natgillin/translations-raw huggingface dataset:
In this respect, the Commission observes that Fortis SA/NV has been cut into four: the Belgian and international insurance assets are still part of the listed Fortis SA/NV (which after the collapse of Fortis SA/NV was renamed Ageas); Fortis Bank SA/NV and BGL have been acquired by BNP Paribas; the Dutch State acquired FBN (including ABN AMRO N); and the Dutch State also acquired the Dutch insurance activities [125].
S tem v zvezi Komisija ugotavlja, da je bil holding Fortis SA/NV razdeljen na štiri dele: belgijska in mednarodna zavarovalna sredstva so še vedno del holdinga Fortis SA/NV (ki je bil po razpadu holdinga Fortis SA/NV preimenovan v Ageas), ki kotira na borzi; Fortis Bank SA/NV in BGL je kupilo podjetje BNP Paribas; Nizozemska je kupila banko FBN (vključno z banko ABN AMRO N); Nizozemska pa je kupila tudi nizozemske zavarovalniške dejavnosti [125].
In other words, Fortis SA/NV has been split in smaller entities and Fortis Bank SA/NV itself has been cut into two parts [126].
Holding Fortis SA/NV je bil torej razdeljen na manjše subjekte, Fortis Bank SA/NV pa je bila razdeljena na dva dela [126].
The Commission observes that the measures in favour of FBN and ABN AMRO N assessed in this Decision have specific features which differ from other restructuring cases it had to deal with during the current crisis, including those of Fortis Bank SA/NV and Fortis SA/NV.
Komisija je ugotovila, da imajo ukrepi v korist bank FBN in ABN AMRO N, obravnavani v tem sklepu, posebne značilnosti, ki se razlikujejo od drugih zadev v zvezi s prestrukturiranjem, obravnavanih med sedanjo krizo, vključno z zadevami, ki obravnavajo Fortis Bank SA/NV in Fortis SA/NV.
In this case, FBN and ABN AMRO N do not primarily need State aid because they took flawed management decisions.
V tej zadevi banki FBN in ABN AMRO N prvenstveno nista potrebovali državne pomoči zaradi napačnih odločitev glede upravljanja.
The need for State aid does not stem for instance from the accumulation of excessive risks in their investments or in their lending policy, or because they had undertaken an unsustainable pricing policy.
Potreba po državni pomoči ne izvira na primer iz kopičenja prekomernih tveganj pri naložbah podjetij ali njune posojilne politike oziroma uvedbe netrajnostne politike oblikovanja cen.
Equally, the difficulty of Fortis SA/NV and Fortis Bank SA/NV did not stem from risky lending or pricing policies in the retail banking, private banking or commercial banking activities, which were on the contrary profitable.
Težave Fortis SA/NV in Fortis Bank SA/NV niso izvirale iz tvegane posojilne politike ali politike oblikovanja cen na področju bančnega poslovanja s prebivalstvom, zasebnega bančništva ali komercialnega bančništva, ki so, prav nasprotno, prinašala dobiček.
Consequently, the Commission considers that the aid to FBN and ABN AMRO N is significantly less distortive than the aid approved in favour of financial institutions which had accumulated excessive risks.
Zaradi tega Komisija meni, da pomoč bankama FBN in ABN AMRO N precej manj izkrivlja konkurenco kot pomoč, odobrena v korist finančnih ustanov, ki so nakopičile prekomerna tveganja.
Therefore, the Commission considers that further divestments are not necessary.
Zato Komisija meni, da nadaljnje odprodaje niso potrebne.
However, it should to be ensured that the State aid is not used by FBN and ABN AMRO N to grow at the expense of competitors, for instance by implementing an unsustainable pricing policy or by acquiring other financial institutions.
Vendar je treba zagotoviti, da banki FBN in ABN AMRO N državne pomoči ne bosta uporabili za rast na račun svojih konkurentov, na primer z uvedbo netrajnostne politike oblikovanja cen ali s prevzemom drugih finančnih ustanov.
