# C_2009147EN.01000101.xml

| 27.6.2009 | EN | Official Journal of the European Union | C 147/1 |
| --- | --- | --- | --- |

27.6.2009

EN

Official Journal of the European Union

C 147/1

---

Authorisation for State aid pursuant to Articles 87 and 88 of the EC Treaty

Cases where the Commission raises no objections

(Text with EEA relevance)

2009/C 147/01

| Date of adoption of the decision | 24.11.2008 |
| --- | --- |
| Reference number of State aid | NN 68/08 |
| Member State | Latvia |
| Region | — |
| Title (and/or name of the beneficiary) | Public support measures to JSC Parex Banka |
| Legal basis | Law on Budget and Financial Management |
| Type of measure | Individual aid |
| Objective | Aid to remedy serious disturbances in the economy |
| Form of aid | Guarantee, Other forms of equity intervention, Soft loan |
| Budget | Overall budget: LVL 945 million |
| Intensity | 100 % |
| Duration (period) | 11.11.2008-11.5.2009 |
| Economic sectors | Financial intermediation |
| Name and address of the granting authority | Ministry of Finance |
| Smilšu 1 |
| Rīga, LV-1919 |
| LATVIJA |

Date of adoption of the decision

24.11.2008

Reference number of State aid

NN 68/08

Member State

Latvia

Region

—

Title (and/or name of the beneficiary)

Public support measures to JSC Parex Banka

Legal basis

Law on Budget and Financial Management

Type of measure

Individual aid

Objective

Aid to remedy serious disturbances in the economy

Form of aid

Guarantee, Other forms of equity intervention, Soft loan

Budget

Overall budget: LVL 945 million

Intensity

100 %

Duration (period)

11.11.2008-11.5.2009

Economic sectors

Financial intermediation

Name and address of the granting authority

Ministry of Finance

Smilšu 1

Rīga, LV-1919

LATVIJA

Other information

—

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

http://ec.europa.eu/community_law/state_aids/index.htm

| Date of adoption of the decision | 21.4.2009 |
| --- | --- |
| Reference number of State aid | N 664/08 |
| Member State | Hungary |
| Region | — |
| Title (and/or name of the beneficiary) | Support measure for the banking industry in Hungary |
| Legal basis | Reinforcement of the Stability of the Financial Intermediary System (2008. évi CIV. törvény a pénzügyi közvetítőrendszer stabilitásának erősítéséről) |
| Type of measure | Aid scheme |
| Objective | Aid to remedy serious disturbances in the economy |
| Form of aid | Guarantee, Recapitalisation |
| Budget | Overall budget: HUF 300 billion for the recapitalisation and HUF 1 500 billion for the guarantee |
| Intensity | — |
| Duration (period) | Recapitalisation: 31 March 2009
  Guarantee measure: 30 June 2009 |
| Economic sectors | Financial intermediation |
| Name and address of the granting authority | Ministry of Finance |
| Other information | — |

Date of adoption of the decision

21.4.2009

Reference number of State aid

N 664/08

Member State

Hungary

Region

—

Title (and/or name of the beneficiary)

Support measure for the banking industry in Hungary

Legal basis

Reinforcement of the Stability of the Financial Intermediary System (2008. évi CIV. törvény a pénzügyi közvetítőrendszer stabilitásának erősítéséről)

Type of measure

Aid scheme

Objective

Aid to remedy serious disturbances in the economy

Form of aid

Guarantee, Recapitalisation

Budget

Overall budget: HUF 300 billion for the recapitalisation and HUF 1 500 billion for the guarantee

Intensity

—

Duration (period)

Recapitalisation: 31 March 2009

Guarantee measure: 30 June 2009

Economic sectors

Financial intermediation

Name and address of the granting authority

Ministry of Finance

Other information

—

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

http://ec.europa.eu/community_law/state_aids/index.htm

| Date of adoption of the decision | 11.2.2009 |
| --- | --- |
| Reference number of State aid | NN 3/09 |
| Member State | Latvia |
| Region | — |
| Title (and/or name of the beneficiary) | Amendments to the Public support measures to JSC Parex Banka |
| Legal basis | The Government Regulation ‘Issuing and supervision of guarantees for bank loans’, Law on Bank takeover, Parex investment agreement, Individual decision taken by the Government |
| Type of measure | Individual aid |
| Objective | Aid to remedy serious disturbances in the economy |
| Form of aid | Guarantee, other forms of equity intervention, soft loan |
| Budget | Overall budget: LVL 2 245 million |
| Intensity | — |
| Duration (period) | 11.11.2008-11.5.2009 |
| Economic sectors | Financial intermediation |
| Name and address of the granting authority | Ministry of Finance |
| Smilšu 1 |
| Rīga, LV-1919 |
| LATVIJA |

