natgillin/translations-raw huggingface dataset:
Second, the aid amount must be limited to the minimum necessary and both the beneficiary and its capital holders should contribute to the restructuring as much as possible with their own resources.
Poleg tega mora biti znesek pomoči omejen na najmanjši potreben znesek, upravičenka in njeni delničarji pa morajo z lastnimi sredstvi prispevati k prestrukturiranju največ, kar zmorejo.
Third, measures need to be in place to limit distortion of competition created by artificially supporting the market power of the beneficiary and to ensure a competitive banking sector.
Uvesti je treba tudi ukrepe za omejevanje izkrivljanja konkurence, ki ga je povzročilo umetno podpiranje tržne moči upravičenke, in zagotavljanje konkurenčnega bančnega sektorja.
Finally, monitoring and procedural issues need to be addressed.
Nazadnje je treba obravnavati spremljanje in postopkovna vprašanja.
In line with points 9 to 11 of the Restructuring Communication, Germany submitted a comprehensive and detailed restructuring plan which provides complete information on the business model.
V skladu s točkami 9 do 11 Sporočila o prestrukturiranju je Nemčija predložila celovit in podroben načrt za prestrukturiranje, ki zagotavlja popolne informacije o poslovnem modelu.
The plan also identifies the causes of the difficulties faced by the Bank.
Načrt opredeljuje tudi vzroke za težave, s katerimi se srečuje hranilnica.
As regards its business model, Sparkasse KölnBonn intends to refocus on the traditional regional savings bank business activities.
V zvezi s poslovnim modelom se namerava hranilnica Sparkasse KölnBonn preusmeriti v tradicionalne poslovne dejavnosti regionalne hranilnice.
It will provide a full range of retail banking products to its core customer segments in the Cologne-Bonn region: retail, SMEs as well as smaller corporate customers and institutional clients located in the region.
Zagotavljala bo celo vrsto produktov v zvezi z majhnimi bančnimi posli za svoje ključne segmente strank v regiji Köln-Bonn: občane, MSP ter manjša podjetja in ustanove iz regije.
As a consequence, Sparkasse KölnBonn will concentrate on its statutory activities and capitalise on its core competence, while withdrawing from those areas which have been at the origin of its financial difficulties.
Tako se bo hranilnica Sparkasse KölnBonn osredotočila na svoje zakonsko določene dejavnosti in izkoristila svojo glavno usposobljenost, medtem ko se bo umaknila s tistih področij, iz katerih izhajajo njene finančne težave.
In particular, Sparkasse KölnBonn ceases proprietary trading, all non-core subsidiaries and investments in SAA and ABS portfolios.
Hranilnica Sparkasse KölnBonn bo zlasti prenehala s trgovanjem za lastni račun, odsvojila vse podružnice, ki niso povezane z njeno glavno dejavnostjo, ter se umaknila iz naložb v portfeljih SAA in ABS.
The Commission considers that the new business model of the Bank is viable and sustainable in the long term.
Komisija meni, da bo novi poslovni model hranilnice dolgoročno poslovno uspešen in vzdržen.
Sparkasse KölnBonn’s difficulties were mainly attributable to three activities: (i) regional development projects, (ii) investments in ABS and SAA portfolios and (iii) the Bank’s investment in WestLB.
Težave hranilnice Sparkasse KölnBonn so predvsem povezane z naslednjimi tremi dejavnostmi: (i) regionalnimi razvojnimi projekti, (ii) naložbami v portfelje ABS in SAA ter (iii) vlaganjem hranilnice v banko WestLB.
Already in 2008 Sparkasse KölnBonn initiated the sale or liquidation of non-core subsidiaries related to regional development.
Hranilnica Sparkasse KölnBonn je že leta 2008 začela s prodajo ali likvidacijo podružnic, ki niso povezane z njeno glavno dejavnostjo, ampak z regionalnim razvojem.
The full cessation of these activities constitutes a necessary and appropriate measure to remove the Commission’s concerns as the divestments set an ultimate limit to any future losses or risk exposure resulting from the subsidiaries.
