natgillin/translations-raw huggingface dataset:
For ING EU ((non-ING Direct) > 5 % market share), the bundles will be compared to the three best priced direct competitors.
Za ING EU ((ne ING Direct) > 5-odstotni tržni delež) se bodo svežnji primerjali s tremi neposrednimi konkurenti z najugodnejšo ceno.
In case of market changes leading to a lack of significant competition within a certain benchmark category, even after having included all Financial Institutions, or in case of competitors (i) providing incorrect and/or incomplete information to customers with regard to ING’s price leadership ban or (ii) trying to expose ING to the risk of breaching the price leadership ban, the PLB Monitoring Trustee will, after hearing the Commission, make a proposal and seek the agreement of Commission and ING in order to find a solution in the spirit of the solutions as included in a separate document which has been agreed with the Commission for the monitoring.
Če bodo spremembe na trgu povzročile pomanjkanje znatne konkurence v določeni referenčni kategoriji tudi po vključitvi vseh finančnih institucij ali če bodo konkurenti (i) strankam predložili nepravilne in/ali nepopolne informacije v zvezi s prepovedjo narekovanja cen ING ali (ii) poskušali ING izpostaviti tveganju za kršitev prepovedi narekovanja cen, bo nadzorni fiduciar za prepoved narekovanja cen po zaslišanju Komisije podal predlog in si prizadeval za sporazum med Komisijo in ING, da se poišče rešitev v smislu rešitev, ki so navedene v ločenem dokumentu, ki je po dogovoru s Komisijo osnova za spremljanje.
The price leadership ban restrictions committed by ING in 2009, which are included in the Annex to the Commission’s Decision of 11 May 2012, will remain in force for a transition period up to three months after the Commission’s Decision on this amended Annex.
Omejitve v zvezi s prepovedjo narekovanja cen, h katerim se je ING zavezala leta 2009 in so vključene v Prilogo k sklepu Komisije z dne 11. maja 2012, bodo ostale veljavne v prehodnem obdobju do treh mesecev po sklepu Komisije o tej spremenjeni Prilogi.
The amended restrictions set out in this Annex will enter into force three months after the Commission’s Decision on this amended Annex.
Spremenjene omejitve iz Priloge bodo začele veljati tri mesece po sklepu Komisije o tej spremenjeni prilogi.
The price leadership ban will apply until 18 November 2015 or until the date on which more than 50 % of the Insurance/IM operations in Asia, 50 % of the Insurance/IM operations in the US [9] and 50 % of the Insurance/IM operations in Europe have been divested, whichever date comes earlier.
Prepoved narekovanja cen bo veljala do 18. novembra 2015 ali do dne, ko bo več kot 50 % podjetja Insurance/IM v Aziji, 50 % podjetja Insurance v ZDA [9] in 50 % podjetja Insurance/IM v Evropi odsvojenih, pri čemer se upošteva zgodnejši datum.
A monitoring trustee preselected and proposed by ING, will be appointed by the Netherlandsto monitor this commitment ("the PLB Monitoring Trustee").
Nizozemska bo imenovala nadzornega fiduciarja, ki ga predhodno izbere in predlaga ING in ki bo nadzoroval izvajanje te zaveze.
The appointment of the PLB Monitoring Trustee is subject to the Commission’s approval
Imenovanje nadzornega fiduciarja za prepoved narekovanja cen mora odobriti Komisija.
The Netherlandscommits to a number of detailed provisions as regards the carve-out and divestment of WUH/Interadvies:
Nizozemska se zavezuje k številnim podrobnim določbam v zvezi z delno izčlenitvijo WUH/Interadvies:
ING will create a new company for divestment in the Netherlands, which will be carved out from its current Dutch retail banking business.
ING bo na Nizozemskem ustanovila novo družbo za odsvojitev, ki bo delno izčlenjena iz sedanje dejavnosti nizozemske družbe ING za bančno poslovanje s prebivalstvom.
