While officials in Brussels have given their initial approval for the state-owned lender, the exact legal and technical specifications of the plan have not yet been locked in. It is expected that this process could take several more weeks to complete.
Approval from the European Commission means that the bank has effectively cleared the final hurdle before it taps markets for around €400 million to help plug the €855 million hole in its balance sheet,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team