natgillin/translations-raw huggingface dataset:
If the bank subsequently wishes to achieve a higher core‐capital ratio, then it must do so via suitable changes to the risk assets, by building up reserves through its own efforts or by borrowing further funds on the market at the time of or following privatisation.
Če bo želela banka v prihodnje doseči večjo stopnjo temeljnega kapitala, bo morala to doseči z ustreznimi spremembami tvegane aktive oz. z vzpostavitvijo rezerv iz lastne moči, ali pa po privatizaciji z najemanjem dodatnih lastnih sredstev na trgu.
To sum up, the Commission, in line with Mazars’ findings, proceeds on the assumption that the bank will, in its own well-understood business interests, make every effort in the long term to reach a core‐capital ratio which results in a satisfactory rating from its point of view.
Povzeti je mogoče, da Komisija, v skladu z revizijsko družbo Mazars, izhaja iz tega, da bo banka iz svojega poslovnega interesa, ki ga dobro razume, dolgoročno naredila vse v njenih močeh za dosego stopnje temeljnega kapitala, ki bi ji prinesel zadovoljiv rating.
According to the bank, this is at least 7 %.
Po navedbah banke znaša stopnja najmanj 7 %.
The bank has almost three years before the end of the restructuring period in 2006 in which to raise the core‐capital ratio through its own efforts from [...]* % to 7 % or more.
Za povišanje stopnje temeljnega kapitala iz [...]* % na 7 % ali več iz lastne moči ima banka do konca obdobja prestrukturiranja v letu 2006 na voljo skoraj tri leta.
The Commission considers the aim of successfully implementing the relevant measures so as to further increase the core‐capital ratio within this period to be realistic.
Komisija meni, da je uspešna uresničitev zadevnih ukrepov za povišanje stopnje temeljnega kapitala v tem časovnem obdobju realna.
Quantification and probabilities of the existing risks being realised and analysis of the risk provisioning
Številčno ovrednotenje in verjetnost uresničitve obstoječih tveganj in analiza rezervacij za tveganja
Since the Commission was unable in the spring of 2003 to allay, on the basis of its own analysis, the remaining doubts as to the bank’s viability raised by the failure of the privatisation process and the strongly negative aggregate result for 2002 and since a suitable, effective insulation of the credit risks existing above all in the real estate financing field was, according to Germany, impossible to achieve without further aid, the Commission made sure with the help of independent experts that, apart from a few points, the bank had made adequate provision for the existing risks and had built up suitable reserves.
Ker na osnovi izvedene lastne analize Komisija spomladi leta 2003 ni mogla odpraviti preostalih dvomov o življenjski sposobnosti banke, ki so se porodili zaradi neuspelega postopka privatizacije in močno negativnega skupnega rezultata iz leta 2002 oz. ko se je zdelo, da ustrezno učinkovita izolacija kreditnih tveganj iz dejavnosti financiranja nepremičnin po navedbah Nemčije ni izvedljiva brez dodatne pomoči, se je Komisija z neodvisnimi izvedenci prepričala, da je banka z izjemo nekaterih točk ustrezno ukrepala v zvezi z obstoječimi tveganji in tvorila ustrezne rezervacije.
With respect to these points, the Commission’s advisers Mazars recommended measures to amend the restructuring plan as submitted to the Commission in the summer of 2003.
Svetovalci Komisije, revizijska družba Mazars, so predlagali ustrezne ukrepe k tem točkam za prilagoditev načrta prestrukturiranja, predloženega Komisiji poleti leta 2003.
At the Commission’s instigation, these were incorporated by the bank and the revised restructuring plan was communicated to the Commission on 29 January 2004.
Na pobudo Komisije je banka ukrepe vključila, predelan načrt prestrukturiranja pa je Komisija prejela 29. januarja 2004.
Risks arising out of lending transactions
Tveganja iz kreditnih poslov
Otherwise, the level of risk provisioning was to be regarded as adequate.
Sicer so bile rezervacije za tveganja ocenjene kot ustrezne.
