natgillin/translations-raw huggingface dataset:
Each division became responsible for its own strategy execution and balance sheet management.
Vsak del je postal odgovoren za svoje izvajanje strategije in upravljanje bilance.
The restructuring plan envisages that ING will only pursue banking activities, while Insurance will be divested over time.
V načrtu prestrukturiranja se predvideva, da bo ING dejavna le v bančništvu, medtem ko bo zavarovalništvo sčasoma odsvojeno.
Banking activities will predominantly concentrate on Europe with selective growth opportunities to be pursued in other parts of the world.
Bančne dejavnosti bodo osredotočene predvsem na Evropo in selektivne priložnosti za rast v drugih delih sveta.
ING is planning to have a strategic focus on steady profit-generating retail banking in mature markets, selected retail banking growth opportunities in Central and Eastern Europe and a European-oriented commercial banking aligned with a retail bank and a speciality finance business.
ING se namerava strateško osredotočiti na ustaljeno profitno bančno poslovanje s prebivalstvom na zrelih trgih, selektivne priložnosti za rast bančnega poslovanja s prebivalstvom v Srednji in Vzhodni Evropi ter na Evropo osredotočeno komercialno bančništvo, usklajeno s poslovanjem s prebivalstvom in posebnim finančnim poslovanjem.
The bank will operate on the basis of standardised products and a high level of automation.
Banka bo poslovala na podlagi standardiziranih produktov in visoke ravni avtomatizacije.
Instead of acquiring investments such as asset backed securities (ABS), the group will increasingly originate own assets.
Namesto pridobivanja naložb, kot so s premoženjem zavarovani vrednostni papirji (asset backed securities), bo ING Groep vse bolj ustvarjala lastna sredstva.
Cost reductions amounting to EUR 1,3 billion are planned for 2009. 35 % of the cost reduction is to be achieved by a reduction of full time equivalents (FTE)-related cost, and 65 % through other expenditure reductions including expenses for external staff, marketing activities and Formula 1 racing.
Za leto 2009 se načrtuje znižanje stroškov za 1,3 milijarde EUR. 35 % tega znižanja bo doseženega z znižanjem stroškov, povezanih z ekvivalenti polnega delovnega časa, 65 % pa z zmanjšanjem drugih izdatkov, vključno s stroški za zunanje osebje, trženje in Formulo 1.
The head office contributes to the cost reductions.
Uprava prispeva k znižanju stroškov.
As of August 2009, a cost reduction of over EUR 800 million had already been realised. To achieve that cost reduction, ING established a restructuring provision of approximately EUR 450 million after tax.
Od avgusta 2009 so se stroški znižali že za več kot 800 milijonov EUR. Da bi ING dosegla načrtovano znižanje stroškov, je določila rezervacijo za reorganiziranje v višini približno 450 milijard EUR po obračunu davkov.
ING also plans a number of risk reducing measures, such as hedging programs, reductions, closures and run-off of risky positions, and reduction of direct equity exposure.
ING načrtuje tudi številne ukrepe za zmanjšanje tveganja, kot so programi za zavarovanje pred tveganji, zmanjševanje, zapiranje in odprava tveganih položajev ter zmanjšanje neposredne izpostavljenosti iz naslova lastniških instrumentov.
As regards its investment portfolio, ING has received an asset protection measure from the Netherlands in the form of the Alt-A IA measure.
Kar zadeva investicijski portfelj družbe ING, je ta od Nizozemske prejela ukrep za varovanje sredstev v obliki ukrepa OS v zvezi s portfeljem Alt-A.
Further measures implemented by ING include a reclassification of a number of its ABS from the available for sale category into the held-to-maturity category, thus limiting the volatility of the negative revaluation reserve.
Nadaljnji ukrepi družbe ING vključujejo prerazporeditev številnih s premoženjem zavarovanih vrednostnih papirjev iz kategorije „na voljo za prodajo“ v kategorijo „v posesti do zapadlosti plačila“, s čimer se omejuje nestanovitnost negativnih revalorizacijskih rezerv.
ING will decrease its exposure to higher risk asset classes within US CMBS and US RMBS.
