natgillin/translations-raw huggingface dataset:
Furthermore, the Commission notes the argument of the Dutch authorities referred to in recital 56 concerning the relatively lesser importance of current account products in the Netherlands for cross selling other retail banking products.
Poleg tega Komisija upošteva trditev nizozemskih organov iz uvodne izjave 56, da so produkti tekočih računov na Nizozemskem razmeroma manj pomembni za navzkrižno prodajo drugih produktov s področja bančnega poslovanja s prebivalstvom.
In that regard, and in the absence of any contrary indications, the Commission accepts that in the Netherlands current account products may be of relatively low importance for cross-selling other retail banking products.
Glede tega in ker ni nasprotnih kazalnikov, se Komisija strinja, da so lahko produkti tekočih računov na Nizozemskem razmeroma nepomembni za navzkrižno prodajo drugih produktov s področja bančnega poslovanja s prebivalstvom.
Finally, the Commission takes note that ING has given several commitments to ensure that the business is viable, such as a ‘hold separate’ manager and a monitoring trustee.
Komisija upošteva tudi to, da se je ING večkrat zavezala k zagotavljanju rentabilnega poslovanja, na primer z imenovanjem poslovodje odsvojene družbe in nadzornega fiduciarja.
Both should ensure that the rights and other tangible and intangible assets of the (to-be-carved-out) business are protected, defended and preserved against ING. Also the arbitration mechanism in place which requires the new entity to receive all necessary inclusions for ensuring its viability will ensure the compliance of ING with its commitments under this Decision.
Oba morata zagotoviti, da so pravice ter druga opredmetena in neopredmetena sredstva družbe (ki bo delno izčlenjena) zavarovani in zaščiteni pred družbo ING. Tudi vzpostavljeni arbitražni mehanizem, v skladu s katerim mora novi subjekt prejeti vse potrebno za zagotovitev njegove rentabilnosti, bo zagotovil, da ING izpolnjuje svoje zaveze iz te odločbe.
Furthermore, ING will not target clients of the carved out entity regarding products transferred to WUH/Interadvies even if ING still has existing client relationships.
Poleg tega se ING ne bo usmerjala na stranke delno izčlenjenega subjekta pri produktih, prenesenih WUH/Interadvies, tudi če ima ING s temi strankami še vedno vzpostavljene odnose.
Moreover, ING will provide funding for WUH/Interadvies for […] post investment although the amount of funding will gradually decline over that period.
ING bo tudi zagotovila financiranje za WUH/Interadvies za […] po naložbi, vendar se bo to financiranje v navedenem obdobju postopno zmanjševalo.
Furthermore the Commission will […] ensure that the business is sold with the help of a divestiture trustee […].
Poleg tega bo Komisija […] zagotovila, da se družba proda s pomočjo odsvojitvenega fiduciarja […].
All those elements ensure that the entity will be viable and thus increase competition in the Dutch retail banking market.
Vsi navedeni elementi zagotavljajo, da bo subjekt rentabilen, in tako povečujejo konkurenco na nizozemskem trgu bančnega poslovanja s prebivalstvom.
The Commission therefore accepts that the divestment of WUH/Interadvies may enable a new competitor to develop business in the retail banking market in the Netherlands and may bring a new competitive force to that market.
Komisija se zato strinja, da lahko odsvojitev WUH/Interadvies novemu konkurentu omogoči, da razvije poslovno dejavnost na trgu bančnega poslovanja s prebivalstvom na Nizozemskem in nanj prinese novo konkurenčno silo.
Moreover, the Netherlands has also committed to an acquisition ban preventing ING from acquiring attractive businesses which will be likely brought to the market due to the general restructuring of financial firms and the overall sector [46].
Nizozemska se je tudi zavezala k spoštovanju prepovedi prevzemov, ki družbi ING prepoveduje prevzem privlačnih družb, ki bodo verjetno vstopile na trg zaradi splošnih prestrukturiranj finančnih podjetij in celotnega sektorja [46].
This prevents the non organic growth of ING and allows other firms not having received State aid to purchase such businesses.
To preprečuje nenotranjo rast ING, drugim podjetjem, ki niso prejela državne pomoči, pa omogoča nakup takih družb.