However, the failure of a single large loan might lead to the risk provisioning being exceeded.
Sicer bi izpad enega samega velikega kredita lahko povzročil prekoračitev rezervacij za tveganja.
This is especially relevant for project financing in the fields of air transport, energy and telecommunications.
To je še zlasti pomembno za projektno financiranje na področju zračne plovbe, energije in telekomunikacij.
The worst-case scenario makes an additional risk provision for this of EUR [...]*.
Najslabši scenarij tako dodatno upošteva [...]* EUR rezervacij za tveganja.
In view of the fairly sizeable stock of large loans, the Commission, in line with Mazars’ findings, is aware that exceeding the risks provided for is theoretically possible in the event of the failure of a large loan amounting to at least EUR [...]*. If specific, previously absent signs of such a failure were to appear, the bank would have to increase its level of risk provisioning accordingly.
Glede na dokaj visok portfelj velikih kreditov se Komisija zaveda, enako pa je potrdila tudi revizijska družba Mazars, da lahko v primeru izpada velikega kredita, načeloma pride do prekoračitve kritih tveganj za najmanj [...]* EUR. Če bi se izkazali konkretni, doslej neobstoječi znaki takega izpada, bi morala banka ustrezno povečati rezervacije za tveganja.
The Commission, in the light of Mazars’ findings, concludes that the bank would be able to take such a measure unaided.
V smislu analize, ki jo je izvedla revizijska družba Mazars, Komisija izhaja iz tega, da bo lahko banka sprejela ustrezne ukrepe iz lastne moči.
Following the improvement of the restructuring plan through the incorporation of the measures proposed by the Commission’s advisers Mazars, the Commission regards the level of provisioning for the known risks as adequate.
Po medtem izboljšanem načrtu prestrukturiranja z vključitvijo ukrepov, ki so jih Komisiji predlagali svetovalci revizijske družbe Mazars, Komisija označuje rezervacije za znana tveganja kot ustrezne.
It notes with satisfaction that the bank’s management has taken altogether appropriate measures to build up a suitable risk control system.
Komisija k temu še pozitivno pripominja, da je uprava banke v celoti pravilno ukrepala, ko se je odločila za izgradnjo lastnega sistema nadziranja tveganj.
The structure is well on the way to, but has not yet reached, completion.
Izgradnja sistema je na dobri poti, vendar še ni dokončana.
The Commission trusts that, in its own well-understood interests, the bank will continue this process with as much determination as in the past.
Komisija tako verjame, da bo banka iz razumljivega lastnega interesa postopek izgradnje nadaljevala prav tako odločno, kot doslej.
It is aware that the bank’s future profitability depends to a considerable extent on further economic development above all in Berlin and the five new Länder.
Komisija se zaveda, da je prihodnja donosnost banke v veliki meri odvisna od nadaljnjega gospodarskega razvoja, zlasti v Berlinu in v petih novih deželah.
In the Commission’s opinion, these risks are, however, not tangible when viewed from the current perspective and affect every firm in the region differently.
Vendar teh tveganj po stališču Komisije iz današnjega vidika ni mogoče zanesljivo zajeti. V različnem obsegu so prizadeta vsa podjetja, dejavna v tej regiji.
The Commission takes the view that the measures contained in the restructuring plan, which certainly point in the right direction, suffice.
Komisija je mnenja, da ukrepi, zajeti v načrt prestrukturiranja, gotovo pravilno usmerjeni, zadoščajo.
Absolute certainty is, of course, never attainable in the economic sphere.
Absolutne varnosti v gospodarskem postopku seveda ni mogoče doseči.
Risks arising out of capital market transactions
Tveganja iz poslov na trgu kapitala
During the restructuring period, the bank’s capital market transactions account for some [...]* % of the operating result.
Bančni posli na trgu kapitala prispevajo v obdobju prestrukturiranja približno [...]* % poslovnega izida.
This shows that these transactions are essential to the bank’s profitability.
To kaže, da so bistvenega pomena za rentabilnost banke.
