European Commission
MEMO
Brussels, 20 December 2012
State aid: Overview of decisions and on-going in-depth investigations in the context of the financial crisis
In 2008/2009, the Commission adopted a temporary state aid framework to enable Member States to deal with financial problems in systemic banks, as well as support access to finance for real economy firms. The crisis rules for banks, which were tightened in July and December 2010, were extended on 1 December 2011. The Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis expired in December 2011.
Situation as of 20 December 2012
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.
Communication from the Commission - The return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules, 23 July 2009 (see IP/09/1180)
Communication from the Commission – on the application, from 1 January 2011, of State aid rules to support measures in favour of banks in the context of the financial crisis (see IP/10/1636)
Communication from the Commission - on the application, from 1 January 2012, of State aid rules to support measures in favour of banks in the context of the financial crisis (see IP/11/1488)
State aid cases - situation as of 20 December 2012
Decisions adopted by the Commission during the period 2008 to 20121
Austria
Type of measure / Beneficiary | Type of Decision | Date of adoption |
N557/2008 - Aid scheme for the Austrian financial sector (guarantees, recapitalisation & other) | Decision not to raise objections | 09 December 2008 |
N352/2009 - Prolongation | 30 June 2009 | |
N663/2009 - Second prolongation | 17 December 2009 | |
N241/2010 - Extension | 25 June 2010 | |
SA.32018 – Extension | 16 December 2010 | |
N214/2008 - Recapitalisation of Hypo Tirol | Decision not to raise objections | 17 June 2009 |
N 640/2009 - BAWAG – temporary approval of capital injection and asset guarantee | Decision not to raise objections | 22 December 2009 |
N 261/2010 - Restructuring of BAWAG | Decision not to raise objections | 30 June 2010 |
C 16/2009 + N698/2009 – Emergency aid to Hypo Group Alpe Adria | Decision not to raise objections | 23 December 2009 |
SA.32745 - Restructuring of Kommunalkredit | Decision not to raise objections | 31 March 2011 |
SA.32172 and SA.32554 – Temporary approval of aid for Hypo Group Alpe Adria [decision replaced – see below] | Decision not to raise objections | 24 May 2011 |
SA.32172 and SA.32554 – Replacement decision: Temporary approval of aid for Hypo Group Alpe Adria | Decision not to raise objections | 19 July 2011 |
SA.31883 – Restructuring of Österreichische Volksbanken AG | Decision to open an in-depth procedure | 9 December 2011 |
SA.31189 – BAWAG Amendment Decision | Decision not to raise objections | 19 December 2011 |
SA.31883 – Restructuring of Österreichische Volksbanken AG | Final decision | 19 September 2012 |
SA.34716 - Recapitalisation of Hypo Tirol | Decision not to raise objections | 4 October 2012 |
SA.32554 - Temporary approval of an emergency recapitalisation in favour of Hypo Group Alpe Adria | Decision not to raise objections | 5 December 2012 |
Belgium
Belgium/Luxembourg
NN45-49-50/2008 – Guarantee on liabilities of Dexia | Decision not to raise objections | 19 November 2008 |
Prolongation | 30 October 2009 |
Belgium/France/Luxembourg
C9/2009 – Guarantee in favour of Dexia on certain assets in FSA | Decision not to raise objections | 13 March 2009 |
C9/2009 – Approval of restructuring plan for Dexia | Final conditional decision after formal investigation procedure | 26 February 2010 |
SA.33760, SA.33763, SA.33764 – Temporary approval of guarantees on the refinancing of Dexia and DCL and opening of in-depth investigation | Opening decision | 21 December 2011 |
SA.33760, SA.33763, SA.33764 (2011/C) - Dexia – prolongation of guarantees and extension of the in depth investigation | 31 May 2012 | |
SA.34925 - Dexia – Increase of guarantee ceiling | 6 June 2012 | |
SA.34925-SA.34927- SA.34928 (2012/C) - Dexia – prolongation of guarantees | 26 September 2012 |
dcision not to raise objections
Belgium/Luxembourg/Netherlands
N574/2008 – Measures in favour of Fortis | Decision not to raise objections | 19 November 2008 |
NN42-46-53A/2008 – Restructuring aid to Fortis Bank and Fortis Bank Luxembourg | Decision not to raise objections | 03 December 2008 |
Belgium/Luxembourg
