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State aid: Overview of decisions and on-going in-depth investigations in the context of the financial crisis

European Commission - MEMO/13/337   16/04/2013

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European Commission

MEMO

Brussels, 16 April 2013

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 16 April 2013

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 16 April 2013

Decisions adopted by the Commission during the period 2008 to 20131

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

IP/08/1933

09 December 2008

N352/2009 - Prolongation

EXME/09/0630

30 June 2009

N663/2009 - Second prolongation

EXME/09/1217

17 December 2009

N241/2010 - Extension

IP/10/839

25 June 2010

SA.32018 – Extension

EXME 10/16.12

16 December 2010

N214/2008 - Recapitalisation of Hypo Tirol

Decision not to raise objections

IP/09/928

17 June 2009

N 640/2009 - BAWAG – temporary approval of capital injection and asset guarantee

Decision not to raise objections

IP/09/1989

22 December 2009

N 261/2010 - Restructuring of BAWAG

Decision not to raise objections

IP/10/865

30 June 2010

C 16/2009 + N698/2009 – Emergency aid to Hypo Group Alpe Adria

Decision not to raise objections

IP/09/1998

23 December 2009

SA.32745 - Restructuring of Kommunalkredit

Decision not to raise objections

IP/11/389

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

IP/11/636

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

IP/11/1522

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

IP/12/982

19 September 2012

SA.34716 - Recapitalisation of Hypo Tirol

Decision not to raise objections

IP/12/1067

4 October 2012

SA.32554 - Temporary approval of an emergency recapitalisation in favour of Hypo Group Alpe Adria

Decision not to raise objections

IP/12/1315

5 December 2012

Belgium

Belgium/Luxembourg

NN45-49-50/2008 – Guarantee on liabilities of Dexia

Decision not to raise objections

IP/08/1745

19 November 2008

Prolongation

IP/09/1662

30 October 2009

Belgium/France/Luxembourg

C9/2009 – Guarantee in favour of Dexia on certain assets in FSA

Decision not to raise objections

IP/09/399

13 March 2009

C9/2009 – Approval of restructuring plan for Dexia

Final conditional decision after formal investigation procedure

IP/10/201

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

IP/11/1592

21 December 2011

SA.33760, SA.33763, SA.33764 (2011/C) - Dexia – prolongation of guarantees and extension of the in depth investigation

IP/12/523

31 May 2012

SA.34925 - Dexia – Increase of guarantee ceiling

IP/12/578

6 June 2012

SA.34925-SA.34927- SA.34928 (2012/C) - Dexia – prolongation of guarantees

MEX/12/0926

26 September 2012

SA.33751, SA.33760, SA.33763, SA.33764 (2011/C) and SA.30521 (MC2/2010) - Dexia and Belfius

IP/12/1447

28 December 2012

Belgium/Luxembourg/Netherlands

N574/2008 – Measures in favour of Fortis

Decision not to raise objections

IP/08/1746

19 November 2008

NN42-46-53A/2008 – Restructuring aid to Fortis Bank and Fortis Bank Luxembourg

Decision not to raise objections

IP/08/1884

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

IP/09/743

12 May 2009

Belgium

N602/2008 – Recapitalisation measure in favour of KBC

Decision not to raise objections

IP/08/2033

18 December 2008

NN57/2008 – Capital Injection for Ethias Group

Decision not to raise objections

IP/09/254

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

IP/09/1730

18 November 2009

N 256/2009 – Restructuring aid for Ethias

Decision not to raise objections

IP/10/592

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

IP/11/1203

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

SA.9833 (MC11/2009) – KBC – phasing out and divestment

Decision not to raise objections

EXME/12 / 21.12

20 December 2012

Cyprus

N511/2009 - Cypriot scheme to support credit institutions (guarantee)

Decision not to raise objections

IP/09/1569

22 October 2009

SA.34827 - Rescue recapitalisation of Cyprus Popular Bank (ex-Marfin)

