L 152/18 Official Journal of the European Union 22.5.2014 DECISIONS COMMISSION DECISION of 22 February 2012 on the State aid No SA.29608 (C37/10) implemented by Hungary for the recapitalisation of FHB Jelzélogbank Nyrt (notified under document C(2012) 1021) (Only the English text is authentic) (Text with EEA relevance) (2014/296/EU) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, and in particular the first subparagraph of Article 108(2) thereof, Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof, Having called on interested parties to submit their comments pursuant to the provisions cited above (') and having regard to their comments, Whereas: I. PROCEDURE (1) On 25 March 2009, Hungary granted FHB Jelzdlogbank Nyrt (hereinafter ‘FHB’ or the ‘bank) a mid-term State loan of 120 billion Hungarian Forint (HUF) (approximately EUR 410 million (3) under the liquidity scheme for Hungarian banks which had been approved by the Commission on 14 January 2010 (}). On 31 March 2009 the Hungarian authorities recapitalised FHB in the sum of HUF 30 billion (approximately EUR 100 million) in the form of newly-issued Special Dividend Preference Shares plus one voting share, granted on 31 March 2009 under the guarantee and recapitalisation scheme approved by the Commission (*). (2) By letters dated 3 April, 13 May, 14 July and 11 September 2009, the Commission requested information from the Hungarian authorities regarding the terms of the recapitalisation. The Hungarian authorities replied by letters dated 24 April, 2 June, 12 August and 9 October 2009. (3)  Because of doubts as to the soundness of the bank at the time of the recapitalisation the Commission requested Hungary on 19 October 2009 to submit a restructuring plan for FHB in line with the Commission’s Communica- tion on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules (°) (hereinafter the ‘Restructuring Communication’). Hungary provided further information on 12 and 19 November 2009 and a draft restructuring plan on 26 January 2010. (4)  On 19 February 2010, FHB repaid the full amount of the recapitalisation to the State. () 0JC178,18.6.2011,p.7. (’) Based on the exchange rate of 15 February 2012 of EUR/HUF (289,63). () 0] C47,25.2.2010, p. 16. () O] C147,27.6.2009, p. 2. () 0JC195,19.8.2009, p. 9.