natgillin/translations-raw huggingface dataset:
Core capital actually usable for competitive business in accordance with the phased model
Temeljni kapital, po stopenjskem modelu dejansko uporaben za konkurenčne dejavnosti
Core capital used for promotion related business
Temeljni kapital za dejavnosti za pospeševanje
Core capital usable for competitive business, but whose usability is governed by the phased model
Temeljni kapital, uporaben za konkurenčne dejavnosti, ki pa se po dogovorjenem stopenjskem modelu ne uporabi
Difference between (1) and (2), corresponds to the sum of (3) and (4)
Razlika med 1) in 2) je enaka seštevku 3) in 4)
Safety margin deduction because of lower preliminary determination in the balance sheet as at 31.12.1998 [48]
Odbitek varnostne rezerve zaradi manjše prehodne določitve v bilanci stanja z dne 31.12.1998 [48]
Capital base to be remunerated with guarantee commission of 0.3 % a year (before tax)
Kapitalska osnova, ki se nadomesti s provizijo za jamstvo 0,3 % letno (pred obdavčitvijo)
Remuneration to be paid that is deductible as operating expenses, corresponds to aid element
Nadomestilo, ki se mora izplačati, odbitno kot stroški poslovanja, skladno z elementom pomoči
Preliminary result
Vmesni rezultat
The Commission thus concludes that Helaba was favoured only in so far as it did not pay an appropriate liability remuneration for that part of the capital made available in the form of a silent partnership contribution by the Land of Hessen which was required to underpin its promotion-related business and, on the basis of the phased arrangement, was initially not used to underpin its competitive business.
Komisija torej ugotavlja, da je Helaba prejemala pomoč le v tem smislu, da ni izplačevala primernega nadomestila za jamstvo za tisti del kapitala, zagotovljen v obliki vložka tihe družbe s strani dežele Hessen, ki je bil potreben za kritje dejavnosti za pospeševanje, ter za tisti del, ki po stopenjskem modelu sprva ni bil uporabljen za kritje konkurenčnih dejavnosti.
In the Commission's view, a liability remuneration of0,3 % a year (before tax) would have been appropriate.
Po mnenju Komisije bi bilo tu nadomestilo za jamstvo 0,3 % letno (pred obdavčitvijo) primerno.
In so far as it was possible for the capital to be used to underpin the competitive business, however, this was remunerated appropriately through the agreed remuneration of 1,43 % a year (taking account of the trade tax) for the silent partnership contribution.
Če se je kapital lahko uporabljal za kritje konkurenčnih dejavnosti, pa se je primerno nadomeščal z dogovorjenim nadomestilom 1,43 % letno (ob upoštevanju obratovalnega davka) za vložek tihe družbe.
In this respect, no favourable treatment exists.
V tem smislu ne gre za pomoč.
As a result of liberalisation of financial services and the integration of financial markets, banking within the Community has become increasingly sensitive to distortions of competition.
Z liberalizacijo finančnih storitev in združevanjem finančnih trgov je bančništvo v Skupnosti vse bolj občutljivo na izkrivljanje konkurenčnosti.
Helaba carries on regional and international banking business.
Upravičenka Helaba je v bančništvu dejavna tako regionalno kot mednarodno.
It defines itself as an all-purpose commercial bank, central bank for the savings banks and the bank of the Land and its municipalities.
Gre za splošno poslovno banko, centralno hranilnico ter banko dežele Hessen in njenih občin.
Despite its name, tradition and legally stipulated tasks, Helaba is much more than a mere local or regional bank.
Kljub svojemu imenu, tradiciji in zakonsko urejenim nalogam Helaba nikakor ni zgolj lokalna ali regionalna banka.
These facts show clearly that Helaba offers its banking services in competition with other European banks outside Germany and, since banks from other European countries are active in Germany, inside Germany.
Na podlagi tega je jasno, da Helaba nudi bančne storitve v konkurenci z drugimi evropskimi bankami izven Nemčije in, ker so banke iz drugih evropskih držav dejavne v Nemčiji, v Nemčiji.
It is clear, therefore, that aid given to Helaba distorts competition and affects trade between Member States.
Torej drži, da pomoči za Helabo izkrivljajo konkurenco in ovirajo trgovino med državami članicami.
