natgillin/translations-raw huggingface dataset:
The provisions should fall considerably and presumably not rise again so quickly as private customers are expected to switch to safer forms of investment, above all deposits.
Provizije bi se lahko znatno zmanjšale in predvidoma ne bodo tako hitro zrasle, saj se bodo zasebniki verjetno odločali za druge oblike naložb, predvsem za depozite.
New legal requirements and high product transparency will in all probability increase the pressure on margins.
Tudi nove zakonske zahteve in visoka stopnja preglednosti produktov bodo po vsej verjetnosti še bolj povečevali pritisk na marže.
On the other hand, a greater contribution to profits is expected from the corporate customer business, above all SMEs.
Nasprotno se pričakuje, da se bo povečal dobiček iz poslovanja z gospodarskimi družbami, predvsem srednje velikimi podjetji.
As far as large customers are concerned, LBBW is expecting in the medium term a rise in demand for credit and also a rise in demand not only for traditional equity capital and debt capital products but also for balance sheet restructuring measures.
Glede poslovanja z velikimi strankami LBBW srednjeročno pričakuje rastoče povpraševanje po posojilih, klasičnih produktih lastnega in zunanjega kapitala, pa tudi bilančnih prestrukturiranjih.
LBBW’s financial markets business is currently profiting from one-off effects and the extremely favourable financing conditions which are resulting from the availability of large amounts of money on favourable terms from the European Central Bank.
LBBW ima pri poslovanju na finančnih trgih trenutno dobiček od enkratnih učinkov in izredno ugodnih pogojev financiranja, ki so posledica velikih količin denarja, ki jih je pod ugodnimi pogoji zagotovila Evropska centralna banka.
In the medium term, on the other hand, LBBW assumes that market volume will be positive again when the volatility in the financial markets and economic developments return to normal.
Vendar pa LBBW srednjeročno izhaja iz dejstva, da se bo obseg trga ob normalizaciji volatilnosti na finančnih trgih in gospodarskega razvoja spet pozitivno razvijal.
Specifically it is expecting moderate growth in structured capital market products and increased use of the capital market.
Konkretno računa na zmerno rast strukturiranih produktov kapitalskega trga in njegovo širšo uveljavitev.
In view of these expectations LBBW’s dependence on opportunistic business will be reduced and there will be an increase in the share of more stable sources of income.
Glede na ta pričakovanja naj bi se zmanjšala odvisnost LBBW od oportunističnega poslovanja, delež stabilnejših virov dohodka pa naj bi se povečal.
Market risks will decline and the proceeds from trading for its own account will be replaced by commission income.
Zmanjšali naj bi tržna tveganja, donose iz poslovanja za svoj račun pa nadomestili s prihodki od provizij.
The present relatively high credit risk concentration has already been reduced and will be further reduced.
Doslej relativno visoka koncentracija kreditnega tveganja je že bila zmanjšana in se bo še naprej zmanjševala.
In a pessimistic scenario in which the impaired assets for 2011, 2012 and 2013 are estimated to be more than 10 % higher than in the baseline scenario, the capital ratios would prove considerably lower than in the realistic scenario.
Po pesimističnem scenariju, v katerem so tvegana sredstva za leta 2011, 2012 in 2013 določena več kot 10 % višje kot v osnovnem scenariju, bi bili kapitalski deleži precej manjši kot po realističnem scenariju.
Nevertheless the bank would still meet the regulatory capital requirements, as the tier 1 rate would at no point fall below 7 % and the total equity capital ratio would be at least 10 % each year.
Kljub temu bi banka še vedno izpolnjevala zahteve glede regulatornega kapitala, saj delež temeljnega kapitala nikoli ne bi padel pod 7 %, skupni delež lastnega kapitala v vsakem letu pa bi znašal vsaj 10 %.
The bank has carried out additional stress tests to determine the anticipated losses from the corporate loans business, as this area could be particularly affected by the collapse in world trade due to the export focus of customers in its core markets.
Ko so se ugotavljale pričakovane izgube iz kreditnega poslovanja s podjetji, je banka dodatno testirala izjemne situacije, saj bi lahko upad svetovne trgovine to področje zaradi izvozne naravnanosti strank na njihove glavne trge še posebej prizadel.
