promotional bank

Definitions over time (1)

17/01/2015 – today applies on 12/11/2026 Article 3, Commission Delegated Regulation (EU) 2015/63 Scope: Whole act

For the purposes of this Regulation, the definitions contained in Directive 2014/49/EU of the European Parliament and of the Council (^{1}) and Directive 2014/59/EU shall apply. For the purpose of this Regulation, the following definitions shall also apply:

‘promotional bank’ means any undertaking or entity set up by a central or regional government of a Member State, which grants promotional loans on a non-competitive, not for profit basis in order to promote that government's public policy objectives, provided that that government has an obligation to protect the economic basis of the undertaking or entity and maintain its viability throughout its lifetime, or that at least 90 % of its original funding or of the promotional loan it grants is directly or indirectly guaranteed by that government;

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