natgillin/translations-raw huggingface dataset:
The liquidation of the assets of Parex banka in the base case scenario does not envisage that sufficient proceeds will be received to cover more than senior liabilities in the bank.
V osnovnem scenariju ni predvideno, da bo izkupiček likvidacije sredstev banke Parex zadoščal še za kaj drugega kot za pokritje prednostnih obveznosti v banki.
As subordinated loans mature in the period 2015-2018 and the State would only support the capital of Parex banka […], while at the same time it receives adequate remuneration for the State deposits, the subordinated debt holders are likely to bear losses on the capital they invested […].
Ker bodo podrejena posojila dospela v obdobju 2015–2018, država pa naj bi podprla samo kapital banke Parex […], medtem ko prejema ustrezno nadomestilo za depozite države, bodo imetniki podrejenih dolžniških instrumentov verjetno krili izgube kapitala, ki so ga vložili […].
Moral hazard is adequately addressed by the own contribution of past capital holders in the bank.
Moralno tveganje je ustrezno odpravljeno z lastnim prispevkom preteklih delničarjev banke.
Consequently, the Parex banka’s restructuring plan provides for sufficient burden sharing and own contribution to the restructuring.
Načrt prestrukturiranja banke Parex tako določa zadostno porazdelitev bremen in lasten prispevek k prestrukturiranju.
The final restructuring plan complies accordingly with section 3 of the Restructuring Communication.
Končni načrt prestrukturiranja je zato v skladu z razdelkom 3 Sporočila o prestrukturiranju.
Measures mitigating distortions of competition
Ukrepi za omilitev izkrivljanja konkurence
Section 4 of the Restructuring Communication requires that the restructuring plan includes measures limiting distortions of competition and ensuring a competitive banking sector.
V razdelku 4 Sporočila o prestrukturiranju se zahteva, naj načrt prestrukturiranja vključuje ukrepe za omilitev izkrivljanja konkurence in zagotovitev konkurenčnega bančnega sektorja.
Moreover, those measures should ensure that State aid is not used to fund anti-competitive behaviour.
Poleg tega je treba s temi ukrepi zagotoviti, da se državna pomoč ne bo uporabila za financiranje protikonkurenčnega ravnanja.
The Commission considers that the package of measures contained in the final restructuring plan represents a significant improvement compared to the initial restructuring plan which addresses the doubts on this issue raised in the opening Decision.
Komisija meni, da paket ukrepov iz načrta prestrukturiranja pomeni bistveno izboljšanje v primerjavi s prvotnim načrtom prestrukturiranja in odpravlja pomisleke, ki so bili v zvezi s tem vprašanjem navedeni v odločitvi o začetku postopka.
In view of significant divestitures and market caps as well as the bank’s downsizing (see Table 20) the Commission considers that the plan represents an appropriate package of measures that will contribute to the maintenance of a level playing field and competitive markets.
Komisija glede na obsežne odprodaje in tržne omejitve ter zmanjšanje velikosti banke (glej preglednico 20) meni, da načrt prinaša ustrezen paket ukrepov, ki bo pripomogel k ohranitvi enakih konkurenčnih pogojev in konkurenčnih trgov.
The initial strategy of the notified plan based on expansion of the business, on which the opening Decision raised substantial doubts, has changed and the final restructuring plan is based on a significant reduction of the bank’s size, in terms of both balance sheet total and market shares in its core markets.
Prvotna strategija priglašenega načrta, ki je temeljila na širitvi poslovanja in v zvezi s katero so bili v odločitvi o začetku postopka izraženi precejšnji pomisleki, je bila spremenjena, končni načrt prestrukturiranja pa temelji na precejšnjem zmanjšanju velikosti banke, tako v smislu bilančne vsote kot tržnih deležev na njenih ključnih trgih.
