Despite an operating annual result below the previous year’s level, Sparkasse Freiburg Nördlicher Breisgau achieved an unchanged annual surplus compared to 2019.
The board of directors of the financial institute around CEO Marcel Thimm is satisfied with this result, also because of the special effects of the corona pandemic.
Today the Sparkasse Freiburg Nördlicher Breisgau published the business results via livestream at a press conference.
The Sparkasse Freiburg Nördlicher Breisgau ranks 38th of all German savings banks in Germany. In Baden-Württemberg, the bank is the ninth largest savings bank in the state with 7.4 billion euros. The balance sheet total increased by 8.8 percent in 2020. In addition, the Sparkasse was able to record a record level of credit demand with 1.5 billion euros. Customer deposits also increased significantly by 5.5 percent. A value that not only gives those responsible pleasure: The Sparkasse has to pay negative interest for money that it parks at the Bundesbank or other banks.
The securities turnover could be increased significantly. Savings bank customers bought over 30 percent more securities than in the previous year.
The branch network was further thinned out. Nevertheless, the Sparkasse Freiburg Nördlicher Breisgau with 29 branches remains the financial institution with the most branches in the business area. “Further branch closings are also not planned,” confirmed the deputy chairman of the board, Erich Greil.
The Sparkasse was able to collect several awards for its excellent advice. In terms of digitization, you could also prove your capabilities in the corona year. “We are excellently positioned here,” Marcel Thimm was convinced.
The cost / income ratio remains in a good range at 60.4. After all, the Sparkasse only spends 60.4 cents to earn one euro.
The Sparkasse’s staffing levels are falling, but only due to age-related fluctuation.
Nevertheless, Sparkasse hired 23 new trainees in 2020.
With seven million euros the Sparkasse achieved an annual surplus at the previous year’s level. The difference to the operating result consists of reserves, reserves, pension provisions and taxes.
The corona pandemic has not yet led to any noteworthy bankruptcies: “Our customers are drawing on their reserves, but they still have enough liquidity,” said board member Bernd Rigl. The state aid had also taken effect, added Marcel Thimm.
The loan defaults remained at a very low level of around one million euros. One expects an increase in insolvencies for the current year, but a bankruptcy wave is unlikely.
The pressure on the savings banks to merge is still not high. No mergers between savings banks in the region are to be expected, explained Marcel Thimm.
In-house, they have committed themselves to more sustainability.
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