BRUSSELS, Sept 25 (Reuters) - A Polish government scheme to boost liquidity to banks and stimulate interbank lending won approval from European Union antitrust regulators on Friday.
Under the scheme, Polish authorities will provide guarantees and loans for new senior debt with maturities ranging from three months to five years issued by lenders.
They will also offer Treasury bonds either as a loan or to be sold with deferred payment. Lenders have until the end of December to apply to the scheme.
"The package constitutes an adequate means to remedy a serious disturbance in the Polish economy while avoiding undue distortions of competition," the European Commission said in a statement. The Commission, competition watchdog of the 27-nation European Union, has approved similar schemes for other EU countries hit by the financial and economic crisis. (Reporting by Foo Yun Chee; Editing by Dale Hudson)