natgillin/translations-raw huggingface dataset:
First, the bank's capital is reduced by 70 % to offset the accumulated losses.
Najprej se bo kapital banke zmanjšal za 70 %, da se pokrijejo nakopičene izgube.
That capital cut also reduces pro rata the PS which Austria injected in 2009.
To zmanjšanje kapitala sorazmerno zmanjša tudi potrdila PS, ki jih je Avstrija vpisala leta 2009.
In a second step, ÖVAG receives fresh capital totalling EUR 484 million. EUR 250 million thereof is to be subscribed by Austria, the rest by the Volksbanken.
ÖVAG bo v drugem koraku dobila svež kapital v višini 484 milijonov EUR. Od tega bo 250 milijonov EUR vpisala Avstrija, preostalo pa Volksbanken.
Austria and the Volksbanken will subscribe the shares at the price of EUR 2,181 per share.
Avstrija in Volksbanken bosta delnice vpisali po ceni 2181 EUR za delnico.
As a result, the State will obtain a 43,4 % stake in the bank and become the second-biggest shareholder after the Volksbanken (50,2 %).
Država bo tako pridobila 43,4-odstotni delež banke in postala drugi največji delničar za Volksbanken (50,2 %).
The stakes of the other shareholders, which do not participate in the capital injection, will be diluted:
Deleži ostalih delničarjev, ki ne sodelujejo pri kapitalskem vložku, se bodo zmanjšali:
DZ-Bank 3,8 %, ERGO 1,5 %, RZB 0,9 %, free float 0,1 %.
DZ-Bank 3,8 %, ERGO 1,5 %, RZB 0,9 %, v prostem obtoku 0,1 %.
Asset guarantee
Jamstvo za sredstva
The measure differs from standard impaired asset measures because the guarantee will be structured in such a manner that it will influence the loan-loss provisions the bank had already made for expected losses on the covered assets.
Ukrep se razlikuje od standardnih ukrepov za oslabljena sredstva, saj bo jamstvo strukturirano tako, da bo vplivalo na sredstva za izgube pri posojilih, ki jih je banka že rezervirala za pričakovane izgube zavarovanih sredstev.
The guarantee will therefore be given for (book) losses that have already occurred.
Jamstvo bo torej namenjeno pokritju že nastalih (knjigovodsko izkazanih) izgub.
ÖVAG will be able to draw the guarantee and request the recourse from the State (the guarantor) if it provides evidence that the debt is irrecoverable or that the debtor entered formal insolvency proceedings and only if and as far as the recourse is necessary to avoid that the Common Equity Tier 1 [13] ( "CET1") ratio of ÖVAG group [14] falls below a level of 11 % by 31 December 2015.
ÖVAG bo lahko črpala iz jamstva in zahtevala povračilo od države (garant), če dokaže, da dolga ni mogoče izterjati ali da je dolžnik začel uradni postopek zaradi insolventnosti, in le če je povračilo potrebno za zagotovitev, da količnik navadnega lastniškega temeljnega kapitala [13] (v nadaljnjem besedilu: CET1) skupine ÖVAG [14] do 31. decembra 2015 ne pade pod 11 %.
That CET1-threshold is lowered to 10 % if by the same date ÖVAG has sold its shares in Volksbank Romania S.A ("VBRO") or in VB Leasing International Holding GmbH ("VBLI") completely.
Navedeni prag CET1 se zniža na 10 %, če ÖVAG do navedenega datuma proda vse svoje delnice v Volksbank Romania S.A (v nadaljnjem besedilu: VBRO) ali VB Leasing International Holding GmbH (v nadaljnjem besedilu: VBLI).
The payment obligations of the State resulting from the guarantee being called will be deferred until 31 July 2016 without any interest charged for deferred payment.
Plačilne obveznosti države, ki nastanejo zaradi unovčitve jamstva, bodo odložene do 31. julija 2016 brez zaračunavanja obresti na preloženo plačilo.
Any amounts drawn need to be repaid to the State as soon as the financial situation of the bank allows for it.
Banka mora državi vrniti vse črpane zneske takoj, ko bo njeno finančno stanje to dopuščalo.
For the amounts called upon, that remuneration will be replaced by a fee of 10 % p.a. which will be paid from the moment the amounts are called upon until the amount called upon is fully repaid to the State.