If that were to happen, the aid would ‘weaken the incentives for non-beneficiaries to compete, invest and innovate’ and could undermine ‘incentives for cross-border activities’ by discouraging entry in the Dutch market.
Če bi do tega prišlo, bi pomoč „slabila spodbude za konkurenčno ravnanje, naložbe in inovacije bank, ki niso upravičene do pomoči“ in bi lahko zmanjšala „spodbude za čezmejne aktivnosti“ z odvračanjem od vstopa na nizozemski trg.
The State aid can therefore only be declared compatible if there are sufficient measures in place ensuring that the State aid is not used to the detriment of competitors, some of which did not receive similar public support.
Državna pomoč se zato lahko razglasi za združljivo samo, če je vzpostavljenih dovolj ukrepov, ki zagotavljajo, da državna pomoč ni uporabljena na škodo konkurentov, od katerih nekateri niso prejeli podobne državne omoči.
A level playing-field should remain in place between banks which received public support and those which did not.
Banke, ki so prejele državno pomoč, in banke, ki državne pomoči niso prejele, morajo imeti enake konkurenčne pogoje.
It should also be avoided that the State aid weakens incentives for non-beneficiaries to compete, invest and innovate and that entry barriers are created which could undermine cross-border activity.
Prav tako državna pomoč ne sme slabiti spodbud za konkurenčno ravnanje, naložbe in inovacije bank, ki niso upravičene do pomoči, ter ustvarjati ovir za vstop, ki bi lahko zmanjšale čezmejno dejavnost.
The Restructuring Communication provides that the nature and form of such caps will depend on the amount of aid and the conditions and circumstances under which it was granted and also on the characteristics of the market(s) on which the beneficiary bank will operate.
Sporočilo o prestrukturiranju zagotavlja, da je narava in oblika takih omejitev odvisna od zneska pomoči ter pogojev in okoliščin, v katerih je bila pomoč odobrena, pa tudi od značilnosti trga oziroma trgov, na katerih banka, ki je prejela pomoč, opravlja svoje dejavnosti.
The amount of aid has been described in section 6.1.3 ‘Quantification of Aid’.
Znesek pomoči je opisan v oddelku 6.1.3 Količinska opredelitev državne pomoči.
The specific conditions and circumstances under which it was granted have been discussed at the beginning of the present section.
Posebni pogoji in okoliščine, v katerih je bila pomoč odobrena, so obravnavani na začetku tega oddelka.
As mentioned in point (32) of the Restructuring Communication, the size and relative importance of the bank on its market(s) play also a role.
Kot je navedeno v točki (32) sporočila o prestrukturiranju, sta pomembni tudi velikost in relativna pomembnost banke na njenih trgih.
If the restructured bank has limited remaining market presence, additional measures are less likely to be needed.
Če je banka po prestrukturiranju na trgih ohranila le omejeno prisotnost, je manj verjetno, da bodo potrebni dodatni ukrepi.
Therefore, the conditions necessary to declare the aid compatible mainly relate to retail and private banking as the company has already substantially reduced its presence in commercial banking via the divestment of New HBU.
Zato so pogoji za razglasitev pomoči za združljivo večinoma povezani s poslovanjem s prebivalstvom in zasebnim bančništvom, saj je podjetje s prodajo podružnice New HBU precej zmanjšalo svojo prisotnost v segmentu komercialnega bančništva.
The aid can be declared compatible with the Restructuring Communication on the condition that ABN AMRO Group implements the measures described in points (325) to (329).
Pomoč se lahko razglasi za združljivo s sporočilom o prestrukturiranju pod pogojem, da skupina ABN AMRO izvede ukrepe, opisane v uvodnih izjavah (325) do (329).
In retail and private banking, the aid can be declared compatible on the condition that ABN AMRO Group will not be the price leader for standardized savings and mortgage products.
V segmentu poslovanja s prebivalstvom in zasebnega bančništva se pomoč lahko razglasi za združljivo pod pogojem, da skupina ABN AMRO ni vodilna pri določanju cen za standardizirane varčevalne in hipotekarne instrumente.
In line with point (44) of the Restructuring Communication, ABN AMRO Group should not offer price conditions which cannot be matched by non-aided competitors.