N255/2009 and N274/2009 – Additional aid measures in favour of Fortis Bank and Fortis Bank Luxembourg | Decision not to raise objections | 12 May 2009 |
Belgium
N602/2008 – Recapitalisation measure in favour of KBC | Decision not to raise objections | 18 December 2008 |
NN57/2008 – Capital Injection for Ethias Group | Decision not to raise objections | 12 February 2009 |
C18/2009 – Recapitalisation and asset relief for KBC Group | Decision not to raise objections IP/09/1063 | 30 June 2009 |
C18/2009 – Asset relief and restructuring package for KBC | Final conditional decision after formal investigation procedure | 18 November 2009 |
N 256/2009 – Restructuring aid for Ethias | Decision not to raise objections | 20 May 2010 |
SA.29833 – Monitoring of KBC: extension of the target date of certain divestments by KBC | – | 16 December 2010 |
SA.29833 – Monitoring of KBC: Amendment of certain measures in the Restructuring Plan | 27 July 2011 | |
SA.30962 – Monitoring of Ethias | 12 September 2011 | |
SA.33751 – Temporary approval of rescue aid for Dexia Bank Belgium and opens in depth investigation | 17 October 2011 | |
SA.29833 – Monitoring of KBC: extension of the target date of certain divestments by KBC and amendment of restructuring commitments | - | 22 December 2011 |
Cyprus
N511/2009 - Cypriot scheme to support credit institutions (guarantee) | Decision not to raise objections | 22 October 2009 |
SA.34827 - Rescue recapitalisation of Cyprus Popular Bank (ex-Marfin) | Decision not to raise objections | 13 September 2012 |
SA.35499 - State guarantee scheme for Cypriot banks | Decision not to raise objections | 6 November 2012 |
Denmark
NN36/2008 - Rescue aid to Roskilde Bank | Decision not to raise objections (IP/08/1222) | 31 July 2008 |
NN39/2008 - Liquidation aid Roskilde bank | Decision not to raise objections IP/08/1633 | 5 November 2008 |
SA.31867 – Amendments to liquidation aid for Roskilde bank | Decision not to raise objections | 24 May 2011 |
NN51/2008 - Guarantee scheme for banks in Denmark | Decision not to raise objections IP/08/1483 | 10 October 2008 |
N31a/2009 – Amendment of the guarantee scheme | 17 August 2009 | |
N20/2010 - Second prolongation | 01 February 2010 | |
N257/2010 - Extension | 28 June 2010 | |
SA.35741 - Prolongation | 14 December 2012 | |
N31a/2009 - Recapitalisation scheme (and amendment of the guarantee scheme) | Decision not to raise objections | 3 February 2009 |
NN46/2009 - Prolongation | 17 August 2009 | |
N628/2009 – Second prolongation | 17 December 2009 | |
NN23/2009 - Rescue aid for Fionia Bank | Decision not to raise objections | 20 May 2009 |
N407/2010 – Danish fund for winding up of banks | Decision not to raise objections | 30 September 2010 |
SA.31938 (N537/2010) - Prolongation | 07 December 2010 | |
SA.33001 – Prolongation | 28 June 2011 | |
SA.33001 - Amendment of winding-up scheme for credit institutions in Denmark | Decision not to raise objections | 1 August 2011 |
SA. 33757 – Extension of the winding-up scheme for credit institutions in Denmark | Decision not to raise objections | 9 December 2011 |
SA.34943 – Prolongation of the winding-up scheme and extension of the guarantee scheme for merging banks | 26 June 2012 | |
N560/2009 – Aid for the liquidation of Fionia Bank | Decision not to raise objections | 25 October 2010 |
SA.32634 - Temporary approval of rescue aid for Amagerbanken | Decision not to raise objections | 06 June 2011 |
SA 33485 - Restructuring plan of Amagerbanken | 25 January 2012 | |
SA.31945- Liquidation aid for Eik Banken | Decision not to raise objections | 06 June 2011 |
SA.33117 - Aid for the liquidation of Fionia Bank - revised commitments | - | 18 July 2011 |
SA.33639 – Temporary approval of rescue aid for Max Bank | 10 October 2011 | |
SA.34227– Guarantees for merging banks | 17 February 2012 | |
SA.34423 Support for the merger of Vestjysk Bank and Aarhus Lokalbank | Decision not to raise objections | 25 April 2012 |
SA.34445 (2012/N) - The transfer of property-related assets from FIH to the FSC | 29 June 2012 |
Finland
N567/2008 - Finnish guarantee scheme | Decision not to raise objections | 13 November 2008 |
N44/2009 - Amendment to the guarantee scheme | 5 February 2009 | |
N239/2009 - Prolongation and modification | 30 April 2009 | |
N674/2009 – Second prolongation and modification | 17 December 2009 | |
NN2/2009 - Guarantee for Kaupthing Bank Finland | Decision not to raise objections | 21 January 2009 |
