FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: Commitment to divest the wealth management business. The wealth management business shall be divested by […] as a going concern to a purchaser and on terms of sale approved by the Commission.
French: Engagement de cession de l’activité de gestion de patrimoine L’activité de gestion de patrimoine doit être cédée en continuité d’exploitation, au plus tard le […], à un acheteur et selon des conditions de vente ayant obtenu l’aval de Commission.
Spanish: Compromiso de ceder el negocio de gestión patrimonial: Con arreglo a las condiciones de venta aprobadas por la Comisión, el negocio de gestión patrimonial deberá cederse a un adquirente antes de […].
English: Preservation of viability, marketability and competitiveness. Until the closing of the sale of the wealth management business, Citadele banka shall preserve the economic viability, marketability and competitiveness of the wealth management business in accordance with good business practice, and shall minimise as far as possible any risk of loss of its competitive potential.
Spanish: Preservación de la viabilidad, la negociabilidad y la competitividad: Hasta el cierre de la venta del negocio de gestión patrimonial, Citadele banka deberá preservar la viabilidad económica, la negociabilidad y la competitividad de dicho negocio de conformidad con las buenas prácticas empresariales, y minimizar en la medida de lo posible cualquier riesgo de pérdida de su potencial competitivo.
Dutch: Behoud van levensvatbaarheid, verhandelbaarheid en concurrentievermogen Totdat de vermogensbeheeractiviteiten zijn verkocht, behoudt Citadele banka de economische levensvatbaarheid, verhandelbaarheid en het concurrentievermogen van de vermogensbeheeractiviteiten overeenkomstig goede zakelijke praktijken en tracht zij het verlies van concurrentievermogen zoveel mogelijk te voorkomen.
English: Hold separate obligation. Until the closing of the sale of the wealth management business, Citadele banka shall keep the wealth management business separately from the businesses it is retaining and ensure that key personnel of the wealth management business have no involvement in any business retained and vice versa.
Spanish: Obligación de separación de actividades: Hasta que no concluya la venta del negocio de gestión patrimonial, Citadele banka deberá mantener dicho negocio separado del resto de las actividades que conserve, y garantizar que el personal clave del negocio de gestión patrimonial no participe de ningún modo en cualquiera de las actividades conservadas y viceversa.
English: Commitment to sell Citadele banka. Latvia shall dispose or procure the disposal of Citadele banka by 31 December 2015 to a purchaser and on terms of sale approved by the Commission.
Spanish: Compromiso de venta de Citadele banka: Antes del 31 de diciembre de 2015 y con arreglo a las condiciones de venta aprobadas por la Comisión, Letonia cederá o gestionará la cesión de Citadele banka a un adquirente.
English: Caps on new lending and deposits in the Baltic countries. In Latvia, Lithuania and Estonia Citadele banka and its Affiliated Undertakings shall cap:
Spanish: Límites para los nuevos préstamos y depósitos en los países bálticos: En Letonia, Lituania y Estonia Citadele banka y sus empresas afiliadas deberán limitar:
English: Caps on the deposits for German and Swedish branches. Citadele banka shall cap its deposit balances in the German and Swedish branches in terms of both volume and respective market shares to the maximum allowed amounts provided in Tables 18 and 19.
Spanish: Límites en relación con los depósitos correspondientes a las sucursales alemana y sueca: Citadele banka limitará sus balances de depósitos en las sucursales alemana y sueca, en términos tanto de volumen como de cuotas de mercado respectivas, hasta los importes máximos autorizados que se indican en los cuadros 18 y 19.
English: No increase in the number of branches: Citadele banka shall not increase the total number of branches. This, however, does not prevent Citadele banka from reallocating some of its branches.
Spanish: Prohibición de aumentar el número de sucursales: Citadele banka no incrementará el número total de sucursales, sin que ello le impida, no obstante, reubicar algunas de ellas.
English: Acquisition ban. Citadele banka shall refrain from acquisitions of both financial and non-financial institutions until both the full repayment of restructuring aid in the form of liquidity measures provided by Latvia to Citadele banka and the closing of the sale of Citadele banka.
