FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: OJ C 244, 1.10.2004, p. 2. This is expressly referred to in paragraph 42 of the Banking Communication of October 2008.
Hungarian: HL C 244., 2004.10.1., 2. o. A 2008. októberi banki közlemény (42) preambulumbekezdése nyomatékosan utal erre.
Latvian: OV C 244, 1.10.2004., 2. lpp. Uz to tiek skaidri norādīts 2008. gada oktobra Banku paziņojuma 42. punktā.
English: LBBW is a German Landesbank. Shareholders of the bank are the State of Baden-Württemberg with a share of around 35,5 %, the savings banks association of Baden-Württemberg with around 40,5 %, the city of Stuttgart with nearly 19 % and the Landeskreditbank Baden-Württemberg with almost 5 %.
Italian: LBBW è una banca regionale tedesca detenuta dal Land Baden-Württemberg per circa il 35,5 %, dall’associazione delle casse di risparmio del Baden-Württemberg per circa il 40,5 %, dal comune di Stoccarda per circa il 19 % e dalla Landeskreditbank Baden-Württemberg per quasi il 5 %.
English: LBBW’s balance sheet amounted to EUR 448 billion at the end of June 2009. LBBW does not have a market share of more than [> 4] [5] % in any of the domestic markets in which it is active. Locally, i.e. in its core regions, the market shares are somewhat higher.
Italian: Alla fine di giugno 2009, il bilancio totale di LBBW era pari a 448 miliardi di EUR. LBBW non detiene su nessuno dei mercati nazionali nei quali opera una quota di mercato superiore al [> 4] [5] %.
Lithuanian: 2009 m. birželio mėn. pabaigoje LBBW balanso suma buvo 448 mlrd. EUR. LBBW nė vienoje iš šalies rinkų, kuriose jis veikia, neužima didesnės kaip [> 4] [5] % dalies.
English: The Bank is paying a total compensation of 10 % for the injected capital. It plans to repay the capital in five tranches each year from 2013 onwards.
Italian: La banca paga una remunerazione globale del 10 % per i capitali forniti e prevede di rimborsare il capitale in cinque tranche l’anno a partire dal 2013.
Swedish: Banken kommer att betala en sammanlagd ersättning på 10 procent för kapitaltillskottet och planerar att börja återbetala kapitalet 2013 med fem betalningar per år.
Lithuanian: Už suteiktą kapitalą bankas sumokės bendrą 10 % atlygį, o nuo 2013 m. ketina kapitalą pradėti grąžinti penkiomis dalimis per metus.
English: It is the sole subsidiary of LBBW which offers such services to LBBW customers. […] is the only provider of […] in LBBW.
Italian: È la sola filiale di LBBW ad offrire tali servizi ai clienti di LBBW […] e il solo fornitore di […] nell’ambito di LBBW.
English: On 9 October 2009 Germany presented the Commission with a restructuring plan for LBBW, which has been supplemented on several occasions with further details. The last details were sent on 3 December 2009.
Lithuanian: 2009 m. spalio 9 d. Vokietija Komisijai pateikė LBBW restruktūrizavimo planą, kuris kelis kartus buvo papildytas nauja informacija, paskutinį kartą – 2009 m. gruodžio 3 d.
English: In the business customer sector they reach [< 15] % in Baden-Württemberg, [< 10] % in Saxony and [< 5] % in Rhineland Palatinate. In the private customer sector the market shares are [< 7] % in Baden-Württemberg, [< 2] % in Saxony and [< 1] % in Rhineland Palatinate.
Lithuanian: Vietos mastu, tai yra pagrindiniuose regionuose, jo rinkos dalys šiek tiek didesnės: verslo klientų sektoriuje Badene-Viurtemberge – [< 15] %, Saksonijoje – [< 10] %, Reino krašte-Pfalce – [< 5] %, privačių klientų sektoriuje Badene-Viurtemberge – [< 7] %, Saksonijoje – [< 2] %, Reino krašte-Pfalce – [< 1] %.
English: Germany has decided to adjust the guarantee compensation as follows. LBBW will pay retrospectively EUR 336 million per year. With that the compensation originally envisaged will be increased by EUR 28 million in the first year. This compensation is based on two different rates of interest: 6,25 % on the capital relief effect and 10 % on the part of the guaranteed value which exceeds the real economic value of the two portfolios.