V skladu s točko (44) sporočila o prestrukturiranju skupina ABN AMRO ne sme nuditi pogojev, ki jih konkurenčne banke, ki ne prejemajo državne pomoči, ne morejo nuditi.
Since a price leadership ban might be less effective in segments with many non-standardised products such as private banking in the Netherlands where there was a specific complaint, an additional condition is needed in line with point (44) of the Restructuring Communication to declare the aid compatible.
Ker je lahko prepoved prevladujočega vplivanja na cene manj učinkovita v segmentih s številnimi nestandardiziranimi proizvodi, kot je segment zasebnega bančništva na Nizozemskem, v katerem je prišlo do posebne pritožbe, je v skladu s točko (44) sporočila o prestrukturiranju za razglasitev pomoči za združljivo potreben dodaten pogoj.
Since a price leadership ban is difficult to implement and monitor in private banking, it is necessary to implement other suitable remedies to ensure effective competition, such as measures that favour entry, as described in point (44) of the Restructuring Communication.
Ker je v zasebnem bančništvu prepoved prevladujočega vplivanja na cene težko uvesti in spremljati, je treba uvesti druge ustrezne ukrepe, ki bodo zagotovili učinkovito konkurenčnost, na primer ukrepe za spodbujanje vstopa na trg, kot je opisano v točki (44) sporočila o prestrukturiranju.
In that regard, a necessary condition to declare the aid compatible is that ABN AMRO Group will implement a measure that facilitates switching.
S tem v zvezi je potreben pogoj za razglasitev pomoči za združljivo ta, da skupina ABN AMRO uvede ukrep, ki olajša zamenjavo ponudnika.
Concretely, ABN AMRO Group should cover its own administrative and transfer and transaction costs for its customers of Private Banking NL, which are the direct consequence of the ending of the private banking relationship and the transferring of portfolios [127].
Natančneje, skupina ABN AMRO mora za svoje stranke oddelka Private Banking NL sama kriti svoje upravne stroške ter stroške prehoda in transakcij, ki so neposredno vezani na prekinitev zasebnega bančnega razmerja in prenos portfeljev [127].
That measure should apply during a period of two consecutive months, starting as soon as possible and within a year after the date of the Decision at the latest.
Ta ukrep velja za obdobje dveh zaporednih mesecev in se izvede takoj, ko je to mogoče, in najkasneje v letu dni po datumu sprejetja tega sklepa.
As soon as the two-month period starts, the Bank will inform all its private banking customers in an unambiguous way of the possibility offered to them.
Banka takoj po začetku tega dvomesečnega obdobja na nedvoumen način obvesti vse svoje zasebne stranke o možnostih, ki so jim na voljo.
ABN AMRO Group should also provide evidence to the Commission that the customer transfers are executed following the normal proceedings and that there were no delays in the customer transfer process.
Skupina ABN AMRO mora Komisiji predložiti dokaze, da so prehajanja strank izvedena po običajnem postopku in da v postopku prehajanja strank ni bilo zamud.
If the measures to limit undue distortions of competition and more particularly the specific measures in retail and private banking are correctly implemented, they would also sufficiently addresses the issues raised by the complainant.
Če so ukrepi za omejitev neupravičenega izkrivljanja konkurence in natančneje posebni ukrepi na področju poslovanja s prebivalstvom in zasebnega bančništva pravilno izvedeni, bodo zadostno obravnavali tudi vprašanja, ki jih je predložil pritožnik.
When investigating those issues, the Commission found that ABN AMRO has been pricing some products temporarily at a loss but that pricing policy took place in a liquidity-constrained environment where all banks were competing aggressively for savings, while there was also the specific start-up context of MoneYou (whose launch was decided before the Fortis SA/NV collapse).
Pri preučevanju teh vprašanj je Komisija ugotovila, da je ABN AMRO nekatere proizvode prodajala po ceni, ki je prinašala izgubo, vendar je bila ta politika oblikovanja cen izvedena v likvidnostno omejenem okolju, v katerem je obstajala agresivna konkurenca za pridobivanje novih strank, poleg tega pa je bil prisoten še poseben zagon podružnice MoneYou (njen zagon je bil dogovorjen še pred razpadom holdinga Fortis SA/NV).