The key financial projections of that business will be as follows [10]:
Ključne finančne napovedi te družbe bodo naslednje [10]:
Client balances & funding projections NN-bank
Bilance strank in napovedi financiranja banke NN
(millions)
(v milijonih EUR)
Client balances
Bilance strank
Customer Deposits
Potrošniške vloge
ING Bank funding
Financiranje ING Bank
The result has to be that the new company is a viable and competitive business, which stands alone and is separate from the businesses retained by ING. That new company will comprise parts of the business of the already carved out and stand alone Westland Utrecht/Interadvies banking division (“Westland Utrecht Bank”) and the current (limited) activities of the recently established banking Division of Nationale Nederlanden (NN Bank).
Rezultat mora biti za preživetja sposobna in konkurenčna nova družba, ki je neodvisna in ločena od dejavnosti, ki jih zadrži ING. Ta nova družba bo vključevala dejavnosti že delno izčlenjenega in neodvisnega bančnega oddelka Westland Utrecht/Interadvies („banka Westland Utrecht Bank“) ter trenutne (omejene) dejavnosti nedavno ustanovljenega bančnega oddelka Nationale Nederlanden (banka NN Bank).
The Divestment Business will be placed under ING Insurance/IM Europe which has a long-term strategic commitment to the Dutch retail market and will operate under the "Nationale Nederlanden" brand (as “NN Bank”), with its own funding capabilities and a broad distribution network.
Odsvojena družba bo del družbe ING Insurance/IM Europe, ki ima dolgoročno strateško zavezo nizozemskemu trgu poslovanja s prebivalstvom in bo delovala pod znamko „Nationale Nederlanden“ (kot „banka NN Bank“) z lastnimi zmožnostmi financiranja in široko distribucijsko mrežo.
NN Bank will offer a broad and coherent product line, with mortgages, savings, bank annuities, investments and consumer credit products, combined with core retail insurance products of NN Life and P&C insurance companies [11].
Banka NN Bank bo nudila široko in usklajeno izbiro produktov s hipotekarnimi posojili, prihranki, bančnimi rentami, naložbami in produkti potrošniških kreditov v kombinaciji s produkti osnovnega maloprodajnega zavarovanja njenih zavarovalnic, ki nudijo življenjsko in nezgodno zavarovanje [11].
All these distribution channels together provide access to over 2,5 million NN customers.
Vsi ti distribucijski kanali skupaj zagotavljajo dostop do več kot 2,5 milijona strank banke NN Bank.
NN Bank will be largely self-funded through retail savings and excess funding from insurance business, complemented by external funding as needed.
Banka NN Bank se bo v veliki meri financirala sama prek varčevanja zasebnikov in presežnega financiranja iz zavarovalniškega poslovanja ter po potrebi z zunanjim financiranjem.
NN has access to funding and capital to enable growth and production of mortgages, which is a competitive advantage in current market conditions.
Banka NN Bank ima dostop do financiranja in kapitala za omogočanje rasti in izdaje hipotekarnih posojil, kar je konkurenčna prednost v sedanjih razmerah na trgu.
By executing the business case proposal, part of the existing mortgages portfolio of Westland Utrecht Bank will be retained by ING. The balance sheet of NN Bank will be modest at the start, to provide adequate matching of assets and liabilities and grow quickly to a mid-sized player.
Z izvrševanjem predloga poslovnega načrta bo ING zadržala del obstoječega portfelja hipotekarnih posojil banke Westland Utrecht Bank. Bilanca banke NN Bank bo sprva skromna, da se zagotovi ustrezno ujemanje sredstev in obveznosti ter da hitro postane srednje velik akter.
The capitalisation will be sufficient to execute its long-term growth plan: ING will transfer economic benefits of the ING-retained portfolio (EUR 350 million based on the net present value of the (economic) profits of that portfolio) as an upfront capital injection, and will provide additional capital (up to EUR 120 million) if and when needed but ultimately just before divestment (if Basel III leverage ratio becomes mandatory, and when NN Bank needs capital to execute the business plan).
Kapitalizacija bo zadostovala za izvršitev njenega načrta dolgoročne rasti: ING bo prenesla gospodarske koristi portfelja, ki ga je zadržala ING (350 milijonov EUR na podlagi neto sedanje vrednosti (gospodarskega) dobička tega portfelja), kot vnaprejšnji kapitalski vložek, in bo zagotovila dodatni kapital (do 120 milijonov EUR), če in ko bo potrebno, najpozneje pa tik pred odsvojitvijo (če stopnja finančnega vzvoda Basel III postane obvezna in kadar banka NN Bank za izvrševanje poslovnega načrta potrebuje kapital).
