Sparkasse Altötting-Mühldorf: Construction financing on record course!

Sparkasse Altötting-Mühldorf: Construction financing on record course!

Mühldorf am Inn, Bayern, Deutschland - The Sparkasse Altötting-Mühldorf took a look at the 2024 financial year and found some interesting developments. The Sparkasse with its 445 employees looks after around 121,000 customers at 30 locations. The board members Markus Putz and Alexandra Schuhbauer emphasize that personal support and online discussions are decisive success factors in a challenging economic environment. After a year of inflation and political uncertainties, a positive trend can be observed: the demand for construction finance attracts again.

In 2024, the total asset of the Sparkasse was 3.588 billion euros, which corresponds to a moderate increase of 0.2 percent. This increase is also reflected in the increase in customer deposits by 5.7 percent to a total of EUR 2.786 billion. In the area of customer depots, growth was recorded from 9.8 percent to EUR 1.099 billion. The increase in the number of checking accounts, which rose 0.5 percent to 98,872, is also remarkable, with 80 percent of these accounts being managed online. Mangfall24 reports that the savings bank is also active in the area of further training in the area of 1,340 advanced training days 25 percent above average.

The challenges of recent years

Despite the positive economic signs, the year 2024 was challenging due to inflation, tedious labor market and political uncertainties. While the demand for construction loans and commercial financing at the beginning of the year was low, an upward trend with an increase in loan commitments was shown by 36 percent compared to the previous year.

The effects of the economic framework can also be felt in increasing unemployment in Bavaria. Nevertheless, the Sparkasse looks optimistically into the future: the mood among customers has improved considerably in 2025, and the construction financing is approaching the level before pandemic. Another goal of the Sparkasse is to become CO2-neutral by 2035 after the CO2 emissions could be reduced by almost 20 percent between 2020 and 2023.

commitment to the region

The Sparkasse Altötting-Mühldorf not only relies on economic success, but is also involved in socializing. In 2024, over 700 projects with a total of 540,000 euros were funded. Since 2010, the Sparkasse has invested impressive 6.5 million euros in the form of donations and sponsorship in the region. This commitment is highly valued by customers, 107,000 private and 14,000 corporate customers, and contributes to the positive perception of the Sparkasse in the region. Your legal form as an institution of public law and the sponsorship by the Sparkasse Altötting-Mühldorf also underline your solid basis.

Overall, the Sparkasse Altötting-Mühldorf also predicts challenges for 2025, but calculates with an adequate result and continues to focus on sustainability, customer satisfaction and long-term orientation.