{
  "url": "https://openlegislation.uk/eu-decision-2015-454",
  "json_url": "https://openlegislation.uk/eu-decision-2015-454.json",
  "id": "eudn/2015/454",
  "title": "Commission Decision (EU) 2015/454 of 9 July 2014 on the State aid SA.34823 (2012/C), SA.36004 (2013/NN), SA.37965 (2013/N), SA.37966 (2013/N), SA.37967 (2013/N) implemented by Greece for Alpha Bank Group relating to: Recapitalisation and restructuring of Alpha Bank S.A., Resolution of Cooperative Bank of Western Macedonia through a transfer order to Alpha Bank S.A., Resolution of Evia Cooperative Bank through a transfer order to Alpha Bank S.A., Resolution of the Cooperative Bank of Dodecanese through a transfer order to Alpha Bank S.A. (notified under document C(2014) 4662) (Only the English text is authentic) (Text with EEA relevance)",
  "short_title": "Decision (EU) 2015/454 on the State aid SA.34823 (2012/C), SA.36004 (2013/NN), SA.37965 (2013/N), SA.37966…",
  "long_title": "Commission Decision (EU) 2015/454 of 9 July 2014 on the State aid SA.34823 (2012/C), SA.36004 (2013/NN), SA.37965 (2013/N), SA.37966 (2013/N), SA.37967 (2013/N) implemented by Greece for Alpha Bank Group relating to: Recapitalisation and restructuring of Alpha Bank S.A., Resolution of Cooperative Bank of Western Macedonia through a transfer order to Alpha Bank S.A., Resolution of Evia Cooperative Bank through a transfer order to Alpha Bank S.A., Resolution of the Cooperative Bank of Dodecanese through a transfer order to Alpha Bank S.A. (notified under document C(2014) 4662) (Only the English text is authentic) (Text with EEA relevance)",
  "citation": "EU Decision 2015/454",
  "type": "eudn",
  "year": "2015",
  "number": "454",
  "version": "current",
  "date": "2014-07-09",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-decision-2015-454/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2015-454/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2015-454/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-decision-2015-454/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": "ALPHA BANK – COMMITMENTS BY THE HELLENIC REPUBLIC",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/chapter/I",
      "kind": "chapter",
      "number": "I.",
      "heading": "DEFINITIONS",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-I",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/chapter/II",
      "kind": "chapter",
      "number": "II.",
      "heading": "RESTRUCTURING COMMITMENTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/chapter/II/division/1",
      "kind": "division",
      "number": "(1)",
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      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/2",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/3",
      "kind": "division",
      "number": "(3)",
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      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/4",
      "kind": "division",
      "number": "(4)",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/5",
      "kind": "division",
      "number": "(5)",
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      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/6",
      "kind": "division",
      "number": "(6)",
      "heading": "Support to foreign subsidiaries: For each foreign subsidiary, cumulatively from the Effective Date until 30 June 2018, the Bank shall not provide additional equity or subordinated capital for an amount larger than the higher of: (i) […]% of the RWA of that subsidiary on 31 December 2012; or (ii) EUR […] million. If the Bank intends to inject equity or subordinated debt to the foreign subsidiary for an amount higher than the defined threshold, it must request the Greek Authorities to seek a Commission decision to amend the restructuring plan.",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/7",
      "kind": "division",
      "number": "(7)",
      "heading": "Deleverage of non-Greek assets by 30 June 2018: The total size of the portfolio of foreign assets shall be reduced to a maximum amount of EUR […] billion by 30 June 2018 (foreign assets cap).",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/8",
      "kind": "division",
      "number": "(8)",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/9",
      "kind": "division",
      "number": "(9)",
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      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/10",
      "kind": "division",
      "number": "(10)",
      "heading": "For any sale, the Hellenic Republic commits that:",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/11",
      "kind": "division",
      "number": "(11)",
      "heading": "Investment policy: Until 30 June 2017, the Bank shall not purchase non-investment grade securities.",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/II/division/12",
      "kind": "division",
      "number": "(12)",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-II/division-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/chapter/II"
    },
    {
      "path": "annex/chapter/III",
      "kind": "chapter",
      "number": "III.",
      "heading": "COMMITMENTS ON CORPORATE GOVERNANCE AND COMMERCIAL OPERATIONS – PROLONGATION AND AMENDMENTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "annex/chapter/III/division/1",
      "kind": "division",
      "number": "(1)",
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    },
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      "path": "annex/chapter/III/division/2",
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    },
    {
      "path": "annex/chapter/III/section/A",
      "kind": "section",
      "number": "A.",
      "heading": "Setting up an efficient and adequate internal organisation",
      "url": null,
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      "status": null,
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    },
    {
      "path": "annex/chapter/III/section/A/division/3",
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    },
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    {
      "path": "annex/chapter/III/section/B/division/3",
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      "path": "annex/chapter/III/section/B/division/3/division/19",
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    },
    {
      "path": "annex/chapter/III/section/B/division/3/division/25",
      "kind": "division",
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    },
    {
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    },
    {
      "path": "annex/chapter/III/section/C",
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      "number": "C:",
      "heading": "Other restrictions",
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      "status": null,
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    },
    {
      "path": "annex/chapter/III/section/C/division/27",
      "kind": "division",
      "number": "(27)",
      "heading": "Dividend, Coupon, Repurchase, Call and Buy Back ban: Unless the Commission otherwise agrees to an exemption, the Hellenic Republic commits that:",
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      "extent": "E+W+S+N.I.",
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    },
    {
      "path": "annex/chapter/III/section/C/division/28",
      "kind": "division",
      "number": "(28)",
      "heading": "Acquisition ban: The Hellenic Republic commits that the Bank shall not acquire any stake in any undertaking, be it an asset or share transfer. That ban on acquisitions covers both undertaking which have the legal form of a company and any package of assets which forms a business.",
      "url": "https://openlegislation.uk/eu-decision-2015-454/annex/chapter-III/section-C/division-28",
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    {
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    {
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      "heading": "MONITORING TRUSTEE",
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      "status": null,
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      "status": null,
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      "extent": "E+W+S+N.I.",
      "status": null,
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    "retrieved_at": "2026-10-31T18:18:19.586284+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."
}