Press Release: State aid: Commission approves support for transformation of Latvian Mortgage and Land Bank

Author (Corporate)
Series Title
Series Details IP/13/705 (17.07.13)
Publication Date 17/07/2013
Content Type

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 Link to Main Source http://europa.eu/rapid/press-release_IP-13-705_en.htm
Subject Categories
Countries / Regions ,