{
  "url": "https://openlegislation.uk/eu-decision-2014-885/annex/chapter-I",
  "json_url": "https://openlegislation.uk/eu-decision-2014-885/annex/chapter-I.json",
  "legislation": "eudn/2014/885",
  "legislation_title": "Commission Decision of 29 April 2014 on the State aid SA.34825 (2012/C), SA.34825 (2014/NN), SA.36006 (2013/NN), SA.34488 (2012/C) (ex 2012/NN), SA.31155 (2013/C) (2013/NN) (ex 2010/N) implemented by Greece for the Eurobank Group related to: Recapitalisation and Restructuring of Eurobank Ergasias S.A.; Restructuring aid to Proton bank through creation and capitalisation of Nea Proton and additional recapitalisation of New Proton Bank by the Hellenic Financial Stability Fund; Resolution of Hellenic Postbank through the creation of a bridge bank (notified under document C(2014) 2933) (Only the English text is authentic) (2014/885/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2014-885",
  "path": "annex/chapter/I",
  "kind": "chapter",
  "number": "I",
  "heading": "DEFINITIONS",
  "text": "For the purpose of the Commitments, the following terms shall mean:\n(1) Bank Eurobank Ergasias S.A. and all its subsidiaries. Therefore, it includes the entire Eurobank Group with all its Greek and non-Greek subsidiaries and branches, both banking and non-banking.\n(2) Capital accretive bid in the banking sector a bid which results in an increase in the regulatory capital ratio of the Bank, taking into account all relevant elements, in particular the profit/loss booked on the transaction and the reduction of RWA resulting from the sale (if necessary corrected for the increase of RWA resulting from remaining financing links).\n(3) Capital accretive bid in the insurance sector a bid which results in an increase in the regulatory capital ratio of the Bank. Any bid above the book value of the insurance activity in the account of the Bank is automatically assumed to be capital accretive.\n(4) Closing the date of transfer of the legal title of the Divestment Business to the Purchaser.\n(5) Divestment Business all the businesses and assets that the Bank commits to sell.\n(6) Effective Date the date of adoption of the Decision.\n(7) End of restructuring period 31 December 2018.\n(8) Foreign assets or non-Greek assets assets related to the activities of customers outside Greece, independently of the country where the assets are booked. For instance, assets booked in Luxembourg but related to the activities of customers in Greece are not included in the scope of this definition. Conversely, assets booked in Luxembourg or Greece but related to the activities of customers in other SEE countries are considered as foreign assets and are included in the scope of this definition.\n(9) Foreign businesses foreign banking and non-banking subsidiaries and branches of the Bank.\n(10) Foreign subsidiaries all banking and non-banking subsidiaries of the Bank outside Greece.\n(11) Greek banking activities the Bank’s Greek banking activities independently from where the assets are booked.\n(12) Greek non-banking activities the Bank’s Greek non-banking activities independently from where the assets are booked.\n(13) Greek subsidiaries all Greek banking and non-banking subsidiaries of the Bank.\n(14) Monitoring Trustee one or more natural or legal person(s), independent from the Bank, approved by the Commission and appointed by the Bank; the Monitoring Trustee has the duty to monitor the Bank’s compliance with the Commitments.\n(15) Purchaser one or more natural or legal person(s) to acquire, in whole or in part, the Divestment Business.\n(16) Sale the sale of 100 % of the shareholding held by the Bank, unless the individual Commitment states otherwise.\nFor the purpose of the Commitments, the singular of those terms shall include the plural (and vice versa), unless the Commitments provide otherwise.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2014/885/annex/chapter/I",
    "retrieved_at": "2026-11-01T15:14:33.209173+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}