ING bo zmanjšala izpostavljenost sredstvom iz razredov z večjim tveganjem v okviru vrednostnih papirjev CMBS in RMBS iz ZDA.
ING will, furthermore, not start new initiatives that aim to increase its direct real estate exposure.
Poleg tega ne bo začenjala novih pobud za povečevanje svoje neposredne izpostavljenosti na trgu nepremičnin.
The Commission understands that ING will adopt a [prudent] business strategy in particular regarding ING Direct, given that ING wants to base its business […] on fair pricing […] [18] and will not act as a price leader.
Komisija razume, da bo ING sprejela [previdno] poslovno strategijo, zlasti glede ING Direct, glede na to, da želi ING opreti svoje poslovanje […] na pošteno določanje cen […] [18], in da ne bo narekovala cen.
ING is in the process of implanting a number of divestments with a significant effect as regards its balance sheet following its new business strategy.
ING v skladu s svojo novo poslovno strategijo izvaja številne odsvojitve, ki bodo pomembno vplivale na njeno bilanco.
The restructuring measures presented in ING’s revised restructuring plan will result in an expected balance sheet reduction of EUR 616 billion based on the sizes of the units on 30 September 2008.
Ukrepi prestrukturiranja, ki jih je ING predstavila v popravljenem načrtu prestrukturiranja, bodo povzročili pričakovano zmanjšanje bilance za 616 milijard EUR glede na velikost enot 30. septembra 2008.
The EUR 616 billion balance sheet reduction consists of bank deleveraging and balance sheet integration initiatives (approximately EUR […] billion), bank divestments (amounting to approximately EUR […] billion) and the divestment of all of ING Insurance (amounting to approximately EUR […] billon).
Zmanjšanje bilance za 616 milijard EUR je sestavljeno iz pobud za razdolževanje banke in integracijo bilance (približno […] milijard EUR), bančnih odsvojitev (v višini približno […] milijard EUR) in odsvojitve celotne ING Insurance (v višini približno […] milijard EUR).
Despite having a smaller balance sheet when compared with the bank, insurance accounted for about 50 % of ING’s earnings pre-crisis [19].
Čeprav ima zavarovalniška dejavnost manjšo bilanco od bančne, je pred krizo za družbo ING pomenila približno 50 % njenega dobička [19].
Compared to the balance sheet of the third quarter 2008 (that is to say EUR 1,376 billion), the total balance sheet reduction amounts to approximately 45 %.
V primerjavi z bilanco v tretjem četrtletju 2008 (to je 1376 milijard EUR) se je bilančna vsota zmanjšala za približno 45 %.
As part of the divestitures, the restructuring plan foresees that ING will carve out a fully operating and divestible retail banking company in the Netherlands (see for details recital 85 below) consisting of the current Interadvies (Westland Utrecht Hypotheekbank, Westland Utrecht Effectenbank and Nationale Nederlanden Hypotheekbedrijf, Nationale Nederlanden Financiële Diensten) to which will be attached the consumer credit portfolio of the former Postbank.
V načrtu prestrukturiranja je predvideno, da bo ING v okviru odsvojitev delno izčlenila polno delujočo in za odsvojitev pripravljeno družbo za bančno poslovanje s prebivalstvom na Nizozemskem (za podrobnosti glej uvodno izjavo 85 spodaj), sestavljeno iz sedanje Interadvies (Westland Utrecht Hypotheekbank, Westland Utrecht Effectenbank in Nationale Nederlanden Financiële Diensten), ki ji bo priključen portfelj potrošniških posojil nekdanje Postbank.
ING will seek to carve-out the Interadvies business (hereinafter ‘WUH/Interadvies’) [on the basis of a detailed schedule].
ING si bo prizadevala za delno izčlenitev družbe Interadvies (v nadaljnjem besedilu: WUH/Interadvies) [na podlagi podrobnega časovnega razporeda].
The total balance sheet of the entity will amount to about EUR [25-50] billion.
Bilančna vsota tega subjekta bo približno [25–50] milijard EUR.
[…] the divestment of WUH/Interadvies raised no financial stability risk issues the Dutch authorities provided a study on the Dutch retail banking market by an independent expert showing that current accounts, although generally considered as an anchor product for cross selling in retail banking, are not essential for distributing mortgage and other banking products in the Netherlands, and in the case of ING in particular.
