Commission Decision of 18 November 2009 on the State aid C 18/09 (ex N 360/09) im... (32010D0396)
Commission Decision of 18 November 2009 on the State aid C 18/09 (ex N 360/09) implemented by Belgium for KBC (notified under document C(2009) 8980) Text with EEA relevance
- COMMISSION DECISION
- of 18 November 2009
- on the State aid C 18/09 (ex N 360/09) implemented by Belgium for KBC
- (notified under document C(2009) 8980)
- (Only the English text is authentic)
- (Text with EEA relevance)
- (2010/396/EC)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION OF THE BENEFICIARY
- 3.
- THE AID MEASURES
- 3.1.
- THE FIRST AND SECOND RECAPITALISATION
- 3.2.
- THE STATE PROTECTION MEASURE
- Chart 1
- Structure of the State Protection Measure
- 4.
- THE RESTRUCTURING PLAN
- 4.1.
- THE INITIAL RESTRUCTURING PLAN
- 4.2.
- THE FINAL RESTRUCTURING PLAN
- 4.2.1 ABILITY TO RETURN TO VIABILITY IN BASE AND STRESS CASE
- 4.2.2 RESTRUCTURING MEASURES BY BUSINESS UNIT
- 4.2.3. FINANCIAL RESTRUCTURING
- 4.2.4. REPAYMENT OF THE STATE
- 4.2.5. COMMITMENTS OF THE BELGIAN AUTHORITIES
- 4.2.5.1.
- Behavioural commitments
- 4.2.5.2.
- Divestments and run-down of business portfolios
- 4.2.5.3.
- Monitoring
- 5.
- GROUNDS FOR INITIATING THE PROCEDURE ON THE STATE PROTECTION MEASURE
- 6.
- COMMENTS FROM INTERESTED PARTIES
- 7.
- COMMENTS FROM BELGIUM
- 7.1.
- THE OPENING DECISION
- 7.2.
- POSITION OF BELGIUM ON THE RESTRUCTURING PLAN
- 8.
- ASSESSMENT
- 8.1.
- EXISTENCE OF AID
- 8.2.
- AMOUNT OF AID
- 8.3.
- COMPATIBILITY OF THE AID
- 8.3.1. LEGAL BASIS FOR THE COMPATIBILITY ASSESSMENT
- 8.3.2. COMPATIBILITY OF THE STATE PROTECTION MEASURE
- 8.3.3. COMPATIBILITY OF THE RESTRUCTURING PLAN
- (i)
- Restoration of long-term viability
- (ii)
- Own contribution/burden-sharing
- 1. Limitation of restructuring costs
- 2. Limitation of the amount of aid, significant own contribution
- (iii)
- Measures limiting the distortion of competition
- 8.3.4. MONITORING
- 9.
- CONCLUSION
- Article 1
- Article 2
- Article 3
- ANNEX
- Behavioural commitments
- Divestments and run-down of business portfolios
- Value Preservation Commitments
- Additional divestment commitments in respect of Centea and Fidea
- Monitoring trustee
- Review of the commitment Package
- Divestiture trustee
- Run-down of business portfolios
- Listing of two CEE-R assets
- Monitoring
Feedback