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Christmas Heist: €100 Million Stolen from German Bank

1/5/2026

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Story summary
  • The Sparkasse Gelsenkirchen bank in Germany faced a professional heist during Christmas weekend, stealing from more than 3,000 safe deposit boxes.
  • Initial estimates suggest the loot could exceed €100 million (US$117.24 million), while the insured value was about €31 million (US$36 million).
  • Police described the operation as professional and noted that the thieves drilled through the vault wall.
  • The bank remains closed for repairs and to inventory the stolen items.