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Europe Daily Bulletin No. 10617

22 May 2012
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Aid for liquidation of T Bank accepted

Brussels, 21/05/2012 (Agence Europe) - Last week the European Commission approved temporarily, around €680 million of state support by the Hellenic Deposit and Investment Guarantee Fund (HDIGF) to facilitate the acquisition of the economic activities of the Greek T Bank by Hellenic Postbank in the context of T Bank's liquidation. The fair value of the liabilities transferred from T Bank at the end of 2011 to Hellenic Postbank was approximately €2.16 billion and the fair value of the...

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