natgillin/translations-raw huggingface dataset:
The Belgian authorities propose that KBC would retain the majority of its activities in Belgium and remain an integrated bancassurance provider.
Belgijski organi predlagajo, da bi KBC ohranila večino dejavnosti v Belgiji in da bi ostala ponudnica povezanega bančnega zavarovalništva.
According to the Belgian authorities, these activities are well-integrated under the KBC brand and form part of its core business model.
Po trditvah belgijskih organov so te dejavnosti dobro povezane pod znamko KBC in so del njenega osnovnega poslovnega modela.
However, the restructuring plan provides that KBC will sell Centea (agent based banking) and Fidea (agent based insurance).
Vendar pa načrt prestrukturiranja določa, da bo KBC prodala družbi Centea (zastopniško bančništvo) in Fidea (zastopniško zavarovalništvo).
Centea represents between […] % and […] % of the Belgian market in most product segments while Fidea represents around 2 % of the Belgian insurance market.
Centea pokriva med […] % in […] % belgijskega trga pri večini proizvodnih segmentov, Fidea pa pokriva približno 2 % belgijskega zavarovalniškega trga.
These sales will reduce the RWA of the Belgian banking unit by 16 % (EUR 3,8 billion).
S prodajo teh družb se bo tveganju prilagojena aktiva belgijske bančne enote zmanjšala za 16 % (3,8 milijarde EUR).
Central and Eastern Europe & Russia
Srednja in Vzhodna Evropa ter Rusija
According to the restructuring plan, KBC will retain its presence in 5 (out of 9) countries where it is already well-established.
Glede na načrt prestrukturiranja bo KBC ostala v petih (od devetih) državah, v katerih je že dobro uveljavljena.
Those countries are, in order of market share in traditional banking (lending and deposits); Czech Republic (22 %), Slovakia (10 %), Hungary (9 %), Poland (4 %) and Bulgaria (3 %).
Te države, razvrščene glede na tržni delež v tradicionalnem bančništvu (posojila in depoziti), so: Češka republika (22 %), Slovaška (10 %), Madžarska (9 %), Poljska (4 %) in Bolgarija (3 %).
KBC also has insurance operations in each of these countries, in line with the bancassurance model.
KBC je v vsaki od teh držav dejavna tudi na področju zavarovalništva, kar je v skladu z modelom bančnega zavarovalništva.
KBC will cease its activities in Serbia (market share of KBC 1 %), Russia (1 %), Romania ([…] %, only insurance and leasing activities) and Slovenia ([…] % – KBC has minority stake in the business concerned).
KBC bo ukinila svoje dejavnosti v Srbiji (tržni delež KBC 1 %), Rusiji (1 %), Romuniji ([…] %, vendar samo zavarovalništvo in lizingi) in Sloveniji ([…] % – KBC ima manjšinski delež v zadevni dejavnosti).
KBC will sell its operations in other countries where its market share is relatively small or its operations are not in line with the bancassurance model.
KBC bo prodala svoje dejavnosti v drugih državah, v katerih je njen tržni delež razmeroma majhen ali njene dejavnosti niso v skladu z modelom bančnega zavarovalništva.
It will also sell a Polish consumer finance subsidiary (Zagiel), which was not fully integrated in its Polish operations.
Prodala bo tudi poljsko odvisno družbo, ki se ukvarja s potrošniškim financiranjem (Zagiel) in ki ni bila v celoti povezana z njenimi poslovnimi dejavnostmi na Poljskem.
Those sales will take place over […], except the Russian activity which is not foreseen until […].
Prodaja teh družb bo potekala v […], razen prodaje v Rusiji, ki ni predvidena do […].
The RWA of the CEE-R banking unit will decrease by 11 % (EUR 4,4 billion).
Tveganju prilagojena aktiva bančne enote iz območja Srednje in Vzhodne Evrope ter Rusije se bo zmanjšala za 11 % (4,4 milijarde EUR).
Furthermore, KBC intends to list 40 % of its banks in the Czech Republic (ČSOB) and Hungary (K & H), which are currently 100 % -owned subsidiaries of KBC.
