Navigation path

Left navigation

Additional tools

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

European Commission - MEMO/09/246   20/05/2009

Other available languages: none

MEMO/09/246

Brussels, 20 May 2009

State aid: Overview of national measures adopted as a response to the financial/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 on the Treatment of Impaired Assets in the Community Banking Sector, 25 February 2009 (see IP/09/322)

Communication from the Commission - Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, adopted on 17 December 2008 (see IP/08/1993), as amended on 25 February 2009 .

State aid cases - situation as of 20 May 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/Luxembourg

Additional aid measures in favour of Fortis Bank and Fortis Bank Luxembourg

Decision not to raise objections

IP/09/743

12 May 2009

7

Belgium

Recapitalisation measure in favour of KBC

Decision not to raise objections

IP/08/2033

18 December 2008

8

Belgium

Capital Injection for Ethias Group

Decision not to raise objections

IP/09/254

 

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

IP/09/206

3 February 2009

13

Denmark

Rescue aid for Fionia Bank

Decision not to raise objectives

IP/09/819

20 May 2009

14

Finland

Finnish guarantee scheme

 

 

 

Prolongation and modification

 

Decision not to raise objections

IP/08/1705

 

Decision not to raise objections

IP/09/681

14 November 2008

 

 

 

30 April 2009

 

15

Finland

Guarantee for Kaupthing Bank Finland

Decision not to raise objections

IP/09/82

21 January 2009

16

France

Financial support measures to the banking industry in France

(Refinancing)

 

Extension of the scheme

 

Decision not to raise objections IP/08/1609

 

Decision not to raise objections

IP/09/750

30 October 2008

 

 

 

12 May 2009

17

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

18

France

Capital injection for Caisse d'Epargne and Banque Populaire

Decision not to raise objections

IP/09/722

8 May 2009

19

Germany

Restructuring aid

to Sachsen LB

Conditional decision (after formal investigation procedure

IP/08/849

 

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
to Hypo Real Estate Holding

 

Decision not to raise objections IP/08/1453

 

2 October 2008

22

Germany

Aid scheme
for financial institutions in Germany (guarantees, recapitalisations & other)

Decision not to raise objections IP/08/1589

27 October 2008

 

 

 

 

23

Germany

Guarantee and recapitalisation for Bayern LB

 

Decision not to raise objections

IP/08/2034

18 December 2008

24

Germany

Guarantee for NordLB

Decision not to raise objections

IP/08/2056

22 December 2008

25

Germany

Guarantee for IKB

Decision not to raise objections

IP/08/2055

22 December 2008

26

Germany

Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH

Decision not to raise objections

IP/09/114

22 January 2009

27

Germany

Commerzbank capital injection

Decision not to raise objections

IP/09/711

7 May 2009

28

Germany

Aid for the restructuring of West LB

Conditional decision (after formal investigation procedure)

IP/09/741

12 May 2009

29

Greece

Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other)

Decision not to raise objections

IP/081742

19 November 2008

30

Hungary

Financial support measures to Hungarian financial industry in form of recapitalisation and guarantee scheme

Decision not to raise objections

IP/09/253

12 February 2009

31

Ireland

Guarantee scheme
for banks in Ireland

 

 

Decision not to raise objections IP/08/1497

13 October 2008

32

Ireland

Recapitalisation of Anglo Irish Bank

Decision not to raise objections

IP/09/50

14 January 2009

33

Ireland

Change of ownership of Anglo Irish Bank

 

Decision not to raise objections

IP/09/271

17 February 2009

34

Ireland

Recapitalisation of Bank of Ireland

Decision not to raise objections

IP/09/483

 

26 March 2009

35

Ireland

Recapitalisation of Allied Irish Bank

Decision not to raise objections

IP/09/744

 

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

IP/08/2059

 

 

23 December 2008

 

 

 

 

38

Latvia

Public support measures to Parex Banka

 

 

Amendment to the Decision

Decision not to raise objections

IP/08/1766

 

IP/09/732

24 November 2008

 

 

 

11 May 2009

 

39

Latvia

Guarantee scheme for banks

Decision not to raise objections

IP/08/2054

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

IP/08/1822

27 November 2008

43

Netherlands

SNS Reaal/New capital injection by Dutch authorities

Decision not to raise objections

IP/08/1951

10 December 2008

44

Netherlands

ING Illiquid asset facility

Decision not to raise objections

IP/09/514

31 March 2009

45

Portugal

 

Guarantee scheme
for credit institutions in Portugal

 

Decision not to raise objections IP/08/1601

29 October 2008

46

Portugal

State guarantee for Banco Privado Português

Decision not to raise objections

IP/09/400

13 March 2009

47

Portugal

Recapitalisation scheme

Decision not to raise objections

IP/09/818

20 May 2009

48

Slovenia

Guarantee scheme
for credit institutions in Slovenia

Decision not to raise objections

IP/08/1964

 

12 December 2008

49

Slovenia

Liquidity scheme for financial sector

Decision not to raise objections

IP/09/452

 

20 March 2009

50

Spain

Fund for the Acquisition of Financial Assets in Spain

 

 

 

Decision not to raise objections IP/08/1630

 

 

4 November 2008

 

