natgillin/translations-raw huggingface dataset:
In such a case, ING will lose the majority in the board and will deconsolidate the business (in line with International Financial Reporting Standards accounting rules).
V takem primeru bo ING izgubila večino v odboru in dekonsolidirala poslovanje (v skladu z računovodskimi pravili mednarodnih standardov računovodskega poročanja).
ING will divest its remaining interests in (i) ING Insurance Europe before 31 December 2018, (ii) ING Insurance US before 31 December 2016, and (iii) ING Insurance Asia before 31 December 2016.
ING bo odsvojila svoje preostale deleže v (i) ING Insurance Europe do 31. decembra 2018, (ii) ING Insurance US do 31. decembra 2016 in (iii) ING Insurance Asia do 31. decembra 2016.
ING commits to eliminate double leverage.
ING se zavezuje, da bo odpravila dvojni finančni vzvod.
To that end, as insurance divestments take place, divestment proceeds will be used to reduce double leverage - to the extent that proceeds are not needed to keep the leverage of the remaining insurance business at an acceptable level - ultimately leading to the full elimination of double leverage.
Zato se bodo po izvedbi odsvojitve zavarovalniškega podjetja prihodki od odsvojitev uporabili za zmanjšanje dvojnega finančnega vzvoda, in sicer v taki meri, da prihodki ne bodo potrebni za ohranjanje finančnega vzvoda preostalega zavarovalniškega podjetja na sprejemljivi ravni, se čimer se bo dvojni finančni vzvod sčasoma popolnoma odpravil.
Separately, to the extent that surplus capital is being generated in excess of what is needed to satisfy Basel III or Solvency II needs, dividends to ING Group can form an additional source to help accelerate the elimination of double leverage.
Po drugi strani lahko dividende ING Group, v obsegu, v katerem se ustvarja presežni kapital, ki presega potrebe za izpolnjevanje potreb Basla III ali Solventnosti II, postanejo dodatni vir za pomoč pri pospeševanju odpravljanja dvojnega finančnega vzvoda.
Amended behavioural commitments
Spremenjene zaveze glede ravnanja
Acquisition ban
Prepoved prevzemov
The Netherlandsfurthermore commits that ING will adhere to an acquisition ban.
Poleg tega se Nizozemska zavezuje, da bo ING spoštovala prepoved prevzemov.
ING will refrain from acquisitions of financial institutions for an additional period, until 18 November 2015 or until the date on which more than 50 % of the Insurance operations in Asia, 50 % of Insurance US and 50 % of Insurance Europe have been divested, whichever date comes earlier [44].
ING se bo vzdržala prevzemov finančnih institucij za dodatno obdobje, do 18. novembra 2015 ali do dne, ko bo več kot 50 % podjetja Insurance Asia, 50 % Insurance US in 50 % Insurance Europe odsvojenega, pri čemer se upošteva zgodnejši datum [44].
Moreover, ING will refrain, for the same period, from acquiring any other businesses that would slow down the repayment of the CT 1 Securities to the Netherlands.
Poleg tega se bo ING v istem obdobju vzdržala prevzemanja vseh drugih podjetij, ki bi upočasnila odplačilo vrednostnih papirjev CT1 Nizozemski.
Notwithstanding that prohibition, ING may, after obtaining the Commission’s approval, acquire businesses, in particular if it is essential in order to safeguard financial stability or competition in the relevant markets.
Ne glede na to prepoved lahko ING po odobritvi Komisije prevzame poslovanje, zlasti če je to ključno za zaščito finančne stabilnosti ali konkurence na ustreznih trgih.
Price leadership ban
Prepoved narekovanja cen
The Netherlandsfurthermore commits that ING Bank will adhere to a price leadership ban.
Nizozemska se nadalje zavezuje, da bo ING Bank spoštovala prepoved narekovanja cen.
A monitoring trustee preselected and proposed by ING, will be appointed by the Netherlandsto monitor that commitment (the "PLB Monitoring Trustee").