Decision not to raise objections

IP/12/958

13 September 2012

SA.35499 - State guarantee scheme for Cypriot banks

Decision not to raise objections

IP/12/1171

6 November 2012

SA.35852 - Prolongation of Cypriot guarantee scheme for banks

Decision not to raise objections

EXME/13/22.01

22 January 2013

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

EXME 11 / 24.05

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

IP/09/206

17 August 2009

N20/2010 - Second prolongation

EXME/10/0201

01 February 2010

N257/2010 - Extension

IP/10/854

28 June 2010

SA.35741 - Prolongation

EXME/12/14.12

14 December 2012

N31a/2009 - Recapitalisation scheme (and amendment of the guarantee scheme)

Decision not to raise objections

IP/09/206

3 February 2009

NN46/2009 - Prolongation

EXME/09 /0817

17 August 2009

N628/2009 – Second prolongation

EXME/09/1217

17 December 2009

NN23/2009 - Rescue aid for Fionia Bank

Decision not to raise objections

IP/09/819

20 May 2009

N407/2010 – Danish fund for winding up of banks

Decision not to raise objections

IP/10/1266

30 September 2010

SA.31938 (N537/2010) - Prolongation

EXME/10/07.12

07 December 2010

SA.33001 – Prolongation

EXME/11/28.06

28 June 2011

SA.33001 - Amendment of winding-up scheme for credit institutions in Denmark

Decision not to raise objections

EXME/11/01.08

1 August 2011

SA. 33757 – Extension of the winding-up scheme for credit institutions in Denmark

Decision not to raise objections

IP/11/1523

9 December 2011

SA.34943 – Prolongation of the winding-up scheme and extension of the guarantee scheme for merging banks

EXME/12/26.06

26 June 2012

N560/2009 – Aid for the liquidation of Fionia Bank

Decision not to raise objections

IP/10/1374

25 October 2010

SA.32634 - Temporary approval of rescue aid for Amagerbanken

Decision not to raise objections

IP/11/676

06 June 2011

SA 33485 - Restructuring plan of Amagerbanken

EXME/12/01.25

25 January 2012

SA.31945- Liquidation aid for Eik Banken

Decision not to raise objections

IP/11/677

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

IP/11/1172

10 October 2011

SA.34227– Guarantees for merging banks

EXME/12/02.17

17 February 2012

SA.34423 Support for the merger of Vestjysk Bank and Aarhus Lokalbank

Decision not to raise objections

EXME/12/04.25

25 April 2012

SA.34445 (2012/N) - The transfer of property-related assets from FIH to the FSC

IP/12/723

29 June 2012

Finland

N567/2008 - Finnish guarantee scheme

Decision not to raise objections

IP/08/1705

13 November 2008

N44/2009 - Amendment to the guarantee scheme

5 February 2009

N239/2009 - Prolongation and modification

IP/09/681

EXME/09/0430

30 April 2009

N674/2009 – Second prolongation and modification

EXME/09/1217

17 December 2009

NN2/2009 - Guarantee for Kaupthing Bank Finland

Decision not to raise objections

IP/09/82

21 January 2009

N329/2009 - Capital injection scheme

Decision not to raise objections

IP/09/1303

11 September 2009

N110/2010 – Prolongation

EXME/10/0414

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

IP/09/750

12 May 2009

N613/2008 - Financial support measures to the banking industry in France (Recapitalisation)

Decision not to raise objections

IP/08/1900

08 December 2008

N29/2009 - Amendment to the Decision

IP/09/158

28 January 2009

N164/2009 - Amendment to the Decision

IP/09/461

23 March 2009

N249/2009 - Capital injection for Caisse d'Epargne and Banque Populaire

Decision not to raise objections

IP/09/722

8 May 2009

SA.35389 - State Aid SA. 35389 (2012/N) Rescue aid in favour of Crédit Immobilier de France

