natgillin/translations-raw huggingface dataset:
The Berliner Bank brand had weaknesses in this respect.
Ime „Berliner Bank“ izkazuje v tej zvezi pomanjkljivosti.
Because of the problems of the property financing business in the past, there were doubts about its future success.
Zaradi težav posla financiranja nepremičnin v preteklosti obstajajo dvomi o njeni prihodnji uspešnosti.
Maintaining a large share of the capital market business was not typical of a regional bank.
Ohranjanje znatnega dela poslovanja na trgu kapitala ni značilno za regionalno banko.
The successful implementation of the restructuring programme depended substantially on whether it managed to achieve the ambitious plans for reducing staff, introducing a new risk control system and improving information systems.
Uspeh uresničitve načrta za prestrukturiranje je odločilno odvisen od tega, ali jim bo uspelo uresničiti ambiciozne načrte za zmanjšanje števila zaposlenih in vpeljati nov sistem obvladovanja tveganj ter izboljšati informacijske sisteme.
There was a question mark against this, however, since staff reduction measures to date had not achieved their targets and since resistance from employees and unions was to be anticipated.
Vendar obstajajo glede tega dvomi, saj dosedanji ukrepi za zmanjšanje števila zaposlenih zaostajajo za cilji, računati pa je treba tudi z uporom zaposlenih in sindikata.
Moreover, many of the reductions to date were attributable to outsourcing measures, but no long‐term reduction in costs could be expected from these.
Poleg tega je velik del doslej uresničenega skrčenja posledica ukrepov preselitve dejavnosti („outsourcing“). Zaradi tega ne gre pričakovati dolgoročnega zmanjšanja stroškov.
Rather, it should be reckoned that the costs of the transferred workers would have to be borne by the bank in the form of higher service charges.
Nasprotno, pričakovati je, da se bodo stroški za preseljene delojemalce banke pokrivali z večjimi provizijami za usluge banke.
In the future, the bank had to be able to compete in the marketplace on its own merits, in accordance with point 34 of the guidelines.
V skladu s številko 34 smernice mora biti banka v prihodnje sposobna samostojno obstati na trgu.
There were doubts whether the target return on own resources of 7 % for 2006 was sufficient for this.
Vendar obstajajo dvomi, ali bo 7 % donos lastniškega kapitala, ki je bil zastavljen kot cilj za leto 2006, zadoščal.
It could not be assumed, therefore, that long‐term viability would be restored.
Zatorej ni mogoče izhajati iz ponovne vzpostavitve dolgoročne življenjske sposobnosti.
Nor could that low return be justified by the performance of public functions by the savings bank since these were irrelevant to an assessment of the return.
Tega nizkega donosa prav tako ni mogoče upravičiti z izpolnitvijo javnih nalog hranilnice, saj ta za oceno donosa ni pomembna.
With continuing public ownership, there were considerable doubts as to whether the bank’s viability could be restored and guaranteed.
Pri nadaljevanju javnega lastništva obstajajo znatni dvomi, ali je mogoče vzpostaviti in zagotoviti sposobnost preživetja banke.
The Land of Berlin would be exposed to considerable political pressure when terminating employment relationships.
Dežela Berlin bi bila ob odpovedi delovnih razmerij pod velikim političnim pritiskom.
In general, it would not be able to implement the restructuring plan.
Splošno dežela Berlin ne bi bila sposobna uresničiti načrt prestrukturiranja.
The bank’s bodies would still have political appointees on them, which would give rise to conflicts of interest.
V odborih banke bi bili še naprej politično zastopani, kar bi povzročilo konflikt interesov.
Even if it were taken over by another German regional bank, these problems would continue.
Tudi če bi banko prevzela katera druga nemška deželna banka, bi se težave nadaljevale.
V. GERMANY’S REACTION TO THE COMMENTS OF OTHER INTERESTED PARTIES
V. ODZIV NEMČIJE NA STALIŠČA DRUGIH UDELEŽENCEV
Germany commented on the observations of Berliner Volksbank and the anonymous third party.
