natgillin/translations-raw huggingface dataset:
This measure generated funds which have been used to pay back part of the BoE/HMT liquidity facility.
S tem ukrepom so bila ustvarjena sredstva, s katerimi je bil povrnjen del likvidnostnega posojila BoE/finančno ministrstvo.
The inflow of funds is certain as the measure has already been realised.
Pritok sredstev je zanesljiv, ker je bil ukrep že izveden.
NR has also reduced the aid necessary by originating a very low amount of new mortgages in 2008 and 2009 (GBP 3 billion and GBP 1,3 billion until 30 June 2009 respectively compared to GBP 32,3 billion in 2007).
Banka NR je tudi zmanjšala potrebno pomoč, tako da je v letih 2008 in 2009 odobrila zelo malo novih hipotek (3 milijarde GBP in 1,3 milijarde GBP do 30. junija 2009 v primerjavi z 32,3 milijarde GBP leta 2007).
In the light of foregoing, it is concluded that the Commission’s doubts regarding the aid being limited have been allayed and that the own contribution of NR is sufficient.
Glede na navedeno se ugotavlja, da so dvomi Komisije glede omejitve pomoči zmanjšani in da je lastni prispevek banke NR zadosten.
Burden-sharing
Porazdelitev bremena
As regards burden-sharing, the Restructuring Communication requires that the restructuring costs are not only borne by the State but also by a bank’s past investors and former shareholders.
Glede porazdelitev bremena sporočilo o prestrukturiranju določa, da stroškov prestrukturiranja ne krije le država, ampak tudi pretekli vlagatelji in nekdanji delničarji banke.
With regard to NR, the bank was nationalised and its former shareholders will only be compensated on the basis of the value of the company without any State support [46].
Banka NR je bila nacionalizirana, njeni nekdanji delničarji pa bodo prejeli nadomestilo le na podlagi vrednosti družbe brez kakršne koli podpore države [46].
As a consequence, this compensation is likely to be close to zero.
Zato bo to nadomestilo verjetno blizu nič.
This means that the former shareholders have been wiped-out and thus can be considered as having sufficiently supported the consequences of the failure of NR.
To pomeni, da so bili nekdanji delničarji izločeni, zato se lahko šteje, da so ustrezno podprli posledice neuspeha banke NR.
Furthermore, NR’s subordinated debt holders will remain with AssetCo.
Poleg tega bodo nosilci podrejenega dolga banke NR ostali pri družbi AssetCo.
This means that they will be compensated through the amounts that are recovered from AssetCo’s assets.
To pomeni, da bodo prejeli nadomestilo prek zneskov, povrnjenih iz sredstev družbe AssetCo.
As subordinated debt holders, […].
Kot nosilci podrejenega dolga […].
The State, on the other hand, will be a senior creditor by virtue of the loans (BoE/HMT liquidity facility and the working capital facility) it has provided to AssetCo.
Na drugi strani bo država prednostni upnik na podlagi posojil (likvidnostno posojilo BoE/finančno ministrstvo in pomoč v obliki obratnih sredstev), ki jih je zagotovila družbi AssetCo.
Therefore, […].
Zato […].
In addition, NR has recently decided to defer coupon payments and payments on the principal on cumulative Tier-2 and related Tier-1 instruments where it has discretion to do so.
Poleg tega se je banka NR nedavno odločila, da odloži plačila kuponov in plačila glavnice za kumulativne instrumente drugega reda in povezane instrumente prvega reda, kadar ima diskrecijsko pravico, da to stori.
The United Kingdom has furthermore provided a commitment that AssetCo will continue to defer those payments after the split-up.
Poleg tega se je Združeno kraljestvo zavezalo, da bo družba AssetCo po delitvi še naprej zagotavljala odlog teh plačil.
As a consequence, moral hazard is adequately addressed by own contribution of past capital holders in the bank.
Zato je moralno tveganje ustrezno obravnavano z lastnim prispevkom preteklih lastnikov kapitala v banki.
It is therefore concluded that NR and its capital owners have contributed to the restructuring to the maximum extent.
Zato se ugotavlja, da so banka NR in lastniki njenega kapitala v največjem možnem obsegu prispevali k prestrukturiranju.
