Vestia is demanding compensation from BNP Paribas for the role of the French bank in the interest rate scandal that almost killed the Dutch housing association in 2012.

Vestia filed the claim with the High Court of Justice in London on Thursday, the housing corporation announced on Monday.

Vestia claims to have suffered 300 million euros in damage from BNP Paribas, although it is not yet clear what amount the corporation actually claims.

That amount will be determined at a later date.

Vestia ran into serious financial difficulties in 2012 when hedging interest rate risks.

The company's cash manager responded to an increase in interest.

However, when interest rates began to fall, Vestia ran into problems and the housing corporation had to make substantial additional payments.

The problems were so great that other housing corporations had to keep Vestia afloat.

The total damage for Vestia and the other corporations amounted to 2.5 billion euros.

According to Vestia, BNP Paribas played a bad role in buying the interest products.

The bank is said to be partly responsible for the fact that an intermediary bribed Vestia's cash manager.

The intermediary and the cash manager have been convicted for this.

Vestia previously reached settlements in this case with, among others, Deutsche Bank, ABN AMRO, a former director and various former supervisory directors of the corporation.

The lawsuit against the former cash manager is still ongoing.

The claim against BNP Paribas has been filed in London, because this has been agreed in the contracts.