natgillin/translations-raw huggingface dataset:
That was manifestly the case when Anglo and INBS started to use the CIFS in 2008 and the ELG, the guarantee on short-term liabilities in 2010 and the guarantee on their ELA, while Anglo also received a State guarantee on its off-balance sheet liabilities.
To je bilo očitno, ko sta banki Anglo in INBS leta 2008 začeli uporabljati CIFS in ELG, leta 2010 jamstvo za kratkoročne obveznosti, ter jamstvo za svojo pomoč ELA, medtem ko je banka Anglo prejela tudi državno jamstvo za svoje zunajbilančne obveznosti.
In that context, there was a significant overlap between the different guarantees, more specifically, the CIFS and ELG scheme, which could lead to double-counting.
V tem okviru so se različna jamstva precej prekrivala, natančneje shemi CIFS in ELG, kar bi lahko vodilo k dvojnemu štetju.
At the same time, the amounts covered by the various guarantees fluctuated over time (CIFS, ELG scheme and ELA).
Obenem pa so se zneski, ki jih pokrivajo različna jamstva, skozi čas spreminjali (CIFS, shema ELG in ELA).
It should also be recalled that the participation of those two banks in State guarantee schemes is not taken into account for the calculation of the amount of aid relative to their risk weighted assets (hereafter ‘RWA’) in order to establish whether an in-depth restructuring is necessary.
Pri tem je treba spomniti tudi na to, da udeležba teh dveh bank v državnih jamstvenih shemah ni upoštevana pri izračunu zneska pomoči v odnosu do njihove tveganju prilagojene aktive zaradi ugotavljanja, ali je potrebno poglobljeno prestrukturiranje.
On the other hand, the aid element in the guarantees will be taken into account in the context of the restructuring.
Po drugi strani pa se bo element pomoči v jamstvih upošteval v okviru prestrukturiranja.
For those reasons, the Commission has not calculated the aid amount associated with those State guarantees.
Iz zgoraj navedenih razlogov Komisija ni izračunala zneska pomoči, povezanega z navedenimi državnimi jamstvi.
Aid measures for the merged entity
Ukrepi pomoči za združeni subjekt
The merged entity […] a further EUR 3,3 billion of capital in case the stress scenario materialises.
Združeni subjekt […] nadaljnje 3,3 milijarde EUR kapitala, če nastopi izjemni scenarij.
The merged entity also benefits from State guarantees on its remaining deposits which stands at a maximum of EUR 1 billion, its off-balance sheet transactions which is estimated at a gross maximum amount of […], and a continuation of the State guarantee on the ELA or other similar facility it receives which is estimated at up to […] at commencement of the merger.
Združeni subjekt bo imel koristi tudi od državnih jamstev za preostale vloge, ki znašajo največ 1 milijardo EUR, svoje zunajbilančne transakcije, katerih največji bruto znesek je ocenjen na […], in od nadaljevanja državnega jamstva za pomoč ELA ali drugega podobnega sredstva, ki ga prejme in je ocenjeno na največ […] ob začetku združitve.
For the calculation of the State aid amount, the Commission finds that as regards the guarantees provided to the merged entity, the reasoning in recital 115 applies.
Pri izračunu zneska državne pomoči Komisija ugotavlja, da se v zvezi z jamstvi, ki jih je prejel združeni subjekt, uporabljajo argumenti iz uvodne izjave 115.
Conclusion as regards the amount of aid
Sklepne ugotovitve glede zneska pomoči
On the basis of the foregoing, it should be concluded that Anglo has received State aid in the form of recapitalisations and an asset relief measures amounting to at least EUR 32 billion (43,9 % of RWA).
Na podlagi zgoraj navedenega je treba skleniti, da je banka Anglo prejela državno pomoč v obliki dokapitalizacij in ukrepov finančne pomoči za oslabljena sredstva, ki je znašala najmanj 32 milijard EUR (43,9 % tveganju prilagojene aktive).
INBS has received State aid in the form of recapitalisations and an asset relief measure amounting to at least EUR 6,2 billion (59 % of RWA).
