Press Release: State aid: Commission temporarily approves aid for Greek Nea Proton Bank and opens in-depth investigation

The European Commission has temporarily approved, under EU state aid rules, €1.7 billion of public support granted in the context of the resolution of Proton Bank.

The Commission has temporarily approved the measure until it reaches a final decision on the restructuring plan of Nea Proton Bank, the new legal entity created by the operation. At the same time, the Commission has opened an in-depth investigation to assess whether the measure is in line with EU state aid rules. The opening of an in-depth investigation gives interested third parties the possibility to submit comments on the measures. It does not prejudge the outcome of the investigation.