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MEMO/09/174

Brussels, 22 April 2009

State aid: Overview of national measures adopted as a response to the financial and economic crisis

(See table attached in annex)

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.

Communications from the Commission
to provide guidance to Member States

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, 13 October 2008 (see IP/08/1495)

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, 5 December 2008 (see IP/08/1901)

Communication from the Commission - Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, 17 December 2008 (see IP/08/1993).

Amendment of the Temporary Framework, 25 February 2009.

Communication from the Commission - Temporary framework for State aid measures to support access to finance in the current financial and economic crisis (consolidated version) OJ C83 of 07.04.2009

Communication from the Commission on the Treatment of Impaired Assets in the Community Banking Sector, 25 February 2009 (see IP/09/322).

Cases of state aid for financial sector - situation as of 22 April 2009

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
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/France/
Luxembourg
Guarantee in favour of Dexia on certain assets in FSA
Decision not to raise objections
IP/09/399
13 March 2009
4
Belgium/Luxembourg/Netherlands
Measures in favour of Fortis
Decision not to raise objections
IP/08/1746
19 November 2008
5
Belgium/Luxembourg/Netherlands
Restructuring aid to Fortis Bank and Fortis Bank Luxembourg
Decision not to raise objections
IP/08/1884
03 December 2008
6
Belgium
Recapitalisation measure in favour of KBC
Decision not to raise objections
IP/08/2033
18 December 2008
7
Belgium
Capital injection for Ethias group
Decision not to raise objections
IP/09/254
12 February 2009
8
Denmark
Rescue aid to
Roskilde Bank
Decision not to raise objections (IP/08/1222)
31 July 2008
9
Denmark
Liquidation aid
Roskilde bank
Decision not to raise objections IP/08/1633
5 November 2008
10
Denmark
Guarantee scheme for banks in Denmark
Decision not to raise objections IP/08/1483
10 October 2008
11
Denmark
Recapitalisation scheme and amendment of the guarantee scheme
Decision not to raise objectives
IP/09/206
3 February 2009
12
Finland
Finnish guarantee scheme
Decision not to raise objections
IP/08/1705
14 November 2008
13
Finland
Guarantee for Kaupthing Bank Finland
Decision not to raise objections
IP/09/82
21 January 2008
14
France
Financial support measures to the banking industry in France
(Refinancing)
Decision not to raise objections IP/08/1609
30 October 2008

15
France
Financial support measures to the banking industry in France
(Recapitalisation)

Amendment to the Decision

Amendment to the Decision
Decision not to raise objections
IP/08/1900

IP/09/158

IP/09/461
08 December 2008



28 January 2009

23 March 2009
16
Germany
Restructuring aid
to Sachsen LB
Conditional decision (after formal investigation procedure
IP/08/849
4 June 2008
17
Germany
Restructuring aid
to IKB
Conditional decision (after formal investigation procedure) IP/08/1557
21 October 2008
18
Germany
Rescue aid
to Hypo Real Estate Holding
Decision not to raise objections IP/08/1453
2 October 2008
19
Germany
Aid scheme
for financial institutions in Germany (guarantees, recapitalisations & other)

Amendment to the Decision
Decision not to raise objections IP/08/1589


IP/08/1966 
27 October 2008




12 December 2008
20
Germany
Guarantee and recapitalisation for Bayern LB
Decision not to raise objections
IP/08/2034
18 December 2008
21
Germany
Guarantee for NordLB
Decision not to raise objections
IP/08/2056
22 December 2008
22
Germany
Guarantee for IKB
Decision not to raise objections
IP/08/2055
22 December 2008
23
Germany
Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH
Decision not to raise objections
IP/09/114
22 January 2009
24
Greece
Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other)
Decision not to raise objections
IP/08/1742
19 November 2008
25
Hungary
Support package for Hungarian financial institutions in form of recapitalisation and guarantee scheme
Decision not to raise objections
IP/09/253
12 February 2009
26
Ireland
Guarantee scheme
for banks in Ireland
Decision not to raise objections IP/08/1497
13 October 2008

27
Ireland
Recapitalisation of Anglo Irish Bank
Decision not to raise objections
IP/09/50
14 January 2009
28
Ireland
Recapitalisation of Bank of Ireland
Decision not to raise objections
IP/09/483
26 March 2009
29
Italy
Guarantee scheme for Italian banks
Decision not to raise objections IP/08/1706
14 November 2008
30
Italy
Recapitalisation scheme



Amendment to the Decision
Decision not to raise objections
IP/08/2059

IP/09/302
23 December 2008



20 February 2009
31
Latvia
Public support measures to Parex Banka
Decision not to raise objections
IP/08/1766
24 November 2008
32
Latvia
Guarantee scheme for banks
Decision not to raise objections
IP/08/2054
22 December 2008
33
Netherlands
Guarantee scheme
for Dutch financial institutions
Decision not to raise objections IP/08/1610
30 October 2008
34
Netherlands
Measure in favour of ING
Decision not to raise objections IP/08/1699
13 November 2008
35
Netherlands
Measure in favour of Aegon
Decision not to raise objections
IP/08/1822
27 November 2008
36
Netherlands
SNS Reaal/New capital injection by Dutch authorities
Decision not to raise objections
IP/08/1951
10 December 2008
37
Netherlands
ING Illiquid asset facility
Decision not to raise objections
IP/09/514
31 March 2009
38
Portugal
Guarantee scheme
for credit institutions in Portugal
Decision not to raise objections IP/08/1601
29 October 2008
39
Portugal
State guarantee for Banco Privado Português
Decision not to raise objections
IP/09/400
13 March 2009
40
Slovenia
Guarantee scheme
for credit institutions in Slovenia
Decision not to raise objections
IP/08/1964
12 December 2008
41
Spain
Fund for the Acquisition of Financial Assets in Spain
Decision not to raise objections IP/08/1630
4 November 2008
42
Spain
Spanish guarantee scheme for credit institutions
Decision not to raise objections
IP/08/2049
22 December 2008
43
Sweden
Support measures for the banking industry in Sweden