Popolno prenehanje teh dejavnosti je nujen in primeren ukrep za odpravo pomislekov Komisije, ker se bodo z odsvojitvami dokončno preprečile vse prihodnje izgube ali izpostavljenost tveganju zaradi podružnic.
Additionally, the measure frees up capital as well as management capacities, which can be re-employed in the core business of the Bank.
Poleg tega se bodo z ukrepom sprostili kapital in zmogljivosti upravljanja, ki se lahko prerazporedijo na področje glavne dejavnosti hranilnice.
Furthermore the divestments will also reduce the Bank’s balance sheet by approximately EUR [180-230] million ([0-2] %) [29].
Z odsvojitvami se bo zmanjšala tudi bilančna vsota hranilnice za približno [180–230] milijonov EUR ([0–2] %) [29].
As the activities of the subsidiaries to be sold to the City of Cologne are mainly real estate development and real estate-related services, the Commission does not consider that the application of the Communication on the treatment of impaired assets in the Community banking sector [30] (‘Impaired Assets Communication’) is necessary or appropriate in this case.
Ker dejavnosti podružnic, ki naj bi se prodale mestu Köln, vključujejo predvsem razvoj nepremičninskega področja in nepremičninske storitve, Komisija meni, da uporaba Sporočila Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti [30] (Sporočilo o oslabljenih sredstvih) v tem primeru ni nujna ali primerna.
The book values of these subsidiaries have been significantly written down in the past years in order to bring them in line with their market values.
Knjigovodske vrednosti teh podružnic so bile znatno odpisane v preteklih letih, da bi se dosegla skladnost z njihovimi tržnimi vrednostmi.
Therefore significant further losses for the Bank due to the sale of the subsidiaries are not expected.
Zato se velike dodatne izgube hranilnice zaradi prodaje podružnic ne pričakujejo.
Furthermore, the commitment of Germany that the Bank will sell at market value, which will be determined by an independent expert, ensures that no additional State aid is involved in the transactions.
Poleg tega zaveza Nemčije, da bo hranilnica prodajo izvajala po tržni vrednosti, ki jo bo določil neodvisni strokovnjak, zagotavlja, da v transakcije ni vključena dodatna državna pomoč.
Another source of the Bank’s problems was the ABS and SAA portfolios.
Drugi vzrok za težave hranilnice so bili portfelji ABS in SAA.
Those investments have already been significantly reduced.
Te naložbe so že bile znatno zmanjšane.
The current book values of the remaining assets in the ABS and SAA portfolios are overall in line with their market value.
Sedanje knjigovodske vrednosti preostalih sredstev v portfeljih ABS in SAA so na splošno skladne z njihovo tržno vrednostjo.
Therefore the remaining risk exposure stemming from those portfolios is limited and does not affect the viability of the Bank.
Zato je preostala izpostavljenost tveganju, ki izvira iz teh portfeljev, omejena in ne vpliva na uspešno poslovanje hranilnice.
Finally, the Bank’s remaining exposure to WestLB, which in the past resulted in Sparkasse KölnBonn’s losses of EUR […] million, is limited in size and compensated by reserves in the investment portfolio of RSGV.
Nazadnje, preostala izpostavljenost hranilnice banki WestLB, ki je bila v preteklosti razlog za izgube hranilnice Sparkasse KölnBonn v višini […] milijonov EUR, je omejena in nadomeščena z rezervami iz investicijskega portfelja RSGV.
Further, the contribution of the Bank [to the …] is to be made only out of future net profits.
Poleg tega bo prispevek hranilnice […] izhajal le iz prihodnjih čistih dobičkov.
Therefore, the obligation of Sparkasse KölnBonn to contribute [to the …] will not endanger Sparkasse KölnBonn’s long-term viability.
Zato obveznost hranilnice Sparkasse KölnBonn, da prispeva […], ne bo ogrozila njenega dolgoročnega uspešnega poslovanja.
Additionally, the Commission views positively the fact that the Bank’s contributions can take place only once the State’s capital has been remunerated in line with the recapitalisation terms.
