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The Commission updated its overview of measures adopted as a response to the financial/economic crisis. This
Communications from the Commission to provide guidance to Member States
Ø Communication from the Commission — The application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis ,
Ø Communication from the Commission — The recapitalisation of financial institutions in the current financial crisis: limitation of aid to the minimum necessary and safeguards against undue distortions of competition,
Ø Communication from the Commission on the Treatment of Impaired Assets in the Community Banking Sector,
Ø Communication from the Commission - Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, adopted on
Decisions adopted by the Commission in 2008/2009
|
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 |
09 December 2008 |
2 |
Belgium/France/ |
Guarantee on liabilities of Dexia |
Decision not to raise objections |
19 November 2008 |
3 |
Belgium/France/ |
Guarantee in favour of Dexia on certain assets in FSA |
Decision not to raise objections |
13 March 2009 |
4 |
Belgium/Luxembourg/Netherlands |
Measures in favour of Fortis |
Decision not to raise objections |
19 November 2008 |
5 |
Belgium/Luxembourg/Netherlands |
Restructuring aid to Fortis Bank and Fortis Bank |
Decision not to raise objections |
03 December 2008 |
6 |
Belgium/Luxembourg |
Additional aid measures in favour of Fortis Bank and Fortis Bank |
Decision not to raise objections |
12 May 2009 |
7 |
Belgium |
Recapitalisation measure in favour of KBC |
Decision not to raise objections |
18 December 2008 |
8 |
Belgium |
Capital Injection for Ethias Group |
Decision not to raise objections |
12 February 2009 |
9 |
Denmark |
Rescue aid to Roskilde Bank |
Decision not to raise objections ( IP/08/1222) |
31 July 2008 |
10 |
Denmark |
Liquidation aid Roskilde bank |
Decision not to raise objections IP/08/1633 |
5 November 2008 |
11 |
Denmark |
Guarantee scheme for banks in Denmark |
Decision not to raise objections IP/08/1483 |
10 October 2008 |
12 |
Denmark |
Recapitalisation scheme and amendment of the guarantee scheme |
Decision not to raise objectives |
3 February 2009 |
13 |
Denmark |
Rescue aid for Fionia Bank |
Decision not to raise objectives |
20 May 2009 |
14 |
Finland |
Finnish guarantee scheme Prolongation and modification |
Decision not to raise objections Decision not to raise objections |
14 November 2008 30 April 2009 |
15 |
Finland |
Guarantee for Kaupthing Bank |
Decision not to raise objections |
21 January 2009 |
16 |
France |
Financial support measures to the banking industry in (Refinancing) Extension of the scheme |
Decision not to raise objections IP/08/1609 Decision not to raise objections |
30 October 2008 12 May 2009 |
17 |
France |
Financial support measures to the banking industry in (Recapitalisation) Amendment to the Decision Amendment to the Decision |
Decision not to raise objections |
08 December 2008 28 January 2009 23 March 2009 |
18 |
France |
Capital injection for Caisse d'Epargne and Banque Populaire |
Decision not to raise objections |
8 May 2009 |
19 |
Germany |
Restructuring aid to Sachsen LB |
Conditional decision (after formal investigation procedure |
4 June 2008 |
20 |
Germany |
Restructuring aid to IKB |
Conditional decision (after formal investigation procedure) IP/08/1557 |
21 October 2008 |
21 |
Germany |
Rescue aid |
Decision not to raise objections IP/08/1453 |
2 October 2008 |
22 |
Germany |
Aid scheme |
Decision not to raise objections IP/08/1589 |
27 October 2008 |
23 |
Germany |
Guarantee and recapitalisation for Bayern LB |
Decision not to raise objections |
18 December 2008 |
24 |
Germany |
Guarantee for NordLB |
Decision not to raise objections |
22 December 2008 |
25 |
Germany |
Guarantee for IKB |
Decision not to raise objections |
22 December 2008 |
26 |
Germany |
Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH |
Decision not to raise objections |
22 January 2009 |
27 |
Germany |
Commerzbank capital injection |
Decision not to raise objections |
7 May 2009 |
28 |
Germany |
Aid for the restructuring of West LB |
Conditional decision (after formal investigation procedure) |
12 May 2009 |
29 |
Greece |
Aid scheme to the banking industry in |
Decision not to raise objections |
19 November 2008 |
30 |
Hungary |
Financial support measures to Hungarian financial industry in form of recapitalisation and guarantee scheme |
Decision not to raise objections |
12 February 2009 |
31 |
Ireland |
Guarantee scheme |
Decision not to raise objections IP/08/1497 |
13 October 2008 |
32 |
Ireland |
Recapitalisation of Anglo Irish Bank |
Decision not to raise objections |
14 January 2009 |
33 |
Ireland |
Change of ownership of Anglo Irish Bank |
Decision not to raise objections |
17 February 2009 |
34 |