Spanish: Prohibición de adquisiciones: Citadele banka se abstendrá de adquirir entidades financieras o no financieras hasta que no se hayan reembolsado la totalidad de las ayudas de reestructuración proporcionadas por Letonia en forma de medidas de liquidez y se haya procedido al cierre de la venta de la entidad.
English: No new CIS loans. Until the closing of the sale of the CIS loans, Citadele banka shall not grant any new loans to clients from the CIS countries and clients whose ultimate beneficiaries are from the CIS countries.
Spanish: Prohibición de nuevos préstamos CEI: Hasta el cierre de la venta de los préstamos CEI, Citadele banka no deberá conceder nuevos préstamos a clientes de los países de la CEI ni a clientes cuyos beneficiarios últimos sean de países de la CEI.
English: No new activities. Parex banka and its affiliated undertakings shall not engage in any new activities that are not necessary for its primary task of managing the assets and sell them thereafter.
Spanish: Prohibición de nuevas actividades: Ni Parex banka ni sus empresas afiliadas podrán realizar ninguna nueva actividad que no sea necesaria para su tarea principal, es decir, gestionar los activos para su venta posterior.
English: granting any new loans to corporate or private customers, including leasing loans. Parex banka and its affiliated undertakings will be allowed to disburse funds only when the formal loan contract has been signed before the transfer date or there is no new money and the loan is made to restructure the borrowing linked to assets for restructuring. Parex banka will be in a position to issue new loans to its affiliated undertakings in order to manage repossessed collaterals;
French: d’accorder de nouveaux prêts, crédit-bail compris, à leur clientèle, qu’il s’agisse d’entreprises ou de particuliers; elles ne sont autorisées à effectuer des versements que pour des contrats formels de prêt signés avant la date de transfert ou pour des prêts n’entraînant pas de création monétaire et destinés à réaménager les dettes liées à des actifs, pour les besoins de la restructuration; Parex Banka peut accorder de nouveaux prêts à ses filiales aux fins de la gestion des garanties récupérées;
Spanish: conceder nuevos préstamos a empresas o clientes privados, incluidos préstamos de arrendamiento financiero; Parex banka y sus empresas afiliadas solo podrán desembolsar fondos cuando el contrato formal de préstamo se haya firmado antes de la fecha de traspaso o no haya nuevos recursos y el contrato se efectúe para reestructurar el empréstito vinculado a activos por reestructurar; Parex banka podrá conceder nuevos préstamos a sus empresas afiliadas con el fin de gestionar garantías recuperadas;
English: Dividend and Coupon ban. Citadele banka, Parex banka and their affiliated undertakings shall not pay investors any dividends or coupons on existing capital instruments (including preference shares, B shares, and upper and lower tier-2 instruments) or exercise any call rights in relation to the same, unless there is a legal obligation to do so.
Spanish: Prohibición de dividendos y cupones: Citadele banka, Parex banka y sus empresas afiliadas no pagarán a sus inversores ningún dividendo o cupón sobre los instrumentos de capital existentes (incluidos instrumentos superiores e inferiores de nivel 2, acciones preferenciales y acciones B) ni ejercerán ningún derecho de rescate en relación con ellos, a menos que estén legalmente obligados a hacerlo.
English: No reference to State support in advertising. Citadele banka and Parex banka shall not use the granting of the State aid, State ownership or any competitive advantages arising in any way from that aid or ownership for advertising purposes.
Spanish: Prohibición de la mención publicitaria del apoyo del Estado: Ni Citadele banka ni Parex banka podrán utilizar con fines publicitarios la concesión de ayudas estatales, la titularidad del Estado o cualesquiera ventajas competitivas que puedan derivarse de esas ayudas o esa titularidad.
English: The measures to limit distortions of competition are found to be adequate also due to the relatively limited absolute size of the bank in restructuring (around EUR 2,2 billion). Following the restructuring, only its core activities will remain.
Spanish: Las medidas de limitación de los falseamientos de la competencia también se consideran adecuadas debido al tamaño absoluto relativamente limitado de la entidad en reestructuración (cerca de 2200 millones EUR).
