| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/617 (27.06.13) |
| Publication Date | 27/06/2013 |
| Content Type | News |
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The European Commission has approved a new Portuguese scheme providing State guarantees for banks that guarantee European Investment Bank (EIB) loans granted to companies in Portugal. The scheme will allow participating banks to continue acting as guarantors for both existing and new EIB loans without compromising their liquidity position. Since the scheme ensures that participating banks do not derive any undue advantage from the State guarantee, it is in line with EU state aid rules. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-13-617_en.htm |
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| Subject Categories | Internal Markets, Politics and International Relations |
| Countries / Regions | Europe, Portugal |