Nizozemska bo imenovala nadzornega fiduciarja, ki ga predhodno izbere in predlaga ING in ki bo nadzoroval izvajanje zaveze (v nadaljnjem besedilu: nadzorni fiduciar za prepoved narekovanja cen).
The appointment of the PLB Monitoring Trustee is subject to the Commission’s approval.
Imenovanje nadzornega fiduciarja za prepoved narekovanja cen mora odobriti Komisija.
ING EU (non-ING Direct) > 5 % market share
ING EU (ne ING Direct) > 5-odstotni tržni delež
No price leadership ban will apply for the Netherlands(mortgages, savings, small and medium-sized enterprises' (SMEs) deposits, private banking etc.).
Za Nizozemsko se ne bo uvedla prepoved narekovanja cen (hipotekarna posojila, prihranki, vloge majhnih in srednje velikih podjetij (MSP), zasebno bančništvo itd.).
For other non-ING Direct businesses in the EU with a market share of more than 5 %, the restrictions in Recitals (113) to (114) apply.
Za druga podjetja v EU z več kot 5-odstotnim tržnim deležem, ki niso povezana z ING Direct, se uporabljajo omejitve iz uvodnih izjav od (113) do (114).
Without prior authorisation of the Commission, ING will not offer more favourable prices on standardised ING products (on markets as defined in Recital (114)) than its three best-priced direct competitors with respect to EU markets in which ING has a market share of more than 5 %.
ING brez predhodne odobritve Komisije za svoje standardizirane produkte (na trgih, opredeljenih v uvodni izjavi 0) ne bo ponujala ugodnejših cen, kot jih ponujajo njeni trije cenovno najugodnejši neposredni konkurenti, in sicer na trgih EU, na katerih ima ING več kot 5-odstotni delež.
As a result, ING can at best offer a price while there are at least three products on the market with a better price.
Zato lahko ING v najboljšem primeru ponudi ceno, če so na trgu vsaj trije produkti z ugodnejšo ceno.
That commitment is limited to ING's standardized products on the following product markets: (i) retail savings market, (ii) retail mortgage market, (iii) private banking insofar it involves mortgage products or saving products or (iv) deposits for SMEs (where SME is defined according to the definition of SME customarily or currently used by ING in its business in the relevant country).
Navedena zaveza je omejena na standardizirane produkte ING na naslednjih trgih produktov: (i) trgu varčevanja zasebnikov, (ii) trgu hipotekarnih posojil za prebivalstvo, (iii) zasebnem bančništvu, če vključuje hipotekarne ali varčevalne produkte, ali (iv) vlogah za MSP (MSP se opredelijo v skladu z opredelitvijo MSP, ki jo ING navadno ali trenutno uporablja pri dejavnostih v zadevni državi).
As soon as ING becomes aware of the fact that it offers more favourable prices for its products than its three best-priced competitors, ING will as soon as possible adjust, without any undue delay [45], its price to a level which is in accordance with that commitment.
Ko ING ugotovi, da za svoje produkte ponuja ugodnejše cene, kot jih ponujajo njeni trije cenovno najugodnejši konkurenti, čim prej in brez nepotrebnega odlašanja [45] prilagodi svoje cene ravni, ki je v skladu s to zavezo.
At the moment ING sets its prices, it will assess whether they comply with the price leadership restrictions.
ING bo ob določitvi svojih cen ocenila, ali so v skladu z omejitvami glede narekovanja cen.
In order to minimise conflicts between the price leadership ban and legal and regulatory restrictions on adjusting prices, ING will limit the validity of its market offerings to a maximum of three months.
Da bi ING čim bolj zmanjšala možnost neskladij med prepovedjo narekovanja cen ter pravnimi in zakonskimi omejitvami o prilagajanju cen, bo omejila veljavnost svojih tržnih ponudb na največ tri mesece.