[…] glede odsvojitve WUH/Interadvies se niso pojavila vprašanja tveganja finančne stabilnosti, so nizozemski organi naročili študijo o nizozemskem trgu bančnega poslovanja s prebivalstvom, ki jo je pripravil neodvisni strokovnjak in ki je pokazala, da se na splošno tekoči računi sicer štejejo za temeljne produkte, ki na področju bančnega poslovanja s prebivalstvom omogočajo navzkrižno prodajo, vendar niso bistveni za prodajo hipotekarnih posojil in drugih bančnih produktov na Nizozemskem, zlasti v primeru družbe ING.
In addition, the study points to the importance of Internet as a distribution channel in the Netherlands, reducing the necessity of a branch network for the distribution of banking products.
Poleg tega študija kaže na pomen interneta kot distribucijskega kanala na Nizozemskem, saj zmanjšuje potrebo po mreži podružnic za prodajo bančnih produktov.
According to the Dutch authorities other products can be attached to the mortgage products distributed by WUH/Interadvies.
Kot navajajo nizozemski organi, se lahko hipotekarnim produktom, ki jih ponuja WUH/Interadvies, priključijo tudi drugi produkti.
In particular the transferred consumer loans portfolio can serve as an entry point in other market products.
Zlasti preneseni portfelj potrošniških posojil je lahko vstopna točka za druge tržne produkte.
In detail, ING plans to sell or divest the following other businesses, activities or products:
Bolj podrobno, ING načrtuje prodajo ali odsvojitev naslednjih družb, dejavnosti ali produktov:
ING Life Taiwan (completed)
ING Life Taiwan (končano),
Stop selling Single Premium Variable Annuities (SPVA) in Japan (completed)
prenehanje prodaje rentnih zavarovanj z enkratnim plačilom premije in spremenljivim donosom (Single Premium Variable Annuities) na Japonskem (končano),
Run-off existing variable annuities book in the US
likvidacija obstoječega programa rentnih zavarovanj s spremenljivim donosom v ZDA,
Run-off of Financial Products business in the US
likvidacija dejavnosti finančnih produktov v ZDA,
Stop the planned launch of ING Direct Japan (completed)
prenehanje načrtovanega odprtja ING Direct Japan (končano),
Divest Non-life Insurance Canada (completed)
odsvojitev Non-life Insurance Canada (končano),
Divest Annuity and Mortgage Businesses in Chile (completed)
odsvojitev dejavnosti rentnih zavarovanj in hipotekarnih posojil v Čilu (končano),
Divest Insurance Russia — Non State Pension Fund (completed)
odsvojitev Insurance Russia — nedržavni pokojninski sklad (končano),
Divest Insurance Argentina — Origines Seg.
odsvojitev Insurance Argentina — Origines Seg.
De Retiro (completed)
De Retiro (končano),
Divest Insurance Asia — HK platform services (completed)
odsvojitev Insurance Asia — storitve hongkonške platforme (končano),
Divest Private Banking Asia and Switzerland (signed)
odsvojitev Private Banking Asia in Switzerland (podpisano),
Divest US Group Re Insurance (signed)
odsvojitev US Group Re Insurance (podpisano),
Divest Insurance Asia/Pacific (Australia (signed), New Zealand (signed) Japan, Korea, Hong Kong, India, Thailand, Malaysia)
odsvojitev Insurance Asia/Pacific (Avstralija (podpisano), Nova Zelandija (podpisano), Japonska, Koreja, Hongkong, Indija, Tajska, Malezija),
Divest Asset Management Asia/Pacific
odsvojitev Asset Management Asia/Pacific,
Divest US Employee Benefits
odsvojitev US Employee Benefits,
Divest Insurance US (US Retirement Services, US FA, Traditional Life)
odsvojitev Insurance US (US Retirement Services, US FA, Traditional Life),
Divest Asset Management US
odsvojitev Asset Management US,
Divest ING Direct US
odsvojitev ING Direct US,
Divest Insurance Latin America (Brazil, Chile, Mexico, Peru, Colombia, Uruguay)
odsvojitev Insurance Latin America (Brazilija, Čile, Mehika, Peru, Kolumbija, Urugvaj),
Divest Asset Management Latin America
odsvojitev Asset Management Latin America,
Divest Insurance Central Europe (Bulgaria, Czech Republic, Greece, Hungary, Poland, Romania, Slovakia, Spain)
odsvojitev Insurance Central Europe (Bolgarija, Češka, Grčija, Madžarska, Poljska, Romunija, Slovaška, Španija),
Divest Asset Management Europe.
