European Commission Approves State Aid to Piraeus Bank

European Commission Approves State Aid to Piraeus Bank

The European Commission approved on Sunday additional state aid of 2.72 billion euros to Piraeus Bank on the basis of an amended restructuring plan it submitted.
“In the context of the third economic adjustment programme for Greece, the European Commission has approved additional state aid of 2.72 billion euros to Greek Piraeus Bank under EU state aid rules, on the basis of an amended restructuring plan,” the Commission said in a press release. 
“The Commission concluded that the measures already implemented as part of the bank's existing restructuring plan of July 2014, in addition to those envisaged in the amended plan, will enable Piraeus Bank to ensure lending to the Greek economy in line with EU state aid rules, in particular the 2013 Banking Communication, and the Bank Recovery and Resolution Directive,” it added. 
 
 
ANA-MPA
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.