Press Release: State aid: Commission carries out in-depth review of restructuring of Hungarian FHB

The European Commission has opened, under EU state aid rules, an in-depth investigation into the proposed restructuring of FHB, a Hungarian bank which benefitted from two aid measures provided by the State. At this stage, the Commission has doubts whether the aid was properly remunerated and not used for the expansion of the bank at the expense of its competitors. The opening of an in-depth investigation gives third parties the possibility to comment and does not prejudge the final outcome.

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