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Banks: EU ok with GACS extension until June 2022

2021-06-16T17:33:15.414Z

The EU Commission approved the extension of the Italian state guarantee scheme to facilitate the securitization of banks' non-performing loans (GACS). (HANDLE)

(ANSA) - BRUSSELS, JUN 14 - The EU Commission has approved the extension of the Italian scheme of state guarantees to facilitate the securitization of non-performing loans (GACS) of banks.


   The guarantee system was approved in February 2016 and last extended in May 2019. It will now be valid until June 14, 2022. (ANSA).


Source: ansa

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