2014/535/EU: Commission Decision of 18 December 2013 on State aid SA.33229 (2012/... (32014D0535)
INHALT
2014/535/EU: Commission Decision of 18 December 2013 on State aid SA.33229 (2012/C) — (ex 2011/N) — Restructuring of NLB — Slovenia which Slovenia is planning to implement for Nova Ljubljanska banka d.d. (notified under document C(2013) 9632) Text with EEA relevance
- COMMISSION DECISION
- of 18 December 2013
- on State aid SA.33229 (2012/C) — (ex 2011/N) — Restructuring of NLB — Slovenia which Slovenia is planning to implement for Nova Ljubljanska banka d.d.
- (notified under document C(2013) 9632)
- (Only the English text is authentic)
- (Text with EEA relevance)
- (2014/535/EU)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION OF THE BENEFICIARY AND SOURCE OF ITS PROBLEMS
- 3.
- THE AID MEASURES
- 3.1. FIRST RECAPITALISATION OF NLB
- 3.2. SECOND RECAPITALISATION OF NLB
- 3.3. THIRD RECAPITALISATION OF NLB
- 3.4. TRANSFER OF IMPAIRED ASSETS TO THE BAMC
- 4.
- THE RESTRUCTURING PLAN AND COMMITMENTS
- 4.1. RETURN TO VIABILITY IN THE LONG RUN
- 4.2. BURDEN-SHARING
- 4.3. DISTORTION OF COMPETITION MEASURES
- 4.4. DESCRIPTION OF THE IMPAIRED ASSETS MEASURE
- a.
- Objective
- b.
- Set up and characteristics
- c.
- Scope of the transfer of impaired assets and loans
- d.
- Methodology for the calculation of the transfer value
- e.
- The transfer value
- f.
- Market price
- g.
- Independent expert advice for the Commission
- 5.
- GROUNDS FOR INITIATING THE FORMAL INVESTIGATION PROCEDURE
- 6.
- COMMENTS FROM INTERESTED PARTIES
- 7.
- POSITION OF SLOVENIA
- 8.
- ASSESSMENT
- 8.1. EXISTENCE AND AMOUNT OF THE AID
- 8.2. COMPATIBILITY OF THE AID
- 8.2.1.
- Legal basis for the compatibility assessment
- 8.2.2.
- Compatibility with the Impaired Assets Communication as adapted and complemented by the 2013 Banking Communication
- 8.2.3.
- Compatibility with the Restructuring Communication supplemented by the 2013 Banking Communication
- (i)
- Restoration of long-term viability
- a. Strengthening the corporate governance framework
- b. Strengthening the pricing policies and risk management framework
- c. Rebalancing the business toward less risky activities
- d. Repairing the balance sheet structure
- e. Restoring long-term profitability
- (ii)
- Own contribution and burden-sharing
- (iii)
- Measures limiting the distortion of competition
- 8.2.4.
- Monitoring of the Restructuring Plan
- 8.2.5.
- Conclusion and closure of the opening on the Restructuring Plan
- 9.
- CONCLUSION
- Article 1
- Article 2
- ANNEX
- COMMITMENTS TOWARDS THE EUROPEAN COMMISSION
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