Brussels, 09/09/2013 (Agence Europe) - On Friday 6 September, the European Commission gave the temporary go-ahead to state aid from Slovenia to two Slovenian banks, Factor Banka and Probanka worth €540 and €490 million respectively in the form of state guarantees on the banks' newly issued liabilities.
The Commission cleared the state aid on the grounds that it believes it is necessary to ensure Slovenia's financial stability without unduly distorting competition. The aid is the strict...