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Europe Daily Bulletin No. 12769

27 July 2021
ECONOMY - FINANCE - BUSINESS / State aid
Green light for extension of compensation measure for La Banque Postale to facilitate access to banking services in France
Brussels, 26/07/2021 (Agence Europe)

On Monday 26 July, the European Commission authorised compensation of €1.77 billion for La Banque Postale to continue to provide the service of general economic interest (SGEI) of banking accessibility in France during the period 2021-2026.

The Commission had already authorised two SGEI mandates for La Banque Postale in 2013 and 2017.

The French authorities impose a number of obligations on La Banque Postale in relation to the distribution of the Livret A, to ensure easy access to a basic...

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