Nemčija je v zvezi s pripombami Berliner Volksbank in anonimnega tretjega zavzela stališče.
Berliner Volksbank’s submission about alleged existing aid was unfounded.
Navedbe Berliner Volksbank o domnevnih starih pomočeh so zmotne.
There were no substantial financial resources that had been built up through alleged aid.
Znatnih finančnih virov, ki bi nastali na osnovi domnevne pomoči, ni.
Otherwise the group would not be in difficulties.
Koncerna sicer ne bi pestile eksistenčne težave.
Further, the Commission had assessed the liability systems of institutional liability and guarantor liability as existing aid and these should not therefore be regarded as encumbering BGB.
Med drugim je Komisija ocenila institucije jamstva obveznosti za ohranjanje javnega podjetja in jamstvo garanta kot obstoječe pomoči, zato ju ni dovoljeno upoštevati v breme BGB.
The capital injection provided through the rescue aid would indeed be made available to the bank permanently, but this was in accordance with the guidelines and the Commission’s practice as regards restructuring aid.
Priliv kapitala v obliki pomoči pri reševanju bo banki dejansko na voljo trajno, kar pa ustreza smernicam in praksi Komisije v okviru pomoči za prestrukturiranje.
The transfer of WBK to LBB was being investigated by the Commission in a separate proceeding but was not described by Germany as aid.
Prenos WBK v LBB bo Komisija preiskala v posebnem revizijskem postopku, vendar pa ga Nemčija ne uvršča kot pomoč.
While BGB had a relatively strong position on the Berlin banking market in both personal and corporate banking, its market shares were not as high as Berliner Volksbank claimed.
BGB ima namreč v berlinskem bančnem trgu dokaj močan položaj tako v poslovanju z zasebnimi strankami, kot tudi s podjetji. Vendar pa njeni tržni deleži ne dosegajo višine, kot trdi Berliner Volksbank.
The market shares based on volumes were clearly smaller than those based on customers since Berliner Sparkasse had many accounts with small credit and deposit volumes, which was proving to be more of an additional cost factor.
Tržni deleži glede na obseg so znatno manjši od tržnih deležev, ki veljajo za stranke, ker ima Berliner Sparkasse številne račune z majhnimi krediti in vlogami, kar je prej dodatni stroškovni dejavnik.
The restructuring programme was fully documented in sufficient detail.
Načrt prestrukturiranja vsebuje vse potrebne dokumente z vsemi potrebnimi podrobnostmi.
Germany viewed the current programme as a stable basis for ensuring BGB’s profitability.
Nemčija vidi v predloženem načrtu stabilno osnovo za zagotovitev rentabilnosti BGB.
The profitability of the entire banking sector in Germany had declined significantly on account of the difficult general economic situation.
Rentabilnost celotnega bančnega sektorja v Nemčiji se je zaradi težkega splošnega gospodarskega položaja občutno zmanjšala.
The average return on own funds had fallen from 11,2 % in 1999 to 9,3 % in 2000 and to as little as 6,2 % in 2001.
Povprečni donos lastniškega kapitala se je iz 11,2 % v letu 1999 preko 9,3 % v letu 2000 v letu 2001 dodatno zmanjšal na le 6,2 %.
In the Federal Government’s communications, the results of each business segment for the period 2001 to 2006 were consistently shown separately and were derived in comprehensible stages.
V obvestilih zvezne vlade so izidi vsakega poslovnega področja za leta 2001-2006 dosledno prikazani posamezno in izvedeni po stopnjah, ki jim je mogoče slediti.
The general layout followed the same pattern: total earnings, operating result before and after provision for risks, and pre‐tax profit.
Celotno načrtovanje poteka po stopnjah vsota donosov, poslovni izid pred rezervacijami za tveganja in dobiček pred davki.
