Press Release: State aid: Commission approves Portuguese Guarantee Scheme on EIB lending

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.

• Primary Source

EUObserver, 28.06.13: EIB in spotlight as leaders eye increased business lending http://euobserver.com/economic/120672

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