Date of adoption of the decision

11.2.2009

Reference number of State aid

NN 3/09

Member State

Latvia

Region

—

Title (and/or name of the beneficiary)

Amendments to the Public support measures to JSC Parex Banka

Legal basis

The Government Regulation ‘Issuing and supervision of guarantees for bank loans’, Law on Bank takeover, Parex investment agreement, Individual decision taken by the Government

Type of measure

Individual aid

Objective

Aid to remedy serious disturbances in the economy

Form of aid

Guarantee, other forms of equity intervention, soft loan

Budget

Overall budget: LVL 2 245 million

Intensity

—

Duration (period)

11.11.2008-11.5.2009

Economic sectors

Financial intermediation

Name and address of the granting authority

Ministry of Finance

Smilšu 1

Rīga, LV-1919

LATVIJA

Other information

—

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

http://ec.europa.eu/community_law/state_aids/index.htm

| Date of adoption of the decision | 21.4.2009 |
| --- | --- |
| Reference number of State aid | N 232/09 |
| Member State | United Kingdom |
| Region | — |
| Title (and/or name of the beneficiary) | Assets Backed Securities Scheme |
| Legal basis | Section 228 of the Banking Act 2009 |
| Type of measure | Aid scheme |
| Objective | Aid to remedy serious disturbances in the economy |
| Form of aid | Guarantee |
| Budget | Overall budget: EUR 50 000 million |
| Intensity | — |
| Duration (period) | until 22.11.2009 |
| Economic sectors | Financial intermediation |
| Name and address of the granting authority | HM Treasury |
| 1 Horse Guards Road |
| London |
| SW1A 2HQ |
| UNITED KINGDOM |

Date of adoption of the decision

21.4.2009

Reference number of State aid

N 232/09

Member State

United Kingdom

Region

—

Title (and/or name of the beneficiary)

Assets Backed Securities Scheme

Legal basis

Section 228 of the Banking Act 2009

Type of measure

Aid scheme

Objective

Aid to remedy serious disturbances in the economy

Form of aid

Guarantee

Budget

Overall budget: EUR 50 000 million

Intensity

—

Duration (period)

until 22.11.2009

Economic sectors

Financial intermediation

Name and address of the granting authority

HM Treasury

1 Horse Guards Road

London

SW1A 2HQ

UNITED KINGDOM

Other information

—

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

http://ec.europa.eu/community_law/state_aids/index.htm

| Date of adoption of the decision | 7.5.2009 |
| --- | --- |
| Reference number of State aid | N 244/09 |
| Member State | Germany |
| Region | — |
| Title (and/or name of the beneficiary) | Commerzbank |
| Legal basis | Gesetz sur Errichtung eines Sonderfonds Finanzmarktstabilisierung |
| Type of measure | Aid scheme |
| Objective | Aid to remedy serious disturbances in the economy |
| Form of aid | Direct grant |
| Budget | Overall budget: EUR 1 820 million |
| Intensity | — |
| Duration (period) | — |
| Economic sectors | Financial intermediation |
| Name and address of the granting authority | Sonderfonds Finanzmarktstabilisierung (SoFFin) |
| Finanzmarktstabilisierungsanstalt |
| Taunusanlage 6 |
| 60329 Frankfurt am Main |
| DEUTSCHLAND |

Date of adoption of the decision

7.5.2009

Reference number of State aid

N 244/09

Member State

Germany

Region

—

Title (and/or name of the beneficiary)

Commerzbank

Legal basis

Gesetz sur Errichtung eines Sonderfonds Finanzmarktstabilisierung

Type of measure

Aid scheme

Objective

Aid to remedy serious disturbances in the economy

Form of aid

Direct grant

Budget

Overall budget: EUR 1 820 million

Intensity

—

Duration (period)

—

Economic sectors

Financial intermediation

Name and address of the granting authority

Sonderfonds Finanzmarktstabilisierung (SoFFin)

Finanzmarktstabilisierungsanstalt

Taunusanlage 6

60329 Frankfurt am Main

DEUTSCHLAND

Other information

—

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

http://ec.europa.eu/community_law/state_aids/index.htm

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