Furthermore the Commission considers commitment to a price leadership ban in line with the Restructuring Communication requirements in order to ensure that State aid cannot be used to offer terms which cannot be matched by competitors which are not in receipt of State aid (recital 44).
Poleg tega je zaveza družbe ING o spoštovanju prepovedi narekovanja cen po mnenju Komisije v skladu z zahtevami sporočila o prestrukturiranju, da se zagotovi, da se državna pomoč ne more uporabiti za ponujanje pogojev, ki jih konkurenti, ki ne prejemajo državne pomoči, ne morejo ponuditi (uvodna izjava 44).
In line with point 32 of the Restructuring Communication, a price leadership commitment may not be necessary in markets where significant structural commitments have been provided.
V skladu s točko 32 sporočila o prestrukturiranju zaveza glede narekovanja cen morda ni potrebna na trgih, na katerih so bile zagotovljene znatne strukturne zaveze. Odvisno od posebnosti posameznega primera ima lahko prepoved različne oblike, pri čemer je cilj najti najustreznejše ravnovesje med individualno obravnavo pomoči, ki izkrivlja konkurenco, in konkurenčnimi tržnimi pogoji.
The Netherlands have opted for providing a general price leadership ban for ING whereby ING will not offer more favourable prices than its three best priced competitors.
Nizozemska se je odločila za splošno prepoved narekovanja cen za družbo ING, v skladu s katero ING ne bo ponujala ugodnejših cen kot trije njeni cenovno najugodnejši konkurenti.
That commitment is appropriate as it targets all markets where the bank is well established with a market share of at least 5 % [48].
Zaveza je ustrezna, saj je usmerjena na vse trge, na katerih ima banka vsaj 5-odstotni tržni delež.
Moreover, ING and the Dutch authorities committed to a price leadership ban independent of market share in respect of ING Direct Europe.
Poleg tega so ING in nizozemski organi sprejeli zavezo glede prepovedi narekovanja cen neodvisno od tržnega deleža družbe ING Direct Europe.
This is justified because of the information received by the Commission pointing at aggressive commercial behaviour.
To upravičujejo informacije, ki jih je dobila Komisija in ki kažejo na agresivno poslovno ravnanje.
The effect of the ban should be that, […], ING will mainly compete on the basis of the quality of its products and services.
Učinek prepovedi bi moral biti, da […], bo ING konkurirala predvsem na podlagi kakovosti svojih produktov in storitev.
This should alleviate the concerns stated in the information addressed to the Commission indicated above in recital 6 in that respect.
To bi moralo odpraviti pomisleke v informacijah, ki so bile naslovljene na Komisijo in ki so v zvezi s tem navedene v uvodni izjavi 6 zgoraj.
Finally, the Netherlands commits that ING will refrain from mass marketing that invokes the recapitalisation measure as an advantage in competitive terms.
Nizozemska se tako zavezuje, da se bo ING vzdržala množičnega trženja, pri katerem bi se sklicevala na državno pomoč kot na konkurenčno prednost.
However, in line with the Recapitalisation Communication, there is no longer any reason to insist upon a temporary balance sheet restriction, as imposed in Decision N 528/08.
Vendar v skladu s sporočilom o prestrukturiranju ni več razloga za vztrajanje pri začasni omejitvi bilance, kot je določena v odločitvi N 528/08.
The restructuring plan presented by the Netherlands will need to be properly implemented.
Načrt prestrukturiranja, ki ga je predstavila Nizozemska, bo treba pravilno izvesti.
In order to ensure a proper implementation, the Netherlands will provide the Commission with a bi-annual monitoring report.
Da se zagotovi pravilna izvedba, bo Nizozemska dvakrat na leto Komisiji predložila poročilo o spremljanju.
In addition, the restructuring plan and the commitments provided by the Netherlands foresee a number of trustees which will assist the Commission in monitoring the implementation of the restructuring plan and various provisions therein.
Poleg tega je v načrtu prestrukturiranja in zavezah Nizozemske predvidenih več fiduciarjev, ki bodo Komisiji pomagali spremljati izvajanje načrta prestrukturiranja in različnih določb v njem.
It is common practice for the Commission to allow a Member State to adapt the commitments in case of exceptional circumstances [49].
