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Europe Daily Bulletin No. 12175

19 January 2019
ECONOMY - FINANCE - BUSINESS / State aid
Green light for Italian public support measure for Banca Carige
Brussels, 18/01/2019 (Agence Europe)

On Friday 18 January, the European Commission approved an Italian public support measure for Cassa di Risparmio di Genova e Imperia (Banca Carige). 

This measure will take the form of a state guarantee on securities issued by the banking institution for a total of €3 billion. In exchange for this state guarantee, Banca Carige will pay a fee to the Italian government. 

Considering that this measure was targeted, proportionate and limited in time and scope, the Commission concluded...

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