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 transferred assets amounted to approximately €1.48 billion. The Commission approved the measure for six months to maintain financial stability in the Greek banking markets. If the Greek authorities submit to the Commission, within this six-month period, an updated restructuring plan for Hellenic Postbank, which takes into account the integration of T Bank's activities into Hellenic Postbank, this temporary authorisation will be automatically prolonged until the Commission reaches a final decision on Hellenic Postbank's restructuring plan. (FG/transl.fl)