In so far as Helaba did not pay an appropriate liability remuneration for the part of the capital made available which was required to underpin its promotion-related business and, on the basis of the phased arrangement, was not initially used to underpin its competitive business, all the preconditions for state aid within the meaning of Article 87(1) of the EC Treaty are met.
Če Helaba ni izplačevala primernega nadomestila za jamstvo za tisti del razpoložljivega kapitala, ki je bil potreben za kritje dejavnosti za pospeševanje in po stopenjskem modelu sprva ni bil uporabljen za kritje konkurenčnih dejavnosti, so izpolnjeni vsi pogoji za državno pomoč v smislu člena 87(1) Pogodbe ES.
With regard to the part of the capital which was used to underpin the competitive business, the remuneration of 1,43 % a year (taking account of the trade tax) that had to be paid only on this amount is to be regarded as being in conformity with the market.
Kar zadeva tisti del kapitala, ki je bil uporabljen za kritje konkurenčnih dejavnosti, se mora nadomestilo 1,43 % letno (ob upoštevanju obratovalnega davka), ki se je moralo izplačevati le za ta znesek, spoznati za še skladno s trgom.
In this respect, there is no favourable treatment and hence no state aid within the meaning of Article 87(1) of the EC Treaty for Helaba.
V tem smislu ne gre za korist Helabi in s tem tudi ne državno pomoč v smislu člena 87(1) Pogodbe ES.
In so far as the transfer of the silent partnership contribution involves state aid within the meaning of Article 87(1) of the EC Treaty, an assessment must be made as to whether the aid can be considered compatible with the common market.
Če vključuje vložek tihe družbe državne pomoči v smislu navedenega člena 87(1) Pogodbe ES, je potrebno oceniti, ali se pomoč lahko spozna za skladno s kupnim trgom.
Given that the aid has no regional objective — it is designed neither to promote the economic development of areas where the standard of living is abnormally low or where there is serious underemployment nor to facilitate the development of certain economic areas — neither Article 87(3)(a) nor (c) of the EC Treaty, as regards the latter's regional aspect, is applicable.
Ker pomoč nima regionalnega cilja – ni namenjena niti za pospeševanje gospodarskega razvoja območij z izjemno nizko življenjsko ravnijo ali z znatno podzaposlenostjo niti za pospeševanje razvoja določenih gospodarskih območij – se člen 87(3)(a) in regionalni vidiki iz člena 87(3)(c) Pogodbe ES ne uporabljajo.
Since the economic survival of Helaba was not at stake when the measure was implemented, there is no need to consider whether the collapse of a single large credit institution like Helaba could lead to a general banking crisis in Germany, which might possibly justify aid to remedy a serious disturbance in the German economy under Article 87(3)(b) of the EC Treaty.
Ker gospodarski obstoj Helabe v času ukrepa ni bil ogrožen, ni potrebno preučiti, ali bi propad ene same velike kreditne institucije, kot je Helaba, lahko v Nemčiji privedel do splošne krize v bančnem sektorju, kar bi morda v skladu s členom 87(3)(b) Pogodbe ES upravičilo pomoč za odpravljanje resne motnje v nemškem gospodarstvu.
Helaba was not an undertaking in difficulty whose viability had to be restored with the support of state aid.
Helaba ni bila podjetje v težavah, čigar vitalnost bi se morala povrniti z državno pomočjo.
Article 86(2) of the EC Treaty, which allows exemptions from the Treaty's state aid rules under certain conditions, is in principle also applicable to the financial services sector.
Člen 86(2) Pogodbe ES, ki pod določenimi pogoji dopušča odstopanja od določb o državni pomoči iz Pogodbe, se načeloma uporablja tudi za sektor finančnih storitev.
However, the formal conditions are not met in this case: the tasks which Helaba carries out in providing services of general economic interest are not specified, and nor are the costs generated by such tasks.
Formalni pogoji pa v tem primeru niso izpolnjeni: naloge, ki jih Helaba opravlja pri zagotavljanju storitev skupnega gospodarskega interesa, in tudi stroški, ki nastajajo ob takih nalogah, niso podrobno opredeljeni.
It is therefore clear that the transfer was effected without any regard to any services of general economic interest.
Torej je jasno, da se je prenos opravil brez upoštevanja kakršnih koli storitev skupnega gospodarskega interesa.