Moreover, to support ING's long-term viability, ING Direct will refrain, without prior authorisation of the Commission, from offering a more favourable price than its best priced direct competitor (among the ten financial institutions [46] having the largest market share in the relevant product market) [47] with respect to standardised ING products on the retail mortgage and retail savings markets within the EU.
Za podporo dolgoročne sposobnosti preživetja ING se bo ING Direct brez predhodne odobritve Komisije vzdržala ponudbe cene, ki je ugodnejša od njenega neposrednega konkurenta z najugodnejšo ceno (ki ima med desetimi finančnimi institucijami [46] največji tržni delež na ustreznem trgu produktov) [47], ob upoštevanju standardiziranih produktov ING na trgih hipotekarnih posojil za prebivalstvo in varčevanja zasebnikov v EU.
As a result, ING can at best offer a price while there is at least one product on the market with a better price.
Zato lahko ING v najboljšem primeru ponudi ceno, če ima na trgu vsaj en produkt ugodnejšo ceno.
All prices offered by such a financial institution (including prices of second brands and subsidiaries) can be used for benchmarking.
Vse cene, ki jih ponuja takšna finančna institucija (vključno s cenami drugih znamk in hčerinskih družb), se lahko uporabijo za referenčno merilo.
As soon as ING Direct becomes aware of the fact that it has become the price leader on a retail mortgage or retail savings markets within the EU, ING Direct will adjust its price to a level which is in accordance with that commitment as soon as possible without any undue delay [48].
Takoj ko ING Direct ugotovi, da je začela narekovati cene na trgih hipotekarnih posojil za prebivalstvo in varčevanja zasebnikov v EU, čim prej in brez nepotrebnega odlašanja [48] prilagodi svoje cene ravni, ki je v skladu s to zavezo.
At the moment ING Direct sets its prices, it will assess whether they comply with the restrictions.
ING Direct bo ob določitvi svojih cen ocenila, ali so v skladu z omejitvami glede narekovanja cen.
In order to minimise conflicts between the price leadership ban and legal and regulatory restrictions to adjust prices, ING Direct will limit the validity of its market offerings to a maximum of three months.
Da bi ING Direct čim bolj zmanjšala možnost neskladij med prepovedjo narekovanja cen ter pravnimi in zakonskimi omejitvami o prilagajanju cen, bo omejila veljavnost svojih tržnih ponudb na največ tri mesece.
In case the number of prices in the benchmark based on the best rate from each of the top ten financial institutions is less than ten, the 11th, 12th 13th etc. largest financial institution will be used until ten prices from different financial institutions have been found.
Če je število cen v referenčnem okviru na podlagi najboljše stopnje vsake od desetih najvišje uvrščenih finančnih institucij manj kot deset, se uporabi 11., 12., 13. itn. največja finančna institucija, dokler se ne pridobi deset cen iz različnih finančnih institucij.
For each country and product group, a pre-set top ten financial institutions list has been agreed (which is included in an additional technical attachment that will be the basis for the monitoring) and will be used until 30 June 2013 and updated periodically.
Za vsako državo in produktno skupino se je po dogovoru oblikoval seznam predhodno določenih deset najvišje uvrščenih finančnih institucij (ki je vključen v dodatni tehnični prilogi, ki bo osnova za spremljanje), ki se bo uporabljal do 30. junija 2013 in redno posodabljal.
In the second quarter of 2013 the PLB Monitoring Trustee [49] will review the list and propose changes if needed.
V drugem četrtletju leta 2013 bo nadzorni fiduciar za prepoved narekovanja cen [49] pregledal seznam in po potrebi predlagal spremembe.
For Spain, France and Italyspecific benchmarking agreements have been made.
Za Španijo, Francijo in Italijo so se pripravili posebni sporazumi za referenčni okvir.
In the specific case of Italy (core rate), ING commits to price lower than the number 1 core rate in Italy compared to the full savings market (excluding three niche players: […]).
