Author (Corporate) | European Commission: DG Communication |
---|---|
Series Title | Press Release |
Series Details | IP/11/1572 (20.12.11) |
Publication Date | 20/12/2011 |
Content Type | News |
The European Commission found the second restructuring plan of Bank of Ireland (BoI) to be in line with EU state aid rules. In particular, the restructuring plan contains a major restructuring effort ensuring that BoI will refocus its business model and will considerably reduce its dependence on wholesale funding. The plan ensures a sustainable future for the bank without continued state support and includes appropriate measures to minimise distortion of competition. |
|
Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1572&format=HTML&aged=0&language=EN&guiLanguage=en |
Related Links |
|
Subject Categories | Internal Markets |
Countries / Regions | Ireland |
![](https://www.europeansources.info/wp-content/uploads/esologo2.png)