Press Release: State aid: Commission approves restructuring aid for German bank NORD/LB

The European Commission has concluded that around €3.3 billion of restructuring aid granted to the German Landesbank NORD/LB to meet its capital requirements are in line with EU state aid rules.

The Commission found that the restructuring plan submitted by the German authorities ensures that the bank is viable, that the public authorities that granted the aid receive adequate remuneration for it and that the bank uses the public support to strengthen its capital in the coming years by not paying dividends to shareholders and not making acquisitions.