V primeru Italije (temeljna stopnja) se ING zavezuje k določitvi cene, ki je nižja od najvišje temeljne stopnje v Italiji v primerjavi s celotnim trgom prihrankov (brez treh nišnih akterjev: […]).
New market entrants will be assessed by the PLB Monitoring Trustee.
Nove udeležence na trgu bo ocenil nadzorni fiduciar za prepoved narekovanja cen.
The benchmark for Italian variable savings promotional rates is constructed based on the top ten financial institutions.
Referenčni okvir za italijanske promocijske stopnje variabilnih prihrankov je sestavljen iz desetih najvišje uvrščenih finančnih institucij.
For each financial institution, the highest variable savings promotional rate will be taken into account.
Za vsako finančno institucijo se bo upoštevala najvišja promocijska stopnja variabilnih prihrankov.
If the financial institution does not offer a variable savings promotional rate, the highest [1-12]-month fixed-term deposit offer will be taken instead.
Če finančna institucija ne ponuja promocijske stopnje variabilnih prihrankov, se bo namesto tega upoštevala najvišja [1–12]-mesečna vezana vloga.
However, if more than [2-6] out of the top ten financial institutions offer a variable savings promotional rate, the ability to include [1-12]-month fixed term deposits is no longer valid.
Če pa več kot [2–6] od desetih najvišje uvrščenih finančnih institucij ponudi promocijsko stopnjo variabilnih prihrankov, ni več možnosti za vključitev [1–12]-mesečnih vezanih vlog.
ING commits to price lower than the best offer in that benchmark list.
ING se zavezuje k ceni, ki je nižja od najboljše ponudbe na navedenem referenčnem seznamu.
Details to the exceptions and other clarifications are included in the attachment referred to in Recital (118).
Podrobnosti v zvezi z izjemami in druge pojasnitve so vključene v Prilogi, navedeni v uvodni izjavi 0.
Moreover, ING will not offer acquisition incentives (e.g. cash bonuses) paid to open a savings account that are, in combination with the interest rate offered, more favourable than the highest combination of interest rate and acquisition incentive on the savings market.
Poleg tega ING ne bo ponudila spodbud za prevzeme (npr. bonuse v denarnih sredstvih), ki bi se plačale za odprtje varčevalnega računa in ki bi bile v kombinaciji s ponujeno obrestno mero ugodnejše od najboljše kombinacije obrestne mere in spodbude za prevzem na trgu varčevanja.
In addition, when offering a bundle of products (including a savings account), any combination of interest rates and acquisition incentives for such bundle will not be higher than the highest combination of interest rates and acquisition incentives on the savings market or for a similar bundle.
Poleg tega v ponudbi svežnja produktov (vključno z varčevalnim računom) ne bo nobene kombinacije obrestnih mer in spodbud za prevzem takega ali podobnega svežnja, ki bi bila boljša od najboljše kombinacije obrestnih mer in spodbud za prevzem na trgu varčevanja.
A bundle includes the pricing of the product itself.
Sveženj vključuje določanje cen samega produkta.
In order to calculate the combined value of the offer, the acquisition incentive is discounted with ING's average first deposit for the campaign on a twelve-month basis, resulting in an effective combined interest rate.
Za izračun kombinirane vrednosti ponudbe se spodbuda za prevzem pri povprečni prvi vlogi ING za kampanjo vsakih dvanajst mesecev ne upošteva, posledica pa je učinkovita kombinirana obrestna mera.
For ING Retail [50], the bundles will be compared to the three best-priced direct competitors.
Za ING Retail [50] se bodo svežnji primerjali s tremi neposrednimi konkurenti z najugodnejšo ceno.
For ING Direct, the bundles will be compared to the ten financial institutions having the largest market share in the relevant product market.
Za ING Direct se bodo svežnji primerjali z desetimi finančnimi institucijami, ki imajo največji tržni delež na ustreznem trgu produktov.