Measures limiting the distortion of competition
Ukrepi za omejevanje izkrivljanja konkurence
The Commission, in its extension decision, expressed doubts as to whether the measures proposed by the United Kingdom to limit the distortion of competition are sufficient to offset the distortion of competition caused by the continued presence of NR’s economic activities on the market through BankCo.
Komisija je v svoji odločitvi o razširitvi postopka izrazila dvome, ali so ukrepi, ki jih je Združeno kraljestvo predlagalo za omejevanje izkrivljanja konkurence, zadostni za izravnavo izkrivljanja konkurence zaradi nadaljnjega izvajanja gospodarskih dejavnosti banke NR na trgu prek družbe BankCo.
This concern was shared by third parties, which pointed out BankCo’s strong position in the UK mortgage and savings market and suggested measures remedying the distortion of competition caused by BankCo.
To je skrbelo tudi tretje osebe, ki so izpostavile trden položaj družbe BankCo na hipotekarnem in hranilniškem trgu Združenega kraljestva ter predlagale ukrepe za odpravljanje izkrivljanja konkurence, ki ga je povzročila družba BankCo.
As regards the measures limiting the distortion of competition, the Restructuring Communication indicates that the Commission has to take into account in its assessment the amount of aid, the degree of burden-sharing and the position the financial institution will have on the market after the restructuring.
V zvezi z ukrepi za omejevanje izkrivljanja konkurence sporočilo o prestrukturiranju določa, da mora Komisija v svoji oceni upoštevati znesek pomoči, stopnjo porazdelitve bremena in položaj, ki ga bo imela finančna institucija na trgu po prestrukturiranju.
On the basis of that analysis, suitable compensatory measures should be put into place.
Na podlagi navedene analize je treba uvesti ustrezne izravnalne ukrepe.
In order to keep NR in business since September 2007 and to facilitate the split-up, a large amount of aid has been and will be necessary.
Za nadaljevanje poslovanja banke NR od septembra 2007 in pospešitev delitve je bil in bo potreben visok znesek pomoči.
However, NR will be a much smaller bank and sufficient measures limiting the distortion of competition have been put in place by the United Kingdom.
Kljub temu bo banka NR veliko manjša banka, Združeno kraljestvo pa je uvedlo ustrezne ukrepe za omejevanje izkrivljanja konkurence.
Firstly, NR will no longer continue as the same economic entity as before the State intervention.
Prvič, banka NR ne bo več isti gospodarski subjekt kot pred državno intervencijo.
It has been subject to nationalisation and a profound in-depth restructuring.
Bila je nacionalizirana ter znatno in poglobljeno prestrukturirana.
As a result, a much smaller bank than NR, BankCo, will compete on the UK retail market.
Zato bo na maloprodajnem trgu Združenega kraljestva konkurirala veliko manjša banka kot banka NR, in sicer družba BankCo.
Further reducing BankCo’s presence on the UK mortgage and savings market would endanger its viability.
Poleg tega bi zmanjšanje prisotnosti družbe BankCo na hipotekarnem in hranilniškem trgu Združenega kraljestva ogrozilo njeno sposobnost preživetja.
In 2008 and 2009 NR has voluntarily reduced its lending to very low levels (GBP 3 billion in 2008 and GBP 1,3 billion over the first half of 2009 compared to GBP 32,2 billion in 2007, see Table 1) because of the caps on its lending provided for in the Competitive Framework and by encouraging customers to transfer their loans to competitors through its active mortgage lending programme.
V letih 2008 in 2009 je banka NR prostovoljno zmanjšala svoja posojila na zelo nizke ravni (leta 2008 na 3 milijarde GBP in v prvi polovici leta 2009 na 1,3 milijarde GBP v primerjavi z 32,2 milijarde GBP leta 2007, glej preglednico 1) zaradi omejevanja njenih posojil v skladu s konkurenčnim okvirom in s spodbujanjem strank, naj svoja posojila prek njenega posojilnega programa za aktivne hipoteke prenesejo na konkurente.
The latter caused the net lending over 2008 to decrease by GBP 25,4 billion.
Slednje je povzročilo, da so se neto posojila v letu 2008 zmanjšala za 25,4 milijarde GBP.
