Commission overview of national rescue measures and guarantee schemes

12 January 2009

The Commission issued an update of the overview of national rescue measures and guarantee schemes.

The Commission issued an update of the overview of national rescue measures and guarantee schemes.

 

This information is compiled from a range of sources and is provided for information only. The European Commission cannot confirm the completeness or accuracy of the information.

Press release

 

State aid cases - situation as of 12 January 2009

Decisions adopted by the Commission in 2008

 

Member State

Type of measure / Beneficiary

Type of Decision

Date of adoption

1

Austria

Aid scheme for the Austrian financial sector (guarantees, recapitalisation & other)

Decision not to raise objections
IP/08/1933

09 December 2008

2

Belgium/France/
Luxembourg

Guarantee on liabilities of Dexia

Decision not to raise objections
IP/08/1745

19 November 2008

3

Belgium/Luxembourg/

Netherlands

Measures in favour of Fortis

Decision not to raise objections
IP/08/1746

19 November 2008

4

Belgium/Luxembourg/

Netherlands

Restructuring aid to Fortis Bank and Fortis Bank Luxembourg

Decision not to raise objections
IP/08/1884

03 December 2008

5

Belgium

Recapitalisation measure in favour of KBC

Decision not to raise objections
IP/08/2033

18 December 2008

6

Denmark

Rescue aid to
Roskilde Bank

Decision not to raise objections (IP/08/1222)

31 July 2008

7

Denmark

Liquidation aid
Roskilde bank

Decision not to raise objections (IP/08/1633)

5 November 2008

8

Denmark

Guarantee scheme for banks in Denmark

Decision not to raise objections (IP/08/1483)

10 October 2008

9

Finland

Finnish guarantee scheme

Commission approves Finnish support scheme for financial institutions (IP/08/1705)

14 November 2008

10

France

Financial support measures to the banking industry in France
(Refinancing)

Decision not to raise objections (IP/08/1609)

30 October 2008

11

France

Financial support measures to the banking industry in France
(Recapitalisation)

Decision not to raise objections
(
IP/08/1900)

08 December 2008

12

Germany

Restructuring aid
to Sachsen LB

Conditional decision (after formal investigation procedure) (IP/08/849)

4 June 2008

13

Germany

Restructuring aid
to IKB

Conditional decision (after formal investigation procedure) IP/08/1557

21 October 2008

14

Germany

Rescue aid
to Hypo Real Estate Holding

Decision not to raise objections IP/08/1453

2 October 2008

15

Germany

Rescue package
for the financial institutions in
Germany

Amendment to the Decision

Decision not to raise objections IP/08/1589

IP/08/1966 

27 October 2008



12 December 2008

16

Germany

Bayern LB
Guarantee and recapitalisation

Decision not to raise objections
IP/08/2034

18 December 2008

17

Germany

Guarantee for NordLB

Decision not to raise objections
IP/08/2056

22 December 2008

18

Germany

State support for IKB

Decision not to raise objections
IP/08/2055

22 December 2008

19

Greece

Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other)

Decision not to raise objections
IP/08/1742

19 November 2008

20

Ireland

Guarantee scheme
for banks in
Ireland

Decision not to raise objections IP/08/1497

13 October 2008

21

Italy

Guarantee scheme for Italian banks

Decision not to raise objections IP/08/1706

14 November 2008

22

Italy

Recapitalisation scheme

Decision not to raise objections
IP/08/2059

23 December 2008

23

Latvia

Public support measures to Parex Banka Latvia

Decision not to raise objections
IP/08/1766

24 November 2008

24

Latvia

Guarantee scheme for banks

Decision not to raise objections
IP/08/2054

22 December 2008

25

Netherlands

Guarantee scheme
for Dutch financial institutions

Decision not to raise objections IP/08/1610

30 October 2008

26

Netherlands

Measure in favour of ING

Decision not to raise objections IP/08/1699

13 November 2008

27

Netherlands

Measure in favour of Aegon

Decision not to raise objections
IP/08/1822

27 November 2008

28

Netherlands

SNS Reaal/New capital injection by Dutch authorities

Decision not to raise objections
IP/08/1951

10 December 2008

29

Portugal

Guarantee scheme
for credit institutions in
Portugal

Decision not to raise objections IP/08/1601

29 October 2008

30

Slovenia

Guarantee scheme
for credit institutions in
Slovenia

Decision not to raise objections
IP/08/1964

12 December 2008

31

Spain

Fund for the Acquisition of Financial Assets in Spain

Decision not to raise objections IP/08/1630

4 November 2008

32

Spain

Spanish guarantee scheme for credit institutions

Decision not to raise objections
IP/08/2049

22 December 2008

33

Sweden

Support measures for the banking industry in Sweden

Decision not to raise objections IP/08/1600

29 October 2008

34

Sweden

Emergency rescue measures regarding Carnegie Investment Bank

Decision not to raise objections
IP/08/1977

15 December 2008

35

United Kingdom

Rescue aid
to Bradford and Bingley

Decision not to raise objections IP/08/1437

1st October 2008

36

United Kingdom

Aid scheme to the
to the banking industry in the
UK (guarantees, recapitalisation & other)

Amendment to the Decision

Decision not to raise objections IP/08/1496

IP/08/2057 

13 October 2008



22 December 2008

Remark: As a general rule, each of these schemes is reviewable after six months. This means that the first wave of reviews will start as from April 2009. Also some of the individual decisions are subject to a review and possible restructuring plan.

 

Cases currently under formal investigation procedure
(in-depth investigation under the EC Treaty’s rules on state aid)

 

 

Country

Type of measure / Beneficiary

Date of decision regarding the opening of formal investigation

 

1

Germany

Restructuring of
West LB

1 October 2008
(IP/08/1435)

Case under assessment

2

United Kingdom

Restructuring aid package for
Northern Rock

2 April 2008
(IP/08/489)

Case under assessment

 

Cases under assessment

1

Country

Type of measure

Comments

2

Belgium

Measures in favour of Ethias

Waiting for information from the Member State

3

Belgium/France/

Luxembourg

Dexia recapitalisation and other measures

Waiting for information from the Member State

4

Finland

Kaupthing Bank Finland AB

Discussion with the Member State ongoing

5

Hungary

Financial support measures to Hungarian financial industry in form of recapitalisation and guarantee scheme

Discussion with the Member State ongoing

6

Ireland

Recapitalisation of Anglo Irish Bank

Waiting for information from the Member State

7

Netherlands

Restructuring aid to Fortis Bank Nederland and ABN

Waiting for information from the Member State

8

Poland

Guarantee scheme for banks

Waiting for information from the Member State

9

Portugal

Nationalisation of BPN (Banco Portugués de Negócios)

Discussion with the Member State ongoing. Waiting for submission of restructuring plan.

10

Portugal

Recapitalisation scheme

Notified 5 November 2008. Waiting for additional information from Portugal.

11

Portugal

Banco Privado Portugues

Discussion with the Member State ongoing

12

Slovenia

Liquidity Scheme

Notification received.

 


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