Volksbanken: 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 joins the list of cooperative financial group banks requiring state support, according to a spokesperson for the institution. The bank sought assistance from the industry association BVR to secure aid, the spokesperson explained. "Providing the necessary guarantees ensures that Volksbank Kleverland does not have to rely on its own reserve funds," the spokesperson added, without disclosing the exact amount needed.
The "Rheinische Post" first reported on this development. A letter to representatives, cited in the Handelsblatt, states that certain loans have been identified as requiring "significant valuation adjustments." The Volksbank itself cannot manage this valuation adjustment without risking a violation of supervisory capital requirements.
This marks the latest rescue of Volks- and Raiffeisenbanks by the BVR stabilization fund, which previously supported five banks with guarantees and subsidies totaling 1.5 billion euros over the past two and a half years. The Volksbank Braunschweig Wolfsburg is likely to be the next to require assistance.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