In conclusion, NR reduced its market presence on the mortgage market from the moment the Competitive Framework was announced at the end of the first quarter of 2008.
Banka NR je torej zmanjšala svojo prisotnost na hipotekarnem trgu od trenutka razglasitve konkurenčnega okvira konec prvega četrtletja leta 2008.
Secondly, the United Kingdom has, compared with the amended restructuring plan, taken measures to make BankCo’s balance sheet smaller, with less cash and more risky assets, by reducing it by approximately GBP 4 billion.
Drugič, Združeno kraljestvo je v primerjavi s spremenjenim načrtom za prestrukturiranje sprejelo ukrepe za zmanjšanje bilančne vsote družbe BankCo ter jo je z manj denarnimi sredstvi in več tveganimi sredstvi zmanjšalo na približno 4 milijarde GBP.
BankCo will have less cash and more and lower quality mortgages.
Družba BankCo bo imela manj denarnih sredstev in več hipotek nižje kakovosti.
With less cash, BankCo will be limited in its mortgage lending capacity.
Z manj denarnimi sredstvi bo zmogljivost dajanja hipotekarnih posojil družbe BankCo omejena.
The changes made to the balance sheet by the United Kingdom contribute to addressing the concerns expressed by third parties (see section 4.2).
Spremembe bilančne vsote, ki jih je izvedlo Združeno kraljestvo, prispevajo k odpravljanju skrbi, ki so jih izrazile tretje osebe (glej oddelek 4.2).
Thirdly, the United Kingdom has provided the Commission with several commitments aimed at limiting BankCo’s market presence, which have been described in more detail in Section 5.4.
Tretjič, Združeno kraljestvo je Komisiji predložilo več zavez, katerih cilj je omejiti prisotnost družbe BankCo na trgu in ki so podrobneje opisane v oddelku 5.4.
Caps on BankCo’s retail deposits and mortgage lending have been put in place.
Določene so bile omejitve vlog na drobno in hipotekarnih posojil družbe BankCo.
In that context, it is necessary for those caps to remain in place even if exit from TPO occurs before 2011, as BankCo continues to profit from the State aid granted to it and to AssetCo in order to facilitate the split-up of NR. The aid provided ensures that BankCo will have a good starting position after the split-up.
V zvezi s tem je treba navedene omejitve ohraniti tudi, če do prenehanja delovanja v okviru začasnega javnega lastništva pride pred letom 2011, ker bo imela družba BankCo še naprej koristi od državne pomoči, ki bo dodeljena njej in družbi AssetCo, da se pospeši delitev banke NR. Dodeljena pomoč družbi BankCo zagotavlja dober začetni položaj po delitvi.
It has been rid of the risky lending of the past and has received a considerable amount of cash.
Prosta je tveganih posojil iz preteklosti in prejela je znaten znesek denarnih sredstev.
BankCo will continue to benefit from the aid after the split-up.
Družba BankCo bo po delitvi še naprej prejemala pomoč.
Early exit from TPO would not totally compensate for the distortion of competition by BankCo, thus justifying that the caps remain in place at least until the end of 2011.
Predčasno prenehanje delovanja v okviru začasnega javnega lastništva ne bi v celoti izravnalo izkrivljanja konkurence zaradi družbe BankCo, kar upravičuje ohranitev omejitev vsaj do konca leta 2011.
With regard to the concerns raised by third parties as to BankCo’s ability to crowd-out competitors through aggressive pricing strategies, the United Kingdom has given a commitment that BankCo will stay out of the Moneyfacts top 3 tables as regards mainstream mortgages (excluding mortgages with an LTV ratio greater than 80 % or products for first time buyers).
V zvezi s skrbmi, ki so jih izrazile tretje osebe glede možnosti družbe BankCo, da izloči konkurente prek agresivnih strategij oblikovanja cen, se je Združeno kraljestvo zavezalo, da se družba BankCo ne bo uvrstila med prve tri na seznamu Moneyfacts glede prevladujočih hipotek (pri čemer bodo izključene hipoteke z razmerjem LTV, ki je višje od 80 %, ali produkti za kupce začetnike).