Downsizing and reduction of Citadele banka’s presence in the core markets
Zmanjšanje velikosti banke Citadele in njene prisotnosti na ključnih trgih
Assets of Citadele banka as compared to pre-crisis Parex banka
Sredstva banke Citadele v primerjavi z banko Parex pred krizo
Citadele banka at the end of restructuring period,
Banka Citadele ob koncu obdobja prestrukturiranja, konec
(including incremental growth)
(vključno z mejno rastjo)
Market share reduction in the core lending markets at the end of restructuring
Zmanjšanje tržnega deleža na ključnih posojilnih trgih ob koncu prestrukturiranja
Market share reduction in the deposits (core and wealth management business) markets at the end of restructuring (including incremental growth)
Zmanjšanje tržnega deleža na depozitnih (glavna dejavnost in dejavnost upravljanja premoženja) trgih ob koncu prestrukturiranja (vključno z mejno rastjo)
After the split: 44 %
Po razcepitvi: 44 %
(total assets reduced by EUR 1,9 billion);
(skupna sredstva zmanjšana za 1,9 milijarde EUR);
If the divestment of CIS loans is taken into account (YE […]): [35-50] %
Če se upošteva odprodaja posojil SND (konec leta […]): [35-50] %
(total assets reduced by EUR [1,6-2,3] billion)
(skupna sredstva zmanjšana za [1,6-2,3] milijarde EUR)
[40-55] % (reduced by EUR [1,9-2,3] billion)
[40-55] % (zmanjšanje za [1,9-2,3] milijarde EUR)
Pre-crisis market share of 11,7 % vs. [< 7] % in 2014 (capped): market presence reduced by [50-60] %
Tržni delež pred krizo v višini 11,7 % v primerjavi s [< 7] % leta 2014 (zgornja meja): prisotnost na trgu zmanjšana za [50-60] %
Pre-crisis market share of 20 % [33] vs. [< 13] % (decreasing to [< 10] % by 2015): market presence reduced by [55-65] %
Tržni delež pred krizo v višini 20 % [33] v primerjavi s [< 13] % (zmanjšanje na [< 10] % do leta 2015): prisotnost na trgu zmanjšana za [55-65] %
The restructuring of the bank includes a substantial reduction of the bank’s presence in core market segments.
Prestrukturiranje banke vključuje precejšnje zmanjšanje prisotnosti banke v ključnih tržnih segmentih.
First, as a consequence of the implementation of the restructuring measures, Citadele banka will reduce its total assets by approximately 60 % and its market presence in all core markets by more than 50 % as compared to Parex banka pre-crisis.
Prvič, kot posledica izvajanja ukrepov prestrukturiranja bo banka Citadele skupni znesek svojih sredstev zmanjšala za približno 60 %, svojo prisotnost na vseh ključnih trgih pa za več kot 50 % v primerjavi z banko Parex pred krizo.
The reduced market presence of the bank as well as the envisaged divestitures will free respective market segments for the competitors.
Zaradi manjše prisotnosti banke na trgu in predvidenih odprodaj se bodo zadevni tržni segmenti sprostili za konkurente.
Second, as already mentioned in the section 2.5, Citadele banka will either be sold by Latvia by 31 December 2014 at the latest or by a divestiture trustee by 31 December 2015, and the wealth management business will be sold by […] (whether within Citadele banka or separately), thereby giving potentially harmed competitors the possibility to bid for those businesses.
Drugič, kot je bilo navedeno že v razdelku 2.5, bo banko Citadele Latvija prodala najpozneje do 31. decembra 2014 oziroma skrbnik za odprodajo do 31. decembra 2015, dejavnost upravljanja premoženja pa bo prodana do […] (bodisi v okviru banke Citadele ali ločeno), da bodo dobili morebitno oškodovani konkurenti možnost potegovati se za te dejavnosti. Prodajo je mogoče šteti za ukrep za omejitev izkrivljanja konkurence.
The measures to limit distortions of competition are found to be adequate also due to the relatively limited absolute size of the bank in restructuring (around EUR 2,2 billion).
Ukrepi za omejitev izkrivljanja konkurence se štejejo za ustrezne tudi zaradi razmeroma omejene absolutne velikosti banke v prestrukturiranju (približno 2,2 milijarde EUR).
Following the restructuring, only its core activities will remain.
Po prestrukturiranju se bodo ohranile samo njene glavne dejavnosti.
The most important of those will be Citadele banka’s presence in Latvia, whose market is already rather concentrated and dominated by a number of foreign banks [35].
