state bank
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state bank
A public-law bank in Germany that acts as the central institution for the savings banks of one or more federal states and handles larger financial transactions for companies and the public sector.
Die Landesbank hat dem mittelständischen Unternehmen einen großen Kredit gewährt.
The state bank granted the medium-sized company a large loan.
The word is made up of 'Land' (state) and 'Bank' (bank). The '-es-' is a linking element that connects the two parts. Here, 'Land' refers to a federal state in Germany.
Jedes Bundesland hat eine eigene Struktur von Landesbanken und Sparkassen.
Each federal state has its own structure of state banks and savings banks.
A 'Landesbank' (state bank) is not a typical bank for private individuals. It is a public-sector institution that mainly works with savings banks, large companies, and public administration.
Die Stadt hat für das neue Bauprojekt einen Kredit von der Landesbank erhalten.
The city received a loan from the state bank for the new construction project.
In connection with state banks, you often read or hear about the financing of large projects, the granting of loans to companies, or support for the regional economy.
Die Landesbank unterstützt die lokale Wirtschaft mit speziellen Förderprogrammen.
The state bank supports the local economy with special funding programs.
savings bank
'Sparkasse' and 'Landesbank' are both public-law banks and are part of the German banking system. However, they are used in different situations. A 'Sparkasse' is familiar from everyday life: many private individuals have an account there, withdraw money, or talk about a loan. A 'Landesbank' works more in the background and is important for larger financial transactions, companies, public institutions, and the savings banks of a federal state. Learners may confuse the words because both have to do with public banks. In practice: for normal banking, people usually say 'Sparkasse'; for larger and more institutional banking transactions, 'Landesbank'.
Die Stadt bespricht die Finanzierung des neuen Bauprojekts mit der Landesbank.
The city discusses the financing of the new construction project with the state bank.
Nach der Arbeit geht er zur Sparkasse, weil er ein neues Konto eröffnen möchte.
After work, he goes to the savings bank because he wants to open a new account.