Poleg tega namerava KBC v borzno kotacijo uvrstiti 40 % svojih bank v Češki republiki (ČSOB) in Madžarski (K&H), ki sta trenutno odvisni družbi v 100-odstotni lasti KBC.
It will list them on the local stock exchanges.
Kotirali bosta na lokalnih borzah.
Merchant banking
Poslovanje s trgovci
As regards merchant banking, the restructuring plan provides that KBC will dispose or run-off significant parts of its Merchant Banking Business Unit.
V zvezi z bančnim poslovanjem s podjetji načrt prestrukturiranja določa, da bo KBC odsvojila ali likvidirala znaten del svoje poslovne enote za poslovanje s trgovci.
As a result, RWA will decrease by […] % (EUR […] billion) in that business unit.
Zato se bo tveganju prilagojena aktiva v tej poslovni enoti zmanjšala za […] % ([…] milijard EUR).
KBC FP, the entity that generated all the CDOs, will be run-off over time.
KBC FP, subjekt, ki je ustvaril vse CDO, bo sčasoma likvidiran.
KBC will sell its activities in the United Kingdom, […], as well as the Antwerp Diamond Bank, its […], […], […], […] and KBC Private Equity.
KBC bo prodala svoje dejavnosti v Združenem kraljestvu, […], pa tudi družbo Antwerp Diamond Bank, njene […], […], […], […] in družbo KBC Private Equity.
KBC will retain the activities which are necessary to service its core SME and corporate clients, mainly Belgian.
KBC bo obdržala dejavnosti, ki so potrebne za izvajanje storitev za glavna mala in srednje velika podjetja in družbe, predvsem belgijske.
These are activities such as fundraising and currency transactions.
Med te dejavnosti spadata zbiranje sredstev in transakcije v valutah.
KBC will retain its corporate banking business, foreign branches that are necessary to service local corporate customers with activities abroad, KBC Securities, Market and Assurisk (reinsurance).
KBC bo obdržala dejavnost bančnega poslovanja s podjetji, tuje podružnice, ki so potrebne za izvajanje storitev za lokalna podjetja, ki poslujejo v tujini, ter družbe KBC Securities, Market in Assurisk (pozavarovalništvo).
Private banking
Zasebno bančništvo
In accordance with the restructuring plan, KBC will sell all the businesses in its European Private Banking unit.
KBC bo v skladu z načrtom prestrukturiranja prodala vse družbe v svoji enoti za evropsko zasebno bančništvo.
KBC intends to sell these activities in […].
KBC namerava te dejavnosti prodati v […].
This will reduce RWA by EUR 5,7 billion.
Tveganju prilagojeno aktivo bo to zmanjšalo za 5,7 milijarde EUR.
Shared Services
Skupne službe
Given the nature of this business unit, the restructuring plan provides that KBC will maintain most activities.
Zaradi narave te poslovne enote je v načrtu prestrukturiranja predvideno, da bo KBC ohranila večino dejavnosti.
KBC will keep activities such as asset management, trade finance, leasing and consumer finance.
Obdržala bo dejavnosti, kot so upravljanje premoženja, trgovinsko financiranje, lizing in potrošniško financiranje.
KBC will divest several activities, such as […], in amongst others […].
Odsvojila bo več dejavnosti, kot je […], med drugim […].
As a result of the divestments, RWA will decrease by approximately EUR […] million.
Zaradi odsvojitev se bo tveganju prilagojena aktiva zmanjšala za približno […] milijonov EUR.
FINANCIAL RESTRUCTURING
FINANČNO PRESTRUKTURIRANJE
In order to both repay the State and maintain 10 % Tier-1 capital, the restructuring plan contains the following financial restructuring measures:
Da bi KBC odplačala dolg do države in obdržala 10 % kapitala prvega reda, načrt prestrukturiranja vključuje naslednje ukrepe za finančno prestrukturiranje:
The listing of 40 % of the shares of ČSOB bank in the Czech Republic (estimated value of stake listed: EUR […] billion);
uvrstitev 40 % delnic banke ČSOB v Češki republiki v borzno kotacijo (ocenjena vrednost deleža za uvrstitev: […] milijard EUR);
The listing of 40 % of the shares of K & H bank in Hungary (estimated value of stake listed: EUR […] million);
uvrstitev 40 % delnic banke K&H na Madžarskem v borzno kotacijo (ocenjena vrednost deleža za uvrstitev: […] milijonov EUR);
The sale and lease back of headquarter offices, estimated to yield EUR […] million upfront;
prodajo in povratni zakup prostorov na sedežu podjetja, kar naj bi po ocenah vnaprej prineslo […] milijonov EUR dobička;
The sale of Treasury shares (KBC’s holding of its own shares), estimated to yield EUR […] million.
