natgillin/translations-raw huggingface dataset:
COMMITMENTS ON CORPORATE GOVERNANCE AND COMMERCIAL OPERATIONS– PROLONGATION AND AMENDMENTS
Hoolimata sellest keelust võib pank pärast komisjonilt nõusoleku saamist ja vajaduse korral HFSFi ettepanekul omandada ettevõtjaid, kui see kujutab endast erakordset asjaolu, mis on vajalik finantsstabiilsuse taastamiseks või tõhusa konkurentsi tagamiseks.
The Bank shall continue to implement the Commitments on Corporate Governance and Commercial Operations, as submitted by the Hellenic Republic on 20 November 2012, with the subsequent amendments provided in Chapter III of the Commitments, until 30 June 2018. […]
Komisjoni eelnevat heakskiitu mittevajav erand.
In case an individual Commitment does not apply at the Bank's level, the Bank shall not use the subsidiaries or activities not covered by that individual Commitment to circumvent the Commitment.
Pank võib omandada ettevõtjas osaluse eeldusel, et:
Section A.
a. panga igasuguse omandamise eest makstav ostuhind jääb alla [[…] %] panga bilansimahust [10] kohustuste jõustumiskuupäeval; [11] ning
Setting up an efficient and adequate internal organisation
b. panga igasuguste alates kohustuste jõustumiskuupäevast kuni ümberkorralduskava lõpuni teostatud omandamiste eest makstavad kumulatiivsed ostuhinnad jäävad alla [[…] %] panga bilansimahust kohustuste jõustumiskuupäeval.
The Bank, excluding its foreign subsidiaries, shall abide at all times with the totality of the provisions of law 3016/2002 on Corporate Governance and law 2190/1920 on the Sociétés Anonymes and especially the provisions in connection to the functions of corporate bodies such as the shareholders' meeting and Board of Directors in order to secure a clear distribution of responsibilities and transparency.
Omandamiskeeluga hõlmamata tegevus.
The powers of the shareholders' meeting shall be restricted to the tasks of a general meeting in line with company law, in particular as regards rights related to information.
Omandamiskeeld ei hõlma tavapärase pangandustegevuse käigus raskustes ettevõtjate vastu suunatud nõudeid hallates toimuvaid omandamisi.
More extensive powers, which would allow improper influence on management, shall be rescinded.
Reklaamikeeld
Responsibility for day-to-day operational management shall clearly rest with the executive Directors of the Bank.
Kreeka Vabariik võtab kohustuse, et pank hoidub riigiabile viitavast reklaamist ja igasuguste selliste agressiivsete äristrateegiate kasutamisest, mis ilma Kreeka Vabariigi toetuseta ei toimuks.
The Bank, excluding its foreign subsidiaries, shall comply at all times with the Hellenic Financial Stability Fund (the ‘HFSF’) Relationship Framework.
IV PEATÜKK.
The Bank shall abide by the provisions of Governor's Act 2577/9.3.2006, as in force, in order to maintain, on an individual and a group basis, an effective organisational structure and an adequate Internal Control System including the three key pillars, namely the Internal Audit, Risk Management and Compliance functions and best international corporate governance practices.
JÄRELEVALVE EEST VASTUTAV USALDUSISIK
The Bank shall have an efficient organisational structure, so as to ensure that the Internal Audit and the Risk Management departments are fully independent from commercial networks and report directly to the Board of Directors.
Kreeka Vabariik võtab kohustuse, et pank muudab ja pikendab komisjoni heakskiidetud ja panga poolt 16. jaanuaril 2013 ametisse nimetatud järelevalve eest vastutava usaldusisiku volitusi kuni ümberkorraldusperioodi lõpuni.
An Audit Committee and a Risk Committee– created within the Board of Directors– shall assess all issues raised by those respective departments.
Pank avardab ka kõnealuste volituste reguleerimisala, lisades sinna i) ümberkorralduskava ja ii) kõik käesolevas nimekirjas sätestatud kohustused.
An adequate Internal Audit Charter and Risk Management Charter shall specify the roles, responsibilities and resources of those departments.