The Moneyfacts tables include data on the top 5 mortgages in several segments that are considered to be the best buys in the market at a given moment.
Seznam Moneyfacts vključuje podatke hipotek na prvih petih mestih v več segmentih, ki se štejejo za najboljše nakupe na trgu v določenem trenutku.
For smaller banks, it is important to be visible in the Moneyfacts table as it is an effective way to come into contact with customers.
Za manjše banke je pomembno, da so opazne na seznamu Moneyfacts, ker je to učinkovit način vzpostavljanja stikov s strankami.
The United Kingdom’s commitment ensures that BankCo, although still visible, cannot offer the best price on the market.
Zaveza Združenega kraljestva zagotavlja, da družba BankCo, čeprav je še vedno opazna, ne more ponuditi najboljše cene na trgu.
Thus, potential crowding-out of competitors is limited during the years when BankCo is most reliant on State aid.
Tako je morebitno izločanje konkurentov omejeno v letih, ko je družba BankCo najbolj odvisna od državne pomoči.
Furthermore, the United Kingdom has given a commitment to sell BankCo […].
Poleg tega se je Združeno kraljestvo zavezalo, da bo prodalo družbo BankCo […].
The sale of BankCo will allow the State to recover (part of) the funds injected into NR. In addition, timely exit from TPO ensures that third parties have the possibility to acquire BankCo.
Prodaja družbe BankCo bo državi omogočila, da dobi povrnjena sredstva (del sredstev), ki jih je vložila v banko NR. Poleg tega pravočasno prenehanje delovanja v okviru začasnega javnega lastništva tretjim osebam zagotavlja možnost pridobitve družbe BankCo.
In that respect, NR’s competitors complained, above all, that while in TPO, it is easier for NR to attract retail deposits as consumers are aware that the bank is State-supported.
V zvezi s tem so se konkurenti banke NR pritoževali zlasti, da z delovanjem v okviru začasnega javnega lastništva banka NR lažje privablja vloge na drobno, ker se stranke zavedajo, da banko podpira država.
Putting an end to TPO will remove this distortion of competition.
S prenehanjem delovanja v okviru začasnega javnega lastništva bo to izkrivljanje konkurence odpravljeno.
The United Kingdom has also given a commitment that the guarantees on retail and wholesale deposits for BankCo will be withdrawn by […].
Združeno kraljestvo se je zavezalo tudi, da bodo jamstva za vloge na drobno in debelo za družbo BankCo umaknjena do leta […].
As a result, BankCo will no longer be in a more advantageous position compared to its competitors as regards retail and wholesale deposits.
Zato družba BankCo ne bo več v boljšem položaju v primerjavi s svojimi konkurenti glede vlog na drobno in debelo.
That commitment therefore addresses third party concerns regarding the continuation of the guarantees.
Navedena zaveza tako odpravlja skrbi tretjih oseb v zvezi s podaljšanjem jamstev.
As regards behavioural constraints, BankCo will be limited in its activities by an acquisition ban and a ban to promote the State guarantees and TPO.
Glede omejitev v zvezi z ravnanjem bo družba BankCo omejena pri svojih dejavnostih s prepovedjo pridobivanja in prepovedjo spodbujanja državnih jamstev in začasnega javnega lastništva.
Those measures will continue until the end of TPO.
Navedeni ukrepi se bodo izvajali do konca začasnega javnega lastništva.
The withdrawal by NR from Denmark can be regarded as a measure limiting the distortion of competition, because NR and as a consequence BankCo will no longer compete on this market.
Umik banke NR z Danske se lahko šteje za ukrep omejevanja izkrivljanja konkurence, ker banka NR in s tem družba BankCo ne bosta več konkurirali na tem trgu.
Finally, any distortion of competition by AssetCo as a result of it continuing to carry out limited economic activities is limited, as confirmed by the commitment given by the United Kingdom in point (ix) of recital 29.
Nazadnje, omejeno je vsako izkrivljanje konkurence s strani družbe AssetCo zaradi nadaljnjega izvajanja omejenih gospodarskih dejavnosti, kot potrjuje zaveza Združenega kraljestva iz točke (ix) uvodne izjave 29.
