MEMO/09/67
Brussels, 16 February 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).
Cases of state aid for financial sector - situation as of
16 February 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/Luxembourg/Netherlands
|
Measures in favour of Fortis
|
Decision not to raise objections
IP/08/1746 |
19 November 2008
|
|
4
|
Belgium/Luxembourg/Netherlands
|
Restructuring aid to Fortis Bank and Fortis Bank Luxembourg
|
Decision not to raise objections
IP/08/1884 |
03 December 2008
|
|
5
|
Belgium
|
Recapitalisation measure in favour of KBC
|
Decision not to raise objections
IP/08/2033 |
18 December 2008
|
|
6
|
Belgium
|
Capital injection for Ethias group
|
Decision not to raise objections
IP/09/254 |
12 February 2009
|
|
7
|
Denmark
|
Rescue aid to
Roskilde Bank |
Decision not to raise objections (IP/08/1222)
|
31 July 2008
|
|
8
|
Denmark
|
Liquidation aid
Roskilde bank |
Decision not to raise objections IP/08/1633
|
5 November 2008
|
|
9
|
Denmark
|
Guarantee scheme for banks in Denmark
|
Decision not to raise objections IP/08/1483
|
10 October 2008
|
|
10
|
Denmark
|
Recapitalisation scheme and amendment of the guarantee scheme
|
Decision not to raise objectives
IP/09/206 |
3 February 2009
|
|
11
|
Finland
|
Finnish guarantee scheme
|
14 November 2008
|
|
|
12
|
Finland
|
Guarantee for Kaupthing Bank Finland
|
Decision not to raise objections
IP/09/82 |
21 January 2008
|
|
13
|
France
|
Financial support measures to the banking industry in
France
(Refinancing) |
Decision not to raise objections IP/08/1609
|
30 October 2008
|
|
14
|
France
|
Financial support measures to the banking industry in
France
(Recapitalisation) Amendment to the Decision |
08 December 2008
28 January 2009 |
|
|
15
|
Germany
|
Restructuring aid
to Sachsen LB |
Conditional decision (after formal investigation procedure
IP/08/849 |
4 June 2008
|
|
16
|
Germany
|
Restructuring aid
to IKB |
Conditional decision (after formal investigation procedure) IP/08/1557
|
21 October 2008
|
|
17
|
Germany
|
Rescue aid
to Hypo Real Estate Holding |
Decision not to raise objections IP/08/1453
|
2 October 2008
|
|
18
|
Germany
|
Aid scheme
for financial institutions in Germany (guarantees, recapitalisations & other) Amendment to the Decision |
27 October 2008
12 December 2008 |
|
|
19
|
Germany
|
Guarantee and recapitalisation for Bayern LB
|
Decision not to raise objections
IP/08/2034 |
18 December 2008
|
|
20
|
Germany
|
Guarantee for NordLB
|
Decision not to raise objections
IP/08/2056 |
22 December 2008
|
|
21
|
Germany
|
Guarantee for IKB
|
Decision not to raise objections
IP/08/2055 |
22 December 2008
|
|
22
|
Germany
|
Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher
Banken mbH
|
Decision not to raise objections
IP/09/114 |
22 January 2009
|
|
23
|
Greece
|
Aid scheme to the banking industry in Greece (guarantees, recapitalisation
& other)
|
Decision not to raise objections
IP/08/1742 |
19 November 2008
|
|
24
|
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
|
|
25
|
Ireland
|
Guarantee scheme
for banks in Ireland |
Decision not to raise objections IP/08/1497
|
13 October 2008
|
|
26
|
Ireland
|
Recapitalisation of Anglo Irish Bank
|
Decision not to raise objections
IP/09/50 |
14 January 2009
|
|
27
|
Italy
|
Guarantee scheme for Italian banks
|
Decision not to raise objections IP/08/1706
|
14 November 2008
|
|
28
|
Italy
|
Recapitalisation scheme
|
Decision not to raise objections
IP/08/2059 |
23 December 2008
|
|
29
|
Latvia
|
Public support measures to Parex Banka
|
24 November 2008
|
|
|
30
|
Latvia
|
Guarantee scheme for banks
|
Decision not to raise objections
IP/08/2054 |
22 December 2008
|
|
31
|
Netherlands
|
Guarantee scheme
