Global Trade Alert
Global Trade Alert

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

Announcement

04 Aug 2020

In August 2020, the European Commission approved the creation of “Banco Português de Fomento”, a new Portuguese promotional bank, with an initial capital of EUR 276 million.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

04 Aug 2020

Revocation date:

No revocation date

State aid, unspecified In force

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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