The European Banking Authority (EBA) published a formal Recommendation, and the final figures, related to banks’ recapitalisation needs. These measures form part of a broader European package, agreed by the European Council on 26 October and confirmed during the ECOFIN Council on 30 November, to address the current situation in the EU by restoring stability and confidence in the markets.

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(1) Österreichische Volksbank AG is included but its results should be considered as pro forma. This group is currently being deeply restructured and its business model evaluated, after which time it will end up in a regional active bank.

(2) Dexia group is included but the shortfall amount should be considered as pro-forma. After the cut-off date of 30 September, this Group has indeed been deeply restructured and a state guarantee will be provided on the funding issued by Dexia SA and its subsidiary Dexia Credit Local. The restructured group, which will not further develop significant cross-border activity and will radically shrink in size, will not remain in the EBA sample. The sale of Dexia Bank Belgium has led to a fresh cash injection of 4bn euros while the disposal processes of other important entities (Dexia Bank Internationale à Luxemburg, RBC Dexia Investor Services, Dexia Asset Management, Dexia Municipal Agency and DenizBank) aim to further strenghten its capital position.

(3) As an EFTA state of the EEA, any requirement and supervisory action pertaining to capital needs in Norwegian banks is within the competence of Norwegian authorities