Point (44) of the Restructuring Communication also mentions that banks should not invoke State support as a competitive advantage when marketing their financial offers.
Točka (44) sporočila o prestrukturiranju tudi navaja, da se banke pri trženju svojih finančnih ponudb ne smejo sklicevati na državno pomoč kot na konkurenčno prednost.
Therefore, a condition to declare the aid compatible is that ABN AMRO Group will not use State aid in its marketing campaigns and communication to investors, for a period of 3 years.
Zato je pogoj za razglasitev združljivosti pomoči, da skupina ABN AMRO državne pomoči tri leta ne uporablja v svojih oglaševalskih akcijah in sporočilih vlagateljem.
Those prohibitions should extend to up to a period of 5 years as long as the Dutch State holds a shareholding of at least 50 % in ABN AMRO Group.
Dokler ima Nizozemska v skupini ABN AMRO najmanj 50-odstotni delež, se te prepovedi podaljšajo na obdobje največ pet let.
From the perspective of undue distortions of competition, the Commission regards positively the divestments of PFS and Intertrust.
Z vidika neupravičenega izkrivljanja konkurence Komisija prodajo PFS in Intertrusta šteje za pozitiven dejavnik.
The disposal of PFS reduces the company’s attractiveness towards institutional customers, while Intertrust provided, inter alia, services which could make the private banking franchise stronger.
Zaradi prodaje PFS je podjetje manj zanimivo za institucionalne stranke, Intertrust pa je med drugim nudil storitve, ki bi lahko okrepile franšizo zasebnega bančništva.
As a result, its sale might make it easier for competitors to improve their competitive position as against that of ABN AMRO Mees Pierson.
Zato bodo konkurenti zaradi njune prodaje morda lažje izboljšali svojo konkurenčnost glede na ABN AMRO Mees Pierson.
The Commission also considers that the fact that part of the aid has been repaid contributes to limit the distortions of competition.
Komisija tudi meni, da dejstvo, da je bil del pomoči odplačan, pomaga pri omejevanju izkrivljanja konkurence.
The Commission also takes a favourable view on the dividend policy as described in recital 75.
Komisija je naklonjena tudi dividendni politiki, kot je bilo opisano v uvodni izjavi 75.
Thus, if all the conditions described in sections 6.2 and 6.3 are correctly implemented, the December 2009 Restructuring Plan updated by the November 2010 Restructuring Plan provides sufficient evidence that the long-term viability of ABN AMRO Group has been restored.
Če so vsi pogoji, opisani v oddelkih 6.2 in 6.3, ustrezno izvedeni, načrt prestrukturiranja iz decembra 2009, posodobljen z načrtom prestrukturiranja iz novembra 2010, zagotavlja zadostne dokaze, da je bilo dolgoročno uspešno poslovanje skupine ABN AMRO ponovno vzpostavljeno.
The December 2009 Restructuring Plan updated by the November 2010 Restructuring Plan provides sufficient burden-sharing and contains adequate measures to limit undue distortions of competition.
Načrt prestrukturiranja iz decembra 2009, posodobljen z načrtom prestrukturiranja iz novembra 2010, zagotavlja ustrezno porazdelitev bremena in vsebuje ustrezne ukrepe za omejitev neupravičenega izkrivljanja konkurence.
Therefore, the Commission can conditionally declare the December 2009 Restructuring Plan as updated by the November 2010 Restructuring Plan in line with the Restructuring Communication.
Zato Komisija načrt prestrukturiranja iz decembra 2009, posodobljen z načrtom prestrukturiranja iz novembra 2010, pogojno razglaša za skladnega s sporočilom o prestrukturiranju.
The Commission finds that the Netherlands has unlawfully implemented the State aid listed in section 6.1.3 ‘Quantification of the State aid’ in breach of Article 108(3) of the Treaty.
