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Global Trade Alert

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Portugal: Capital increase of state owned bank CGD

Description

On 28 June 2012, Portugal notified to EU on their intention to recapitalize the Caiya Geral de Depositos (CGD). CGD is a banking group fully owned by the Portuguese state. The banks activities consist...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Jun 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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