AGV Banks: Financial Institutions Slightly Increase Staffing as a Precautionary Measure

The number of employees in the German banking sector rose slightly again in 2025, according to a survey by the Employers’ Association of Private Banks. According to the survey, there were 548,700 employees at the end of 2025, representing an increase of just under one percent compared to the previous year. According to the AGV, this indicates that financial institutions are responding very early to the retirement of the baby boomer generation by proactively hiring slightly more skilled workers from the smaller younger age groups.
While the industry as a whole is growing slightly, the number of employees in the private banking sector is declining by 1.5% to 152,200 due to restructuring. On balance, this is expected to lead to a further decline…