The steps necessary for implementing the restructuring programme were being planned by BGB in two stages:
Korake za uresničitev načrta prestrukturiranja, je BGB načrtovala v dveh stopnjah:
at conceptual level, it had first of all worked out a subdraft for each of the current business segments, irrespective of whether it was to be kept, liquidated, reduced or sold,
Na ravni osnutka je najprej izdelala delni osnutek za vsako zdajšnje polje poslovanja, neodvisno od tega, ali sodi med področja, ki jih želi ohraniti, ukiniti, skrčiti ali odsvojiti.
at a practical level, it had then allocated to each subdraft specific measures necessary for its implementation and costed them in turn.
Na praktični ravni je nato vsak delni osnutek podprla s konkretnimi ukrepi, potrebnimi za njegovo uresničitev, ki jih je stroškovno ovrednotila.
Thus a complete draft was available.
Tako je dobila popoln osnutek.
Since then, the individual measures had been filled out, with more detail added at segment level, and incorporated in a comprehensive overall plan.
Od takrat je posamezne ukrepe še naprej konkretizirala in jih na ravni poslovnih področij tudi podrobno opredelila ter vnesla v obsežni celostni načrt.
Two special instruments which complemented the usual monitoring of results had been developed for implementation purposes: one for general measures and the other for personnel measures.
Za uresničitev sta bila razvita dva posebna instrumenta, ki dopolnjujeta navaden kontroling izida, in sicer en za nadzorovanje splošnih ukrepov in drugi za nadzorovanje ukrepov v zvezi z zaposlenimi.
These made it possible to compare planned and actual values on a monthly basis and hence to run a permanent check on the success of the implementation.
Instrumenta sta omogočila mesečno uravnavanje načrtovanih in dejanskih vrednosti in s tem stalni nadzor uspeha uresničevanja.
Only property financing was regarded by the bank as a typical task for a regional bank.
Kot tipično nalogo regionalne banke vidi banka le financiranje nepremičnin.
This did not include property services, which was where the losses that had originally made the reorganisation of the bank and the authorities’ risk shield necessary had largely occurred.
Sem ne sodi področje nepremičninskih storitev, kjer so v glavnem nastale izgube, zaradi katerih je bila sploh potrebna sanacija banke in državna omejitev tveganj.
BGB had offered to sell this business segment as a compensatory measure.
BGB je kot kompenzacijski ukrep ponudila oddajo tega poslovnega področja.
The provisioning ratio in respect of real estate loans was not too small.
Krediti za nepremičnine naj ne bi bili premalo zavarovani.
In future, several measures would be taken in new and existing business and as regards monitoring in order significantly to reduce the risks in the property financing segment.
V prihodnje bodo izvajali številne ukrepe na področju novih poslov kot tudi pri obstoječih poslih ter v kontrolingu, da bi zmanjšali tveganja na področju financiranja nepremičnin.
As regards new business, activities would be concentrated at attractive locations, risk diversified by interregional activities within Germany, foreign business largely terminated and high‐risk segments, especially building, discontinued.
Pri novih poslih bi dejavnosti usmerili na privlačne lokacije, razpršili tveganja z delovanjem po vsej Nemčiji, v glavnem ukinili posle zunaj države in opustili tvegana področja poslovanja, še zlasti področje investiranja.
In the existing business sector, risk specialists would be used for troubled exposures and asset portfolios would be critically reappraised and revalued.
Pri obstoječih poslih naj bi zaposlili strokovnjake za tveganja za ogrožena udejstvovanja ter kritično obdelali in na novo ovrednotili obstoječe posle.
As regards controls, risk monitoring throughout the group would be introduced which would in turn provide the framework for individual control instruments.
Pri kontrolingu naj bi uvedli nadzorovanje tveganj v celotnem koncernu, ki tvori okvir za posamezne nadzorne instrumente.
These included a limitation system for market and counterparty risks, an early‐warning system, reorganisation strategies and a task force for exposures affecting more than one banking subsidiary.
K tem sodijo sistemi omejevanja tržnih tveganj in tveganj zaradi poslabšanja bonitete, sistem zgodnjega opozarjanja, sanacijske strategije in projektna skupina za udejstvovanja, ki presegajo dejavnost specializiranih bank.