English: On 12 and 26 October 2009 Latvia provided information regarding a potential change of the restructuring strategy for Parex banka. On 22 March 2010 a meeting was held between the Commission and the Latvian authorities.
Estonian: ja 26. oktoobril 2009 esitas Läti teavet Parex banka ümberkorraldusstrateegia võimaliku muudatuse kohta.22. märtsil 2010 toimus komisjoni ja Läti ametiasutuste esindajate kohtumine.
English: Aug-Dec 2010e 2011e 2012e 2013e 2014e
Hungarian: Költségelemzés
Slovenian: Stroškovna analiza
Estonian: Kulude analüüs
Latvian: Izmaksu analīze
English: Cost analysis Operating expenses/total income
Hungarian: Működési költségek/összes bevétel
Slovenian: Stroški poslovanja/skupni prihodki
Estonian: Tegevuskulud/kogutulu
Latvian: Darbības izdevumi/kopējie ienākumi
English: Gross new core lending (LVL million) [28-40]
Estonian: Uute laenude kogusumma (miljonites lattides)
English: Market shares for PCM deposits (%) [< 5] %
Estonian: Erakapitali halduse sektori hoiuste turuosa (%)
English: Latvijas Krājbanka 2,4 %.
Finnish: Latvijas Krājbanka, 2,4 prosenttia.
Maltese: Latvijas Krājbanka 2.4 %.
English: Latvia replied by letter of 7 July 2010. With this letter Latvia submitted also an updated version of the restructuring plan of 31 March 2010.
French: La Lettonie a répondu par lettre du 7 juillet 2010; par cette lettre, elle a également communiqué une version actualisée du plan de restructuration du 31 mars 2010.
Italian: La Lettonia ha risposto con lettera del 7 luglio 2010 con la quale è stata presentata una versione aggiornata del piano di ristrutturazione del 31 marzo 2010.
English: Citadele banka will adhere to the enhanced corporate governance recently adopted. It will implement a set of procedures of Management Board and Supervisory Board aimed to ensure high corporate governance standards.
French: Citadele Banka adhérera aux principes de gouvernance d’entreprise améliorée récemment adoptés Elle mettra en œuvre un ensemble de procédures à appliquer par le directoire et le conseil de surveillance, visant à garantir le respect de normes de gouvernance d’entreprise élevées.
English: As a result of nationalisation, the former majority shareholders in Parex banka were wiped out (see recital 13). Due to the subsequent recapitalisation of Parex banka by the State and the EBRD, the minority shareholders were diluted (from previous 15,2 % to 3,7 % as at 7 July 2010).
French: À la suite de la nationalisation, les anciens actionnaires majoritaires de Parex Banka ont été évincés (voir considérant 13]. Ensuite, en raison de la recapitalisation de Parex Banka par l’État et la BERD, les actionnaires minoritaires ont été dilués (passant de 15,2 % auparavant à 3,7 % le 7 juillet 2010).
English: granting further advances on existing loans except for situations where this is necessary to preserve or increase the probability of Parex banka or its affiliated undertakings being repaid on outstanding loans and where a further advance is required to fund repairs and improvements that are essential to the structural integrity of the secured property. In addition, such advances shall be limited to a maximum of 5 % of the previous year’s loan portfolio;
French: d’accorder des avances sur des prêts en cours, à moins que cela ne soit nécessaire pour accroître ou maintenir leurs chances d’obtenir le remboursement de ces prêts, ou pour financer des réparations ou améliorations essentielles au maintien de l’intégrité structurelle des biens donnés en garantie; en outre, ces avances seront limitées à 5 % maximum du portefeuille de prêts de l’année précédente;
English: It is considered that the transfer of assets from Parex banka to Citadele banka implemented under a ‘good-out’ scenario (see recital 69) as an asset relief measure, because the newly created bank (Citadele banka) is relieved from the burden of potential losses on non-core and non-performing assets left behind in Parex banka. That relief, in turn, allows Citadele banka to avoid the subsequent depletion of its capital.