Banka INBS je prejela državno pomoč v obliki dokapitalizacij in ukrepa finančne pomoči za oslabljena sredstva v višini najmanj 6,2 milijarde EUR (59 % tveganju prilagojene aktive).
Those levels are substantially above the 2 % threshold as indicated in the Recapitalisation Communication [61] and the IAC.
Te stopnje so precej nad pragom 2 %, kot je naveden v sporočilu o dokapitalizaciji [61] in sporočilu IAC.
Finally, it should be concluded that the total State aid amount involved, when adding up the figures for the recapitalisations and asset relief measure in favour of Anglo and INBS, as well as the recapitalisation of the merged entity in a stress case, may be estimated to be at least EUR 41,5 billion [62].
Na koncu je treba skleniti, da se lahko skupni znesek vključene državne pomoči, če se seštejejo zneski dokapitalizacij in ukrepa finančne pomoči za oslabljena sredstva za banki Anglo in INBS ter dokapitalizacija združenega subjekta v izjemnem scenariju, oceni na najmanj 41,5 milijarde EUR [62].
When assessing the compatibility of the joint restructuring plan for Anglo and INBS, it should be first assessed whether Article 107(3)(b) of the Treaty is applicable before assessing whether the joint restructuring plan fulfils the requirements of the Recapitalisation Communication and the Restructuring Communication.
Pri oceni združljivosti skupnega načrta prestrukturiranja za banki Anglo in INBS je treba najprej oceniti, ali se uporablja člen 107(3)(b) Pogodbe, preden se oceni, ali skupni načrt prestrukturiranja izpolnjuje zahteve iz sporočila o dokapitalizaciji in sporočila o prestrukturiranju.
Article 107(3)(b) of the Treaty permits the Commission to declare aid compatible with the internal market if it is intended ‘to remedy a serious disturbance in the economy of a Member State’.
Člen 107(3)(b) Pogodbe omogoča Komisiji, da pomoč razglasi za združljivo z notranjim trgom, če se uporablja „za odpravljanje resne motnje v gospodarstvu države članice“.
In that regard, market conditions have been difficult worldwide since the last quarter of 2008.
S tega vidika so bili tržni pogoji po vsem svetu težavni od zadnjega četrtletja leta 2008.
Ireland, in particular, has been severely hit by the financial crisis.
Zlasti Irsko je finančna kriza močno prizadela.
The economic downturn combined with the fall in property prices and the exposure of the Irish banks to land and property development loans have lead to significant impairments for Irish banks.
Upad gospodarstva v povezavi s padcem cen nepremičnin in izpostavljenostjo irskih bank posojilom za zemljišča in gradnjo nepremičnin je povzročil veliko oslabitev irskih bank.
Irish banks have also been faced with persisting difficulties in obtaining funding and capital from the markets due to the uncertainty associated with the property market in Ireland.
Poleg tega so se irske banke soočale s stalnimi težavami pri pridobivanju financiranja in kapitala s trgov zaradi negotovosti v zvezi z nepremičninskim trgom na Irskem.
As a result, the Irish State (Sovereign) has also come under pressure, in the end leading to the Programme for Support.
Zato je bila pod pritiskom tudi irska država, kar je na koncu vodilo k Programu za podporo.
The Commission has acknowledged that the global financial crisis can create a serious disturbance in the economy of a Member State and that measures supporting banks are apt to remedy that disturbance; that view has been confirmed in the Banking Communication [63], the Recapitalisation Communication, the IAC and the Restructuring Communication.
Komisija priznava, da lahko svetovna finančna kriza povzroči resne motnje v gospodarstvu določene države članice in da je z ukrepi v podporo bankam te motnje mogoče odpraviti; to stališče je Komisija potrdila v sporočilu o bančništvu [63], sporočilu o dokapitalizaciji, sporočilu IAC in sporočilu o prestrukturiranju.
In respect of the Irish economy, it has been confirmed in the Commission’s various decisions approving the measures undertaken by Ireland to combat the financial crisis [64].
V zvezi z irskim gospodarstvom je to stališče Komisija potrdila v različnih odločitvah o odobritvi ukrepov Irske za boj proti finančni krizi [64].