Although this would further worsen the capital ratios, the bank would still have a sufficient capital buffer.
Čeprav bi se kapitalski deleži dalje poslabševali, bi imela banka še vedno dovolj kapitalskih rezerv.
LBBW has a diversified financing mix.
LBBW ima raznolik splet financiranja.
It mainly finances itself through (i) savings banks and other financial institutions, (ii) mortgage bonds and other securities and (iii) liabilities of its customers.
Financira se predvsem prek (i) hranilnic in drugih finančnih institutov, ii) zadolžnic in drugih vrednostnih papirjev ter (iii) obveznosti svojih strank.
According to the restructuring plan the bank will not get into financing difficulties.
Banka zaradi načrta prestrukturiranja ne bo imela ponovno težav s financiranjem.
In particular financing from state guaranteed debenture bonds, which are due by 2015, will not cause a financing gap under the plan, as the underlying assets will be reduced.
Tudi financiranje iz obveznic, za katere jamči država in bodo zapadle leta 2015, v skladu z načrtom ne bo ustvarilo finančne vrzeli, saj bodo sredstva, ki so podlaga teh obveznic, postopoma ukinjena.
The Bank has a considerable pool of eligible assets which it could resort to in the event of liquidity shortages.
Banka ima na voljo precejšen vir upravičenih sredstev pri centralni banki, po katerih lahko poseže, če bi imela likvidnostne težave.
In addition analyses that have been carried out internally for the purpose of liquidity management and stress tests have shown that the bank could overcome a further downgrading of its rating even under adverse conditions without any liquidity problems.
Poleg tega na podlagi analiz in testiranj izjemnih situacij, interno opravljenih zaradi upravljanja likvidnosti, izhaja, da bi banka lahko celo ob neugodnih pogojih brez likvidnostnih težav obvladala nadaljnji upad bonitetne ocene.
Commitments by Germany
Obljube Nemčije
Germany has undertaken that LBBW will implement the restructuring plan and has passed on the following commitments (with regard to the reduction of the balance sheet, impaired assets and sales) and behavioural undertakings:
Nemčija je zagotovila, da bo LBBW uresničila načrt prestrukturiranja, ter poslala naslednja zagotovila (v zvezi z zmanjšanjem bilančne vsote in portfeljem tveganih sredstev ter odprodajami) in zaveze glede ravnanj:
‘The Federal German Government and LBBW hereby undertake to carry out the following measures to restructure LBBW:
„Zvezna vlada in LBBW s tem zagotavljata naslednje strukturne ukrepe za prestrukturiranje LBBW:
LBBW will reduce its assets in 2008 (balance sheet total of around EUR 448 billion at 31 December 2008) by approximately EUR 182 billion, i.e. about 41 %.
LBBW bo svoj portfelj sredstev iz leta 2008 (približno 448 milijard EUR bilančne vsote na dan 31. decembra 2008) zmanjšala za približno 182 milijard EUR, to je približno 41 %.
About EUR [125-135] billion of this will be achieved by 31 December 2013.
Od tega bo približno [125–135] milijard EUR zmanjšanja uresničenega do 31. decembra 2013.
LBBW will reduce its impaired assets in 2008 (around EUR 178 billion at 31 December 2008) by approximately EUR [80-100] billion, i.e. around [40-60] %.
LBBW bo svoj portfelj tveganih sredstev iz leta 2008 (približno 178 milijard EUR na dan 31. decembra 2008) zmanjšala za približno [80–100] milijard EUR, to je približno [40–60] %.
About EUR [60-80] billion of this will be achieved by 31 December 2013.
Od tega bo približno [60–80] milijard EUR zmanjšanja uresničenega do 31. decembra 2013.
LBBW will sell in the best way possible the following holdings, where they have not already been sold, by no later than the stated times.
LBBW bo naslednje pridružene družbe, če še niso bile odprodane, po najboljših močeh odprodala najpozneje do navedenih možnih rokov.