Decision not to raise objections

IP/13/148

21 February 2013

Germany

C9/2008 - Restructuring aid to Sachsen LB

Conditional decision (after formal investigation procedure

IP/08/849

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

EXME09/22.06

22 June 2009

N665/2009 – Second prolongation

EXME/09/1217

17 December 2009

N222/2010 – Extension

IP/10/789

23 June 2010

SA.34345 – Reactivation

EXME/12/05.03

5 March 2012

SA.34897 - Prolongation

EXME/12/29.06

29 June 2012

SA.35748 - Prolongation

EXME/12/07.12

7 December 2012

N615/2008 - Guarantee and recapitalisation for Bayern LB

Decision not to raise objections

IP/08/2034

18 December 2008

N655/2008 - Guarantee for NordLB

Decision not to raise objections

IP/08/2056

22 December 2008

N412/2009 - Prolongation

EXME/09/0910

10 September 2009

N639/2008 - Guarantee for IKB

Decision not to raise objections

IP/08/2055

22 December 2008

N17/2009 - Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH

Decision not to raise objections

IP/09/114

22 January 2009

N244/2009 - Commerzbank capital injection

Decision not to raise objections

IP/09/711

7 May 2009

SA 34539 (2012/N) – Amendment of restructuring plan of Commerzbank

EXME/12/03.30

30 March 2012

C43/2008 - Aid for the restructuring of West LB

Conditional decision (after formal investigation procedure)

IP/09/741

12 May 2009

N531/2009 - Temporary additional aid to West LB

Decision not to raise objections

IP/09/1434

7 October 2009

N264/2009 - Recapitalisation of HSH Nordbank

Decision not to raise objections

IP/09/854

29 May 2009

C17/2009 - Recapitalisation and asset relief for LBBW (Landesbank Baden Württemberg)

Decision not to raise objections

IP/09/1058

30 June 2009

N314/2009 - German asset relief scheme

Decision not to raise objections

IP/09/1216

31 July 2009

N400/2009 - Additional aid (guarantees) for IKB

Decision not to raise objections

IP/09/1235

17 August 2009

N 456 /2009 - Scheme to facilitate the refinancing of export credits

Decision not to raise objections

IP/09/1319

15 September 2009

N 48/2010 - Prolongation

EXME/10/0309

9 March 2010

C17/2009 - Landesbank Baden Württemberg "LBBW" - restructuring plan and impaired assets relief measure

Conditional decision (after formal investigation procedure

IP/09/1927

15 December 2009

N694/2009 – State guarantees for Hypo Real Estate

Decision not to raise objections

IP/09/1985

21 December 2009

N555/2009 – Rescue aid for WestLB; in-depth investigation into bad bank

Decision not to raise objections

IP/09/1996

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

IP/10/1172

24 September 2010

C32/2009 – Restructuring of savings bank Sparkasse KölnBonn

Decision not to raise objections

IP/10/1192

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

IP/11/898

18 July 2011

SA.29338 (C29/2009) – Restructuring of HSH Nordbank

Final conditional decision

IP/11/1047

20 September 2011

SA.29590 (C40/2009) – Approval of split-up of WestLB

Final decision

IP/11/1576

20 December 2011

SA.33571 – Temporary approval of the recapitalisation of NordLB

Decision not to raise objections

EXME/11/22.12

22 December 2011

SA.34381 - Restructuring of NordLB

Decision not to raise objections

IP/12/838

25 July 2012

SA.28487 - Restructuring aid to BayernLB

Decision not to raise objections

IP/12/847

25 July 2012

Greece

N560/2008 - Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other)

Decision not to raise objections

IP/081742

19 November 2008

Prolongation and modification

EXME/09/0918

18 September 2009

N690/2009 – Prolongation

EXME/10/0125

25 January 2010

N163/2010 - Amendment

12 May 2010

N260/2010 – Extension and amendment

IP/10/864

30 June 2010

SA.31998 – Fourth extension

-

21 December 2010

SA.32767 - Amendment

EXME 11/04.04

4 April 2011

SA.33153 – Prolongation

EXME 11/27.06

27 June 2011

SA.34149 – Prolongation

EXME 12/06.02

6 February 2012

SA.35002 - Prolongation

6 July 2012

SA.35999 – Prolongation of guarantee and bond loan scheme

EXME/13/22.01

22 January 2013

N328/2010 – Scheme for the recapitalisation of credit institutions in Greece under the financial Stability Fund (FSF)

IP/10/1092

03 September 2010

SA. 31999 – Prolongation

EXME 10/14.12

14 December 2010

SA.33154 - Prolongation

EXME 11/27.06

27 June 2011

SA 34148 - Prolongation

EXME 12/06.02

6 February 2012

SA.31154 – Restructuring of Agricultural Bank of Greece (ATE)

Decision not to raise objections

IP/11/626

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

EXME/11/22.12

22 December 2011

SA.34115 – Resolution of T bank

IP/12/485

16 May 2012

SA.34488 - Restructuring aid to Proton bank through creation and capitalisation of Nea Proton

