FACTBOX: Bank bailouts around the world
(Reuters) - Russia and Sweden are planning capital injections for their banking sectors, according to reports on Tuesday, as the number of industrialized countries stepping in to protect their lenders from possible collapse grows.
Government sources said Russia plans a 900 billion-rouble ($27.4 billion) capital injection for commercial banks hit by the economic crisis [nLR147411], while a newspaper in Sweden said the government there was set to present a plan to offer state capital to its banks.
Following are other bank bailouts since September:
AUSTRIA
November 3 -- Buys 99.8 percent of Kommunalkredit KKAT.UL for a nominal sum and says will inject fresh capital. Takes 49 percent stake of Franco-Belgian group Dexia (DEXI.BR) and the 50.8 percent stake of Oesterreichische Volksbanken AG for 1 euro each.
BELGIUM, FRANCE, LUXEMBOURG & NETHERLANDS
September -- Belgian, French and Luxembourg governments and shareholders pledge 6.4 billion euros ($8.45 billion) to bail out Franco-Belgian bank Dexia. (DEXI.BR)
September 29 -- The Belgian, Dutch and Luxembourg governments agree to inject 11.2 billion euros into Fortis FOR.BR. Each government would take a 49 percent stake in Fortis banks in their respective countries.
BRITAIN
September 29 -- Nationalises Bradford & Bingley BB.L, saying the Treasury would take over its 50 billion pound ($70.55 billion) mortgage portfolio, and sell its deposits and branches to Spanish bank Santander (SAN.MC)
October 13 -- Announces plans to give Royal Bank of Scotland (RBS) (RBS.L), Lloyds TSB (LLOY.L), and HBOS HBOS.L a 37 billion pound ($64 billion) cash injection. The government would take equity stakes in each of the banks.
Nov 28 -- Buys 58 percent stake in RBS for 15 billion pounds after shareholders shun bank's share offer
January 19 -- Launches a second bank rescue plan, under which the Bank of England would set up an asset purchase programme to buy private sector assets with an initial fund of 50 billion pounds
DENMARK
September 22 -- Central bank stepped in to secure liquidity at Ebh Bank EBH.CO. Ebh did not say how much liquidity it had received, or which Danish banks joined with the central bank in the cash booster.
GERMANY
September 29 -- Agrees to provide the bulk of 35 billion euros in credit guarantees for Hypo Real Estate HRXG.DE. Commercial banks and insurers agree on October 5 to provide another 15 billion euros in liquidity to Hypo in deal brokered by the government.
January 8 -- Commerzbank (CBKG.DE) says the government to take stake of 25 percent plus one share. Bank would get a total of 18.2 billion euros in state capital plus 15 billion in guarantees.
December 1 -- State of Bavaria says it will inject 10 billion euros into BayernLB BAYLB.UL, the lender it partly owns. BayernLB would get a further 20 billion euros of state guarantees.
ICELAND
September 29 -- Agrees to buy a 75 percent stake in Glitnir GLB.IC for 600 million euros ($878 million).
October 7 -- Takes control of Landsbanki LAIS.IC
October 9 -- Takes control of Kaupthing KAUP.IC
IRELAND
January 15 -- Nationalises Anglo Irish Bank ANGL.I. Government had already agreed in December to inject an initial 1.5 billion euros of core tier 1 capital via preference shares for 75 percent of all voting rights in the bank.
UNITED STATES
October 14 -- Announces plans to take equity stakes worth up to $250 billion in financial institutions, with half going to Citigroup Inc (C.N), JPMorgan Chase (JPM.N), Morgan Stanley (MS.N), Goldman Sachs Group (GS.N), Bank of America Corp (BAC.N) and Merrill Lynch & Co MER.N, Wells Fargo & Co (WFC.N), State Street Corp (STT.N) and Bank of New York Mellon Corp (BK.N). November 23 -- Announces rescue package for Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets. A further $20 billion of new capital is offered the following day. January 16 -- Gives Bank of America Corp a $20 billion bailout and a guarantee for about $100 billion of potential losses on toxic assets.
($1=.7573 Euro)
($1=.7087 Pound)
(Writing by Jijo Jacob and David Cutler; editing by Karen Foster)
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