Global Trade Alert
Global Trade Alert

Portugal: Recapitalisation of Banco Portugues de Negocios

Announcement

02 Nov 2008

In November 2008, 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

01 Nov 2008

Revocation date:

No revocation date

Updated: 02 Nov 2008
Capital injection and equity stakes (including bailouts) In force

On 2 November 2008, Portugal notified to the European Commission the nationalisation of Banco Porugues de Negocios (BPN). On 23 June 2009, Portugal indicated its intention to 'segregate the as...

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