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Reports Say Sparkasse Sought Over 7% on Bridge Loan to Gelsenkirchen Heist Victim

Customers face steep shortfalls because safe-deposit coverage tops out at €10,300.

Overview

  • After a late-December break-in at the Sparkasse branch in Gelsenkirchen-Buer, more than 3,000 safe-deposit boxes were found opened with gold, cash and valuables stolen.
  • Astrid Kaiser, a 57-year-old customer, says her retirement savings in gold were taken and that the bank offered her a bridge loan at more than 7% interest to cover a prebooked cruise payment.
  • The bank said in a written statement that advisers are available to help and that it is unaware of customers in acute financial difficulty following the thefts.
  • Authorities and media report that the total value of the haul remains unclear, with estimates ranging from the low hundreds of millions to potentially higher.
  • Tagesspiegel reports that lawsuits alleging inadequate security are pending against the bank, and Kaiser says she has joined the legal action.