Najpomembnejša od njih bo prisotnost banke Citadele v Latviji, katere trg je že dokaj skoncentriran in na katerem prevladujejo številne tuje banke.
The capped market share of Citadele banka of around [4-7] % of loans and [7-10] % of deposits (see recital 77) can be considered as adequate mitigation of potential distortions of competition, when compared to its market share of 12 % of lending and about 20 % in deposits before the crisis.
Omejen tržni delež banke Citadele, ki obsega približno [4-7] % posojil in [7-10] % depozitov (glej uvodno izjavo (77)), je mogoče šteti za ustrezno omilitev morebitnega izkrivljanja konkurence, če ga primerjamo z njenim 12-odstotnim tržnim deležem pri posojilih in približno 20-odstotnim deležem pri depozitih pred krizo.
The bank’s presence in other geographical markets is limited and will be capped to further limit potential distortions of competition so as not to exceed market shares of [< 4] % in the Lithuanian lending and deposit markets, [< 1,5] % in the Estonian lending market and [< 2,5] % in the Estonian deposit market, and [< 0,5] % in the Swedish and German deposit markets (see recitals 77 and 78).
Prisotnost banke na drugih geografskih trgih je majhna in bo določena z zgornjo mejo, da se še bolj omeji morebitno izkrivljanje konkurence, in sicer ne bo presegla [< 4]-odstotnega tržnega deleža na litovskem posojilnem in depozitnem trgu, [< 1,5]-odstotnega deleža na estonskem posojilnem trgu in [< 2,5]-odstotnega deleža na estonskem depozitnem trgu ter [< 0,5]-odstotnega deleža na švedskem in nemškem depozitnem trgu (glej uvodni izjavi (77) in (78)).
The caps allow for a limited growth in those markets due to the need for the bank to diversify its funding sources.
Zgornje meje dopuščajo omejeno rast na teh trgih zaradi potrebe banke, da pridobi različne vire financiranja.
The current macroeconomic context of Latvia makes it difficult to attract external funding.
Zaradi trenutnih makroekonomskih razmer v Latviji je težko privabiti zunanje financiranje.
The deposits of Latvian residents are significantly lower than the total loan portfolio in that Member State.
Depoziti latvijskih rezidentov so bistveno nižji od skupnega posojilnega portfelja v tej državi članici.
The bank’s main competitors receive funding from their parent companies established abroad.
Glavni konkurenti banke prejemajo finančna sredstva od svojih matičnih družb s sedežem v tujini.
Thus, it is accepted that Citadele banka needs to retain some funding base abroad (one branch each in Sweden and Germany) in order to diversify its funding base.
Zato je razumljivo, da mora banka Citadele nekaj finančne osnove obdržati v tujini (po eno podružnico na Švedskem in v Nemčiji), da bi razširila svojo osnovo za financiranje.
Given the small presence of the bank in those markets and the necessity of the diversified funding for the bank’s viability, the Commission considers that the agreed caps in those markets are adequate.
Komisija glede na majhno prisotnost banke na teh trgih in potrebo po različnih virih financiranja za zagotovitev uspešnega poslovanja banke meni, da so dogovorjene zgornje meje na teh trgih ustrezne.
The Commission also welcomes a ban on advertising State support, thus preventing Citadele banka from using the aid for anti-competitive market conduct, and an acquisition ban, furthermore ensuring that the State aid will not be used to take over competitors.
Komisija prav tako pozdravlja prepoved oglaševanja državne podpore, s katero se banki Citadele prepreči, da bi pomoč uporabila za financiranje protikonkurenčnega tržnega ravnanja, in prepoved prevzemov, ki dodatno zagotavlja, da se državna pomoč ne bo uporabila za prevzemanje konkurentov.
Furthermore, Citadele banka will not increase the number of its branches.
Poleg tega banka Citadele ne bo povečala števila svojih podružnic.
After the split Parex banka and its subsidiaries will be effectively […] over its lifetime that is assumed to be 8 years.
Banka Parex in njene hčerinske družbe bodo po razcepitvi dejansko […] v celotni življenjski dobi, ki naj bi trajala osem let.