Komisija kot pozitivno obravnava tudi dejstvo, da so prispevki hranilnice mogoči šele, ko bo kapital države povrnjen v skladu s pogoji dokapitalizacije.
The Commission notes that the Bank has already addressed and will further address the weaknesses of its corporate governance.
Komisija ugotavlja, da je hranilnica že in bo še dodatno obravnavala pomanjkljivosti pri upravljanju družbe.
The change in the shareholders structure and the qualifying majority voting introduced in the light of the merger of Stadtsparkasse Köln with Sparkasse Bonn in 2005 ensures that the political interests of the owners do not overrule the economic interests of the Bank.
Sprememba v delničarski strukturi in glasovanje s kvalificirano večino, ki sta bila uvedena ob združitvi družbe Stadtsparkasse Köln z družbo Sparkasse Bonn leta 2005, zagotavljata, da politični interesi lastnikov ne prevladajo nad gospodarskimi interesi hranilnice.
Further, the changes in the structure and size of Sparkasse KölnBonn’s bodies as well as in the decision-making process lead to improved accountability of the top management.
Poleg tega se je zaradi sprememb v strukturi in velikosti organov hranilnice Sparkasse KölnBonn ter v postopku odločanja povečala odgovornost najvišjega vodstva.
Fewer divided responsibilities, as well as a higher proportion of personnel who are not politically driven and who are [external …] experts in the Bank’s bodies, will increase the transparency and efficiency of the decision-making process.
Preglednost in učinkovitost postopka odločanja se bosta povečali, tako da bo manj deljenih odgovornosti, večji pa bo delež kadrov, ki niso politično usmerjeni in so [zunanji …] strokovnjaki v organih hranilnice.
Together with the change in the shareholder structure, those measures address the sources of Sparkasse KölnBonn’s difficulties as they minimise the risk that Sparkasse KölnBonn will engage in politically-driven projects conflicting with the economic interests of the Bank.
Ti ukrepi skupaj s spremembo v delničarski strukturi obravnavajo vzroke za težave hranilnice Sparkasse KölnBonn, ker zmanjšujejo tveganje, kateremu je hranilnica Sparkasse KölnBonn izpostavljena v politično usmerjenih projektih, ki so v nasprotju z njenimi gospodarskimi interesi.
Further, the independence of the Bank’s management seems to be sufficiently anchored in the existing law.
Poleg tega se zdi, da je neodvisnost uprave hranilnice zadostno utemeljena v veljavni zakonodaji.
The fact that Sparkasse KölnBonn provided evidence that since 2004 the Bank has not engaged in new politically-driven projects shows that the implemented measures are effective.
Dejstvo, da je hranilnica Sparkasse KölnBonn predložila dokaze, da od leta 2004 ni sodelovala v novih politično usmerjenih projektih, kaže na učinkovitost izvedenih ukrepov.
Overall, the new corporate governance code is in line with what was achieved in comparable cases [31].
Na splošno je novi kodeks o upravljanju družbe v skladu s tem, kar je bilo doseženo v primerljivih zadevah [31].
Therefore, the implemented and committed changes of the corporate governance of Sparkasse KölnBonn can be considered adequate and sufficient to contribute to the restoration of the Bank’s long-term viability.
Zato se izvedene in zavezujoče spremembe glede upravljanja hranilnice Sparkasse KölnBonn lahko štejejo za primerne in zadostne, da bodo prispevale k ponovni vzpostavitvi dolgoročno uspešnega poslovanja hranilnice.
The Commission considers that Sparkasse KölnBonn’s restructuring plan meets the requirements set out in points 9 and 12-15 of the Restructuring Communication, namely that the restructuring plan should also demonstrate how the Bank will restore its long-term viability without State aid as soon as possible.
Komisija meni, da načrt za prestrukturiranje hranilnice Sparkasse KölnBonn izpolnjuje zahteve iz točk 9 in 12–15 Sporočila o prestrukturiranju, in sicer glede tega, da mora biti v načrtu za prestrukturiranje prikazano, kako bo hranilnica čim prej vzpostavila dolgoročno uspešno poslovanje brez državne pomoči.
