natgillin/translations-raw huggingface dataset:
Submission by Portugal dated 17 February 2012, Annex II.
Dokument z dne 17. februarja 2012, ki ga je predložila Portugalska, Priloga II.
Including 45 actions against BPN ex management, 25 civil proceedings and 20 criminal proceedings.
Vključno s 45 tožbami proti nekdanji upravi BPN, 25 pravdnimi postopki in 20 kazenskimi postopki.
See Notice of Banco de Portugal of 10 May No 3/2011, Official Gazette No 95, Series II.
Glej Obvestilo banke Banco de Portugal z dne 10. maja, št. 3/2011, Uradni list Portugalske št. 95, serija II.
Value of debts to credit institutions taken over by BIC before the capital injection by the State.
Vrednost dolgov do kreditnih institucij, ki jih je prevzela BIC, pred kapitalsko injekcijo države.
Value of cash and loans to credit institution taken over by BIC before the capital injection by the State.
Vrednost gotovine in posojil do kreditnih institucij, ki jih je prevzela BIC, pred kapitalsko injekcijo države.
See, amongst others, Commission Decisions in Case N 61/2009, Rescue and Restructuring of Caja Castilla la Mancha, OJ C 289, 26.10.2010, p. 1.
Glej tudi sklepe Komisije v zadevi N 61/2009, Reševanje in prestrukturiranje banke Caja Castilla la Mancha, UL C 289, 26.10.2010, str. 1.
See, amongst others, Commission Decisions in Case N 61/2009, Rescue and Restructuring of Caja Castilla la Mancha, OJ C 289, 26.10.2010, p. 1 and in Case NN 19/2009, Restructuring aid to Dunfermline Building Society, OJ C 101, 20.4.2007, p. 7.
Glej tudi sklepe Komisije v zadevi N 61/2009, Reševanje in prestrukturiranje banke Caja Castilla la Mancha, UL C 289, 26.10.2010, str. 1, in v zadevi NN 19/2009, Pomoč za prestrukturiranje za Dunfermline Building Society, UL C 101, 20.4.2007, str. 7.
By electronic mail of 15 November 2010 the Portuguese authorities sought an extension of the deadline for reply, which was granted by the Commission by letter of 18 November 2010.
Portugalski organi so z elektronsko pošto z dne 15. novembra 2010 zahtevali podaljšanje roka za odgovor, ki ga je Komisija odobrila z dopisom z dne 18. novembra 2010.
The Portuguese authorities provided additional clarifications by letter of 26 November 2010 and by electronic mail of 25 January 2011.
Portugalski organi so dodatna pojasnila predložili z dopisom z dne 26. novembra 2010 in elektronsko pošto z dne 25. januarja 2011.
In the context of meetings preceding the signature on 17 May 2011 of the Memorandum of Understanding (the ‘MoU’) [3] between Portugal on the one hand and the International Monetary Fund, the European Central Bank and the European Commission on the other hand, the Commission had a meeting with the management of BPN on 27 April 2011.
Komisija se je v okviru srečanj, ki so potekala, preden je bil 17. maja 2011 podpisan memorandum o soglasju med Portugalsko na eni strani ter Mednarodnim denarnim skladom, Evropsko centralno banko in Evropsko komisijo na drugi strani (v nadaljnjem besedilu: memorandum o soglasju) [3], 27. aprila 2011 sestala z upravo BPN.
The MoU envisaged the sale of BPN by the end of July 2011.
V memorandumu o soglasju je bila predvidena prodaja BPN do konca julija 2011.
The Commission therefore sent on 20 May 2011 requests for information on the restructuring of the bank and on the planned sale process.
Zato je Komisija 20. maja 2011 poslala zahteve po informacijah o prestrukturiranju banke in načrtovanem postopku prodaje.
The Commission met with the Portuguese authorities on 10 August 2011.
Komisija se je 10. avgusta 2011 sestala s portugalskimi organi.
The Portuguese authorities provided additional information to the Commission during the meeting and subsequently on 28 August 2011.
Ti so Komisiji na tem srečanju in nato tudi 28. avgusta 2011 predložili dodatne informacije.
The Commission received further information on 14 September and 14 October 2011.
Komisija je še dodatne informacije prejela 14. septembra in 14. oktobra 2011.
The Decision of 24 October 2011 was published on 20 December 2011.
Sklep z dne 24. oktobra 2011 je bil objavljen 20. decembra 2011.
No third-party comments were received within the one-month deadline.
V enomesečnem roku Komisija ni prejela pripomb tretjih oseb.
On 20 January 2012, Portugal submitted its reply to the observations raised in the Decision of 24 October 2011.
