The State aid which Germany implemented and is planning to implement in favour of Hypo Real Estate Group, consisting of:
capital injection of EUR 60 million, notified on 17 April 2009,
capital injection of EUR 2,96 billion, notified on 3 June 2009,
capital injection of EUR 3 billion, notified on 26 October 2009,
capital injection of EUR 1,85 billion, notified on 30 April 2010, of which EUR 450 million is contingent on the existence of certain circumstances,
capital injection of EUR 2,08 billion, notified on 10 September 2010,
guarantees of EUR 35 billion, notified on 30 September 2008,
guarantees of EUR 52 billion, notified on 17 April 2009,
guarantee of EUR 8 billion, notified on 26 October 2009,
guarantee of EUR 10 billion, notified on 26 October 2009,
liquidity guarantee of EUR 20 billion, notified on 2 September 2010,
settlement guarantee of EUR 20 billion, notified on 10 September 2010 and
assets transfer to the winding-up institution FMS Wertmanagement AöR, notified on 10 September 2010,
is compatible with the internal market on the basis of Article 107(3)(b) of the Treaty on the Functioning of the European Union in the light of the commitments set out in the Annex to this Decision.
Germany shall ensure that, from the notification of this Decision, detailed quarterly reports are submitted to the Commission on the measures taken to comply with it, in line with the time schedule set out in the Annex to the commitments.
This Decision is addressed to the Federal Republic of Germany.
Done at Brussels, 18 July 2011.
For the Commission
Joaquín Almunia
Vice-President