Pri unovčenih zneskih bo nadomestilo zamenjala letna premija v višini 10 %, ki se bo plačevala od trenutka unovčitve zneskov do trenutka, ko bo unovčeni znesek v celoti povrnjen državi.
The latter remuneration is linked to the bank making profits and complying with a CET1 ratio of 10 % and is not cumulative.
Zadnjenavedeno nadomestilo je odvisno od tega, ali banka ustvarja dobiček in ali dosega 10-odstotni količnik CET1, in ni kumulativno.
The liability of the State under that guarantee will expire on 1 January 2016 with the exception of any claim that has been raised before that date.
Odgovornost države na podlagi navedenega jamstva poteče 1. januarja 2016, pri čemer so izključeni zahtevki, predloženi pred navedenim datumom.
The new business model
Novi poslovni model
According to the new restructuring plan ÖVAG will integrate closely with the Volksbanken.
ÖVAG se bo glede na novi načrt prestrukturiranja bolj tesno povezala z Volksbanken.
A system of joint liability ("Verbundmodell") will be established between ÖVAG and the Volksbanken.
Med ÖVAG in Volksbanken bo vzpostavljen sistem skupne odgovornosti (v nadaljnjem besedilu: Verbundmodell).
ÖVAG is reduced to the functions of a central institute of the Volksbanken sector.
Poslovanje ÖVAG bo omejeno na funkcije osrednje institucije sektorja Volksbanken.
It will concentrate on providing services to the Volksbanken by pooling liquidity, assisting in the provision of larger-scale loans and offering treasury products for the Volksbanken and their clients.
Osredotočila se bo na opravljanje storitev za Volksbanken, pri čemer bo združevala likvidnost, pomagala pri zagotavljanju večjih posojil in ponujala zakladne produkte Volksbanken in njihovim strankam.
Thereby, its balance sheet total as well as the complexity of its business model will be reduced significantly.
S tem se bosta njena bilančna vsota in zapletenost njenega poslovnega modela bistveno zmanjšali.
The activities which created the bank's problems or do not fall within the scope of activities of a Volksbanken central institute are in run-down or will be divested.
Dejavnosti, ki so banki povzročile težave ali ki ne spadajo v obseg dejavnosti osrednje institucije Volksbanken, so v postopku likvidacije ali pa bodo odprodane.
The bank bundles those activities in an internal non-core segment.
Te dejavnosti bo banka združila v notranjem stranskem segmentu.
The balance sheet will be reduced from EUR 91 billion at the end of September 2008 [16] to EUR 19 billion in 2017, of which EUR [12-15] [17] billion will belong to the new core business (the remainder being non-core business in run-down).
Bilančna vsota se bo z 91 milijard EUR, kolikor je znašala konec septembra 2008 [16], zmanjšala na 19 milijard EUR leta 2017, od tega pa bo [12–15] [17] milijard EUR namenjenih novi osrednji dejavnosti (preostanek pa stranskim dejavnostim, ki so v postopku likvidacije).
The risk-weighted assets ("RWA") will decrease from EUR 35,2 billion in 2008 to EUR [9-12] billion in 2017 in the base case.
Tveganju prilagojena aktiva (v nadaljnjem besedilu: RWA) se bo po osnovnem scenariju s 35,2 milijarde EUR leta 2008 zmanjšala na [9–12] milijard EUR leta 2017 [17] Gre za poslovne skrivnosti; kjer je to mogoče, pa so razponi navedeni v [oglatih oklepajih]. .
The Verbundmodell
Sistem „Verbundmodell“
The "Verbundmodell" is a system of joint liability with a well-regulated transfer of liquidity between its members ("Liquiditätsverbund"), combined with a joint financial protection of the creditors of all members ("Haftungsverbund").
„Verbundmodell“ je sistem skupne odgovornosti z dobro reguliranim prenosom likvidnosti med člani (v nadaljnjem besedilu: Liquiditätsverbund), ki vključuje skupno finančno zaščito upnikov vseh članov (v nadaljnjem besedilu: Haftungsverbund).
At the same time the Verbundmodell provides for the maintenance of the legal independence of the associated banks while allowing its members to make use of the shared organisational infrastructure of the "network".