IP/12/854

27 July 2012

SA.34823 HFSF Recapitalisation commitment to Alpha Bank

IP/12/860

27 July 2012

SA.34824 HFSF Recapitalisation commitment to National Bank of Greece

IP/12/860

27 July 2012

SA.34825 HFSF Recapitalisation commitment to EFG Eurobank

IP/12/860

27 July 2012

SA.34826 HFSF Recapitalisation commitment to Piraeus Bank

IP/12/860

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

IP/09/253

12 February 2009

N355/2009 - Prolongation and modification

EXME09 /0903

3 September 2009

N662/2009 – Second prolongation

EXME/09/1217

17 December 2009

N224/2010 – Third prolongation of Hungarian recapitalisation scheme

IP/10/789

23 June 2010

SA.31928 (N536/2010) – Fourth prolongation

EXME/10/07.12

07 December 2010

SA.32995 – Prolongation

EXME/11/23.06

23 June 2011

SA 34077 - Extension

EXME//08.03

8 March 2012

SA.35145 – Prolongation

EXME/12/30.07

30 July 2012

SA.36088 - Prolongation

EXME/13/01.03

1 March 2013

N 358/2009 - Hungarian Mortgage Support Scheme

Decision not to raise objections

IP/09/1123

13 July 2009

N603/2009 - Prolongation

EXME 09/1124

24 November 2009

SA.31922 - Prolongation

EXME 10/08.12

08 December 2010

SA. 32993 - Prolongation

EXME 11/09.06

09 June 2011

NN68/2009 – Hungarian liquidity support scheme

Decision not to raise objections

IP/10/19

14 January 2010

N225/2010 - Extension

IP/10/854

28 June 2010

SA.31927 (N 535/2010) - Prolongation

EXME/10/07.12

07 December 2010

SA.32994 – Prolongation

EXME/11/23.06

23 June 2011

SA 34078 - Extension

EXME/12/07.03

7 March 2012

SA.35144 – Prolongation

EXME/12/30.07

30 July 2012

SA.36087 - Prolongation

EXME/13/22.03

22 March 2013

SA.29608 (C37/2010) - Recapitalisation of FHB

EXME/12/22.02

22 February 2012

Ireland

NN48/2008 - Guarantee scheme
for banks in Ireland

Decision not to raise objections IP/08/1497

13 October 2008

N9/2009 - Recapitalisation of Anglo Irish Bank

Decision not to raise objections

IP/09/50

14 January 2009

N356/2009 - Recapitalisation of Anglo Irish Bank

Decision not to raise objections

IP/09/1045

26 June 2009

N61/2009 - Change of ownership of Anglo Irish Bank

Decision not to raise objections

IP/09/271

17 February 2009

N149/2009 - Recapitalisation of Bank of Ireland

Decision not to raise objections

IP/09/483

26 March 2009

N241/2009 - Recapitalisation of Allied Irish Bank

Decision not to raise objections

IP/09/744

12 May 2009

N349/2009 - Revised Irish guarantee scheme for financial institutions (Eligible Liabilities Guarantee scheme)

Decision not to raise objections

IP/09/1787

20 November 2009

N198/2010 - Prolongation

EXME/10/0531

31 May 2010

N254/2010 - Extension

IP/10/854

28 June 2010

N487/2010 – Extension (including guarantees on short-term liabilities)

Decision not to raise objections

EXME/10/10.11

10 November 2010

SA.33006 – Prolongation (including guarantees on short-term liabilities)

Decision not to raise objections

IP/11/673

01 June 2011

SA.33740 - Prolongation (including guarantees on short-term liabilities)

Decision not to raise objections

EXME/11/08.12

8 December 2011

SA.34746 - Prolongation

Decision not to raise objections

1 June 2012

SA.35744 - Extension

Decision not to raise objections

12/12.12

12 December 2012

N725/2009 - Irish impaired asset relief scheme (National Asset Management Agency (NAMA))

