Press Release: State aid: the Commission approves Danish rescue package for Roskilde Bank

The European Commission authorised, under the EC Treaty’s rules on state aid, the package of measures to support Roskilde Bank in Denmark. With effect from 11 July 2008, the Danish National Bank granted Roskilde Bank a liquidity facility, which was guaranteed partly by the private financial sector, partly by the Danish state. The Commission received the details of the measures on 21 July 2008. It concluded that the private guarantee and the part of the liquidity facility that it covers do not constitute State aid. At the same time, the remaining part of the liquidity facility, as well as the state guarantee constitute compatible rescue aid measures.

• Primary Source

European Commission: MEMO08/532: State aid: Commission approves Danish rescue package for Roskilde Bank – frequently asked questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/532&format=HTML&aged=0&language=EN&guiLanguage=en

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