This period is considered to be appropriate in order to conclude asset recovery procedures and disposals of assets while avoiding a fire sale.
Šteje se, da je to obdobje ustrezno za dokončanje postopkov izterjave in odprodaje sredstev ter hkrati za izognitev prisilni prodaji.
Although Parex banka will keep its banking licence, neither it nor its subsidiaries will be allowed to conduct any new activities other than those necessary to manage and sell the assigned assets.
Čeprav bo banka Parex obdržala dovoljenje za opravljanje bančnih storitev, niti njej niti njenim hčerinskim družbam ne bo dovoljeno izvajanje novih dejavnosti, razen tistih, ki so nujne za upravljanje in prodajo dodeljenih sredstev.
In particular, Parex banka will cease any new loan origination and taking of deposits from the public (see recitals 84 and 85).
Banka Parex bo zlasti prenehala dodeljevati nova posojila in sprejemati depozite prebivalstva (glej uvodni izjavi (84) in (85)).
Furthermore, it will wind down or sell its leasing activities by […].
Poleg tega bo svoje lizinške dejavnosti postopoma ukinila ali odprodala do […].
Latvia has committed to limit strictly the additional capital in time ([…]) and scale (up to LVL 218,7 million) (see above recital 87).
Latvija se je zavezala, da bo dodatni kapital strogo omejila v smislu časa ([…]) in obsega (do 218,7 milijona LVL) (glej uvodno izjavo (87)).
In light of the above, it is considered that the aid to Parex banka (after the split) is restricted to the minimum necessary for the […] and, therefore, undue distortions of competition are avoided.
Glede na navedeno se šteje, da je pomoč za banko Parex (po razcepitvi) omejena na najnižjo potrebno za […], s čimer se prepreči nedovoljeno izkrivljanje konkurence.
Accordingly, the scale and nature of measures, in particular the significant downsizing and reduction of market presence combined with the sale within a reasonable timeframe proposed with respect to Citadele banka and Parex banka, are sufficient and adequate to avoid undue distortions of competition.
Posledično sta obseg in narava predlaganih ukrepov za banki Citadele in Parex, zlasti bistveno zmanjšanje velikosti in prisotnosti na trgu v povezavi s prodajo v razumnem roku, zadostna in ustrezna za preprečitev nedovoljenega izkrivljanja konkurence.
In addition, the depth of the restructuring combined with the sale of the Citadele banka would suffice to compensate for any distortions of competition that may result from a potentially inadequate remuneration and claw-back.
Poleg tega bi globina prestrukturiranja v povezavi s prodajo banke Citadele zadostovala za izravnavo morebitnega izkrivljanja konkurence, ki bi morda izhajalo iz potencialno neustreznega nadomestila in vračila neupravičeno prejetih sredstev.
Point 46 of the Restructuring Communication lays down the requirement 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 navedena zahteva, da so za preverjanje ustreznega izvajanja načrta prestrukturiranja potrebna redna podrobna poročila držav članic.
Accordingly, the Latvian authorities committed to provide the Commission every 6 months starting from the date of this Decision with such reports for both Citadele banka and Parex banka.
Latvijski organi so se zato zavezali, da bodo Komisiji vsakih šest mesecev od datuma tega sklepa predložili taka poročila za banki Citadele in Parex.
Latvia has committed to appoint a monitoring trustee who will monitor compliance with the commitments and provide reports to the Commission.
Latvija se je zavezala, da bo imenovala skrbnika za spremljanje, ki bo nadzoroval izpolnjevanje zavez in poročal Komisiji.
The Commission finds that the restructuring plan of Parex banka set out in section 2 of this Decision is compatible with Article 107(3)(b) TFEU and fulfils the requirements of the Restructuring Communication in terms of viability, burden sharing and measures to mitigate the distortions of competition.
Komisija ugotavlja, da je načrt prestrukturiranja banke Parex, opisan v razdelku 2 tega sklepa, združljiv s členom 107(3)(b) PDEU in izpolnjuje zahteve iz Sporočila o prestrukturiranju v smislu poslovne uspešnosti, porazdelitve bremena in ukrepov za omilitev izkrivljanja konkurence.