Obviously, the risks inherent in such transactions must be kept properly under control in the interests of the bank’s viability.
Očitno je, da je treba v interesu življenjske sposobnosti banke inherentna tveganja, povezana s to dejavnostjo, ustrezno nadzirati.
This is being done firstly by shifting the emphasis from own-account business to customer-related activities.
To je na eni strani mogoče s spreminjanjem težišča dejavnosti iz lastnega trgovanja na dejavnosti strank.
The bank’s risk positions are being reduced in this connection by [...]* between 2002 and 2006, while average earnings of EUR [...]* are being aimed at. The second way in which it is being done is by a risk management system that the Commission’s advisers, on the basis of their investigations, regard as being entirely adequate.
Tvegane postavke banke se bodo v zvezi s tem od leta 2002 do leta 2006 [...]* zmanjšale, banka pa si prizadeva za povprečni donos v višini [...]* EUR. Na drugi strani se tveganja nadzirajo s sistemom za upravljanje tveganj, ki ga svetovalci Komisije na osnovi svojih raziskav označujejo kot v celoti ustrezen.
They advise, however, that the bank’s dependence on interest‐rate changes should be lessened by reducing the positions in the bank book.
Vendar svetujejo, da se odvisnost banke od obrestnih sprememb zmanjša z znižanjem postavk v hranilnih knjižicah.
Bearing in mind this recommendation, the Commission thus considers the risks arising out of capital market transactions to be manageable and regards the buoyancy of this business area as guaranteed.
Ob upoštevanju teh priporočil Komisija meni, da so tveganja iz poslov na trgu kapitala obvladljiva in gleda na donosnost tega področja poslovanja kot na zagotovljeno.
Risks arising out of the valuation of BGB’s holding in BerlinHyp
Tveganja iz ocenitve udeležbe BGB v BerlinHyp
The Commission’s advisers Mazars have discussed thoroughly the question of the risks arising out of the valuation of BGB’s holding in BerlinHyp.
Svetovalci Komisije, revizijska družba Mazars, so temeljito proučili težave, povezane s tveganji iz ocenitve udeležbe BGB v BerlinHyp.
The book value of the holding in BerlinHyp is EUR [...]*. If BerlinHyp were to miss its targets, e.g. owing to a further worsening of the situation in the real estate market, the business plan would have to be revised.
Knjižna vrednost udeležbe v BerlinHyp znaša [...]* EUR. Če BerlinHyp npr. zaradi nadaljnjega poslabšanja razmer na trgu nepremičnin nekaterih ciljev ne bi dosegla, bi bilo treba preoblikovati poslovni načrt.
In view of the increased risks that may ensue, the discount factor would then also have to be adjusted and additional risk premiums might be incurred.
Ker bi se v teh okoliščinah tveganja povečala, bi bilo treba prilagoditi tudi diskontni faktor, nastale pa bi lahko tudi dodatne premije zaradi tveganj.
Such a scenario might even lead to a market price for BerlinHyp of [...]*, […]* .
Takšen scenarij bi lahko povzročil celo tržno ceno BerlinHyp v višini [...]*, [...]*.
The difference between the holding’s book value of EUR [...]* and the net own capital of approximately EUR [...]* represents the devaluation risk in a base-case scenario. This therefore amounts to EUR [...]*.
Znesek razlike med knjižno vrednostjo udeležbe v višini [...]* EUR in neto lastniškim kapitalom v višini približno [...]* EUR predstavlja tveganje razvrednotenja v osnovnem scenariju.
An adjusted, more conservative business plan would include this devaluation risk, as would the annual accounts for 2003 and 2004.
Razlika tako znaša približno [...]* EUR. Prilagojen konzervativen poslovni načrt bi tveganje razvrednotenja vključeval in ga upošteval v zaključnem računu v letih 2003 in 2004.
At the Commission’s request, the restructuring plan was revised and the devaluation risk duly taken into account.
Na zahtevo Komisije je bil načrt prestrukturiranja preoblikovan, tveganja razvrednotenja pa ustrezno upoštevana.