N329/2009 - Capital injection scheme | Decision not to raise objections | 11 September 2009 |
N110/2010 – Prolongation | 14 April 2010 |
France
N548/2008 - Financial support measures to the banking industry in France (Refinancing) | Decision not to raise objections IP/08/1609 | 30 October 2008 |
N251/2009 - Extension of the scheme | 12 May 2009 | |
N613/2008 - Financial support measures to the banking industry in France (Recapitalisation) | Decision not to raise objections | 08 December 2008 |
N29/2009 - Amendment to the Decision | 28 January 2009 | |
N164/2009 - Amendment to the Decision | 23 March 2009 | |
N249/2009 - Capital injection for Caisse d'Epargne and Banque Populaire | Decision not to raise objections | 8 May 2009 |
Germany
C9/2008 - Restructuring aid to Sachsen LB | Conditional decision (after formal investigation procedure | 4 June 2008 |
C10/2008 - Restructuring aid to IKB | Conditional decision (after formal investigation procedure) IP/08/1557 | 21 October 2008 |
NN44/2008 - Rescue aid to Hypo Real Estate Holding | Decision not to raise objections IP/08/1453 | 2 October 2008 |
N512/2008 - Aid scheme for financial institutions in Germany (guarantees, recapitalisations & other) | Decision not to raise objections IP/08/1589 | 27 October 2008 |
N625/2008 - Amendment to the Decision | 12 December 2008 | |
N330/2009 – Prolongation | 22 June 2009 | |
N665/2009 – Second prolongation | 17 December 2009 | |
N222/2010 – Extension | 23 June 2010 | |
SA.34345 – Reactivation | 5 March 2012 | |
SA.34897 - Prolongation | 29 June 2012 | |
SA.35748 - Prolongation | 7 December 2012 | |
N615/2008 - Guarantee and recapitalisation for Bayern LB | Decision not to raise objections | 18 December 2008 |
N655/2008 - Guarantee for NordLB | Decision not to raise objections | 22 December 2008 |
N412/2009 - Prolongation | 10 September 2009 | |
N639/2008 - Guarantee for IKB | Decision not to raise objections | 22 December 2008 |
N17/2009 - Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH | Decision not to raise objections | 22 January 2009 |
N244/2009 - Commerzbank capital injection | Decision not to raise objections | 7 May 2009 |
SA 34539 (2012/N) – Amendment of restructuring plan of Commerzbank | 30 March 2012 | |
C43/2008 - Aid for the restructuring of West LB | Conditional decision (after formal investigation procedure) | 12 May 2009 |
N531/2009 - Temporary additional aid to West LB | Decision not to raise objections | 7 October 2009 |
N264/2009 - Recapitalisation of HSH Nordbank | Decision not to raise objections | 29 May 2009 |
C17/2009 - Recapitalisation and asset relief for LBBW (Landesbank Baden Württemberg) | Decision not to raise objections | 30 June 2009 |
N314/2009 - German asset relief scheme | Decision not to raise objections | 31 July 2009 |
N400/2009 - Additional aid (guarantees) for IKB | Decision not to raise objections | 17 August 2009 |
N 456 /2009 - Scheme to facilitate the refinancing of export credits | Decision not to raise objections | 15 September 2009 |
N 48/2010 - Prolongation | 9 March 2010 | |
C17/2009 - Landesbank Baden Württemberg "LBBW" - restructuring plan and impaired assets relief measure | Conditional decision (after formal investigation procedure | 15 December 2009 |
N694/2009 – State guarantees for Hypo Real Estate | Decision not to raise objections | 21 December 2009 |
N555/2009 – Rescue aid for WestLB; in-depth investigation into bad bank | Decision not to raise objections | 22 December 2009 |
N161/2010 – Recapitalisation of Hypo Real Estate | Decision not to raise objections | 19 May 2010 |
N380/2010 – Temporary authorisation of additional State support (guarantees) for Hypo Real Estate and creation of a bad bank structure, and extension of the ongoing investigation procedure C15/2009 | Decision not to raise objections | 24 September 2010 |
C32/2009 – Restructuring of savings bank Sparkasse KölnBonn | Decision not to raise objections | 29 September 2010 |
SA.29510 – WestLB divestments | - | 21 December 2010 |
MC 15/2009 - Landesbank Baden Württemberg "LBBW" – Deka divestment | - | 14 January 2011 |
SA.31646 - Monitoring of Sparkasse Köln-Bonn - Prolongation of the deadline for certain divestments | - | 30 March 2011 |
SA.28264 (C15/2009) – Restructuring aid for Hypo Real Estate | Final decision | 18 July 2011 |
SA.29338 (C29/2009) – Restructuring of HSH Nordbank | Final conditional decision | 20 September 2011 |
