Commission Decision (EU) 2015/1092 of 23 July 2014 on the State aid SA.34824 (201... (32015D1092)
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Commission Decision (EU) 2015/1092 of 23 July 2014 on the State aid SA.34824 (2012/C), SA.36007 (2013/NN) SA.36658 (2014/NN), SA.37156 (2014/NN), SA.34534 (2012/NN) implemented by Greece for National Bank of Greece Group related to: Recapitalisation and restructuring of National Bank of Greece S.A.,Resolution of First Business Bank S.A. through a transfer order to National Bank of Greece S.A.,Resolution of Probank S.A. through a transfer order to National Bank of Greece S.A.,Resolution of Cooperative Bank of Lesvos-Limnos, Cooperative Bank of Achaia, and Cooperative Bank of Lamia (notified under document C(2014) 5201) (Text with EEA relevance)
- COMMISSION DECISION (EU) 2015/1092
- of 23 July 2014
- on the State aid SA.34824 (2012/C), SA.36007 (2013/NN) SA.36658 (2014/NN), SA.37156 (2014/NN), SA.34534 (2012/NN) implemented by Greece for National Bank of Greece Group related to:
- (Only the English text is authentic)
- (Text with EEA relevance)
- 1.
- 1.1. PROCEDURE RELATED TO THE NATIONAL BANK OF GREECE GROUP
- 1.2. PROCEDURE RELATED TO THE ACQUIRED BUSINESSES
- 1.2.1.
- 1.2.2.
- 2.
- 2.1. THE BANK AND ITS DIFFICULTIES
- 2.1.1.
- 2.1.2.
- 2.2. THE BANK'S ACQUISITIONS OF GREEK BANKING ACTIVITIES
- 2.2.1.
- 2.2.1.1.
- 2.2.1.2.
- 2.2.1.3.
- 2.2.2.
- 2.2.3.
- 2.3. AID MEASURES
- 2.3.1.
- 2.3.1.1.
- 2.3.1.2.
- 2.3.2.
- 2.3.3.
- 2.3.3.1.
- 2.3.3.2.
- 2.3.3.3.
- 2.3.4.
- 2.3.4.1.
- 2.3.4.2.
- 2.3.4.2.1
- 2.3.4.2.2
- 2.3.4.2.3
- (i) Coverage of the funding gap of assets transferred from FB Bank to the Bank for an amount of EUR 456,97 million (measure FB4)
- (ii) Commitment of the HFSF to cover the capital needs related to the transferred assets (measure FB5)
- 2.3.4.3.
- 2.3.4.3.1.
- 2.3.4.3.2.
- 2.4. THE RESTRUCTURING PLAN
- 2.4.1.
- 2.4.2.
- 2.4.3.
- 2.4.4.
- 2.4.5.
- 2.5. COMMITMENTS OF THE GREEK AUTHORITIES
- 3.
- 4.
- 5.
- 5.1. COMMENTS FROM THE BANK OF GREECE
- 5.2. COMMENTS FROM THE HFSF
- 6.
- 6.1. ASSESSMENT OF THE STATE SUPPORT RELATED TO THE RESOLUTION OF THE THREE COOPERATIVE BANKS
- 6.1.1.
- (i) Existence of aid to the three Cooperative Banks and to the activities potentially transferred to the Bank.
- (ii) Existence of aid to the Bank
- (iii) Conclusion on the existence of aid
- 6.2. ASSESSMENT OF AID RELATED TO FIRST BUSINESS BANK
- 6.2.1.
- 6.2.1.1.
- 6.2.1.2.
- 6.2.1.3.
- 6.2.2.
- 6.2.3.
- 6.2.3.1.
- 6.2.3.2.
- 6.2.3.2.1.
- 6.2.3.2.2.
- 6.2.3.2.3.
- 6.2.4.
- 6.2.4.1.
- 6.2.4.2.
- 6.2.4.3.
- 6.2.4.4.
- 6.2.5.
- 6.3. ASSESSMENT OF AID RELATED TO PROBANK
- 6.3.1.
- 6.3.1.1.
- 6.3.1.2.
- 6.3.2.
- 6.3.3.
- 6.3.3.1.
- 6.3.3.2.
- 6.3.3.3.
- 6.3.3.4.
- 6.3.4.
- 6.3.4.1.
- 6.3.4.2.
- 6.3.4.3.
- 6.3.4.4.
- 6.3.5.
- 7.
- 7.1. EXISTENCE AND THE AMOUNT OF AID
- 7.1.1.
- 7.1.1.1.
- 7.1.1.2.
- 7.1.2.
- 7.1.3.
- 7.1.3.1.
- 7.1.3.2.
- 7.1.3.3.
- 7.1.3.4.
- 7.1.4.
- 7.2. LEGAL BASIS FOR THE COMPATIBILITY ASSESSMENT
- 7.2.1.
- 7.2.2.
- 7.2.3.
- 7.2.4.
- 7.3. COMPLIANCE OF MEASURE L2 WITH THE 2008 BANKING COMMUNICATION, THE 2011 PROLONGATION COMMUNICATION AND THE 2013 BANKING COMMUNICATION
- 7.4. COMPLIANCE OF MEASURES B1, B2 AND B3 WITH THE 2008 BANKING COMMUNICATION, THE RECAPITALISATION COMMUNICATION AND THE 2011 PROLONGATION COMMUNICATION
- 7.4.1.
- 7.4.2.
- 7.4.3.
- 7.4.4.
- 7.5. COMPLIANCE OF THE ACQUISITIONS OF THREE COOPERATIVE BANKS, FB BANK AND PROBANK WITH THE RESTRUCTURING COMMUNICATION
- 7.5.1.
- 7.5.1.1.
- 7.5.1.2.
- 7.5.1.3.
- 7.5.1.4.
- 7.5.2.
- 7.5.2.1.
- 7.5.2.2.
- 7.5.2.3.
- 7.5.2.4.
- 7.5.3.
- 7.5.3.1.
- 7.5.3.2.
- 7.5.3.3.
- 7.5.3.4.
- 7.6. COMPLIANCE OF MEASURES A, B1, B2 AND B3 WITH THE RESTRUCTURING COMMUNICATION
- 7.6.1.
- 7.6.2.
- 7.6.2.1.
- 7.6.2.2.
- 7.6.2.3.
- 7.6.2.4.
- 7.6.3.
- 7.6.3.1.
- 7.6.3.2.
- 7.6.3.3.
- 7.6.3.4.
- 7.6.4.
- 7.6.5.
- 7.6.6.
- 8.
- Article 1
- Article 2
- ANNEX
- CHAPTER I. DEFINITIONS
- CHAPTER II. RESTRUCTURING COMMITMENTS
- CHAPTER III. COMMITMENTS ON CORPORATE GOVERNANCE AND COMMERCIAL OPERATIONS– PROLONGATION AND AMENDMENTS
- CHAPTER IV. MONITORING TRUSTEE
- Appendix I
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