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Portugal: EU approves the creation of "Banco Português de Fomento", a new national promotional bank

Description

On 8 August 2020, the EU approved the creation of a new Portuguese promotional bank, “Banco Português de Fomento” or BPF, with an initial capital of EUR 276 million (approx. USD 326.1 million). BPF’s ...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Aug 2020

Revocation date

31 Aug 2025

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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