prodajo trezorskih delnic (lastne delnice v lasti KBC), kar naj bi po ocenah prineslo […] milijonov EUR dobička.
Total capital raised as a result of the above measures is envisaged to be around EUR […] billion, mainly achieved by.
Po ocenah naj bi z navedenimi ukrepi zbrali približno […] milijard EUR, kar bi dosegli predvsem z […]
REPAYMENT OF THE STATE
ODPLAČILO DRŽAVE
As the repayment of the nominal amount of the recapitalisation progresses, the remuneration of the Belgian authorities through the coupon payments declines.
Z napredovanjem odplačevanja nominalnega dokapitalizacijskega zneska se nadomestilo belgijskih organov s plačevanjem kuponov zmanjšuje.
KBC plans to start the repayment in 2012 (EUR […] billion) and estimates that the capital injections will be completely paid back […] in the base case.
KBC namerava odplačevanje začeti leta 2012 ([…] milijard EUR) in ocenjuje, da bodo kapitalski vložki v osnovnem scenariju v celoti odplačani […].
COMMITMENTS OF THE BELGIAN AUTHORITIES
ZAVEZE BELGIJSKIH ORGANOV
Behavioural commitments
Zaveze glede ravnanja
The Belgian authorities commit, within the limits of their respective competences, to ensure KBC’s compliance with the commitments listed in recitals 63 to 77 inclusive.
Belgijski organi se zavezujejo, da bodo v okviru svojih pristojnosti zagotovili skladnost KBC z zavezami iz uvodnih izjav od 63 do vključno 77.
With regard to the duration of these behavioural commitments, the Belgian authorities commit that, without prejudice to the possibility for the Commission to grant an exemption, notably on the basis of a sufficiently reasoned request from the Belgian authorities, the behavioural commitments listed in recitals 63 to 77 inclusive apply for a duration of […] years from the date of the Commission’s decision or, until the nominal amounts subscribed to by the Belgian authorities, on 19 December 2008 and on 20 July 2009 respectively, have been redeemed, whichever is earlier [30].
V zvezi s trajanjem teh zavez glede ravnanja se belgijski organi zavezujejo, da se brez poseganja v možnost, da Komisija odobri izjemo, predvsem na podlagi ustrezno utemeljene zahteve belgijskih organov, zaveze glede ravnanja iz uvodnih izjav od 62 do vključno 77 uporabljajo […] let od datuma odločitve Komisije ali dokler se nominalni zneski, ki so jih belgijski organi vpisali 19. decembra 2008 oziroma 20. julija 2009, ne odplačajo, kar je prej [30].
The Belgian authorities commit that KBC shall endeavour to maintain its lending policy to the real economy in countries where it has retail operations.
Belgijski organi se zavezujejo, da si bo KBC prizadevala ohranjati posojilno politiko realnemu gospodarstvu v državah, v katerih opravlja prodajne operacije.
The credit provided by KBC will be on commercial terms.
Kredit, ki ga zagotovi KBC, bo ponujen po tržnih pogojih.
They further commit that KBC will maintain its solvency ratio of core Tier-1 at minimal […] % and its basic own funds at […] % [31].
Poleg tega se še zavezujejo, da bo KBC ohranjala delež plačilne sposobnosti temeljnega kapitala prvega reda na najmanj […] %, osnovna lastna sredstva pa na […] % [31].
With regard to a ban on acquisitions, the Belgian authorities commit that KBC will refrain from acquiring control, as defined by Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) [32], of financial institutions.