Lithuanian: Vokietija nusprendė atlygį už garantiją pakoreguoti taip: LBBW atgaline data sumoka 336 mln. EUR per metus, taigi pirminis atlygis pirmaisiais metais padidinamas 28 mln. EUR. Šis atlygis grindžiamas dviem skirtingomis palūkanų normomis – 6,25 % paramos turtui poveikiui ir 10 % tai garantija padengiamos vertės daliai, kuri viršija realiąją ekonominę abiejų portfelių vertę.
English: The Bank’s balance sheet and the impaired assets (risk-weighted assets) are expected to fall by [25-30] % or [30-35] % in comparison with 2008 by 2013 through the reduction of non-strategic activities and the sale of holdings. Compared with the figures for the end of 2008 the balance sheet total will fall by a total of EUR 182 billion or around 41 % and the impaired assets by EUR [80-90] billion or [45-50] % after the complete reduction of the stated business fields.
Lithuanian: Sumažinus nestrateginę veiklą ir pardavus kitų įmonių turimas akcijas, banko balanso suma ir rizikingas turtas iki 2013 m. greičiausiai sumažės [25–30] % arba [30–35] %, palyginti su 2008 m. Visiškai nutraukus veiklą minėtose srityse, balanso suma sumažės iš viso 182 mlrd. EUR arba apie 41 %, o rizikingas turtas – [80–90] mlrd. EUR arba [45–50] %, palyginti su 2008 m. pabaigos duomenimis.
English: LBBW will reduce its assets in 2008 (balance sheet total of around EUR 448 billion at 31 December 2008) by approximately EUR 182 billion, i.e. about 41 %. About EUR [125-135] billion of this will be achieved by 31 December 2013.
Lithuanian: LBBW savo 2008 m. turėtą turtą (balanso sudarymo dieną, tai yra 2008 m. gruodžio 31 d., balanso suma buvo apie 448 mlrd. EUR) sumažins apie 182 mlrd. EUR, tai yra apie 41 %, iš šios sumos apie [125–135] mlrd. EUR bus sumažinta iki 2013 m. gruodžio 31 d.
English: LBBW will reduce its impaired assets in 2008 (around EUR 178 billion at 31 December 2008) by approximately EUR [80-100] billion, i.e. around [40-60] %. About EUR [60-80] billion of this will be achieved by 31 December 2013.
Lithuanian: LBBW savo 2008 m. turėtą rizikingą turtą (balanso sudarymo dieną, tai yra 2008 m. gruodžio 31 d., balanso suma buvo apie 178 mlrd. EUR) sumažins apie [80–100] mlrd. EUR, tai yra apie [40–60] %, iš šios sumos apie [60–80] mlrd. EUR bus sumažinta iki 2013 m. gruodžio 31 d.
English: LBBW will further extend risk monitoring and risk supervision. In the course of this it will separate the entire credit substitute business from the bank’s core business areas and assign it to an organisationally and functionally separate Internal Restructuring Unit (IRU).
Lithuanian: LBBW toliau plės rizikos stebėseną ir priežiūrą, visus alternatyviuosius kredito sandorius atskirdamas nuo pagrindinių banko verslo sričių ir priskirdamas juos organizaciniu ir funkciniu aspektu atskiram vidaus restruktūrizavimo skyriui (IRU).
English: Germany is applying for approval of the restructuring plan. Germany does not dispute that the measures are State aid.
Portuguese: A Alemanha apresentou um pedido de aprovação do plano de reestruturação.
Lithuanian: Vokietija prašo patvirtinti restruktūrizavimo planą.
English: Under Article 107(3)(b) TFEU the Commission may decide that aid is compatible with the internal market if it serves to ‘remedy a serious disturbance in the economy of a Member State’. The Commission stresses that there continues to be a danger of a serious disturbance in the economy in Germany and that measures to support banks are appropriate to counter this danger.
Lithuanian: SESV 107 straipsnio 3 dalies b punkte teigiama, kad Komisija gali nuspręsti valstybės pagalbą laikyti suderinama su bendrąja rinka, jei ji skirta „kurios nors valstybės narės ekonomikos dideliems sutrikimams atitaisyti.“ Komisija konstatuoja, kad tebėra Vokietijos ekonomikos didelio sutrikimo pavojus ir kad paramos bankams priemonės tinkamos siekiant pašalinti šį pavojų.
English: The portfolios containing the greatest risk were the subject of asset relief measures which may be considered to be sufficient according to the Commission’s investigation results. No further losses should therefore be expected concerning these.
Lithuanian: Su didžiausia rizika susiję portfeliai buvo paramos turtui priemonės objektas; šią priemonę, remiantis Komisijos atlikto tyrimo rezultatais, galima laikyti pakankama, todėl dėl jos daugiau neturėtų atsirasti nuostolių.
