English to Italian Bus/Financial Real Estate Aiuti di Stato (Grecia)

Due to the still stressed liquidity position of the Bank, the Commission can accept the request of the Greek authorities to be authorized to provide liquidity to the Bank under the guarantee and government bond loan measures of the Greek Banks Support Scheme.

(370) To decrease its funding costs, the Bank has also given a commitment to continue reducing the interest rates it pays on deposits, as described in recital (127). The Commission observes that such a decrease of the cost of deposits will be a key contribution to improving the ** pre-provisioning profitability ** of the Bank.