Neli nädalat pärast kohustuste jõustumise kuupäeva esitab Kreeka Vabariik komisjonile muudetud volituste lõppversiooni, kuhu on lisatud kõik sätted, mis on vajalikud selleks, et järelevalve eest vastutav usaldusisik saaks kõnealuste kohustuste raames oma ülesandeid täita.
Those charters shall comply with international standards and secure a full independence to the departments.
Järelevalve eest vastutavat usaldusisikut puudutavad täiendavad sätted on täpsustatud eraldi dokumendis.
A Credit Policy shall provide guidance and instructions regarding the granting of loans, including the pricing of loans and the restructuring of loans.
Peasekretär
The Bank shall make public to the competent authorities the list of shareholders holding at least 1 % of ordinary shares.
Nõukogu määrus (EÜ) nr 659/1999, 22. märts 1999, millega kehtestatakse üksikasjalikud eeskirjad Euroopa liidu toimimise lepingu artikli 108 kohaldamiseks (EÜT L 83, 27.3.1999, lk 1).
Section B.
See summa ei hõlma TEKE/Skelos Exygiansise (kriisilahenduskava) kulusid.
Commercial practices and risk monitoring
Seda ei kohaldata sellise kinnisvaramüügi suhtes, mille korral pank võib ostjat rahastada juhul, kui uue laenu võtmine on kooskõlas mõistlike laenuandmistavadega.
General principles
Vastavuse kontrollimiseks väljaspool Kreekat asuvatest varadest loobumise kohustusega võetakse arvesse kõiki uusi laene, mis on seotud väljaspool Kreekat asuvate varade määratlusega.
The Credit Policy shall specify that all customers shall be treated fairly through non-discriminatory procedures other than those related to credit risk and ability to pay.
Käesoleva kohustuse raames tõlgendatakse mõistet „laenud” selle laiemas tähenduses ehk igasuguse rahastamisena, näiteks krediidivõimalus, garantii jne.
The Credit Policy defines the thresholds above which the granting of loans must be approved by higher levels of management.
Selgituseks, „muud pangad” osutab igasugusele pangale või finantsasutusele kogu maailmas.
Similar thresholds shall be defined regarding the restructuring of loans and the handling of claims and litigations.
Selgituseks, käesolev kohustus hõlmab kõiki laenuvõtjaid, sealhulgas panga privaatpanganduskliente.
The Credit Policy shall centralise in selected centres the decision-making process at national level, and provide clear safeguards to ensure a consistent implementation of its instructions within all the Greek banking activities.
Selgituseks, uute laenude andmine hõlmab ka laenude pikendamist ja olemasolevate laenude ümberkorraldamist.
For all the Greek banking activities, the Bank shall fully incorporate the Credit Policy rules in their loan origination and loan refinancing workflow and disbursement systems.
Selgituseks, „aastas % eelmise aasta varust” osutab uutele laenudele kui protsendile eelmise aasta lõpu varudest.
Specific provisions
Riskiga kaalutud varade summa vastab aasta lõpu omale.
The specific provisions listed in paragraphs (8) to (18) of Chapter III of the Commitments shall apply to the Greek banking activities, unless explicitly stated otherwise
Selgituseks, kõnealuse kohustuse raames jäetakse kohustuse reguleerimisalast välja panga erakapital ja riskikapitaliettevõtjad.
The Credit Policy shall require that the pricing of loans and mortgages to comply with strict guidelines.
Sellega seoses esitab pank komisjonile ametliku taotluse, mis sisaldab nimetatud ettevõtja äriplaani.
Those guidelines shall include the obligation to respect strictly the credit policy's standard tables of interest rate bands (ranges) depending on the maturity of the loan, the credit risk assessment of the customer, the expected recoverability of pledged collateral (including the time frame to a potential liquidation), the overall relationship with the Bank (e.g. level and stability of deposits, fee structure and other cross-sales activities) and the funding cost of the Bank.
Selgituseks, selle kohustuse puhul võrdub bilansimaht panga koguvaradega.
