EC: Crédit Immobilier de France
27 Nov 2013 (UPDATED: 13 Mar 2026)
International
1 min read
The EC has approved under EU state aid rules the orderly resolution of Crédit Immobilier de France for reasons of financial stability. France will provide up to €28bn of state guarantees to fund the orderly resolution. The firm will cease any new business and run off its assets over a period of up to 22 years in order to eliminate any distortions of competition caused by the state guarantee.
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