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

European Commission - MEMO/09/305   29/06/2009

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MEMO/09/305

Brussels, 29 June 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 29 June 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

Austria

Recapitalisation of Hypo Tirol

Decision not to raise objections

IP/09/928

17 June 2009

3

Belgium/France/
Luxembourg

Guarantee on liabilities of Dexia

Decision not to raise objections

IP/08/1745

19 November 2008

4

Belgium/France/
Luxembourg

Guarantee in favour of Dexia on certain assets in FSA

Decision not to raise objections

IP/09/399

13 March 2009

5

Belgium/Luxembourg/Netherlands

Measures in favour of Fortis

Decision not to raise objections

IP/08/1746

19 November 2008

6

Belgium/Luxembourg/Netherlands

Restructuring aid to Fortis Bank and Fortis Bank Luxembourg

Decision not to raise objections

IP/08/1884

03 December 2008

7

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

8

Belgium

Recapitalisation measure in favour of KBC

Decision not to raise objections

IP/08/2033

18 December 2008

9

Belgium

Capital Injection for Ethias Group

Decision not to raise objections

IP/09/254

12 February 2009

10

Denmark

Rescue aid to

Roskilde Bank

Decision not to raise objections ( IP/08/1222 )

31 July 2008

11

Denmark

Liquidation aid

Roskilde bank

Decision not to raise objections IP/08/1633

5 November 2008

12

Denmark

Guarantee scheme for banks in Denmark

Decision not to raise objections IP/08/1483

10 October 2008

13

Denmark

Recapitalisation scheme and amendment of the guarantee scheme

Decision not to raise objectives

IP/09/ 206

3 February 2009

14

Denmark

Rescue aid for Fionia Bank

Decision not to raise objections

IP/09/819

20 May 2009

15

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

16

Finland

Guarantee for Kaupthing Bank Finland

Decision not to raise objections

IP/09/82

21 January 2009

17

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

18

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

19

France

Capital injection for Caisse d'Epargne and Banque Populaire

Decision not to raise objections

IP/09/722

8 May 2009

20

Germany

Restructuring aid

to Sachsen LB

Conditional decision (after formal investigation procedure

IP/08 /849

4 June 2008

21

Germany

Restructuring aid

to IKB

Conditional decision (after formal investigation procedure) IP/08/1557

21 October 2008

22

Germany

Rescue aid
to Hypo Real Estate Holding

Decision not to raise objections IP/08/1453

2 October 2008

23

Germany

Aid scheme

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

Prolongation

Decision not to raise objections IP/08/1589

EXME09 / 22.06

27 October 2008

22 June 2009

24

Germany

Guarantee and recapitalisation for Bayern LB

Decision not to raise objections

IP/08/2034

18 December 2008

25

Germany

Guarantee for NordLB

Decision not to raise objections

IP/08/2056

22 December 2008

26

Germany

Guarantee for IKB

Decision not to raise objections

IP/08/2055

22 December 2008

27

Germany

Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH

Decision not to raise objections

IP/09/114

22 January 2009

28

Germany

Commerzbank capital injection

Decision not to raise objections

IP/09/711

7 May 2009

29

Germany

Aid for the restructuring of West LB

Conditional decision (after formal investigation procedure)