French: On considère que le transfert des actifs de Parex banka à Citadele banka effectué dans le cadre d’un scénario «good-out» (voir considérant 69) constitue une mesure de sauvetage des actifs en ce sens qu’elle permet à la banque nouvellement créée (Citadele banka) d’éviter les pertes éventuelles sur les actifs non essentiels et non productifs qui sont conservés par Parex banka, ce qui, à son tour, permet à Citadela banka d’éviter l’épuisement consécutif de ses fonds propres.
Italian: Si ritiene che il trasferimento degli attivi di Parex banka a Citadele banka effettuato nel quadro di uno scenario «good-out» (cfr. il considerando 69) costituisca una misura di salvataggio degli attivi nel senso che consente alla banca di nuova creazione (Citadele banka) di evitare le perdite eventuali sugli attivi non essenziali non produttivi che sono conservati da Parex banka, e ciò permette a sua volta a Citadele banka di evitare il successivo esaurimento dei suoi fondi propri.
English: In 2014 the ROE is planned to reach a level of [between 18 and 28] %, which appears to be a sufficient level of remuneration for normal market conditions in Latvia. This would be comparable to the historical ROE of 28 % in 2006 and of 20 % in 2007.
French: En 2014, le RCP devrait être compris [entre 18 et 28] %, ce qui semble un taux de rémunération suffisant dans des conditions normales de marché en Lettonie; ce taux serait comparable au taux historique de 28 % en 2006 et de 20 % en 2007.
Italian: Nel 2014, il ROE dovrebbe essere compreso [tra il 18 e il 28] %, e ciò sembra un tasso di remunerazione sufficiente nelle normali condizioni di mercato della Lettonia; questo tasso sarebbe comparabile al tasso storico del 28 % nel 2006 e del 20 % nel 2007.
English: Citadele banka at the end of restructuring period, YE 2014
French: Citadele banka à la fin de la période de restructuration, exercice 2014
English: Latvijas Krājbanka 2,4 %. (According to the Latvian Banking Association, Parex banka did not submit any data. Its ranking is based on YE 2009 data).
French: Latvijas Krājbanka 2,4 % (selon l’Association lettone des banques, Parex n’a pas transmis de données. Son classement est fondé sur les données de 2009).
Latvian: Latvijas Krājbanka 2,4 % (saskaņā ar Latvijas Komercbanku asociācijas informāciju Parex banka datus neiesniedza. Tās vieta aplēsta pēc 2009. gada beigu datiem).
Lithuanian: „Latvijas Krājbanka“ – 2,4 % (Latvijos bankų asociacija nurodė, kad „Parex banka“ nepateikė duomenų. Jis įtrauktas remiantis 2009 m. duomenimis).
English: and a capitalisation by way of conversion of some of the State deposits and interest on those deposits in Parex banka in the years 2010-2013 up to an amount of maximum LVL 210,7 million in the base case and LVL 218,7 million in the worst case. Parex banka is envisaged to pay […] % per annum interest on State deposits capitalised after the split until 31 December 2013.
Italian: una capitalizzazione di un massimo di 210,7 milioni di LVL nello scenario di base e di 218,7 milioni di LVL nel peggiore degli scenari mediante la conversione di alcuni dei depositi statali e gli interessi su tali depositi in Parex banka negli anni 2010-2013; Sino al 31 dicembre 2013 è previsto che Parex banka paghi un interesse annuo del […] % per i depositi statali capitalizzati dopo la divisione.
English: granting any new loans to corporate or private customers, including leasing loans. Parex banka and its affiliated undertakings will be allowed to disburse funds only when the formal loan contract has been signed before the transfer date or there is no new money and the loan is made to restructure the borrowing linked to assets for restructuring.
Italian: concedere nuovi prestiti a imprese o clienti privati, compresi prestiti di leasing; Parex banka e le sue imprese affiliate potranno erogare fondi solo quando il contratto formale di prestito sia stato firmato dopo la data di trasferimento o non vi siano nuove risorse e il prestito sia concesso per ristrutturare il prestito richiesto collegato alla ristrutturazione degli attivi.
