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Strengthening social cohesion

Statement from Professor Ulrich Reuter,
President of the DSGV

Prof. Dr. Ulrich Reuter

“The Savings Banks Finance Group takes its social responsibility very seriously. Our commitment extends far beyond our economic activities and encompasses many different areas of public life. We support sports clubs, cultural organisations, educational projects and social initiatives. This commitment promotes social participation and strengthens social cohesion.

The Savings Banks’ foundations play a central role in this social commitment. With an annual funding volume of over EUR 500 million, they provide support for a large number of projects in the areas of education, art and culture, social affairs, the environment and science. This support is an expression of our long-term commitment to improving the quality of life in our regions and promoting sustainable development. The projects realised by our foundations have a direct and positive impact on the lives of local people.

Another key aspect of our commitment is the European Payments Initiative (EPI). We see EPI as a decisive step towards a standardised, secure and efficient payment system in Europe. The initiative aims to reduce dependence on non-European payment service providers and to strengthen Europe’s competitiveness in global payment transactions. The Savings Banks Finance Group is convinced that a strong and independent payment system is of vital importance for the future of Europe.

Our public mandate and the associated comprehensive commitment, the diverse support measures of our foundations and our active participation in EPI are an expression of our deep understanding of our responsibility and our role as a reliable partner in society.”