Komisija ugotavlja, da je Nizozemska nezakonito izvedla državno pomoč, navedeno v oddelku 6.1.3 „Količinska opredelitev državne pomoči“, s kršitvijo člena 108(3) Pogodbe.
However, that aid can be found compatible if the conditions set out in sections 6.2 and 6.3 and described more in detail in the operative part of this Decision are implemented.
Vendar se ta pomoč lahko razglasi za združljivo, če so izvedeni pogoji, ki so določeni v oddelkih 6.2 in 6.3 in podrobneje opisani v operativnem delu tega sklepa.
The Commission notes that the Dutch State has exceptionally accepted to receive the text of this Decision only in English.
Komisija ugotavlja, da se je Nizozemska izjemoma strinjala s prejemom tega besedila samo v angleškem jeziku –
The State aid provided by the Netherlands to ABN AMRO Group is compatible with the internal market, subject to the conditions set out in Articles 3 to 9.
Državna pomoč, ki jo je Nizozemska dodelila skupini ABN AMRO, je združljiva z notranjim trgom pod pogoji iz členov 3 do 9.
That State aid was provided as follows:
Državna pomoč je bila zagotovljena v naslednjih oblikah:
recapitalisation aid worth between EUR 4,2 billion and EUR 5,45 billion respectively in favour of FBN and ABN AMRO N, and
pomoč v obliki dokapitalizacije v višini med 4,2 milijarde EUR in 5,45 milijarde EUR v korist bank FBN in ABN AMRO N in
EUR 71,7 billion of liquidity aid.
likvidnostna pomoč v višini 71,7 milijarde EUR.
For the purposes of this Decision, the following definitions apply:
V tem sklepu se uporabljajo naslednje opredelitve pojmov:
‘ABN AMRO Group’ means ABN AMRO Group and its wholly owned direct or indirect subsidiaries, including the entities in which ABN AMRO Group has sole control within the meaning of Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) [128].
„skupina ABN AMRO“ pomeni skupino ABN AMRO in neposredne ali posredne podružnice, ki so v njeni 100-odstotni lasti, vključno s subjekti, v katerih ima skupina ABN AMRO izključni nadzor v smislu Uredbe Sveta (ES) št. 139/2004 z dne 20. januarja 2004 o nadzoru koncentracij podjetij (v nadaljnjem besedilu: Uredba ES o združitvah) [128];
‘rank first’ means to offer the most attractive price.
„določanje cen“ pomeni zagotavljanje najprivlačnejše cene;
‘retail customers’ means all individual customers (as opposed to corporate customers).
„stranke na področju poslovanja s prebivalstvom“ pomenijo vse posameznike (v nasprotju s podjetniškimi strankami);
‘standardised retail savings and deposit products’ means all standardised retail and deposit products covering at any point in time at least 85 % in volume of the products of ABN AMRO Group in the retail savings and deposit market.
„standardizirani proizvodi varčevanja in depozitov zasebnikov“ pomenijo vse standardizirane proizvode varčevanja in depozitov zasebnikov, ki v katerem koli trenutku predstavljajo najmanj 85 % obsega proizvodov skupine ABN AMRO na trgu varčevanja in depozitov zasebnikov;
‘standardised mortgage products’ means all standardised retail and deposit products covering at any point in time at least 85 % in volume of the products of ABN AMRO Group in mortgages.
„standardizirani proizvodi hipotekarnih posojil“ pomenijo vse standardizirane proizvode hipotekarnih posojil in depozitov za prebivalstvo, ki v katerem koli trenutku predstavljajo najmanj 85 % obsega proizvodov skupine ABN AMRO na hipotekarnem trgu;
Private Banking NL means all clients of BU Private Banking except those that are part of Private Banking International [129]
Private Banking NL pomeni vse stranke PE Private Banking, razen strank, ki so del podjetja Private Banking International [129].
