Stützungsfall: Bankhaus RSA hat fast 450 Millionen Euro an Garantien erhalten
Das oberbayerische Kreditinstitut benötigt eine deutlich höhere Unterstützung der BVR-Sicherungseinrichtung als bisher bekannt. Das Portfolio notleidender Kredite ist besonders groß.
The Stützungsfall involving Bankhaus RSA has seen it receive nearly €447 million in guarantees from Stützungsfonds of the BVR industry association, surpassing previous knowledge. The Bundesanstalt für Finanzdienstleistungen (BVR) safeguarding mechanism (SE) provided this support, with end-of-year 2025 accounts showing the sum. Additionally, RSA received a modest €3 million in earnings subsidies.
Previously, the bank had disclosed around €115 million in BVR assistance, but this figure did not account for the substantial €446 million in troubled loans. First reported by the branch service "Finanzbusiness" at the start of 2024, BVR has supported or is on the verge of supporting ten banks with guarantees, subsidies, and capital.
Combined with RSA's Stützung, these aids total nearly €2.5 billion. The SE acts as a lifeline for the entire bank and all its depositors in emergencies. Various rescued savings banks had advanced real estate financing and other projects during low-interest rates in the 2010s which have now turned negative. RSA's loans for commercial real estate are also deemed "notleidend," meaning they are non-performing if creditors are late by at least 90 days or if the bank deems repayment improbable.
RSA stated that a portion of these loans is covered by collateral, leaving a remaining "blanko" amount of around €115 million. However, the BVR Stützungfonds secures the entire portfolio of non-performing loans, otherwise the bank would have fallen short of the supervisory-required equity ratio.
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