Global Trade Alert
Global Trade Alert

Portugal: Restructuring support to Banco Comercial Português

Announcement

29 Jun 2012

In June 2012, the Portuguese government granted recapitalisation aid to Banco Comercial Português. The measure was approved by the European Commission in August 2013.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

29 Jun 2012

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 29 June 2012, the Portuguese government granted a EUR 3 billion (approx. USD 4 billion) recapitalisation measure to Banco Comercial Português (BCP). The aid was issued under the restructuring schem...

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Loan guarantee In force

On 29 June 2012, the Portuguese government provided three loan guarantees valued at EUR 4.8 billion (approx. USD 6.3 billion) to Banco Comercial Português (BCP). The aid was issued under the restructu...

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