name: Saxony Development Bank
The Development Bank of Saxony (SAB) is a development agency in Saxony, Germany, which was established in 1991. Currently, the company is headquartered in Dresden, and it will relocate to Leipzig in 2017.
From 1991 to 1995, L-Bank, the State Development Bank of Baden-Württemberg, operated the Saxony Development Bank. On December 19, 1995, L-Bank established its subsidiary SAB Co., Ltd.
The Chairman of the Supervisory Board of the Saxony Development Bank is Georg Unland, and the Chairman of the Board of Directors is Stefan Weber, with total assets of 8.2 billion Euros and a total of 1,015 employees.
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