#52026AS120624Authorization for State Aid for Cooperative and Small Commercial Banks in Poland
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law pertains to the authorization of state aid in accordance with Articles 107 and 108 of the Treaty on the Functioning of the European Union. Specifically, it relates to the prolongation of a resolution scheme designed to aid cooperative banks and small commercial banks in Poland, addressing serious economic disturbances. The aid, allocated a total budget of 42.5 billion PLN, is aimed at ensuring financial stability in the region.
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Key Changes
- Prolongation of the resolution scheme until December 2026
- Increase in budget allocation to 42.5 billion PLN
- Focus on cooperative banks and small commercial banks
Obligations
What this law requires
Maintain compliance with Articles 107 and 108 of the Treaty on the Functioning of the European Union regarding state aid authorization
Implement the resolution scheme for cooperative banks and small commercial banks according to the legal basis ustawa z dnia 10 czerwca 2016 r. o Bankowym Funduszu Gwarancyjnym
Ensure state aid does not exceed the overall budget allocation of 42,500,000,000 PLN
Limit the duration of the aid scheme to the period from 14.12.2025 to 14.12.2026
Restrict aid application to financial service activities, excluding insurance and pension funding sectors