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
Implementation date
04 Aug 2020
Revocation date:
31 Aug 2025
Updated: 04 Aug 2020
State aid, unspecified
<p>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 mill...
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