In particular, the Bank should be able to generate an appropriate return on equity, while covering all the costs of its normal operations and complying with the relevant regulatory requirements.
Hranilnica mora biti zlasti sposobna ustvariti ustrezno donosnost kapitala ter ob tem pokriti vse stroške svojega običajnega poslovanja in izpolniti vse zadevne predpisane zahteve.
First, Sparkasse KölnBonn has provided financial projections for the period 2008-2014, giving information on the revenues, costs, impairments, profits and capital position of the Bank.
Hranilnica Sparkasse KölnBonn je najprej predložila finančne napovedi za obdobje 2008–2014, pri čemer je navedla podatke o prihodkih, stroških, oslabitvah, dobičkih in kapitalskem položaju hranilnice.
The Commission finds that the base case projections provided are based on reasonable underlying macroeconomic assumptions.
Komisija meni, da napovedi iz osnovnega scenarija temeljijo na razumnih temeljnih makroekonomskih predpostavkah.
The Bank expects to generate profits again in 2010 and continuously improve its yearly results over the whole restructuring period.
Hranilnica pričakuje, da bo dobiček ponovno ustvarila leta 2010 in svoje letne rezultate stalno izboljševala v celotnem obdobju prestrukturiranja.
Further, in 2014 ROE will reach a level of [9-10] %, which appears to be an adequate level of remuneration for a retail bank in normal market conditions.
Donosnost kapitala bo leta 2014 dosegla [9–10]-odstotno raven, kar naj bi bila ustrezna stopnja nadomestila za banko za poslovanje z občani v običajnih tržnih pogojih.
Furthermore, starting from 2013 Sparkasse KölnBonn will fully remunerate the aid measures.
Poleg tega bo hranilnica Sparkasse KölnBonn po letu 2013 v celoti povrnila ukrepe pomoči.
The Bank’s capital ratios remain well above the minimum regulatory requirements with the Tier-1 ratio improving from 6,1 % in 2009 to [8-9] % in 2014.
Deleži kapitala hranilnice ostajajo precej večji od predpisanih minimalnih zahtev, pri čemer se bo delež kapitala prvega reda s 6,1 % leta 2009 povečal na [8–9] % leta 2014.
Second, Sparkasse KölnBonn demonstrated that it is able to withstand a stress scenario.
Hranilnica Sparkasse KölnBonn je tudi dokazala, da lahko vzdrži izjemni scenarij.
The assumptions of the stress scenario have been assessed as reasonable.
Predpostavke izjemnega scenarija so bile ocenjene kot razumne.
As the stress scenario demonstrates that Sparkasse KölnBonn will exceed its regulatory capital requirements, the Bank can be regarded as meeting the requirements of paragraph 13 of the Restructuring Communication.
Glede na izjemni scenarij bo hranilnica Sparkasse KölnBonn presegla svoje predpisane kapitalske zahteve, zato se lahko obravnava, da ta izpolnjuje zahteve iz odstavka 13 Sporočila o prestrukturiranju.
Further, the sensitivity analysis shows that the Bank is capable of withstanding a significant change in interest rates in the future.
Poleg tega analiza občutljivosti kaže, da je hranilnica sposobna vzdržati veliko spremembo obrestnih mer v prihodnosti.
Finally, Sparkasse KölnBonn presented a partial early exit strategy.
Hranilnica Sparkasse KölnBonn je predstavila strategijo delnega predčasnega vračila.
The partial repayment of the state capital should be possible without depleting the capital base of the institution, as Sparkasse KölnBonn’s Tier-1 capital ratio is projected to reach [6-7] % in 2010 and will exceed this level afterwards in the base case scenario and also remain well above the regulatory minimum in a stress case scenario in the restructuring plan.
Delno odplačilo državnega kapitala naj bi bilo mogoče brez izčrpanja kapitalske osnove ustanove, saj naj bi kapitalski delež prvega reda hranilnice Sparkasse KölnBonn leta 2010 dosegel [6–7] %, potem pa naj bi se v skladu z osnovnim scenarijem ta raven presegla in tudi v skladu z izjemnim scenarijem iz načrta za prestrukturiranje ostala precej nad predpisanimi minimalnimi zahtevami.
