It's 200 years since pioneers such as Henry Duncan in Scotland, Georg Christian Oeder in Germany, and Benjamin Delessert and François de la Rochefoucauld in France launched innovative institutions, now known as savings and retail banks, to collect the savings of private households and re-invest these funds responsibly and sustainably in the local community (in both SMEs and local authorities). These savings banks continue to be forward-looking and innovative, while still guarantying reliable and accessible services to the maximum number of people.
A significant amount of research has been conducted on the banking sector, and specifically on savings banks, but there is still plenty of unknown territory to discover and explore.
The European Savings and Retail Banking Group (ESBG) and World Savings and Retail Banking Institute (WSBI) believe it is essential to encourage and support research into savings and retail banks and financial history. This research is needed to increase awareness and appreciation of the characteristics of savings and retail banks within the context of the multi-dimensional world of banking.
The Award seeks to: