Deutsche Information

Legal background

Since German Bausparkassen are credit institutions, they are subject to all regulations of the German Banking Act and, hence, to governmental supervision by the Federal Banking Supervisory Office. Due to the unique character of the Bauspar system, a special by-law had to be added to the German Banking Act. This Bausparkassen Act was implemented in 1972 and has been amended several times. The act regulates the organisational structure of the Bausparkassen and sets forth the legal framework for the Bauspar business. It also regulates the minimum allocation requirements and contains provisions regarding the implementation of a reserve fund in order to stabilise the waiting periods. Please note that the German Bausparkassen Act was amended recently. Click here for an unofficial English translation of the new Bausparkassen Act that has been valid from 29 December 2015.

In addition to the Bausparkassen Act, the so-called Bausparkassen Regulation (Bausparkassen-Verordnung) deals with technical details. Please note that the German Bausparkassen Regulation was amended recently. Click here for an unofficial translation of the new Bausparkassen Regulation that has been valid since 29 December 2015.

Almost all countries dispose of some kind of support for private housing finance because it is known that the housing sector has positive effects on employment, economic growth and in general on socio-economic stability. What is important about government support and its efficiency. Housing support that is based on loan interest tax deduction bring about increasing loan amounts; they are non-transparent and socially unfair. Income dependent and earmarked premiums in contrast are ascertainable, well quantifiable, hence, transparent and socially reasonable. Further more, they may be integrated into the Bauspar system easily. In Germany, the Bauspar system is supported by two different schemes: the House Building Premium and the Employee Savings Allowance.


EFBS press release: Handover of the office of Managing Director from Zehnder to König
EFBS press release: Personnel change within the Presidium of the EFBS

EFBS press release: EFBS reaffirms criticism of Capital Markets Union

OEE Newsletter of March 2015: "Savings in times of lowest interest rates – savings culture at stake? Some thoughts on the present and future of savings"

EFBS press release: Plans for new Green Paper jeopardize sustainable investments

EFBS press release: Zehnder re-elected as Managing Director

EFBS press release: IUHF 100th anniversary

EFBS press release: Consideration of low risk models under the Deposit Guarantee Schemes’ Directive

 EFBS press release: Board of the EFBS re-elected

IUHF press release: Zehnder leads the world federation IUHF

EFBS press release: 50th anniversary of the EFBS

EFBS press release: EFBS welcomes the measures of safeguard proposed in the report of the Liikanen-Group

EFBS press release: European Bausparkassen welcome the result of the vote on the Mortgage Credit Directive

EFBS press release: Mortgage Credit Rules are Counterproductive

EFBS press release: European Commission‘s plans will adversely affect mortgage finance mechanisms 




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