odsvojitev Asset Management Europe,
Divest Insurance Benelux (Nationale Nederlanden Insurance, RVS, Retail Insurance Netherlands (former Postbank Insurance), Insurance Belgium, Insurance Luxembourg)
odsvojitev Insurance Benelux (Nationale Nederlanden Insurance, RVS, Retail Insurance Netherlands (nekdanja Postbank Insurance), Insurance Belgium, Insurance Luxembourg),
Divest the business of Interadvies (Westland Utrecht Hypotheekbank, Westland Utrecht Effectenbank, Nationale Nederlanden, Hypotheekbedrijf, Nationale Nederlanden Financiële Diensten), including the consumer credit portfolio of the former Postbank (see commitments from the Netherlands for further details).
odsvojitev družbe Interadvies (Westland Utrecht Hypotheekbank, Westland Utrecht Effectenbank, Nationale Nederlanden, Hypotheekbedrijf, Nationale Nederlanden Financiële Diensten), vključno s portfeljem potrošniških posojil nekdanje Postbank (za podrobnosti glej zaveze Nizozemske).
ING is also implementing a new remuneration policy whereby the ING Supervisory Board commits to develop a sustainable remuneration policy for the Executive Board and Senior Management.
ING uvaja tudi novo plačno politiko, s katero se je nadzorni svet družbe ING zavezal k razvoju trajnostne plačne politike za izvršni odbor in višje vodstvo.
Those incentive schemes will be linked to long-term value creation, taking account of risk and restricting the potential for ‘rewards for failure’.
Navedene spodbujevalne sheme bodo vezane na ustvarjanje dolgoročne vrednosti, upoštevanje tveganja in omejevanje možnosti za „nagrajevanje neuspeha“.
ING is committed to eliminate double leverage as soon as possible but at the latest by […].
ING se zavezuje k čimprejšnji odpravi dvojnega vzvoda, najpozneje pa do […]
Ability to achieve viability under a base and a stress scenario
Zmožnost doseganja rentabilnosti po osnovnem scenariju in izjemnem scenariju
ING has submitted a base and a stress scenario with the aim of demonstrating its ability to achieve long-term viability.
ING je predložila osnovni scenarij in izjemni scenarij, da bi dokazala svojo zmožnost doseganja dolgoročne rentabilnosti.
In the base case, ING […].
ING bi po osnovnem scenariju […].
Further, it is assumed that equity markets will […].
Poleg tega se predvideva, da bodo trgi lastniških vrednostnih papirjev […].
Under its projected base case scenario net income for the group […].
Po predvidenem osnovnem scenariju bi neto prihodki ING Groep znašali […].
The total earnings of the group […].
Skupni dobiček ING Groep […].
The return on equity (RoE) would be […].
Donos na kapital (return on equity, v nadaljnjem besedilu: RoE) bi znašal […].
ING insurance would […].
Zavarovalniška panoga ING bi […].
For the bank, ING assumes an increase in risk weighted assets (‘RWA’) of about […] annually (before divestments), partly due to […].
V zvezi z banko ING pričakuje povečanje tveganju prilagojene aktive (risk weighted assets, v nadaljnjem besedilu: RWA) v višini približno […] na leto (pred odsvojitvami), delno zaradi […].
Income (excluding fair value changes and impairments) is expected to […] commercial banking is expected […] and retail banking is expected to […].
Pričakuje se, da bodo prihodki (brez sprememb poštene vrednosti in oslabitev) […] komercialno bančništvo naj bi […] bančno poslovanje s prebivalstvom pa […].
For ING Insurance, the target capital coverage ratio remains unchanged at 150 %.
Za ING Insurance ostaja ciljni koeficient kapitalske pokritosti nespremenjen, to je 150 %.
