A German bank manager has been given a 22-month suspended prison sentence after she was found guilty of transferring €7.6m from rich customers to the accounts of indebted clients.

The 62-year-old woman, dubbed the 'Robin Hood Banker', was found guilty of transferring the money in 117 separate transfers over a 14-month period between December 2003 and February 2005.

As a rule the banker moved the money back when the indebted clients were solvent again.

However, €1.1m was lost when a number of customers could not repay their debts.

The court in Bonn took a lenient view of the fraud as she owned up immediately and did not take any of the money for herself.

They also judged she had suffered enough after losing her job and paying compensation.

According to press reports, she now lives off a tiny pension.