natgillin/translations-raw huggingface dataset:
Bankens bud blev foretrukket med hensyn til betaling og tid til gennemførelsen af overførslen.
The liquidity position of the Bank was hit by deposit outflows but its net loan-to-deposit ratio remained relatively low compared to other Greek banks (118 % at 31 December 2012 [33]).
Banken tilbød at betale et beløb svarende til […] [39] % af de overførte indlån og anslog, at overførslen kunne gennemføres på en arbejdsdag.
Following the stress test of 2013, according to which the capital needs of the Bank were estimated at EUR 2183 million in the baseline scenario, the Bank sought to raise EUR 2,5 billion of capital on the market.
Cooperative Bank of Lesvos-Limnos (herefter »Lesvos-Limnos Bank«)
On 6 May 2014, the Bank announced the launch of the book-building exercise [34] for an amount of EUR 2,5 billion [35].
Den 23. marts 2012 besluttede den græske nationalbank, at Lesvos-Limnos Banks fordringer og passiver over for HDIGF skulle overføres til banken [40].
On 9 May 2014, the Bank announced the issue and placement of 1136,4 million new ordinary shares, at a price of EUR 2,20 per share, for total gross proceeds of EUR 2,5 billion [36].
Ifølge den græske nationalbank [41] beløb dagsværdien af de overførte passiver sig til […] mio. EUR, mens der ikke blev overført nogen aktiver.
The share capital increase was carried out through the cancellation of pre-emption rights for existing shareholders, as decided by the general meeting of shareholders held in Athens on 10 May 2014 [37].
Betalingen blev beregnet [42] til […] mio. EUR, dvs. […] % af de overførte indlån.
The HFSF approved the share capital increase on the basis of two valuations reports carried out by independent experts as per law 3864 [38].
Det udækkede finansieringsbehov blev dækket af stabilitetsfonden i overensstemmelse med artikel 63D, stk. 13, i lov 3601/2007.
THE BANK'S ACQUISITIONS OF GREEK BANKING ACTIVITIES
Den 10. april 2012 udbetalte stabilitetsfonden to tredjedele af det samlede udækkede finansieringsbehov i EFSF-obligationer og bekræftede samtidig, at det resterende beløb ville blive udbetalt efter den endelige beregning af det udækkede finansieringsbehov.
Acquisition of selected liabilities of the three Cooperative Banks
På tidspunktet for afviklingen beskæftigede Lesvos-Limnos Bank 37 personer og havde tre filialer.
On 18 March 2012, the Bank of Greece noted that the three Cooperative Banks did not meet the capital adequacy requirements and concluded that they would not be able to increase their capital.
Banken overtog ikke Lesvos-Limnos Banks filialer, og de ansatte blev afskediget.
Therefore, the Bank of Greece decided to withdraw their licenses and put them into liquidation.
Cooperative Bank of Achaia (herefter »Achaia Bank«)
The Bank of Greece considered that taking resolution measures and in particular the auctioning of the deposits in the context of the resolution framework (Article 63(D) of law 3601/2007) and the financing of the relevant funding gap was crucial to maintain the increases in depositors' confidence that had occurred in the aftermath of the successful conclusions of the PSI and the Second Adjustment Programme and that, despite the recent turnaround of the market sentiment, such sentiment was fragile.
Den 23. marts 2012 besluttede den græske nationalbank, at Achaia Banks fordringer og passiver over for HDIGF skulle overføres til banken [43].
The Bank of Greece estimated that on 19 March 2012 the total amount of customer deposits (based on unaudited data at 30 September 2013) in those three Cooperative Banks amounted to approximately EUR 325 million.
Ifølge den græske nationalbank [44] beløb dagsværdien af de overførte passiver sig til […] mio. EUR, mens der ikke blev overført nogen aktiver.
The Bank of Greece proceeded with a Purchase & Assumption procedure whereby all deposits, including interbank deposits, and the claims and liabilities towards the Hellenic Deposit and Investment Guarantee Fund (‘HDIGF’) but no loans would be transferred to an acquirer.
Betalingen blev beregnet [45] til […] mio. EUR, dvs. […] % af de overførte indlån.