Given the specific circumstances in Ireland, combined with the improved but not yet stabilised situation on the financial markets, the Commission considers that the measures may be examined under Article 107(3)(b) of the Treaty.
Glede na posebne okoliščine na Irskem ter vpričo izboljšanega, vendar še ne stabilnega položaja na finančnih trgih Komisija meni, da se ukrepi lahko preučijo v skladu s členom 107(3)(b) Pogodbe.
Anglo, INBS and the merged entity have benefited and will benefit from several State aid measures whose compatibility has not previously been assessed by the Commission.
Banki Anglo in INBS ter združeni subjekt so imeli in bodo še naprej imeli koristi od več ukrepov državne pomoči, katerih združljivost Komisija predhodno ni ocenila.
They include the State guarantee on the ELA for both Anglo and INBS (measures (p) and (q) referred to in recital 68) and the State guarantees and recapitalisation in the stress case […] (measures (r) to (v) referred to in recital 69).
Ti ukrepi vključujejo državno jamstvo za pomoč ELA za obe banki, Anglo in INBS (ukrepa (p) in (q), navedena v uvodni izjavi 68), ter državna jamstva in dokapitalizacijo v izjemnem scenariju […] (ukrepi (r) do (v), navedeni v uvodni izjavi 69).
Furthermore, Anglo and INBS have received measures that have been found compatible by the Commission as rescue aid (measures (a) to (o) referred to in recitals 66 and 67), but which now will have to be assessed to determine whether they are compatible as restructuring aid.
Poleg tega sta banki Anglo in INBS prejeli ukrepe, za katere je Komisija ugotovila, da so združljivi kot pomoč za reševanje (ukrepi (a) do (o), navedeni v uvodnih izjavah 66 in 67), vendar jih bo treba zdaj oceniti, da se ugotovi, ali so združljivi kot pomoč za prestrukturiranje.
It is necessary to assess the compatibility of those measures and the joint restructuring plan in the context of the Banking Communication, the Recapitalisation Communication and the Restructuring Communication.
Združljivost teh ukrepov in skupnega načrta prestrukturiranja je treba oceniti v okviru sporočila o bančništvu, sporočila o dokapitalizaciji in sporočila o prestrukturiranju.
Although Anglo and INBS have benefited from asset relief measures while transferring assets to NAMA, Anglo’s and INBS’s resolution in itself does not give rise to a State aid in the form of an asset relief measure.
Čeprav sta imeli banki Anglo in INBS korist od ukrepov finančne pomoči za oslabljena sredstva pri prenosu sredstev na agencijo NAMA, reševanje bank Anglo in INBS samo po sebi ne vodi k državni pomoči v obliki ukrepa finančne pomoči za oslabljena sredstva.
All Anglo and INBS assets and liabilities will be merged into one entity exclusively for their work-out in its entirety.
Vsa sredstva in obveznosti bank Anglo in INBS bodo združena v en subjekt samo zato, da se bodo lahko v celoti izračunala.
Accordingly, it is not necessary to assess the merger and resolution of the assets under the IAC.
Potemtakem ni treba oceniti združitve in reševanja sredstev v skladu z IAC.
The application of the Banking and the Recapitalisation Communication to measures (p) to (v) referred to in recitals 68 and 69
Uporaba sporočil o bančništvu in dokapitalizaciji za ukrepe (p) do (v), navedene v uvodnih izjavah 68 in 69
In line with point 15 of the Banking Communication, in order for an aid or aid scheme to be compatible under Article 107(3)(b) of the Treaty it must comply with general criteria for compatibility under Article 107(3) of the Treaty, which imply compliance with the following conditions:
V skladu s točko 15 sporočila o bančništvu mora pomoč ali shema pomoči, da bi bila združljiva s členom 107(3)(b) Pogodbe, izpolnjevati splošna merila o združljivosti v skladu s členom 107(3) Pogodbe, kar pomeni izpolnjevanje naslednjih pogojev:
Appropriateness: The aid has to be well-targeted in order to be able to effectively achieve the objective of remedying a serious disturbance in the economy.
primernost: pomoč mora biti ciljno usmerjena, da se lahko učinkovito doseže cilj odpravljanja resne motnje v gospodarstvu.