SA.29590 (C40/2009) – Approval of split-up of WestLB | Final decision | 20 December 2011 |
SA.33571 – Temporary approval of the recapitalisation of NordLB | Decision not to raise objections | 22 December 2011 |
SA.34381 - Restructuring of NordLB | Decision not to raise objections | 25 July 2012 |
SA.28487 - Restructuring aid to BayernLB | Decision not to raise objections | 25 July 2012 |
Greece
N560/2008 - Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other) | Decision not to raise objections | 19 November 2008 |
Prolongation and modification | 18 September 2009 | |
N690/2009 – Prolongation | 25 January 2010 | |
N163/2010 - Amendment | 12 May 2010 | |
N260/2010 – Extension and amendment | 30 June 2010 | |
SA.31998 – Fourth extension | - | 21 December 2010 |
SA.32767 - Amendment | 4 April 2011 | |
SA.33153 – Prolongation | 27 June 2011 | |
SA 34149 – Prolongation | 6 February 2012 | |
SA. 35002 - Prolongation | 6 July 2012 | |
N328/2010 – Scheme for the recapitalisation of credit institutions in Greece under the financial Stability Fund (FSF) | 03 September 2010 | |
SA. 31999 – Prolongation | 14 December 2010 | |
SA.33154 - Prolongation | 27 June 2011 | |
SA 34148 - Prolongation | 6 February 2012 | |
SA.31154 – Restructuring of Agricultural Bank of Greece (ATE) | Decision not to raise objections | 23 May 2011 |
SA.34064 – Temporary approval of second rescue recapitalisation of National Bank of Greece under the Greek recapitalisation scheme | Decision not to raise objections | 22 December 2011 |
SA.34115 – Resolution of T bank | 16 May 2012 | |
SA.34488 - Restructuring aid to Proton bank through creation and capitalisation of Nea Proton | 27 July 2012 | |
SA.34823 HFSF Recapitalisation commitment to Alpha Bank | 27 July 2012 | |
SA.34824 HFSF Recapitalisation commitment to National Bank of Greece | 27 July 2012 | |
SA.34825 HFSF Recapitalisation commitment to EFG Eurobank | 27 July 2012 | |
SA.34826 HFSF Recapitalisation commitment to Piraeus Bank | 27 July 2012 |
Hungary
N664/2008 - Financial support measures to Hungarian financial industry in form of recapitalisation and guarantee scheme | Decision not to raise objections | 12 February 2009 |
N355/2009 - Prolongation and modification | 3 September 2009 | |
N662/2009 – Second prolongation | 17 December 2009 | |
N224/2010 – Third prolongation of Hungarian recapitalisation scheme | 23 June 2010 | |
SA.31928 (N536/2010) – Fourth prolongation | 07 December 2010 | |
SA.32995 – Prolongation | 23 June 2011 | |
SA 34077 - Extension | 8 March 2012 | |
SA.35145 – Prolongation | 30 July 2012 | |
N 358/2009 - Hungarian Mortgage Support Scheme | Decision not to raise objections | 13 July 2009 |
N603/2009 - Prolongation | 24 November 2009 | |
SA.31922 - Prolongation | 08 December 2010 | |
SA. 32993 - Prolongation | 09 June 2011 | |
NN68/2009 – Hungarian liquidity support scheme | Decision not to raise objections | 14 January 2010 |
N225/2010 - Extension | 28 June 2010 | |
SA.31927 (N 535/2010) - Prolongation | 07 December 2010 | |
SA.32994 – Prolongation | 23 June 2011 | |
SA 34078 - Extension | 7 March 2012 | |
SA.35144 – Prolongation | 30 July 2012 | |
SA.29608 (C37/2010) - Recapitalisation of FHB | 22 February 2012 |
Ireland
NN48/2008 - Guarantee scheme | Decision not to raise objections IP/08/1497 | 13 October 2008 |
N9/2009 - Recapitalisation of Anglo Irish Bank | Decision not to raise objections | 14 January 2009 |
N356/2009 - Recapitalisation of Anglo Irish Bank | Decision not to raise objections | 26 June 2009 |
N61/2009 - Change of ownership of Anglo Irish Bank | Decision not to raise objections | 17 February 2009 |
N149/2009 - Recapitalisation of Bank of Ireland | Decision not to raise objections | 26 March 2009 |
N241/2009 - Recapitalisation of Allied Irish Bank | Decision not to raise objections | 12 May 2009 |
N349/2009 - Revised Irish guarantee scheme for financial institutions (Eligible Liabilities Guarantee scheme) | Decision not to raise objections | 20 November 2009 |
N198/2010 - Prolongation | 31 May 2010 | |
N254/2010 - Extension | 28 June 2010 | |
N487/2010 – Extension (including guarantees on short-term liabilities) | Decision not to raise objections | 10 November 2010 |
SA.33006 – Prolongation (including guarantees on short-term liabilities) | Decision not to raise objections | 01 June 2011 |