In the base case scenario, its total solvency ratio (total capital to RWA) would amount to around […] during the whole restructuring period, with the lowest points being […].
Po osnovnem scenariju bi skupna stopnja solventnosti (skupni kapital v razmerju do RWA) v celotnem obdobju prestrukturiranja znašala približno […], najmanj pa […].
ING insurance will be divested during the restructuring period […].
ING Insurance bo odsvojena v obdobju prestrukturiranja […].
In the base case the divestments are assumed to generate net proceeds of EUR […].
Pri osnovnem scenariju naj bi se z odsvojitvami ustvarili neto prihodki […] EUR.
In an alternative scenario where insurance is divested […] ING would expect correspondingly higher net proceeds […].
Pri nadomestnem scenariju, po katerem se zavarovalništvo odsvoji […], ING pričakuje ustrezno večje neto prihodke […].
ING has also submitted a stress scenario […].
ING je predložila tudi izjemni scenarij […].
In addition, significant increases in its probabilities of default are assumed.
Poleg tega se domneva, da se bo njena verjetnost neplačila znatno povečala.
ING also assumes there will be higher loss given default (LGD) ratios.
Po predvidevanjih družbe ING bodo višje tudi stopnje izgube ob neplačilu (loss given default, v nadaljnjem besedilu: LGD).
Under this stress scenario, ING Group’s underlying commercial result would […].
Po izjemnem scenariju bi osnovni poslovni rezultat ING Groep znašal […].
Despite those stress case assumptions, ING’s capitalisation would remain sufficient as it continues to fulfil the regulatory requirements.
Kljub navedenim predpostavkam pri izjemnem scenariju bi kapitalizacija družbe ING zadoščala za njeno nadaljnje izpolnjevanje zakonskih zahtev.
The Netherlands submits in that respect that ING applied LGD models in the stress scenarios to calculate the LGDs of its credit portfolios which have been approved by the financial supervisory authority, De Nederlandsche Bank (the Dutch Central bank, hereinafter ‘DNB’) […].
Nizozemska v zvezi s tem navaja, da je ING uporabila modele LGD v izjemnem scenariju za izračun stopenj LGD svojih kreditnih portfeljev, ki jih je odobril finančni nadzorni organ, De Nederlandsche Bank (nizozemska centralna banka, v nadaljnjem besedilu: DNB) […].
Furthermore, ING has applied additional more severe stress assumptions — going significantly beyond the presented stress scenario for Dutch retail mortgages [20] […].
Poleg tega je ING uporabila dodatne strožje izjemne predpostavke in s tem znatno presegla predstavljeni izjemni scenarij za nizozemska hipotekarna posojila prebivalstvu [20] […].
Also under these assumptions, ING’s capitalisation remains sufficient as it continues to fulfil regulatory requirements and even retain a significant additional capital buffer.
Tudi s temi predpostavkami kapitalizacija družbe ING zadošča za njeno nadaljnje izpolnjevanje zakonskih zahtev in ji omogoča celo zadržanje precejšnje dodatne kapitalske rezerve.
The Netherlands submits that the bank has passed all stress tests of its supervisor as regards liquidity.
Nizozemska navaja, da je banka v zvezi z likvidnostjo uspešno prestala vse teste poslovanja v izjemnih situacijah, ki jih je opravil nadzorni organ.
Exit strategy
Izhodna strategija
In the ING base case scenario of the restructuring plan, the Core-Tier 1 securities will be repurchased by ING on the following basis:
Po osnovnem scenariju načrta prestrukturiranja bo ING ponovno odkupila temeljne vrednostne papirje prvega reda na naslednji podlagi:
A first tranche presenting EUR 5,0 billion of notional amount is intended to be repurchased around 17 December 2009 at a minimum price of EUR 5,75 billion. This assumed price provides for a 15 % internal rate of return (IRR) to the Netherlands and includes the base 8,5 % return plus an additional premium of at least EUR 340 million and up to EUR 705 million [21] reflecting some potential for appreciation in value related to ING’s share price.
okrog 17. decembra 2009 se namerava ponovno odkupiti prva tranša v višini 5 milijard EUR nominalnega zneska po najnižji ceni 5,75 milijarde EUR. Ta predpostavljena cena zagotavlja Nizozemski 15-odstotno notranjo stopnjo donosa (internal rate of return, v nadaljnjem besedilu: IRR) in vključuje 8,5-odstotni osnovni donos ter dodatno premijo, ki znaša od najmanj 340 milijonov EUR do 705 milijonov EUR [21], kar kaže na možnost za rast cene delnice družbe ING.
