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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

CELEX
32014D0535
Document type
DEC_ENTSCHEID
Sector
Legislation
Date of document
2013-12-18
In force since
2014-08-21
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 1

The restructuring aid provided to NLB by the Republic of Slovenia, consisting of the first recapitalisation of EUR 250 million, the second recapitalisation of EUR 382,9 million, the third recapitalisation of EUR 1558 million and the transfer of impaired assets to the BAMC with an aid element of EUR 130 million, constitutes State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union. The restructuring aid is compatible with the internal market, in light of the Restructuring Plan and the commitments set out in the Annex.

Article 2

This Decision is addressed to the Republic of Slovenia.

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