On 20 March 2012, the Bank of Greece invited the five largest Greek credit institutions at that time to submit their offers.
Det udækkede finansieringsbehov blev dækket af stabilitetsfonden i overensstemmelse med artikel 63D, stk. 13, i lov 3601/2007.
The Bank and three other banks submitted binding offers.
Cooperative Bank of Lamia (herefter »Lamia Bank«)
Cooperative Bank of Lesvos-Limnos (‘Lesvos-Limnos Bank’)
Den 23. marts 2012 besluttede den græske nationalbank, at Lamia Banks fordringer og passiver over for HDIGF skulle overføres til banken [46].
On 23 March 2012, the Bank of Greece decided that the deposits and the claims and liabilities of Lesvos-Limnos Bank towards the HDIGF were to be transferred to the Bank [40].
Ifølge den græske nationalbank beløb dagsværdien af de overførte passiver sig til […] mio. EUR, mens der ikke blev overført nogen aktiver.
According to the Bank of Greece [41], the fair value of the transferred liabilities amounted to EUR […] million, while no assets were transferred.
Betalingen blev beregnet [47] til […] mio. EUR, dvs. […] % af de overførte indlån.
The consideration was calculated [42] at EUR […] million, that is to say, […] % of the transferred deposits.
På tidspunktet for afviklingen beskæftigede Lamia Bank 47 personer og havde fem filialer.
The funding gap was covered by the HFSF pursuant to Article 63D(13) of law 3601/2007.
Banken overtog ikke Lamia Banks filialer, og de ansatte blev afskediget.
On 10 April 2012, the HFSF disbursed two-thirds of the total funding gap in EFSF Notes while it committed that the remaining amount would be paid upon the final determination of the funding gap.
Beløbene for de tre andelsbankers udækkede finansieringsbehov er anført i tabel 6.
On 22 June 2012, the Bank of Greece determined that the final funding gap of Lesvos-Limnos Bank amounted to EUR 56,6 million.
De tre andelsbankers endelige udækkede finansieringsbehov
At the time of its resolution, Lesvos-Limnos Bank employed 37 people and had 3 branches.
Kilder: Den græske nationalbanks afviklingsforanstaltningskommissions beslutning 3/1, 3/2 og 3/3 af 22. juni 2012.
The Bank took over no branches of Lesvos-Limnos Bank and its employees were laid off.
Endeligt udækket finansieringsbehov
Cooperative Bank of Achaia (‘Achaia Bank’)
(mio. EUR)
On 23 March 2012, the Bank of Greece decided that the deposits and the claims and liabilities of Achaia Bank towards the HDIGF were to be transferred to the Bank [43].
I alt
According to the Bank of Greece [44], the fair value of the transferred liabilities amounted to EUR […] million, while no assets were transferred.
Køb af udvalgte aktiver og passiver i First Business Bank
The consideration was calculated [45] at EUR […] million, that is to say, […] % of the capital of the transferred deposits.
FB Bank havde 19 filialer i Grækenland og beskæftigede 260 personer den 31. december 2012.
On 22 June 2012, the Bank of Greece determined that the final funding gap of Achaia Bank amounted to EUR 212,9 million.
Under den græske bankstøtteordning modtog FB Bank i) en tilførsel på 50 mio. EUR fra den græske stat i juli 2009, ii) græske statsobligationer for 60 mio. EUR i maj 2012 [48] og iii) en statsgaranti for udstedte obligationer med en nominel værdi af 50 mio. EUR i marts 2011.
At the time of its resolution, Achaia Bank employed 103 people and had 13 branches.
Som det fremgår af tabel 3, blev FB Banks kapitalbehov anslået til 168 mio. EUR i 2012-stresstesten.
The Bank took over no branches of Achaia Bank and its employees were laid off.
Køb af First Business Bank
Cooperative Bank of Lamia (‘Lamia Bank’)
Den 8. november 2012 anmodede den græske nationalbank FB Bank om at fuldføre kapitalforhøjelsen inden den 30. april 2013 for at genoprette dens kernekapitalprocent.
