The Sparkassen-Finanzgruppe is a network of local and regional public savings banks (Sparkassen), state banks (Landesbanken), and specialized financial service providers in Germany and Austria. It operates under a public mandate to provide comprehensive financial services to all segments of the population and to support local economic development. With roots dating back to the late 18th century, the group is characterized by its decentralized structure, with each Sparkasse operating as an independent entity in its respective region, while being centrally represented by the Deutscher Sparkassen- und Giroverband (DSGV).