Decision not to raise objections

IP/10/198

26 February 2010

NN11/2010 – Temporary approval of Rescue measure in favour of INBS

Decision not to raise objections

IP/10/400

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

IP/10/400

31 March 2010

N160/2010 – Temporary approval of recapitalisation of EBS

Decision not to raise objections

IP/10/658

2 June 2010

N564/2009 - Approval of restructuring plan of Bank of Ireland

Decision not to raise objections

IP/10/954

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

EXME 10/03.08

3 August 2010

NN35/2010 – Temporary approval of third recapitalisation of Anglo Irish Bank

Decision not to raise objections

IP/10/1046

10 August 2010

N347/2010 – Guarantee scheme for Irish Financial Institutions

Decision not to raise objections

IP/10/1154

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

EXME 10/29.11

29 November 2010

SA.31891 – Second recapitalisation of Allied Irish Bank

Decision not to raise objections

IP/10/1765

21 December 2010

SA.32057 – Temporary approval of fourth recapitalisation and certain guarantees in favour of Anglo Irish Bank

Decision not to raise objections

IP/10/1765

21 December 2010

SA.31714 – Second recapitalisation of Irish Nationwide Building Society (INBS)

Decision not to raise objections

IP/10/1765

21 December 2010

SA.29907 and SA.32504 - Resolution of Anglo Irish Banks and Irish Nationwide Building Society

Final Decision

IP/11/801

29 June 2011

SA.33216 – Second rescue recapitalisation of Bank of Ireland

Decision not to raise objections

IP/11/854

11 July 2011

SA.33144 – Temporary approval of rescue aid for merged entity Allied Irish Banks/Educational Building Society

Decision not to raise objections

IP/11/892

15 July 2011

SA.33311 – Temporary approval of rescue aid for Irish Life & Permanent Group Holdings

