As a consequence, the institution was forced to restructure its administrative board. And there are always fresh cases where members of the administrative boards take the bolstering of local authority coffers at least as seriously as, or indeed even more seriously than the long-term resilience of their savings bank.
Please don’t get me wrong: There is nothing to be said against profitable and soundly situated savings banks distributing some of their profits to their shareholders. But dividend payments that limit the options available for adequate risk provisioning or that eat away at their resources are unacceptable.