Hkrati „Verbundmodell“ omogoča ohranitev pravne neodvisnosti povezanih bank, poleg tega pa članom omogoča uporabo skupne organizacijske infrastrukture „omrežja“.
In that context, ÖVAG as the central institute is to ensure and to control the solvability and the liquidity of the co-operative banks which are part of the "Verbund" on the basis of consolidated accounts.
ÖVAG mora v navedenem okviru kot osrednja institucija zagotoviti in nadzorovati solventnost in likvidnost zadružnih bank, ki so del skupine „Verbund“, na podlagi konsolidiranih računovodskih izkazov.
Furthermore, ÖVAG is, amongst others, responsible for the representation of the interest of the group as a whole, for public relations on a group level and for support in certain back-office functions as for instance transactions in securities, logistics, setting of group standards for compliance and anti-money laundering.
Poleg tega je ÖVAG med drugim odgovorna za zastopanje interesov skupine kot celote, za odnose z javnostmi na ravni skupine in za podporo pri nekaterih zalednih funkcijah, kot so na primer transakcije z vrednostnimi papirji, logistika ter določanje standardov skupine za skladnost in preprečevanje pranja denarja.
In addition, the bank will be assigned further functions ("Verbundfunktionen") that seem necessary from a regulatory point of view for the group as a whole or for efficiency reasons.
Banki bodo dodeljene tudi dodatne funkcije (v nadaljnjem besedilu: Verbundfunktionen), ki se z ureditvenega vidika zdijo potrebne za skupino kot celoto ali pa se zdijo potrebne zaradi učinkovitosti.
They include in particular responsibility for compliance with those regulatory requirements which have to be respected collectively (for instance solvability, liquidity, internal capital adequacy process for the "Verbund", internal audit).
Vključujejo zlasti odgovornost za skladnost s tistimi zakonskimi zahtevami, ki jih je treba upoštevati kolektivno (na primer solventnost, likvidnost, ustreznost notranjega kapitala za „Verbund“, notranja revizija).
They also include provision of support for the sales and marketing of (individualised) products.
Poleg tega vključujejo zagotavljanje podpore pri prodaji in trženju (prilagojenih) produktov.
Pursuant to the Austrian Banking Act [18] the system of joint liability means that ÖVAG in its role as central institute is assuming liability for the entirety of obligations of the "Verbund" whereas the liability of the individual co-operative banks for the Verbund is limited to the part of their own funds exceeding the regulatory minimum required for the coverage of their own RWA.
Sistem skupne odgovornosti v skladu z avstrijskim Zakonom o bančništvu [18] pomeni, da ÖVAG v svoji vlogi osrednje institucije prevzema odgovornost za vse obveznosti skupine „Verbund“, medtem ko je odgovornost posameznih zadružnih bank za „Verbund“ omejena na tisti del njihovih lastnih sredstev, ki presega zakonsko določeni minimum, potreben za pokritje njihove tveganju prilagojene aktive.
That "excess capital" of all co-operative banks of the "Verbund" by 31 December 2011 amounts to EUR [450-500] million if calculated on the basis of a ratio of 8 % CET1 and to EUR [600-650] million if calculated on the basis of 7 % CET1.
Navedeni „presežni kapital“ vseh zadružnih bank skupine „Verbund“ je 31. decembra 2011 znašal [450–500] milijonov EUR, če ga izračunamo na podlagi 8-odstotnega količnika CET1, oziroma [600–650] milijonov EUR, če ga izračunamo na podlagi 7-odstotnega količnika CET1.
Another important feature of the Verbundmodell is that of liquidity cooperation.
Druga pomembna značilnost sistema „Verbundmodell“ je sodelovanje pri zagotavljanju likvidnosti.
That liquidity cooperation under the terms of the Austrian law means among others that the co-operative banks are obliged to keep 14 % of their deposits with ÖVAG as a minimum reserve.
Sodelovanje pri zagotavljanju likvidnosti v skladu s predpisi avstrijskega prava med drugim pomeni, da morajo zadružne banke 14 % svojih vlog hraniti pri ÖVAG kot minimalno rezervo.
In addition, ÖVAG can pool collateral coming from the Volksbanken (mortgage loans) which then can be used for covered bond funding.
