Article 2U.K.
1.The following measures constitute State aid within the meaning of Article 107(1) TFEU:
(a)the recapitalisation of Bayerische Landesbank by the Land of Bavaria, in the amount of EUR 10 billion;
(b)the second-loss guarantee in the form of a risk shield granted to Bayerische Landesbank by the Land of Bavaria, in the amount of EUR 4,8 billion;
(c)the liability guarantees granted to Bayerische Landesbank by Germany, in the amount of EUR 15 billion;
(d)the funding guarantee granted to Bayerische Landesbank by Austria, in the amount of EUR 2,638 billion; and
(e)the transfer of EUR 1 billion in capital in Bayerische Landesbodenkreditanstalt from the Land of Bavaria to Bayerische Landesbank.
2.The State aid referred to in paragraph 1 is compatible with the internal market, in the light of the commitments set out in Annex I and Annex III and subject to the conditions set out in Annex II.