SA.33740 - Prolongation (including guarantees on short-term liabilities) | Decision not to raise objections | 8 December 2011 |
SA.34746 - Prolongation | Decision not to raise objections | 1 June 2012 |
SA.35744 - Extension | Decision not to raise objections | 12 December 2012 |
N725/2009 - Irish impaired asset relief scheme (National Asset Management Agency (NAMA)) | Decision not to raise objections | 26 February 2010 |
NN11/2010 – Temporary approval of Rescue measure in favour of INBS | Decision not to raise objections | 30 March 2010 |
NN12/2010 and C11/2010 – Temporary approval of second recapitalisation of Anglo Irish Bank and restructuring of Anglo Irish Bank | Decision not to raise objections on recapitalisation, and opening of proceedings on restructuring | 31 March 2010 |
N160/2010 – Temporary approval of recapitalisation of EBS | Decision not to raise objections | 2 June 2010 |
N564/2009 - Approval of restructuring plan of Bank of Ireland | Decision not to raise objections | 15 July 2010 |
N331/2010 – Approval of the transfer of the first tranche of impaired assets under the Irish asset relief scheme NAMA | Decision not to raise objections | 3 August 2010 |
NN35/2010 – Temporary approval of third recapitalisation of Anglo Irish Bank | Decision not to raise objections | 10 August 2010 |
N347/2010 – Guarantee scheme for Irish Financial Institutions | Decision not to raise objections | 21 September 2010 |
SA.31919 – Approval of the transfer of the second tranche of impaired assets under the Irish asset relief scheme NAMA | Decision not to raise objections | 29 November 2010 |
SA.31891 – Second recapitalisation of Allied Irish Bank | Decision not to raise objections | 21 December 2010 |
SA.32057 – Temporary approval of fourth recapitalisation and certain guarantees in favour of Anglo Irish Bank | Decision not to raise objections | 21 December 2010 |
SA.31714 – Second recapitalisation of Irish Nationwide Building Society (INBS) | Decision not to raise objections | 21 December 2010 |
SA.29907 and SA.32504 - Resolution of Anglo Irish Banks and Irish Nationwide Building Society | Final Decision | 29 June 2011 |
SA.33216 – Second rescue recapitalisation of Bank of Ireland | Decision not to raise objections | 11 July 2011 |
SA.33144 – Temporary approval of rescue aid for merged entity Allied Irish Banks/Educational Building Society | Decision not to raise objections | 15 July 2011 |
SA.33311 – Temporary approval of rescue aid for Irish Life & Permanent Group Holdings | Decision not to raise objections | 20 July 2011 |
SA.33023 – Restructuring of Quinn Insurance Limited | Decision not to raise objections | 12 October 2011 |
SA.33443 – Second Restructuring Plan of Bank of Ireland | Decision not to raise objections | 20 December 2011 |
SA.33170 – Resolution scheme for credit unions in Ireland | Decision not to raise objections | 20 December 2011 |
SA.35209 - Prolongation | Decision not to raise objections | 3 September 2012 |
SA.35819 - Prolongation | Decision not to raise objections | 14 December 2012 |
Italy
N520a/2008 - Guarantee scheme for Italian banks | Decision not to raise objections IP/08/1706 | 14 November 2008 |
N328/2009 - Prolongation | 16 June 2009 | |
SA.34032 – Reintroduction of the Italian Guarantee scheme | 15 December 2011 | |
SA.34344 - Amendment | 22 February 2012 | |
N648/2008 - Recapitalisation scheme | Decision not to raise objections | 23 December 2008 |
N97/2009 - Amendment | 20 February 2009 | |
N466/2009 - Prolongation | 6 October 2009 | |
N425/2010 - Prolongation | 21 October 2010 | |
SA.35137 - MPS recapitalisation | 17 December 2012 |
Latvia
NN68/2008 - Public support measures to Parex Banka | Decision not to raise objections | 24 November 2008 |
NN3/2009 - Amendment to the Decision | 11 February 2009 | |
N189/2009 - Amendment to the Decision | 11 May 2009 | |
N638/2008 - Guarantee scheme for banks | Decision not to raise objections | 22 December 2008 |
N326/2009 – Prolongation | 30 June 2009 | |
N664/2009 – Second prolongation | 17 December 2009 | |
N223/2010 – Extension | 24 June 2010 | |
NN60/2009 - Capital injection for Mortgage Bank of Latvia | Decision not to raise objections | 19 November 2009 |
C26/2009 – Restructuring of Parex Banka | Final positive decision | 15 September 2010 |
SA.30704 – Temporary approval of support to Latvian Mortgage and Land Bank and opening of in-depth procedure into the measures for the bank's transformation | Opening decision | 26 January 2012 |
