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Cyprus: State guarantee scheme for Cypriot banks

Description

On 12 October 2012, Cyprus notified the EC about its intention to implement a guarantee scheme for Cypriot banks. The Central bank of Cyprus described the objective of the scheme as: 'to enable credit...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Oct 2012

Revocation date

29 Dec 2016

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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