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Document 52017XX0711(01)
Decision to take resolution action in respect of Banco Popular Español, S.A.
Decision to take resolution action in respect of Banco Popular Español, S.A.
Decision to take resolution action in respect of Banco Popular Español, S.A.
OJ C 222, 11.7.2017, p. 3–3
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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11.7.2017 |
EN |
Official Journal of the European Union |
C 222/3 |
Decision to take resolution action in respect of Banco Popular Español, S.A.
(2017/C 222/05)
On 7 June 2017, the Single Resolution Board decided to adopt a resolution scheme in respect of Banco Popular Español, S.A. This decision is based on Article 18 of Regulation (EU) No 806/2014 (1). The main elements of this decision are as follows:
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Date of adoption of the decision: |
7 June 2017 |
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Decision No: |
SRB/EES/2017/08 |
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Addressee: |
FROB |
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Institution under resolution: |
Banco Popular Español, S.A. |
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Application of the write-down and conversion of capital instruments power: |
Yes |
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Resolution tool: |
Sale of Business tool |
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Purchaser: |
Banco Santander, S.A. |
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Fund aid: |
No |
More information about this decision can be found on the SRB’s official website: https://srb.europa.eu/en/content/banco-popular
(1) OJ L 225, 30.7.2014, p. 1.