As recommended by the Commission’s advisers, the maximum devaluation risk in the worst-case scenario was also increased by EUR [...]*. However, this has not had any decisive impact on the Commission’s overall assessment.
Ob tem se je, kot so Komisiji svetovali njeni svetovalci, maksimalno tveganje razvrednotenja v pesimističnem predvidenem poteku povišalo za [...]* EUR. Vendar pa slednje nima odločilnega vpliva na celotno oceno Komisije.
For reasons of risk limitation and because of the uncertain further development of the real estate financing business, the Commission would consider it desirable in order to safeguard the bank’s long-term viability for at least the major part of this business to be sold by the group or reduced in size.
Komisija meni, da bi zaradi omejitve tveganj in negotovega nadaljnjega razvoja dejavnosti financiranja nepremičnin za zavarovanje dolgoročne življenjske sposobnosti banke bilo zaželeno, če bi koncern oddal ali skrčil vsaj večino te dejavnosti.
To this end, the Commission recommends to Germany that BerlinHyp be sold separately in order to improve the privatisation prospects of the remainder of the group.
V ta namen je Komisija Nemčiji priporočila ločeno prodajo BerlinHyp za izboljšanje možnosti privatizacije preostalega koncerna.
BerlinHyp accounts for about two thirds of the group’s entire real estate financing business and is technically relatively easy to dispose of by selling the shares in BerlinHyp.
BerlinHyp predstavlja približno dve tretjini celotne dejavnosti financiranja nepremičnin celotnega koncerna in jo je tehnično mogoče dokaj enostavno odsvojiti s prodajo deležev BerlinHyp.
The remaining third is concentrated in the hands of BGB and LBB and should be restructured in accordance with the strategy worked out by the bank for the real estate financing business.
Preostala tretjina je koncentrirana v BGB in LBB in bi jo bilo treba prestrukturirati v skladu s strategijo, ki jo je banka izdelala za dejavnost financiranja nepremičnin.
The future risks to the remainder of the group would thereby be reduced by well over half overall.
S tem bi se prihodnja tveganja za preostanek koncerna zmanjšala iz celotnega obsega za več kot polovico.
However, Germany provided the Commission with information according to which an immediate sale of BerlinHyp might have unacceptable consequences for the bank.
Vendar je Nemčija Komisiji predložila informacije, po katerih bi takojšnja prodaja BerlinHyp povzročila nevzdržne posledice.
The Commission would therefore ask Germany to determine at a later date whether and when a separate sale of BerlinHyp might proceed with a realistic expectation of success and on terms acceptable to the bank, i.e. at a price approximating to BerlinHyp’s net own capital.
Komisija zato prosi Nemčijo, da ob kasnejšem trenutku ugotovi, ali in kdaj bi bila mogoča ločena prodaja BerlinHyp, ki bi realno obljubljala uspeh pod za banko sprejemljivimi pogoji, tj. po ceni, ki bi približno izražala neto lastniški kapital BerlinHyp.
In that event, potential losses from write‐downs in the book value might be kept within bounds and, at the same time, liquid resources would be channelled to the bank and capital freed up.
V takem primeru bi bilo mogoče izgube iz amortizacije knjižne vrednosti ohranjati v mejah, v banko pa sočasno dotekala likvidna sredstva, sproščal pa bi se tudi lastniški kapital.
Germany has accordingly communicated to the Commission its intention to divest BerlinHyp either separately or as part of the overall privatisation of BGB by the end of 2007.
Nemčija je Komisiji ustrezno sporočila svoj namen BerlinHyp odsvojiti ločeno ali v skupni privatizaciji BGB do konca 2007.
Risks arising out of the valuation of BGB’s earnings and liquidation proceeds claim (24.99 %) with respect to LBB
Tveganja iz ocenitve pravice BGB do dobička in prihodkov od prodaje (24,99 %) glede LBB
BGB has a claim to 24,99 % of profits including the corresponding liquidation proceeds with respect to LBB against the Land of Berlin and a 75,01 % interest in LBB in the form of a dormant holding.
