Commission approves Greek state liquidity support for Attica Bank

10 October 2016
725 Views

The European Commission on Monday announced that Greek state guarantees for non-systemic Athens-based lender Attica Bank, to support the bank’s access to liquidity, is in line with EU state aid rules.

The Commission said Attica’s intention to issue bonds that “can serve as collateral for Eurosystem financing operations.”
According to a Commission press release, “…these bonds will benefit from a state guarantee issued by the Greek state, in exchange for a fee paid by Attica Bank, and will have a nominal amount of €380 million. The Commission’s assessment showed that measure is targeted, proportionate and limited in time and scope. The Commission has therefore concluded that this liquidity support measure is in line with EU state aid rules, in particular its 2013 Banking Communication.”

You may be interested

Greek Archbishop Ieronymos: Islam is not a religion but a political ideology of conquest
GREECE
shares11 views
GREECE
shares11 views

Greek Archbishop Ieronymos: Islam is not a religion but a political ideology of conquest

Panos - Jan 18, 2021

Archbishop of Athens and All Greece Ieronymos II expressed the view that Islam and its citizens, was not a religion,…

Nikos Dendias: Only matters Greece will discuss with Turkey is EOZ and sea-shelf
DEFENCE
shares10 views
DEFENCE
shares10 views

Nikos Dendias: Only matters Greece will discuss with Turkey is EOZ and sea-shelf

Panos - Jan 18, 2021

Foreign Affairs Minister Nikos Dendias made it clear that the only issue Greece would discuss with Turkey in the upcoming exploratory…

Video – This is the upgraded F-16 Viper of the Hellenic Air Force
DEFENCE
shares22 views
DEFENCE
shares22 views

Video – This is the upgraded F-16 Viper of the Hellenic Air Force

Panos - Jan 18, 2021

The latest variant of the F-16 Fighting Falcon fourth-generation, the F-16V or Viper made its maiden flight at the Tanagra air base…

Leave a Comment

Your email address will not be published.