Latvia has exceptionally accepted that this Decision be adopted in the English language,
Latvija izjemoma soglaša, da se ta sklep sprejme v angleškem jeziku –
Having regard to the restructuring plan and commitments undertaken by the Republic of Latvia, the restructuring aid which Latvia implements for AS Parex banka and AS Citadele banka is found to be compatible with the internal market within the meaning of Article 107(3)(b) of the Treaty on the Functioning of the European Union.
Pomoč za prestrukturiranje, ki jo Latvija izvaja za banki AS Parex in AS Citadele, se glede na načrt prestrukturiranja in zaveze, ki jih je sprejela Republika Latvija, šteje za združljivo z notranjim trgom v smislu člena 107(3)(b) Pogodbe o delovanju Evropske unije.
OJ C 239, 6.10.2009, p. 11.
UL C 239, 6.10.2009, str. 11.
Commission Decision of 24 November 2008 in case NN68/08 Public Support Measures to JSC Parex Banka, OJ C 147, 27.6.2009, p. 1.
Odločba Komisije z dne 24. novembra 2008 v zadevi NN 68/2008, Ukrepi javne podpore za banko JSC Parex, UL C 147, 27.6.2009, str. 1.
Commission Decision of 11 February 2009 in case NN 3/09 Amendments to the Public support measures to JSC Parex Banka, OJ C 147, 27.6.2009, p. 2.
Odločba Komisije z dne 11. februarja 2009 v zadevi NN 3/2009, Spremembe ukrepov javne podpore za banko JSC Parex, UL C 147, 27.6.2009, str. 2.
Commission Decision of 11 May 2009 in case N 189/09 Amendments to the Public support measures to JSC Parex Banka, OJ C 176, 29.7.2009, p. 3.
Odločba Komisije z dne 11. maja 2009 v zadevi N 189/2009, Spremembe ukrepov javne podpore za banko JSC Parex, UL C 176, 29.7.2009, str. 3.
Commission Decision of 29 July 2009 in case C 26/09 (ex N 289/09) – Restructuring aid to JSC Parex Banka, OJ C 239, 6.10.2009, p. 11.
Odločba Komisije z dne 29. julija 2009 v zadevi C 26/2009 (ex N 289/2009) – Pomoč za prestrukturiranje za banko JSC Parex, UL C 239, 6.10.2009, str. 11.
According to the Association of Latvian Commercial Banks (ranking based on YE 2009 data), the top banks in Latvia in terms of market shares are the following: 1.
Po podatkih združenja latvijskih komercialnih bank (razvrstitev temelji na podatkih ob koncu leta 2009) so največje banke v smislu tržnega deleža naslednje: 1.
Parex banka n/a; 4.
Parex banka/; 4.
Nordea Bank Finland Latvia branch 10,7 %; 5.
Nordea Bank Finland, latvijska poslovna enota 10,7 %; 5.
(According to the Latvian Banking Association, Parex banka did not submit any data. Its ranking is based on YE 2009 data).
(Po podatkih latvijskega združenja bank Parex banka ni predložila nobenih podatkov. Njena razvrstitev temelji na podatkih ob koncu leta 2009).
After the recapitalisation approved as rescue aid, Latvia further increased its participation in Parex banka to about 95 %.
Po dokapitalizaciji, odobreni kot pomoč za reševanje, je Latvija svoj delež v banki Parex še povečala na približno 95 %.
As of 28 February 2010, Latvia, through the Privatisation Agency, held 76,63 % of paid-in capital with 71,74 % of voting rights.
Na dan 28. februarja 2010 je imela Latvija prek agencije za privatizacijo v lasti 76,63 % vplačanega kapitala z 71,74 % glasovalnih pravic.
At group level means for Parex banka corporate group, consisting of a parent company, Parex banka, and its subsidiaries.
Na ravni skupine pomeni za skupino podjetij banke Parex, ki jo sestavljajo matična družba, banka Parex in njene hčerinske družbe.
See the first, second and third rescue Decisions.
Glej prvo, drugo in tretjo odločbo o reševanju.
In the opening Decision, similarly as in some of the submissions of the Latvian authorities, ‘wealth management business’ is referred to as ‘private capital management’ (see also footnote 14).
