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State aid: Commission's new on-line state aid benchmarking tool shows less aid to banks

Commission Européenne - IP/13/1301   20/12/2013

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European Commission

Press release

Brussels, 20 December 2013

State aid: Commission's new on-line state aid benchmarking tool shows less aid to banks

The most recent State aid Scoreboard, published today, shows that there was a sharp reduction in the outstanding guarantee support provided by Member States to the financial sector during the crisis.

The new State Aid Scoreboard can be found here: http://ec.europa.eu/competition/state_aid/scoreboard/index_en.html

Support to banks

Between October 2008 and 31 December 2012 Member States provided € 591.9 billion (4.6 % of EU 2012 GDP) of capital support (recapitalisation and asset relief measures) to the financial sector.

The guarantees measures and other forms of liquidity support reached its peak in 2009 with an outstanding amount of € 906 billion (7.78 % of EU 2012 GDP). As the crisis became gradually less intense in many EU countries, the outstanding amount of guarantee and other forms of liquidity support has dropped by almost half to € 534.5 billion (4.14 % of EU 2012 GDP) in 2012. Less than 0.2% – that is € 2 billion – of the total guarantees provided by Member States has actually been called to date.

The four countries that granted the most capital support were the UK (€ 82 billion), Germany (€ 64 billion), Ireland (€ 63 billion), and Spain (€ 60 billion). Together they make up around 50% of the total. The top receiving banks were RBS (46 billion), Anglo Irish Bank (32 billion) and Bankia (22 billion).

Over the last few years, assisted banks and other financial institutions have started repaying the aid received. They have also started paying fees and remuneration in return for the support received and some of the assets nationalised during the crisis have generated benefits. As result, as of end 2012, Member States have perceived a total revenue of € 125 billion (0.97% of EU 2012 GDP) in exchange for their support to the banks (data from Eurostat1).

Long-term trends in non-crisis aid

Non-crisis aid increased by € 3 billion in 2012 and was at € 67.2 billion or 0.52% of EU GDP. Almost 85% was earmarked for horizontal objectives of common interest. Most notably, the Commission observed again a large focus on aid measures for regional development, research and environmental protection, all of which contribute to the EU 2020 strategic objectives of smart, sustainable and inclusive growth.

Background

The new "State Aid Scoreboard" is the Commission's online benchmarking tool for state aid in the EU. It is a re-designed version of the previous Scoreboard which had been published as a written report. The new Scoreboard will be accessible via the competition website and will focus on quantitative information on the basis of Member States' annual reports on existing aid measures. The new online format will allow up-dates during the year.

Contacts :

Antoine Colombani (+32 2 297 45 13, Twitter: @ECspokesAntoine )

Marisa Gonzalez Iglesias (+32 2 295 19 25)


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