SA.34747 - Amendments to Parex restructuring plan | 10 August 2012 |
Lithuania
N200/2009 and N47/2010 – Support Package for Lithuanian Financial Institutions (guarantees, recapitalisations and asset relief) | Decision not to raise objections | 5 August 2010 |
SA.32188 – Extension | 21 January 2011 | |
SA. 33135 - Prolongation | 27 June 2011 | |
SA 34288 - Extension | 6 March 2012 | |
SA.35129 - Prolongation | 27 July 2012 | |
SA.34208 - Rescue of the Lithuania's Central Credit Unions | 26 September 2012 |
Luxembourg
N344/2009&N380/2009 - Restructuring aid for Kaupthing Bank Luxembourg | Decision not to raise objections | 9 July 2009 |
SA.34440 (2012/C) (ex 2012/N) – Sale of Dexia | Opening decision | 3 April 2012 |
SA.34440 (2012/C) (ex 2012/N) – Sale of Dexia BIL | Final no aid decision | 25 July 2012 |
Netherlands
N524/2008 - Guarantee scheme for Dutch financial institutions | Decision not to raise objections IP/08/1610 | 30 October 2008 |
N379/2009 - Prolongation and modification | 7 July 2009 | |
N669/2009 – Second prolongation | 17 December 2009 | |
N238/2010 - Extension | 29 June 2010 | |
N528/2008 - Measure in favour of ING | Decision not to raise objections IP/08/1699 | 13 November 2008 |
N569/2008 - Measure in favour of Aegon | Decision not to raise objections | 27 November 2008 |
N611/2008 - SNS REAAL/New capital injection by Dutch authorities | Decision not to raise objections | 10 December 2008 |
C10/2009 - ING Illiquid asset facility | Decision not to raise objections | 31 March 2009 |
C10/2009 - ING restructuring plan and illiquid asset back-up facility | Final positive decision | 18 November 2009 |
N371/2009 – Approval of recapitalisation of SNS REAAL | Decision not to raise objections | 28 January 2010 |
N372/2009 – Approval of recapitalisation of AEGON | Decision not to raise objections | 17 August 2010 |
SA.29832 – ING call of hybrid instruments | 30 November 2010 | |
SA.26674 – Restructuring of ABN Amro Group | Final conditional decision | 5 April 2011 |
SA.33303 – Additional commitments by SNS - to ensure proper remuneration of a capital injection | Decision not to raise objections | 19 December 2011 |
N 373/2009 (SA.28855) – ING approval of 2009 restructuring plan | Decision not to raise objections | 11 May 2012 |
SA.33305 and SA.29832 – Re-notification of recapitalisation aid to ING | Opening decision | 11 May 2012 |
SA.33305 and SA.29832 – Amendment of the ING restructuring | Final decision | 16 November 2012 |
Poland
N208/2009 - Polish support scheme for financial institutions (guarantee and liquidity support) | Decision not to raise objections | 25 September 2009 |
N 658/2009 - Prolongation | 9 February 2010 | |
N236/2010 – Second Extension | 29 June 2010 | |
SA.31923 – Third Prolongation | 16 December 2010 | |
SA.33008 and 32946 – Prolongation | 28 June 2011 | |
SA.34081 - Prolongation | 8 February 2012 | |
SA.34811 - Prolongation | 9 July 2012 | |
N302/2009 – Polish bank recapitalisation scheme | Decision not to raise objections | 21 December 2009 |
N 262/2010 - Prolongation | 5 July 2010 | |
SA.31924 – Second extension | 16 December 2010 | |
SA.33007 – Prolongation | 28 June 2011 | |
SA.34066 - Prolongation | 27 February 2012 | |
SA.34812 – Prolongation | 29 June 2012 |
Portugal
NN60/2008 - Guarantee scheme for credit institutions in Portugal | Decision not to raise objections IP/08/1601 | 29 October 2008 |
N51/2010 – Prolongation | 22 February 2010 | |
N 315/2010 - Extension | 23 July 2010 | |
SA.32158 – Third prolongation | 21 January 2011 | |
SA.33178 – Fourth prolongation | 30 June 2011 | |
SA.34034 - Amendment | 21 December 2011 | |
SA.34958 - Prolongation | 27 June 2012 | |
SA.35743 - Prolongation | 17 December 2012 | |
N556/2008 - Bank recapitalisation scheme | Decision not to raise objections | 20 May 2009 |
N 80/2010 – Prolongation | 17 March 2010 | |
N314/2010 – Second prolongation | 23 July 2010 | |
SA.32157 – Third extension | 21 January 2011 | |
SA.33177 – Fourth prolongation | 30 June 2011 | |
SA.34055 – Prolongation | 30 May 2012 | |
SA.35747 - Prolongation | 17 December 2012 | |
C33/2009 - Banco Privado Português – recovery of illegal State aid | Negative decision with recovery | 20 July 2010 |
SA.26909 – Banco Português de Negócios | Approval of the restructuring | 27 March 2012 |