V zvezi s prepovedjo prevzemov se belgijski organi zavezujejo, da se bo KBC vzdržala prevzemanja nadzora, kakor je to določeno v Uredbi (ES) št. 139/2004 z dne 20. januarja 2004 o nadzoru koncentracij podjetij (Uredba ES o združitvah) [32], za finančne ustanove.
KBC will moreover refrain from acquiring control of businesses other than financial institutions if such an acquisition would slow down the repayment of the amount of EUR 7 billion of core Tier-1 Yield Enhanced securities to the Belgian authorities as planned in the restructuring plan that was notified to the Commission on 30 September 2009 and approved by this Decision.
KBC se bo poleg tega vzdržala prevzemanja nadzora v podjetjih, ki niso finančne ustanove, če bi tak prevzem upočasnil odplačevanje temeljnih vrednostnih papirjev prvega reda s povečanim donosom v vrednosti 7 milijard EUR belgijskim organom, kakor je bilo načrtovano v načrtu prestrukturiranja, ki je bil Komisiji priglašen 30. septembra 2009 in ki je bil odobren s tem sklepom.
Notwithstanding that prohibition, KBC may acquire businesses if it obtains the Commission’s approval, in particular if it is considered essential to safeguard financial stability or competition in the relevant markets.
Ne glede na to prepoved lahko KBC prevzame podjetja, če pridobi soglasje Komisije, še posebno če se šteje, da je prevzem bistvenega pomena za zaščito finančne stabilnosti ali konkurenčnosti na ustreznih trgih.
The Belgian authorities commit that KBC will adhere to the following price leadership ban:
Belgijski organi se zavezujejo, da bo KBC spoštovala naslednjo prepoved določanja cen:
In Community-markets in which KBC has a market share of more than [0-10 %] on the product markets as defined in point (ii) below, KBC will not offer more favourable prices on standardized products than the best priced competitor of KBC among the top ten market players in terms of market share on this geographic and product market;
KBC na trgih Skupnosti, na katerih ima na trgih produktov, kakor so opredeljeni v točki (ii) spodaj, tržni delež, večji od [0–10 %], ne bo ponujala ugodnejših cen za standardizirane produkte kot najugodnejši konkurent KBC med glavnimi desetimi akterji na trgu glede na tržni delež na tem geografskem trgu in trgu produktov;
The product markets to which the condition set out in point (i) applies are limited to: KBC’s standardized products on the retail deposit market, deposits for SME’s (SME defined according to SME definition as operated by KBC) and retail mortgage market;
trgi produktov, za katere se uporablja pogoj iz točke (i), so omejeni na: standardizirane produkte KBC na trgu depozitov za prebivalstvo, depozitov za mala in srednje velika podjetja (mala in srednje velika podjetja so opredeljena glede na opredelitev za mala in srednje velika podjetja, ki jo uporablja KBC) ter trgu hipotek za prebivalstvo;
As soon as KBC becomes aware of the fact that it offers more favourable prices for its products than the best priced provider, KBC will as soon as possible adjust, without any undue delay, its price to a level which is in accordance with this commitment;
takoj ko KBC ugotovi, da ponuja za svoje produkte ugodnejše cene kot najugodnejši ponudnik, čim prej in brez neupravičenih zamud prilagodi cene na raven, ki je v skladu s to zavezo;
That condition does not apply to the Belgian market, where no price leadership ban will apply.
ta pogoj se ne uporablja za belgijski trg, na katerem se prepoved določanja cen ne uporablja.
The Belgian authorities also commit that KBC will refrain from mass marketing invoking the measures as an advantage in competitive terms.
Belgijski organi se zavezujejo tudi, da se bo KBC vzdržala masovnega trženja, pri katerem bi se sklicevala na državno pomoč kot na konkurenčno prednost.
With regard to the limitation of KBC executive remuneration, the Belgian authorities commit that:
Belgijski organi se v zvezi z omejitvijo za nagrajevanja vodstvenih delavcev KBC zavezujejo, da:
KBC commits to develop a sustainable remuneration policy for the Executive Committee and Senior Management.
se KBC zavezuje, da bo razvila trajnostno politiko nagrajevanja za izvršni odbor in višje vodstvo.
KBC’s Executive Committee and Senior Management incentive schemes will be linked to long-term value creation taking account of risk and restricting the potential for ‘rewards for failure’.
