natgillin/translations-raw huggingface dataset:
If ING has not satisfied a divestment commitment or any 2015 NN Bank-related commitments the DutchStatewill re-notify the recapitalisation measure to the Commission.
Če ING ne izpolni zaveze k odsvojitvi ali katerih koli drugih zavez v zvezi z banko NN Bank, ki jih je treba izpolniti leta 2015, bo Nizozemska ukrep dokapitalizacije ponovno priglasila Komisiji.
Full and proper implementation of all the commitments and obligations set out in this Annex will be continuously and thoroughly monitored by a suitably qualified monitoring trustee who is independent of ING until 31 December 2015.
Celostno in pravilno izvajanje vseh zavez in obveznosti iz Priloge I bo do 31. decembra 2015 stalno in natančno spremljal ustrezno kvalificirani nadzorni fiduciar, ki je neodvisen od ING.
The company currently entrusted with that task will continue with monitoring the commitment regarding the Van Gogh scenario and all other commitments in this annex, except for the monitoring of the price leadership ban.
Družba, ki mora izvesti to nalogo, bo še naprej spremljala upoštevanje zaveze v zvezi s scenarijem Van Gogh in vseh drugih zavez v Prilogi I, ne bo pa spremljala prepovedi narekovanja cen.
Both Trustees will be reviewed with the Commission after six months and from then onwards on a continuous basis.
Komisija bo po šestih mesecih pregledala delo obeh fiduciarjev, nato pa bo te preglede izvajala redno.
The arrangements for the appointment of the PLB Monitoring Trustee and its duties are set out in a separate agreement.
Ureditve za imenovanje nadzornega fiduciarja PNC in njegove dolžnosti so navedene v ločenem sporazumu.
The Netherlands commits 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/IM 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/IM.
ING will realise at least EUR […] billion of the total balance sheet reduction (i.e. of 45 %) in the form of divestments (in line with ING’s 2009 restructuring plan).
ING bo realizirala najmanj […] milijard EUR skupnega zmanjšanja bilance (v višini 45 %) v obliki odsvojitev (v skladu z načrtom prestrukturiranja ING iz leta 2009).
The run-down of the US variable annuities and Financial Products can be taken into account as a divestment, provided that the implementation of the run-down is in line with the conditions listed in Annex II.
Likvidacija rentnih zavarovanj s spremenljivim donosom in finančnih produktov Združenih držav se lahko upošteva kot odsvojitev, če se likvidacija izvede v skladu s pogoji iz Priloge II.
That is to say excluding mortgages, as these are not considered direct real estate exposure.
To izključuje hipotekarna posojila, saj se ne štejejo za neposredno izpostavljenost na trgu nepremičnin.
I.e. 50 % is measured in terms of shares of 50 % plus 1 and a loss of the majority in the board and the accounting deconsolidation of the entity.
Teh 50 % se izmeri z delnicami v višini 50 % plus 1 in izgubo večine v odboru ter računovodsko dekonsolidacijo subjekta.
Progress report on ING's restructuring plan final version 19 June 2012
Poročilo o napredku končne različice načrta prestrukturiranja ING z dne 19. junija 2012.
US run offs (i.e. Variable Annuities and Financial Products business) qualify as pro forma divestments.
Zmanjšanja portfeljev v Združenih državah (tj. poslovanj z rentnimi zavarovanji s spremenljivim donosom in finančnimi produkti) se štejejo za predhodne odsvojitve.
Those run offs measured by allocated equity capital measurement (FY ’11 data) together with a divestment of at least 25 % of the interest in ING Insurance/IM US result in a divestment of more than 50 % (pro forma) before 31 December 2014.
Rezultat teh zmanjšanj, izmerjenih z merjenjem ustreznosti dodeljenega lastniškega kapitala (na podlagi podatkov iz proračunskega leta 2011) skupaj z odsvojitvijo najmanj 25 % deleža v ING Insurance/IM US bo več kot 50-odstotna (predhodna) odsvojitev do 31. decembra 2014.