Contrary to Berliner Volksbank’s view, the restructuring would lead to a reduction of market presence since the large customer and public authority segments would be discontinued and other segments reduced.
Prestrukturiranje vodi v nasprotju z dojemanjem Berliner Volksbank v zmanjšanje navzočnosti na trgu z opustitvijo poslovnega področja velikih strank in javnega organa ter s skrčenjem drugih poslovnih področij.
It did not make sense commercially to discontinue the retail business segments since that would impair the undertaking’s core business and hence jeopardise privatisation prospects.
Naloga poslovanja z občani naj ne bi bila smiselna iz poslovno- ekonomskega vidika, saj vpliva na temelj podjetja in posledično ogroža možnost za privatizacijo.
In addition, market presence in the retail segments would not be increased.
Tudi na področju poslovanja s strankami se navzočnost na trgu ne bo povečala.
The bank would withdraw completely from Brandenburg, except for Potsdam.
Iz dežele Brandenburg se bo banka, z izjemo Potsdama, popolnoma umaknila.
In the Land of Berlin its market presence was being appreciably reduced through branch closures.
V deželi Berlin se bo njena navzočnost na trgu z zaprtjem podružnic občutno zmanjšala.
The risk shield was not a ‘blank cheque for future losses’ since the risks covered by it were all existing risks.
Omejitev tveganja ni „bianko ček za prihodnje izgube“, saj naj bi omejitev zajemala le stara tveganja.
Risks from transactions conducted after 31 December 2001 were generally not covered, and risks from real estate funds were covered only if the fund concerned had been invested in before 31 December 2000.
Tveganja iz poslov, sklenjenih po 31. decembru 2001, v glavnem niso zajeta, tveganja iz nepremičninskih skladov pa le, v kolikor so bili zadevni skladi ustanovljeni do 31. decembra 2000.
Nor was the risk shield an ‘unconditional licence to submit offers on whatever terms it wanted, e.g. when selling or leasing property’.
Omejitev tveganj prav tako ne pomeni „prostih rok pri oblikovanju ponudb s poljubnimi pogoji, npr. pri odsvojitvi ali oddajanju nepremičnin“.
In Articles 17(2), 35(2) and 42(5) of the detailed agreement there were several conditions that were dependent on the Land’s consent.
Podrobni sporazum vsebuje v drugem odstavku člena 17, drugem odstavku člena 35 in petem odstavku člena 42 številne pridržke glede dajanja soglasij v korist dežele.
Moreover, Article 46 laid down a comprehensive ‘avoidable consequences’ requirement whereby the beneficiary companies were obliged to do their utmost to keep the Land’s involvement as small as possible, to utilise the assets covered by the book‐value guarantee as favourably as possible and to lease or otherwise use property items on optimum terms.
člen podrobnega sporazuma določa tudi obveznost obsežnega zmanjševanje škode, kar družbe, ki so prejele pomoč obvezuje, da si po najboljših močeh prizadevajo v čim manjši meri zahtevati pomoč dežele in aktivo, zajeto v skladu z zagotovljeno knjižno vrednostjo, izrabijo kar se da ugodno oz. stavbe optimalno oddajo ali kako drugače izrabijo.
Infringement rendered the company concerned liable for damages.
Kršitev te določbe ima za posledico škodno odgovornost družbe.
The risk shield did not constitute an unlimited additional funding commitment.
Omejitev tveganj tudi ne ustreza nobenemu od zneskov po neomejeni obveznosti plačevanja.
Unlike an additional funding obligation under company law, for instance, the Land of Berlin’s obligation under the risk shield was limited as to its total and its object, namely to those risks which were exhaustively listed in the detailed agreement and to which funds had already been committed by 31 December 2001.
Drugače kot pri družbeno-pravni obveznosti plačevanja se obveznost dežele Berlin iz omejitve tveganj po eni strani velja za vsoto, po drugi strani pa je omejena tudi predmetno in sicer na tveganja, našteta v zaključku podrobnega sporazuma, ki so že nastale do 31. decembra 2001.