The partial early exit does not involve additional aid either to Sparkasse KölnBonn or to other entities which are part of the transaction.
Delno predčasno vračilo ne vključuje dodatne pomoči hranilnici Sparkasse KölnBonn ali drugim subjektom, ki so del transakcije.
First, due to the design of the purchase price to be paid for the first EUR 150 million tranche of the Genussrechte, which closely simulates the cash flow Förderungsgesellschaft would receive had it kept the instrument, Förderungsgesellschaft would be left no better off. Second, the transaction takes place between two public entities.
Ker je z zasnovo nakupne cene, ki jo je treba plačati za prvo tranšo Genussrechte v višini 150 milijonov EUR, natančno simuliran denarni tok, ki bi ga družba Förderungsgesellschaft prejela, če bi instrument obdržala, družba Förderungsgesellschaft ne bi bila v boljšem položaju. Poleg tega transakcija poteka med dvema javnima subjektoma.
Further, as the instrument to be converted into Tier-1 capital already qualifies as aid and Sparkasse KölnBonn will pay the same remuneration to the Zweckverband after the conversion, the Commission does not see any additional aid involved in the conversion.
Ker se instrument, ki ga je treba preoblikovati v kapital prvega reda, že šteje za pomoč, hranilnica Sparkasse KölnBonn pa bo združenju Zweckverband po preoblikovanju plačala enako nadomestilo, Komisija meni, da v preoblikovanje ni vključena dodatna pomoč.
Finally, the buy-back by Sparkasse KölnBonn of the second EUR 150 million tranche will also closely simulate the cash flow Förderungsgesellschaft would have received had it kept the instrument.
Ko bo hranilnica Sparkasse KölnBonn ponovno odkupila drugo tranšo v višini 150 milijonov EUR, se bo s tem prav tako natančno simuliral denarni tok, ki bi ga prejela družba Förderungsgesellschaft, če bi instrument obdržala.
Consequently, the Commission considers that the restructuring plan submitted by Sparkasse KölnBonn fulfils the requirements of the Restructuring Communication with regard to the restoration of the long-term viability and thereby allays the doubts expressed in the opening Decision.
Komisija zato meni, da načrt za prestrukturiranje, ki ga je predložila hranilnica Sparkasse KölnBonn, izpolnjuje zahteve iz Sporočila o prestrukturiranju v zvezi z vzpostavitvijo dolgoročno uspešnega poslovanja in odpravlja dvome, izražene v sklepu o začetku postopka.
As stated in the Restructuring Communication, banks and their stakeholders need to contribute to the restructuring as much as possible in order to ensure that aid is limited to the minimum necessary.
Kot je navedeno v Sporočilu o prestrukturiranju, morajo banke in njihove zainteresirane strani k prestrukturiranju prispevati čim več, da se pomoč omeji na najmanjšo potrebno pomoč.
This implies that banks use their own resources to finance the restructuring, for instance by selling assets, while the stakeholders should absorb the losses of the bank where possible.
To pomeni, da banke za financiranje prestrukturiranja uporabljajo lastna sredstva, na primer s prodajo sredstev, medtem ko morajo zainteresirane strani absorbirati izgube banke, če je to mogoče.
The measures committed to by Sparkasse KölnBonn ensure that own resources are used and that private investors holding hybrid capital of the Bank contribute to the restructuring.
Z ukrepi, h katerim se je zavezala hranilnica Sparkasse KölnBonn, se zagotavlja, da se uporabljajo lastna sredstva in da k prestrukturiranju prispevajo zasebni vlagatelji, ki so imetniki hibridnega kapitala hranilnice.
The restructuring plan does not contain any elements that suggest that the aid exceeds the means required to cover those costs which are triggered by the restoration of viability.
Načrt za prestrukturiranje ne vsebuje nobenih elementov, ki bi kazali na to, da pomoč presega sredstva, potrebna za kritje stroškov, ki nastanejo zaradi vzpostavitve uspešnega poslovanja.
