Global Trade Alert
Global Trade Alert

Portugal: State aid to Banco Espirito Santo/Novo Banco

Announcement

04 Aug 2014

In August 2014, the government of Portugal announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Aug 2014

Revocation date:

No revocation date

Updated: 04 Aug 2014
Loan guarantee In force

 On 4 August 2014, the European Commission approved state aid for the insolvent Portuguese bank Banco Espirito Santo.
As part of the decision, all funds from Banco Espirito Santo were tra...

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