Specific loan asset classes are generated (e.g. commercial loan, mortgage, secured/unsecured, etc.) and their pricing framework is tabulated to an appropriate Credit Policy table that shall be updated on a regular basis by the Credit Committee.
Selgituseks, kui komisjoni nõusolek omandamise keelu mahavõtmiseks saadakse kohustuste III peatüki punkti 28 alapunkti i alusel, siis arvutatakse panga kohustuste jõustumiskuupäeva bilansimahu sisse ka omandatud üksuse varad või omandamise kuupäeval omandatud varad.
Any exception must be duly authorised by the Credit Committee, or at lower level of authority when allowed by the Credit Policy.
I liide
Tailor-made transactions such as syndicated loans or project finance shall respect the same principles, with due account being taken of the fact that they may not fit in standardised credit policy tables.
KREEKA KODUMAISTE TEHINGUTE MAKROMAJANDUSLIKUD PROGNOOSID
Infringements of that pricing policy shall be reported to the Monitoring Trustee.
Aastane kasv, % (kui ei ole märgitud teisiti)
When assessing the loan quality, the Risk Management Department shall act independently, providing its written opinion so as to ensure that criteria used in the assessment are applied consistently over time and among customers and in respect of the Bank's credit policy.
Tegelik SKP
Regarding loans to individuals and legal entities, for all the Greek banking activities, on the basis of the best international practices, the Bank shall apply strict individual and aggregated limits governing the maximum loan amount that can be granted to a single credit risk (if at all allowed under Greek and EU law).
Nominaalne laenukasv Kreekas
Those limits shall take into account the maturity of the loan and the quality of any collateral/security provided and shall be set against key benchmarks including against capital.
SKP deflaator
Granting loans [4] to enable borrowers to purchase shares or hybrid instruments of the Bank and other banks [5] shall be prohibited, whoever are those borrowers [6].
Kinnisvarahinnad
This provision shall apply and shall be monitored at the Bank's level.
Leibkonna kasutada jääv nominaaltulu
All loan requests by non-connected borrowers greater than [[…] % of the Bank's RWA] or any loan which keeps the exposure to one group (defined as a group of connected borrowers that represent a single credit risk) higher than [[…] % of the Bank's RWA] shall be reported to the Monitoring Trustee, which may, if the conditions do not appear to be set at arm's-length or if no sufficient information has been provided to the Monitoring Trustee, postpone the granting of the credit line or the loan by […] working days.
Erasektori hoiused
In emergency cases, that period may be reduced to […] working days provided sufficient information has been provided to the Monitoring Trustee.
Töötus (%)
That period will enable the Monitoring Trustee to report the case to the Commission and the HFSF before any definitive decision is taken by the Bank.
EKP refinantseerimise määr (%)
The Credit Policy shall give clear instructions on the restructuring of loans.
Viivislaenude moodustamise kõrghetk
It clearly defines which loans are eligible, under which circumstances, and indicates the terms and conditions that can be proposed to eligible customers.
3 kuu Euribor (keskmine, %)
For all the Greek banking activities, the Bank shall ensure that all restructurings aim at enhancing the future recoveries by the Bank, thus safeguarding the interest of the Bank.
Juurdepääs kapitaliturgudele – repotehingud
In no case the restructuring policy will jeopardise the future profitability of the Bank.
JAH – ülempiirita
For that purpose, the Bank's Risk Management Department shall be responsible for developing and deploying adequate restructuring effectiveness reporting mechanisms, for performing in-depth analyses of internal and/or external best practices, reporting its findings at least on a quarterly basis to the Credit Committee and the Board Risk Committee, suggesting actionable improvements to the processes and policies involved and oversee and reporting on their implementation to the Credit Committee and the Board Risk Committee.
Juurdepääs kapitaliturule – tagatud/kõrgema nõudeõiguse järguga tagamata
For all the Greek banking activities, the Bank shall enact a claim and litigation policy aiming at maximising recovery and preventing any discrimination or preferential treatment in the management of litigations.
JAH – kuni 500 miljonit eurot/igaüks
The Bank shall ensure that all necessary actions are taken to maximise the recoveries for the Bank and protect its financial position in the long-term.