Običajna praksa Komisije je, da državam članicam dovoli, da v izjemnih okoliščinah prilagodijo zaveze.
Therefore whenever appropriate, in response to a request from the Netherlands showing good cause, the Commission will make changes when justified on the merits either to (i) grant an extension of the time period of the measures committed by the Netherlands in this decision or (ii) waive, modify or substitute one or more of the aspects of any commitment provided by the Netherlands in this decision.
Če bo to primerno, bo zato Komisija v odgovor na zahtevo Nizozemske, ki vsebuje upravičen razlog, uvedla spremembe, če so utemeljene, in (i) odobrila podaljšanje obdobja ukrepov, h katerim se je Nizozemska zavezala v tej odločbi, ali (ii) odstopila od enega ali več vidikov katere koli zaveze Nizozemske v tej odločbi, ga spremenila ali nadomestila.
It is concluded, firstly, that on the basis of the amendments presented by the Netherlands on 20 October 2009 the IA measure is in line with the Impaired Asset Communication and should thus be declared compatible with the common market pursuant to Article 87(3)(b) of the Treaty.
Prvič, na podlagi sprememb, ki jih je Nizozemska predstavila 20. oktobra 2009, se sklene, da je ukrep OS v skladu s sporočilom o oslabljenih sredstvih in ga je zato treba razglasiti za združljivega s skupnim trgom v skladu s členom 87(3)(b) Pogodbe.
Second, it is concluded that the restructuring measures enable ING to restore its long-term viability, are sufficient with respect to burden sharing and are appropriate and proportional to offset the competition distorting effects of the aid measures in question.
Drugič, sklene se, da ukrepi prestrukturiranja omogočajo družbi ING, da ponovno vzpostavi dolgoročno rentabilnost, da so zadostni z vidika porazdelitve bremena ter primerni in sorazmerni za izničenje učinkov, ki izhajajo iz zadevnih ukrepov pomoči in izkrivljajo konkurenco.
The restructuring plan submitted, fulfils the criteria of the Restructuring Communication and should therefore be considered compatible with the common market pursuant to Article 87(3)(b) of the Treaty.
Predloženi načrt prestrukturiranja izpolnjuje merila iz sporočila o prestrukturiranju in ga je zato treba šteti za združljivega s skupnim trgom v skladu s členom 87(3)(b) Pogodbe.
The capital injection measures and the guarantees which have already been granted can therefore be prolonged in accordance with the restructuring plan.
Ukrepi, ki zadevajo kapitalski vložek, in že odobrena jamstva se torej lahko podaljšajo v skladu z načrtom prestrukturiranja.
However, the temporary balance sheet restrictions imposed in Decision N 528/08 should be removed.
Začasne omejitve bilance, določene v odločitvi N 528/08, pa je treba odpraviti.
Thirdly, it is concluded that the additional aid measures presented in the framework of the restructuring plan, that is to say the modification of the terms of the repurchase of the Core Tier 1 securities from the Netherlands and the foreseen liability guarantees, should also be declared compatible with the common market pursuant to Article 87(3)(b) of the Treaty, given the depth of the measures for addressing market distortions presented in the restructuring plan and the fact that the aid helps the beneficiary to enhance its viability.
Tretjič, sklene se, da je treba tudi ukrepe dodatne pomoči, predstavljene v okviru načrta prestrukturiranja, tj. spremembo pogojev za ponovni odkup temeljnih vrednostnih papirjev prvega reda od Nizozemske in predvidena jamstva za obveznosti, glede na pomembnost ukrepov za odpravljanje izkrivljanja trga, predstavljenih v načrtu za prestrukturiranje, in dejstvo, da pomoč pomaga upravičenki pri krepitvi njene rentabilnosti, razglasiti za združljive s skupnim trgom v skladu s členom 87(3)(b) Pogodbe.
This also concerns the aid deriving from the changed terms of the repayment arrangements of the capital granted by the Netherlands,
To zadeva tudi pomoč, ki izhaja iz spremenjenih pogojev za poplačilo kapitala, ki ga je dodelila Nizozemska –
The impaired asset measure provided by the Netherlands for the so called Alt A portfolio of ING constitutes State aid within the meaning of Article 87(1) of the Treaty.