In the absence of the Commission’s prior authorisation, ABN AMRO Group shall not rank first with respect to standardised retail savings and deposit products for retail customers among the […] financial institutions having the largest market share in volume on the Dutch retail savings market in any of the following segments:
Brez predhodnega dovoljenja s strani Komisije skupina ABN AMRO ne določa cen v zvezi s standardiziranimi proizvodi varčevanja in depozitov zasebnikov za stranke na področju poslovanja s prebivalstvom med […] finančnimi ustanovami, ki imajo po obsegu največje tržne deleže na nizozemskem varčevalnem trgu za prebivalstvo, v nobenem od naslednjih segmentov:
savings accounts;
varčevalni računi;
fixed term deposits with a period of 1 year;
vezani depoziti z obdobjem 1 leta;
fixed term deposits with a period of 2 years;
vezani depoziti z obdobjem 2 let;
fixed term deposits with a period of 3 years;
vezani depoziti z obdobjem 3 let;
fixed term deposits with a period of 4 years; and
vezani depoziti z obdobjem 4 let; in
fixed term deposits with a period of 5 years.
vezani depoziti z obdobjem 5 let.
Notwithstanding the first subparagraph, where three financial institutions jointly rank first among the […] financial institutions having the largest market share in a segment of the Dutch retail savings and deposit market, ABN AMRO Group may match the rate of those three financial institutions with respect to standardised products in the corresponding segment.
Ne glede na prvi pododstavek lahko skupina ABN AMRO v primeru, ko tri finančne ustanove skupaj določijo cene med […] finančnimi ustanovami, ki imajo največji tržni delež v segmentu nizozemskega trga varčevanja in depozitov zasebnikov, v zvezi s standardiziranimi proizvodi v ustreznem segmentu izenači stopnjo teh treh finančnih ustanov.
In the absence of the Commission’s prior authorisation, ABN AMRO Group shall not rank first with respect to any standardised type of mortgage among the […] financial institutions having the largest market share on the Dutch retail mortgage market.
Brez predhodnega dovoljenja s strani Komisije skupina ABN AMRO ne bo določala cen v zvezi s standardiziranimi vrstami hipotek med […] finančnimi ustanovami, ki imajo največji tržni delež na nizozemskem trgu hipotekarnih posojil za prebivalstvo.
Notwithstanding the first subparagraph, where three financial institutions jointly rank first among the […] financial institutions having the largest market share in the Dutch retail mortgage market, ABN AMRO Group may match the rate of those three financial institutions with respect to the corresponding standardised type of mortgage.
Ne glede na prvi pododstavek lahko skupina ABN AMRO v primeru, ko tri finančne ustanove skupaj določijo cene med […] finančnimi ustanovami, ki imajo največji tržni delež na nizozemskem trgu hipotekarnih posojil za prebivalstvo, v zvezi s standardizirano vrsto hipoteke izenači stopnjo teh treh finančnih ustanov.
To ensure compliance with paragraphs 1 and 2, ABN AMRO Group shall on a permanent basis, and at least every week, monitor the conditions offered by the […] other financial institutions having the largest market share in volume on the respective Dutch savings markets, to the extent these conditions are available in the public domain.
Za zagotovitev skladnosti z odstavkoma 1 in 2 skupina ABN AMRO redno in vsaj enkrat tedensko spremlja pogoje, ki jih nudijo […] druge finančne ustanove z največjim tržnim deležem po obsegu na zadevnih nizozemskih varčevalnih trgih, v kolikor so ti pogoji javno dostopni.
If the figures of any of those […] other financial institutions are not publicly available, they will be replaced by the figures of next largest financial institutions from the market share ranking.
Če podatki katere od teh […] drugih finančnih ustanov niso javno dostopni, bodo nadomeščeni s podatki naslednjih največjih finančnih ustanov iz razvrstitve glede na velikost tržnih deležev.
As soon as ABN AMRO Group detects that it offers a more favourable price for any of its products than that price which it is allowed to offer on the basis of paragraph 1 and paragraph 2 of this article ABN AMRO Group shall immediately inform the Commission.
Takoj ko skupina ABN AMRO ugotovi, da za katerega od svojih proizvodov ponuja ugodnejšo ceno, kot jo sme ponuditi na podlagi odstavka 1 in odstavka 2 tega člena, skupina ABN AMRO o tem takoj obvesti Komisijo.