For the first time since 2000, Germany's banks and savings banks have created new positions. Last year, the total number of employees in the German banking sector increased by about 2,050 to 537,650, according to banking industry employers´association AGV Banken. The number of employees rose in private sector banks, credit cooperatives, and regional and promotional banks, while it remained unchanged for the savings banks.

The association notes a „demand for highly qualified employees“ to develop new products and processes, especially at the intersection of IT and banking. There is also a need for new talent in financial consulting. But AGV Banken does not see this as a reversal in employment trends. The long-term decline has only been „temporarily“ halted

In 2000, the industry employed 774,550 people. Since then, the workforce has shrunk by 31%, with private commercial banks reducing their staff by 38%, savings banks by 33%, credit cooperatives by 22%, and regional and promotional banks by 14%. Job cuts occurred in waves, peaking after the dot-com bubble in 2003, the financial crisis in 2009, and the low-interest phase in 2017.

The proportion of part-time workers has slightly decreased, with 24.9% of employees on part-time contracts last year, down from 25.4% the previous year. Meanwhile, the percentage of women in non-collective pay scale positions has increased to 36.5% from 35.9% the year before, up from around 20% in 2000.