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Local banking model attracts worldwide attention

Local banking model attracts worldwide attention

German ESBG member DSGV and the China Banking Assocation sign a Memorandum of Understanding that will be the basis for future collaboration.



>> China Banking Association website​

>> Read the DSGV press release (in German)​​






​​​​​​​​BRUSSELS, 30 March 2016 – The local banking model, made up of strong, locally and regionally active financial institutions that support SMEs and businesses in their national and international endeavors attracts more and more attention from policymakers and financial sector assocations from all over the world. German ESBG member DSGV welcomed a delegation of the China Banking Association on 8 March in Berlin for the formal signature of a Memorandum of Understanding. 

​"We want to create a solid foundation for the future cooperation between the German savings banks and the central organisation of the Chinese banking sector", said DSGV President Georg Fahrenschon. China has recognised the importance of a strong SME sector for the overall economic development and regional financial services are undoubtedly an essential part of that. 

The China Banking Assocation represents the Chinese position in the field of banking and financial regulation and has 400 members. The Memorandum of Understanding wants to foster a closer collaboration between the CBA and the German savings banks in general and between the latter and the City Commercial Banks in China in particular.

More and more policy makers and financial experts recognise the importance of local banks for the overall stability of the financial system. ​


>> Go to the China Banking Association website​

>> Read the DSGV press release (in German)​​


Communication - institutional & commercial; SME finance; Banking Distribution Channels