This will ensure growth to about 2016, after which NN Bank will be able to fund its growth by itself.
To bo zagotovilo rast približno do leta 2016, nato pa bo banka NN Bank lahko sama financirala svojo rast.
Hence, ING will bear all expenses and risks of the retained mortgages portfolio (until maturity) and will transfer the profits to NN Bank.
ING bo torej krila vse stroške in tveganja zadržanega portfelja hipotekarnih posojil (do zapadlosti) ter bo prenesla dobiček na banko NN Bank.
NN Bank will have the following targets with respect to mortgages and consumer lending:
Cilji banke NN Bank v zvezi s hipotekarnimi posojili in potrošniškim kreditiranjem bodo naslednji:
transfer individual client relationships through a transfer of mortgages to NN Bank (based on individual offers to mortgage clients of ING Bank [13]) (size depending on need to come to abovementioned market share; selection of ING’s portfolio with PD’s and LGD’s [14] in line with the business case);
prenos odnosov s posameznimi strankami prek prenosa hipotekarnih posojil na banko NN Bank (na podlagi posameznih ponudb strankam s hipotekarnimi posojili pri banki ING Bank [13]) (velikost je odvisna od potrebe po doseganju navedenega tržnega deleža; izbira portfelja ING z verjetnostjo neplačila in izgubami ob neplačilu [14] v skladu s poslovnim načrtom);
Consumer Lending
Potrošniško kreditiranje
transfer of ownership of those consumer loans at no additional charge for the client or charge for NN Bank.
prenos lastništva navedenih potrošniških posojil brez dodatnih stroškov za stranko ali banko NN Bank.
ING commits that by 31 December 2015 or upon divestment of more than 50 % of ING Insurance/IM Europe casu quo. NN Bank the minimum targeted Tier-one level of NN Bank will be 12 %, which is well above the regulatory minimum requirement.
ING se zavezuje, da bo do 31. decembra 2015 ali po odsvojitvi več kot 50 % ING Insurance/IM Europe oziroma NN Bank, najnižja ciljna raven prvega reda banke NN Bank 12-odstotna, kar je precej več od najnižje zakonske zahteve.
ING commits to include a payments facility to NN Bank in the form of a NN-branded credit-card at a cost to the consumer not higher than that of a debit card.
ING se zavezuje, da bo v banko NN Bank vključila način plačila v obliki kreditne kartice z oznako NN na stroške potrošnika, ki ne bodo presegali stroškov za bančno plačilno kartico.
With regard to the NN-branded credit-card holders, ING will provide access free of charge to its ATMs for three years after the launch of the product and ultimately until 31 December 2015.
V zvezi z imetniki kreditne kartice z oznako NN bo ING zagotovila brezplačen dostop do svojih bankomatov za tri leta po tem, ko kreditna kartica dana v obtok, najpozneje pa do 31. decembra 2015.
ING will be allowed to explain to its clients that the mailing is being made in order for ING to comply with the State aid rules.
ING bo svojim strankam lahko pojasnila, da so dopisi poslani zato, da ING izpolnjuje pravila o državni pomoči.
ING Bank will cap its new mortgage production.
ING Bank bo omejila svoj nov promet s hipotekarnimi posojili.
ING commits that ING Bank’s yearly mortgage production (excluding renewals) is not higher than [2-4] times of the new production of NN Bank.
ING se zavezuje, da banka ING Bank letno ne bo izdala več kot [2–4]-krat več hipotekarnih posojil (brez obnovitev), kot jih na novo izda banka NN Bank.
If NN Bank’s new production on yearly basis exceeds EUR [2-8] billion there are no restrictions on new production for ING Bank, meaning that if over one semester (half year) the new production of NN Bank exceeds EUR [1-4] billion, ING will not be constrained in the volume of its new production in the consecutive semester.
