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Europe Daily Bulletin No. 9906

21 May 2009
Contents Publication in full By article 12 / 33
GENERAL NEWS / (eu) eu/state aid
Danish rescue aid for Fionia Bank approved

Brussels, 20/05/2009 (Agence Europe) - On Wednesday 20 May, the European Commission approved the rescue aid that the Danish authorities have granted to Fionia Bank. The aid is in the form of a credit facility of up to €685 million (DKK 5.1 billion) and a €134 million (DKK 1 billion) capital injection to bring the level of solvency up to a constant 11.5%. The Commission believes that the measure constitutes an adequate means to remedy a serious disturbance in the Danish economy while...

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