natgillin/translations-raw huggingface dataset:
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.
Seega ei ole seda vaja 2008. aasta pangandusteatise alusel uuesti hinnata ja piisab selle hindamisest ümberkorraldamisteatise alusel.
Section A.
Riigi tagatud erakorralise likviidsusabi (meede L2) siseturuga kokkusobivust tuleks kõigepealt hinnata 2008. aasta pangandusteatise ja 2011. aasta pikendusteatise alusel.
Setting up an efficient and adequate internal organisation
Pärast 1. augustit 2013 eraldatud riigi tagatud erakorraline likviidsusabi kuulub 2013. aasta pangandusteatise reguleerimisalasse.
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.
Kreeka finantsstabiilsuse fondi rekapitaliseerimiste (meetmed B1, B2, B3 ja B4) ning eeskätt tasu kokkusobivust siseturuga tuleks esmalt hinnata 2008. aasta pangandusteatise, rekapitaliseerimisteatise ja 2011. aasta pikendusteatise alusel.
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.
Alpha uurimise algatamise otsuses väljendas komisjon kahtlust meetme B1 kokkusobivuse suhtes nimetatud teatistega.
More extensive powers, which would allow improper influence on management, shall be rescinded.
Kuna need meetmed võeti enne 31. juulit 2013, ei kuulu need 2013. aasta pangandusteatise reguleerimisalasse.
Responsibility for day-to-day operational management shall clearly rest with the executive Directors of the Bank.
Kreeka finantsstabiilsuse fondi rekapitaliseerimiste (meetmed B1, B2, B3 ja B4) siseturuga kokkusobivust tuleks hinnata ka ümberkorraldamisteatise alusel.
The Bank, excluding its foreign subsidiaries, shall comply at all times with the Hellenic Financial Stability Fund (the ‘HFSF’) Relationship Framework.
Nende kahe kogusumma erinevus on suurem kui 2011. aasta pikendusteatises nõutav tagatistasu.
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.
Seega võib riigi nõutud tasu kogusummat pidada piisavaks.
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.
Seega on meede L2 kooskõlas 2008. aasta pangandusteatise ja 2011. aasta pikendusteatisega.
An Audit Committee and a Risk Committee — created within the Board of Directors — shall assess all issues raised by those respective departments.
Pidades silmas, et 2013. aasta pangandusteatis ei sisalda uusi nõudeid tagatiste kohta, on meede L2 kooskõlas ka selle teatisega.
An adequate Internal Audit Charter and Risk Management Charter shall specify the roles, responsibilities and resources of those departments.
Peale selle väljastas Kreeka finantsstabiilsuse fond ostutähed ning kõik 2013. aasta kevadises rekapitaliseerimises osalenud erainvestorid said iga uue märgitud aktsia kohta ühe ostutähe.
Those charters shall comply with international standards and secure a full independence to the departments.
Need ostutähed anti tasuta.
A Credit Policy shall provide guidance and instructions regarding the granting of loans, including the pricing of loans and the restructuring of loans.
2012. aasta alguses väliskonsultandi koostatud hinnangust lähtudes leidis Kreeka keskpank, et üksinda ei ole Emporiki pank elujõuline.
The Bank shall make public to the competent authorities the list of shareholders holding at least 1 % of ordinary shares.
See tootis äriühingule Crédit Agricole olulist kahjumit, mistõttu otsustati müügi kasuks.
Section B.
2017. aastaks langevad panga kogukulud 2013. aasta näitajatega võrreldes veel […] %.
Commercial practices and risk monitoring
Komisjoni arvates säilitatakse ümberkorralduskavaga panga tõhusus uues turukeskkonnas.
General principles
Veel üks oluline valdkond on viivislaenud, mis 31. detsembri 2013. aasta seisuga moodustasid laenuportfellist 32,4 % [110].
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.
Pank kavatseb täiendada oma krediidipoliitikat (limiidid, tagatus) ning keskenduda kahjumi minimeerimiseks põhitegevusele.
The Credit Policy defines the thresholds above which the granting of loans must be approved by higher levels of management.
Selles võetakse arvesse pikemat ja raskemat majanduslangust ning ka kinnisvarahindade suuremat deflatsiooni [112].
Similar thresholds shall be defined regarding the restructuring of loans and the handling of claims and litigations.
