Dekabank Raises Profit Forecast Amid Record Fund Sales

Dekabank, the asset management company wholly owned by Germany's Sparkassen (savings banks), has announced record sales of funds and certificates in the first half of 2026. This strong performance has prompted the institution to raise its profit forecast for the full year.

The company now anticipates a profit of approximately 800 million euros, an increase from its previous projection of over 700 million euros. Despite this upward revision, the projected profit remains below the near-record 962.9 million euros achieved in 2025. In the first six months of 2026, Dekabank's sales of funds and certificates climbed by 14.6% compared to the same period last year, reaching over 23.3 billion euros.

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More and more people have recognized the importance of the capital market for their wealth accumulation over the past few years.

Dekabank's CEO, Georg Stocker, noted that an increasing number of individuals are recognizing the importance of capital markets for wealth accumulation. However, he cautioned that a significant portion of the population remains uninvolved in capital market investments. To address this, Dekabank is preparing to introduce a new government-subsidized private pension savings product in 2027, which will allow individuals to save for retirement using ETFs and funds.

Meanwhile, the competitive landscape for retirement savings products is heating up. Scalable Capital, a neobroker, has already announced plans for a standard savings account with no fees for account management, savings plans, deposits, withdrawals, or trades. The ongoing costs for funds used by Scalable Capital are expected to be capped at 0.15% annually.

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However, a large part of the population is still not invested in the capital market (...), these figures should not be misleading.