2008/214/EC: Commission Decision of 18 July 2007 on State aid C 27/2004 which the Czech Republic has implemented for GE Capital Bank a.s. and GE Capital International Holdings Corporation, USA (notified under document number C(2007) 1965) (Text with EEA relevance)

Decision · 2 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 1

The State aid for GE Capital Bank a.s. and GE Capital International Holdings Corporation, USA as from 1 May 2004 in the form of indemnification for the claims listed in Tables 1, 2, 3 and 4, which is based on the Indemnity Agreement concluded between Česká národní banka and the GE Capital International Holdings Corporation, USA on 22 June 1998, as amended by the Amendment No 1 to Indemnity Agreement on 25 April 2004, and in the form of the Put Option based on the Put Option Deed signed by Česká národní banka and the GE Capital International Holdings Corporation, USA on 22 June 1998, is compatible with the common market.

Article 2

This Decision is addressed to the Czech Republic.

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Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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