In doing this the main value determining elements of the present volume of business of the holdings will be preserved until the sale and sold.
Pri tem je treba bistvene elemente, ki določajo vrednost današnjega obsega dejavnosti pridruženih družb, ohraniti do prodaje in dati na prodaj.
Sachsen DV Betriebs- und Servicegesellschaft mbH (sold in August 09)
Sachsen DV Betriebs- und Servicegesellschaft GmbH (prodano avgusta 2009);
quirin bank AG (sold in September 09)
quirin bank AG (prodano septembra 2009);
DekaBank Deutsche Girozentrale (sale envisaged by the end of […])
DekaBank Deutsche Girozentrale (prodaja predvidena do konca […]);
Lasssarus Handels GmbH (sale/liquidation envisaged by the end of […])
Lasssarus Handels GmbH (prodaja/likvidacija predvidena do konca […]);
LBBW Securities LLC (broker/dealer) (sale/closure envisaged by the end of […])
LBBW Securities LLC (broker/dealer) (prodaja/zaprtje predvideno do konca […]);
LBBW Luxemburg SA (sale of […] envisaged by the end of […], liquidation of […])
LBBW Luxemburg S.A. (prodaja […] predvidena do konca […], likvidacija […]);
LRI Invest SA (sale envisaged by the end of […])
LRI Invest S.A. (prodaja predvidena do konca […]);
LBBW Asset Management (Ireland) plc (sale or closure envisaged by the end of […])
LBBW Asset Management (Ireland) plc (prodaja oziroma zaprtje predvideno do konca […]);
i. LBS Landesbausparkasse Baden-Württemberg […] (sale envisaged by the end of […])
i. LBS Landesbausparkasse Baden-Württemberg (prodaja predvidena do konca […]);
SV Sparkassen Versicherung Holding AG (sale envisaged by the end of […])
SV Sparkassen Versicherung Holding AG (prodaja predvidena do konca […]);
LBBW Immobilien GmbH (housing stock) (sale envisaged by the end of […])
LBBW Immobilien GmbH (stanovanja) (prodaja predvidena do konca […]);
[…] (sale envisaged by the end of […])
[…] (prodaja predvidena do konca […]);
[…] (sale envisaged by the end of […]).
[…] (prodaja predvidena do konca […]).
A sale of one of the holdings referred to in paragraph 5 may be postponed by […] months, but until no later than 31 December 2013, if LBBW shows that the price that would be obtained by the transaction is lower than the book value of the holding in the individual accounts drawn up by LBBW in accordance with the German Commercial Code or would produce losses in the group accounts in accordance with the IFRS accounting standards.
Eno od odprodaj pridruženih družb, navedenih pod točko 5, je mogoče odložiti za […] mesecev, vendar najpozneje do 31. decembra 2013, če LBBW dokaže, da bi bil predvideni izkupiček od odprodaje, dosežen s transakcijo, nižji od zadevne knjigovodske vrednosti pridružene družbe v ločenem računovodskem izkazu LBBW v skladu s trgovinskim zakonikom ali bi pripeljal do izgub v konsolidiranem računovodskem izkazu v skladu z MSRP.
The complete and correct implementation of the commitments in paragraph 5 will be supervised and monitored in detail by a sufficiently qualified expert (trustee), preferably an auditor.
Popolno in pravilno uresničitev obljub iz točke 5 bo ves čas v celoti nadziral in podrobno preverjal ustrezno kvalificiran izvedenec, po možnosti revizor.
The trustee will also check that the purchase price is established in accordance with business criteria.
Ta izvedenec preverja tudi, ali je nakupna cena določena na podlagi gospodarskih meril.
Within three months of notification of this Decision, LBBW is to nominate a suitable independent trustee to the Commission.
LBBW v treh mesecih po prejemu tega sklepa Komisiji predlaga primernega neodvisnega izvedenca.
The Commission may require explanations and clarifications from the expert.
Komisija lahko od izvedenca zahteva razlage in pojasnila.
The costs of the expert are to be borne by LBBW.
Stroške za izvedenca nosi LBBW.