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 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 the attachment.
Če bodo spremembe na trgu povzročile znatno pomanjkanje konkurence v določeni referenčni kategoriji tudi po vključitvi vseh finančnih institucij ali če bodo konkurenti (i) strankam predložili nepravilne ali nepopolne informacije v zvezi s prepovedjo narekovanja cen ING ali (ii) poskušali ING izpostaviti tveganju kršitve prepovedi narekovanja cen, bo nadzorni fiduciar za prepoved narekovanja cen po posvetovanju s Komisijo podal predlog in si prizadeval za sporazum med Komisijo in ING, da se poišče rešitev v smislu rešitev, ki so navedene v Prilogi.
The price leadership ban commitments made by ING in 2009, which are included in the Annex to the 2012 Restructuring Decision, will remain in force for a transition period of three months after the present Decision is adopted.
Zaveze ING v zvezi s prepovedjo narekovanja cen iz leta 2009, ki so vključene v Prilogi k sklepu o prestrukturiranju iz leta 2012, bodo veljale v prehodnem obdobju treh mesecev po sprejetju tega sklepa.
The amended restrictions set out in Annex I will enter into force three months after the present Decision is adopted.
Spremenjene omejitve iz Priloge I bodo začele veljati tri mesece po sprejetju tega sklepa.
The price leadership ban will apply until 18 November 2015 or until the date on which more than 50 % of the Insurance operations in Asia, 50 % of the Insurance operations in the US [51] and 50 % of the Insurance 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 v Aziji, 50 % podjetja Insurance v ZDA [51] in 50 % podjetja Insurance v Evropi odsvojenih, pri čemer se upošteva zgodnejši datum.
Restructuring period prolongation and prolongation of other commitments of the restructuring plan
Podaljšanje obdobja prestrukturiranja in podaljšanje drugih zavez načrta prestrukturiranja
ING will continue to orientate its non-deposit funding towards longer-term funding by issuing more debt instruments with a maturity more than one year.
ING bo svoje nedepozitno financiranje še naprej usmerjala v dolgoročnejše financiranje z izdajanjem več dolžniških instrumentov z zapadlostjo, daljšo od enega leta.
That strategy will imply that the relative share of outstanding long-term funding (with maturity of more than one year) in the non-deposit part of ING’s 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 that strategy depends on markets reverting to less stressed conditions.
Uspešnost navedene strategije je odvisna od tega, ali se bodo na trgih zmanjšale težke razmere.
Regarding calling of Tier 1 and Tier 2 securities the Netherlands commits that ING will propose to the Commission for authorisation every calling or buy-back of Tier 2 capital and Tier 1 hybrids until the earlier date of 18 November 2014 or the date on which ING has fully repaid the CT1 securities to the Netherlands (including the relevant accrued interest on coupons on those CT1 securities and exit premium fees).
V zvezi z nakupom vrednostnih papirjev prvega in drugega reda se Nizozemska zavezuje, da bo ING Komisiji v odobritev predložila vsak nakup ali odkup kapitala drugega reda in hibridnih instrumentov prvega reda do 18. novembra 2014 ali dokler ING Nizozemski v celoti ne odplača vrednostnih papirjev CT1 (vključno z zadevnimi natečenimi obrestmi kuponov na navedene vrednostne papirje CT1 in provizijami izhodnih premij).
ING will not be obliged to defer coupon payments on hybrids.
ING ne bo zavezana k odložitvi plačil kuponov na hibridne instrumente.
The Dutch authorities understand that the Commission is against State aid recipients remunerating own funds (equity and subordinated debt) when their activities do not generate sufficient profits and that the Commission is in that context in principle against the calling of Tier 2 capital and Tier 1 hybrids.
Nizozemski organi so seznanjeni z nasprotovanjem Komisije temu, da prejemniki državne pomoči to uporabljajo za nadomestila za lastna sredstva (lastniški kapital in podrejeni dolg), če njihove dejavnosti ne ustvarjajo dovolj dobička ter da Komisija v tem okviru načeloma nasprotuje nakupu kapitala drugega reda in hibridnih instrumentov prvega reda.