This would not be the case if the measure were not appropriate to remedy the disturbance;
To se ne bi zgodilo, če ukrep ne bi bil primeren za odpravo motnje;
Necessity: The aid measure must, in its amount and form, be necessary to achieve the objective.
nujnost: Ukrep pomoči mora biti po višini in obliki nujen za doseganje cilja.
That requirement implies that it must be of the minimum amount necessary to reach the objective, and take the form most appropriate to remedy the disturbance;
To pomeni, da mora biti določen v minimalni višini, ki je nujna za doseganje cilja, in v obliki, ki je najbolj primerna za odpravo motnje;
Proportionality: The positive effects of the measure must be properly balanced against the distortions of competition, in order for the distortions to be limited to the minimum necessary to reach the measure’s objectives.
sorazmernost: Pozitivni učinki ukrepa morajo biti ustrezno uravnoteženi z izkrivljanjem konkurence, da bi se izkrivljanje omejilo na najmanjšo možno mero in da bi se dosegli cilji ukrepa.
Those general criteria apply both to recapitalisations and guarantees.
Ta splošna merila se uporabljajo za dokapitalizacije in tudi za jamstva.
The Recapitalisation Communication further elaborates on the three principles of the Banking Communication and states that recapitalisations can contribute to the restoration of financial stability.
Sporočilo o dokapitalizaciji, ki še dodatno pojasnjuje ta tri načela iz sporočila o bančništvu, navaja, da lahko dokapitalizacije prispevajo k ponovni vzpostavitvi finančne stabilnosti.
In particular the Recapitalisation Communication states in point 6 that recapitalisations may be an appropriate response to the problems of financial institutions facing insolvency.
V tem smislu sporočilo o dokapitalizaciji v točki 6 navaja, da so dokapitalizacije lahko ustrezen odziv na težave finančnih institucij, ki jim grozi plačilna nesposobnost.
Appropriateness of the Measures
Primernost ukrepov
The recapitalisation of the merged entity in the stress case (measure (u) referred to in recital 69) aims at ensuring that it has sufficient capital to comply with its regulatory capital requirements while it works out the Anglo and INBS loan books.
Cilj dokapitalizacije združenega subjekta v izrednem scenariju (ukrep (u), naveden v uvodni izjavi 69) je zagotoviti, da ima združeni subjekt zadosten kapital za izpolnjevanje svojih regulativnih kapitalskih zahtev med izdelavo portfeljev posojil bank Anglo in INBS.
A capital injection is the most efficient and straightforward measure to deal with the potential capital shortfall that could arise in the stress case as it directly improves the total capital ratio of the merged entity.
Kapitalski vložek je najbolj učinkovit in neposreden ukrep za reševanje morebitnega kapitalskega primanjkljaja, ki bi lahko nastal v izrednem scenariju, saj neposredno izboljša celotni kapitalski količnik združenega subjekta.
The State guarantees provided to Anglo and INBS on the ELA they receive (measures (p) and (q) referred to in recital 68) and to the merged entity on its remaining deposits (measure (r) referred to in recital 69), its wholesale funding (measure (v) referred to in recital 69), the State guarantee on the ELA it receives (measure (t) referred to in recital 69) and the off-balance sheet liabilities (measure (s) referred to in recital 69) aim to ensure that the funding the merged entity receives is secure and that the merged entity will not default.
Cilj državnih jamstev, zagotovljenih bankam Anglo in INBS za pomoč ELA, ki jo prejmeta (ukrepa (p) in (q), navedena v uvodni izjavi 68), in združenemu subjektu za preostale vloge (ukrep (r), naveden v uvodni izjavi 69), njegovo financiranje podjetij (ukrep (v), naveden v uvodni izjavi 69), državno jamstvo za pomoč ELA, ki jo prejme (ukrep (t) iz uvodne izjave 69), in zunajbilančne obveznosti (ukrep (s) iz uvodne izjave 69), je zagotoviti, da je financiranje, ki ga prejme združeni subjekt, varno in da bo združeni subjekt izpolnjeval svoje obveznosti.