Latvian: piešķirt jaunus aizdevumus, tostarp līzinga aizdevumus, korporatīviem vai privātiem klientiem; Parex bankai un tās meitasuzņēmumiem atļauts izmaksāt līdzekļus tikai tad, ja oficiāls aizdevuma līgums ir parakstīts pirms nodošanas dienas vai ja nav runa par jauniem naudas līdzekļiem un aizdevums tiek veikts, lai pārstrukturētu aizņēmumu, kas saistīts ar aktīviem pārstrukturēšanai.
English: According to the Association of Latvian Commercial Banks (ranking based on YE 2009 data), the top banks in Latvia in terms of market shares are the following: 1. Swedbank 23,0 %; 2. SEB banka 13,7 %; 3. Parex banka n/a; 4.
Italian: Secondo l’Associazione delle banche commerciali della Lettonia (classificazione basata sui dati dell’anno 2009) le principali banche del paese, in funzione delle quote di mercato, sono le seguenti: 1) Swedbank 23,0 %; 2) SEB banka 13,7 %; 3) Parex banka n/a; 4) Nordea Bank Finland (filiale della Lettonia) 10,7 %; 5) DnB NORD Banka 8,7 %; 6) Latvian Mortgage e Land Bank 4,8 %; 7) Rietumu Banka 4,6 %; 8) Aizkraukles banka 4,5 %; 9) UniCredit Bank 3,7 %; 10) Latvijas Krājbanka 2,4 %.
English: Nordea Bank Finland Latvia branch 10,7 %; 5. DnB NORD Banka 8,7 %; 6. Latvian Mortgage and Land Bank 4,8 %; 7. Rietumu Banka 4,6 %; 8. Aizkraukles banka 4,5 %; 9. UniCredit Bank 3,7 %; 10. Latvijas Krājbanka 2,4 %.
Italian: (Secondo l’Associazione delle banche commerciali della Lettonia, Parex banka non ha presentato alcun dato.
English: The capital adequacy ratio (hereinafter ‘CAR’) of Parex banka on solo basis and at group level [9] was only 4,1 % and 3,1 % respectively. Therefore, Parex banka was no longer able to meet regulatory solvency requirements.
Lithuanian: Paties „Parex banka“ kapitalo pakankamumo rodiklis sudarė tik 4,1 %, visos grupės [9] – 3,1 % Todėl „Parex banka“ nebegalėjo įvykdyti priežiūros teisės aktuose nustatytų mokumo reikalavimų.
Maltese: Il-proporzjon tal-adegwatezza tal-kapital (capital adequacy ration, minn hawn ‘il quddiem imsejjaħ “CAR”) ta’ Parex banka fuq bażi waħdanija u f’livell ta’ grupp [9] kien biss ta’ 4.1 % u 3.1 % rispettivament. Għalhekk, Parex banka ma setax jibqa’ jissodisfa r-rekwiżiti ta’ solvibbiltà regolatorja.
English: Parex
Swedish: Parex banka
Lithuanian: „Parex“
English: Loans to legacy shareholders (LVL […] million), CIS leasing subsidiaries,
Lithuanian: patronuojamosios išperkamosios nuomos bendrovės NVS šalyse,
English: In 2014 the bank would achieve a ROE of [> 0] % [20]. The plan shows that in the worst case scenario the capital ratios for Citadele banka and for the whole consolidated group remain well above the minimum regulatory requirements.
Lithuanian: 2014 m. banko ROE bus [> 0] % [20] Plane nurodyta, kad nepalankiausio scenarijaus atveju „Citadele banka“ ir visos konsoliduotos grupės kapitalo pakankamumo rodiklis gerokai viršys mažiausią galimą priežiūros teisės aktuose nustatytą lygį.
English: The State deposits in Parex banka remain outstanding at the end of the restructuring period under the base and worst case scenarios. Unpaid amounts ranges from LVL [0-100] million (the base case scenario) to LVL [100-200] million (the worst case scenario).
Polish: Niespłacone kwoty wahają się od [0–100] mln EUR (w scenariuszu bazowym) do [100–200] mln LVL (w scenariuszu pesymistycznym).
Lithuanian: Nesumokėta suma sudaro nuo (0–100) mln. LVL (pagal pagrindinį scenarijų) iki (100–200) mln. LVL (pagal nepalankiausią scenarijų).