JAH – kuni 1 miljard eurot/igaüks
Any breach in the implementation of that policy shall be reported to the Monitoring Trustee.
Kreeka ametiasutused teatasid meetmest komisjonile 27. detsembril 2012.
The Bank shall monitor credit risk through a well-developed set of alerts and reports, which enable the Risk Management Department to: (i) identify early signals of loan impairment and default events; (ii) assess recoverability of the loan portfolio (including but not limited to alternative repayment sources such as co-debtors and guarantors as well as collateral pledged or available but not pledged); (iii) assess the overall exposure of the Bank on an individual customer or on a portfolio basis; and (iv) propose corrective and improvement actions to the Board of Directors as necessary.
Komisjon registreeris meetmed juhtumina SA.36007 (2013/NN).
The Monitoring Trustee shall be given access to that information.
29. juulil 2013 teatasid Kreeka ametiasutused komisjonile rahastamispuudujäägi katmisest kogusummas 238 miljonit eurot, nagu seda hindas Kreeka keskpank 31. märtsi 2013 andmete alusel.
Provisions applying to connected borrowers
Komisjon registreeris selle teate ja Kreeka ametiasutuste esitatud lisateabe juhtumina SA.37156 (2014/NN).
All the provisions applying on connected borrowers shall apply at the Bank's level.
Et Kreeka pankadel olid erasektori osaluse programmi ja jätkuva majanduslanguse tingimustes tohutud kapitali puudujäägid, eraldati 11. märtsil 2012 Kreeka valitsuse, Euroopa Liidu, Rahvusvahelise Valuutafondi (edaspidi „IMF”) ja Euroopa Keskpanga (edaspidi „EKP”) sõlmitud Kreeka teise kohandamisprogrammi majandus- ja rahanduspoliitika memorandumi alusel vahendeid nimetatud pankade rekapitaliseerimiseks.
Within the Credit Policy, a specific section shall be devoted to the rules governing relations with connected borrowers.
Kreeka ametiasutuste hinnangul moodustasid panga rekapitaliseerimise vajadused ja kriisilahenduse kulud nimetatud programmi raames kokku 50 miljardit eurot [17].
Connected borrowers include employees, shareholders, directors, managers, as well as their spouses, children and siblings and any legal entity directly or indirectly controlled by key-employees (i.e. employees involved in the decision-making process of the Credit Policy), shareholders, directors or managers or their spouses, children and siblings.
2013. aasta stressitesti raames koostatud kapitalivajaduste hinnangu põhikomponendid olid järgmised: i) pankade laenuportfellide krediidiriski prognoosid [24] konsolideeritud alusel Kreeka riski ja välismaise riski kohta, olemasolevad laenureservid (neto); ii) pankade prognoositav tegevuskasum ajavahemikul 2013. aasta juunist kuni 2016. aasta detsembrini, mis põhineb Kreeka keskpangale 2013. aasta neljandas kvartalis esitatud ümberkorralduskavade konservatiivsel korrigeerimisel.
By extension, any public institution or government-controlled organisation, any public company or government agency shall be considered as a connected borrower.
Tabelis 4 on esitatud kokkuvõte Kreeka suurimate pankade kapitalivajaduste arvutusest konsolideeritud alusel 2013. aasta stressitesti baasstsenaariumi kohaselt.
Political parties shall also be treated as connected borrowers in the Credit Policy.
Vastavalt tabelis 3 esitatud andmetele ei katnud meede B1 täielikult 2012. aasta stressitestiga kindlaks määratud kapitalivajadusi.
Particular focus shall be on decisions regarding any restructuring and write downs of loans to current or former employees, directors, shareholders, managers and their relatives as well as policies followed in the appropriateness, valuation, registration of liens and foreclosure of loan collateral.
Pank oli kavandanud suurendada kapitali tulevase kapitali suurendamise raames ning ajutise rekapitaliseerimise eesmärk oli üksnes säilitada panga abikõlblikkus EKP rahaliste vahendite saamiseks seni, kuni kapitali suurendamine aset leiab.
