What Thuringian Construction Bank does

Thüringer Aufbaubank (TAB) is the state development bank (Landesförderbank) of the Free State of Thuringia in Germany, founded in 1992 as a public-law institution (Anstalt des öffentlichen Rechts) and wholly owned by the Free State of Thuringia, which provides a full state guarantee (Gewähr) for all bank obligations. TAB operates as a financial intermediary, originating and administering subsidized loan programs, non-repayable grants, and guarantee instruments for Thuringian SMEs, municipalities, private individuals, agricultural enterprises, startups, and research institutions. Core product lines include loan programs (ThüringenKredit up to €5M, Thüringen-Dynamik up to €2–4M, GuW Thüringen, Mikrodarlehen, EigenheimPlus housing loans), grant programs (GRW regional economic development, FTI-Thüringen R&D suite, GreenInvest Ress, Digitalbonus, Gründungsprämie, ILU 2023 agriculture, KLUG rural micro-enterprises, Kommunales Investitionsprogramm 2026–2029, Thüringen-Natur), and guarantee products (Bürgschaften up to 80% of loan amount). The technology stack centers on a Weiterleitungsdarlehen (forwarding loan) model where applications are submitted through partner banks (Hausbanken) that handle credit assessment while TAB provides underlying funding and program administration, complemented by a proprietary Förderportal for application tracking, a Förderfinder tool, and the annual Thüringer Kommunalmonitor municipal investment study.

The business model is not-for-profit and policy-driven. Revenue derives primarily from net interest and commission income (Zins- und Provisionsüberschuss), which grew from €14M in 2021 to €19M in 2025, with additional income from administering state subsidy programs. Distribution combines indirect channels (all Thuringian Sparkassen and banks acting as Hausbanken intermediaries) with five regional customer centers (Erfurt, Gera, Suhl, Nordhausen, Eisenach), a centralized hotline, the ThEx (Thüringer Zentrum für Existenzgründungen und Unternehmertum) startup hub, specialized TAB-Kommunalberatung municipal advisory, and a wholly-owned equity subsidiary bm|t beteiligungsmanagement thüringen gmbh. Marketing relies on content (TAB website, #TABinterview series, two segmented newsletters for businesses and municipalities), events/consultation days, social media, and partnership referrals via chambers of commerce (IHK, Handwerkskammern). 2025 scale metrics: balance sheet total of €3.57B, business volume of €3.86B, equity capital of €199M, total funding approvals of €292M (down from a €859M pandemic-era peak in 2021), annual surplus of €5.2M, and 501 employees.

Name

Thuringian Construction Bank

Legal name

Thüringer Aufbaubank

Website

https://aufbaubank.de

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

Thüringer Aufbaubank is the state development bank of Thuringia, Germany, providing subsidized loans, grants, and guarantees to SMEs, municipalities, startups, and individuals since 1992.

Ownership category

akta.pro rank

Product category

State Development Banking

NAICS

Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industries

SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Green/Climate Development Banks & Funds (FSABAKAH)

Keywords

• Development banking services
• Promotional loan programs
• State guarantee financing
• Public sector lending
• SME funding programs

Headquarters

HQ city

Erfurt

HQ country

Germany

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest and Commission Income: TAB earns income from the spread between funding costs and loan yields, plus commission fees for guarantee services. Annual Zins- und Provisionsüberschuss: 19M EUR (2025), 15M EUR (2024), 16M EUR (2023), 11M EUR (2022), 14M EUR (2021). The bank operates on a not-for-profit basis as a state development bank.
2. State Subsidy Administration: TAB administers various government subsidy programs (Zuschüsse) including Corona relief funds, economic development grants, technology funding, and housing subsidies. Total approvals: 292M EUR (2025), 250M EUR (2024), 251M EUR (2023), 368M EUR (2022), 859M EUR (2021).

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Thüringer Aufbaubank (TAB) operates as the state development bank (Förderbank) of the Free State of Thuringia, providing subsidized loans, grants, and guarantees to small and medium enterprises, startups, municipalities, agricultural enterprises, research institutions, and private individuals. The bank operates on a forwarding loan model (Weiterleitungsdarlehen) where applications are submitted through partner banks (Hausbanken) that act as intermediaries while TAB provides the underlying funding and program administration. Advisory services are delivered through five regional customer centers, a service hotline, and the ThEx startup center.

Product overview

Thüringer Aufbaubank (TAB) operates as the development bank of the Free State of Thuringia, offering a comprehensive portfolio of promotional programs, loan products, guarantee instruments, and advisory services. The core offering centers on development financing through loan programs (ThüringenKredit, Thüringen-Dynamik, GuW Thüringen, Mikrodarlehen) combined with grant programs (GRW, FTI-Thüringen, GreenInvest Ress, Digitalbonus) for SMEs, startups, municipalities, and agricultural enterprises. The bank provides guarantee products (Bürgschaften) to strengthen creditworthiness, municipal consulting services, and specialized programs for housing (EigenheimPlus, Thüringer Wohnungsbauförderung), environmental protection, and rural development (KLUG). Advisory services are delivered through the ThEx center and regional customer centers, with prize programs (ThEx AWARD, AgraNova-Preis) recognizing innovation in the region.

