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The Payout Behaviour of German Savings Banks

Matthias Köhler ()
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Matthias Köhler: Deutsche Bundesbank, Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany

Credit and Capital Markets, 2018, vol. 51, issue 2, 227–257

Abstract: Our analysis finds that, although a growing number of savings banks are making payouts, the majority do not make any. Furthermore, savings banks distribute only a small part of their net profit to the shareholders. This means that they can build up capital despite making payouts. Savings banks also hold significantly more capital than is called for by the regulatory framework. Finally, the regression analysis shows that savings banks that have less capital distribute profits to their shareholders considerably less frequently. This correlation has intensified since 2009, even though the Savings Banks Acts (Sparkassengesetze) were relaxed in individual federal states.

Keywords: Savings banks; distributions; capital adequacy (search for similar items in EconPapers)
JEL-codes: G21 G29 G35 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:kuk:journl:v:51:y:2018:i:2:p:227-257