| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/705 (17.07.13) |
| Publication Date | 17/07/2013 |
| Content Type | News |
|
The European Commission has found support granted by Latvia for the transformation of the Latvian Mortgage and Land Bank (MLB) to be in line with EU state aid rules. In particular, the sale of MLB's commercial assets and its subsequent exit from the commercial banking market will minimise the distortions of competition brought about by the state support. |
|
| Source Link | http://europa.eu/rapid/press-release_IP-13-705_en.htm |
| Subject Categories | Internal Markets |
| Countries / Regions | Europe, Latvia |
