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.

 

© European Commission