Notwithstanding the restriction set out in Recital (126), ING will be allowed to call the EUR 1,25 billion ING VerzekeringenNVhybrid (ISIN XS0130855108) that has a change of control trigger, upon which ING Verzekeringen NV would be in default.
Kljub omejitvam v uvodni izjavi 0 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 calling of that instrument is a pre-requisite for the required restructuring to allow for a standalone insurance business.
Nakup tega instrumenta je predpogoj za zahtevano prestrukturiranje, da se omogoči samostojno zavarovalniško podjetje.
The change of control clause will be triggered upon the divestment of Insurance Asia.
Ob odsvojitvi Insurance Asia bo začela učinkovati klavzula o spremembi nadzora.
The Netherlandscommits that ING will refrain from mass marketing invoking the recapitalisation measure as an advantage in competitive terms.
Nizozemska se zavezuje, da se bo ING vzdržala množičnega trženja, pri katerem bi državna pomoč pomenila konkurenčno prednost.
The Netherlandscommits that the full execution of ING's restructuring will be completed before 31 December 2015, unless otherwise specified e.g. the divestment of the remaining interest (i.e. interest below 50 %) in the ING Insurance business.
Nizozemska se zavezuje, da bo celotno prestrukturiranje ING končano pred 31. decembrom 2015, razen če ni drugače navedeno, npr. odsvojitev preostalega deleža (tj. deleža, manjšega od 50 %) v podjetju ING Insurance.
Repayment schedule
Načrt odplačil
ING will repay the remaining 300000000 Core Tier 1 securities to the Netherlandsin line with the following schedule: (i) EUR 1125 million by 26 November 2012, (ii) EUR 1125 million by 6 November 2013, (iii) EUR 1125 million by 31 March 2014, and (iv) EUR 1125 million by 15 May 2015 as further detailed in the repayment schedule below.
ING bo Nizozemski odplačala preostalih 300000000 temeljnih vrednostnih papirjev prvega reda po naslednjem načrtu: (i) 1125 milijonov EUR do 26. novembra 2012, (ii) 1125 milijonov EUR do 6. novembra 2013, (iii) 1125 milijonov EUR do 31. marca 2014 in (iv) 1125 milijonov EUR do 15. maja 2015, kot je podrobneje navedeno v načrtu odplačil v nadaljevanju.
Repayment Schedule
Načrt odplačil
(EUR bn)
(v milijardah EUR)
50 % preminum/accr. interest
50 % premija/natečene obresti
repurchase
Ponovni odkup
redemption at par through conversion
Odkup pri nominalni vrednosti s pretvorbo
To bring the total payment exactly to EUR 4,5 billion, for a very small part ING will need to exercise the conversion option of the CT1 securities, because repurchase at 150 % will trigger accrued interest if not done on 13 May of each year.
Da bi se skupno plačilo zvišalo natanko na 4,5 milijarde EUR, bo morala ING v zelo majhni meri uporabiti možnost pretvorbe vrednostnih papirjev CT1, ker se s ponovnim odkupom po 150 % sprožijo natečene obresti, če ta odkup ni izveden do 13. maja vsako leto.
In case of (such) conversion (also as described under this commitment below), the DutchStatewill opt for redemption at par in cash.
V primeru (take) pretvorbe (in v skladu z zavezo, opisano v nadaljevanju) bo Nizozemska izbrala izplačilo po nominalni vrednosti v denarnih sredstvih.
Those repayments will predominantly be done by repurchasing the CT1 securities from the Netherlandsand by paying the related 50 % premium.
Navedena odplačila bodo izvedena predvsem s ponovnim odkupom vrednostnih papirjev CT1 od Nizozemske in s plačilom z odkupom povezane 50-odstotne premije.