Overview of national rescue measures and deposit guarantee schemes

05 November 2008

The European Commission prepared an overview on state-aid cases and decisions adopted by the Commission in 2008 in response to the financial crises.

The European Commission prepared an overview on state aid cases and decisions adopted by the Commission in 2008 in response to the financial crises.

 

 

 

 

Press release

 

Decisions adopted by the Commission in 2008

 

 

Member State

Type of measure / Beneficiary

Type of Decision

Date of adoption

1

Denmark

Rescue aid to
Roskilde Bank

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

31 July 2008

2

Denmark

Liquidation aid
Roskilde bank

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

5 November 2008

3

Denmark

Guarantee scheme for banks in Denmark

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

10 October 2008

4

France

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

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

30 October 2008

5

Germany

Restructuring aid
to Sachsen LB

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

4 June 2008

6

Germany

Restructuring aid
to IKB

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

21 October 2008

7

Germany

Rescue aid
to Hypo Real Estate Holding

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

2 October 2008

8

Germany

Rescue package
for the financial institutions in Germany

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

27 October 2008

9

Ireland

Guarantee scheme
for banks in Ireland

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

13 October 2008

10

Netherlands

Guarantee scheme
for Dutch financial institutions

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

30 October 2008

11

Portugal

Guarantee scheme
for credit institutions in Portugal

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

29 October 2008

12

Sweden

Support measures for the banking industry in Sweden

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

29 October 2008

13

United Kingdom

Rescue aid
to Bradford and Bingley

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

1st October 2008

14

United Kingdom

Financial support measures
to the banking industry in the UK

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

13 October 2008

15

Spain

Fund for the Acquisition of Financial Assets in Spain

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

4 November 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

Discussion with the Member State ongoing

2

Belgium/France/Luxembourg

Measures in favour of Dexia

Discussion with the Member State ongoing

3

Belgium

Measures in favour of Ethias

Discussion with the Member State ongoing

4

Belgium

Measures in favour of KBC

Discussion with the Member State ongoing

5

Belgium/Luxembourg/
Netherlands

Measures in favour of Fortis

Notified 30 September 2008

6

Finland

Finnish guarantee scheme

Discussion with the Member State ongoing

7

Finland

Kaupthing Bank Finland AB

Notified 29 October 2008

8

France

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

Discussion with the Member State ongoing

9

Greece

Support measures to the banking industry in Greece

Discussion with the Member State ongoing

10

Hungary

Hungarian scheme

Discussion with the Member State ongoing

11

Italy

Guarantee scheme for Italian banks

Notified 17 October 2008

12

Netherlands

Aegon

Discussion with the Member State ongoing

13

Netherlands

Measure in favour of ING

Notified 22 October 2008

14

Slovenia

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

Notified
24 October / 15 October 2008

15

Spain

Spanish guarantee scheme

Discussion with the Member State ongoing

 

Note: The European Commission cannot confirm the completeness or accuracy of the information.


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