Press Release: State aid: Commission approves restructuring aid in favour of Irish bank AIB

On 7 May 2014, the European Commission found that restructuring aid granted by Ireland to Allied Irish Banks plc (AIB) and its subsidiary EBS is in line with EU state aid rules. The restructuring plan set out the right path for AIB to return to long-term viability without further state support, while ensuring that the bank and its owners contribute to the cost of restructuring and limiting the distortions of competition created by the aid.

ESO: Background information: State aid: Commission presents guidelines on restructuring aid to banks http://www.europeansources.info/record/press-release-state-aid-commission-presents-guidelines-on-restructuring-aid-to-banks/

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