Genossenschaftsinstitute: Auch die Volksbank Kleverland wird zum Stützungsfall
Eine weitere Genossenschaftsbank benötigt Hilfen von der Sicherungseinrichtung des Sektors. Sie muss Wertberichtigungen auf Kredite vornehmen, die sie „nicht aus eigener Kraft tragen“ kann.
Frankfurt - The Volksbank Kleverland has become the latest institution in need of support within the Genossenschaftlichen Finanzgruppe, a cooperative financial group. The bank has applied for assistance through the Federal Association of Volks- and Raiffeisen Banks (BVR) relief facility, according to a spokesperson for the credit institution.
"Granting the corresponding guarantees ensures that the Volksbank Kleverland does not need to rely on its own reserve funds," the spokesperson explained. The exact amount of the required guarantees was not disclosed. The "Rheinische Post" was the first to report on this matter. A letter to representatives, obtained by the Handelsblatt, stated that a "significant valuation need" had been identified in several loans.
The bank itself could not handle this need without potentially breaching supervisory capital requirements. Several Volks- and Raiffeisen banks have required rescue through the BVR stabilization fund in recent years, as they had fallen on hard times due to risky business dealings. Over the past nearly two and a half years, the BVR has provided five banks with guarantees and subsidies totaling 1.5 billion euros. It is expected that the Volksbank Braunschweig Wolfsburg will now also require assistance.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