BGB ima pravico do 24,99 % dobička vključno z ustreznim prihodkom iz likvidacije glede LBB proti deželi Berlin, poleg tega pa še 75,01 % delež v LBB v obliki tihe udeležbe.
The Commission’s advisers Mazars consider the valuation of this claim in BGB’s books to be in need of auditing because LBB’s underlying value may have fallen since the relevant year of 1998.
Svetovalci Komisije revizijske družbe Mazars menijo, da bi bilo treba ocenitev te pravice preveriti v knjigah BGB, ker je mogoče, da se je osnovna vrednost LBB od relevantnega leta 1998 znižala.
A possible write‐down would have a one-off effect on the group's consolidated pre-tax profit in 2005 of about EUR [...]* in a pessimistic scenario and of about EUR [...]* in an optimistic scenario.
Morebitno razvrednotenje bi uskupinjen dobiček koncerna pred davki enkratno obremenilo v letu 2005 ob pesimističnem scenariju za približno [...]* EUR, v optimističnem pa v za približno [...]* EUR.
As recommended by its advisers, the Commission therefore considers it necessary to take this write‐down effect properly into account in the restructuring plan through a write‐down of EUR [...]* in the base-case scenario and through an additional writedown of EUR [...]* over and above the EUR [...]* writedown so far envisaged in the worst-case scenario.
Po priporočilih svojih svetovalcev Komisija tako meni, da je treba v načrtu prestrukturiranja ustrezno upoštevati učinek razvrednotenja, in sicer z razvrednotenjem v višini [...]* EUR v osnovnem scenariju in z dodatnim razvrednotenjem višini [...]* EUR, višjim od predvidenega razvrednotenjem v višini [...]* EUR za najslabši scenarij.
These provisionally estimated adjustments are dependent on a precise valuation of LBB and should finally be carried out as soon as that valuation has been effected following clarification of the outstanding issues relating to LBB (exact size of the remaining IBB reserve once IBB has been hived off, Commission decision on the consideration for the IBB housing-promotion assets).
Te začasno ocenjene prilagoditve so odvisne od natančne ocenitve podjetja LBB in bodo dokončno uveljavljene takoj, ko se bo ta izvedena po konkretizaciji še odprtih točk glede LBB (natančna velikost rezerv IBB, ki ostanejo po prenosu IBB, odločitev Komisije o povračilu razvojnega premoženja IBB).
The Commission considers, however, that the resulting impact on the bank’s consolidated core capital is not likely to put the group’s viability at risk since, with a core‐capital ratio of [...]* % or even more, this can be absorbed by the bank.
Vendar pa po mnenju Komisije tako nastali vpliv na uskupinjen temeljni kapital banke ne more ogrožati sposobnost preživetja koncerna, saj ga lahko pri stopnji temeljnega kapitala v višini [...]* % ali več banka absorbira.
Risks arising out of the introduction of IFRS (IAS)
Tveganja iz uvedbe IFRS (IAS)
The conversion of BGB’s consolidated accounting to adapt it to IFRS (International Financial Reporting Standards) in 2005 calls inter alia for reassessment of the pension provisions.
Pretvorba uskupinjenega finančnega poročila BGB za prilagoditev na IFRS (International Financial Reporting Standards) v letu 2005 med drugim zahteva novo ocenitev rezervacij za pokojnine.
In the opinion of the Commission’s advisers Mazars, these could have a negative impact on the consolidated own capital to the tune of some EUR [...]*. It will have to be borne in mind, however, that as a result of the introduction of IFRS opposite effects may also result from the adjustment of other balance‐sheet items.
Po ocenah svetovalcev Komisije, revizijske družbe Mazars, bi lahko to negativno vplivalo na uskupinjen lastniški kapital v približni višini [...]* EUR. Vendar je treba upoštevati, da ima lahko uvedba IFRS tudi nasproten učinek zaradi prilagajanja zadevnih drugih postavk bilance.