Ümberkorralduskava kohaselt suudab pank taluda mõistlikul määral raskusi, kuna ka ebasoodsas stsenaariumis on pank ümberkorraldusperioodi lõpus kasumlik ja hästi kapitaliseeritud.
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.
2014. aastal hangitud lisakapital summas 1,2 miljardit eurot on piisav, et tulla toime 2013. aasta stressitesti kohase baasstsenaariumi tingimustega ümberkorraldusperioodil ning lunastada eelisaktsiad (pank lunastas need 2014. aasta aprillis) [113].
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.
Pank esitab Kreeka keskpangale ka tingimusliku kapitaliplaani koos meetmetega, mida rakendatakse siis, kui majanduskeskkond peaks veelgi halvenema.
Specific provisions
Pank müüs oma kindlustusharu 2007. aastal.
The Credit Policy shall require that the pricing of loans and mortgages to comply with strict guidelines.
Nii vähenevad panga kulud 2017. aastani veelgi.
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.
Vähendatakse töötajate arvu ning palkasid.
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.
Panga kauaaegsete aktsionäride osalus vähenes pärast eelisostuemissiooni 2009. aastal, [115] Kreeka finantsstabiilsuse fondi võimaldatud rekapitaliseerimist (meede B4) 2013. aastal ja erakapitali kaasamist 2014. aasta märtsis.
Any exception must be duly authorised by the Credit Committee, or at lower level of authority when allowed by the Credit Policy.
Näiteks oli panga aktsionäride (kelle hulka tol ajal kuulusid 2009. aastal investeerinud investorid) osalus enne 2013. aasta kevadist rekapitaliseerimist 100 %, kuid pärast seda vaid 4,9 %.
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.
Lisaks tuleb arvesse võtta, et pangal on Kreekas suur turuosa, hõlmates 31. detsembri 2012. aasta seisuga laenude puhul 15 % turust ja hoiuste puhul 13 % turust.
Infringements of that pricing policy shall be reported to the Monitoring Trustee.
Panga turuosa suurendasid Emporiki panga omandamine ning kolme ühistupanga hoiuste ja Citibanki Kreeka haru omandamine, kuigi kahe viimase puhul tunduvalt väiksemal määral.
The Risk Management Department shall be responsible for the assessment of credit risk and the valuation of collateral.
38 Diners Club International on krediitkaardiettevõte, mis asutati 1950. aastal ning Kreekas 1959. aastal.
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.
Diners Clubi Kreeka haru kuulub Citibank Internationalile ja äriühingule Citibank Overseas Investment Corporation.
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).
Näiteks 10. detsembril 2013 oli märkimishind 0,4488, 10. juunil 2014 on see 0,4576, 10. detsembril 2014 on see 0,4686, 10. juunil 2015 on see 0,4796 jne.
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.
Vt Alpha panga 10. juuni 2013. aasta teatis „Final Terms of Listing and Characteristics of the Titles representing shares ownership rights (Warrants) that resulted from the concluded share capital increase” (Lõplikud noteerimistingimused ning aktsiakapitali suurendamisega seotud aktsiate ostuõigust tõendavate dokumentide (ostutähtede) omadused), internetis kättesaadav: http://www.alpha.gr/files/investorrelations/1306010_Warrants_en.pdf.
Granting loans [2] to enable borrowers to purchase shares or hybrid instruments of the Bank and other banks [3] shall be prohibited, whoever are those borrowers [4].
Kreeka Vabariik (edaspidi „Kreeka”) tagab, et Alpha pank (edaspidi „pank”) rakendab 2014. aasta juunis esitatud ümberkorralduskava.
This provision shall apply and shall be monitored at the Bank’s level.
Kava põhineb Euroopa Komisjoni (edaspidi „komisjon”) liites esitatud makromajanduslikel eeldustel ja ka reguleerimisega seotud eeldustel.
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.
Ümberkorraldusperiood lõpeb 31. detsembril 2018.
In emergency cases, that period may be reduced to […] working days provided sufficient information has been provided to the Monitoring Trustee.
Kohustused kehtivad kogu ümberkorraldusperioodi jooksul, kui konkreetses kohustuses ei ole sätestatud teisiti.
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.
Laenude ja hoiuste suhtarv Kreekas: Kreeka pangandustegevuse puhul moodustab puhaslaenude ja hoiuste suhtarv 31. detsembriks 2017 maksimaalselt 119 %.
The Credit Policy shall give clear instructions on the restructuring of loans.