The risk shield had also been made sufficiently specific.
Prav tako je omejitev tveganj zadostno konkretizirana.
The agreement in principle of 20 December 2001 already contained a complete list of the companies entitled to the credit guarantees and the balance‐sheet guarantees, and the detailed agreement had altered the list in respect of a few details only.
Že temeljni sporazum z dne 20. decembra 2001 naj bi vseboval dokončen seznam družb, ki imajo korist od kreditnih garancij in bilančnih garancij, podrobni sporazum pa seznam le spreminja z nekaterimi podrobnostmi.
The shareholdings and legal relationships were enumerated in the detailed agreement and the contracts referred to in it.
Udeležbe in pravna razmerja naj bi bila v podrobnem sporazumu in v pogodbah, na katere se sporazum sklicuje, številčno navedena.
The extent of the risks covered by the risk shield had also been made sufficiently specific.
Tudi obseg tveganj, ki jih krije omejitev tveganj, je zadostno konkretiziran.
The own‐funds ratio targeted by BGB was not too high.
Stopnja kapitalizacije, h kateri stremi BGB, ni previsoka.
Lenders’ and investors’ confidence in BGB was shaken.
Zaupanje financerjev in vlagateljev v BGB je namreč trajno moteno.
BGB, moreover, no longer had [...]*; normally these would be taken into consideration, together with the own‐funds ratio, when assessing a bank’s ability to access the capital market.
Poleg tega banka nima [...]*, ki se ponavadi uporabljalo poleg stopnje kapitalizacije za presojanje sposobnosti banke za sodelovanju na trgu kapitala.
Further, privatisation of the bank required that, once the Land’s share had been abolished, capital could be raised in the capital market on tolerable terms.
Predpostavka za privatizacijo banke je tudi, da bo lahko po odpadu državnega deleža najela lastniški kapital na trgu kapitala pod sprejemljivimi pogoji.
This meant that the own‐funds ratio must permanently be significantly higher than the statutory minimum.
Za to je potrebna obstojna stopnja kapitalizacije, ki je znatno nad zakonsko najnižjo stopnjo.
For the rest, the privatisation procedure contained no aid elements and revealed no shortcomings.
Postopek privatizacije sicer ne vsebuje elementov pomoči in ne izkazuje postopkovnih napak.
There had been no discrimination during the procedure.
Diskriminacije v postopku ni bilo.
ASSESSMENT OF THE AID MEASURES
PRESOJA UKREPOV POMOČI
State aid under Article 87(1) of the EC Treaty
Državna pomoč v skladu s prvim odstavkom člena 87 Pogodbe ES
The capital injection, the risk shield and the contribution promised in the refund agreement were provided by the Land of Berlin and therefore comprise state resources.
Dovajanje kapitala, omejitev tveganja in vložek, dogovorjen v sporazumu o vračilu je zagotovila dežela Berlin, zato vsebujejo državna sredstva.
The resources were granted on conditions which would not be acceptable to a market‐economy investor.
Pogoji, pod katerimi so bila sredstva dodeljena, niso sprejemljiva za vlagatelja, ki se ravna po načelih tržnega gospodarstva.
The total amount involved is several billion euros, which are being made available to an undertaking in serious financial difficulties.
Skupno gre za znesek v višini več milijard eurov, ki ga bo podjetje v resnih finančnih težavah lahko trajno uporabljalo.
Through the capital injection of EUR 1,755 billion, on which it could not expect an appropriate return, the Land increased its share in BGB from just under 57 % to about 81 %.
S prilivom kapitala v višini 1,755 milijarde EUR, za katerega dežela ne more pričakovati primernega donosa, je svoj delež v BGB povišala iz skoraj 57 % na približno 81 %.
The risk shield was granted for a period of 30 years.
Omejitev tveganj je bila odobrena za obdobje trideset let.