[…], its economic activities will decrease and so will the potential distortion of competition.
[…] se bodo njene gospodarske dejavnosti zmanjšale in s tem tudi morebitno izkrivljanje konkurence.
Point 46 of the Restructuring Communication indicates that, in order to verify that the restructuring plan is being implemented properly, detailed regular reports from the Member State are necessary.
V točki 46 sporočila o prestrukturiranju je določeno, da so za preverjanje, ali se načrt za prestrukturiranje pravilno izvaja, potrebna podrobna in redna poročila države članice.
Accordingly, the United Kingdom should provide the Commission with such reports every six months, starting from the date of this Decision.
V skladu s tem mora Združeno kraljestvo Komisiji takšna poročila predložiti vsakih šest mesecev od datuma te odločbe.
The continuation of measures (i)-(iii) after the split-up of NR as well as measures (iv)-(xii) set out in point 30 are considered to be restructuring aid that should be declared compatible with Article 87(3)(b) of the Treaty,
Nadaljevanje ukrepov (i)–(iii) po delitvi banke NR in ukrepi (iv)–(xii) iz točke 30 se štejejo za pomoč za prestrukturiranje, ki se mora razglasiti za združljivo s členom 87(3)(b) Pogodbe ES –
The following aid which the United Kingdom has implemented in favour of Northern Rock, BankCo and AssetCo, is compatible with the common market, subject to the conditions set out in Article 2:
Naslednja pomoč, ki jo je Združeno kraljestvo izvedlo v korist banki Northern Rock ter družbama BankCo in AssetCo, je združljiva s skupnim trgom pod pogoji iz člena 2:
the retroactive application of a lower fee on the Bank of England liquidity facility which later was novated to the UK Treasury (‘the BoE/HMT liquidity facility’) and the reimbursement of the excess fees to Northern Rock after the split-up of Northern Rock into BankCo and AssetCo;
retroaktivna uporaba nižjih provizij za likvidnostno posojilo centralne banke Velike Britanije, ki jo je pozneje zamenjalo finančno ministrstvo Združenega kraljestva („likvidnostno posojilo BoE/finančno ministrstvo“), ter povračilo za presežek provizij banki Northern Rock po delitvi banke Northern Rock na družbi BankCo in AssetCo;
the assurance by the UK Treasury to the Financial Services Authority that Northern Rock will operate above regulatory capital requirements;
zagotovilo finančnega ministrstva Združenega kraljestva organu za finančne storitve, da bo banka Northern Rock poslovala nad predpisanimi kapitalskimi zahtevami;
the continuation of the State guarantee on the retail deposits of BankCo;
podaljšanje jamstev države za vloge na drobno družbe BankCo;
the continuation of the State guarantee on wholesale deposits of BankCo;
podaljšanje jamstev države za vloge na debelo družbe BankCo;
the GBP 1,4 billion recapitalisation of BankCo;
dokapitalizacija družbe BankCo v višini 1,4 milijarde GBP;
the contingent liquidity facility of GBP 1,5 billion for BankCo;
pogojno likvidnostno posojilo v višini 1,5 milijarde GBP za družbo BankCo;
the continuation of the State guarantee on wholesale deposits of AssetCo;
podaljšanje jamstev države za vloge na debelo družbe AssetCo;
the increase of the BoE/HMT liquidity facility by up to GBP 10 billion to a maximum of GBP 23 billion;
povečanje likvidnostnega posojila BoE/finančno ministrstvo za največ 10 milijard GBP na največ 23 milijard GBP;
the recapitalisation up to GBP 1,6 billion of AssetCo; and
dokapitalizacija družbe AssetCo v višini do 1,6 milijarde GBP in
the working capital facility of GBP 2,5 billion for AssetCo.
pomoč v obliki obratnih sredstev v višini 2,5 milijarde GBP za družbo AssetCo.