English: There are sufficient safeguards to prevent business decisions being determined by other than economic considerations. In addition the quality of the corporate governance will be considerably improved.
Slovenian: Na voljo je dovolj preventivnih zaščitnih ukrepov, ki preprečujejo, da bi se poslovne odločitve sprejemale drugače kot na podlagi gospodarskih premislekov.
Lithuanian: Numatyta pakankamai apsaugos priemonių, užtikrinančių, kad bus priimami tik ekonominėmis, o ne kitokiomis priežastimis pagrįsti verslo sprendimai.
English: The sales must be carried out by no later than the end of the restructuring period. Otherwise a divestiture trustee will be appointed who will be responsible for the management of the sales […].
Lithuanian: Pardavimas turi būti baigtas ne vėliau kaip iki restruktūrizavimo pabaigos, kitu atveju bus paskirtas pardavimo patikėtinis (angl. divestiture trustee), kuris bus […] atsakingas už pardavimo procedūros vykdymą.
English: Additional measures to dispel any objections under competition law regarding the characteristics of the markets in which the beneficiary bank will be active after the restructuring (cf. paragraph 32 of the Restructuring Communication) are not necessary. This is justified by the low market presence of the restructured bank.
Lithuanian: Papildomų priemonių, siekiant išsklaidyti konkurencijos teisės požiūriu galinčias kilti abejones dėl rinkų, kuriose veiks restruktūrizuotas bankas (žr. Restruktūrizavimo komunikato 32 punktą), ypatybių, imtis nereikia todėl, kad restruktūrizuotas bankas užims nedidelę rinkos dalį.
English: If one of the associated companies referred to under paragraph 5 were not to have been sold by the specified date, even after using all the extension possibilities available, the Commission may then provide in a separate decision that the respective associated company is sold by a divestiture trustee. The costs of the divestiture trustee are to be borne by LBBW.
Swedish: Om någon av ägarandelarna under punkt 5 inte skulle ha sålts före respektive angivet datum, trots att man utnyttjat alla möjligheter till förlängning av tidsfristen, kan kommissionen genom ett separat beslut fastslå att försäljningen av denna ägarandel ska genomföras av en avyttringsförvaltare (divestiture trustee).
Latvian: Ja 5. punktā minētās kapitāldaļas nav pārdotas līdz attiecīgi norādītajam termiņam, arī izmantojot visas iespējamās termiņa pagarināšanas iespējas, ar atsevišķu lēmumu Komisija var noteikt, ka attiecīgās kapitāldaļas pārdod pārdošanas pilnvarnieks Pārdošanas pilnvarnieka izmaksas sedz LBBW.
English: LBBW undertook to pay an initial fee which is based on a capital relief effect of EUR 4,4 billion, on which an interest rate of 7 % p.a. is applied. For the first year the fee amounts to EUR 308 million; in subsequent years it will sink proportionally to the amount guaranteed and after a review during the restructuring procedure.
Maltese: LBBW impenja ruħu li jħallas dritt inizjali ibbażat fuq effett ta’ salvataġġ tal-kapital ta’ EUR 4,4 biljuni, li fuqu tiġi applikata rata ta’ imgħax ta’ 7 % p.a.. Għall-ewwel sena, id-dritt jammonta għal EUR 308 miljuni; fis-snin sussegwenti, din se tonqos b’mod proporzjonali għall-ammont iggarantit u wara reviżjoni li ssir matul il-proċedura tar-ristrutturar.
English: A peak of 9,8 % unemployment is assumed for 2010, a continuing high level for 2011 and then a fall to 8,3 % in 2013. LBBW also expects low, slightly rising inflation, which will remain well below the ECB’s inflation targets.
Polish: Jeżeli chodzi o kwestię bezrobocia, to bank przyjmuje, że w roku 2010 stopa bezrobocia osiągnie maksymalną wartość na poziomie 9,8 %, w roku 2011 w dalszym ciągu wskaźniki bezrobocia będą wysokie, a następnie spadną do poziomu 8,3 % w 2013 r. Ponadto LBBW spodziewa się niewielkiej, powoli rosnącej inflacji, której wartość będzie wyraźnie niższa niż cele inflacyjne EBC.
English: As part of the structural measures LBBW will reduce its balance sheet by a total of 41 % compared with the balance sheet as at 31 December 2008 through the reduction of non-strategic activities and the sale of holdings. The existing impaired assets will be reduced by [40-60] %.
