The interest rates fall faster than the banks can grow. This experience is also the kreissparkasse Miesbach Tegernsee.

In fiscal year 2018, the interest income, therefore, the most important source of income and a Bank fell by 5.9 per cent, from 34.2 to 32.2 million euros, and pressed so that the profit for the year to 2.7 million Euro. Nevertheless, Chairman Martin Mihalovits at the balance-sheet showed a press conference with the overall development satisfied: “Despite the difficult economic conditions net assets, financial and earnings situation developed positively.”

ten years ago, net interest income at the savings banks far in excess of the administrative expenses. Personnel and non – personnel costs could be loose with the income Fund. Nowadays, in low interest rate times, this is different. Despite a steady growth in net interest income and administrative expenses are now almost on a par. The result: the savings Bank must save, and with measures such as the adjustment of opening Hours, the current cost pressures. “We don’t need this buffer so that we can one day get into the loss zone,” said Mihalovits.

On the market, however, these steps were often perceived differently. Example account maintenance fees: These are not by Far cover the costs. “Banks, which offer something for free, are simply,” the Chairman of the Board. “This can be just a pure marketing measure.”

your course, to be present on the ground, but at the same time consistently in the Online world, continuing the savings Bank. The investment in the digitisation and the associated training of staff will increase, therefore, in spite of a decline in net interest income. The introduction of the telephone customer center, for example, was excellent. Mihalovits speaks of the “massive increase in rates”.

The deposits of the approximately 40 000 customers, the number of which has for years been largely stable – to- increased by at least € 1.55 billion. The savings Bank recorded a significant increase compared with the previous year (1,45). Municipal or corporate clients with deposits in the seven-digit numbers, in the meantime, a custody fee. “These are individual agreements, the concern really is only big customers,” said Mihalovits. “We must not forget that us liquidity provision costs for a medium six-figure amount per year.”

A merger is for the savings Bank, which is under the 65 Bavarian institutions continue to be stable in the midfield, no issue. The Numbers give, in this respect, no reason to worry. “And we want to”, stated the Chairman of the Board, “in no predicament to come.” sh

The savings Bank in Numbers

balance sheet total: 1.87 billion Euro (year-on-year to 1.76);

loans: 1.19 billion euros (1,17);

deposits: 1.55 billion Euro (1,45);

balance sheet profit of 2.7 million euros (2.9);

equity: 139,8 million Euro (137,2);

number of employees: 331 (338).