V odločitvi o začetku postopka je podobno kot v nekaterih dopisih latvijskih organov „dejavnost upravljanja premoženja“ navedena kot „upravljanje zasebnega kapitala“ (glej tudi opombo 18).
Parts of this text have been deleted so as not to divulge confidential information; they are indicated by a series of dots between square brackets or a range providing for a non-confidential approximation of the figure.
Deli tega besedila so zaradi zaupnosti informacij izbrisani; označeni so s tremi pikami v oglatih oklepajih ali razponom, ki pomeni nezaupen približek podatka.
The investment in Lithuania was transferred at the end of the day of 1 August 2010, whereas the investment in AP Anlage & Privatbank AG and deposits in the German branch are to be transferred from Parex banka to Citadele banka before 31 December 2010.
Naložbe v Litvi so bile prenesene 1. avgusta 2010 ob koncu dneva, medtem ko naj bi se naložbe v banki AP Anlage & Privatbank AG in depoziti v nemški poslovni enoti z banke Parex prenesli na banko Citadele do 31. decembra 2010.
Except for the loan to SIA Rigas Pirma Garaza subsidiary of Parex banka (owner of Parex banka’s headquarter building) amounting to LVL […] million.
Razen posojila za hčerinsko družbo banke Parex SIA Rigas Pirma Garaza (ki ima v lasti zgradbo sedeža uprave banke Parex) v višini […] milijonov LVL.
As provided in the restructuring plan of 31 March as amended on 7 July 2010.
Kot je določeno v načrtu prestrukturiranja z dne 31. marca, dopolnjenem 7. julija 2010.
The indicated figures for Citadele banka and Parex banka after the split derive from the submission of the Latvian authorities of 18 August 2010 and do not incorporate the transfer of the investment in Lithuania, in AP Anlage & Privatbank AG and deposits in the German branch from Parex banka to Citadele banka.The difference between the total balance sheet value of Parex banka before and after the split is explained by the partial write-down of the deferred tax asset as well as lower obligatory reserves that are needed for capitalisation of State Treasury deposit.
Navedeni podatki za banki Citadele in Parex po razcepitvi so povzeti iz dopisa latvijskih organov z dne 18. avgusta 2010 in ne vključujejo prenosa naložb v Litvi, v banki AP Anlage & Privatbank AG ter depozitov v nemški poslovni enoti, ki so bili z banke Parex preneseni na banko Citadele.Razliko med skupno bilančno vsoto banke Parex pred razcepitvijo in po njej pojasnjujejo delni odpis odložene terjatve za davek in nižje obvezne rezerve, ki so potrebne za kapitalizacijo depozita iz državne zakladnice.
As provided in the submission dated 27 August 2010, the equity of Citadele banka has decreased by LVL 4,9 million from the issued share capital of LVL 103 million due to the transfer of negative revaluation reserve for available-for-sale financial assets.
Kot je navedeno v dopisu z dne 27. avgusta 2010, se je lastniški kapital banke Citadele zmanjšal za 4,9 milijona LVL z emisijskega osnovnega kapitala v višini 103 milijone LVL, in sicer zaradi prenosa negativne revalorizacijske rezerve za prodajo razpoložljivih finančnih sredstev.
See also footnote 2 of this table and footnote 12.
Glej tudi opombi 12 in 2.
The wealth management business consists of the private capital management sector of Citadele banka, assets management subsidiaries and AP Anlage & Privatbank AG, Switzerland.
Dejavnost upravljanja premoženja je sestavljena iz sektorja upravljanja zasebnega kapitala banke Citadele, hčerinskih družb za upravljanje premoženja in banke AP Anlage & Privatbank AG, Švica.
The reason for a relatively high ROE in the worst case scenario is that the equity base in the worst case is lower due to losses reducing the capital base in the preceding years.
Razlog za relativno visoko donosnost lastniškega kapitala po najslabšem možnem scenariju je, da je lastniški kapital po najslabšem možnem scenariju nižji zaradi izgub, ki znižujejo kapitalsko osnovo v prejšnjih letih.
See the first and second rescue Decisions.
Glej prvo in drugo odločbo o reševanju.