English: Parex banka has already reduced administrative costs by 39 %. Citadele banka’s expected cost/income ratio will decrease to [between 35 and 55] % in 2014 mainly thanks to optimisation of the branch network and personnel expenses.
Lithuanian: „Parex banka“ administracines išlaidas jau sumažino 39 % Numatoma, kad dėl filialų tinklo ir personalo išlaidų optimizavimo „Citadele banka“ išlaidų ir pajamų santykis 2014 m. sumažės iki [35–55] %.
English: YE 2014 (including incremental growth)
Lithuanian: laikotarpio pabaigoje 2014 m. (įskaitant augimą)
English: Only the deposit market seems less concentrated, with these four banks accounting for 37 %. See also footnote 6.
Lithuanian: Tik indėlių rinkoje, regis, koncentracija yra mažesnė, šiems keturiems bankams čia priklauso 37 % Taip pat žr. 6 išnašą.
English: Baltic non-performing loans (LVL [between 200 and 800] million) [14], Loans to legacy shareholders (LVL […] million),
Latvian: Baltijas ienākumus nenesošie aizdevumi (LVL [no 200 līdz 800] miljonu apmērā) [14];aizdevumi sākotnējiem bankas akcionāriem (LVL [..] miljonu apmērā);
English: However, after the expiry of the prescribed period, the Commission received letters dated 15 June and 13 July 2010 from Valerijs Kargins and Viktors Krasovickis, the former majority shareholders of Parex banka (hereinafter ‘former majority shareholders’). Furthermore, the Commission received letters from members of the Latvian parliament dated 22 June and 1 July 2010.
Maltese: Madankollu, wara l-iskadenza tat-terminu previst, il-Kummissjoni rċeviet ittri datati 15 ta’ Ġunju u 13 ta’ Lulju 2010 mingħand Valerijs Kargins u Viktors Krasovickis, l-azzjonisti li qabel kellhom maġġoranza ta’ Parex banka (minn hawn ‘il quddiem imsejħa l-“azzjonisti li qabel kellhom maġġoranza”). Barra minn hekk, il-Kummissjoni rċeviet ittri mingħand membri tal-Parlament Latvjan datati 22 ta’ Ġunju u 1 ta’ Lulju 2010.
English: In March 2010, Parex banka signed an agreement with the European Investment Bank (hereinafter ‘EIB’), which will provide a credit line of up to EUR 100 million to be used to provide finance to small and medium-sized enterprises. The credit line is to be transferred to Citadele banka. The EIB requires a State guarantee for this financing as long as Citadele banka remains below investment grade.
Maltese: F’Marzu 2010, Parex banka ffirma ftehim mal-Bank Ewropew tal-Investiment (minn hawn ‘il quddiem imsejjaħ il-“BEI”), li se jipprovdi linja ta’ kreditu ta’ sa EUR 100 miljun li għandu jintuża biex jiġi pprovdut finanzjament lil impriżi żgħar u ta’ daqs medju. Il-linja ta’ kreditu għandha tiġi ttrasferita lil Citadele banka. Sakemm Citadele banka jibqa’ taħt il-grad ta’ investiment, il-BEI jeħtieġ garanzija mill-Istat għal dan l-finanzjament.
English: The stress testing results for Citadele banka New Bank
Dutch: Resultaten van de stresstest van Citadele banka
English: The restructuring plan envisages the reduction of business activities of Citadele banka compared to Parex banka pre-crisis. That reduction will be partly achieved by divesting certain assets (the performing CIS loans and the wealth management business, if sold separately from Citadele banka).
Dutch: In het herstructureringsplan is voorzien dat de zakelijke activiteiten van Citadele banka beperkt worden ten opzichte van die van Parex banka voor de crisis, deels door bepaalde activa af te stoten (de niet-achterstallige GOS-leningen n de vermogensbeheeractiviteiten, indien afzonderlijk van Citadele banka verkocht).
English: Assets of Citadele banka as compared to pre-crisis Parex banka Citadele banka at the end of restructuring period,
Dutch: Activa van Citadele banka vergeleken met Parex banka voor de crisis