Polish: W ramach działań strukturalnych bank LBBW – poprzez wycofanie się z działalności o niestrategicznym charakterze oraz sprzedaż udziałów – zredukuje wartość całkowitego bilansu łącznie o 41 % w stosunku do wartości bilansu na dzień 31 grudnia 2008 r. Wartość istniejących aktywów ważonych ryzykiem zostanie zmniejszona o [40–60] %.
English: The Commission called on all interested parties to submit their comments. The Commission received no comments from the parties concerned.
Portuguese: A Comissão convidou todas as partes interessadas a apresentarem as suas observações, não tendo recebido quaisquer observações das partes em questão.
English: The trustee is to be appointed only with the assent of the Commission. The Commission may require explanations and clarifications from the expert.
Portuguese: Este só poderá nomeado após aprovação da Comissão, que pode solicitar explicações e esclarecimentos ao perito.
English: Article 1 The asset relief measure by the State of Baden-Württemberg in favour of the Landesbank Baden-Württemberg for two portfolios of impaired structured securities represents state aid within the meaning of Article 107(1) TFEU.
Portuguese: A medida de apoio aos activos depreciados concedida pelo Estado de Bade-Vurtemberga ao Landesbank Baden-Württemberg relativamente a duas carteiras de títulos estruturados depreciados constitui um auxílio estatal na acepção do artigo 107.o, n.o 1, do TFUE.
English: During the restructuring phase, i.e. with the introduction of the governance aspects until the completion of the change in legal form pursuant to paragraph 24 (below) in 2013, the chairmanship of the Supervisory Board will be held by a person who is a member of the Supervisory Board pursuant to paragraph 22(f) (above). Subsequently the appointment will be made in accordance with the procedure laid down in German or European company law.
Slovak: Počas reštrukturalizácie, t. j. od zavedenia prvkov Governance až po uskutočnenie zmeny právnej formy podľa ďalej uvedeného bodu 24, bude v roku 2013 funkciu predsedu dozornej rady vykonávať osoba, ktorá je členom dozornej rady podľa už uvedeného bodu 22 písm. f. Potom bude nasledovať vymenovanie podľa postupu stanoveného v nemeckom alebo európskom akciovom práve.
English: The two measures were approved for a limited period in the opening decision on the basis of Article 107(3)(b) TFEU and the detailed Commission Communications (Communication on the application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis [14] (‘Banking Communication’), Communication on the recapitalisation of financial institutions in the current financial crisis: limitation of aid to the minimum necessary and safeguards against undue distortions of competition [15] (‘Recapitalisation Communication’), Communication on the treatment of impaired assets in the Community banking sector [16] (‘Impaired Assets Communication’) and the Communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules [17] (‘Restructuring Communication’)). However, the Commission initiated an investigation as it continued to have objections under competition law concerning the asset relief measure.
Slovak: Obidve opatrenia boli rozhodnutím o začatí konania povolené na dobu určitú na základe článku 107 ods. 3 písm. b) Zmluvy o fungovaní EÚ a príslušnými oznámeniami Komisie [oznámenie Komisie o uplatnení pravidiel štátnej pomoci na opatrenia prijaté v prospech finančných inštitúcií v súvislosti so súčasnou globálnou finančnou krízou [14] (ďalej len „oznámenie o bankovníctve“), oznámenie Komisie o rekapitalizácii finančných inštitúcií v súčasnej finančnej kríze: obmedzenie pomoci na nevyhnutné minimum a opatrenia proti neprimeranému narušeniu hospodárskej súťaže [15] (ďalej len „oznámenie o rekapitalizácii“), oznámenie Komisie o zaobchádzaní so znehodnotenými aktívami v bankovom sektore Spoločenstva [16] (ďalej len „oznámenie o zaobchádzaní so znehodnotenými aktívami“) a oznámenie o návrate k životaschopnosti a hodnotení reštrukturalizačných opatrení vo finančnom sektore v podmienkach súčasnej krízy podľa pravidiel štátnej pomoci [17] (ďalej len „oznámenie o reštrukturalizácii“)].
English: The capital relief effect of the guarantee was EUR [1-2] billion. The second one, referred to as the ‘Sealink portfolio’, relates to a loan of EUR 8,75 billion to a special purpose vehicle which holds a portfolio of structured products.
Slovenian: Drugi portfelj, t.i. portfelj SEALINK, se nanaša na posojilo v višini 8,75 milijarde EUR, odobreno družbi s posebnim namenom, ki upravlja portfelj s strukturiranimi produkti.