For Insurance/IM US, the 50 %+ divestment criterion will be reached as soon as ING has divested at least 25 % of that business and taking into account a pro-forma divestment of the US run-off businesses (by allocated equity capital FY’11 data)
Za Insurance/IM US se bo merilo odsvojitve v višini +50 % doseglo takoj, ko bo ING odsvojila najmanj 25 % tega podjetja, pri čemer se bo upoštevala predhodna odsvojitev likvidiranih poslovanj v Združenih državah (s podatki iz proračunskega leta 2011 o dodeljenem lastniškem kapitalu).
The latter does not apply to ING Direct Austria, which can always compare to ten other (largest) players.
Slednje ne velja za ING Direct Austria, ki se vedno lahko primerja z desetimi drugimi (največjimi) akterji.
For the Insurance/IM US, the 50 %+ divestment criterion will be reached as soon as ING has divested 25 % of that business and taking into account a pro-forma divestment of the run off businesses (by allocated equity capital (FY ’11 data))
Za Insurance US se bo merilo odsvojitve v višini +50 % doseglo takoj, ko bo ING odsvojila 25 % tega podjetja, pri čemer se bo upoštevala predhodna odsvojitev likvidiranih podjetij (z dodeljenim lastniškim kapitalom (podatki iz proračunskega leta 2011)).
The projections with regard to mortgages are based on a yearly production of EUR [1.5-7] (base case).
Napovedi glede hipotekarnih posojil temeljijo na letnem prometu v višini [1,5–7] EUR (osnovni scenarij).
The projections with regard to consumer finance are based on the production targets as included below.
Napovedi glede potrošniškega financiranja temeljijo na ciljih v zvezi s prometom, kot je navedeno spodaj.
Actuals may deviate due to customer prepayment behavior, however production will be in line with the committed targets as included below.
Dejanske vrednosti lahko odstopajo zaradi ravnanja strank v zvezi s predčasnimi odplačili, vendar bo izdaja hipotek v skladu z zastavljenimi cilji, kot je navedeno spodaj.
Total deposits and wholesale funding will be within the below committed ranges per year.
Skupne vloge in financiranje podjetij bodo manjši od zastavljenih letnih obsegov.
Currently NN Bank offers only Bank-annuities and credits (mortgages).
Banka NN Bank trenutno nudi le bančne rente in kredite (hipotekarna posojila).
Any extension of activities or products needs prior approval by DNB.
Vsako razširitev dejavnosti ali produktov mora odobriti DNB.
In the transitional period up to the launch of van Gogh, the Van Gogh mortgage production commitment will be carried out by the current Westland Utrecht Bank.
V prehodnem obdobju do začetka scenarija Van Gogh bo zaveze glede izdaje hipotekarnih posojil v okviru tega scenarija izpolnila sedanja banka Westland Utrecht Bank.
During that period, Westland Utrecht Bank will report on those commitments to the Monitoring Trustee.
V navedenem obdobju bo banka Westland Utrecht Bank o navedenih zavezah poročala nadzornemu fiduciarju.
The new production of mortgages (including renewals) and customer deposits produced in that transition period will be transferred to the new NN-bank at or before its launch.
Nove izdaje hipotekarnih posojil (vključno z obnovami) in vloge strank, izdane v navedenem prehodnem obdobju, se bodo prenesle na novo banko NN Bank ob začetku njenega delovanja ali pred njim.
Including ING Bank’s subsidiaries
Vključno s hčerinskimi družbami ING Bank.
Probability of default (PD) and Loss given default (LGD).
Verjetnost neplačila in izguba ob neplačilu.
In the transitional period up to the launch of Van Gogh, Westland Utrecht Bank/NN Bank will start building consumer finance production capabilities as soon as possible.
V prehodnem obdobju do začetka scenarija Van Gogh, bo banka Westland Utrecht Bank/NN Bank čim prej začela razvijati zmogljivosti izdajanja potrošniškega financiranja.
See point 26 of the Commission Communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under State aid rules (Restructuring Communication).
Glej točko 26 Sporočila Komisije o ponovni vzpostavitvi uspešnega poslovanja in oceni ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči (sporočilo o prestrukturiranju).