NOT EXISTING AID
NI VELJAVNA POMOČ
Nor, contrary to what was argued by Germany in other Landesbank proceedings, can the capital injection be regarded as being covered by the existing state aid scheme for ‘institutional responsibility’ (Anstaltslast) and ‘guarantor liability’ (Gewährträgerhaftung), but must be regarded as new aid.
V nasprotju s trditvami Nemčije v drugih postopkih v zvezi z deželnimi bankami se vloga kapitala ne more obravnavati niti kot del obstoječih programov pomoči Anstaltslast in Gewährträgerhaftung, temveč se mora obravnavati kot nova pomoč.
Gewährträgerhaftung is a default guarantee offered to creditors in the event that the bank's assets are no longer sufficient to satisfy their claims, and this is not the case here.
Gewährträgerhaftung je jamstvo za upnike v primeru, da sredstva banke ne zadostujejo več za izpolnjevanje njihovih zahtev, in to v tem primeru ne velja.
Anstaltslast requires the guarantor, the Sparkassenverband Hessen-Thüringen, to provide Helaba with the resources it needs to function properly for as long as the Sparkassenverband Hessen-Thüringen decides to maintain it in existence.
Anstaltslast zavezuje garanta Sparkassenverband Hessen-Thüringen, da Helabi zagotavlja sredstva, potrebna za pravilno delovanje, dokler se ne odloči za prenehanje njenega obstoja.
However, at the time of the capital injection, Helaba was far from being in a situation where it was no longer able to operate properly for lack of sufficient resources.
Toda Helaba v času vloge kapitala še zdaleč ni bila v položaju, v katerem pravilno delovanje zaradi pomanjkanja lastnih sredstev ne bi bil več mogoče.
The capital injection was therefore not needed in order to keep the Landesbank in operation.
Vloga kapitala torej ni bila potrebna za ohranjanje pravilnega delovanja deželne banke.
The conscious economic calculation by the Land as (joint) owner also enabled the Landesbank to seize future opportunities in its competitive business.
Ta zavestni ekonomski izračun dežele Hessen kot (so)lastnice je deželni banki omogočil, da tudi v prihodnosti izkorišča tržne priložnosti na področju konkurenčnih dejavnosti.
The ‘necessity requirement’ for Anstaltslast does not apply to such a normal economic decision by the Land as (joint) owner of the bank.
„Zasilni predpis“ programa pomoči Anstaltslast pa ne velja za tako običajno ekonomsko odločitev dežele Hessen kot (so)lastnice.
In the absence of another applicable existing state aid scheme pursuant to Articles 87(1) and 88(1) of the EC Treaty, the capital injection must be classed as new aid within the meaning of Articles 87(1) and 88(3) of the EC Treaty, and examined as such.
Ob odsotnosti drugega uporabnega obstoječega programa pomoči v skladu s členoma 87(1) in 88(1) Pogodbe ES se mora vloga kapitala označiti kot nova pomoč v smislu členov 87(1) in 88(3) Pogodbe ter ustrezno preučiti.
The aid cannot be found compatible either under Article 87(2) or (3) or under any other provision of the Treaty.
Navedena pomoč se niti v skladu s členom 87(2) ali (3) niti v skladu s katero koli druge določbo Pogodbe ES ne more obravnavati kot skladna s skupnim trgom.
The aid should therefore be declared incompatible with the common market and the aid element of the measure illegally put into effect should be recovered by the Germany,
V skladu s tem se spozna za neskladno s skupnim trgom in element pomoči nezakonitega ukrepa mora Nemčija zahtevati nazaj –
The waiver of an appropriate remuneration amounting to 0,3 % a year (before corporation tax) for the part of the capital transferred by the Land of Hessen to the Landesbank Hessen-Thüringen — Girozentrale which the latter has been able to use as a guarantee as from 31 December 1998 is aid which is incompatible with the common market.
Odpoved primernemu nadomestilu v višini 0,3 % letno (pred davkom od dobička) za tisti del kapitala, prenesenega s strani Hessna na Landesbank Hessen-Thüringen – Girozentrale, ki ga ta lahko po 31. decembru 1998 uporablja kot jamstvo, predstavlja pomoč, ki ni skladna s skupnim trgom.