Sheme KBC za stimulacijo izvršnega odbora in višjega vodstva bodo povezane z ustvarjanjem dolgoročne vrednosti, s čimer se bo upoštevalo tveganje in se bo omejila možnost nagrajevanja za neuspeh.
Exit schemes or statutory compensation for dismissal are limited to twelve months’ fixed salary for KBC’s Executive Committee Members;
Sheme za odhod ali zakonsko določena nadomestila za odpoved so za člane izvršnega odbora KBC omejene na dvanajstmesečno fiksno plačo;
In addition, Executive Committees of KBC, KBC Bank NV and KBC Verzekeringen NV forego all bonuses for 2008 (cash as well as options and share rewards).
se poleg tega izvršni odbori družb KBC, KBC Bank NV in KBC Verzekeringen NV odpovedujejo vsem dodatkom za leto 2008 (gotovini in nagradam v obliki opcij in delnic).
The Belgian authorities commit that KBC will endeavour to ensure, for the benefit of the Belgian authorities, an overall return on the securities subscribed by them of minimum 10 % p.a.
Belgijski organi se zavezujejo, da si bo KBC v korist belgijskih organov prizadevala zagotoviti, da bo splošni donos na vrednostne papirje, ki jih imajo vpisane belgijski organi, najmanj 10 % letno.
The Belgian authorities commit to re-notify the first recapitalisation under Article 88(3) of the Treaty if either of the following situations arises which make it less likely that the overall return in excess of 10 % p.a. is achieved:
Belgijski organi oblasti se zavezujejo, da bodo vnovič priglasili prvo dokapitalizacijo v skladu s členom 88(3) Pogodbe, če pride do katere od naslednjih situacij, zaradi katere je manj verjetno, da bo dosežen skupen donos nad 10 % letno:
If, from 1 January 2010, KBC does not make a dividend payment during two consecutive years or, from 1 January 2009, does not make a dividend payment during three years within a period of five years; or
če od 1. januarja 2010 KBC ne izplača dividend dve leti zapored ali če od 1. januarja 2009 ne izplača dividend tri leta v petletnem obdobju, ali
If, after a period of one year where the share price remains on average above 150 % of the issue price of the securities, KBC has not repurchased, or committed to do so within three months, at least 20 % of the original investment of the State.
če po enem letu, v katerem cena delnice v povprečju ostane višja od 150 % cene vrednostnih papirjev ob izdaji, KBC ni znova odkupila vsaj 20 % izvirne naložbe države ali se ni zavezala, da bo to storila v treh mesecih.
In the same vein, the Belgian authorities commit to re-notify the second recapitalisation under Article 88(3) of the Treaty if the following situation arises which makes it less likely that the overall return in excess of 10 % p.a. is achieved:
Enako se belgijski organi zavezujejo, da bodo vnovič priglasili drugo dokapitalizacijo v skladu s členom 88(3) Pogodbe, če pride do naslednje situacije, zaradi katere je manj verjetno, da bo dosežen skupni donos nad 10 % letno:
If, from1 January 2010, KBC does not make a dividend payment during two consecutive years or, from1 January 2009, does not make a dividend payment during three years within a period of five years.
če od 1. januarja 2010 KBC ne izplača dividend dve leti zapored ali če od 1. januarja 2009 ne izplača dividend tri leta v petletnem obdobju.
Unless in either of the scenarios described in recitals 71 and 72 it can be shown that the non-payment of dividends is caused by normal market events or that despite the non-payment of dividends, the overall return will nevertheless be in excess of 10 % per annum, the Commission, without calling into question the capital injection, which has been declared compatible with the common market, can in the context of the renotification, in particular require additional behavioural constraints.
Razen če je v katerem od scenarijev, opisanih v uvodnih izjavah (71) in (72), mogoče dokazati, da so vzrok za neizplačilo dividend normalni tržni dogodki ali da bo kljub neizplačilu dividend skupni donos večji od 10 % na leto, lahko Komisija brez izpodbijanja kapitalskega vložka, ki je bil razglašen za združljivega s skupnim trgom, v okviru vnovične priglasitve še zlasti zahteva dodatne omejitve glede ravnanja.