THE PRINCIPLES APPLIED TO INTERNAL WIND DOWN UNITS IN THE INSURANCE SECTOR
NAČELA, KI SE UPORABLJAJO ZA ENOTE Z NOTRANJIM PRENEHANJEM V ZAVAROVALNIŠKEM SEKTORJU
Applicable while ING Group has full control of a business.
Veljavno, dokler ima ING Group popolni nadzor nad podjetjem.
Competition concerns
Pomisleki glede konkurence
no new production, no underwriting of new policies with existing or new clients (absent contractual commitments or ALM purposes).
ni novega prometa, ni zavarovanja novih politik z obstoječimi ali novimi strankami (odsotnost pogodbenih zavez ali namenov upravljanja sredstev in obveznosti);
exploring possibilities to terminate in force policies with the consent of clients
proučevanje možnosti za prekinitev veljavnih politik s privolitvijo strank;
no improvement of commercial conditions on in force policy
ni izboljšanja poslovnih pogojev glede veljavne politike;
where commercial conditions can be adjusted by the insurer the commercial conditions need to be set at the least advantageous possible level
kadar lahko ponudnik zavarovanja prilagodi poslovne pogoje, je treba poslovne pogoje določiti na ravni s čim manj ugodnostmi.
Viability concerns
Pomisleki v zvezi s sposobnostjo preživetja
periodically explore possibility of a sale as a whole or in parts of remaining assets and liabilities (yearly market sounding calls to be reported to Trustee; full documented market sounding every two years)
redno proučevanje možnosti za prodajo preostalih sredstev in obveznosti v celoti ali po delih (letne analize trga, ki se poročajo fiduciarju; popolna dokumentirana analiza trga vsake dve leti);
ring fence the possible impact on the viable business through separation of accounts and clear cost allocation between good bank and run down business
izvajanje omejitvenih ukrepov za morebitni učinek na za preživetje sposobno podjetje z ločevanjem računov in jasno razdelitvijo stroškov med dobro banko in zmanjšanim poslovanjem;
estimate future capital needs of the run down business in a conservative manner and allocate the necessary capital, in the form of provisions or other
previdnost pri oceni prihodnjih kapitalskih potreb zmanjšanega poslovanja in razdelitev potrebnega kapitala v obliki določb ali drugi obliki;
conservative management of assets relative to liabilities (reinvestment guidelines to be documented).
previdno upravljanje sredstev sorazmerno z obveznostmi (dokumentiranje smernic za ponovno vlaganje);
conservative hedging policy with a target hedge efficiency in the range of 80-120 % of the overall hedge objective, subject to materiality
previdna politika zavarovanj pred tveganji s ciljno učinkovitostjo varovanja v razponu med 80–120 % splošnega cilja varovanja, ki je predmet pomembnosti;
possibilities of partial or full reinsurance to be examined periodically (to be documented)
redno proučevanje možnosti delnega ali celotnega pozavarovanja (se dokumentirajo);
above to be consistent with applicable local regulatory requirements and objectives
skladnost navedenega z veljavnimi lokalnimi zakonskimi zahtevami in cilji.
On 21 November 2011, the Netherlandsre-notified in case SA.33305 the recapitalisation measure to the Commission.
Nizozemska je 21. novembra 2011 v zadevi SA.33305 Komisiji ponovno priglasila ukrep dokapitalizacije.
That notification was triggered by ING not paying a coupon to the Netherlandsfor two consecutive years (in 2010 for 2009 and in 2011 for 2010).
Ta priglasitev je bila posledica dejstva, da družba ING Nizozemski ni plačala kupona dve zaporedni leti (leta 2010 za leto 2009 in leta 2011 za leto 2010).
Because the General Court annulled those provisions, the Commission had to re-assess the restructuring aid, placing itself in the situation which existed on 18 November 2009.
Ker je Splošno sodišče razglasilo ničnost navedenih določb, je morala Komisija ponovno oceniti pomoč za prestrukturiranje, pri čemer se je znašla v položaju z dne 18. novembra 2009.