The definition of connected borrowers has been further specified in a separate document.
Esimene täitmistähtaeg oli 26. detsember 2013 ja seejärel on ostutähed kasutatavad iga kuue kuu järel kuni 26. detsembrini 2017.
The Risk Management Department shall be responsible for the mapping of all connected groups of borrowers that represent a single credit risk with a view to properly monitoring credit risk concentration.
Täitmishind on võrdne 4,29 euro suuruse märkimishinnaga, mida on suurendatud aastase intressimäära võrra (4 % esimeseks aastaks, 5 % teiseks aastaks, 6 % kolmandaks aastaks, 7 % neljandaks aastaks ja seejärel 8 % aastapõhiselt viimaseks kuueks kuuks) [73].
Regarding loans to individuals and legal entities, the Bank, on the basis of the best international practices, applies strict individual and aggregated limits governing the maximum loan amount that can be granted to a single credit risk which relates to connected borrowers (if at all allowed under Greek and EU law).
Kreeka puhul on panga jaoks kõige olulisem taastada ümberkorraldusperioodi lõpuks (31. detsember 2018) Kreeka pangatehingute kasumlikkus ja elujõulisus.
The Bank shall monitor separately its exposure to connected borrowers including the public sector entities and political parties.
Seepärast sisaldab ümberkorralduskava rida meetmeid, mille eesmärk on tõhustada panga tegevust ja tõsta netointressimarginaale, aga ka meetmeid selle kapitalipositsiooni ja bilansi ülesehituse parandamiseks.
The new production of loans [7] to connected borrowers (annual % of Y – 1 stock [8]) shall be no higher than the new production of the total loan portfolio in Greece (annual % of Y – 1 stock).
Eeldatakse, et kliendilaenude väärtus langeb alla […] % ajavahemikul 2014 kuni 2018, ja prognooside kohaselt on varade tootlus 2018. aastal […] %.
That Commitment shall be complied with separately for each type of connected borrower (employees, shareholder, managers, public entities, political party).
Finansbanki omakapitali investeeringute tulusus jääb kogu perioodi vältel kõrgeks.
The credit assessment of the connected borrowers, as well as the pricing conditions and possible restructuring offered to them, shall not be more advantageous compared to conditions offered to similar but unconnected borrowers, in order to secure a level-playing field in the Greek economy.
Nagu märgiti põhjenduses 109, läks pangal korda kaasata 1079 miljonit eurot erainvestorite kapitali ka 2013. aasta kevadise rekapitaliseerimisega.
That obligation does not apply to existing general schemes benefiting employees, offering them subsidised loans.
2013. aasta kevadine rekapitaliseerimine vähendas märkimisväärselt olemasolevate aktsionäride osalust, kelle hulka kuulusid ka need, kes osalesid kapitali suurendamises 2009. ja 2010. aastal: HFSF omandas 84,4 % panga aktsiatest ja uued investorid omandasid 10,5 % aktsiakapitalist, mistõttu olemasolevatele aktsionäridele jäi ainult 5,1 % suurune osalus.
The Bank shall report every month about the evolution of that exposure, the amount of the new production and the recent requests greater than [[…] % of the Bank's RWA] to be addressed at the Credit committee.
Peale selle lisas Kreeka keskpank, et erinevate kriisilahendusvõimaluste seast eelistab ta FB Banki kriisilahenduseks ostu- ja ühendamismenetlusi kooskõlas 2012. aasta detsembri Kreeka teise kohandamisprogrammi majandus- ja rahanduspoliitika memorandumiga.
The credit criteria applied to employees/managers/shareholders shall be no less strict than those applied to other, non-connected borrowers.
Kreeka keskpank leidis, et kõnealune menetlus lahendaks viivitamata ja kindlalt FB Banki probleemid.
If the total credit exposure to a single employee/manager/shareholder exceeds an amount equal to a [[…]] fixed salary for secured loans and an amount equal to a [[…]] fixed salary for unsecured loans, the exposure shall be reported promptly to the Monitoring Trustee who may intervene and postpone the granting of the loan pursuant to the procedure described in paragraph (25) of Chapter III of the Commitments.
