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Meagre local savings means this must come from abroad.
"It's sort of like breaking into the local savings and loan versus breaking into Fort Knox.
It may hasten a tie-up with local savings banks, or with another Landesbank.
Is your local savings and loan going to be able to do this?
The Catalan government has hoovered up a quarter of local savings by issuing patriotic bonds.
But the new local savings plans of £523m still have little credibility.
For many utilities, conservation spells local savings and a long-distance bonanza.
Loans no longer come from the once proud local savings bank, Caja Navarra.
She withdrew money from a local "savings club" her mother had joined.
Similar(2)
Germany's local savings banks (Sparkassen and Genossenschaftsbanken) are a key pillar of the Mittelstand, a source of funding for small firms.
"When a politician wanted to get rid of another the consolation prize was always to become at least director, if not chairman, of a local savings bank".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com