Decision not to raise objections

IP/11/913

20 July 2011

SA.33023 – Restructuring of Quinn Insurance Limited

Decision not to raise objections

IP/11/1187

12 October 2011

SA.33443 – Second Restructuring Plan of Bank of Ireland

Decision not to raise objections

IP/11/1572

20 December 2011

SA.33170 – Resolution scheme for credit unions in Ireland

Decision not to raise objections

IP/11/1574

20 December 2011

SA.35209 - Prolongation

Decision not to raise objections

EXME/12/03.09

3 September 2012

SA.35819 - Prolongation

Decision not to raise objections

EXME/14.12

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

IP/09/929

16 June 2009

SA.34032 – Reintroduction of the Italian Guarantee scheme

EXME/11/15.12

15 December 2011

SA.34344 - Amendment

EXME/12/22.02

22 February 2012

N648/2008 - Recapitalisation scheme

Decision not to raise objections

IP/08/2059

23 December 2008

N97/2009 - Amendment

20 February 2009

N466/2009 - Prolongation

MEX/09/1006

6 October 2009

N425/2010 - Prolongation

EXME/10/21.10

21 October 2010

SA.35137 - MPS recapitalisation

IP/12/1383

17 December 2012

Latvia

NN68/2008 - Public support measures to Parex Banka

Decision not to raise objections

IP/08/1766

24 November 2008

NN3/2009 - Amendment to the Decision

11 February 2009

N189/2009 - Amendment to the Decision

IP/09/732

11 May 2009

N638/2008 - Guarantee scheme for banks

Decision not to raise objections

IP/08/2054

22 December 2008

N326/2009 – Prolongation

EXME/09/0630

30 June 2009

N664/2009 – Second prolongation

EXME/09/1217

17 December 2009

N223/2010 – Extension

IP/10/839

24 June 2010

NN60/2009 - Capital injection for Mortgage Bank of Latvia

Decision not to raise objections

IP/09/1742

19 November 2009

C26/2009 – Restructuring of Parex Banka

Final positive decision

IP/10/1127

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

IP/12/77

26 January 2012

SA.34747 - Amendments to Parex restructuring plan

EXME/12/10.08

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

IP/10/1032

5 August 2010

SA.32188 – Extension

EXME/11/21.1

21 January 2011

SA. 33135 - Prolongation

EXME/11/27.06

27 June 2011

SA 34288 - Extension

EXME/12/06.03

6 March 2012

SA.35129 - Prolongation

EXME/12/27.07

27 July 2012

SA.36047 - Prolongation

EXME/13/22.02

22 February 2013

SA.34208 - Rescue of the Lithuania's Central Credit Unions

MEX/12/0926

26 September 2012

Luxembourg

N344/2009&N380/2009 - Restructuring aid for Kaupthing Bank Luxembourg

Decision not to raise objections

IP/09/1107

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

IP/12/840

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

EXME/09/0707

7 July 2009

N669/2009 – Second prolongation

EXME/09/1217

17 December 2009

N238/2010 - Extension

IP/10/864

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

IP/08/1822

27 November 2008

N611/2008 - SNS REAAL/New capital injection by Dutch authorities

Decision not to raise objections

IP/08/1951

10 December 2008

C10/2009 - ING Illiquid asset facility

Decision not to raise objections

IP/09/514

31 March 2009

C10/2009 - ING restructuring plan and illiquid asset back-up facility

Final positive decision

IP/09/1729

18 November 2009

N371/2009 – Approval of recapitalisation of SNS REAAL

Decision not to raise objections

IP/10/82

28 January 2010

N372/2009 – Approval of recapitalisation of AEGON

Decision not to raise objections

IP/10/1053

17 August 2010

SA.29832 – ING call of hybrid instruments

IP/10/1619

30 November 2010

SA.26674 – Restructuring of ABN Amro Group

Final conditional decision

IP/11/406

5 April 2011

SA.33303 – Additional commitments by SNS - to ensure proper remuneration of a capital injection

Decision not to raise objections

EXME/11/19.12

19 December 2011

N 373/2009 (SA.28855) – ING approval of 2009 restructuring plan

Decision not to raise objections

IP/12/468

11 May 2012

SA.33305 and SA.29832 – Re-notification of recapitalisation aid to ING

Opening decision

IP/12/468

11 May 2012

SA.33305 and SA.29832 – Amendment of the ING restructuring

Final decision

IP/12/1226

16 November 2012

SA.35382 - Rescue aid for SNS REAAL

IP/13/150

22 February 2013

Poland

N208/2009 - Polish support scheme for financial institutions (guarantee and liquidity support)

Decision not to raise objections

IP/09/1360

25 September 2009

N 658/2009 - Prolongation

EXME/10/0209

9 February 2010

N236/2010 – Second Extension

IP/10/864

29 June 2010

SA.31923 – Third Prolongation

EXME 10/16.12

16 December 2010

SA.33008 and 32946 – Prolongation

EXME/11/28.6

28 June 2011

SA.34081 - Prolongation

EXME/12/08.02

8 February 2012

SA.34811 - Prolongation

EXME/12/09.07

9 July 2012

SA.35944 - Prolongation

EXME/13/29.01

29 January 2013

N302/2009 – Polish bank recapitalisation scheme

Decision not to raise objections

IP/09/1979

21 December 2009

N 262/2010 - Prolongation

5 July 2010

SA.31924 – Second extension

EXME 10/16.12

16 December 2010

SA.33007 – Prolongation

EXME/11/28.6

28 June 2011

SA.34066 - Prolongation

EXME/12/27.2

27 February 2012

SA.34812 – Prolongation

EXME/12/29.06

29 June 2012

SA.35943 - Prolongation

EXME/13/11.02

11 February 2013

Portugal

NN60/2008 - Guarantee scheme for credit institutions in Portugal

Decision not to raise objections IP/08/1601

29 October 2008

N51/2010 – Prolongation

EXME/10/0222

22 February 2010

N 315/2010 - Extension

IP/10/997

23 July 2010

SA.32158 – Third prolongation

EXME/11/21.1

21 January 2011

SA.33178 – Fourth prolongation

EXME/11/30.06

30 June 2011

SA.34034 - Amendment

EXME/11/21.12

21 December 2011

SA.34958 - Prolongation

EXME/12/27.06

27 June 2012

SA.35743 - Prolongation

EXME/12/17.12

17 December 2012

N556/2008 - Bank recapitalisation scheme

Decision not to raise objections

IP/09/818

20 May 2009

N 80/2010 – Prolongation

EXME/10/0317

17 March 2010

N314/2010 – Second prolongation

IP/10/997

23 July 2010

SA.32157 – Third extension

EXME/11/21.1

21 January 2011

SA.33177 – Fourth prolongation

EXME/11/30.06

30 June 2011

SA.34055 – Prolongation

EXME/12/30.05

30 May 2012

SA.35747 - Prolongation

EXME/12/17.12

17 December 2012

C33/2009 - Banco Privado Português – recovery of illegal State aid

Negative decision with recovery

IP/10/972

20 July 2010

SA.26909 – Banco Português de Negócios

Approval of the restructuring

IP/12/315

27 March 2012

SA.34055 (2011/N) - New recapitalisation scheme for banks in Portugal

Decision not to raise objections

EXME/12/30.5

30 May 2012

SA.35062 - Recapitalisation of Caixa Geral de Depósitos, S.A. (CGD)

