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Global Trade Alert

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Spain: Recapitalisation of NCG Banco

Description

On 23 September 2011, Spain notified to the European Commission a capital injection of EUR 2.46 billion through the Spanish government program FROB ('Fondo de Reestructuración Ordenada Bancaria'). T...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Sep 2011

Revocation date

22 Sep 2015

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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