Če banka NN Bank na letni podlagi na novo izda hipotekarna posojila v vrednosti več kot [2–8] milijard EUR, za banko ING ni nobenih omejitev glede novih izdaj (kar pomeni, da če v enem semestru (polovici leta) banka NN Bank na novo izda hipotekarna posojila v višini več kot [1–4] milijard EUR, ING ne bo omejena glede količine svojih novih izdaj v naslednjem semestru).
NN-Bank needs to provide new production data (new proposals, accepted proposals) and forecasts on a monthly basis to ING without any undue delay.
Banka NN Bank mora brez nepotrebnega odlašanja ING vsak mesec zagotoviti podatke o novih izdajah (novi predlogi, sprejeti predlogi) in napovedih.
Compliance with the cap will be measured on the basis of the production numbers published by the Kadaster.
Skladnost z omejitvijo se bo merila na podlagi številčnih podatkov prometa, ki jih objavi Kadaster.
Progress reporting will be on a quarterly basis.
O napredku bo poročala vsako četrtletje.
This means that ING will not increase its funding of NN Bank in absolute amounts beyond the amounts in the business plan for each year and the maximum funding provided by ING in 2015 will be EUR 2,7 billion.
ING tako ne bo povečala svojega financiranja banke NN Bank v absolutnih zneskih, višjih od zneskov v poslovnem načrtu za posamezno leto, pri čemer bo najvišje financiranje ING leta 2015 znašalo 2,7 milijarde EUR.
Funding provided by ING at the end of 2015 with a maximum amount of EUR 2,7 billion has to take form of marketable securities, where ING can buy at market prices unsecured or secured notes like covered bonds or RMBS.
Financiranje, ki ga bo ING zagotovila konec leta 2015 z najvišjim zneskom v višini 2,7 milijarde EUR, mora imeti obliko tržnih vrednostnih papirjev, pri čemer lahko ING po tržnih cenah kupi nezavarovane in zavarovane obveznice, kot so krite obveznice ali RMBS. Obveznice lahko poleg ING kupijo tudi drugi vlagatelji.
The notes can be bought also by investors other than ING. 100 % of the notes should have a tenor at issuance of five years or more, 66 % a tenor equal or longer than seven years and 33 % a tenor equal or longer than ten years.
100 % obveznic mora ob izdaji veljati pet let ali več, 66 % jih mora veljati sedem let ali več, 33 % pa deset let ali več.
The determination of an ‘arm's length’ pricing will be either decided by the pricing of the security itself or if ING is the only buyer of the security by secondary market prices of comparable peers proposed by the Monitoring Trustee.
Določanje cen po tržnih cenah bo opredeljeno z določanjem cen vrednostnega papirja samega ali, če je ING njegov edini kupec, s cenami sekundarnega trga primerljivih družb, ki jih predlaga nadzorni fiduciar.
The funding amount of NN Bank (total deposits and wholesale funding) [16] will amount to at least 75 % in the first year, 80 % in the second year and 85 % in the third year (with a maximum wholesale funding of EUR [1-4] billion) versus the base case projections.
Znesek financiranja banke NN Bank (skupne vloge in financiranje za podjetja) [16] bo v primerjavi z napovedmi osnovnega scenarija v prvem letu znašal najmanj 75 %, v drugem letu 80 %, v tretjem letu pa 85 % (najvišji znesek financiranja za podjetja bo znašal[1–4] milijard EUR).
ING’s level of funding will be reviewed on an annual basis starting from the launch of NN Bank (Van Gogh) until 31 December 2015.
Raven financiranja ING se bo pregledovala vsako leto od vzpostavitve banke NN Bank (scenarij Van Gogh) do 31. decembra 2015.
If the funding projections of the business case are not met by the end of each year, ING will take the following corrective measures:
Če napovedi financiranja iz poslovnega načrta banke NN Bank ne bodo izpolnjene ob koncu posameznega leta, bo ING sprejela naslednje popravljalne ukrepe:
ING will be allowed to explain to its clients that the mailing is required in order for ING to comply with the State aid rules.
ING bo svojim strankam lahko pojasnila, da so dopisi poslani zato, da ING izpolnjuje pravila o državni pomoči.
