Cunning thieves drill into German bank vault, steal millions of euros worth of property in grand heist

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Thieves stole tens of millions of euros worth of property from safety deposit boxes inside a German bank vault that they drilled into Monday during the holiday lull, police said.

Some 2,700 bank customers were affected by the theft in Gelsenkirchen, police and the Sparkasse bank said.

Thomas Nowaczyk, a police spokesperson, said investigators believe the theft was worth between 10 and 90 million euros ($11.7 to 105.7 million).

This picture, provided by the Gelsenkirchen Police on Monday, Dec. 29, 2025 shows a hole in a wall of the savings bank branch in the Buer district in Gelsenkirchen, Germany. AP

German news agency dpa reported that the theft could be one of Germany’s largest heists.

The bank remained closed Tuesday, when some 200 people showed up demanding to get inside, dpa reported.

Thomas Nowaczyk, press spokesman for the Gelsenkirchen police, gives a statement on the current situation at the Sparkasse branch in the Buer district. dpa/picture alliance via Getty Images

A fire alarm summoned police officers and firefighters to the bank branch shortly before 4 a.m. Monday.

They found a hole in the wall and the vault ransacked.

Police believe a large drill was used to break through the vault’s basement wall.

Police officers stand in front of the savings bank branch in the Buer district in Gelsenkirchen, Germany, Tuesday, Dec. 30, 2025 following a break-in into the bank’s vault. AP

Witnesses told investigators they saw several men carrying large bags in a nearby parking garage over the weekend.

Video footage from the garage shows masked people inside a stolen vehicle early Monday, police said.

Gelsenkirchen is about 192 kilometers (119 miles) northwest of Frankfurt.

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