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Document 52017XX0711(01)

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)

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:

Date of adoption of the decision:

7 June 2017

Decision No:

SRB/EES/2017/08

Addressee:

FROB

Institution under resolution:

Banco Popular Español, S.A.

Application of the write-down and conversion of capital instruments power:

Yes

Resolution tool:

Sale of Business tool

Purchaser:

Banco Santander, S.A.

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.

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