Poleg tega lahko ÖVAG zbira zavarovanja s premoženjem, s katerimi razpolagajo Volksbanken (hipotekarna posojila), in jih nato uporabi za financiranje s kritimi obveznicami.
Currently, the co-operative banks hold EUR [2,5-5] billion of assets which can potentially be used as such collateral.
Trenutno imajo zadružne banke [2,5–5] milijard EUR sredstev, ki jih je mogoče uporabiti kot takšno zavarovanje.
On the other hand it will allow for a centralised online banking appearance of the Volksbanken sector, in line with the Verbundmodell.
Po drugi strani pa bo sektorju Volksbanken zagotovilo podobo centraliziranega spletnega bančništva, ki je skladno s sistemom „Verbundmodell“.
The core segment
Osrednji segment
The core segment consists of three divisions:
Osrednji segment je sestavljen iz treh oddelkov:
Credit/Underwriting business, Financial Markets and Banking book/Other items.
Kredit / Izdajanje vrednostnih papirjev, Finančni trgi in Bančna knjiga / Druge dejavnosti.
ÖVAG expects the total assets of the core segment to total EUR [12-15] billion in 2017 (EUR 16,8 billion at the end of 2012) and RWA of [4-6] billion by the end of 2017.
ÖVAG pričakuje, da bodo skupna sredstva osrednjega segmenta leta 2017 znašala [12–15] milijard EUR (konec leta 2012 so znašala 16,8 milijarde EUR), tveganju prilagojena aktiva pa [4–6] milijard EUR do konca leta 2017.
The segment Credit/Underwriting Business comprises three units Credit Verbundbank, VB Factoring and Product Leasing ("Mobilienleasing") Austria ("VBLF").
Oddelek Kredit/Izdajanje vrednostnih papirjev sestavljajo tri enote: Credit Verbundbank, VB Factoring in Product Leasing (v nadaljnjem besedilu: Mobilienleasing) Austria (v nadaljnjem besedilu: VBLF).
ÖVAG considers that business part of its core business with the co-operative banks.
ÖVAG šteje te dejavnosti za del svoje osrednje dejavnosti poslovanja z zadružnimi bankami.
The business activities are focused on Austria.
Navedene poslovne dejavnosti so osredotočene na Avstrijo.
Credit Verbundbank comprises the credit and syndicated loans business with the Verbundbanken [19].
Credit Verbundbank zajema poslovanje z Verbundbanken na področju kreditov in sindiciranih posojil [19].
The services provided by the two subsidiaries VB Factoring and VBLF are considered as central functions for the "Verbund" as well.
Storitve, ki jih zagotavljata hčerinski družbi VB Factoring in VBLF, se prav tako štejejo za osrednje funkcije za „Verbund“.
VBLF is one of the major providers of leasing services in the field of cars, trucks and office automation in Austria.
VBLF je ena od glavnih ponudnic storitev lizinga za avtomobile, tovorna vozila in pisarniško avtomatizacijo v Avstriji.
Due to its inter-linkage with the co-operative banks VBLF will be part of ÖVAG's future business strategy.
VBLF je zaradi medsebojne povezanosti z zadružnimi bankami del prihodnje poslovne strategije ÖVAG.
VB Factoring, a wholly-owned subsidiary of ÖVAG, provides services for the major part of the factoring business carried out by the co-operative banks.
VB Factoring, ki je hčerinska družba v popolni lasti ÖVAG, zagotavlja storitve za velik del faktoring dejavnosti, ki jih opravljajo zadružne banke.
The division Financial Markets comprises in particular the units Group treasury, Volksbank investments, Immo KAG and Online Banking (Livebank).
Oddelek Finančni trgi zajema zlasti enote Zakladnica skupine, Naložbe Volksbank, Immo KAG in Spletno bančništvo (Livebank).
Financial Markets is responsible for the management of short- and long-term liquidity, trading of securities and foreign exchange trading as well as for controlling of liquidity and market price risks.
Ta oddelek je odgovoren za upravljanje kratko- in dolgoročne likvidnosti, trgovanje z vrednostnimi papirji in trgovanje s tujimi valutami, pa tudi za nadzor likvidnosti in tveganj v zvezi s tržnimi cenami.
