The EFTA Surveillance Authority (ESA) today published its conclusion of a formal investigation into loan agreements made between the Central Bank of Iceland (CBI) and Arion Bank hf. in 2009. ESA concludes that the loan agreements were on market terms and consequently did not constitute state aid within the meaning of the EEA rules. The conclusion is in line with the Bank´s expectations.
More on ESA’s statement here.
For further information please contact Haraldur Gudni Eidsson of Arion Bank´s communications division at haraldur.eidsson@arionbanki.is, or tel: +354 444 7108