Therefore, on 11 May 2012, the Commission adopted a new decision (“the 2012 Restructuring Decision”) [9], finding that the amendment [10] of the repayment conditions of the CT1 securities constitutes State aid and finding that measure and all other restructuring aid measures granted in the context of the restructuring plan in favour of ING compatible with the internal market.
Tako je 11. maja 2012 sprejela nov sklep (v nadaljnjem besedilu: sklep o prestrukturiranju iz leta 2012) [9], pri čemer je ugotovila, da sprememba [10] pogojev odplačila vrednostnih papirjev CT1 pomeni državno pomoč in da so ukrep ter vsi ostali ukrepi pomoči za prestrukturiranje, dodeljeni v okviru načrta prestrukturiranja v korist ING, združljivi z notranjim trgom.
The Opening Decision was published in the Official Journal of the European Union on 30 August 2012.
Sklep o začetku postopka je bil 30. avgusta 2012 objavljen v Uradnem listu Evropske unije.
The Commission called on interested parties to submit their comments.
Komisija je zainteresirane strani pozvala k predložitvi pripomb.
Further meetings between the Commission, ING and the Netherlandstook place, in particular on 25 July, 24 August, 6, 17, 18 and 26 September and 1 October 2012.
Komisija, ING in Nizozemska so se sestale še večkrat, zlasti 25. julija, 24. avgusta, 6., 17., 18. in 26. septembra ter 1. oktobra 2012.
In parallel with those discussions, the Netherlandsprovided information on the process of divesting ING Insurance, on the business model of NN Bank and on the pricing policy of ING Direct Europe, in particular on 23 August and 14, 24 and 25 September 2012.
Vzporedno s temi razpravami je Nizozemska predložila informacije o postopku odsvojitve ING Insurance, o poslovnem modelu banke NN Bank in o politiki določanja cen ING Direct Europe, zlasti 23. avgusta ter 14., 24. in 25. septembra 2012.
On 23 August 2012, the Netherlands submitted a study by RBB Economics which described possible ways to avoid negative effects on competition of the price leadership ban for ING Direct Europe, to which the latter was subject because of a commitment given by the Netherlandswhich was recorded in the Annex to the 2012 Restructuring Decision.
Nizozemska je 23. avgusta 2012 predložila študijo družbe RBB Economics, ki opisuje načine, s katerimi se je mogoče izogniti negativnim učinkom, ki jih ima na konkurenco prepoved narekovanja cen za ING Direct Europe, ki ji je bila ta prepoved odrejena zaradi zaveze Nizozemske, kar je bilo zabeleženo v Prilogi k sklepu o prestrukturiranju iz leta 2012.
By electronic mail of 5 September 2012 the Commission posed several questions about that study and sought quantitative data which would substantiate the claims of RBB Economics.
Komisija je prek elektronske pošte z dne 5. septembra 2012 poslala več vprašanj o tej študiji in iskala kvantitativne podatke, ki bi utemeljili trditve družbe RBB Economics.
The new catalogue of commitments would amend certain elements of the restructuring plan of 22 October 2009 and replace the commitments recorded in the Annex to the 2012 Restructuring Decision [15].
Nov katalog zavez bi spremenil nekatere elemente načrta prestrukturiranja z dne 22. oktobra 2009 in nadomestil zaveze, zabeležene v Prilogi k sklepu o prestrukturiranju iz leta 2012 [15].
Those commitments would take effect as from the date of the Commission’s decision to amend the 2012 Restructuring Decision.
Navedene zaveze bi začele veljati od datuma sklepa Komisije o spremembi sklepa o prestrukturiranju iz leta 2012.
The catalogue of commitments is accompanied by two separate documents.
Katalog zavez spremljata dva ločena dokumenta.
One specifies the details of the price leadership ban for ING Direct Europe which would not be part of the amending decision but would be the basis for the Commission to monitor the amended 2012 Restructuring Decision.
En dokument podrobno opredeljuje prepoved narekovanja cen za ING Direct Europe, ki ne bi bila del sklepa, ki spreminja, temveč podlaga, s katero bi Komisija spremljala spremenjen sklep o prestrukturiranju iz leta 2012.