The aid referred to in paragraph 1 amounts to EUR 6,09 million for the period from 31 December 1998 to 31 December 2003.
Pomoč, navedena v odstavku 1, znaša za obdobje med 31. decembrom 1998 in 31. decembrom 20036,09 milijona EUR.
Germany shall discontinue the aid referred to in Article 1(1) by 31 December 2004.
Nemčija ukine pomoč, navedeno v členu 1(1), najkasneje do 31. decembra 2004.
Germany shall take all necessary measures to recover the aid referred to in Article 1(1) which was unlawfully made available to the beneficiary.
Nemčija sprejme vse potrebne ukrepe, da prejemnica vrne pomoč, navedeno v členu 1(1) in dano na razpolago nezakonito.
The amount to be recovered shall include the following:
Znesek, ki se mora vrniti, vključuje naslednje:
for the calculation period 31 December 1998 to 31 December 2003, the amount specified in Article 1(2);
za obdobje izračuna med 31. decembrom 1998 in 31. decembrom 2003 znesek, naveden v členu 1(2);
for the calculation period from 1 January 2004 to the time when the aid is discontinued, an amount determined in accordance with the calculation method specified in Article 1(1).
za obdobje izračuna med 1. januarjem 2004 in ukinitvijo pomoči znesek, ki se določi na podlagi metode izračuna, navedene v členu 1(1).
Recovery shall be effected without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of this Decision.
Vračilo se izvede nemudoma in skladno s postopki nacionalne zakonodaje, če omogočajo takojšnjo in učinkovito izvajanje te odločbe.
The amount to be recovered shall include interest from the date on which the unlawful aid was at the disposal of the beneficiary until the date of its recovery.
Znesek, ki se mora vrniti, vključuje obresti, ki se plačajo od datuma, ko je bila nezakonita pomoč prejemnici na razpolago, do dejanskega vračila.
Interest shall be calculated in accordance with the provisions of Chapter V of Commission Regulation (EC) No 794/2004Article 4
Obresti se izračunajo v skladu z določbami iz poglavja V Uredbe Komisije (ES) št. 794/2004.Člen 4
Germany shall, using the form set out in the Annex, inform the Commission, within two months of notification of this Decision, of the measures which it has taken in order to comply with it.
Nemčija obvesti Komisijo v dveh mesecih po objavi te odločbe z izpolnitvijo vprašalnika, prikazanega v Prilogi, o ukrepih, sprejetih za izvajanje te odločbe.
This Decision is addressed to Germany.
Ta odločba je naslovljena na Zvezno republiko Nemčijo.
OJ C 72, 26.3.2003, p. 3.
UL C 72, 26.3.2003, str. 3.
OJ C 140, 5.5.1998, p. 9 (Decision to initiate proceedings).
UL C 140, 5.5.1998, str. 9 (odločitev o sprožitvi postopka).
OJ L 150, 23.6.2000, p. 1; actions challenging that decision were brought by Germany (before the Court of Justice, Case-C 376/99), by North Rhine-Westphalia (before the Court of First Instance, Case T-233/99) and by WestLB (before the Court of First Instance, Case T-228/99); the Commission brought proceedings for an infringement of the Treaty (before the Court of Justice, C-209/00).
UL L 150, 23.6.2000, str. 1. Proti tej odločitvi so vložile tožbo Nemčija (Sodišče Evropskih skupnosti, zadeva C 376/99), dežela Severno Porenje-Vestfalija (Sodišče prve stopnje ES, zadeva T-233/99) in WestLB (Sodišče prve stopnje ES, zadeva T 228/99); Komisija pa je začela postopek glede kršitev Pogodbe (Sodišče Evropskih skupnosti, zadeva C 209/00).
Joined Cases T-228/99 and T-233/99 Westdeutsche Landesbank Girozentraleand Land Nordrhein-Westfalen v Commission [2003] ECR II-435.
Sodba z dne 6. marca 2003 v združenih zadevah T-228/99 in T-233/99, Westdeutsche Landesbank Girozentrale in dežela Severno Porenje-Vestfalija, Recueil 2003, II-435.
NordLB: OJ C 81, 4.4.2003, p. 2; BayernLB: OJ C 81, 4.4.2003, p. 13; HLB: OJ C 81, 4.4.2003, p. 24; Helaba: OJ C 73, 26.3.2003, p. 3; LBKiel: OJ C 76, 28.3.2003, p. 2.
