{
  "url": "https://openlegislation.uk/eu-decision-2015-218/article-1",
  "json_url": "https://openlegislation.uk/eu-decision-2015-218/article-1.json",
  "legislation": "eudn/2015/218",
  "legislation_title": "Commission Decision (EU) 2015/218 of 7 May 2014 on the State aid Nos SA.29786 (ex N 633/09), SA.33296 (11/N), SA.31891 (ex N 553/10), N 241/09, N 160/10 and SA.30995 (ex C 25/10) implemented by Ireland for the restructuring of Allied Irish Banks plc and EBS Building Society (notified under document C(2014) 2638) (Only the English text is authentic) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2015-218",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": null,
  "text": "1. The following measures constitute State aid pursuant to Article 107(1) of the Treaty:\nMeasures granted in favour of AIB\n(a) guarantees under the CIFS scheme of up to EUR 133 billion;\n(b) guarantees under the ELG scheme of up to EUR 62,5 billion;\n(c) an asset relief measure (transfers to NAMA of EUR 20,4 billion), constituting and estimated aid amount of EUR 1,6 billion;\n(d) a recapitalisation in the form of preference shares in May 2009 for an amount of EUR 3,5 billion;\n(e) a recapitalisation in the form of new equity capital in December 2010 for an amount of EUR 3,7 billion;\n(f) a State guarantee on Emergency Liquidity Assistance until Q2 2011 for an amount of [EUR 5-15 billion];\nMeasures granted in favour of EBS\n(g) guarantees under the CIFS scheme of up to EUR 14,4 billion;\n(h) guarantees under the ELG scheme of up to EUR 8,0 billion;\n(i) an asset relief measure (transfers to NAMA of EUR 0,9 billion), constituting and estimated aid amount of EUR 0,1 billion;\n(j) a recapitalisation in the form of Special Investment Shares in May and December 2010 for an amount of EUR 0,625 billion;\n(k) a recapitalisation through a direct grant in the form of a promissory note in December 2010 for an amount of EUR 0,25 billion;\n(l) a State guarantee on Emergency Liquidity Assistance for an amount of [EUR 0-5 billion];\nMeasures granted in favour of the Bank (the merged entity)\n(m) a recapitalisation in the form of ordinary shares in July 2011 for an amount of EUR 5 billion;\n(n) a recapitalisation in the form of contingent capital notes in July 2011 for an amount of EUR 1,6 billion;\n(o) a recapitalisation in the form of a capital contribution in July 2011 for an amount of EUR 6,1 billion.\n2. The State aid referred to in paragraph 1 is compatible with the internal market in accordance with Article 107(3) of the Treaty in the light of the restructuring plan and the commitments set out in the Annex.",
  "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/2015/218/article/1",
    "retrieved_at": "2026-11-01T15:14:28.552204+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."
}