Ukrep za oslabljena sredstva, ki ga je Nizozemska zagotovila za tako imenovani portfelj Alt-A družbe ING, pomeni državno pomoč v smislu člena 87(1) Pogodbe.
The aid is compatible with the common market, subject to the commitments set out in Annex I.
Pomoč je združljiva s skupnim trgom ob upoštevanju zavez iz Priloge I.
The restructuring aid provided by the Netherlands to ING constitutes State aid within the meaning of Article 87(1) of the Treaty.
Pomoč za prestrukturiranje, ki jo je Nizozemska zagotovila družbi ING, pomeni državno pomoč v smislu člena 87(1) Pogodbe.
The aid is compatible with the common market, subject to the commitments set out in Annex II.
Pomoč je združljiva s skupnim trgom ob upoštevanju zavez iz Priloge II.
The temporary limitation on balance sheet growth set out in the Commission’s decision of 12 November 2008 concerning the recapitalisation measure to ING, is lifted.
Začasna omejitev rasti bilance, določena v odločitvi Komisije z dne 12. decembra 2008 o ukrepu dokapitalizacije za družbo ING, se odpravi.
Commission decision in case C 10/09 (ex N 138/09) ING, OJ C 158, 11.7.2009, p. 13.
Odločitev Komisije v zadevi C 10/09 (ex N 138/09), ING, UL C 158, 11.7.2009, str. 13.
Commission decision in case N 528/08, ING, OJ C 328, 23.12.2008, p. 10.
Odločitev Komisije v zadevi N 528/08, ING, UL C 328, 23.12.2008, str. 10.
Not yet published.
Še neobjavljena.
Commission Decision of 7 July 2009 in case N 379/09 and NN 16/09, not yet published.
Še neobjavljena odločitev Komisije z dne 7. julija 2009 v zadevah N 379/09 in NN 16-2009.
The market shares in recital 19 and recital 24 on the Dutch market are based on the public figures in the Commission Decision Case No. Comp/M.4844 Fortis/ABN Amro Assets.
Tržni deleži na nizozemskem trgu iz uvodnih izjav 19 in 24 temeljijo na javno dostopnih podatkih v Odločbi Komisije v zadevi št. Comp/M.4844, Fortis/ABN Amro Assets.
The market share deviates slightly from more actualised figures provided by the Netherlands.
Tržni delež se nekoliko razlikuje od posodobljenih podatkov, ki jih je predložila Nizozemska.
However, given that the differences are not significant for the decision, the Commission reports for reasons of coherence the verified figures.
Ker pa te razlike niso bistvene za odločitev, Komisija zaradi usklajenosti navaja preverjene podatke.
Parts of this text have been replaced to ensure that confidential information is not disclosed.
Deli tega besedila so bili spremenjeni, da se ne razkrijejo zaupne informacije.
Those parts are enclosed in square brackets and marked with an asterisk.
Ti deli so navedeni v oglatih oklepajih in označeni z zvezdico.
Parts of this text have been omitted to ensure that confidential information is not disclosed.
Deli tega besedila so bili izpuščeni, da se ne razkrijejo zaupne informacije.
Those parts are indicated by three full stops enclosed in square brackets and marked with two asterisks.
Ti deli so označeni s tremi pikami v oglatih oklepajih in označeni z dvema zvezdicama.
The measure is described in detail in Commission decision N 528/08 of 12 November 2008.
Ta ukrep je podrobno opisan v odločitvi Komisije N 528/08 z dne 12. novembra 2008.
The early repayment penalty is calculated as follows: EUR 650000000 * (number of securities repurchased/500000000) * (days from issue)/365) * (prevailing price – 10)/(12,5 – 10) where prevailing price is the average of the market price 5 days before repayment, it is higher or equal to EUR 11,20 and lower or equal to EUR 12,45.
Kazen za predčasno poplačilo se izračuna tako: 650000000 EUR * (število ponovno odkupljenih vrednostnih papirjev/500000000) * (dnevi od izdaje)/365) * (prevladujoča cena – 10)/(12,5 – 10), kjer je prevladujoča cena povprečje tržne cene zadnjih petih dni pred poplačilom ter je višja od 11,20 EUR ali enaka temu znesku in nižja od 12,45 EUR ali enaka temu znesku.
