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State Aid

State aid rules on financial crisis measures prolonged

2.3.2011

PR(11)12
The Authority prolongs and amends its state aid rules on support measures in favour of banks in the context of the financial crisis.


The Authority has since the beginning of the financial crisis adopted four sets of Guidelines specifically addressing state aid measures to the banking sector.

The Authority has today prolonged and amended those Guidelines by adding a new Chapter. The new Financial Crisis Guidelines will expire on 31 December 2011.

The crisis-related state aid measures are maintained, but the conditions are now stricter. Tighter conditions will apply for granting state guarantees. The new Financial Crisis Guidelines introduce an increased guarantee fee and a new requirement of a viability plan.

In addition, recapitalisation and impaired assets measures will now be matched for all banks with an obligation to present a restructuring plan.

 

For further information, please contact:

 

Ms. Marianne Clayton
Senior officer
Competition and State Aid Directorate
tel. (+32)(0)2 286 18 23

 

 

 

 

 




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