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Image header Agence Europe
Europe Daily Bulletin No. 9472
Contents Publication in full By article 32 / 39
GENERAL NEWS / (eu) eu/state aid

Commission endorses aid for Czech banks Agrobanka and GE Capital

Brussels, 19/07/2007 (Agence Europe) - On Wednesday, the European Commission decided that the guarantee measures and a so-called “Put Option” in favour of the Czech Agrobanka Praha a.s. and GE Money Bank a.s. (former GE Capital Bank a.s.) are compatible with EC Treaty state aid rules and has closed its formal investigation procedure. Although the measures were granted before the Czech accession to the EU, the Commission has jurisdiction to rule on them as the potential financial exposure...

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