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Commission overview on rescue measures

18 November 2008

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 17 November 2008

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

Finland

Finnish guarantee scheme

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

14 November 2008

5

France

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

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

30 October 2008

6

Germany

Restructuring aid
to Sachsen LB

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

4 June 2008

7

Germany

Restructuring aid
to IKB

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

21 October 2008

8

Germany

Rescue aid
to Hypo Real Estate Holding

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

2 October 2008

9

Germany

Rescue package
for the financial institutions in Germany

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

27 October 2008

10

Ireland

Guarantee scheme
for banks in Ireland

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

13 October 2008

11

Italy

Guarantee scheme for Italian banks

Commission authorises Italian scheme for refinancing credit institutions (IP/08/1706)

14 November 2008

12

Netherlands

Guarantee scheme
for Dutch financial institutions

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

30 October 2008

13

Netherlands

Measure in favour of ING

Commission approves Dutch emergency recapitalisation of ING (IP/08/1699)

13 November 2008

14

Portugal

Guarantee scheme
for credit institutions in Portugal

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

29 October 2008

15

Spain

Fund for the Acquisition of Financial Assets in Spain

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

4 November 2008

16

Sweden

Support measures for the banking industry in Sweden

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

29 October 2008

17

United Kingdom

Rescue aid
to Bradford and Bingley

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

1^st October 2008

18

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	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	Kaupthing Bank Finland AB	Notified 29 October 2008
7	Finland	Capital injection scheme	Discussion with the Member State ongoing
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	Financial support measures to Hungarian financial industry in form of recapitalisation and guarantee scheme	Discussion with the Member State ongoing
11	Latvia	Public support measures to Parex Banka Latvia	Notified 10 November 2008
12	Netherlands	Aegon	Discussion with the Member State ongoing
13	Netherlands	SNS/New capital injection by Dutch authorities	Discussion with the Member State ongoing
14	Poland	Guarantee scheme for banks	Discussion with the Member State ongoing
15	Portugal	Nationalisation of BPN (Banco Portugués de Negócios)	Discussion with the Member State ongoing
16	Portugal	Recapitalisation scheme	Notified 5 November 2008
17	Slovenia	Scheme to assure the stability of the financial system and deposit guarantee scheme	Notified 24 October / 15 October 2008
18	Spain	Spanish guarantee scheme	Discussion with the Member State ongoing
19	Sweden	Emergency rescue measures regarding Carnegie Investment Bank	Discussion with the Member State ongoing

	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	Finland	Finnish guarantee scheme	Commission approves Finnish support scheme for financial institutions (IP/08/1705)	14 November 2008
5	France	Financial support measures to the banking industry in France (Refinancing)	Decision not to raise objections (IP/08/1609)	30 October 2008
6	Germany	Restructuring aid to Sachsen LB	Conditional decision (after formal investigation procedure) (IP/08/849)	4 June 2008
7	Germany	Restructuring aid to IKB	Conditional decision (after formal investigation procedure) (IP/08/1557)	21 October 2008
8	Germany	Rescue aid to Hypo Real Estate Holding	Decision not to raise objections (IP/08/1453)	2 October 2008
9	Germany	Rescue package for the financial institutions in Germany	Decision not to raise objections (IP/08/1589)	27 October 2008
10	Ireland	Guarantee scheme for banks in Ireland	Decision not to raise objections (IP/08/1497)	13 October 2008
11	Italy	Guarantee scheme for Italian banks	Commission authorises Italian scheme for refinancing credit institutions (IP/08/1706)	14 November 2008
12	Netherlands	Guarantee scheme for Dutch financial institutions	Decision not to raise objections (IP/08/1610)	30 October 2008
13	Netherlands	Measure in favour of ING	Commission approves Dutch emergency recapitalisation of ING (IP/08/1699)	13 November 2008
14	Portugal	Guarantee scheme for credit institutions in Portugal	Decision not to raise objections (IP/08/1601)	29 October 2008
15	Spain	Fund for the Acquisition of Financial Assets in Spain	Decision not to raise objections (IP/08/1630)	4 November 2008
16	Sweden	Support measures for the banking industry in Sweden	Decision not to raise objections (IP/08/1600)	29 October 2008
17	United Kingdom	Rescue aid to Bradford and Bingley	Decision not to raise objections (IP/08/1437)	1^st October 2008
18	United Kingdom	Financial support measures to the banking industry in the UK	Decision not to raise objections (IP/08/1496)	13 October 2008

	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

Commission overview on rescue measures

18 November 2008

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