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Image header Agence Europe
Europe Daily Bulletin No. 12769
ECONOMY - FINANCE - BUSINESS / State aid

Green light for extension of compensation measure for La Banque Postale to facilitate access to banking services in France

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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