As regards the remuneration of the alternative securities under the State Protection measure, the Belgian authorities commit that the coupon that will be payable on the alternative class of core capital securities to be issued by KBC if the Belgian authorities were to acquire more than 30 % voting rights under the Equity Range of the State Protection measure, shall be equal to […].
Belgijski organi se v zvezi z nadomestilom drugih vrednostnih papirjev v okviru državnega zaščitnega ukrepa zavezujejo, da bo kupon, ki bo plačljiv za drugi razred temeljnih vrednostnih papirjev, ki bi jih izdala KBC, če bi belgijski organi pridobili več kot 30 % glasovalnih pravic iz kapitalskega deleža državnega zaščitnega ukrepa, znašal […]
The Belgian authorities also commit that KBC or any of its subsidiaries shall not engage in the origination of Collateralized Debt Obligations (‘CDOs’) [33].
Belgijski organi se zavezujejo tudi, da KBC ali njene odvisne družbe ne bodo ustvarjale vrednostnih papirjev, zavarovanih z dolžniškimi instrumenti (v nadaljnjem besedilu: CDO) [33].
It is understood that securitisation transactions which are not caught by this definition of CDOs fall outside the scope of this commitment.
Razume se, da so posli listninjenja, ki v tej opredelitvi CDO niso zajeti, zunaj področja uporabe te zaveze.
This is for instance the case for securitisation transactions for purposes of management of regulatory capital or credit risk or to raise liquidity.
Primer tega so na primer posli listninjenja za namene upravljanja regulativnega kapitala ali kreditnih tveganj ali za dvig plačilne sposobnosti.
With regard to coupon payments and call options on hybrid capital, unless the Commission otherwise agrees to an exemption, the Belgian authorities commit that:
Belgijski organi se v zvezi z izplačili kuponov in nakupnimi opcijami za hibridni kapital, razen če se Komisija strinja z izjemo, zavezujejo, da:
Finally, the Belgian authorities have committed that KBC will organise the management rights of the Belgian authorities in respect of the guaranteed portfolio under the State Protection measure, in such a way that the interests of the Belgian authorities as the guarantor will be duly guaranteed while preserving a suitable level of flexibility for KBC to react swiftly to changing market circumstances and to make the relevant adjustments and choices as appropriate.
Nazadnje, belgijski organi so se zavezali, da bo KBC organizirala upravljavske pravice belgijskih organov glede na portfelj z zagotovljenim jamstvom na podlagi državnega zaščitnega ukrepa tako, da bodo interesi belgijskih organov kot poroka ustrezno zajamčeni, hkrati pa bo ohranjena primerna stopnja prilagodljivosti, tako da se bo KBC lahko hitro odzivala na spreminjajoče se razmere na trgu ter po potrebi naredila ustrezne prilagoditve in sprejela odločitve.
The legal documentation of the guaranteed portfolio provides for safeguards to protect third party investors, super senior counterparties and therefore, by extension, the Belgian authorities against possible conflicts of interest in the management of the guaranteed portfolio.
V pravni dokumentaciji portfelja z zagotovljenim jamstvom so predvidene varovalke, ki vlagatelje, ki so tretje osebe, in najbolj nadrejene nasprotne stranke ter posledično tudi belgijske organe varujejo pred morebitnimi nasprotji interesov pri upravljanju portfelja z zagotovljenim jamstvom.
In addition to the safeguards under the original legal documentation, the agreement with the Belgian authorities governing the State Protection measure will in particular provide for the right of the Belgian authorities to monitor the management of the guaranteed portfolio.
Poleg varovalk iz izvirne pravne dokumentacije se bo z dogovorom z belgijskimi organi, s katerim se ureja državni zaščitni ukrep, zlasti zagotavljala pravica belgijskih organov do spremljanja upravljanja portfelja z zagotovljenim jamstvom.
Where appropriate, the Belgian authorities will be granted consent rights to further protect its interests.
Kadar bo to ustrezno, bo belgijskim organom odobrena pravica do soglasja, s katero bodo še dodatno zaščitili svoje interese.
Divestments and run-down of business portfolios
Odsvojitve in likvidacija poslovnih portfeljev