Global Trade Alert
Global Trade Alert

Germany: Recapitalisation of bank “Nord/LB”

Announcement

25 May 2011

In May 2011, the government of Germany announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

25 May 2011

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts)

On 25 May 2011, the state of 'Niedersachsen' approved a capital injection of EUR 600 million (later reduced to EUR 500 million) into the bank Nord/LB. The beneficiary is a major commercial bank with...

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