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Image header Agence Europe
Europe Daily Bulletin No. 10559
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Approval of support measures for Hungarian bank FHB

Brussels, 22/02/2012 (Agence Europe) - The European Commission gave its approval on Wednesday 22 February to a recapitalisation of HUF 30 billion (approximately €100 million) and a loan of approximately HUF 120 billion (some €400 million) under the Hungarian liquidity scheme for the Hungarian bank FHB. After an in-depth investigation, it concluded that the measures were in line with its guidance on state support for banks during the crisis because the revised restructuring plan will restore the bank's viability while ensuring that the distortion of competition created by the aid is kept to the minimum. (OL/transl.rt)

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICY
EXTERNAL ACTION
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
SUPPLEMENT