On 23 March 2012, the Bank of Greece decided that the deposits and the claims and liabilities of Lamia Bank towards the HDIGF were transferred to the Bank [46].
Da det ikke lykkedes for FB Bank at forhøje kapitalen inden den 30. april 2013, besluttede den græske nationalbank at tilbagekalde FB Banks licens og satte den til afvikling.
According to the Bank of Greece, the fair value of the transferred liabilities amounted to EUR […] million, while no assets were transferred.
Den græske nationalbank fandt, at det var nødvendigt at træffe afviklingsforanstaltninger gennem en købs- og overtagelsesprocedure, herunder at dække det relevante udækkede finansieringsbehov og dække kapitalbehovene i forbindelse med de overførte aktiver, for at sikre indskydernes tillid til det græske banksystem og derved bevare den finansielle stabilitet.
The consideration was calculated [47] at EUR […] million, that is to say, […] % of the capital of the transferred deposits.
Den græske nationalbank anslog, at kundeindlånene den 31. december 2012 beløb sig til ca. 1278 mio. EUR, hvoraf kun 830 mio. EUR var garanteret af HDIGF.
On 22 June 2012, the Bank of Greece determined that the final funding gap of Lamia Bank amounted to EUR 56,3 million.
Hvis FB Bank var blevet afviklet uden gennemførelsen af afviklingsforanstaltninger, ville indlån for omkring 448 mio. EUR ikke være blevet dækket.
At the time of its resolution, Lamia Bank employed 47 people and had 5 branches.
Af hensyn til den finansielle stabilitet iværksatte den græske nationalbank salget af udvalgte aktiver og passiver i FB Bank, herunder indlån, ved auktion.
The Bank took over no branches of Lamia Bank and its employees were laid off.
Købet af FB Banks aktiver kunne dog have resulteret i yderligere kapitalbehov for køberen, og ingen bank ville derfor påtage sig at købe de udvalgte aktiver og passiver.
The amounts of the funding gaps of the three Cooperative Banks are set out in Table 6.
Den græske nationalbank tilkendegav i sit brev til stabilitetsfonden af 8. maj 2013, at stabilitetsfonden burde dække disse kapitalbehov som en del af afviklingsomkostningerne.
Table 6
Banken anførte i sit endelige bud af 10. maj 2013, at de kapitalbehov, der opstod ved købet af de aktiver, der var overført fra FB Bank, skulle dækkes af stabilitetsfonden.
Final funding gaps of the three Cooperative Banks
I begge bankers bud var det forudsat, at stabilitetsfonden ville dække både det udækkede finansieringsbehov og kapitalbehovene i forbindelse med de overførte aktiver.
(in EUR million)
Den 10. maj 2013 indgav banken sit endelige bud.
Total
Den græske nationalbank besluttede at overføre FB Banks aktiver og passiver til banken, hvis bud blev foretrukket.
Acquisition of selected assets and liabilities of First Business Bank
Udlån til kunder (bortset fra permanent misligholdte) og de fleste kontante midler samt immaterielle aktiver og goodwill, ejendomsrettigheder, kontrakter vedrørende leje eller køb af ejendom, interbankfordringer og kundeindlån blev overført til banken.
FB Bank was a small bank with a total balance sheet of EUR 1,4 billion at the time of its resolution, and a market share of less than 1 % in loans and in deposits.
Køb af udvalgte aktiver og passiver i Probank
FB Bank had 19 branches across Greece and employed 260 employees at 31 December 2012.
Probank havde et netværk af 112 filialer i Grækenland og beskæftigede 1087 personer [53] den 31. marts 2013.
Under the Greek bank Support Scheme FB Bank received (i) a capital injection of EUR 50 million from the Greek State in July 2009, (ii) Greek Government Securities amounting to EUR 60 million in May 2012 [48] and (iii) a State guarantee for issued bonds with a nominal value of EUR 50 million in March 2011.
Probanks balance var omkring 3,2 mia. EUR pr. 30. juni 2013 [54].
FB Bank participated in the PSI programme, exchanging GGBs with a face value of EUR 70 million.
Probank havde en markedsandel på 1,1 % i udlån og en markedsandel på 1,7 % i indlån pr. 31. marts 2013.