If one of the associated companies referred to under paragraph 5 were not to have been sold by the specified date, even after using all the extension possibilities available, the Commission may then provide in a separate decision that the respective associated company is sold by a divestiture trustee.
Če ena od pridruženih družb iz točke 5 ne bo prodana do vsakokrat navedenega roka niti po izčrpanju vseh razpoložljivih možnosti za podaljšanje tega roka, lahko Komisija z ločenim sklepom določi, da zadevno pridruženo družbo odproda odsvojitveni fiduciar.
The costs of the divestiture trustee are to be borne by LBBW.
Stroške za odsvojitvenega fiduciarja nosi LBBW.
LBBW will close the following representation offices as quickly as possible and no later than 31 December 2010:
LBBW bo čim hitreje, najpozneje pa do 31. decembra 2010, zaprla naslednja predstavništva:
Paris
Pariz;
Milan
Milano;
Budapest
Budimpešta;
Prague
Praga.
The branches in London, New York, Singapore and Tokyo will be significantly reduced in size.
Podružnice v Londonu, New Yorku, Singapurju in Tokiu bodo precej zmanjšane.
The Federal German Government and LBBW promise that LBBW will observe the following behavioural undertakings:
Zvezna vlada in LBBW zagotavljata, da se bo LBBW držala naslednjih zavez glede ravnanj:
During the implementation of the restructuring plan LBBW will, up to 31 December 2012, only service subordinated capital or only avoid a participation in the losses of the subordinated capital in so far as it is obliged to do this without releasing reserves in accordance with section 340 et seq. HGB (German Commercial Code).
Med izvajanjem načrta prestrukturiranja, najpozneje do 31. decembra 2012, bo LBBW uporabila podrejeni kapital le oziroma se bo izognila udeležbi podrejenega kapitala pri izgubi, če je k temu zavezana tudi brez uporabe rezerv in izrednih rezerv v skladu s členom 340 f/g trgovinskega zakonika.
Until 31 December 2012 LBBW will not effect any purchases of financial institutions in competition with LBBW.
LBBW do 31. decembra 2012 ne bo kupila nobenih finančnih institucij, ki so ji konkurenčne.
Other share transactions, which are to be allotted to the original customer business as part of LBBW’s business model, will remain possible if they do not affect the viability of the bank.
Drugi posli v zvezi s pridruženimi družbami, ki jih je pripisati prvotnemu poslovanju s strankami v okviru poslovnega modela LBBW, še naprej ostajajo mogoči, če ne zmanjšujejo možnosti preživetja banke.
LBBW will assist in a general consolidation of Landesbanks in accordance with economic principles and LBBW’s new business model.
LBBW bo ob upoštevanju gospodarskih načel in v okviru svojega novega poslovnega modela prispevala k splošni konsolidaciji deželnih bank.
If mergers of individual Landesbanks come up for consideration by LBBW, LBBW will be guided by the need to ensure the long-term viability of the merged institution and its sustainable ability to make appropriate loans to the real economy.
Če se LBBW ponuja razmislek o združitvi posameznih deželnih bank, se bo pri tem ravnala po zahtevah za zagotovitev dolgoročne zmožnosti preživetja združene institucije in njene trajne sposobnosti zagotavljanja ustreznih posojil realnemu gospodarstvu.
Any purchases/mergers as part of a possible consolidation of Landesbanks will require the prior approval of the European Commission.
Za morebitne nakupe oziroma združitve v okviru možne konsolidacije deželnih bank je potrebno soglasje Komisije EU.
In the markets in which it has a significant market share, i.e. in German SME and private customer business, LBBW will until 31 December 2012 not offer any more favourable prices than the prices of the most favourable of its 10 most important competitors (by market share).
LBBW na trgih, kjer ima znaten tržni delež, to je pri poslovanju s srednje velikimi podjetji in zasebnimi strankami, do 31. decembra 2012 ne bo ponujala cen, ki bi bile ugodnejše od cen njenih desetih najugodnejših in najpomembnejših tekmecev (glede na tržni delež).
LBBW will not use the granting of this aid or any advantages over competitors arising out of the aid for advertising purposes.