IP/09/741

12 May 2009

30

Germany

Recapitalisation of HSH Nordbank

Decision not to raise objections

IP/09/854

29 May 2009

31

Greece

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

Decision not to raise objections

IP/081742

19 November 2008

32

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

33

Ireland

Guarantee scheme
for banks in Ireland

Decision not to raise objections IP/08/1497

13 October 2008

34

Ireland

Recapitalisation of Anglo Irish Bank

Decision not to raise objections

IP/09/50

14 January 2009

35

Ireland

Change of ownership of Anglo Irish Bank

Decision not to raise objections

IP/09/271

17 February 2009

36

Ireland

Recapitalisation of Bank of Ireland

Decision not to raise objections

IP/09/483

26 March 2009

37

Ireland

Recapitalisation of Allied Irish Bank

Decision not to raise objections

IP/09/744

12 May 2009

38

Ireland

Recapitalisation of Anglo Irish Bank

Decision not to raise objections

IP/09/1045

26 June 2009

39

Italy

Guarantee scheme for Italian banks

Prolongation

Decision not to raise objections IP/08/1706

IP/09/929

14 November 2008

16 June 2009

40

Italy

Recapitalisation scheme

Decision not to raise objections

IP/08/2059

23 December 2008

41

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

42

Latvia

Guarantee scheme for banks

Decision not to raise objections

IP/08/2054

22 December 2008

43

Netherlands

Guarantee scheme

for Dutch financial institutions

Decision not to raise objections IP/08/1610

30 October 2008

44

Netherlands

Measure in favour of ING

Decision not to raise objections IP/08/1699

13 November 2008

45

Netherlands

Measure in favour of Aegon

Decision not to raise objections

IP/08/ 1822

27 November 2008

46

Netherlands

SNS Reaal/New capital injection by Dutch authorities

Decision not to raise objections

IP/08/1951

10 December 2008

47

Netherlands

ING Illiquid asset facility

Decision not to raise objections

IP/09/514

31 March 2009

48

Portugal

Guarantee scheme
for credit institutions in Portugal

Decision not to raise objections IP/08/1601

29 October 2008

49

Portugal

State guarantee for Banco Privado Português

Decision not to raise objections

IP/09/400

13 March 2009

50

Portugal

Bank recapitalisation scheme

Decision not to raise objections

IP/09/818

20 May 2009

51

Slovenia

Guarantee scheme
for credit institutions in Slovenia

Prolongation

Decision not to raise objections

IP/08/1964

EXME09 / 22.06

12 December 2008

22 June 2006

52

Slovenia

Liquidity scheme for financial sector

Decision not to raise objections

IP/09/452

20 March 2009

53

Spain

Fund for the Acquisition of Financial Assets in Spain

Decision not to raise objections IP/08/1630

4 November 2008

54

Spain

Spanish guarantee scheme for credit institutions

Prolongation

Decision not to raise objections

IP/08/2049

EXME09 / 25.06

22 December 2008

25 June 2009

55

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

56

Sweden

Emergency rescue measures regarding Carnegie Investment Bank

Decision not to raise objections

IP/08/1977

15 December 2008

57

Sweden

Recapitalisation scheme

Decision not to raise objections

IP/09/241

11 February 2009

58

United Kingdom

Rescue aid
to Bradford and Bingley

Decision not to raise objections IP/08/1437

1 st October 2008

59

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

60

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 29 June 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)

N 317/2009 - Amendment

Decision not to raise objections

IP/09/454

IP/09/972

20 March 2009

18 June 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

Finland

N 224/2009 - Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/869

3 June 2009

8

Finland

N 82b/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/919

9 June 2009

9

Finland

N 258/2009 – Temporary scheme (export-credit insurance)

Decision not to raise objections

IP/09/979

22 June 2009

10

France

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

Decision not to raise objections

IP/09/72

19 January 2009

11

France

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

Decision not to raise objections

IP/09/216

4 February 2009

12

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

13

France

N 23/2009 - Temporary scheme

(subsidised guarantees)

Decision not to raise objections

IP/09/332

27 February 2009

14

France

N 119/2009 - modification of French risk capital scheme

Decision not to raise objections

IP/09/406

16 March 2009

15

Germany

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

Decision not to raise objections

( IP/08/2063 )

30 December 2008

16

Germany

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

N 299/2009 - Amendment

Decision not to raise objections

IP/08/2063

IP/09/877

30 December 2008

4 June 2009

17

Germany

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

Decision not to raise objections

IP/09/214

3 February 2009

18

Germany

N 27/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/331

27 February 2009

19

Germany

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

Decision not to raise objections

IP/09/296

19 February 2009

20

Greece

N308/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/867

3 June 2009

21

Greece

N309/2009 - Temporary scheme (subsidised interest rates)

Decision not to raise objections

IP/09/868

3 June 2009

22

Hungary

N 114/2009- Temporary scheme (guarantees)

Decision not to raise objections

IP/09/387

10 March 2009

23

Hungary

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

Decision not to raise objections

IP/0 9/325

24 February 2009

24

Hungary

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

Decision not to raise objections

IP/09/325

24 February 2009

25

Hungary

N 203/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/647

24 April 2009

26

Ireland

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

Decision not to raise objections

IP/09/585

15 April 2009

27

Italy

N 279/2009 - Temporary scheme (risk capital)

Decision not to raise objections

IP/09/825

20 May 2009

28

Italy

N 266/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/852

28 May 2009

2 9

Italy

N 248/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/852

28 May 2009

30

Italy

N 268/2009 – Temporary scheme (subsidised interest rates)

Decision not to raise objections

IP/09/857

29 May 2009

31

Latvia

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

Decision not to raise objections

IP/09/442

19 March 2009

32

Latvia

N 139/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/626

22 April 2009

33

Lithuania

N 272/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/890

8 June 2006

34

Luxembourg

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

Decision not to raise objections

IP/09/334

26 February 2009

35

Luxembourg

N 128/2009 – Temporary scheme (guarantees)

Decision not to raise objections

IP/09/392

11 March 2009

36

Luxembourg

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

Decision not to raise objections

IP/09/603

20 April 2009

37

Malta

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

Decision not to raise objections

IP/09/820

18 May 2009

38

Netherlands

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

Decision not to raise objections

IP/09/527

1 April 2009

39

Portugal

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

Decision not to raise objections

IP/09/71

19 January 2009

40

Romania

N 286/2009 – Temporary scheme (guarantees)

Decision not to raise objections

IP/09/882

5 June 2009

41

Slovak Republic

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

Decision not to raise objections

IP/09/680

30 April 2009

42

Slovenia

NN 34/2009 - Temporary scheme (guarantees)

Decision not to raise objections

IP/09/917

12 June 2009

43

Slovenia

N 228/2009 - Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/918

12 June 2009

44

Spain

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

Decision not to raise objections

IP/09/499

29 March 2009

45

Spain

N 307/2009 – Temporary scheme (aid up to € 500 000)

Decision not to raise objections

IP/09/889

8 June 2009

46

Sweden

N 80/2009 - State guarantees in favour of Volvo cars

Decision not to raise objections

IP/09/879

5 June 2009

47

United Kingdom

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

Decision not to raise objections

IP/09/215

4 February 2009

48

United Kingdom

N 71/2009 – Temporary scheme (guarantees)

Decision not to raise objections

IP/09/333

27 February 2009

49

United Kingdom

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

Decision not to raise objections

IP/09/333

27 February 2009

50

United Kingdom

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

Decision not to raise objections

IP/09/793

15 May 2009


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