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SA.36612 Aid granted by Latvia to AS Citadele banka and AS Reverta (formerly known as AS Parex banka) as well as misuse of aid

Member State: Latvia
Primary Objective: Remedy for a serious disturbance in the economy
Legal basis primary: Art. 107(3)(b) TFEU - Remedy serious disturbance
Legal basis secondary: Crisis - Financial sector - Restructuring Communication 2009-2010
Crisis - Financial sector – extending Communication, 2011
Sector: K.64 - Financial service activities, except insurance and pension funding
Aid instrument: Direct grant/ Interest rate subsidy
Loan/ Repayable advances
Case Type: Ad Hoc Case
Duration: from 31.05.2013
 
 
Notification or Registration Date: 30.04.2013
DG Responsible: Competition DG

2013/NN

Decision on 16.04.2014: Decision to initiate the formal investigation procedure
Press release: IP/14/454
Decision Text: Letter to the Member State - authentic language   en  pdf
Publication on 16.05.2014: Official Journal: JOCE C/147/2014

2014/C

Decision on 09.07.2014: Positive decision
Press release: IP/14/793
Decision Text: Letter to the Member State - authentic language   en  pdf
Published on 16.10.2014
Publication on 03.02.2015: Official Journal: JOCE L/27/2015


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