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Document 52023AS43977

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union – Cases where the Commission raises no objections – SA.43977Text with EEA relevance.

C/2016/7526

OJ C, C/2023/1475, 13.12.2023, ELI: http://data.europa.eu/eli/C/2023/1475/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2023/1475/oj

European flag

Official Journal
of the European Union

EN

Series C


C/2023/1475

13.12.2023

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union

Cases where the Commission raises no objections

SA.43977

(Text with EEA relevance)

(C/2023/1475)

Date of adoption of the decision

21.11.2016

Aid number

SA.43977

Member State

Portugal

Region

 

Title (title and/or name of the beneficiary)

Decision on the impaired asset measure in the resolution of Banif

Legal basis

Decree-Law no. 298/92 of December 31 with changes up to Decree-law 190/2015, September 10. Et al.

Type of measure

Ad Hoc Case

Banco Internacional do Funchal (Banif)

Objective

Other

Form of aid

Other, Guarantee

Budget

Overall budget: 2 407 000 000 EUR

Annual budget: 0 EUR

Intensity

 

Duration

From 21.12.2015

Economic sectors

Financial service activities, except insurance and pension funding

Name and address of the granting authority

Ministry of Finance

Av. Infante D. Henrique, 1, 1149-009 Lisboa, Portugal

Other information

 

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

https://competition-cases.ec.europa.eu/search?caseInstrument=SA


ELI: http://data.europa.eu/eli/C/2023/1475/oj

ISSN 1977-091X (electronic edition)


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