Ireland |
Recapitalisation of Bank of |
Decision not to raise objections |
26 March 2009 |
35 |
Ireland |
Recapitalisation of Allied Irish Bank |
Decision not to raise objections |
12 May 2009 |
36 |
Italy |
Guarantee scheme for Italian banks |
Decision not to raise objections IP/08/1706 |
14 November 2008 |
37 |
Italy |
Recapitalisation scheme |
Decision not to raise objections |
23 December 2008 |
38 |
Latvia |
Public support measures to Parex Banka Amendment to the Decision |
Decision not to raise objections |
24 November 2008 11 May 2009 |
39 |
Latvia |
Guarantee scheme for banks |
Decision not to raise objections |
22 December 2008 |
40 |
Netherlands |
Guarantee scheme for Dutch financial institutions |
Decision not to raise objections IP/08/1610 |
30 October 2008 |
41 |
Netherlands |
Measure in favour of ING |
Decision not to raise objections IP/08/1699 |
13 November 2008 |
42 |
Netherlands |
Measure in favour of Aegon |
Decision not to raise objections |
27 November 2008 |
43 |
Netherlands |
SNS Reaal/New capital injection by Dutch authorities |
Decision not to raise objections |
10 December 2008 |
44 |
Netherlands |
ING Illiquid asset facility |
Decision not to raise objections |
31 March 2009 |
45 |
Portugal |
Guarantee scheme |
Decision not to raise objections IP/08/1601 |
29 October 2008 |
46 |
Portugal |
State guarantee for Banco Privado Português |
Decision not to raise objections |
13 March 2009 |
47 |
Portugal |
Recapitalisation scheme |
Decision not to raise objections |
20 May 2009 |
48 |
Slovenia |
Guarantee scheme |
Decision not to raise objections |
12 December 2008 |
49 |
Slovenia |
Liquidity scheme for financial sector |
Decision not to raise objections |
20 March 2009 |
50 |
Spain |
Fund for the Acquisition of Financial Assets in |
Decision not to raise objections IP/08/1630 |
4 November 2008 |
51 |
Spain |
Spanish guarantee scheme for credit institutions |
Decision not to raise objections |
22 December 2008 |
52 |
Sweden |
Support measures for the banking industry in Amendment to the decision Amendment and prolongation |
Decision not to raise objections IP/08/1600 |
29 October 2008 28 January 2009 28 April 2009 |
53 |
Sweden |
Emergency rescue measures regarding Carnegie Investment Bank |
Decision not to raise objections |
15 December 2008 |
54 |
Sweden |
Recapitalisation scheme |
Decision not to raise objections |
11 February 2009 |
55 |
United Kingdom |
Rescue aid |
Decision not to raise objections IP/08/1437 |
1 st October 2008 |
56 |
United Kingdom |
Aid scheme Prolongation |
Decision not to raise objections IP/08/1496 Decision not to raise objections |
13 October 2008 15 April 2009 |
57 |
United Kingdom |
Working capital guarantee scheme |
Decision not to raise objections |
24 March 2009 |
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 |
Belgium/France/ Luxembourg |
Restructuring of Dexia |
13 March 2009 ( IP/09/399) |
Case under assessment |
2 |
Germany |
Aid package for |
7 May 2009 |
Case under assessment |
3 |
Germany, Austria |
Aid package for Bayern LB and its Austrian subsidiary Hypo Group Alpe Adria |
12 May 2009 IP/09/742 |
Case under assessment |
4 |
United Kingdom |
Restructuring aid for Northern Rock Extension of the ongoing in-depth investigation |
2 April 2008 ( IP/08/489) 7 May 2009 |
Case under assessment |
5 |
Netherlands |
ING Illiquid asset facility |
31 March 2009 |
Case under assessment |
6 |
Netherlands |
State measures in favour of Fortis Bank Nederland (FBN) and the activities of ABN Amro |
8 April 2009 |
Case under assessment |
Real economy cases falling under the Temporary Framework - situation as of
Decisions adopted by the Commission in 2008/2009
|
Member State |
Type of measure / Beneficiary |
Type of decision |
Date of adoption |
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1 |
Austria |
N 47/a/2009- Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
20 March 2009 |
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2 |
Austria |
N 47/d/2009- Temporary scheme (risk capital) |
Decision not to raise objections I P/09/484 |
25 March 2009 |
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3 |
Belgium |
N 117/2009- Temporary scheme (subsidised guarantees) |
Decision not to raise objections |
20 March 2009 |
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4 |
Czech Republic |
N 237/2009 - Temporary scheme (subsidised interest rates) |
Decision not to raise objections |
6 May 2009 |
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5 |
Czech Republic |
N 236/2009 - Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
7 May 2009 |
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6 |
Denmark |
N 198/2009 - Temporary scheme (export-credit insurance) |
Decision not to raise objections |
6 May 2009 |
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7 |
France |
