February 11, 2009 / 4:27 PM / 11 years ago

FACTBOX-Bank bailouts around the world

Feb 11 (Reuters) - Hypo Real Estate HRXG.DE on Wednesday again went to the German government bailout program for help. It is just one in a long list banks getting aid.

Following are details about major bank bailouts since September:


Feb. 11 — Hypo Real Estate HRXG.DE says it will take another 10 billion euros ($13 billion) in guarantees from Germany’s bank rescue fund, bringing its total to 52 billion. Jan. 8 — Commerzbank (CBKG.DE) says the government will take a stake of 25 percent plus one share and the bank will get 18.2 billion euros in state capital and 15 billion in guarantees.

Dec. 1 — State of Bavaria says it will inject 10 billion euros into BayernLB BLGGgg.F and bank will get 20 billion euros of state guarantees.

Sept. 29 — Germany agrees to give Hypo Real Estate the bulk of 35 billion euros in credit guarantees.


Nov. 3 — Government buys 99.8 percent of Kommunalkredit KKAT.UL for a nominal sum and says it will inject fresh capital. It takes 49 percent stake in Franco-Belgian group Dexia DEXI.BR and 50.8 percent stake in Oesterreichische Volksbanken AG OTVVp.VI for 1 euro each.


Jan. 30 — BNP Paribas, Belgium and Fortis agree on revisions to the deal to carve up Fortis FOR.BR. BNP Paribas (BNPP.PA) is to take a 10 percent stake in Fortis Insurance Belgium. It is to buy 75 percent of Fortis Bank Belgium and 16 percent of Fortis Bank Luxembourg, as agreed in October.

Oct. 5 — BNP Paribas takes control of the Belgian and Luxembourg businesses of Fortis, which will make Belgium the French bank’s biggest shareholder.

Sept. 29 — The Belgian, Dutch and Luxembourg governments agree to inject 11.2 billion euros into Fortis. Each government is to take a 49 percent stake in the Fortis banks in their countries.

September — Belgian, French and Luxembourg governments and shareholders pledge 6.4 billion euros to bail out Dexia.


Nov. 28 — Government buys 58 percent stake in Royal Bank of Scotland (RBS) (RBS.L) for 15 billion pounds.

Oct. 13 — Announces plans to give RBS, Lloyds TSB (LLOY.L), and HBOS a 37 billion pound cash injection and take equity stakes in each of the banks

Sept. 29 — Nationalises Bradford & Bingley, saying the Treasury will take over its 50 billion pound mortgage portfolio, and will sell its deposits and branches to Spanish bank Santander


Sept. 22 — Central bank steps in to secure liquidity at Ebh Bank EBH.CO.


Jan. 27 — Government says it will spend up to 5 billion euros to boost banks’ capital through buying preferred shares. National Bank (NBGr.AT) is to get a capital boost of 350 million euros, EFG Eurobank EFGr.AT and Alpha Bank (ACBr.AT) 950 million each, Piraeus Bank (BOPr.AT) 370 million and ATEbank AGBr.AT 675 million.


Oct. 9 — Takes control of Kaupthing

Oct. 7 — Takes control of Landsbanki

Sept. 29 — Agrees to buy a 75 percent stake in Glitnir for 600 million euros ($878 million)


Jan. 15 — Government nationalises Anglo Irish Bank. Ireland 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.


Feb. 2 — Government says it will buy 78.14 percent stake in top bank BTA BTAS.KZ and is looking to rescue No.4 bank Alliance Bank ALLBq.L by buying a 76 percent stake and putting $200 million deposit in to boost liquidity.


Feb. 5 — Russia says it will spend at least another 400 billion roubles ($11.14 billion) helping banks and is to inject 200 billion roubles into VTB (VTBR.MM). Sberbank SBER03.MM may also get money.


Jan. 16 — Government gives Bank of America Corp (BAC.N) a $20 billion bailout and a guarantee for about $100 billion of potential losses on toxic assets.

Nov. 23 — Announces rescue package for Citigroup Inc (C.N), agreeing to shoulder most losses on about $306 billion in risky assets. Another $20 billion of new capital is offered the following day.

Oct. 14 — Announces plans to take equity stakes worth up to $250 billion in financial institutions, with half going to Citigroup Inc, JPMorgan Chase (JPM.N), Morgan Stanley (MS.N), Goldman Sachs Group (GS.N), Bank of America Corp, Merrill Lynch & Co, Wells Fargo & Co (WFC.N), State Street Corp (STT.N) and Bank of New York Mellon Corp (BK.N). (Writing by Jijo Jacob and David Cutler; editing by Karen Foster)

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