In the opinion of the Commission and its advisers, these cannot at present be reliably assessed.
Po stališču Komisije in njenih svetovalcev teh zaenkrat ni mogoče zanesljivo oceniti.
Even if these balance‐sheet effects were to prove negative on aggregate, they are unlikely to be able to impair the bank’s overall viability.
Četudi bi vsota teh bilančnih učinkov bila negativna, ni za pričakovati vpliva na celotno življenjsko sposobnost banke.
The introduction of IFRS leads only to a partial reassessment of already known facts, and not to the discovery of new risks.
Uvedba IFRS bo povzročila le delno ponovno ocenitev že znanih dejstev, ne pa tudi odkritja novih tveganj.
Moreover, it concerns all European companies, which must carry out adjustments on the basis of IFRS and resolve any transitional problems that arise in cooperation with the competent supervisory authorities.
Poleg tega velja za vsa evropska podjetja, ki se morajo prilagoditi zaradi IFRS in rešiti morebitne nastale prehodne težave v sodelovanju s pristojnimi nadzornimi organi.
The bank's viability depends rather on its financial performance and its ability to manage the risks facing it, which are to be assessed separately.
Življenjska sposobnost banke je veliko bolj odvisna od njene gospodarske moči in sposobnosti obvladovanja tveganj, ki jih je treba oceniti neodvisno.
Capacity to generate new business
Sposobnost za ustvarjanje novega posla
The bank’s capacity to generate new business in its various areas of activity is the decisive factor as regards its viability and privatisation prospects.
Sposobnost banke za ustvarjanje novih poslov v svojih različnih področjih dejavnosti je odločilen dejavnik za sposobnost preživetja in možnosti privatizacije banke.
It has carried out studies into its market position and future market prospects from which it has derived its future business strategy.
Banka je opravila študije o svojem tržnem položaju in o prihodnjih možnostih na trgu, na osnovi katerih je nato izpeljala svoje prihodnje poslovne strategije.
This shows that in most business fields the plans and strategies are realistic.
Očitno je, da so načrti in strategije v večini poslovnih področij realistični.
The bank intends to introduce new products and marketing channels.
Namen banke je uvesti nove izdelke in prodajne kanale.
However, the Commission considers the qualitative and quantitative objectives and the strategy in the real estate financing field to be overoptimistic.
Komisija meni, da so kvalitativno in kvantitativno določeni cilji in strategije za dejavnost financiranja nepremičnin, kot je razloženo zgoraj, optimistični.
This will depend crucially on how the overall economic situation develops and on the bank’s ability to react to changes in the market situation and in customer needs and cannot therefore be conclusively assessed by the Commission at present.
To je v glavnem odvisno od razvoja celotnega gospodarskega položaja, vendar tudi od sposobnosti banke odzivati se na spremenjene pogoje na trgu in potrebe strank, zato Komisija tega iz današnjega vidika ne more dokončno oceniti.
Should the bank not succeed in meeting its targets on a lasting basis, its viability may be endangered, especially if the real estate financing business remains at its current size.
Če banki ne bi uspelo trajno izpolnjevati določenih ciljev, se bi zdela njena sposobnost za preživetje, zlasti pri preostali dejavnosti financiranja nepremičnin, v sedanjem obsegu ogrožena.
If the targets cannot be met in the event of a substantial scaling-down of the real estate financing business, the quantitative effects would also be considerably reduced and could be better absorbed by the bank’s other business areas.
Če določenih ciljev pri znatno manjšem obsegu dejavnosti financiranja nepremičnin ne bi bilo mogoče uresničiti, se bi znatno zmanjšali tudi kvantitativni učinki, ki bi jih morda druga področja poslovanja bolje absorbirala.
Commission request for further compensatory measures in the autumn of 2003 and corresponding reworking of the bank’s restructuring plan in the winter of 2003/04
Zahteva Komisije po nadaljnjih kompenzacijskih ukrepih v jeseni 2003 in ustreznem preoblikovanju načrta prestrukturiranja banke pozimi leta 2003/2004