Decision not to raise objections

IP/12/805

18 July 2012

Rescue recapitalisation of Banif

Decision not to raise objections

IP/13/31

21 January 2013

Slovakia

N392/2009 - Slovak bank support scheme (guarantees and recapitalisations)

Decision not to raise objections

IP/09/1889

8 December 2009

Slovenia

N531/2008 - Guarantee scheme for credit institutions in Slovenia

Decision not to raise objections

IP/08/1964

12 December 2008

N331/2009 - Prolongation

EXME/09 / 22.06

22 June 2009

N651/2009 – Second prolongation

EXME/09/1217

17 December 2009

N245/2010 - Extension

IP/10/864

29 June 2010

N637/2008 - Liquidity scheme for financial sector

Decision not to raise objections

IP/09/452

20 March 2009

N510/2009 – Prolongation

EXME/09/1910

19 October 2009

N113/2010 – Second Prolongation

EXME/10/0415

15 April 2010

N321/2010 – Extension

IP/10/1066

24 August 2010

SA.32261 – Temporary approval of rescue recapitalisation of Nova Ljubljanska Banka

IP/11/264

7 March 2011

SA.34937 - Second Recapitalisation of NLB

Decision not to raise objections

IP/12/724

2 July 2012

SA.35709 - Recapitalisation of NKBM

Decision not to raise objections

MEX/12/1220

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

EXME/09/0807

7 August 2009

NN54b/2008 - Spanish guarantee scheme for credit institutions

Decision not to raise objections

IP/08/2049

22 December 2008

Prolongation

EXME/09 / 0625

25 June 2009

N588/2009 - Second prolongation

EXME/09/1201

1 December 2009

N263/2010 - Extension

IP/10/854

28 June 2010

SA.32921 – Prolongation

EXME 10/29.11

29 November 2010

SA.32990 – Prolongation

IP/11/673

1 June 2011

SA 34224 - Prolongation

EXME 12/09.02

9 February 2012

SA 34904 - Extension

EXME/12/29.06

29 June 2012

SA.36020 - Prolongation

EXME/13/06.02

6 February 2013

N28/2010 – Spanish recapitalisation scheme for credit institutions (Fondo de Reestructuración Ordenada Bancaria" (FROB))

Decision not to raise objections

IP/10/70

28 January 2010

N317/2010 – Prolongation

IP/10/997

23 July 2010

SA.35069 - New recapitalisation Scheme for credit institutions

Decision not to raise objections

IP/12/849

25 July 2012

NN61/2009 - Restructuring aid for Caja Castilla La Mancha

Decision not to raise objections

IP/10/855

29 June 2010

N 392/2010 – Restructuring aid for Spanish saving bank Caja Sur

Decision not to raise objections

IP/10/1479

8 November 2010

SA.33402 – Capital injection for Caja de Ahorros de Mediterraneo (CAM)

Decision not to raise objections

EXME 11/25.07

24 July 2011

SA.33096 – Temporary approval of rescue aid for NCG Banco

Decision not to raise objections

IP/11/1143

30 September 2011

SA.33095 – Temporary approval of rescue aid for Unnim Banc

Decision not to raise objections

IP/11/1143

30 September 2011

SA.33103 – Temporary approval of rescue aid for Catalunya Banc

Decision not to raise objections

IP/11/1143

30 September 2011

SA. SA.33917 – Temporary approval of the recapitalisation and liquidity support for Banco de Valencia