N 7/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
19 January 2009 |
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8 |
France |
N 15/2009 - Temporary scheme (reduced interest rates) |
Decision not to raise objections |
4 February 2009 |
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9 |
France |
N 11/2009 - Temporary scheme (reduced interest rates – to producers of green products) |
Decision not to raise objections |
3 February 2009 |
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10 |
France |
N 23/2009 - Temporary scheme (subsidised guarantees) |
Decision not to raise objections |
27 February 2009 |
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11 |
France |
N 119/2009 - modification of French risk capital scheme |
Decision not to raise objections |
16 March 2009 |
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12 |
Germany |
N 661/2008 – KfW run special program 2009 (interest subsidies) |
Decision not to raise objections ( IP/08/2063) |
30 December 2008 |
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13 |
Germany |
N 668/2008 – Temporary scheme (limited amount of compatible aid) |
Decision not to raise objections |
30 December 2008 |
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14 |
Germany |
N 39/2009 – Temporary adaptation of risk-capital schemes |
Decision not to raise objections |
3 February 2009 |
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15 |
Germany |
N 27/2009 - Temporary scheme (guarantees) |
Decision not to raise objections |
27 February 2009 |
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16 |
Germany |
N 38/2009 - Temporary scheme (reduced interest rates) |
Decision not to raise objections |
19 February 2009 |
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17 |
Hungary |
N 114/2009- Temporary scheme (guarantees) |
Decision not to raise objections |
10 March 2009 |
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18 |
Hungary |
N 77/2009 - Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
24 February 2009 |
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19 |
Hungary |
N 78/2009 – Temporary scheme (subsidised interest rates) |
Decision not to raise objections |
24 February 2009 |
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20 |
Hungary |
N 203/2009 - Temporary scheme (guarantees) |
Decision not to raise objections |
24 April 2009 |
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21 |
Ireland |
N 186/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
15 April 2009 |
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22 |
Latvia |
N 124/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
19 March 2009 |
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23 |
Latvia |
N 139/2009 - Temporary scheme (guarantees) |
Decision not to raise objections |
22 April 2009 |
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24 |
Luxembourg |
N 99/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
26 February 2009 |
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25 |
Luxembourg |
N 128/2009 – Temporary scheme (guarantees) |
Decision not to raise objections |
11 March 2009 |
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26 |
Luxembourg |
N 50/2009 – Temporary scheme (export-credit insurance) |
Decision not to raise objections |
20 April 2009 |
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27 |
Malta |
N 118/2009 - Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
18 May 2009 |
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28 |
Netherlands |
N 156/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
1 April 2009 |
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29 |
Portugal |
N 13/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
19 January 2009 |
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32 |
Slovak Republic |
N 222/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
30 April 2009 |
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33 |
Spain |
N 140/2009 – Temporary scheme (aid for green cars) |
Decision not to raise objections |
29 March 2009 |
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34 |
United Kingdom |
N 43/2009 – Temporary scheme (aid up to € 500 000) |
Decision not to raise objections |
4 February 2009 |
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35 |
United Kingdom |
N 71/2009 – Temporary scheme (guarantees) |
Decision not to raise objections |
27 February 2009 |
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36 |
United Kingdom |
N 72/2009 – Temporary scheme (to businesses producing green products) |
Decision not to raise objections |
27 February 2009 |
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37 |
United Kingdom |
N 257/2009 – Temporary scheme (subsidised interest rates) |
Decision not to raise objections |
15 May 2009 |
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