As of: March 28, 2024, 12:07 p.m
By: Ursula Gallmetzer
Comments
Press
Split
The management team of Sparkasse Oberland: (from left) Michael Lautenbacher, Markus Lanz and Michael Müller. © Gallmetzer
The new board of Sparkasse Oberland has presented the annual report for 2023. The trio in Weilheim was satisfied with the numbers.
Weilheim – “It wasn’t the easiest year,” admitted CEO Markus Lanz. For example, the wars were clearly noticeable in the overall economy and politically and the economy was not robust. “We still did very well,” said Lanz, praising the work of his 655 employees, which he sees as the “foundation for this success.” “It is the decisions from the past that are now bearing fruit,” emphasized Lanz, also citing the merger with Kreissparkasse Garmisch-Partenkirchen.
Annual report of Sparkasse Oberland for 2023: Success despite economic and political challenges
Compared to 2022 (4.82 billion), the balance sheet total was similar last year at 4.83 billion euros. Deposits even remained the same at 3.62 billion euros. However, to the Sparkasse's delight, other figures changed significantly: the annual profit rose from 1.22 to 3.5 million euros, which is due on the one hand to the synergy effects since the merger with Kreissparkasse Garmisch-Partenkirchen, but on the other hand, above all, to the development of interest rates . The number of customers fell from 138,113 to 137,330. This can also be explained by the merger, as some people were customers of both banks.
“Stable conditions at an unfavorable level”
Board member Michael Lautenbacher on the capital market
Board member Michael Lautenbacher spoke of a “perceived new normal” and “stable conditions at an unfavorable level” with a view to the capital market. In 2023, the conditions for investments were quite good compared to previous years, and the interest rates were slightly higher again. Investments are therefore very popular; The contingent of climate savings bonds was sold out immediately. “Our goal is to advise customers on how to make a sensible investment,” emphasized Lautenbacher.
The fact that the interest in money market business cannot be passed on to customers immediately is due to the fact that the money is invested in loans, among other things. The ECB also plays a role. “Many people decided unnoticed that they would no longer pay any interest on the compulsory deposit,” explained Lautenbacher. 35 million euros from the savings bank are now there without any interest.
3.72 billion euros in loans – 189 million euros in construction financing
Board member Michael Müller gave an insight into the Sparkasse's lending business: "Even if the enthusiasm for investment was no longer so expansive, there was an increase," he said, referring to the 3.72 billion euros in loans (2022: 3.61 billion euros ), which are distributed among private customers (1.5 billion), business customers (2.1 billion) and municipalities.
My news
Nasty scam with the Rosenheim cops: Actors pack with atrocities read out in their name
2 hours ago
Flixbus accident on A9 near Leipzig: Witnesses report bus accident - police correct reading of victim numbers
She had planned Gottschalk's visit to BR completely differently: Schöneberger lost his composure
“Brazen” Ukrainian attacks in Russia? Ex-US general warns of “terrible recommendation” read
Strong earthquake in Italy and Austria: Read “Heard a terrible bang”.
Princess Kate has cancer – this is how Victoria of Sweden and Mette-Marit of Norway react
There were around 900 construction financing deals with a total of 189 million euros. “This is a value that we are very proud of,” emphasized Müller. 29 properties were rented and 83 were sold, which corresponds to an increase of 17 percent. A development contrary to the Bavaria-wide trend, in which sales figures fell by 30 percent. “That speaks for the quality of our brokers,” said Müller appreciatively. What is noticeable, however, is that the average value of individual properties has fallen and smaller and used houses are more popular than large new buildings. Building savings contracts are also popular. 1,700 pieces with a total volume of 129 million euros were signed in 2023.
One area that is booming is insurance - especially in the area of health insurance. In 2023, a contribution total of 30,868 euros was recorded (2022: 11,924), often in cooperation with employers as an additional benefit for employees.
Sparkasse is planning more of its own PV systems – telephone advice is being expanded
The board members also dared to look into the future. Internal work should continue on climate neutrality by 2035. More photovoltaic systems on the savings bank buildings are planned, among other things.
From April 2nd, some communities will have to do without a branch with advisors at the counter: Ohlstadt, Böbing/Rottenbuch and Hohenpeißenberg. Nevertheless, customers can receive personal advice there by making an appointment. However, telephone advice, which is already used by many people, is being expanded. The 50 employees in the service centers answered an average of 1,000 calls every day last year. On peak days, up to 5,000 customers were spoken to. There were also 25,000 emails and 11,000 chat messages. In general, online banking is on the rise: 74 percent of customers use it. Many of them every day.
The printed annual report shows how many areas the Sparkasse is involved in. In 2023, 276,000 euros were invested in donations and sponsorship. Most in sports (94,000 euros). There was 62,000 euros for cultural projects, 61,000 euros for the environment and other 45,000 euros in the social sector and 14,000 euros went to educational institutions.
And what's next for the finances this year? Lanz remains cautious, but is still “fundamentally cautiously optimistic.”
Ursula Gallmetzer
Stay up-to-date on the most important stories with the
“Das Gelbe Blatt”
newsletter
every day at the end of the day or with the new
“Das Gelbe Blatt” app
.