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Portugal: Recapitalization scheme of credit institutions

Description

On 5 November 2008 Portugal notified a scheme to strengthen the financial soundness of credit institutions, whose legal basis is the law n.° 63-A/2008 adopted on 24 November 2008. The objective of t...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 May 2009

Revocation date

18 Dec 2011

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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