Commission overview on rescue measures

04 December 2008

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.

 

State aid cases - situation as of 3 December 2008

 

Decisions adopted by the Commission in 2008

 

 

Member State

Type of measure / Beneficiary

Type of Decision

Date of adoption

1

Belgium/France/
Luxembourg

Measures in favour of Dexia

Decision not to raise objections
IP/08/1745

19 November 2008

2

Belgium

Measures in favour of Fortis

Decision not to raise objections
IP/08/1746

19 November 2008

3

Belgium/Luxembourg/Netherlands

Restructuring aid to Fortis Bank and Fortis Bank Luxembourg

Decision not to raise objections
IP/08/1884

03 December 2008

4

Denmark

Rescue aid to
Roskilde Bank

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

31 July 2008

5

Denmark

Liquidation aid
Roskilde bank

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

5 November 2008

6

Denmark

Guarantee scheme for banks in Denmark

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

10 October 2008

7

Finland

Finnish guarantee scheme

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

14 November 2008

8

France

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

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

30 October 2008

9

Germany

Restructuring aid
to Sachsen LB

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

4 June 2008

10

Germany

Restructuring aid
to IKB

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

21 October 2008

11

Germany

Rescue aid
to Hypo Real Estate Holding

Decision not to raise objections (IP/08/1453)

2 October 2008

12

Germany

Rescue package
for the financial institutions in Germany

Decision not to raise objections (IP/08/1589)

27 October 2008

13

Greece

Support measures to the banking industry in Greece

Decision not to raise objections
IP/08/1742

19 November 2008

14

Ireland

Guarantee scheme
for banks in Ireland

Decision not to raise objections (IP/08/1497)

13 October 2008

15

Italy

Guarantee scheme for Italian banks

Decision not to raise objections (IP/08/1706)

14 November 2008

16

Latvia

Public support measures to Parex Banka Latvia

Decision not to raise objections
IP/08/1766

24 November 2008

17

Netherlands

Guarantee scheme
for Dutch financial institutions

Decision not to raise objections (IP/08/1610)

30 October 2008

18

Netherlands

Measure in favour of ING

Decision not to raise objections (IP/08/1699)

13 November 2008

19

Netherlands

Measure in favour of Aegon

Decision not to raise objections
IP/08/1822

27 November 2008

20

Portugal

Guarantee scheme
for credit institutions in Portugal

Decision not to raise objections (IP/08/1601)

29 October 2008

21

Spain

Fund for the Acquisition of Financial Assets in Spain

Decision not to raise objections (IP/08/1630)

4 November 2008

22

Sweden

Support measures for the banking industry in Sweden

Decision not to raise objections (IP/08/1600)

29 October 2008

23

United Kingdom

Rescue aid
to Bradford and Bingley

Decision not to raise objections (IP/08/1437)

1st October 2008

24

United Kingdom

Financial support measures
to the banking industry in the UK

Decision not to raise objections (IP/08/1496)

13 October 2008
                 

 

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 procedure

 

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

 

Country

Type of measure

Comments

1

Austria

Aid scheme for the Austrian financial sector

Notified 31 October 2008

2

Belgium

Measures in favour of Ethias

Discussion with the Member State ongoing

3

Belgium

Measures in favour of KBC

Notified 01 December 2008

4

Belgium/France/Luxembourg

Dexia recapitalisation

Discussion with the Member State ongoing

5

Finland

Kaupthing Bank Finland AB

Notified 29 October 2008

6

Finland

Capital injection scheme

Discussion with the Member State ongoing

7

France

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

Discussion with the Member State ongoing

8

Hungary

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

Discussion with the Member State ongoing

9

Italy

Recapitalisation scheme

Notified 17 October 2008

10

Latvia

Guarantee scheme

Discussion with the Member State ongoing

11

Netherlands

SNS Reaal/New capital injection by Dutch authorities

Notified 25 November 2008

12

Poland

Guarantee scheme for banks

Discussion with the Member State ongoing

13

Portugal

Nationalisation of BPN (Banco Portugués de Negócios)

Discussion with the Member State ongoing

14

Portugal

Recapitalisation scheme

Notified 5 November 2008

15

Slovenia

Scheme to assure the stability of the financial system and deposit guarantee scheme

Notified
24 October / 15 October 2008

16

Spain

Spanish guarantee scheme

Discussion with the Member State ongoing

17

Sweden

Emergency rescue measures regarding Carnegie Investment Bank

Discussion with the Member State ongoing

18

Sweden

Kapthing Bank

Discussion with the Member State ongoing

 


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