After the first year, ING will provide an additional marketing budget to NN Bank of EUR 1 million if actual funding is under 80 % and EUR 2 million if actual funding is under 75 % of the base case projection of the first year.
Po prvem letu bo ING banki NN Bank zagotovila dodatni proračun za trženje v višini 1 milijon EUR, če bo dejansko financiranje manjše od 80 % napovedi osnovnega scenarija za prvo leto, in v višini 2 milijona EUR, če bo dejansko financiranje manjše od 75 % navedene napovedi.
After the second year, ING will provide an additional marketing budget to NN Bank of EUR 2 million if actual funding is under 85 % and EUR 4 million if actual funding is under 80 % of the base case projection of the second year.
Po drugem letu bo ING banki NN Bank zagotovila dodaten proračun za trženje v višini 2 milijona EUR, če bo dejansko financiranje manjše od 85 % napovedi osnovnega scenarija za drugo leto, in v višini 4 milijona EUR, če bo dejansko financiranje manjše od 80 % navedene napovedi.
After the third year, ING will provide an additional marketing budget to NN Bank of EUR 5 million if actual funding is under 85 % and EUR 6 million if actual funding is under 80 % of the base case projection of the third year.
Po tretjem letu bo ING banki NN Bank zagotovila dodaten proračun za trženje v višini 5 milijonov EUR, če bo dejansko financiranje manjše od 85 % napovedi osnovnega scenarija za tretje leto, in v višini 6 milijonov EUR, če bo dejansko financiranje manjše od 80 % navedene napovedi.
NN Bank will use those marketing budgets for new direct sales marketing (mainly promotional […] and […] incentives, and to a lesser extent other marketing methods etc. If the measures do not consist mainly of promotional […] or […] incentives, they need to be approved by the Monitoring Trustee and can be rejected by the Commission)
Banka NN Bank bo te dodatne proračune za trženje uporabila za novo trženje z neposredno prodajo (zlasti promocijske […] in […] spodbude ter v manjši meri druge tržne metode itd. Če ukrepi niso sestavljeni predvsem iz promocijskih […] ali […] spodbud, jih mora odobriti nadzorni fiduciar, Komisija pa jih lahko zavrne).
If the actual funding of 2015 is under 85 % of the base case projection of 2015, ING will take in addition to the above the following corrective measure:
Če je dejansko financiranje za leto 2015 nižje od 85 % napovedi osnovnega scenarija za leto 2015, bo ING poleg navedenega sprejela naslednji popravljalni ukrep:
Provide a two-year extension of free access to the ING ATMs for NN-branded credit-card holders (i.e. until 31 December 2017).
zagotovitev dvoletnega podaljšanja prostega dostopa do bankomatov ING za imetnike kreditnih kartic z oznako NN (tj. do 31. decembra 2017).
The Commission will assess the above-mentioned commitments upon the divestment of more than 50 % of ING Insurance/IM Europe casu quo NN Bank or by 31 December 2015, whichever date comes earlier.
Komisija bo ocenila navedene zaveze ob odsvojitvi več kot 50 % ING Insurance/IM Europe oziroma banke NN Bank ali do 31. decembra 2015, pri čemer se upošteva zgodnejši datum.
The commitments will end on the date of the divestment of more than 50 % of ING Insurance/IM Europe casu quo NN Bank, unless specified otherwise.
Če ni določeno drugače, bodo zaveze prenehale veljati na dan odsvojitve več kot 50 % ING Insurance/IM Europe oziroma banke NN Bank.
ING will ringfence NN Bank up to the divestment of more than 50 % of ING Insurance/IM Europe, to be monitored by the Monitoring Trustee.
ING bo izvajala omejitvene ukrepe za banko NN Bank do odsvojitve več kot 50 % ING Insurance/IM Europe, kar bo nadzoroval nadzorni fiduciar.
For the implementation of the ringfencing, a leading design principle will be that it will allow NN Bank and NN Insurance to adequately execute an integrated commercial strategy between retail insurance and retail banking products & services.
