Information;Order — ECLI:EU:T:2024:529
Date: 2024-08-06
Language of the case: English
Court formation: Second Chamber
Subject matter: Economic and monetary policy
Procedure: Action for annulment - successful
Origin: Portugal

Order of the General Court of 6 August 2024 – Banco Credibom v SRB (Case T-481/23) 1 (Economic and monetary union – Banking union – Single Resolution Mechanism for credit institutions and certain investment firms (SRM) – Single Resolution Fund (SRF) – Decision of the SRB on the calculation of the ex ante contributions for the 2023 contribution period – Article 70(2) of Regulation (EU) No 806/2014 – Action manifestly well founded – Limitation of the temporal effects of the order) Language of the case: English Parties Applicant: Banco Credibom, SA (Porto Salvo, Portugal) (represented by: H. Berger, M. Weber and D. Schoo, lawyers) Defendant: Single Resolution Board (represented by: J. Kerlin, C. Flynn and D. Ceran, acting as Agents, and by H. G. Kamann and P. Gey, lawyers) Intervener in support of the defendant: European Commission (represented by: D. Triantafyllou and P. Messina, acting as Agents) Re: By its action based on Article 263 TFEU, the applicant seeks annulment of Decision SRB/ES/2023/23 of the Single Resolution Board (SRB) of 2 May 2023 on the calculation of the 2023 ex ante contributions to the Single Resolution Fund (SRF), in so far as that decision concerns it. Operative part of the order Decision SRB/ES/2023/23 of the Single Resolution Board (SRB) of 2 May 2023 on the calculation of the 2023 ex ante contributions to the Single Resolution Fund (SRF) is annulled in so far as it concerns Banco Credibom, SA. The effects of Decision SRB/ES/2023/23, in so far as it concerns Banco Credibom, are maintained until the SRB has taken the measures necessary to implement the present order, which must occur within a reasonable period that cannot exceed six months from the day on which the present order becomes final. The SRB shall bear its own costs and pay those incurred by Banco Credibom. The European Commission shall bear its own costs. ____________ 1 OJ C 338, 25.9.2023.