Robbers drill into German bank, steal cash, gold and jewelry worth $35 million

Robbers used a large drill to break into a German savings bank's vault room and steal cash, gold and jewelry worth some 30 million euros ($35 million), police said Tuesday.

Kanishka Singharia
Updated30 Dec 2025, 09:55 PM IST
Policemen and concerned bank customers stand in front of a branch of the Sparkasse bank in Gelsenkirchen, western Germany after the bank was robbed. According to media reports, concerned bank customers gathered in front of the bank to find out what happened to their valuables, after one or several unknown perpetrator(s) drilled a hole in the bank's vault and broke in during the Christmas holidays.
Policemen and concerned bank customers stand in front of a branch of the Sparkasse bank in Gelsenkirchen, western Germany after the bank was robbed. According to media reports, concerned bank customers gathered in front of the bank to find out what happened to their valuables, after one or several unknown perpetrator(s) drilled a hole in the bank's vault and broke in during the Christmas holidays. (AFP)

Thieves smashed into a German bank in the Western city of Gelsenkirchen, grabbed cash, gold, and jewellery worth some 30 million euros in the early hours of Monday, news agency AFP reported. They forced their way into the German Savings Bank's vault room using a large drill, and ransacked more than 3,000 safe deposit boxes.

Security camera footage showed masked individuals leaving the bank’s parking garage in a black Audi RS 6. Police said the vehicle was fitted with a number plate that had been reported stolen earlier in the city of Hanover. Witnesses also said several men were seen carrying large bags through the parking garage stairwell overnight between Saturday and Sunday.

Investigators believe the gang remained inside the premises for much of the weekend, during which they forced open the safe deposit boxes.

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Although the suspects have not yet been caught, hundreds of anxious customers gathered outside the bank branch on Tuesday seeking answers. Police cordoned off the area and prevented people from approaching the building.

The burglary was discovered after a fire alarm was activated, prompting emergency services to respond and find the breach.

A police spokesman told AFP that the break-in was “indeed very professionally executed”, comparing it to the heist film “Ocean’s Eleven”.

“A great deal of prior knowledge and/or a great deal of criminal energy must have been involved to plan and carry this out,” he said.

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According to police estimates, the more than 3,000 affected safe deposit boxes carried an average insured value of 10,000 euros, putting the total damage at around 30 million euros.

Several victims have informed officers that the actual value of the items stolen was far higher than the insured limits of their boxes.

The police spokesman said “disgruntled customers” had gathered outside the branch, which remained closed for security reasons after threats were made against staff.

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“We’re still on site, keeping an eye on things,” he said, adding that “the situation has calmed down considerably”.

The incident follows a major robbery earlier this year at Paris’s Louvre Museum, where thieves struck a high-security gallery containing historic crown jewels and escaped with artefacts worth tens of millions of euros. The theft prompted a sweeping security review in France and sparked an international investigation.

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