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The General Officials Bank (ABK) in Berlin is a small but very special institute. For 40 years, it has been granting loans primarily to teachers, police officers, soldiers and other public sector employees. They can also invest overnight money at the bank, but it’s not worth it.
Although key interest rates have been rising for a good year and many competitors are now tempting customers with attractive offers, the conditions at ABK remain at the minimum level of 0.0 percent. This is unlikely to be due to the fact that it takes a little longer to adapt to current developments, as with the target group that is being courted, but must be a conscious decision.
The official bank is not alone in this.