for Dutch financial institutions |
Decision not to raise objections IP/08/1610
|
30 October 2008
|
|
32
|
Netherlands
|
Measure in favour of ING
|
Decision not to raise objections IP/08/1699
|
13 November 2008
|
|
33
|
Netherlands
|
Measure in favour of Aegon
|
Decision not to raise objections
IP/08/1822 |
27 November 2008
|
|
34
|
Netherlands
|
SNS Reaal/New capital injection by Dutch authorities
|
Decision not to raise objections
IP/08/1951 |
10 December 2008
|
|
35
|
Portugal
|
Guarantee scheme
for credit institutions in Portugal |
Decision not to raise objections IP/08/1601
|
29 October 2008
|
|
36
|
Slovenia
|
Guarantee scheme
for credit institutions in Slovenia |
Decision not to raise objections
IP/08/1964 |
12 December 2008
|
|
37
|
Spain
|
Fund for the Acquisition of Financial Assets in Spain
|
Decision not to raise objections IP/08/1630
|
4 November 2008
|
|
38
|
Spain
|
Spanish guarantee scheme for credit institutions
|
Decision not to raise objections
IP/08/2049 |
22 December 2008
|
|
39
|
Sweden
|
Support measures for the banking industry in Sweden
Amendment to the decision |
29 October 2008
28 January 2009 |
|
|
40
|
Sweden
|
Swedish recapitalisation scheme
|
Decision not to raise objections
IP/09/241 |
10 February 2009
|
|
41
|
Sweden
|
Emergency rescue measures regarding Carnegie Investment Bank
|
Decision not to raise objections
IP/08/1977 |
15 December 2008
|
|
42
|
United Kingdom
|
Rescue aid
to Bradford and Bingley |
Decision not to raise objections IP/08/1437
|
1st October 2008
|
|
42
|
United Kingdom
|
Aid scheme
to the banking industry in the UK (guarantees, recapitalisation & other) Amendment to the Decision |
13 October 2008
22 December 2008 |
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
|
Cases under assessment
|
|
Country
|
Type of measure
|
Comments
|
|
1
|
Belgium/France/Luxembourg
|
Dexia recapitalisation and other measures
|
Waiting for information from the Member State
|
|
2
|
Finland
|
Recapitalisation scheme
|
Discussion with the Member State ongoing
|
|
3
|
Netherlands
|
Restructuring aid to Fortis Bank Nederland and ABN
|
Waiting for information from the Member State
|
|
4
|
Poland
|
Guarantee scheme for banks
|
Waiting for information from the Member State
|
|
5
|
Portugal
|
Nationalisation of BPN (Banco Portugués de
Negócios)
|
Discussion with the Member State ongoing. Waiting for
submission of restructuring plan.
|
|
6
|
Portugal
|
Recapitalisation scheme
|
Notified 5 November 2008. Waiting for additional information
from Portugal.
|
|
7
|
Portugal
|
Banco Privado Portugues
|
Discussion with the Member State ongoing
|
|
8
|
Slovenia
|
Liquidity Scheme
|
Notification received.
|
|
9
|
Slovenia
|
Recap scheme
|
Notification received.
|
Real economy cases falling under the Temporary Framework - situation as of 16 February 2009
Decisions adopted by the Commission in 2008/2009
|
|
Member State
|
Type of measure / Beneficiary
|
Type of decision
|
Date of adoption
|
|
1
|
Germany
|
N 661/2008 – KfW run special program 2009 (interest subsidies)
|
Decision not to raise objections
(IP/08/2063) |
30 December 2008
|
|
2
|
Germany
|
N 668/2008 – Federal framework scheme (limited amount of compatible
aid)
|
Decision not to raise objections
IP/08/2063 |
30 December 2008
|
|
3
|
Germany
|
N 39/2009 – Temporary adaptation of risk-capital schemes
|
Decision not to raise objections
IP/09/214 |
3 February 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
|
Portugal
|
N 13/2009 – Temporary scheme (aid up to € 500 000)
|
Decision not to raise objections
IP/09/71 |
19 January 2009
|
|
8
|
United Kingdom
|
N 43/2009 - Temporary scheme (aid up to € 500 000)
|
Decision not to raise objections
IP/09/215 |
4 February 2009
|