Amendment to the decision
Decision not to raise objections IP/08/1600

IP/09/186
29 October 2008



28 January 2009
44
Sweden
Emergency rescue measures regarding Carnegie Investment Bank
Decision not to raise objections
IP/08/1977
15 December 2008
45
Sweden
Swedish recapitalisation scheme
Decision not to raise objections
IP/09/241
11 February 2009
46
United Kingdom
Rescue aid
to Bradford and Bingley
Decision not to raise objections IP/08/1437
1st October 2008
47
United Kingdom
Aid scheme
to the banking industry in the UK (guarantees, recapitalisation & other)

Amendment to the Decision

Prolongation
Decision not to raise objections IP/08/1496


IP/08/2057 

Decision not to raise objections
IP/09/586
13 October 2008




22 December 2008

15 April 2009
48
United Kingdom
Homeowners mortgage support scheme
Decision not to raise objections
IP/09/602
20 April 2009
49
United Kingdom
Asset - Backed Securities Guarantee Scheme
Decision not to raise objections
IP/09/613
21 April 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
Germany
Restructuring of
West LB
1 October 2008
(IP/08/1435)
Case under assessment
2
United Kingdom
Restructuring aid for
Northern Rock
2 April 2008
(IP/08/489)
Case under assessment
3
Belgium/France/
Luxembourg
Restructuring of Dexia
13 March 2009
IP/09/399
Case under assessment
4
Netherlands
ING Illiquid asset facility
31 March 2009
IP/09/514
Case under assessment
5
Netherlands
State measures in favour of Fortis Bank Nederland (FBN) and the activities of ABN Amro
8 April 2009
IP/09/565
Case under assessment

Real economy cases falling under the Temporary Framework - situation as of 22 April 2009

Decisions adopted by the Commission in 2008/2009


Member State
Type of measure / Beneficiary
Type of decision
Date of adoption
1
Austria
N 47/a/2009- Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/454
20 March 2009
2
Austria
N 47/d/2009- Temporary scheme (risk capital)
Decision not to raise objections
IP/09/484
25 March 2009
3
Belgium
N 117/2009- Temporary scheme (subsidised guarantees)
Decision not to raise objections
IP/09/447
20 March 2009
4
France
N 7/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/72
19 January 2009
5
France
N 15/2009 - Temporary scheme (reduced interest rates)
Decision not to raise objections
IP/09/216
4 February 2009
6
France
N 11/2009 - Temporary scheme (reduced interest rates – to producers of green products)
Decision not to raise objections
IP/09/205
3 February 2009
7
France
N 23/2009 - Temporary scheme
(subsidised guarantees)
Decision not to raise objections
IP/09/332
27 February 2009
8
France
N 119/2009 - modification of French risk capital scheme
Decision not to raise objections
IP/09/406
16 March 2009
9
Germany
N 661/2008 – KfW run special program 2009 (interest subsidies)
Decision not to raise objections
(IP/08/2063)
30 December 2008
10
Germany
N 668/2008 – Temporary scheme (limited amount of compatible aid)
Decision not to raise objections
IP/08/2063
30 December 2008
11
Germany
N 39/2009 – Temporary adaptation of risk-capital schemes
Decision not to raise objections
IP/09/214
3 February 2009
12
Germany
N 27/2009 - Temporary scheme (guarantees)
Decision not to raise objections
IP/09/331
27 February 2009
13
Germany
N 38/2009 - Temporary scheme (reduced interest rates)
Decision not to raise objections
IP/09/296
19 February 2009
14
Hungary
N 114/2009- Temporary scheme (guarantees)
Decision not to raise objections
IP/09/387
10 March 2009
15
Hungary
N 77/2009 - Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/325
24 February 2009
16
Hungary
N 78/2009 – Temporary scheme (subsidised interest rates)
Decision not to raise objections
IP/09/325
24 February 2009

17
Ireland
N 186/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/585
15 April 2009
18
Latvia
N 124/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/442
19 March 2009
19
Luxembourg
N 99/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/334
26 February 2009
20
Luxembourg
N 128/2009 – Temporary scheme (guarantees)
Decision not to raise objections
IP/09/392
11 March 2009
21
Luxembourg
N 50/2009 – Temporary scheme (export-credit insurance)
Decision not to raise objections
IP/09/603
20 April 2009
22
Netherlands
N 156/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/527
1 April 2009
23
Portugal
N 13/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/71
19 January 2009
24
Spain
N 140/2009 – Temporary scheme (aid for green cars)
Decision not to raise objections
IP/09/499
29 March 2009
25
United Kingdom
N 43/2009 – Temporary scheme (aid up to € 500 000)
Decision not to raise objections
IP/09/215
4 February 2009
26
United Kingdom
N 71/2009 – Temporary scheme (guarantees)
Decision not to raise objections
IP/09/333
27 February 2009
27
United Kingdom
N 72/2009 – Temporary scheme (to businesses producing green products)
Decision not to raise objections
IP/09/333
27 February 2009


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