Press Release: State aid: Commission approves state aid measures for Bulgarian First Investment Bank

The European Commission found on the 25 November 2014 that liquidity measures granted by Bulgaria in favour of First Investment Bank (FIB) in Bulgaria were in line with EU state aid rules. The Commission concluded that the measures were necessary to preserve the financial stability of the Bulgarian economy and financial system. Furthermore, FIB's restructuring plan would ensure that the bank continues to be viable in the long-term without unduly distorting competition in the Single Market.

• Primary Source

ESO: Background information: State aid: Commission approves liquidity support scheme for Bulgarian banks http://www.europeansources.info/record/press-release-state-aid-commission-approves-liquidity-support-scheme-for-bulgarian-banks/

ESO: Background information: State aid: Commission adapts crisis rules for banks http://www.europeansources.info/record/press-release-state-aid-commission-adapts-crisis-rules-for-banks/

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