In total, the […] transactions will provide indicatively a [15-25] % IRR to the Netherlands.
Nizozemski bo skupno s […] transakcijami okvirno zagotovljena [15–25]-odstotna IRR.
The Netherlands are required to notify any alteration of the agreement to redeem the securities to the Commission.
Nizozemska mora Komisiji priglasiti vsako spremembo dogovora o odkupu vrednostnih papirjev.
To date, ING has not deferred any payment of coupons on hybrid Tier 1 instruments issued by the group.
ING do danes ni odložila nobenega plačila kuponov na hibridne instrumente prvega reda, ki jih je izdala ING Groep.
Moreover, the Netherlands reiterates that it is understood by them that the Commission in principle does not consider a calling of Tier 1/Tier 2 capital instruments appropriate for banks in restructuring and agree that such a call will in the future be discussed on a case by case basis and subject to Commission approval, for three years starting from the date of the adoption of this Decision or until the date on which ING has fully repaid the core-Tier 1 securities to the Dutch State (including the relevant accrued interest of core Tier-1 coupons and exit premium fees), whichever is sooner.
Poleg tega Nizozemska ponavlja, da se zaveda, da Komisija načelno šteje nakup kapitalskih instrumentov prvega/drugega reda za neprimeren za banke v postopku prestrukturiranja, in se strinja s tem, da naj se v prihodnosti vsak tak nakup obravnava posebej in je odvisen od odobritve Komisije, kar naj velja tri leta od datuma sprejetja te odločbe ali dokler ING Nizozemski v celoti ne poplača temeljnih vrednostnih papirjev prvega reda (vključno z zadevnimi natečenimi obrestmi kuponov na temeljni kapital prvega reda in provizijami izhodnih premij), odvisno od tega, kaj nastopi prej.
There is no unilateral exit envisaged for the IA measure and the Netherlands commit to notify any termination of the IA measure by way of an agreement to the Commission.
Za ukrep OS ni predvidenih enostranskih izhodov in Nizozemska se zavezuje, da bo Komisiji priglasila vsako prenehanje izvajanja ukrepa OS na podlagi dogovora.
However, the restructuring plan assumes in the base case that the measure will stay in place until after 2013.
Vendar se v načrtu prestrukturiranja po osnovnem scenariju predvideva, da se bo ta ukrep izvajal še po letu 2013.
Commitments of the Netherlands
Zaveze Nizozemske
As regards the IA measures (that is to say the ‘Illiquid Assets Back-up Facility’ or IABF) the Netherlands commits to the following:
V zvezi z ukrepom OS (to je „rezervna kreditna linija za nelikvidna sredstva“ ali IABF) se Nizozemska zavezuje:
Starting 25 October 2009, ING Group will make additional payments to the Netherlands, corresponding with an adjustment of the Alt-A remuneration of – 50 basis points on the funding fee received by ING and of + 82,6 basis points on the guarantee fee paid by ING. The guarantee fee related adjustment includes 15,6 basis points representing an adjustment for the period from 26 January 2009 — the start of the IABF [22] (that is to say the IA measure) — until 25 October 2009.
ING Groep bo od 25. oktobra 2009 Nizozemski zagotavljala dodatna plačila, ki ustrezajo prilagoditvi nadomestila Alt-A v višini –50 BT na provizijo za financiranje, ki jo ING prejema, in + 82,6 BT na provizijo za jamstvo, ki jo ING plačuje. Prilagoditev v zvezi s provizijo za jamstvo vključuje 15,6 BT prilagoditve za obdobje od 26. januarja 2009, ko se je začel izvajati ukrep IABF [22] (to je ukrep OS), do 25. oktobra 2009.
The additional payments will be applied to the extent and duration that the IABF agreement is in place.
Dodatna plačila se bodo izvajala v obsegu iz dogovora o IABF in dokler bo ta dogovor veljal,