LBBW dodelitve ukrepov pomoči ali prednosti, ki iz tega izhajajo, ne bo izkoristila zoper druge tekmece.
In its lending and capital investment LBBW will take into account the credit requirements of business, especially small and medium-sized enterprises, by offering generally accepted market terms which are appropriate for regulatory and banking purposes.
LBBW bo v okviru dajanja posojil in kapitalskih naložb upoštevala potrebe gospodarstva po posojilih, predvsem srednje velikih podjetij, tako da bo postavljala za trg običajne in z vidika varnega poslovanja oziroma bančniškega vidika primerne pogoje.
Furthermore LBBW will review the adequacy of its internal incentive schemes and take steps to ensure that they do not encourage unreasonable risk-taking, are geared towards long-term and sustainable business goals, and are transparent.
Nato bo preverila ustreznost svojih notranjih sistemov spodbud in si prizadevala, da ti ne bodo zavajali v neprimerna tveganja ter da bodo usmerjeni v dolgoročne podjetniške cilje in pregledni.
LBBW will further extend risk monitoring and risk supervision.
LBBW bo še naprej izpopolnjevala spremljanje in nadzor tveganj.
In the course of this it will separate the entire credit substitute business from the bank’s core business areas and assign it to an organisationally and functionally separate Internal Restructuring Unit (IRU).
Med tem bo celotno poslovanje s kreditnimi nadomestki ločila od osnovnih poslovnih področij banke ter ga dodelila organizacijsko in funkcionalno ločeni enoti za notranje prestrukturiranje.
This unit will ensure separate presentation, reporting and control of the activities to be reduced.
Ta enota bo zagotovila ločeno prikazovanje, poročanje in usmerjanje dejavnosti, ki jih je treba postopoma ukiniti.
LBBW will report separately on the savings bank business from 31 December 2010 onwards.
LBBW bo od 31. decembra 2010 dejavnost hranilnic prikazovala ločeno.
LBBW will follow a prudent, sound business policy geared towards sustainability.
LBBW bo vodila preudarno, zanesljivo in v načelo trajnosti usmerjeno poslovno politiko.
LBBW will not exploit any liquidity advantage as a result of the ECB eligibility of the guarantee structure.
LBBW ne bo izkoristila prednosti denarnega toka, ki jo ECB zagotavlja prek jamstvene strukture.
LBBW will initially pay an annual fee of 6,25 % on the initial capital relief effect retrospectively to the time of the granting of the guarantee.
LBBW z retroaktivnim učinkom od trenutka odobritve jamstva plačuje 6,25-odstotno letno premijo na podlagi začetnega kapitalskega učinka pomoči.
This will be reduced in proportion to a reduction in the available size of the guarantee.
Ta se znižuje sorazmerno z zmanjševanjem razpoložljivega obsega jamstva.
LBBW will pay an additional annual compensation of 3,75 % on the part of the guarantee for the portfolio of securitised products (ABS portfolio) which will not exceed EUR 1,5 billion. In other words, LBBW will pay this additional compensation in full as long as the guarantee amount incurred on the portfolio is still at least EUR 1,5 billion; if the amount of the guarantee falls below EUR 1,5 billion, only a compensation of 3,75 % is to be paid on the outstanding amount of the guarantee.
LBBW plača dodatno letno povračilo v vrednosti 3,75 % delnega zneska jamstva za portfelj listinjenja (portfelj ABS), ki ne presega 1,5 milijarde EUR. To pomeni, da bo LBBW plačevala polni znesek tega dodatnega povračila, dokler znesek jamstva, ki odpade na portfelj listinjenja, znaša še vsaj 1,5 milijarde EUR; če pade znesek jamstva pod 1,5 milijarde EUR, se plačuje le še nadomestilo v vrednosti 3,75 % še ne plačanega zneska jamstva.
Commitments concerning corporate governance:
Zagotovila glede upravljanja družbe
The current Administrative Board will be reshaped into an independent Supervisory Board in accordance with the model in the Corporate Governance Code.
Dosedanji upravni odbor bo po zgledu kodeksa upravljanja družb preoblikovan v neodvisni nadzorni svet.
