Article 1
1
The following measures granted by Portugal constitute state aid:
1. Loans granted by CGD before nationalisation;
2. Loans and liquidity lines granted by CGD to BPN after nationalisation and before the sale, with or without an explicit state guarantee;
3. Transfer of assets from BPN to the SPVs at book value before and after the sale;
4. Capital injection by the State of 15 February 2012;
5. Liquidity lines to be granted by CGD requested by BIC for the combined entity;
6. Right for BIC to transfer deposits with a pricing above […] bps to the State, or to have the State remunerate the difference; and
7. Transfer to the State of costs linked to litigation.
2
The aid measures set out in paragraph 1 are compatible with the internal market in light of the commitments set out in Section 5.2.