Commission Decision (EU) 2016/153 of 2 July 2015 on the State aid SA.31883 — 2015... (32016D0153)
Commission Decision (EU) 2016/153 of 2 July 2015 on the State aid SA.31883 — 2015/N, 2011/C which Austria implemented and is further planning to implement for ÖVAG and the Volksbanken Verbund and to amend Decision 2013/298/EU (notified under document C(2015) 4635) (Text with EEA relevance)
- COMMISSION DECISION (EU) 2016/153
- of 2 July 2015
- on the State aid SA.31883 — 2015/N, 2011/C which Austria implemented and is further planning to implement for ÖVAG and the Volksbanken Verbund and to amend Decision 2013/298/EU
- (notified under document C(2015) 4635)
- (Only the German text is authentic)
- (Text with EEA relevance)
- 1.
- PROCEDURE
- 2.
- DETAILED DESCRIPTION OF PAST AND FUTURE MEASURES
- 2.1. THE RECIPIENT AND ITS DIFFICULTIES
- 2.2. AID MEASURES OF 2009 AND THE SUBSEQUENT RESTRUCTURING
- 2.3. AID MEASURES OF 2012 AND THE SUBSEQUENT RESTRUCTURING
- 2.4. ECB/EBA COMPREHENSIVE ASSESSMENT
- 2.5. THE NOTIFIED NEW RESTRUCTURING PLAN 2015
- Table 1
- Key financial data in baseline scenario
- Table 2
- Key financial data in stress scenario
- 3.
- THE FORMAL INVESTIGATION PROCEDURE
- 4.
- POSITION OF AUSTRIA
- 5.
- ASSESSMENT OF THE MEASURES
- 5.1. STATE AID
- 5.2. ASSESSMENT OF THE LEGAL COMPATIBILITY OF THE MEASURES
- Article 1
- Article 2
- ‘Article 2
- Article 3
- ANNEX
- ‘ANNEX
- LIST OF COMMITMENTS IN STATE AID PROCEDURE SA.31883 ÖSTERREICHISCHE VOLKSBANKEN AG
- PREAMBLE
- 1.
- General
- 2.
- Restructuring and liquidation plan
- 3.
- Sale of ÖVAG holdings
- 4.
- Measures by RZB
- 5.
- Future profit distribution by the Verbund
- 6.
- ÖVAG dividend ban
- 7.
- Ban on price leadership
- 8.
- Representation of the Republic of Austria in Volksbank Wien-Baden AG in its capacity as central organisation of the Verbund
- 9.
- Remuneration of the aid measures
- 10.
- Other behavioural obligations
- 11.
- Monitoring trustee
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