The aid received is required to ensure that Sparkasse KölnBonn will have reasonable capital buffers in the base case and will be able to comply with regulatory capital requirements in a stress scenario.
Prejeta pomoč mora zagotoviti, da bo imela hranilnica Sparkasse KölnBonn razumne kapitalske rezerve v primeru osnovnega scenarija in da bo lahko izpolnjevala predpisane kapitalske zahteve v primeru izjemnega scenarija.
In respect of the contribution to restructuring costs through internal resources generated by Sparkasse KölnBonn, the Commission notes that the Bank is implementing cost-cutting measures.
V zvezi s prispevkom k stroškom prestrukturiranja prek notranjih virov hranilnice Sparkasse KölnBonn Komisija ugotavlja, da hranilnica izvaja ukrepe za zniževanje stroškov.
The cost-cutting measures will result in a reduction of annual costs by EUR [25-35] million by the end of the restructuring period, which represents about [5-8] % of the total costs in 2009.
S temi ukrepi se bodo do konca obdobja prestrukturiranja letni stroški znižali za [25–35] milijonov EUR, kar je približno [5–8] % skupnih stroškov leta 2009.
Further, the divestments of profitable non-core subsidiaries will generate proceeds which can be used to finance the restructuring costs.
Poleg tega se bodo z odsvojitvami donosnih podružnic, ki niso povezane z glavno dejavnostjo hranilnice, ustvarili prihodki, ki se lahko uporabijo za financiranje stroškov prestrukturiranja.
The Bank has no discretion to suspend or delay the payment of a coupon on the hybrid instruments if it generates a profit in a given year.
Hranilnica nima diskrecijske pravice do začasne ustavitve ali odložitve izplačila kuponov za hibridne instrumente, če ima v zadevnem letu dobiček.
However, the holders of hybrid instruments also bear to the extent possible the losses incurred by Sparkasse KölnBonn, as both coupon payment and principal of the hybrid capital were suspended or participated in the absorption of Sparkasse KölnBonn’s losses.
Kljub temu tudi imetniki hibridnih instrumentov v največjem možnem obsegu krijejo izgube, ki jih je imela hranilnica Sparkasse KölnBonn, saj sta bila izplačilo kuponov in glavnica hibridnega kapitala ustavljena ali vključena v absorpcijo izgub hranilnice Sparkasse KölnBonn.
Therefore, the Commission considers that the maximum possible burden-sharing from its private hybrid investors is ensured and therefore the requirements of the Restructuring Communication for the contribution to the restructuring costs by the private investors are met.
Komisija tako meni, da je največja možna porazdelitev bremena med zasebne vlagatelje v hibridne instrumente zagotovljena, zato so zahteve iz Sporočila o prestrukturiranju v zvezi s prispevkom k stroškom prestrukturiranja s strani zasebnih vlagateljev izpolnjene.
Point 24 of the Restructuring Communication states that an adequate remuneration of the state capital is also a means of achieving burden-sharing.
V točki 24 Sporočila o prestrukturiranju je navedeno, da je ustrezno nadomestilo državnega kapitala tudi način za doseganje porazdelitve bremena.
In this respect the Commission considers the level of remuneration set in the terms of recapitalisation measures is appropriate in association with the other burden-sharing measures described above.
Komisija v zvezi s tem meni, da je stopnja nadomestila, določena v okviru ukrepov dokapitalizacije, ustrezna v povezavi z drugimi navedenimi ukrepi za porazdelitev bremena.
The projected profits will allow the Bank to remunerate the state capital and pay suspended coupons in line with the terms of the recapitalisation starting from 2011 for Genussrechte and from 2013 for silent participation, after the nominal capital of the instruments has been topped up.
Po dopolnitvi nominalnega kapitala instrumentov bo lahko hranilnica z načrtovanimi dobički povrnila državni kapital in plačala začasno zaustavljene kupone v skladu s pogoji dokapitalizacije, in sicer od leta 2011 za Genussrechte in od leta 2013 za tiho udeležbo.