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State Aid Cases

SA.35499 State guarantee scheme for Cypriot banks

Member State: Cyprus
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 - Banking Communication, 2008
Sector: K - Financial and insurance activities
Aid instrument: Guarantee
Case Type: Scheme
Duration: from 31.10.2012 to 31.12.2012
Notification or Registration Date: 01.10.2012
DG Responsible: Competition DG


Decision on 06.11.2012: Decision not to raise objections
Press release: IP/12/1171
Decision Text: Letter to the Member State - authentic language   en  pdf
Publication on 19.06.2013: Official Journal: JOCE C/173/2013

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