TITLE

Belgium : Commission approves resolution aid for Portuguese Banco Espand#237;rito Santo

PUB. DATE
August 2014
SOURCE
TendersInfo News;8/5/2014, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the European Commission to approve the resolution plan of the Portuguese Banco Esp#237;rito Santo S.A. (BES) in 2016. The resolution plan includes the creation of a bridge bank that will be provided with the necessary means to maximize the value of its assets in the sale process. The commission acknowledged the effect of a disorderly resolution on the Portuguese economy.
ACCESSION #
116731593

 

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