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European Commission Press release Brussels, 21 January 2013 State aid: Commission temporarily approves rescue recapitalisation of Portuguese bank Banif The European Commission has temporarily approved, under EU state aid rules, a recapitalisation totalling €1.1 billion granted by Portugal to Banco Internacional do Funchal S. The Commission will take a final decision on the compatibility of the capital injection with EU state aid rules after the assessment of the restructuring measures to be proposed by Portugal.