The deposit growth of the savings banks nationwide fell drastically in the first half of 2022. While there was an additional 25 billion in the previous year, only 600 million euros have flowed in this year.
(Photo: dpa)
Frankfurt Many Sparkasse customers are unable or hardly able to save any more. “Half of our customers need all of their income to cover their monthly expenses,” said Baden-Württemberg savings bank president Peter Schneider on Thursday in Stuttgart.
Nationwide, new deposits collapsed. At the more than 360 German savings banks, customer deposits increased by just 600 million euros in the first half of 2022. In the same period of 2021, the savings banks had received 25 billion euros – a decrease of 97.6 percent. In the first half of 2020, the inflow of funds was still almost 30 billion euros.
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