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Erfurt / Bremen (dpa / th) - Thuringia's Ministry of Finance is concerned about an investment by the state totaling 50 million euros at the troubled Greensill Bank.
The finance ministry announced on Friday in Erfurt that the banking supervisory authority had imposed a moratorium on Bremer Bank and frozen all ongoing banking transactions.
The reason is an impending bankruptcy of the parent company Greensill Capital, which became known at the beginning of March.
According to the ministry, it is about two time deposits for Thuringia, each with a volume of 25 million euros, which were concluded with a fixed term.
In terms of liquidity management, the ministry works with freely available money in order to avoid fees, explained Finance Minister Heike Taubert (SPD).
The money is invested in various banks, especially public ones.
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The Ministry of Finance is assuming that the banking supervisory authority at Greensill Bank “, unlike Wirecard, pulled the rip cord in good time and thus also secured the money of institutional investors,” said Taubert.
Your ministry is examining legal steps "should it turn out that the supervisory authority has acted inadequately in the past seven months".
It is not known whether the bank's liquidity is sufficient to service the demands of all investors immediately.
"We will assert our demands in the interests of the country by all possible means," declared Taubert.
The current budget is not affected by a possible loss.
The minister also announced that she would revise her bank's investment guidelines.
© dpa-infocom, dpa: 210305-99-707231 / 2