As illustrated in Table 2, its total PSI-related charge amounted to around EUR 49 million before tax.
Som det fremgår af tabel 3, blev Probanks kapitalbehov anslået til 282 mio. EUR i 2012-stresstesten.
As illustrated in Table 3, the capital needs of FB Bank were estimated at EUR 168 million in the stress test of 2012.
Køb af Probank
Acquisition of First Business Bank
Den 26. oktober 2012 anmodede den græske nationalbank Probank om at forhøje dens kapital med 282 mio. EUR.
On 8 November 2012, the Bank of Greece requested FB Bank to complete the capital increase by 30 April 2013 in order to restore its Core Tier 1 ratio.
Da det ikke lykkedes for Probank at forhøje kapitalen inden juli 2013, besluttede den græske nationalbank at tilbagekalde Probanks licens og satte den til afvikling [55].
As FB Bank failed to raise the required capital by 30 April 2013, the Bank of Greece decided to proceed with the withdrawal of the license of FB Bank and put it into liquidation.
Probanks egenkapital var mere specifikt negativ og blev anslået til ca. – 16 mio. EUR pr. 31. marts 2013 på et konsolideret grundlag.
The Bank of Greece considered that taking resolution measures through a Purchase & Assumption procedure, in particular the financing of the relevant funding gap and the associated coverage of the capital needs related to the transferred assets, was crucial to maintain the depositors' confidence in the Greek banking system and thus to preserve financial stability.
Probank opfyldte derfor ikke minimumskapitalkravet, og dens egenkapital var lavere end minimumsaktiekapitalen for banker fastsat i artikel 5, stk. 4, litra a), i lov 3601/2007.
The Bank of Greece estimated that on 31 December 2012 the total amount of customer deposits in FB Bank amounted to approximately EUR 1278 million, of which only EUR 830 million were guaranteed by the HDIGF.
Den græske nationalbank fandt, at det var nødvendigt at træffe afviklingsforanstaltninger for at sikre indskydernes tillid til det græske banksystem og derved bevare den finansielle stabilitet.
Therefore, if FB Bank had been put into liquidation without the application of resolution measures, around EUR 448 million of deposits would not have been covered.
Den græske nationalbank anslog, at de samlede kundeindlån i Probank den 31. marts 2013 beløb sig til ca. 3123 mio. EUR, hvoraf kun 1998 mio. EUR var garanteret af HDIGF.
For those financial stability considerations, the Bank of Greece proceeded with the auction of the selected assets and liabilities of FB Bank, including deposits.
Hvis Probank var blevet afviklet uden gennemførelsen af afviklingsforanstaltninger, ville indlån for omkring 1125 mio. EUR ikke være blevet dækket.
However, the acquisition of FB Bank's assets could have created further capital needs for the acquirer and hence no bank would accept to acquire the selected assets and liabilities.
Stabilitetsfonden tog ved vurderingen af de modtagne behov højde for det ønskede tilsagn om at dække disse kapitalbehov.
On 8 May 2013, only the Bank and another bank submitted non-binding offers.
Beløbet for disse kapitalbehov blev anslået til [180-280] mio. EUR [56].
The bids of both banks were based on the understanding that the HFSF would cover both the funding gap and the capital needs related to the transferred assets.
Den 24. juli 2013 afgav en anden stor græsk bank et foreløbigt tilbud, og den 25. juli 2013 afgav banken sit bindende tilbud.
On 10 May 2013, the Bank submitted its final offer.
I begge bankers bud var det forudsat, at stabilitetsfonden ville dække både det udækkede finansieringsbehov og kapitalbehovene i forbindelse med de overførte aktiver.
The Bank of Greece decided to transfer the assets and liabilities of FB Bank to the Bank, whose offer was considered to be the preferred one.
Den 31. december 2013 udbetalte stabilitetsfonden balancen på 404,4 mio. EUR kontant [59] til banken.
The funding gap was covered pursuant to Article 63D(13) of law 3601/2007 by the HFSF, which on 28 June 2013 disbursed the two-thirds of the estimated funding gap, meaning EUR 349,6 million.
