COMMISSION DECISION
of 20 October 2004
on State Aid implemented by Germany for Landesbank Berlin — Girozentrale
(notified under document number C(2004) 3924)
(Only the German text is authentic)
(Text with EEA relevance)
(2006/736/EC)
I. PROCEDURE
II. DETAILED DESCRIPTION OF THE MEASURES
1. LANDESBANK BERLIN — GIROZENTRALE (‘LBB’)
2. TRANSFER OF WBK TO LBB
3. CAPITAL REQUIREMENTS UNDER THE OWN FUNDS AND SOLVENCY DIRECTIVES
4. EFFECTS OF THE TRANSFER ON LBB'S CAPITAL BASE
III. GROUNDS FOR INITIATING THE PROCEDURE
IV. COMMENTS FROM GERMANY
V. COMMENTS FROM OTHER INTERESTED PARTIES
VI. GERMANY'S RESPONSE TO THE COMMENTS OF OTHER INTERESTED PARTIES
VII. UNDERSTANDING BETWEEN THE BDB, THE LAND OF BERLIN AND LBB
VIII. ASSESSMENT OF THE MEASURES
1. ON THE GENERAL QUESTION OF THE LIMITATION PERIOD
2. STATE AID WITHIN THE MEANING OF ARTICLE 87(1) OF THE EC TREATY
2a. STATE RESOURCES
2b. FAVOURING OF A PARTICULAR UNDERTAKING
(1) Market-economy investor principle
(2) Article 295 of the EC Treaty
(3) Ownership structure
(4) Remuneration and elements of remuneration
(5) Aid element
Values (DEM million at year end) |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004(35) |
Total |
Total € |
||
|
1 715,2 |
2 005,8 |
2 105,8 |
2 206,0 |
2 306,0 |
2 356,0 |
2 406,0 |
2 456,5 |
2 600,0 |
2 623,8 |
2 625,4 |
2 625,4 |
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|
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Amount used for promotion business |
168,7 |
180,1 |
273,2 |
323,8 |
346,4 |
233,6 |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
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Special-purpose reserve remaining |
1 546,5 |
1 825,7 |
1 832,6 |
1 882,2 |
1 959,6 |
2 122,4 |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
|
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Interest rate |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
6,57 % |
|
|
||
Remuneration payable |
101,6 |
119,9 |
120,4 |
123,7 |
128,7 |
139,4 |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
||
|
187,5 |
46,9 |
46,9 |
46,9 |
46,9 |
|
|
|
|
|
|
|
|
|
||
Interest rate |
10,19 % |
10,19 % |
10,19 % |
10,19 % |
10,19 % |
|
|
|
|
|
|
|
|
|
||
Remuneration payable |
19,1 |
4,8 |
4,8 |
4,8 |
4,8 |
|
|
|
|
|
|
|
38,2 |
19,5 |
||
Guarantee fee |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
0,15 % |
|
|
||
Remuneration payable |
0,253 |
0,270 |
0,410 |
0,486 |
0,520 |
0,350 |
[…] |
[…] |
[…] |
[…] |
[…] |
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[…] |
||
|
0,0 |
0,0 |
0,0 |
1,2 |
3,4 |
3,6 |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
||
|
121,0 |
125,0 |
125,6 |
127,7 |
130,6 |
136,2 |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
1 584,5 |
810,14 |
2c. DISTORTION OF COMPETITION AND EFFECT ON TRADE BETWEEN MEMBER STATES
3. COMPATIBILITY OF THE MEASURE WITH THE EC TREATY
4. NO EXISTING AID
5. CONCLUSION
Article 1
Article 2
Article 3
Article 4
Article 5
ANNEX
INFORMATION REGARDING THE IMPLEMENTATION OF THE COMMISSION DECISION
1. Calculation of the amount to be recovered
Date(s) of payment(1) |
Amount of aid(2) |
Currency |
Identity of recipient |
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2. Recovery measures planned or already taken
3. Recovery already effected
Date(s)(3) |
Amount of aid repaid |
Currency |
Identity of recipient |
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