SA.34055 (2011/N) - New recapitalisation scheme for banks in Portugal | Decision not to raise objections | 30 May 2012 |
SA.35062 - Recapitalisation of Caixa Geral de Depósitos, S.A. (CGD) | Decision not to raise objections | 18 July 2012 |
Slovakia
N392/2009 - Slovak bank support scheme (guarantees and recapitalisations) | Decision not to raise objections | 8 December 2009 |
Slovenia
N531/2008 - Guarantee scheme for credit institutions in Slovenia | Decision not to raise objections | 12 December 2008 |
N331/2009 - Prolongation | 22 June 2009 | |
N651/2009 – Second prolongation | 17 December 2009 | |
N245/2010 - Extension | 29 June 2010 | |
N637/2008 - Liquidity scheme for financial sector | Decision not to raise objections | 20 March 2009 |
N510/2009 – Prolongation | 19 October 2009 | |
N113/2010 – Second Prolongation | 15 April 2010 | |
N321/2010 – Extension | 24 August 2010 | |
SA.32261 – Temporary approval of rescue recapitalisation of Nova Ljubljanska Banka | 7 March 2011 | |
SA.34937 - Second Recapitalisation of NLB | Decision not to raise objections | 2 July 2012 |
SA.35709 - Recapitalisation of NKBM | Decision not to raise objections | 20 December 2012 |
Spain
NN54a/2008 - Fund for the Acquisition of Financial Assets in Spain | Decision not to raise objections IP/08/1630 | 4 November 2008 |
Modification | Decision not to raise objections | 8 April 2009 |
N337/2009 - Prolongation | 7 August 2009 | |
NN54b/2008 - Spanish guarantee scheme for credit institutions | Decision not to raise objections | 22 December 2008 |
Prolongation | 25 June 2009 | |
N588/2009 - Second prolongation | 1 December 2009 | |
N263/2010 - Extension | 28 June 2010 | |
SA.32921 – Prolongation | 29 November 2010 | |
SA.32990 – Prolongation | 1 June 2011 | |
SA 34224 - Prolongation | 9 February 2012 | |
SA 34904 - Extension | 29 June 2012 | |
N28/2010 – Spanish recapitalisation scheme for credit institutions (Fondo de Reestructuración Ordenada Bancaria" (FROB)) | Decision not to raise objections | 28 January 2010 |
N317/2010 – Prolongation | 23 July 2010 | |
SA.35069 - New recapitalisation Scheme for credit institutions | Decision not to raise objections | 25 July 2012 |
NN61/2009 - Restructuring aid for Caja Castilla La Mancha | Decision not to raise objections | 29 June 2010 |
N 392/2010 – Restructuring aid for Spanish saving bank Caja Sur | Decision not to raise objections | 8 November 2010 |
SA.33402 – Capital injection for Caja de Ahorros de Mediterraneo (CAM) | Decision not to raise objections | 24 July 2011 |
SA.33096 – Temporary approval of rescue aid for NCG Banco | Decision not to raise objections | 30 September 2011 |
SA.33095 – Temporary approval of rescue aid for Unnim Banc | Decision not to raise objections | 30 September 2011 |
SA.33103 – Temporary approval of rescue aid for Catalunya Banc | Decision not to raise objections | 30 September 2011 |
SA. SA.33917 – Temporary approval of the recapitalisation and liquidity support for Banco de Valencia | Decision not to raise objections | 21 November 2011 |
SA.34255 - Restructuring of CAM | Decision not to raise objections | 30 May 2012 |
SA.34820 - Rescue aid to BFA/Bankia | Decision not to raise objections | 27 June 2012 |
SA.33733 - Adjudicación UNNIM Banc a favor de BBVA por el FROB. Continuación de SA 33095 (2011/N) - Spain Recapitalisation of UNNIM Banc | Decision not to raise objections | 25 July 2012 |
SA.35369 - Urgent recapitalisation of BFA Group | Decision not to raise objections | 7 September 2012 |
SA.33735 - Restructuring of CatalunyaCaixa | Decision not to raise objections | 28 November 2012 |
SA.35253 - Restructuring of BFA/Bankia | Decision not to raise objections | 28 November 2012 |
SA.33734 - Restructuring of NovaCaixaGalicia | Decision not to raise objections | 28 November 2012 |
SA.34053 - Restructuring of Banco de Valencia | Decision not to raise objections | 28 November 2012 |
SA.34536 - Restructuring of CEISS | 20 December 2012 | |
SA.35488 - Restructuring of Banco Mare Notrum - | 20 December 2012 | |
SA.35489 - Restructuring of Caja3 | 20 December 2012 | |
SA.35490 - Restructuring of Liberbank | 20 December 2012 |
Sweden
N533/2008 - Support measures for the banking industry in Sweden (guarantees) | Decision not to raise objections IP/08/1600 | 29 October 2008 |
N26/2009 - Amendment to the decision | 28 January 2009 | |
N154/2009 - Amendment and prolongation | 28 April 2009 | |