Commission Decision in case N 611/08, OJ C 247, 15.10.2009, p. 2.
Odločitev Komisije v zadevi N 611/08, UL C 247, 15.10.2009, str. 2.
Commission Decision in case N 569/09, OJ C 9, 14.1.2009, p. 3.
Odločitev Komisije v zadevi N 569/09, UL C 9, 14.1.2009, str. 3.
The funding fee is the sum of 3 % (the alleged cost of funding in USD of the Dutch State) and a margin of 0,5 %.
Provizija za financiranje je vsota 3 % (domnevni stroški financiranja Nizozemske v USD) in 0,5-odstotne marže.
This would happen if ING buys back from the Dutch State the portfolio, in whole or in part.
To bi se zgodilo, če bi ING od Nizozemske portfelj v celoti ali delno odkupila nazaj.
52 % of pre-tax income for the group on average for the period 2004-2007 came from insurance.
Zavarovalniška dejavnost je v obdobju 2004–2007 ING Groep prinesla povprečno 52 % dohodka pred obdavčitvijo.
Assuming repayment after 400 days of issuance.
Ob predpostavki poplačila po 400 dneh od izdaje.
Illiquid Assets Back Facility.
Rezervna kreditna linija za nelikvidna sredstva.
In particular, whenever a divestment is being undertaken by an IPO process which has commenced and significant (30 % or more) share placements have been made prior to the end of the divestment period, the Commission (in consultation with the Dutch State, ING and the Trustee) will actively consider allowing the entity more time to place remaining shares.
Zlasti kadar se odsvojitev izvaja s postopkom prve javne ponudbe (IPO), ki se je že začel, in je bila pred koncem obdobja odsvojitve prodana že precejšnja količina (30 % ali več) delnic, bo Komisija (ob posvetovanju z nizozemskimi organi, družbo ING in fiduciarjem) dejavno preučila možnost, da subjektu dovoli več časa za prodajo preostalih delnic.
It is accepted that different trustees may be appointed with respect to different regions and/or business.
Sprejemljivo je, da se za različne regije in/ali podjetja imenujejo različni fiduciarji.
Provided that it is clear that part of the proceeds of the rights issue will be used for the coupon payments
Če je jasno, da bo del prihodkov od nove izdaje delnic s pravico prednostnega nakupa za obstoječe delničarje uporabljen za plačila kuponov.
See paragraph 26 of the Commission Communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules, OJ C 195, 19.8.2009, p. 9.
Glej odstavek 26 Sporočila Komisije o ponovni vzpostavitvi uspešnega poslovanja in oceni ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči, UL C 195, 19.8.2009, str. 9.
Assuming a EUR/USD exchange rate of 1.3.
Ob predpostavki, da je menjalni tečaj EUR/USD 1,3.
The RWA of ING Bank amounted to EUR 343 billion at the end of 2008.
RWA ING Bank je konec leta 2008 znašala 343 milijard EUR.
Considering the solvency margin requirements at the end of 2008.
Glede na zahtevano kapitalsko ustreznost konec leta 2008.
Commission Decision in case C 9/08 of 4 July 2008SachsenLB, not yet published, Commission decision of 29 May 2009 in case N 264/09; Rescue aid to HSH Nordbank AG, OJ C 179, 1.8.2009, p. 1, Commission Decision of 7 May 2009 in case N 244/09 Commerzbank, OJ C 147, 27.6.2009, p. 4.
Glej še neobjavljeno odločitev Komisije z dne 4. julija 2008 v zadevi C 9/08, SachsenLB; odločitev Komisije z dne 29. maja 2009 v zadevi N 264/09, Pomoč za reševanje HSH Nordbank AG, UL C 179, 1.8.2009, str. 1. in odločitev Komisije z dne 7. maja 2009 v zadevi N 244/09, Commerzbank, UL C 147, 27.6.2009, str. 4.
See point 7 last recital of the Restructuring Communication, as well as point 27.
Glej zadnjo alineo točke 7 in točko 27 sporočila o prestrukturiranju.
Commission Decision of 7 July 2009 in case N 379/09 and NN 16-09, not yet published.