The other one includes principles to be applied to the internal wind-down of the US Variable Annuities (VA) and the US Financial Products businesses of ING and is considered as a separate Annex.
Drugi vključuje načela, ki jih je treba uporabiti za notranje prenehanje rentnih zavarovanj s spremenljivim donosom v ZDA in dejavnosti finančnih produktov ING v ZDA, ter se šteje za ločeno Prilogo.
Table 1 summarises ING's key financial figures for the period 2007-2011.
Preglednica 1 povzema ključne finančne podatke ING za obdobje 2007–2011.
In spite of the fact that ING was profitable in 2010 and 2011, it did not pay out dividends to its shareholders.
Kljub temu da je bila ING leta 2010 in 2011 dobičkonosna, svojim delničarjem ni izplačala dividend.
ING is currently implementing the restructuring plan of 22 October 2009 based on the commitments listed in the Annex to the 2012 Restructuring Decision.
ING trenutno izvaja načrt prestrukturiranja z dne 22. oktobra 2009 na podlagi zavez iz Priloge k sklepu o prestrukturiranju iz leta 2012.
A monitoring trustee monitors the implementation by ING of, amongst others, the WUB commitment and of commitments for ING and ING Direct Europe to respect price leadership bans.
Nadzorni fiduciar spremlja ING pri izvajanju, med drugim zaveze banke WUB in zavez za ING in ING Direct Europe glede spoštovanja prepovedi narekovanja cen.
The monitoring trustee reported on that market sounding in its reports of September 2010, November 2010 and January 2011 [18].
Nadzorni fiduciar je poročal o preiskavi trga v svojih poročilih iz septembra 2010, novembra 2010 in januarja 2011 [18].
Therefore, the Netherlandsredesigned the WUB commitment and notified the amendment to the Commission.
Nizozemska je zato preoblikovala zavezo banke WUB in spremembo priglasila Komisiji.
There was therefore no reason to assume that ING would pay dividends in the period between 2008 and 2013.
Zato torej ni bilo razloga za domnevo, da bo ING plačala dividende v obdobju med letom 2008 in 2013.
In response to the Opening Decision, ING submits that its dividend policy was not opportunistic.
V odziv na sklep o začetku postopka ING navaja, da njena politika dividend ni bila oportunistična.
As a result, NN Bank will be divested as part of ING Insurance Europe no later than 31 December 2015.
Zato bo banka NN Bank odsvojena kot del ING Insurance Europe najpozneje do 31. decembra 2015.
That divestment will probably take place through an IPO.
Odsvojitev bo verjetno izvedena z začetno javno ponudbo.
In mortgages, NN Bank will have an average annual new production (including renewals from the ING Bank-owned (NN branded) portfolio) of at least EUR [1,5-6] billion annually and [2-9] % of the total mortgage production on the Dutch market with a maximum of EUR [2-8] billion annually over the years 2013 [29] to 2015.
Na področju hipotekarnih posojil bo banka NN Bank letno povprečno na novo izdala (vključno z obnovami portfelja v lasti banke ING Bank (znamke NN)) najmanj [1,5–6] milijarde EUR in [2–9] % vseh izdanih hipotekarnih posojil na nizozemskem trgu v višini največ [2–8] milijard EUR letno v obdobju od leta 2013 [29] do 2015.
If those criteria are not met, ING commits to do the following:
Če ta merila ne bodo izpolnjena, se ING zavezuje k naslednjim ukrepom:
In consumer lending, NN Bank will have an annual new production of at least EUR [10-100] million and at least [0,5-4] % of the total consumer lending production on the Dutch market by 31 December 2013 [32].
Na področju potrošniškega kreditiranja bo imela banka NN Bank do 31. decembra 2013 nov letni promet v višini najmanj [10–100] milijonov EUR in najmanj [0,5–4] % skupnega prometa na področju potrošniškega kreditiranja na nizozemskem trgu [32].
