Brussels, 21/12/2015 (Agence Europe) - On Monday 21 December, the European Commission announced its decision to authorise Portugal's plans to provide public support of a total value of €3 billion for the resolution of the bank Banco Internacional do Funchal SA (Banif).
Of this aid, around €2.25 billion will be used to cover the resolution financing deficit of Banif. Further support of €422 million will cover the transfer of depreciated assets into an asset management vehicle. Finally,...