Še neobjavljena odločitev Komisije z dne 7. julija 2009 v zadevah N 379/09 in NN 16-2009.
Composed of an adjustment of 52 bp p.a. for valuation, 15 bp p.a. for management fee and 15,6 bp p.a. for the payments foregone by the State for the period from 26 January and 25 October 2009.
Ta številka je sestavljena iz prilagoditve 52 BT na leto za vrednotenje, 15 BT na leto za provizijo za upravljanje in 15,6 BT na leto za plačila v obdobju od 26. januarja do 25. oktobra 2009, ki se jim je država odpovedala.
The Dutch State estimates its cost of funding in USD to be around 3 % for a maturity of 5-7 years, corresponding to the weighted average life of the portfolio.
Nizozemska ocenjuje svoje stroške financiranja v USD na približno 3 % za zapadlost od 5 do 7 let, kar ustreza ponderirani povprečni življenjski dobi portfelja.
Presupposing an appropriate remuneration; this was presently provided.
Ob predpostavki ustreznega nadomestila, ki je bilo zdaj zagotovljeno.
OJ C 244, 1.10.2004, p. 2.
Glej UL C 244, 1.10.2004, str. 2.
Reference was made explicitly in the banking communication at point 42.
Točka 42 sporočila o bančništvu je vsebovala izrecni sklic na te smernice.
See the impaired asset decision of 30 March 2009, point 83.
Glej odločitev o oslabljenih sredstvih z dne 30. marca 2009, točka 83.
MEMO/09/441 of 8 October 2009 — Commission recalls rules concerning Tier 1 and Tier 2 capital transactions for banks subject to a restructuring aid investigation
Glej MEMO/09/441 z dne 8. oktobra 2009 — Komisija navaja pravila glede kapitalskih transakcij prvega in drugega reda za banke, ki so predmet preiskave pomoči za prestrukturiranje.
If only the aid amount allocated to insurance is considered, it represents 50 % of the solvency margin requirements of ING Insurance.
Če se upošteva samo znesek pomoči, dodeljene zavarovalništvu, je ta enak 50 % zahtevane kapitalske ustreznosti ING Insurance.
This would be equivalent to 4 % of RWA for a bank, as it constitutes half of the minimum required capital for the entity to operate.
To bi ustrezalo 4 % RWA banke, saj pomeni polovico zahtevanega minimalnega kapitala, ki je potreben za delovanje subjekta.
The same seems to be true of ING adherence to the prohibition to advertise the recapitalisation measure which was not been respected in Italy and Spain for several days after the granting of the aid.
Zdi se, da enako velja glede tega, kako je ING spoštovala prepoved oglaševanja ukrepa dokapitalizacije; prepoved se v Italiji in Španiji nekaj dni po dodelitvi pomoči ni spoštovala.
Similar: Commission Decision of 7 May 2009 in case N 244/09 Capital injection into Commerzbank, OJ C 147, 27.6.2009, p. 4, at para. 111.
Podobno: odločitev Komisije z dne 7. maja 2009 v zadevi N 244/09, Kapitalski vložek v Commerzbank, UL C 147, 27.6.2009, str. 4. točka 111.
In Commission Decision of 7 May 2009 in case N 244/09 Commerzbank, OJ C 147, 27.6.2009, p. 4, the Commission accepted a ban in respect of three best-priced competitors.
Komisija je v odločitvi z dne 7. maja 2009 v zadevi N 244/09, Commerzbank, UL C 147, 27.6.2009, str. 4. sprejela prepoved v zvezi s tremi cenovno najugodnejšimi konkurenti.
In Commission Decision of 18 November 2009 in case C 18/09, KBC, not yet published, the Commission accepted a price leadership ban where KBC committed not to offer better prices than a best priced competitor among top ten market players in terms of market share on the relevant market.
V še ne objavljeni odločitvi z dne 18. novembra 2009 v zadevi C 18/09, KBC, je Komisija sprejela prepoved narekovanja cen, pri čemer se je KBC zavezal, da ne bo ponujal boljših cen kot cenovno najugodnejši konkurent med desetimi najboljšimi akterji na trgu z vidika tržnega deleža na zadevnem trgu.