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EU approves credit line for Bulgaria.

Global Banking News-June 30, 2014--EU approves credit line for Bulgaria

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Global Banking News - 30 June 2014

The European Commission said that it has approved a credit line for Bulgaria, according to Reuters.

The EU has approved a Bulgarian request to extend a credit line of USD2.30bn.

An EU executive said, 'The Commission concluded that the state aid implied by the provision of the credit line is proportionate and commensurate with the need to ensure sufficient liquidity in the banking system in the particular circumstances.'

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Publication:Global Banking News (GBN)
Geographic Code:4EXBU
Date:Jun 30, 2014
Words:114
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