infrastructure to education and housing construction: the Sächsische Aufbaubank (SAB) approved around 2.85 billion euros in funding in 2023 (previous year: 2.37 billion euros). A total of almost 63,000 approvals were granted to companies, citizens, municipalities, associations and institutions, as the state's development bank announced in Leipzig on Tuesday.
In the area of loan promotion, SAB is increasingly focusing on sustainability, according to CEO Katrin Leonhardt. "We want to support private individuals, municipalities and companies in making climate-friendly investments and making a positive contribution to the transformation," emphasized Leonhardt. The biggest challenges are structural change with the phase-out of lignite and technological change in industry, Leonhardt emphasized.
The SAB approved just over one billion euros in infrastructure and municipal projects last year. The largest volume was allocated to programs for urban development, for strengthening Saxony's lignite mining areas and for funding in the area of school infrastructure. In the previous year, funding amounting to 145 million euros was approved for schools and sports facilities.
