Judgment_paragraph 82 · Nikolay Kantarev v Balgarska Narodna Banka (C-571/16)

82As the European Commission correctly observes that determination is related to the objective financial situation of the credit institution and concerns the deposits held by that institution as a whole and not each of the deposits which it holds. Thus, the fact that that credit institution has not paid out certain deposits and that the conditions set out in Article 1(3)(i) of Directive 94/19 are satisfied is sufficient for a determination that all deposits held by that institution are unavailable.