Mittelbrandenburgische Sparkasse Reports Surge in Wealth Creation and Prepares Refunds
Germany's largest regional savings bank sees record asset growth in 2024 while preparing to reimburse customers for improper fees after a court ruling.
- The Mittelbrandenburgische Sparkasse (MBS) saw 887 million euros in new deposits and investments in 2024, a significant increase from 24 million euros in 2023.
- Net purchases of securities by MBS customers totaled 346 million euros, reflecting growing but cautious participation in capital markets.
- A Federal Court ruling deemed negative interest rates on certain savings accounts unlawful, prompting MBS to prepare refunds totaling approximately 28,000 euros to affected customers.
- MBS's total assets rose by 4.3% in 2024 to an estimated 16.8 billion euros, with customer deposits increasing by 4.0% to 14.0 billion euros.
- Despite workforce reductions and prior branch closures, MBS expanded its ATM network to 199 machines, countering trends in cashless payment adoption.
Der Tagesspiegel 
Die Zeit 