2013/298/EU: Commission Decision of 19 September 2012 on the State aid SA.31883 (... (32013D0298)
2013/298/EU: Commission Decision of 19 September 2012 on the State aid SA.31883 (2011/C) (ex N 516/10) which Austria implemented and is planning to implement for Österreichische Volksbanken AG (notified under document C(2012) 6307) Text with EEA relevance
- COMMISSION DECISION
- of 19 September 2012
- on the State aid SA.31883 (2011/C) (ex N 516/10) which Austria implemented and is planning to implement for Österreichische Volksbanken AG
- (notified under document C(2012) 6307)
- (Only the German text is authentic)
- (Text with EEA relevance)
- (2013/298/EU)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION
- 2.1.
- Beneficiary and its difficulties
- 2.2.
- The aid measures
- 2.2.1.
- Aid measures of 2009
- 2.2.2.
- Aid measures of 2012
- 2.3.
- The new business model
- 2.4.
- Contribution of other shareholders and hybrid investors
- 2.5.
- Financial planning
- 3.
- GROUNDS FOR INITIATING THE FORMAL INVESTIGATION PROCEDURE
- 4.
- COMMENTS FROM AUSTRIA
- 5.
- ASSESSMENT
- 5.1.
- Existence and the amount of aid
- 5.2.
- Legal basis of compatibility assessment
- 5.3.
- Compliance with the Recapitalisation Communication and the 2011 Prolongation Communication
- 5.4.
- Compliance with Restructuring Communication
- 5.4.1.
- Viability
- 5.4.2.
- Own contribution and burden-sharing
- 5.4.3.
- Measures to limit distortions of competition
- 5.5.
- Monitoring
- 6.
- CONCLUSION
- Article 1
- Article 2
- Article 3
- ANNEX
- List of commitments in state aid procedure SA.31883 Österreichische Volksbanken AG
- 1.
- General
- 2.
- Core segment and winding-up segment
- 3.
- Reduction of the balance sheet total and RWA
- 4.
- Restriction of business activities
- 5.
- Discontinuation of business areas
- 6.
- Sales
- 7.
- Measures by DZ Bank, ERGO and RZB
- 8.
- Other rules of conduct / Corporate Governance
- 9.
- ÖVAG and primary institutions
- 10.
- Remuneration of the aid measures
- 11.
- Exit strategy for asset guarantee, participation capital and share capital
- 12.
- Monitoring trustee
- Annex to the list of commitments – The Monitoring Trustee
- A.
- Appointment of the monitoring trustee
- B.
- General duties and obligations
- C.
- Duties and obligations of the trustee
- D.
- Duties and obligations of ÖVAG
- E.
- Replacement, discharge and reappointment of the trustee
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