The European Commission has approved aid for the restructuring of the bank HSH Nordbank Germany for a total of 30 billion euros, of which three billion injection of capital, 17 billion euros of guarantees on deposits and through a fund to protect against the risks of the value of ten billion procured by the institutions of Hamburg and Schleswig-Holstein, the authorities who together hold 83, 3% of the bank.
For his part, HSH Nordbank is committed to reduce by 61% the value of the financing activities of the institute in respect of aviation and maritime sectors, real estate, and corporate business line and transfer to a unit of restructuring the assets that generate economic losses and non-strategic.
With regard to shipping finance, a sector in which HSH Nordbank is active, the European Commission has reiterated the commitment of the bank to limit its German market share in order to contribute to reduce distortions of competition.
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The European Commission has approved aid for the restructuring of the bank HSH Nordbank Germany for a total of 30 billion euros, of which three billion injection of capital, 17 billion euros of guarantees on deposits and through a fund to protect against the risks of the value of ten billion procured by the institutions of Hamburg and Schleswig-Holstein, the authorities who together hold 83, 3% of the bank. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