2013. aasta mais teatas pank, et lõpetas edukalt eelisostuemissiooni summas 457,1 miljonit eurot ning jaotas täiendava 92,9 miljoni euro suuruse suunatud pakkumise kõik aktsiad.
It clearly defines which loans are eligible, under which circumstances, and indicates the terms and conditions that can be proposed to eligible customers.
3. juunil 2013 konverteeris finantsstabiilsuse fond esimese ja teise rekapitaliseerimise omakapitaliks ning pangale eraldati täiendavat kapitali summas 1079 miljonit eurot (edaspidi „2013. aasta kevadine rekapitaliseerimine”).
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.
Kuna aga kõnealused ostutähed olid väga olulised eelisostuemissiooni ja suunatud pakkumise õnnestumises, mille pank enne 2013. aasta kevadist rekapitaliseerimist käivitas, järeldab komisjon, et need võimaldasid pangal vähendada abisummat 550 miljoni euro võrra.
In no case the restructuring policy will jeopardise the future profitability of the Bank.
Pidades silmas panga madalat kapitali adekvaatsuse määra enne rekapitaliseerimist ning ülimalt ebakindlat olukorda tol ajal, osutasid toona kättesaadavad prognoosid tõepoolest sellele, et ilma ostutähtedeta ei oleks erainvestorid teeninud piisavat tulu ning ei oleks osalenud.
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.
Kreeka keskpanga hinnangul [35] moodustas ülekantud varade õiglane väärtus ligikaudu 6 miljonit eurot ning ülekantud kohustuste õiglane väärtus samal ajal 255 miljonit eurot, kusjuures nende vahe tähistab 249 miljoni euro suurust likviidsuspuudujääki [36].
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.
Likviidsuspuudujäägi kattis finantsstabiilsuse fond seaduse nr 3601/2007 artikli 63D lõike 13 alusel.
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.
16. juunil 2014 tegi Kreeka keskpank kindlaks, et Dodekaneeside panga lõplik likviidsuspuudujääk moodustab 258,5 miljonit eurot.
Any breach in the implementation of that policy shall be reported to the Monitoring Trustee.
Finantsstabiilsuse fond katab likviidsuspuudujäägi katmata osa.
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.
Kreeka keskpanga hinnangul [39] moodustas ülekantud varade õiglane väärtus ligikaudu 2 miljonit eurot ning ülekantud kohustuste õiglane väärtus samal ajal 98 miljonit eurot, kusjuures nende vahe tähistab 96 miljoni euro suurust likviidsuspuudujääki.
The Monitoring Trustee shall be given access to that information.
Likviidsuspuudujäägi kattis finantsstabiilsuse fond seaduse nr 3601/2007 artikli 63D lõike 13 alusel.
Provisions applying to connected borrowers
16. juunil 2014 tegi Kreeka keskpank kindlaks, et Evia panga lõplik likviidsuspuudujääk moodustab 105 miljonit eurot.
All the provisions applying on connected borrowers shall apply at the Bank’s level.
Kreeka keskpanga hinnangul [42] moodustas ülekantud varade õiglane väärtus ligikaudu 2 miljonit eurot ning ülekantud kohustuste õiglane väärtus samal ajal 84 miljonit eurot, kusjuures nende vahe tähistab 82 miljoni euro suurust likviidsuspuudujääki.
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.
Rahvusvaheliste varade summat kavatsetakse vähendada […] miljardile eurole.
By extension, any public institution or government-controlled organisation, any public company or government agency shall be considered as a connected borrower.
Selle eesmärgi saavutamiseks kaalub pank oma portfellis investeeringutest väljumise või finantsvõimenduse vähendamisega seotud eri võimalusi.
Political parties shall also be treated as connected borrowers in the Credit Policy.
Osaluse koondnäitaja oli 66 % ning üldine kapitalikasum 333 miljonit eurot.
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.
19. aprillil 2013 teatas pank järjekordsest kohustuste juhtimise toimingust lunastamata nominaalsummas 316 miljonit eurot.
The definition of connected borrowers has been further specified in a separate document.
Pank tegi esimese taseme ning kõrgema ja madalama teise taseme omavahendite koosseisu kuuluvate väärtpaberite tagasiostu pakkumise hindadega, mis moodustasid 35 %, 55 % ja 55 % nende vastavast rahalisest nimiväärtusest.
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.
