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Categories: Economics & Finance
Financial institution whose primary purpose is accepting savings deposits.
In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to all strata of the population. In some countries, savings banks were created on public initiative, while in others,
socially committed individuals created foundations to put in place the necessary infrastructure.
(source: http://en.wikipedia.org/wiki/Savings_bank)