In addition, it is a provider of products for the co-operative banks and for domestic and foreign institutional clients.
Poleg tega je ponudnik produktov za zadružne banke ter domače in tuje institucionalne stranke.
The division Banking book/Other items consists of the units Capital Markets and Asset Liability Management.
Oddelek Bančna knjiga/Druge dejavnosti je sestavljen iz enot Kapitalski trgi ter Upravljanje sredstev in obveznosti.
In addition, the activities of the company VB Services für Banken GesmbH (an outsourced service provider) and of various holding companies have been assigned to that segment.
Poleg tega so bile navedenemu segmentu dodeljene dejavnosti družbe VB Services für Banken GesmbH (ki je zunanji ponudnik storitev) in dejavnosti različnih holdinških družb.
The non-core segment
Stranski segment
The non-core segment comprises the entirety of participations and former business areas which are no longer part of ÖVAG's core business.
Stranski segment zajema vse deleže in nekdanja poslovna področja, ki niso več del osrednje dejavnosti ÖVAG.
The run-down part of the non-core segment includes in particular the corporate finance portfolio comprising considerable parts of the current Corporate Lending business CEE, the entirety of the Leveraged Finance divisions in Austria and CEE and the business lines International Project Financing and Corporate Banking as far as the latter is not related to the underwriting business with the co-operative banks.
Del stranskega segmenta, ki je v postopku likvidacije, vključuje zlasti portfelj poslovnih financ, ki zajema velik del sedanjih dejavnosti kreditiranja podjetij v državah SVE, celotne oddelke Financiranje z vzvodom v Avstriji in državah SVE ter poslovni področji Financiranje mednarodnih projektov in Korporativno bančništvo, če zadnje navedeno ni povezano z izdajanjem vrednostnih papirjev zadružnim bankam.
The Frankfurt branch will no longer be part of ÖVAG's core portfolio.
Podružnica v Frankfurtu ne bo več del osrednjega portfelja ÖVAG.
Moreover, the real estate portfolio as a whole has been put into run-down and will cease to be part of the bank's business model.
Poleg tega je celoten nepremičninski portfelj v postopku likvidacije in ne bo več del poslovnega modela banke.
The real estate portfolio of Europolis, an asset management company active in the field of real estate, was already sold in 2010.
Nepremičninski portfelj družbe za upravljanje sredstev Europolis, ki je delovala na področju nepremičnin, so prodali že leta 2010.
Another part of that segment is VBLI, a leasing subsidiary which is 50 % owned by ÖVAG.
Drug del navedenega segmenta je lizing hčerinska družba VBLI v 50-odstotni lasti ÖVAG [20].
VBLI group conducts leasing business in eight CEE and South-East European countries.
Skupina VBLI opravlja lizinške posle v osmih državah SVE in jugovzhodne Evrope.
It also holds a minority stake of about 8 % in a leasing company in Hungary whose main stake holder is VR-Leasing.
Ima tudi približno 8-odstotni manjšinski delež v lizing družbi na Madžarskem, katere največji delničar je VR-Leasing.
VBLI was a complementary business to the international credit business conducted by VBI.
Poslovanje VBLI je dopolnjevalo mednarodno kreditno poslovanje VBI.
Due to the discontinuation of the international banking activities the bank intends to sell its participation in VBLI by 31 December [2013-2017].
Banka namerava zaradi opustitve mednarodnih bančnih dejavnosti prodati svoj delež v VBLI do 31. decembra [2013–2017].
In order to facilitate the sale, ÖVAG has already written down its participation in its IFRS accounts by [30-60] % to EUR [50-70] million. If a sale of VBLI by the end of 2014 does not seem realistic, all new business will be ceased by 31 December [2013-2017] and VBLI will be liquidated in compliance with the relevant legal framework. [21]
Da bi ÖVAG olajšala prodajo, je svoj delež v računovodskih izkazih v skladu z MSRP že zmanjšala za [30–60] % na [50–70] milijonov EUR. Če se prodaja VBLI do konca leta 2014 ne zdi uresničljiva, se bodo vsi novi posli končali pred 31. decembrom [2013–2017], družba pa bo likvidirana v skladu z veljavno zakonodajo [21].
Another part of the non-core segment is VBRO, which was excluded from the sale of VBI in 2010.