The guarantees agreed amount to a nominal theoretical maximum of EUR 21,6 billion. This amount covers all theoretically conceivable risks and comprises, for example, the total loss of all rents in the case of the rental guarantees (EUR [...]*), the application of full production costs for all buildings and outside facilities in the case of the renewal guarantees (EUR [...]*) or the complete loss of the guaranteed book values of IBG/IBAG and its subsidiaries (EUR [...]*).
Nominalni teoretični najvišji znesek vseh garancij znaša 21,6 milijarde EUR. Ta znesek krije vsa teoretično možna tveganja in vsebuje npr. popoln izpad vseh najemnin za najemniške garancije ([...]* EUR), predpostavko kompletnih gradbenih stroškov vseh zgradb in okolice za tako imenovane revitalizacijske garancije ([...]* EUR) ali popolno izgubo zagotovljene knjižne vrednosti IBG/IBAG in njunih hčerinskih podjetij ([...]* EUR).
A 100 % loss of rent, the demolition and reconstruction of all buildings and a complete loss of book values are, however, even on very pessimistic assumptions, unrealistic.
100-odstotni izpad najemnin ter rušenje in novogradnja vseh stavb ter popolna izguba knjižne vrednosti je celo pod zelo pesimističnimi predpostavkami nerealistična.
Germany has therefore estimated the probable take‐up as follows: EUR 2,7 billion in the best‐case scenario, EUR 3,7 billion in the base‐case scenario, and EUR 6,1 billion in the worst‐case scenario.
Nemčija je tako navedla naslednje ocenjene vrednosti za verjetno uveljavljanje: 2,7 milijarde EUR v optimističnem primeru („best-case“ scenarij), 3,7 milijarde EUR v osnovnem primeru („base-case“ scenarij) in 6,1 milijard EUR v pesimističnem primeru (tako imenovani „worst-case“ scenarij).
In the course of the proceedings, Germany also communicated the basis for these estimates.
Med postopkom je Nemčija predložila tudi osnove za ocenjene vrednosti.
For the three scenarios, assumptions are made regarding the various risks of default.
Vsebujejo tudi predvidevanja za vse tri scenarije glede različnih tveganj zaradi izpada.
In the case of rent guarantees, there are, for example, different loss‐of‐rent assumptions concerning inflation (actual inflation remains lower than forecast inflation), rental shortfall or vacancies.
Glede najemniških garancij to na primer velja za različna predvidevanja o izpadu najemnin glede na inflacijo (dejanska inflacija zaostaja za pričakovano inflacijo), zaradi manjših najemnin ali nezasedenosti najemniških prostorov.
The forecast loss of rent is EUR 1,4 billion in the best‐case scenario, EUR 1,9 billion in the base‐case scenario and EUR 3,5 billion in the worst‐case scenario.
Napovedan izpad najemnin znaša tako v najboljšem primeru 1,4 milijarde EUR, v osnovnem primeru 1,9 milijarde EUR in v najslabšem primeru 3,5 milijarde EUR.
About EUR [...]* of this capital would be accounted for by the cash value of the guarantees described above (nominal economic value: EUR 6,1 billion); EUR [...]*‐ [...]* by the capital injection for supporting the group banks' loans, committed for the same purpose and utilised, to property service companies (which, if the nominal theoretical extreme risks are not covered from rent, renewal and book value guarantees, would have to be attributed to the risk assets at a value of EUR [...]*); and EUR [...]* to [...]* by a security premium.
Pri tem bi okoli [...]* EUR kapitala odpadlo na gotovinsko vrednost zgoraj opisane garancije (nominalna gospodarska vrednost: 6,1 milijarde EUR); [...]* EUR do [...]* EUR na priliv kapitala za zalaganje v enak namen potrjenih in uporabljenih kreditov bank koncernov za družbe z nepremičninskimi storitvami (ki jih je treba pri nepopolnem kritju nominalnega teoretično najvišjega tveganja iz najemniških in revitalizacijskih garancij ter iz garancij knjižne vrednosti pripisati tvegani aktivi v višini do [...]* EUR) ter [...]* EUR do [...]* EUR na varnostni pribitek.