NN Bank will have an annual new production of at least EUR [40-140] million annually and at least [0,5-6] % of the total consumer lending production on the Dutch market to be measured as of 31 December 2015 with a maximum of EUR [100-200] million. If those criteria are not met, ING commits to:
Banka NN Bank bo imela nov letni promet v višini najmanj [40–140] milijonov EUR letno in najmanj [0,5–6] % skupnega prometa na področju potrošniškega kreditiranja na nizozemskem trgu, kar se bo merilo od 31. decembra 2015, z največ [100–200] milijoni EUR. Če ta merila ne bodo izpolnjena, se ING zavezuje k naslednjim ukrepom:
The restriction described in Recital (85) applies from 1 January 2013 until 31 December 2015.
Omejitev iz uvodne izjave (85) velja od 1. januarja 2013 do 31. decembra 2015.
In the transitional period up to the launch of NN Bank, ING commits to a maximum new production (excluding renewals) of [2-4] times EUR [1,5-6] billion (EUR [3-24] billion) on a yearly basis.
ING se zavezuje, da bo v prehodnem obdobju do začetka delovanja banke NN Bank vsako leto na novo izdala hipotekarna posojila v največji vrednosti [2–4]-krat [1,5–6] milijard EUR ([3–24] milijard EUR) (brez obnovitev).
ING continues to reduce its balance sheet by approximately 45 % compared to the third quarter figures of 2008 via divestments [38] or other measures aimed at reducing the size of the balance sheet (such as run-down of portfolios) [39] until 31 December 2015.
ING bo svojo bilanco še naprej zmanjševala za približno 45 % v primerjavi s podatki tretjega četrtletja leta 2008, in sicer prek odsvojitev [38] ali drugih ukrepov za zmanjšanje bilance (npr. zmanjšanje portfelja zavarovanj) [39] do 31. decembra 2015.
The committed balance sheet reduction is based on Q3 2008 data and does not take into account the possible impact of organic growth, foreign exchange rate changes, interest rate changes or additional increases due to potential new regulatory requirements, such as for example if banks are required to hold significantly larger liquidity buffers due to new Union-wide regulations.
Zaveza za zmanjšanje bilance temelji na podatkih tretjega četrtletja leta 2008 in ne upošteva morebitnega učinka notranje rasti, sprememb tujih menjalnih tečajev, sprememb obrestnih mer ali dodatnih povečanj zaradi morebitnih novih zakonskih zahtev, na primer če bi morale banke v skladu z novimi predpisi na ravni Unije vzdrževati občutno večje likvidnostne rezerve.
was 4,25 % on 30 August 2011.
znašala 4,25 %.
This Decision concerns the assessment of doubts with respect to the re-notification of the recapitalisation measure and the amendment of the restructuring plan of 22 October 2009 and of commitments approved in the 2012 Restructuring Decision.
Ta sklep zadeva oceno pomislekov glede ponovne priglasitve ukrepa dokapitalizacije in spremembo načrta prestrukturiranja z dne 22. oktobra 2009 ter zavez, odobrenih v sklepu o prestrukturiranju iz leta 2012.
In order to address those doubts the Netherlandshas updated its previously submitted restructuring plan and commitments [53] (hereafter also referred to as "the amendment"), which is the basis for the present assessment.
Nizozemska je te pomisleke obravnavala tako, da je posodobila svoj prejšnji predloženi načrt prestrukturiranja in zaveze [53] (v nadaljnjem besedilu tudi: sprememba), kar je podlaga za to oceno.
It will only examine whether the modifications to the restructuring plan call into question the conclusion as to the viability of ING reached in the 2012 Restructuring Decision.
Proučila bo samo, ali spremembe načrta prestrukturiranja vzbudijo pomisleke glede sklepne ugotovitve o sposobnosti preživetja ING iz sklepa o prestrukturiranju iz leta 2012.
The notified amendments affect the viability of ING in two ways: through the reduction of complexity of the business model and the elimination of double leverage and through the sustainability of the pricing strategy of ING Direct.
Priglašene spremembe vplivajo na sposobnost preživetja ING na dva načina, tj. z manj zapletenim poslovnim modelom in odpravo dvojnega finančnega vzvoda ter s trajnostjo cenovne strategije ING Direct.