Press Release: State aid: Commission temporarily approves aid for the resolution of Greek T Bank

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Series Details IP/12/485 (16.05.12)
Publication Date 16/05/2012
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The European Commission has approved under EU state aid rules, for a period of six months, around €680 million of state support granted by the Hellenic Deposit and Investment Guarantee Fund ("HDIGF") to facilitate the acquisition of the economic activities of the Greek T Bank by Hellenic Postbank in the context of T Bank's resolution. The Commission approved the measure in order to preserve financial stability, before it takes a final decision on the restructuring of Hellenic Postbank.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/485&format=HTML&aged=0&language=EN&guiLanguage=en
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