Tagasiostuhind määrati kindlaks instrumentide turuväärtuse alusel ning see sisaldas maksimaalselt 10 % suurust lisatasu, et motiveerida investoreid tagasiostutehingus osalema.
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).
Nagu on osutatud punktis 7.1.3.4, tehti 2012. aasta detsembris kohustuste võtmise kinnitusega (meede B3) hõlmatud summast tegelik kapitalisüst (meede B4) ainult teatavas summas.
The Bank shall monitor separately its exposure to connected borrowers including the public sector entities and political parties.
Selle eesmärgi saavutamiseks on Kreeka ametiasutused lubanud, et pank vähendab Kreekas 31. detsembriks 2017 oma filiaalide arvu […] võrra ning töötajate arvu […] võrra ning et Kreeka tegevuse kogukulud moodustavad maksimaalselt [109] […] miljonit eurot.
That Commitment shall be complied with separately for each type of connected borrower (employees, shareholder, managers, public entities, political party).
Välismaistele tütarettevõtjatele antav toetus: pank ei anna ühelegi välismaisele tütarettevõtjale kumulatiivselt alates otsuse jõustumiskuupäevast kuni 30. juunini 2018 täiendavat omakapitali või allutatud kapitali summas, mis ületab i) […] % vastava tütarettevõtja riskiga kaalutud varast 31. detsembri 2012. aasta seisuga või ii) […] miljonit eurot.
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.
Kui pank kavatseb eraldada mõnele tütarettevõtjale kapitali või allutatud võlainstrumente summas, mis ületab seda taset, peab ta pöörduma Kreeka ametiasutuste poole, et taotleda komisjoni otsust ümberkorralduskava muutmiseks.
That obligation does not apply to existing general schemes benefiting employees, offering them subsidised loans.
Kreeka rahvuspank
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.
Kreeka rahvuspank [20]
The credit criteria applied to employees/managers/shareholders shall be no less strict than those applied to other, non-connected borrowers.
Pank osales erasektori osaluse programmis, vahetades Kreeka riigivõlakirju ja riigiga seotud laene nominaalsummas 6043 miljonit eurot.
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.
Erasektori osaluse programmi kulud olid panga jaoks kokku 4786 miljonit eurot enne maksude mahaarvamist ning need kirjendati täielikult 2011. aasta raamatupidamisaruandes [23].
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.
Pank osales erasektori osaluse programmis, vahetades Kreeka riigivõlakirju ja muid aktsepteeritud väärtpabereid nominaalsummas 766 miljonit eurot.
The restructuring of loans involving connected borrowers shall comply with the same requirements as for non-connected borrowers.
Nagu on osutatud tabelis 2, moodustasid Emporiki erasektori osaluse programmiga seotud kulud kokku umbes 590 miljonit eurot enne maksude mahaarvamist ning need kirjendati täielikult 2011. aasta raamatupidamisaruandes.
Furthermore, established frameworks and policies to deal with troubled assets shall be assessed and improved, if necessary.
30. novembri 2011. aasta seisuga oli pank saanud tagatisi kokku umbes 14,0 miljardi euro ulatuses.
However, it is expected that restructured loans of connected borrowers shall be reported separately, at least per loan asset class and connected borrower type.
30. septembri 2011. aasta seisuga oli pank saanud riigivõlakirju summas 1,6 miljardit eurot [46].
Section C:
Nagu märgiti juba punktis 2.2.2, moodustas Dodekaneeside panga, Evia panga ja Lääne-Makedoonia panga likviidsuspuudujääk hinnanguliselt vastavalt 249 miljonit eurot, 96 miljonit eurot ja 82 miljonit eurot.
Other restrictions
Kolme ühistupanga likviidsuspuudujääk oli seega hinnanguliselt kokku 427 miljonit eurot.
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.
Esimene ja teine ajutine rekapitaliseerimine ning kohustuste võtmise kinnitus hõlmasid kokku 4571 miljonit eurot.
The Bank shall not release reserves to put itself in such a position.
Asjaomane summa moodustab 10,3 % panga riskiga kaalutud varast seisuga 31. märts 2012 [95].
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;
2013. aasta omakapitali arvnäitajad hõlmavad täies ulatuses finantsstabiilsuse fondi ja erainvestorite poolset rekapitaliseerimist 2012. ja 2013. aastal kogusummas 4571 miljonit eurot.
The Bank shall not buy back hybrid capital instruments.
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