Kerstin Berghoff-Ising is one of the rare women on the board of directors at one of Germany’s more than 400 savings banks.
She’s the head of organization and IT, personnel, and audit and compliance departments at the Sparkasse Hannover, or Hannover Savings Bank, which also happens to be well above the average gender ratio, with a female contingent of 50 percent at the top.
According to a Handelsblatt survey early this year, women hold only 10 of the 185 executive positions at the 50 largest members of the German Savings Bank Finance Group, or DSGV, which are governed by public law. That’s just 5.4 percent of the total.
“The development of management positions takes time,” said Ms. Berghoff-Ising, who joined the board at the end of 2014. “At Sparkasse Hannover, my colleagues were already saying several years ago: ‘We want women at the second level of level of management, with an eye toward the first.'”