STØTTEFORANSTALTNINGER
After the finalisation of the calculation of the funding gap by the Bank of Greece on 7 November 2013 [51] at EUR 457 million, on 13 November 2013 [52] the HFSF paid to the Bank the balance of EUR 107,4 million.
Støtteforanstaltninger bevilget til banken i henhold til den græske bankstøtteordning (foranstaltning L1 og A)
Acquisition of selected assets and liabilities of Probank
Banken modtog flere former for støtte ifølge den græske bankstøtteordning, rekapitaliseringsforanstaltningen, garantiforanstaltningen og foranstaltningen med statsobligationslån.
Probank had a network of 112 branches across Greece and employed 1087 people [53] at 31 March 2013.
Statslig likviditetsstøtte ydet i henhold til garantiforanstaltningen og foranstaltningen med statsobligationslån (foranstaltning L1)
The balance sheet of Probank was around EUR 3,2 billion at 30 June 2013 [54].
Banken har modtaget og modtager fortsat støtte i henhold til garantiforanstaltningen og foranstaltningen med statsobligationslån.
Probank had a market share of 1,1 % in loans and a market share of 1,7 % in deposits at 31 March 2013.
Denne støtte vil i denne afgørelse blive betegnet som »foranstaltning L1«.
Probank participated in the PSI programme, exchanging GGBs with a face value of EUR 415 million.
I omstruktureringsplanen for banken, som de græske myndigheder fremsendte til Kommissionen den 25. juni 2014, angav de græske myndigheder, at de havde til hensigt at fortsætte med at yde garantier og statsobligationslån i henhold til ordningen i omstruktureringsperioden.
As illustrated in Table 2, its total PSI-related charge amounted to around EUR 295 million before tax.
Statslig rekapitalisering ydet i henhold til rekapitaliseringsforanstaltningen (foranstaltning A)
As illustrated in Table 3, the capital needs of Probank were estimated at EUR 282 million in the stress test of 2012.
I maj 2009 og december 2011 modtog banken kapitaltilførsler på henholdsvis 350 mio. EUR og 1000 mio. EUR, i alt 1350 mio. EUR (foranstaltning A) i henhold til rekapitaliseringsforanstaltningen i den græske bankstøtteordning.
Acquisition of Probank
Denne kapitaltilførsel svarede til ca. 2 % af bankens risikovægtede aktiver på det pågældende tidspunkt.
On 26 October 2012, the Bank of Greece requested Probank to increase its capital by EUR 282 million.
Rekapitaliseringen skete med præferenceaktier tegnet af Grækenland og med en udbyttebetaling på 10 % og en løbetid på fem år.
As Probank failed to increase its capital, in July 2013 the Bank of Greece decided to proceed with the withdrawal of its license and put it into liquidation [55].
I 2010 blev præferenceaktiernes løbetid forlænget, og udbyttesatsen blev forhøjet.
More precisely, the own funds of Probank were negative and were estimated at around EUR – 16 million based on data at 31 March 2013 on a consolidated basis.
Hvis præferenceaktierne fremover ikke indløses inden fem år fra udstedelsen, og der ikke er truffet en beslutning af aktionærerne på generalforsamlingen om indløsningen af dem, vil den græske finansminister forhøje udbyttebetalingen med 2 % om året kumulativt (dvs. en udbyttebetaling på 12 % i år seks, 14 % i år syv osv.).
Therefore, Probank did not meet its minimum capital requirements and its own funds were lower than the minimum share capital for any bank, as set at Article 5(4)(a) of law 3601/2007.
Statsgaranteret ELA (foranstaltning L2)
The Bank of Greece considered that resolution measures were crucial to maintain depositors' confidence in the Greek banking system and thus to preserve financial stability.
ELA er en ekstraordinær foranstaltning, der sætter et solvent pengeinstitut, som står over for midlertidige likviditetsproblemer, i stand til at modtage finansiering fra Eurosystemet, uden at en sådan transaktion er en del af den fælles pengepolitik.
The Bank of Greece estimated that on 31 March 2013 the total amount of customer deposits in Probank amounted to approximately EUR 3123 million, of which only EUR 1998 million were guaranteed by the HDIGF.