See otsus oli ka kooskõlas 2012. aasta märtsi Kreeka teise kohandamisprogrammi majandus- ja rahanduspoliitika memorandumiga.
All loan requests by connected borrowers greater than [[…] % of the Bank's RWA] or any loan which keeps the exposure to one group (defined as a group of connected borrowers that represent a single credit risk) higher than [[…] % of the Bank's RWA] shall be reported to the Monitoring Trustee, which may, if the conditions do not appear to be set at arm's-length or if no sufficient information has been provided to the Monitoring Trustee, postpone the granting of the credit line or the loan by […] working days.
Peale selle leiab komisjon, et rahastamispuudujäägi lõplikku suurust hindasid väga hoolikalt Kreeka ametiasutused, kes võtsid arvesse vandeaudiitori koostatud hindamisaruannet.
The restructuring of loans involving connected borrowers shall comply with the same requirements as for non-connected borrowers.
Meede FB1 moodustab 3,25 % FB Banki riskiga kaalutud varast seisuga 31. detsember 2008.
Furthermore, established frameworks and policies to deal with troubled assets shall be assessed and improved, if necessary.
Meede FB4, FB Bankilt pangale üle antud rahastamispuudujäägi katmine, moodustab ligikaudu 33,44 % FB Banki riskiga kaalutud varast seisuga 31. märts 2013.
However, it is expected that restructured loans of connected borrowers shall be reported separately, at least per loan asset class and connected borrower type.
Meede FB5 moodustas määratluse kohaselt 9 % FB Bankilt pangale üle antud riskiga kaalutud varadest.
Section C:
Kõnealune otsus on kooskõlas 2013. aasta juuli Kreeka teise majandusliku kohandamisprogrammiga.
Other restrictions
Lisaks kohustus HFSF katma kapitalivajadused üksnes kuni 9 % ulatuses Kreeka keskpanga hinnatud üleantud varadest.
Dividend, Coupon, Repurchase, Call and Buy Back ban
Meede PB1 moodustas ligikaudu 21,15 % Probanki riskiga kaalutud varast seisuga 30. juuni 2013.
Unless the Commission otherwise agrees to an exemption, the Hellenic Republic commits that:
Meede PB2 moodustas määratluse kohaselt kuni […] % Probanki poolt üle antud varadest.
The Bank shall not pay any coupons on hybrid capital instruments (or any other instruments for which the coupon payment is discretionary) or dividends on own funds instruments and subordinated debt instruments other than where there is a legal obligation to do so.
Meetmeid B1, B2 ja B3 kohaldati ühe aasta jooksul ajavahemikul 2012. aasta aprillist [131] kuni 2013. aasta maini.
[…] The Bank shall not release reserves to put itself in such a position.
Sel ajal muutus panga riskiga kaalutud vara.
In case of doubt as to whether, for the purpose of the present Commitment, a legal obligation exists, the Bank shall submit the proposed coupon or dividend payment to the Commission for approval;
Teiste sõnadega, kapitalivajadused, mida kõnealuste riigiabimeetmetega püüti leevendada, olid olemas juba märtsis 2012.
The Bank shall not repurchase any of its own shares or exercise a call option in respect of those own funds instruments and subordinated debt instruments;
Seega leiab komisjon, et meetmetes B1, B2 ja B3 sisalduvat abisummat tuleb võrrelda panga riskiga kaalutud varaga seisuga 31. märts 2012.
The Bank shall not buy back hybrid capital instruments.
Seejuures tuletatakse meelde, et alates 2012. aasta märtsist kuni 2013. aasta kevadise rekapitaliseerimiseni ei võtnud Kreeka keskpank arvesse Kreeka pankade poolt kapitalivajaduste üles- või allapoole korrigeerimiseks läbi viidud omandamisi.
Acquisition ban
2009. aasta eelisaktsiate vormis rekapitaliseerimine (meede A) toimus 2008. aasta pangandusteatise alusel samal aastal heaks kiidetud Kreeka pankade toetuskava rekapitaliseerimismeetme raames.