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Saving and Loan Associations deal with home loan and saving transactions (Bausparen), a combination of saving and financing with the purpose of creating wealth and living accommodation. In Austria, more than 1,030,000 dwelling units had been financed by the home savings banks or building societies (Bausparkassen) by 1999. Bausparen is based on a closed cycle of saving and financing in which the savers, by means of their deposits, create the financial basis for the extension of building loans. Bausparen is of great benefit to the national economy, and the Austrian state therefore gives incentives to depositors. The following home savings banks operate in Austria: Raiffeisen Bausparkasse, Bausparkasse, Bausparkasse Wuestenrot AG, ABV-Allgemeine Bausparkasse, Hypo Bausparkasse AG.