Den rente, som et sådant pengeinstitut betaler for ELA, er […] basispoint højere end den rente, det betaler for den almindelige centralbankbaserede refinansiering.
Therefore, if Probank had been put into liquidation without the application of resolution measures, around EUR 1125 million of deposits would not have been covered.
Den græske nationalbank har ansvaret for ELA-programmet, hvilket betyder, at enhver omkostning og risiko ved tilvejebringelsen af likviditetsstøtte i en nødsituation bæres af den græske nationalbank [61].
For those financial stability considerations, the Bank of Greece proceeded with the auction of selected assets and liabilities of Probank, including deposits.
Pr. 31. januar 2012 havde banken fået 8,6 mia. EUR i statsgaranteret ELA [62], mens beløbet pr. 31. december 2012 var 30,9 mia. EUR [63] i statsgaranteret ELA.
The amount of those capital needs was estimated at EUR [180 to 280] million [56].
Støtteforanstaltninger bevilget til banken gennem stabilitetsfonden (foranstaltning B1, B2 og B3)
On 24 July 2013 another large Greek bank submitted a draft offer and on 25 July 2013 the Bank submitted its offer.
Siden 2012 har banken fået støtte fra flere af stabilitetsfondens kapitalforanstaltninger.
The bids of both banks were based on the understanding that the HFSF would cover both the funding gap and the capital needs created by the transferred assets.
Tabel 7 giver et overblik over disse støtteforanstaltninger.
The Bank of Greece decided to transfer the assets and liabilities of Probank to the Bank, whose offer was considered to be the preferred one.
Tabel 7
Customer loans (other than the loans permanently in arrears) and most cash balances, as well as intangible assets and goodwill, property rights, contracts related to the lease or purchase of property, interbank liabilities and customer deposits were transferred to the Bank.
Kapitalstøtteforanstaltninger bevilget til banken gennem stabilitetsfonden
According to the initial assessment of the Bank of Greece at the time of the resolution [57], the value of the liabilities transferred from Probank to the Bank was estimated at EUR 3198,9 million while the value of the transferred assets was estimated at EUR 2961,4 million, the difference being the funding gap of EUR 237,6 million.
Første bro-rekapitalisering — maj 2012 (mio. EUR) Anden bro-rekapitalisering — dec.
The funding gap was covered pursuant to Article 63D(13) of law 3601/2007 by the HFSF, which on 9 August 2013, disbursed in cash two-thirds of the estimated funding gap, meaning EUR 158,4 million.
Beløb
Aid measures granted to the Bank under the Greek Banks Support Scheme (measures L1 and A)
(mio. EUR)
The Bank obtained several forms of aid under the recapitalisation measure, the guarantee measure and the government bond loan measure of the Greek Banks Support Scheme.
Første bro-rekapitalisering (foranstaltning B1)
State liquidity support granted under the guarantee measure and the government bond loan measures (measure L1)
Betragtning 14-33 i NBG-indledningsafgørelsen rummer en detaljeret beskrivelse af den første bro-rekapitalisering fra maj [64] 2012 (foranstaltning B1).
The Bank has benefited and continues to benefit from aid under the guarantee measure and the government bond loan measures.
Baggrunden for og de primære træk ved denne foranstaltning beskrives i dette afsnit.
That aid will be described in this Decision as ‘measure L1’.
Den 20. april 2012 gav stabilitetsfonden banken et brev om, at den forpligtede sig til at deltage i bankens planlagte aktiekapitalforhøjelse med et beløb på op til 6,9 mia. EUR.
As of 30 November 2013 [60], the guarantees granted to the Bank amounted to around EUR 14,8 billion.
I henhold til foranstaltning B1 overførte stabilitetsfonden 7,4 mia. EUR i EFSF-obligationer til banken den 28. maj 2012 i overensstemmelse med bestemmelserne om bro-rekapitaliseringer i lov 3864/2010 om oprettelse af stabilitetsfonden (herefter »loven om stabilitetsfonden«).
At that date, the outstanding loans of government bonds to the Bank amounted to EUR 847 million.