Press Release: State aid: Commission authorises amendment to French scheme to inject capital into certain credit institutions

The European Commission approved, under the state aid rules of the EC Treaty, an amendment to the French scheme to inject capital into credit institutions which it approved on 8 December 2008 and 28 January 2009. The amendment related to the terms governing the remuneration and reimbursement of the preference shares issued by the beneficiary banks in return for their recapitalisation by the State. The amended scheme was consistent with the Commission's recommendations on support measures for banks during the crisis. It provided in particular for adequate remuneration for the measures in question.