6 IN. DI LETTURA
MONTENEGRO - 800 million euro ($1.08 billion)
- BANK DEPOSITS: The government is ready to guarantee all personal and banking deposits, which together total over 800 million euros.
- LIQUIDITY: Proposed further central bank measures to increase day-to-day money market liquidity and provide more flexible loans.
- GUARANTEE INTERBANK LENDING: Proposed rescue package also allows for possibility of providing guarantees for interbank lending.
NETHERLANDS - 200 billion euros ($269.4 billion)
- GUARANTEE INTERBANK LENDING: The government said it will guarantee 200 billion euros in loans between banks and financial institutions.
- BANK CAPITAL: Government has set aside 20 billion euros to inject into financial institutions. Bank ING has agreed to take 10 billion euros while insurer Aegon is also looking at the govt offer.
NORWAY - 350 billion crowns ($57 billion)
- DEBT SWAP: Banks can swap covered bonds, including mortgage-backed securities, into new government bonds which they can use as collateral in central bank auctions for liquidity.
- LIQUIDITY: Norges Bank will offer two-year liquidity loans aimed at smaller banks.
- BANK CAPITAL: Government is prepared to inject fresh capital into banks, if needed.
- BANK DEPOSITS: State is working on boosting bank deposit guarantees to 175,000 zlotys ($65,790).
- LIQUIDITY: Central bank has endorsed the use of currency swaps and introduced repo operations to boost interbank liquidity. It also plans to widen the type of collateral it takes for loans.
PORTUGAL - 20 billion euros ($27 billion)
- LIQUIDITY: The government said it will offer a financing line to guarantee the liquidity of banks.
- BANK DEPOSITS: The government raised its bank deposit guarantees to 50,000 euros ($67,350) from 20,000 euros.
- LIQUIDITY: Government said liquidity is ample, but that it has the "necessary tools" to support banks through the injection of liquidity and would do so if necessary.
RUSSIA - $210 billion
- BANK CAPITAL: Applications for funds from companies in the banking sector total around $20 billion. State to increase stake in bank VTB (VTBR.MM) and has pledged 950 billion roubles ($35 billion) in subordinated loans for the banking sector, with 500 billion going to Sberbank SBER03.MM and the rest put on deposit at state-owned Vneshekonombank (VEB), to be distributed to other banks.
- LIQUIDITY: Central bank to offer more roubles in its twice-daily repo auctions and be allowed to make collateral-free loans to around 100 of Russia's top banks. Banks' reserve requirements cut.
- BUDGET FUNDS: More than double the amount of state funds will be allowed to be put on deposit at commercial banks, to a total of 1.5142 trillion roubles.
- GUARANTEE INTERBANK LENDING: The central bank will partially compensate Sberbank, VTB and Gazprombak for any losses sustained as a result of lending money on the interbank market
- BANK DEPOSITS: Bank deposit guarantees increased to 100 percent of the first 700,000 roubles.
- BANK CAPITAL: Government said it is ready to inject capital into banks in exchange for stakes.
- BANK DEPOSITS: Government plan to guarantee 100 percent of bank deposits waiting to be ratified by parliament.
- LIQUIDITY: Domestic interbank market has a surplus but, as a future euro zone member, it plans to follow a planned relaxation of collateral rules among member states.
- BANK DEPOSITS: Government said it will provide an unlimited guarantee for all private deposits in Slovenian banks.
- DEBT GUARANTEE: The government has agreed to guarantee issues of new bank debt until December 2009, part of a package of measures agreed by European governments.
SWEDEN - 1.5 trillion Swedish crowns ($205 billion)
- GUARANTEE ON NEW BORROWING: Made by financial firms up to a maximum of 1.5 trillion crowns in total, in exchange for fees from the banks. Deal to run until end-April 2009 but may be extended for eight months.
- BANK CAPITAL: A total of 15 billion crowns set aside in a financial stabilisation fund, for use if a solvency crisis arises at a financial firm. Should a capital injection be needed, the govt would expect to receive preference shares.
- BANK CAPITAL: UBS AG UBSN.VX is getting a 6 billion Swiss francs ($5.29 billion) injection from the state in return for a 9.3 percent shareholding, while Credit Suisse Group AG (CS) CSGN.VX said it would raise 10 billion francs from outside investors including Qatar.
UBS will also unload $60 billion of toxic assets into a new fund backed by the Swiss National Bank.
- BANK CAPITAL: Government has proposed a fund that could buy out firms and banks in financial trouble. President Viktor Yushchenko said revenues from privatisation should be used to provide cash for the fund.