Kreissparkasse Rhein-Hunsrück: Successful conclusion despite the recession!

Die Kreissparkasse Rhein-Hunsrück bilanziert 2024 in anspruchsvollem wirtschaftlichem Umfeld und erzielt Platz zwei bei Sparkassen in Deutschland.
The Kreissparkasse Rhein-Hunsrück accounts for 2024 in a demanding economic environment and achieved second place at Sparkassen in Germany. (Symbolbild/ANAG)

Kreissparkasse Rhein-Hunsrück: Successful conclusion despite the recession!

The Kreissparkasse Rhein-Hunsrück recently presented its balance sheet for 2024, in an economically challenging environment. Despite an inflation rate that is over 2 percent and a persistent recession, the Sparkasse succeeds in increasing its balance sheet total. These positive developments were in the current reporting of Rhein-Zeitung.de

In 2024, the monthly inflation rate was 2.6 %in December, which is an increase compared to the same month of the previous year. The annual average of inflation was also 2.2 % compared to the previous year 2023. These values, which were confirmed by Destatis.de Effect consumers.

challenges through inflation and recession

The inflation rates in Germany have changed dramatically in recent years. The values ​​for 2023 and 2022 were over 5 percent, the annual 2023 annual 5.9 % and in 2022 6.9 %. The year 2024 now marks a decrease in the inflation rate, but it remains a challenge for many citizens and companies.

The KSK Rhein-Hunsrück has asserted itself well despite these adverse circumstances. With second place in a ranking of the business magazine "Focus Money", which rated 100 savings banks in Germany, the balance that the customers and the infrastructure of the bank are stable.

price developments and living costs

The price development in 2024 was shaped by several factors. Services by 3.8 % and insurance companies were even more expensive by 13.2 %. At the same time, net rents rose by 2.1 %. On the other hand, energy prices dropped, which meant at least partially relief for many households. Electricity prices fell by 6.4 % and natural gas by 3.5 % compared to the previous year.

The price increase for food is also interesting. While some items such as dairy products were 2.1 % cheaper, the prices for food fats and oils rose by impressive 10.3 %. The KSK customers present these price developments with the challenge of re -evaluating their expenses, while the financial environment is tensed.

Board members of the Kreissparkasse, including Klaus Adams and Jörg Kappes, strive to navigate the bank through these economic turbulence. Your deputy Lars Neurohr, Astrid Graus and Jens Nick support you in this important task.

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