The European Commission has approved under EC Treaty State aid rules rescue aid granted by the Danish authorities to Fionia Bank. The aid is in the form of a credit facility of up to €685 million (DKK 5.1 billion) and a capital injection of €134 million (DKK 1 billion) to bring the level of solvency up to a constant 11.5%. The measure constitutes an adequate means to remedy a serious disturbance in the Danish economy while avoiding undue distortions of competition and is accordingly compatible with the provisions of the EC Treaty, as explained in the Commission’s guidance on State aid to banks during the crisis. In particular, the Commission noted that the measures are limited in time and scope and contain sufficient safeguards to avoid abuses.