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La Banque Postale can get EUR1.77 billion in French SGEI compensation

( July 26, 2021, 12:15 GMT | Official Statement) -- MLex Summary: La Banque Postale may receive compensation of 1.77 billion euros to ensure it can provide Services of General Economic Interest between now and 2026, the European Commission said today, clearing the support under the bloc's state aid rules. The commission said the compensation relates to the French lender's obligations to give free access to a savings account to anyone, or to offer a certain number of other services, such as cash deposits and withdrawals of cash — including for very small amounts — across all its branches at no charge.Statement follows. ...

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