NordLB: UL C 81, 4.4.2003, str. 2; BayernLB: UL C 81, 4.4.2003, str. 13; HLB: UL C 81, 4.4.2003, str. 24; Helaba: UL C 73, 26.3.2003, str. 3 in LBKiel: UL C 76, 28.3.2003, str. 2.
Confidential information, also indicated below by [...].
Zaupen podatek, tudi v nadaljevanju označen z […]
OJ L 386, 30.12.1989, repealed and replaced by Directive 2000/12/EC, OJ L 126, 26.5.2000.
UL L 386, 30.12.1989, ki je bila razveljavljena in nadomeščena z Direktivo 2000/12/ES UL L 126, 26.5.2000.
OJ L 124, 5.5.1989, repealed and replaced by Directive 2000/12/EC.
UL L 124, 5.5.1989, ki je bila razveljavljena in nadomeščena z Direktivo 2000/12/ES.
Letter from Germany of 23 June 2004, p. 2-7.
Stališče Nemčije z dne 23. junija 2004, str. 2–7
See Germany's letter of 9 April 2003, p. 25: variable-interest-rate tranche of the silent partnership contribution of USD 700 million with a term of ten years taken up by Deutsche Bank in January 1998.
Glej mnenje Nemčije z dne 9. aprila 2003, str. 25: spremenljivo obrestovana tranša vloge tihe družbe v višini 700 milijonov USD za obdobje 10 let, ki jo je januarja 1998 prejela Deutsche Bank.
See Germany's letter of 9 April 2003, p. 25: tranche of the silent partnership contribution of USD 1000 million with a term of 32 years taken up by Dresdner Bank in May 1999.
Glej mnenje Nemčije z dne 9. aprila 2003, str. 25: tranša vloge tihe družbe v višini 1000 milijonov USD za obdobje 32 let, ki jo je maja 1999 prejela Dresdner Bank.
See chart in annex 15 of Germany's letter of 9 April 2003.
Glej grafikon iz Priloge 15 mnenja Nemčije z dne 9. aprila 2003.
[...] states: ‘[...]’
[…] se glasi: „[…]“
See Börsenzeitung of 7 November 2003 and International Financial Review of 22 November 2003.
Glej Börsenzeitung z dne 7. novembra 2003 in International Financial Review z dne 22. novembra 2003.
+) The names of the listed banks in the private sector are confidential information and are referred to as Bank A, Bank B and Bank C.
+) Imena navedenih velikih bank v zasebnem sektorju so zaupen podatek in so v razpredelnici označena z Banka A, Banka B in Banka C.
On the basis of full appropriation to core capital.
izhajajoč iz popolnega vračunanja temeljnega kapitala
Including cumulative preference shares after deconsolidation of trust companies.
vključno s kumulativnimi prednostnimi delnicami po razdružitvi družb za fiduciarne posle
Judgment in Joined Cases T-228/99 and T-233/99.
Sodba v združenih zadevah T-228/99 in T-233/99.
WestLB judgment paragraph 206 et seq.
Sodba v zadevi WestLB, odstavek 206 in dalje.
Confidential information, designated here as bank I.
Zaupen podatek, tu označeno kot Banka I
Confidential information, designated here as bank II.
Zaupen podatek, tu označeno kot Banka II.
Confidential information, designated here as bank III.
Zaupen podatek, tu označeno kot Banka III.
Confidential information, designated here as bank IV.
Zaupen podatek, tu označeno kot Banka IV.
Confidential information, designated here as bank V.
Zaupen podatek, tu označeno kot Banka V
Communication from the Federal Government of 1 October 2004, p. 16.
Sporočilo nemške zvezne vlade z dne 1. oktobra 2004, str. 16.
Germany's reply of 23 June 2004, p. 12.
Odgovor Nemčije z dne 23. junija 2004, str. 12.
Germany's reply of 23 June 2004, p. 12, Annex 29/2004, Fitch Ratings: Bank Rating Methodology: May 2004, p. 12: ‘Principal considerations are profitability, balance sheet integrity (including capitalisation), franchise, management, operating environment, consistency, as well as size (in terms of a bank's equity capital)’.