The supervisory and monitoring functions will be exclusively concentrated in the Supervisory Board and no longer divided between two bodies (the owners’ meeting and the Administrative Board).
Nadzorne in kontrolne funkcije bodo v izključni pristojnosti nadzornega sveta in ne bodo več porazdeljene med dva organa (skupščino ustanoviteljev in upravni odbor) kot doslej.
The normal approval reservations of the Supervisory Board will apply to transactions of fundamental importance.
Za posle, ki so temeljnega pomena, ima nadzorni svet za pristanek na voljo običajne pridržke.
LBBW’s Board of Managing Directors will be independent in its day-to-day operational management and only under obligation to the company.
Uprava LBBW je pri vsakodnevnem in operativnem poslovanju neodvisna in zavezana le podjetju.
Instructions, whether from the Supervisory Board or the owners’ or annual general meetings, are excluded.
Navodila nadzornega sveta, skupščine lastnikov ali generalne skupščine so izključena.
The current owners’ meeting will be converted into an owners’ or annual general meeting.
Dosedanja skupščina ustanoviteljev bo preoblikovana v generalno skupščino ali skupščino lastnikov.
Its powers will be concentrated on the typical tasks of an annual general meeting in accordance with company law (e.g. the taking of decisions concerning the use of the profits, the conclusion of business agreements, winding-up decisions etc.).
Njene pristojnosti bodo osredotočene na značilne naloge generalne skupščine v skladu s pravom družb (npr. odločanje o uporabi dobička, sklepanje podjetniških pogodb, sklepe o likvidaciji itd.).
All the members of the Supervisory Board are to have the qualifications laid down in the latest version of the Capital Requirements Directive [11]/section 36(3)(1) of the Banking Act [Gesetz über das Kreditwesen].
Vsi člani nadzornega sveta morajo biti primerni, kot je predvideno v zadnji različici direktive o kapitalskih zahtevah [11] oziroma prvem stavku člena 36(3) KWG.
Members will be suitably qualified if they are reliable and have the necessary expertise to carry out the supervisory function and to assess and monitor the business which LBBW carries on.
Člani so primerni, če so zanesljivi in imajo strokovno znanje, potrebno za opravljanje kontrolne funkcije ter presojo in nadzor poslov, ki jih opravlja LBBW.
The number of members of the Supervisory Board will be reduced to 21.
Število članov nadzornega sveta se zmanjša na 21.
Half of the seats for the shareholders will be held by external experts.
Polovico sedežev, ki pripadajo imetnikom deležev, bodo zasedli zunanji izvedenci.
During the restructuring phase, i.e. with the introduction of the governance aspects until the completion of the change in legal form pursuant to paragraph 24 (below) in 2013, the chairmanship of the Supervisory Board will be held by a person who is a member of the Supervisory Board pursuant to paragraph 22(f) (above).
Med fazo prestrukturiranja, to je z uvedbo vidikov upravljanja družb do izvršene spremembe pravne oblike v skladu s točko 24 (spodaj) v letu 2013, bo mesto predsednika nadzornega sveta zasedala oseba, ki je član nadzornega odbora v skladu s točko 22(f) (zgoraj).
Subsequently the appointment will be made in accordance with the procedure laid down in German or European company law.
Po tem bo predsednik imenovan v skladu z zakonsko predvidenim postopkom v nemškem ali evropskem pravu družb.
Risk Committee
Odbor za tveganja
The current Credit Committee will be converted into a traditional Risk Committee, which not only has to approve loan decisions, but also has to concern itself intensively with general risk management issues.
Današnji odbor za posojila bo preoblikovan v klasični odbor za tveganja, ki v skladu z delitvami pristojnosti ne daje le soglasij za odločitve o posojilih, temveč se tudi intenzivno ukvarja s širšimi tematikami upravljanja tveganj.
A member of the Supervisory Board with appropriate banking expertise will take over the chairmanship.
Predsedovanje bo prevzel član nadzornega sveta z ustreznim strokovnim znanjem in izkušnjami na področju bančništva.
Audit Committee
Odbor za revizijo/bilanco