Bailout case: Bankhaus RSA has received almost 450 million euros in guarantees
The Upper Bavarian financial institution requires significantly higher support from the BVR security institution than previously known. The portfolio of non-performing loans is particularly large.
The German bank RSA has received significantly higher guarantees from the support fund of the banking association BVR than previously known. The BVR's security institution provided guarantees of almost 447 million euros in late May, as well as a revenue subsidy of around 3 million euros. This compares to the 115 million euros in BVR aid previously reported by the bank.
The bank has 446 million euros in non-performing loans, and the BVR guarantee covers the entire portfolio of bad debts. Without the BVR's support, the bank's total capital ratio would have been only 2.03%, below the required 11.25%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