Odgovor Nemčije z dne 23. junija 2004, str. 12, Priloga 29/2004, Fitch Ratings: Bank Rating Methodology: maj 2004, str. 12: „Principal considerations are profitability, balance sheet integrity (including capitalisation), franchise, management, operating environment, consistency, as well as size (in terms of a bank's equity capital)“.
Germany states that the reason for this, as already mentioned, was the fact that the minimum supervisory standards for capital ratios (core capital ratio of 4,0 %, overall ratio or equity ratio of 8,0 %) were more than met during the relevant period, which was a significant difference compared to the situation with WestLB.
Razlog za to, kakor je bilo že navedeno, je dejstvo, da so bili minimalni nadzorni standardi za kapitalski delež (delež temeljnega kapitala 4,0 %, celoten delež ali delež lastnih sredstev 8,0 %) več kot izpolnjeni v zadevnem obdobju, kar je pomembna razlika v primerjavi s položajem WestLB.
In 1997, for example, i.e. before the contribution, in accordance with Principle I to Section 10a of the German Banking Act, the core capital ratio was 4,8 % for the Helaba group and 5,0 % for the Helaba institution on its own.
Leta 1997, na primer, t.j. pred vlogo, je v skladu z načelom I k členu 10a KWG delež temeljnega kapitala znašal 4,8 % za koncern Helaba in 5,0 % za samo institucijo Helaba.
In accordance with the principles of the Bank for International Settlements, the core capital ratio (tier 1) was 5,4 % in 1997.
V skladu z načeli Banke za mednarodne poravnave je bil leta 1997 delež temeljnega kapitala (tier I) 5,4 %.
The overall ratio and equity ratio in 1997 were 8,9 % and 9,6 % for the group and 9,2 % for the institution on its own.
Celoten delež in delež lastnih sredstev sta bila leta 1997 8,9 % in 9,6 % za koncern in 9,2 % za samo institucijo.
Even against the background of the business growth planned by Helaba for the following financial years, there was no direct need for the taking-up of core capital amounting to EUR 1 264.4 million.
Tudi ob upoštevanju poslovne rasti, ki jo je Helaba načrtovala za prihodnja poslovna leta, ni bilo neposredne potrebe za sprejem temeljnega kapitala v višini 1264,4 milijona EUR.
See Germany's reply of 9 April 2003, Annex 15-16.
Glej pripombe Nemčije z dne 9. aprila 2003, Priloga 15–16.
The figures relate to the refinancing premium for euro banks as opposed to federal loans and the refinancing premium on bank bonds (10-year mortgage bonds) as opposed to federal loans.
Podatki se nanašajo na pribitek za refinanciranje za evropske banke za nemške obveznice in na pribitek za refinanciranje na bančne obveznice (10-letne hipotekarne obveznice) za pribitek za nemške obveznice.
In the absence of figures for the corresponding refinancing premium as compared with US treasuries and on the basis of their fundamental economic comparability, the Commission is using the above-mentioned corridor for refinancing premiums for US treasuries as well, since it is not precise figures, but the order of magnitude that matters in determining the corridor for the relevant liability remuneration..
Zaradi pomanjkanja podatkov o ustreznem pribitku za refinanciranje za ameriške obveznice in na podlagi načelne gospodarske primerljivosti Komisija uporablja zgoraj naveden razpon za pribitke za refinanciranje tudi za ameriške obveznice, saj pri določanju razpona za ustrezno nadomestilo za jamstvo ne štejejo natančni podatki temveč red velikosti.
See in particular Germany's reply of 9 April 2003, Annexes 2-4, 8-12, 17-18.
Glej zlasti pripombe Nemčije z dne 9. aprila 2003, Priloge 2–4, 8–12, 17–18.
Downward adjustment carried out by the Commission on the basis of the data provided by Germany.
Prilagoditev z odbitkom s strani Komisije na podlagi podatkov, ki jih je posredovala Nemčija.
Refinancing premium as compared with US treasuries having the same term, see letter from Germany of 9 April 2003, p. 27.
Pribitek za refinanciranje za ameriške obveznice z enakim trajanjem, glej pripombe Nemčije z dne 9. aprila 2003, str. 27.
Second tranche fixed-interest, but equivalent terms.
Druga tranša s fiksno obrestno mero, vendar enaki pogoji.