That funding is needed in order to ensure that Anglo and INBS have sufficient funding to cover their assets, while the funding the merged entity receives will enable it to work out the Anglo and INBS loan books over time.
To financiranje je potrebno, da se bankama Anglo in INBS zagotovi zadostno financiranje za pokritje njunih sredstev, medtem ko bo financiranje, ki ga prejme združeni subjekt, omogočilo, da bo ta v določenem obdobju izdelal portfelje posojil za banki Anglo in INBS.
The recapitalisation of the merged entity in a stress case is appropriate because it effectively meets its objective to ensure that the merged entity is in compliance with its regulatory capital requirements.
Dokapitalizacija združenega subjekta v izjemnem scenariju je primerna, ker učinkovito izpolnjuje svoj cilj, ki je zagotoviti, da združeni subjekt izpolnjuje svoje regulativne kapitalske zahteve.
The measure therefore effectively achieves the objective of preventing the default of the merged entity.
S tem ukrepom se torej učinkovito doseže cilj preprečevanja neizpolnjevanja obveznosti s strani združenega subjekta.
The guarantee measures are appropriate since they ensure that Anglo and INBS pre-merger and the merged entity post-merger have sufficient funding to carry out their tasks, while it prevents a potential default of the merged entity.
Jamstveni ukrepi so primerni, saj zagotavljajo, da imajo banki Anglo in INBS pred združitvijo ter združeni subjekt po združitvi na voljo zadostno financiranje za opravljanje svojih nalog, hkrati pa preprečujejo morebitno neizpolnjevanje obveznosti s strani združenega subjekta.
Furthermore, the different State aid measures ensure that financial stability in Ireland is maintained.
Poleg tega različni ukrepi državne pomoči zagotavljajo ohranjanje finančne stabilnosti na Irskem.
Necessity — limitation of the aid to the minimum
Nujnost – omejitev pomoči na najmanjšo potrebno
According to the Banking Communication, the aid measure must, in its amount and form, be necessary to achieve the aid’s objective.
V skladu s sporočilom o bančništvu mora biti ukrep pomoči po višini in obliki nujen za doseganje cilja pomoči.
That requirement implies that the capital injection and the guarantees must be of the minimum amount necessary to reach the objective.
Ta zahteva pomeni, da mora biti znesek kapitalskega vložka in jamstev najmanjši znesek, ki je še potreben za doseganje cilja.
As for the State guarantees, they will ensure that there will be funding available for the merged entity so as to meet its obligations as a going concern.
Kar pa zadeva državna jamstva, bodo ta zagotovila, da bo združeni subjekt imel na voljo financiranje, da bo lahko izpolnjeval svoje obveznosti kot delujoče podjetje.
As regards the remuneration that the merged entity has to pay for the recapitalisation, the State will receive no fixed remuneration on the recapitalisation.
Kar zadeva nadomestilo, ki ga mora združeni subjekt plačati za dokapitalizacijo, država ne bo prejela nobenega fiksnega nadomestila za dokapitalizacijo.
Anglo, INBS and the merged entity also do not pay a fee for the guarantee on the ELA, while the merged entity does not pay a fee on the guarantee on the off-balance sheet liabilities.
Banki Anglo in INBS ter združeni subjekt tudi ne plačujejo pristojbine za jamstvo za pomoč ELA, prav tako pa združeni subjekt ne plačuje pristojbine za jamstvo za zunajbilančne obveznosti.
The merged entity will also cease to pay a fee for the guarantee on wholesale funding and deposits once the ELG scheme has expired.
Združeni subjekt bo po izteku sheme ELG prenehal plačevati tudi pristojbino za jamstvo za financiranje podjetij in vloge.
As regards the recapitalisation, points 15 and 44 of the Recapitalisation Communication explain that in duly justified cases lower remuneration can be accepted in the short-term for distressed banks on the condition that the lack of remuneration will be reflected in the restructuring plan.