Differentiator

Problem solved

Functional benefit

Brands

• ThEx - Thüringer Zentrum für Existenzgründungen und Unternehmertum: Center for Business Start-ups and Entrepreneurship hosted at Thüringer Aufbaubank, providing support for founders and young entrepreneurs in Thuringia.

Products and services

• EigenheimPlus
• ThüringenKredit
• Thüringen-Dynamik
• GuW Thüringen (Gründen und Wachsen)
• Mikrodarlehen
• Bürgschaften (Guarantees)
• Kommunalberatung
• ThEx (Thüringer Zentrum für Existenzgründungen und Unternehmertum)
• ILU 2023 (Investitionsförderung landwirtschaftlicher Unternehmen)
• FTI-Thüringen Programme
• GreenInvest Ress
• KLUG
• Gründungsprämie
• Digitalbonus Thüringen
• InnoInvest
• GRW (Gemeinschaftsaufgabe)
• Kommunales Investitionsprogramm
• Thüringen-Natur

Quantifiable outcome

• 501 employees managing 3.57B EUR balance sheet
• +3 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• KfW-BankengruppecoreStrategic or Co-development PartnerKfW is the German state-owned development bank. TAB works closely with KfW to channel federal funding programs to Thuringian beneficiaries, including startup and business development loans.
• Thüringer Landesregierung (Thuringian State Government)coreStrategic or Co-development PartnerTAB works closely with Thuringian ministries, especially the Ministry for Economic Affairs, Agriculture and Rural Areas (TMWLLR) and Ministry of Finance, to implement state funding policies.
• Thüringer Sparkassen und BankencoreChannel Partner/ Reseller/ DistributorAll Thuringian sparkassen and banks serve as Hausbanken (partner banks) through which end customers apply for TAB programs. TAB provides the funding; Hausbanken handle customer advisory and loan administration.
• ThEx (Thüringer Zentrum für Existenzgründungen und Unternehmertum)coreChannel Partner/ Reseller/ DistributorStartup support center operated by TAB, providing first-line consulting for entrepreneurs, workshops, and referrals to TAB funding programs. Located at Gustav-Freytag-Straße 1, Erfurt.
• Handwerkskammern (Craft Chambers)minorChannel Partner/ Reseller/ DistributorThree Thuringian craft chambers (Erfurt, Ostthüringen, Südthüringen) serve as referral partners for TAB programs, especially for tradespeople and crafts businesses.
• Industrie- und Handelskammern (IHK)minorChannel Partner/ Reseller/ DistributorThree Thuringian IHKs (Erfurt, Ostthüringen, Südthüringen) provide referral services for TAB programs to their member companies.
• Thüringer Zentrum für Existenzgründungen und Unternehmertum (ThEx)coreChannel Partner/ Reseller/ DistributorHub for entrepreneurship in Thuringia, offering startup consulting, workshops, and connections to TAB funding programs. Operated by TAB.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Investitionsbank Berlin (IBB): Berlin's state development bank providing Förderkredite, grants, and venture capital via subsidiary IBB Ventures. Comparable Landesförderbank with municipal-heavy customer base.
• Investitionsbank Schleswig-Holstein (IB.SH): Development bank of Schleswig-Holstein offering subsidized loans, grants, and Bürgschaften to SMEs, municipalities, and housing. Same institutional structure and product portfolio as TAB.
• L-Bank Baden-Württemberg: State development bank of Baden-Württemberg, one of the largest German Landesförderbanken by balance sheet. Comparable in structure and product set: Förderkredite, subsidies, Bürgschaften, Wohnungsbauförderung.
• Sächsische Aufbaubank (SAB): Development bank of the Free State of Saxony. Closest geographic and structural peer — same German state development bank (Landesförderbank) model, same product mix (subsidized loans, grants, Bürgschaften), same EU-co-financed programs.
• Bayerische Landesbodenkreditanstalt: Bavaria's state development institution focused on housing, municipal, and infrastructure financing under the Bayerische Landesbank group. Comparable state-backed lender with overlapping housing and municipal mandate.
• Investitionsbank Sachsen-Anhalt: State development bank of Saxony-Anhalt — a smaller eastern German Landesförderbank with structurally similar customer base and program mix to TAB.
• Investitions- und Förderbank Niedersachsen (NBank): Development bank of Lower Saxony, offering subsidized loans, grants, and equity capital to SMEs, municipalities, and startups — directly comparable in mandate, product set, and customer segments to TAB.
• Wirtschafts- und Infrastrukturbank Hessen (WI-Bank): Hesse's state development bank, where TAB board member Eckhard Hassebrock previously served as Geschäftsleiter. Same promotional bank (Förderbank) model with loans, grants, and municipal financing.
• KfW Bankengruppe: Germany's federal development bank, channeling federal and EU subsidy programs. TAB is the Thuringian state-level counterpart, executing the same Förderbank model with a smaller geographic scope.

Regional players

• Bürgschaftsbank Thüringen: Thuringia's regional guarantee bank, a core partner of TAB that handles suretyships up to 2M EUR while TAB handles guarantees above that threshold. Closely intertwined local Förderinstitution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/share.php?u=https%3A%2F%2Fwww.aufbaubank.de%2F
• Xx.com/aufbaubank

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thuringian Construction Bank