Za izvajanje omejitvenih ukrepov bo glavno načelo zasnove, da se banki NN Bank in NN Insurance omogoči natančno izvrševanje vključene poslovne strategije med produkti in storitvami s področja potrošniškega zavarovanja in bančnega poslovanja s prebivalstvom.
ING will refrain for an interim period up to and until 12 months after the divestment of NN Bank (i.e. divestment of more than 50 % of ING Insurance/IM Europe and NN Bank) from actively soliciting customers of NN Bank for products that NN Bank is supplying to those customers on the date of the adoption of the Commission’s Decision.
ING se bo v vmesnem obdobju do največ 12 mesecev po odsvojitvi banke NN Bank (tj. odsvojitev več kot 50 % ING Insurance/IM Europe in banke NN Bank) vzdržala dejavnega pridobivanja strank banke NN Bank za nakup produktov, ki jih banka NN Bank zagotavlja tem strankam na dan sprejetja tega sklepa.
For restoring viability, the Netherlandscommits that ING will adhere to the following:
Nizozemska se zavezuje, da bo ING za ponovno vzpostavitev sposobnosti preživetja spoštovala naslednje:
This will imply that the relative share of outstanding long-term funding (with maturity of more than one year) in the non-deposit part of its balance sheet will continue to increase.
Ta strategija bo pomenila, da se bo sorazmerni delež neporavnanega dolgoročnega financiranja (z zapadlostjo, daljšo od enega leta) v nedepozitnem delu bilance ING še naprej povečeval.
The success of this does depend on markets reverting to less stressed conditions
Uspešnost te strategije je odvisna od tega, ali se bodo zmanjšale težke razmere na trgih.
Separately, to the extent that surplus capital is being generated in excess of what is needed to satisfy Basel III or Solvency 2 needs, dividends to the group holding company can form an additional source to help accelerate the elimination of double leverage.
Po drugi strani, v obsegu, v katerem se ustvarja presežni kapital, ki presega potrebe za izpolnjevanje potreb Basla III ali Solventnosti II, lahko dividende holdinške družbe skupine postanejo dodatni vir za pomoč pri pospeševanju odpravljanja dvojnega finančnega vzvoda.
Regarding the deferral of coupons and calling of Tier 1 and Tier 2 securities the Netherlandscommits that ING will adhere to the following:
V zvezi z odlogom plačila kuponov in nakupom vrednostnih papirjev prvega in drugega reda se Nizozemska zavezuje, da bo ING spoštovala naslednje:
Notwithstanding the above-mentioned restriction, ING will be allowed to call the EUR 1,25 billion ING Verzekeringen NV hybrid (ISIN XS0130855108) that has a Change of Control trigger, upon which ING Verzekeringen NV would be in default.
Ne glede na navedeno omejitev bo ING lahko kupila hibridni instrument družbe ING Verzekeringen NV v vrednosti 1,25 milijarde EUR (ISIN XS0130855108), ki ima povod za spremembo nadzora, ob katerem bi bila ING Verzekeringen NV v položaju, ko ne bo več sposobna izpolnjevati finančnih obveznosti.
The Change of Control clause will be triggered upon the divestment of Insurance Asia.
Klavzula o spremembi nadzora bo sprožena ob odsvojitvi Insurance Asia.
The Netherlands commits that ING will maintain the restrictions on its remunerations policies and marketing activities as previously committed to under the agreements concerning the Core Tier 1 Securities and illiquid assets back-up facility.
Nizozemska se zavezuje, da bo ING ohranila omejitve v zvezi s svojo politiko nadomestil in tržnih dejavnosti, kot se je predhodno zavezala v dogovorih o temeljnih vrednostnih papirjih prvega reda in rezervni kreditni liniji nelikvidnih sredstev.
ING and the Netherlands commit that the progress report about the implementation of the restructuring plan will be provided to the Commission every six months until 31 December 2013 and annually until 2018 or until the full divestment of the ING Insurance business.
ING in Nizozemska se zavezujeta, da bosta poročilo o napredku glede izvajanja načrta prestrukturiranja Komisiji predložili vsakih šest mesecev do 31. decembra 2013, nato pa enkrat letno do leta 2018 ali do celotne odsvojitve podjetja ING Insurance.