Kar zadeva dokapitalizacijo, točki 15 in 44 sporočila o dokapitalizaciji pojasnjujeta, da je v ustrezno utemeljenih primerih morda treba kratkoročno sprejeti nižje nadomestilo za banke v težavah pod pogojem, da se bo razlika nadomestila odražala v načrtu prestrukturiranja.
The merged entity essentially is a resolution vehicle which will facilitate the orderly resolution of Anglo and INBS.
Združeni subjekt je v bistvu sredstvo reševanja, ki bo olajšalo nadzorovano reševanje bank Anglo in INBS.
It will not carry out any economic activities besides those necessary to work out the loan book.
Združeni subjekt ne bo opravljal nobenih drugih gospodarskih dejavnosti, razen tistih, ki so potrebne za izdelavo portfelja posojil.
Ireland has provided the necessary commitments in that regard (see Section 2.3.2).
Irska je v tem smislu prevzela potrebne zaveze (glej oddelek 2.3.2).
Anglo and INBS will both disappear from the Irish lending and deposit markets.
Obe banki, Anglo in INBS, se bosta umaknili z irskega posojilnega in depozitnega trga.
It may be concluded that restructuring in that form compensates for the lack of remuneration.
Skleniti je mogoče, da bo prestrukturiranje v taki obliki odtehtalo pomanjkanje nadomestila.
Finally, Anglo and INBS have been fully nationalised and their respective shareholders have lost their rights and interests in both institutions.
Nenazadnje sta bili banki Anglo in INBS v celoti nacionalizirani, njuni delničarji pa so izgubili svoje pravice in deleže v obeh institucijah.
As a consequence, any potential proceeds realised on termination of the resolution of the merged entity will accrue to the State in full.
Zato bodo vsi morebitni prihodki, realizirani po končanem reševanju združenega subjekta, v celoti pripisani državi.
The Banking Communication assumes in point 26 that, for guarantee schemes, an adequate fee should be paid.
Sporočilo o bančništvu v točki 26 predvideva, da je za jamstvene sheme treba plačati ustrezno pristojbino.
The fee should be set as close as possible to what could be considered the market price, however taking into account the potential difficulties for beneficiaries to bear the amounts that might properly be charged.
Pristojbina se določi čim bliže vrednosti, za katero se šteje, da je tržna cena, vendar ob upoštevanju morebitnih težav upravičencev pri plačevanju zneskov, ki bi se praviloma lahko zaračunali.
As elaborated in recital 135, it should be noted that the merged entity will be charged with the resolution of Anglo and INBS.
Kot je natančneje opredeljeno v uvodni izjavi 135, je treba upoštevati, da bo združeni subjekt nosil stroške reševanja bank Anglo in INBS.
In view of those circumstances, it should be concluded that the fact that the merged entity does not pay a fee for the guarantee is justified.
Ob upoštevanju teh okoliščin je treba skleniti, da je neplačevanje pristojbine za jamstvo s strani združenega subjekta upravičeno.
It should be concluded that the recapitalisation of the merged entity in a stress case and the State guarantees to Anglo, INBS and the merged entity are necessary in order to ensure the latter’s capital adequacy and to ensure that sufficient funding is available, while also reducing the potential risk of default of the merged entity.
Treba je skleniti, da so dokapitalizacija združenega subjekta v izrednem scenariju in državna jamstva, dodeljena bankama Anglo in INBS ter združenemu subjektu, nujna, da se zagotovi kapitalska ustreznost slednjega in da je na voljo zadostno financiranje ter da se zmanjša morebitno tveganje neizpolnjevanja obveznosti s strani združenega subjekta.
As regards the remuneration of the aid measures in order to keep the aid to the minimum, it is justified that no remuneration is paid given the resolution of Anglo and INBS by the merged entity.
Kar zadeva nadomestilo za ukrepe pomoči, da se pomoč ohrani na najmanjši možni ravni, je združeni subjekt z vidika reševanja bank Anglo in INBS upravičen do tega, da ne plačuje nadomestila.
Proportionality — measures limiting negative spill-over effects
Sorazmernost – ukrepi, ki omejujejo negativne učinke prelivanja