Inhaltsverzeichnis 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 (201... (32015D1092))

Commission Decision (EU) 2015/1092 of 23 July 2014 on the State aid SA.34824 (201... (32015D1092)

EU - Rechtsakte: 08 Competition policy

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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