The European Commission has authorised under EC Treaty State aid rules a Portuguese bank recapitalisation scheme intended to bolster financing of the real economy. The scheme is in line with the Commission’s guidance on support measures for credit institutions during the financial crisis, including being limited in time and capped at an overall amount of €4 billion and in respect of individual institutions at a maximum of 2% of risk-weighted assets. The Commission was therefore satisfied that the scheme is an adequate means to remedy a serious disturbance in the Portuguese economy.
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