N544/2009 – Prolongation | 26 October 2009 | |
N 127/2010 – Second Prolongation | 22 April 2010 | |
N 207/2010 - Extension of Swedish guarantee scheme | 15 June 2010 | |
SA.31949 – Prolongation | 1 December 2010 | |
NN64/2008 - Emergency rescue measures regarding Carnegie Investment Bank | Decision not to raise objections | 15 December 2008 |
N69/2009 - Recapitalisation scheme | Decision not to raise objections | 11 February 2009 |
N436/2009 - Prolongation | 5 August 2009 | |
NN 18/2010 – Clearance of restructuring aid for Carnegie Investment Bank | Decision not to raise objections | 12 May 2010 |
United Kingdom
NN41/2008 - Rescue aid to Bradford and Bingley | Decision not to raise objections IP/08/1437 | 1st October 2008 |
N507/2008 - Aid scheme to the banking industry in the UK (guarantees, recapitalisation & other) | Decision not to raise objections IP/08/1496 | 13 October 2008 |
N650/2008 - Amendment to the Decision | 23 December 2008 | |
N193/2009 - Prolongation | 15 April 2009 | |
N537/2009 – Prolongation | 13 October 2009 | |
N677/2009 - Prolongation | 17 December 2009 | |
N111/2009 - Working capital guarantee scheme | Decision not to raise objections | 24 March 2009 |
UK Asset backed Securities guarantee scheme | Decision not to raise objections | 21 April 2009 |
Prolongation | 27 October 2009 | |
C14/2008 - Restructuring package for Northern Rock | Final conditional decision after formal investigation procedure | 28 October 2009 |
N428/2009 - Restructuring plan of Lloyds Banking Group | Decision not to raise objections | 18 November 2009 |
N422/2009 and N621/2009 - Royal Bank of Scotland, impaired asset relief measure and restructuring plan | Decision not to raise objections | 14 December 2009 |
N194/2009 – Liquidation aid to Bradford & Bingley | Decision not to raise objections | 25 January 2010 |
NN19/2009 – Restructuring of Dunfermline Building Society | Decision not to raise objections | 25 January 2010 |
SA.34218 - UK Credit Easing Schemes | 14 March 2012 | |
SA.34908 - Extension | 26 June 2012 | |
SA.35755 - Prolongation | 14 December 2012 |
Cases currently under formal investigation procedure
(in-depth investigation under the rules of the Treaty on the Functioning of the European Union on state aid)
Country | Type of measure / Beneficiary | Date of decision regarding the opening of formal investigation | |
Germany, Austria | C16/2009 - Aid package for Bayern LB and its Austrian subsidiary Hypo Group Alpe Adria – decision to open the formal investigation procedure Extension of in-depth investigation and temporary approval of rescue measures for Hypo Group Alpe Adria C 16/2009 – Extension of temporary approval of aid measures for Hypo Group Alpe Adria SA.32554 – Extension of the formal investigation procedure and temporary approval of an asset guarantee in favour of Hypo Group Alpe Adria | 12 May 2009 IP/09/742 23 December 2009 22 June 2010 24 May 2011 | Case under assessment |
Latvia | SA.30704 – Temporary approval of support to Latvian Mortgage and Land Bank and opening of in-depth procedure into the measures for the bank's transformation | 26 January 2011 | Case under assessment |
Belgium | SA.33927 (2012/C) (ex 2011/NN) –Guarantee scheme protecting the shares of individual members of financial cooperatives | 3 April 2012 | Case under assessment |
Denmark | SA.34445 (2012/N) - The transfer of property-related assets from FIH to the FSC | 29 June 2012 | Case under assessment |
Slovenia | SA.33229 - Restructuring of NLB | 2 July 2012 | Case under assessment |
Greece | SA.34488 Restructuring aid to Proton bank through creation and capitalisation of Nea Proton | 27 July 2012 | Case under assessment |
Greece | SA.34823 HFSF Recapitalisation commitment to Alpha Bank | 27 July 2012 | Case under assessment |
Greece | SA.34824 HFSF Recapitalisation commitment to National Bank of Greece | 27 July 2012 | Case under assessment |
Greece | SA.34825 HFSF Recapitalisation commitment to EFG Eurobank | 27 July 2012 | Case under assessment |
Greece | SA.34826 HFSF Recapitalisation commitment to Piraeus Bank | 27 July 2012 | Case under assessment |
Portugal | SA.35062 - Recapitalisation of Caixa Geral de Depósitos, S.A. (CGD) | 17 December 2012 | Case under assessment |
As a general rule, aid schemes are reviewable six months after approval. Some individual decisions are subject to a review and possible restructuring plan.
