Press Release: State aid: Commission approves support measures for Hungarian bank FHB

The European Commission has approved under EU state aid rules a recapitalisation of HUF 30 billion (app. €100 million) and a loan under the Hungarian liquidity scheme of approximately HUF 120 billion (approximately €400 million) for the Hungarian bank FHB.

After an in-depth investigation, the Commission concluded that the measures were in line with its guidance on state support for banks during the crisis because the revised restructuring plan will restore the bank's viability while ensuring that the distortion of competition created by the aid is kept to the minimum.

• Primary Source

ESO: Background information: Press Release: State aid: Commission carries out in-depth review of restructuring of Hungarian FHB http://www.europeansources.info/record/press-release-state-aid-commission-carries-out-in-depth-review-of-restructuring-of-hungarian-fhb/

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