Decision not to raise objections

IP/11/1388

21 November 2011

SA.34255 - Restructuring of CAM

Decision not to raise objections

IP/12/517

30 May 2012

SA.34820 - Rescue aid to BFA/Bankia

Decision not to raise objections

IP/12/699

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

IP/12/839

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

IP/12/1277

28 November 2012

SA.35253 - Restructuring of BFA/Bankia

Decision not to raise objections

IP/12/1277

28 November 2012

SA.33734 - Restructuring of NovaCaixaGalicia

Decision not to raise objections

IP/12/1277

28 November 2012

SA.34053 - Restructuring of Banco de Valencia

Decision not to raise objections

IP/12/1277

28 November 2012

SA.34536 - Restructuring of CEISS

IP/12/1432

20 December 2012

SA.35488 - Restructuring of Banco Mare Notrum -

IP/12/1432

20 December 2012

SA.35489 - Restructuring of Caja3

IP/12/1432

20 December 2012

SA.35490 - Restructuring of Liberbank

IP/12/1432

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

IP/09/186

28 January 2009

N154/2009 - Amendment and prolongation

IP/09/652

28 April 2009

N544/2009 – Prolongation

EXME/09/1026   

26 October 2009

N 127/2010 – Second Prolongation

EXME/10/0422

22 April 2010

N 207/2010 - Extension of Swedish guarantee scheme

EXME/10/0615

15 June 2010

SA.31949 – Prolongation

EXME 10/01.12

1 December 2010

NN64/2008 - Emergency rescue measures regarding Carnegie Investment Bank

Decision not to raise objections

IP/08/1977

15 December 2008

N69/2009 - Recapitalisation scheme

Decision not to raise objections

IP/09/241

11 February 2009

N436/2009 - Prolongation

EXME/09 / 0805

5 August 2009

NN 18/2010 – Clearance of restructuring aid for Carnegie Investment Bank

Decision not to raise objections

IP/10/558

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

IP/09/586

15 April 2009

N537/2009 – Prolongation

EXME/10/13

13 October 2009

N677/2009 - Prolongation

EXME/09/1217

17 December 2009

N111/2009 - Working capital guarantee scheme

Decision not to raise objections

IP/09/471

24 March 2009

UK Asset backed Securities guarantee scheme

Decision not to raise objections

IP/09/613

21 April 2009

Prolongation

EXME/09/1027

27 October 2009

C14/2008 - Restructuring package for Northern Rock

Final conditional decision after formal investigation procedure

IP/09/1600

28 October 2009

N428/2009 - Restructuring plan of Lloyds Banking Group

Decision not to raise objections

IP/09/1728

18 November 2009

N422/2009 and N621/2009 - Royal Bank of Scotland, impaired asset relief measure and restructuring plan

Decision not to raise objections

IP/09/1915

14 December 2009

N194/2009 – Liquidation aid to Bradford & Bingley

Decision not to raise objections

IP/10/47

25 January 2010

NN19/2009 – Restructuring of Dunfermline Building Society

Decision not to raise objections

IP/10/48

25 January 2010

SA.34218 - UK Credit Easing Schemes

EXME/12/14.03

14 March 2012

SA.34908 - Extension

EXME/12/26.06

26 June 2012

SA.35755 - Prolongation

EXME/12/14.12

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

IP/09/1998

22 June 2010

IP/10/774

24 May 2011

IP/11/636

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 2012

IP/12/77

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

IP/12/347

Case under assessment

Denmark

SA.34445 (2012/N) - The transfer of property-related assets from FIH to the FSC

29 June 2012

IP/12/723

Case under assessment

Slovenia

SA.33229 - Restructuring of NLB

2 July 2012

IP/12/724

Case under assessment

Greece

SA.34488 Restructuring aid to Proton bank through creation and capitalisation of Nea Proton

27 July 2012

IP/12/854

Case under assessment

Greece

SA.34823 HFSF Recapitalisation commitment to Alpha Bank

27 July 2012

IP/12/860

Case under assessment

Greece

SA.34824 HFSF Recapitalisation commitment to National Bank of Greece

27 July 2012

IP/12/860

Case under assessment

Greece

SA.34825 HFSF Recapitalisation commitment to EFG Eurobank

27 July 2012

IP/12/860

Case under assessment

Greece

SA.34826 HFSF Recapitalisation commitment to Piraeus Bank

27 July 2012

IP/12/860

Case under assessment

Portugal

SA.35062 - Recapitalisation of Caixa Geral de Depósitos, S.A. (CGD)

17 December 2012

IP/12/1395

Case under assessment

1 :

As a general rule, aid schemes are reviewable six months after approval. Some individual decisions are subject to a review and possible restructuring plan.


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