Naslednji del stranskega segmenta je VBRO, ki je bila izključena iz prodaje VBI leta 2010.
Based on its total assets VBRO is the seventh-largest bank in Romania.
Glede na njena skupna sredstva je VBRO sedma največja banka v Romuniji.
The bank has been active on the Romanian market with a strong focus on mortgage related credits for retail and smaller business clients, mainly denominated in foreign currencies.
Poslovanje banke na romunskem trgu je močno osredotočeno na hipotekarne kredite za posameznike in manjša podjetja, večinoma v tujih valutah.
VBRO is currently being restructured by ÖVAG.
ÖVAG trenutno izvaja prestrukturiranje VBRO.
In 2011, the branch structure was reorganised leading to a significant reduction in branches.
Podružnična struktura je bila leta 2011 preoblikovana, zato se je število podružnic znatno zmanjšalo.
The number of employees in the branch network was cut by 25 %.
Število zaposlenih v mreži podružnic se je zmanjšalo za 25 %.
In the current environment, the acquisition of deposits and payment transaction services is prioritised, while new lending business is strongly reduced.
V sedanjem okolju so pridobivanje vlog in storitve na področju plačilnih transakcij prednostne naloge, novi posojilni posli pa so se močno zmanjšali.
The new business strategy aims at developing VBRO into a universal bank with a more balanced product mix and a reduction of the comparatively high percentage of mortgage loans in foreign currencies.
Cilj nove poslovne strategije je razvoj VBRO v univerzalno banko z bolj uravnoteženo ponudbo produktov in zmanjšanje razmeroma velikega deleža hipotekarnih posojil v tujih valutah.
It is planned to reduce VBRO's dependence on funding by its shareholders and improve the loan-to-deposit ratio.
Predvideno je zmanjšanje odvisnosti VBRO od sredstev delničarjev in izboljšanje razmerja med posojili in vlogami.
The plan also includes a determined work-out strategy for the non-performing loans.
Načrt vključuje tudi trdno strategijo za reševanje problematike nedonosnih posojil.
Although VBRO is planning to generate positive results throughout the restructuring period, the restructuring plan assumes more cautiously neutral results.
Čeprav VBRO načrtuje, da bo dosegala pozitivne rezultate v celotnem obdobju prestrukturiranja, so v načrtu prestrukturiranja previdneje predvideni nevtralni rezultati.
ÖVAG plans to divest VBRO by the end of [2013-2017].
ÖVAG namerava odprodati VBRO do konca leta [2013–2017].
In order to facilitate the sale, ÖVAG has already written down its participation in its IFRS accounts to EUR [0-50]. If a sale of VBRO by the end of [2013-2017] should not seem realistic, all new business will be ceased by 31 December [2013-2017] and VBRO will be liquidated in compliance with the relevant legal framework.
Da bi ÖVAG olajšala prodajo, je svoj delež v računovodskih izkazih v skladu z MSRP že zmanjšala na [0–50] EUR. Če se prodaja VBLI do konca leta [2013–2017] ne zdi uresničljiva, se bodo vsi novi posli končali pred 31. decembrom [2013–2017], VBRO pa bo likvidirana v skladu z veljavno zakonodajo [22].
Finally, the banking activities in Malta are to be divested by the end of [2013-2017].
Nazadnje, bančne dejavnosti na Malti bodo prav tako odprodane do konca leta [2013–2017].
If a sale by end [2013-2017] is not achieved, all new business will be ceased by 31 December [2013-2017] and the activities will be liquidated in compliance with the relevant legal framework.
Če do konca leta [2013–2017] ne bodo odprodane, se bodo vsi novi posli končali pred 31. decembrom [2013–2017], dejavnosti pa bodo likvidirane v skladu z veljavno zakonodajo [24].
Also the participation in RZB will be divested by the end of [2013-2017] at the latest.
Tudi delež v RZB bo odprodan najpozneje do konca leta [2013–2017].
If the participation in RZB has not been sold by that date, a duly authorised Divestiture Trustee will take over the sales process.
Če delež v RZB ne bo odprodan do navedenega datuma, bo ustrezno pooblaščeni odsvojitveni fiduciar prevzel vodenje postopka prodaje [25].