The conditions referred to in Article 1 shall be as follows:
Pogoji iz člena 1 so:
there must be full operational separation between BankCo and AssetCo as soon as possible and by the end of 2010 at the latest;
čim prej in najpozneje do konca leta 2010 mora biti poslovanje družb BankCo in AssetCo popolnoma ločeno;
new lending by BankCo must be capped to GBP 4 billion in 2009, GBP 9 billion in 2010 and GBP 8 billion in 2011; in the event that BankCo remains in Temporary Public Ownership (hereinafter ‘TPO’) after 2011, a lending cap of GBP 8 billion must remain in place until 31 December 2013 or exit from TPO, whichever is earlier;
nova posojila družbe BankCo morajo biti omejena na 4 milijarde GBP v letu 2009, 9 milijard GBP v letu 2010 in 8 milijard GBP v letu 2011; če bo družba BankCo po letu 2011 še naprej delovala v okviru začasnega javnega lastništva („začasno javno lastništvo“), se mora omejitev posojil na 8 milijard GBP ohraniti do 31. decembra 2013 ali do prenehanja delovanja v okviru začasnega javnega lastništva, kar bo prej;
BankCo retail deposit balances across the United Kingdom, Ireland and Guernsey must be capped at GBP 20 billion until 31 December 2011; in the event that BankCo remains in TPO in 2012 and 2013, the retail deposit cap must be GBP 23 billion for 2012 and GBP 26 billion for 2013 or exit from TPO;
stanje vlog na drobno družbe BankCo v Združenem kraljestvu, na Irskem in na otoku Guernsey mora biti do 31. decembra 2011 omejeno na 20 milijard GBP; če bo družba BankCo še naprej delovala v okviru začasnega javnega lastništva v letu 2012 in 2013, morajo biti vloge na drobno omejene na 23 milijard GBP v letu 2012 in na 26 milijard GBP v letu 2013 ali do prenehanja delovanja v okviru začasnega javnega lastništva;
BankCo, must not rank within the top three Moneyfacts mortgage categories for 2- 3-, or 5-year fixed or variable mortgages (excluding mortgages with a loan-to-value ratio greater than 80 % and products for first time buyers) until 31 December 2011 or exit from TPO, whichever is earlier;
družba BankCo se ne sme uvrstiti v prve tri v kategorije hipotek Moneyfacts za 2-, 3- ali 5-letne fiksne ali variabilne hipoteke (razen hipotek z razmerjem med posojilom in vrednostjo zastavljenih nepremičnin, ki je višje od 80 %, in produktov za kupce začetnike) do 31. decembra 2011 ali do prenehanja delovanja v okviru začasnega javnega lastništva, kar bo prej;
the UK government must exit majority ownership of BankCo […], in this context, TPO is deemed to be exited if the UK has sold at least 50 % + 1 of BankCo’s shares to a non State-owned or controlled entity (or entities) and the UK has lost control over BankCo within the meaning of Regulation (EC) No 139/2004;
vlada Združenega kraljestva se mora odpovedati večinskemu lastništvu družbe BankCo […]; v zvezi s tem se šteje, da je začasno javno lastništvo prenehalo veljati, če Združeno kraljestvo proda vsaj 50 % + 1 delnico družbe BankCo družbi/družbam, ki ni/niso v lasti ali pod nadzorom države, in izgubi nadzor nad družbo BankCo v smislu Uredbe (ES) št. 139/2004;
BankCo […] must give public notice that the UK retail deposit guarantee will be released by […] and that the wholesale guarantee arrangements related to BankCo will be lifted by the United Kingdom by 31 December 2010;
družba BankCo […] mora javno objaviti, da se bo jamstvo Združenega kraljestva za vloge na drobno sprostilo do […] in da bo Združeno kraljestvo odpravilo ureditev jamstva za vloge na debelo v zvezi z družbo BankCo do 31. decembra 2010;
existing subordinated debt must remain in AssetCo and no principal or coupons is to be paid on subordinated debt instruments where AssetCo is contractually able to do so, […];
obstoječi podrejeni dolg mora ostati družbi AssetCo, glavnica ali kuponi pa ne bodo plačani za instrumente podrejenega dolga, kadar lahko družba AssetCo po pogodbi to stori […];
BankCo and AssetCo must not engage in acquisitions of shares in other firms or promote the Government guarantee arrangements or ownership;
družbi BankCo in AssetCo ne smeta sodelovati pri nakupu delnic v drugih podjetjih ali pospeševati ureditve jamstva ali lastništva države;