 

 

 

51

Spain

Spanish guarantee scheme for credit institutions

 

 

 

 

Decision not to raise objections

IP/08/2049

 

 

 

22 December 2008

 

 

 

 

 

52

Sweden

Support measures for the banking industry in Sweden

 

 

Amendment to the decision

 

Amendment and prolongation

Decision not to raise objections IP/08/1600

 

IP/09/186

 

IP/09/652

 

29 October 2008

 

 

 

28 January 2009

 

28 April 2009

53

Sweden

Emergency rescue measures regarding Carnegie Investment Bank

Decision not to raise objections

IP/08/1977

15 December 2008

54

Sweden

Recapitalisation scheme

Decision not to raise objections

IP/09/241

11 February 2009

55

United Kingdom

 

Rescue aid
to Bradford and Bingley

 

Decision not to raise objections IP/08/1437

 

1 st October 2008

56

United Kingdom

Aid scheme
to the banking industry in the UK (guarantees, recapitalisation & other)

 

Prolongation

Decision not to raise objections IP/08/1496

 

Decision not to raise objections

IP/09/586

13 October 2008

 

 

 

15 April 2009

57

United Kingdom

Working capital guarantee scheme

 

Decision not to raise objections

IP/09/471

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
Hypo Real Estate

 

7 May 2009

IP/09/712

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

IP/09/713

 

Case under assessment

5

Netherlands

ING Illiquid asset facility

31 March 2009

IP/09/514

 

Case under assessment

6

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 20 May 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

I P/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

Czech Republic

N 237/2009 - Temporary scheme (subsidised interest rates)

Decision not to raise objections

IP/09/699

6 May 2009

 

5

Czech Republic

N 236/2009 - Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/719

7 May 2009

6

Denmark

N 198/2009 - Temporary scheme (export-credit insurance)

Decision not to raise objections

IP/09/706

6 May 2009

 

 

7

France

N 7/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/72

19 January 2009

 

8

France

N 15/2009 - Temporary scheme (reduced interest rates)

Decision not to raise objections

IP/09/216

 

4 February 2009

 

9

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

 

10

France

N 23/2009 - Temporary scheme

(subsidised guarantees)

Decision not to raise objections

 

IP/09/332

27 February 2009

 

11

France

N 119/2009 - modification of French risk capital scheme

Decision not to raise objections

IP/09/406

 

16 March 2009

 

12

Germany

N 661/2008 – KfW run special program 2009 (interest subsidies)

Decision not to raise objections

( IP/08/2063)

30 December 2008

 

13

Germany

N 668/2008 – Temporary scheme (limited amount of compatible aid)

Decision not to raise objections

IP/08/2063

30 December 2008

 

14

Germany

N 39/2009 – Temporary adaptation of risk-capital schemes

Decision not to raise objections

IP/09/214

3 February 2009

 

15

Germany

N 27/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/331

27 February 2009

 

16

Germany

N 38/2009 - Temporary scheme (reduced interest rates)

Decision not to raise objections

IP/09/296

19 February 2009

 

17

Hungary

N 114/2009- Temporary scheme (guarantees)

Decision not to raise objections

IP/09/387

10 March 2009

 

18

Hungary

N 77/2009 - Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/325

24 February 2009

 

19

Hungary

N 78/2009 – Temporary scheme (subsidised interest rates)

Decision not to raise objections

IP/09/325

24 February 2009

 

20

Hungary

N 203/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/647

24 April 2009

 

21

Ireland

N 186/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/585

15 April 2009

 

 

22

Latvia

N 124/2009  – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/442

19 March 2009

 

 

23

Latvia

N 139/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/626

22 April 2009

 

 

24

Luxembourg

N 99/2009  –  Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/334

26 February 2009

 

 

25

Luxembourg

N 128/2009  – Temporary scheme (guarantees)

Decision not to raise objections

IP/09/392

11 March 2009

 

 

26

Luxembourg

N 50/2009 – Temporary scheme (export-credit insurance)

Decision not to raise objections

IP/09/603

20 April 2009

 

 

27

Malta

N 118/2009 - Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/820

 

18 May 2009

 

 

28

Netherlands

N 156/2009  – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/527

 

1 April 2009

 

 

29

Portugal

N 13/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/71

 

19 January 2009

 

 

32

Slovak Republic

N 222/2009 – Temporary scheme  (aid up to € 500 000)

Decision not to raise objections

IP/09/680

 

30 April 2009

 

 

33

Spain

N 140/2009 – Temporary scheme (aid for green cars)

Decision not to raise objections

IP/09/499

29 March 2009

 

 

34

United Kingdom

N 43/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/215

4 February 2009

 

 

35

United Kingdom

N 71/2009 – Temporary scheme (guarantees)

Decision not to raise objections

IP/09/333

27 February 2009

 

 

36

United Kingdom

N 72/2009 – Temporary scheme (to businesses producing green products)

Decision not to raise objections

IP/09/333

27 February 2009

 

 

37

United Kingdom

N 257/2009 – Temporary scheme (subsidised interest rates)

Decision not to raise objections

IP/09/793

15 May 2009

 

 


Side Bar

My account

Manage your searches and email notifications


Help us improve our website