Portugalska je 20. januarja 2012 odgovorila na ugotovitve iz sklepa z dne 24. oktobra 2011.
On the same date, the Portuguese authorities also provided additional information, including a new restructuring plan for BPN (hereinafter the ‘January 2012 Restructuring Plan’) and a reply to additional questions which had been posed by the Commission on 21 December 2011 regarding the Framework Agreement.
Portugalski organi so istega dne predložili tudi dodatne informacije, vključno z novim načrtom prestrukturiranja BPN (v nadaljnjem besedilu: načrt prestrukturiranja iz januarja 2012) in odgovori na dodatna vprašanja, ki jih je v zvezi z okvirnim sporazumom Komisija predložila 21. decembra 2011.
That information was supplemented on 3 February 2012 with a business and viability plan which had been prepared by BIC and which hereinafter for the purposes of this Decision is considered an integral part of the January 2012 Restructuring Plan.
Navedene informacije so bile 3. februarja 2012 dopolnjene s poslovnim načrtom in načrtom za doseganje rentabilnosti, ki ju je pripravil BIC in ki se v tem sklepu štejeta kot sestavni del načrta prestrukturiranja iz januarja 2012.
Further information was provided on 10, 17 and 23 February 2012, in reply to additional questions that the Commission had addressed to the Portuguese authorities on 8, 14 and 17 February 2012.
Portugalski organi so 10., 17. in 23. februarja 2012 kot odgovor na dodatna vprašanja, ki jih je Komisija nanje naslovila 8., 14. in 17. februarja 2012, predložili dodatne informacije.
On 16 March 2012, Portugal provided a series of commitments to the Commission.
Portugalska je 16. marca 2012 Komisiji predložila več zavez.
By letter of 17 February 2010, the Portuguese authorities also mentioned that CGD had been authorised on 27 October 2009 to subscribe a further EUR 1 billion of commercial papers with a state guarantee. Subsequently, by electronic mail of 14 June 2010, the Commission was further informed that the total of the state guarantees on commercial papers issued by BPN and subscribed by CGD had risen to EUR 4 billion, as in April 2010 a third issue of BPN commercial paper had been organised and was subscribed by CGD for an amount of EUR 1 billion.
Poleg tega so portugalski organi v dopisu z dne 17. februarja 2010 navedli, da je bil 27. oktobra 2009 CGD odobren vpis dodatnih komercialnih zapisov z državnim poroštvom v znesku 1 milijarde EUR. Komisija je bila nato z elektronsko pošto z dne 14. junija 2010 obveščena, da se je skupni znesek državnega poroštva za komercialne zapise, ki jih je izdala BPN in vpisala CGD, povečal na 4 milijarde EUR, ker je bila aprila 2010 organizirana tretja izdaja komercialnih zapisov BPN, pri čemer jo je CGD vpisala v znesku 1 milijarde EUR.
The Portuguese authorities estimated that the overall impairments as of December 2010 totalled EUR 1798 million broken down as follows: i) loans: EUR 1474 million; ii) real estate: EUR 16 million; iii) fund units: EUR 247 million; and iv) securities: EUR 61 million. According to the information provided by the Portuguese authorities on 20 January 2012, these assets were transferred to the SPVs on 23 and 30 December 2010 [20].
Portugalski organi so ocenili, da so celotne oslabitve decembra 2010 znašale skupaj 1798 milijonov EUR, pri čemer so bile porazdeljene na naslednji način: i) posojila: 1474 milijonov EUR, ii) nepremičnine: 16 milijonov EUR, iii) enote skladov: 247 milijonov EUR in iv) vrednostni papirji: 61 milijonov EUR. Po informacijah, ki so jih 20. januarja 2012 predložili portugalski organi, so bila ta sredstva 23. in 30. decembra 2010 prenesena na pravne subjekte s posebnim namenom [20].
However, the SPVs remained within BPN until 15 February 2012, when they were removed from BPN and transferred to another state-controlled company.
Vendar so pravni subjekti s posebnim namenom ostali del BPN do 15. februarja 2012, ko so bili izločeni iz BPN in preneseni na drugo podjetje pod nadzorom države.
First, Portugal claims that there is no aid in the support measures granted to BPN before the nationalisation, namely the ELA and the four loans granted by CGD in October 2008.
Prvič, Portugalska je navedla, da ukrepi podpore, ki so bili odobreni BPN pred nacionalizacijo, tj. nujna likvidnostna pomoč in štiri posojila, ki jih je CGD odobrila oktobra 2008, ne pomenijo državne pomoči.
Portugal argues that the ELA was granted by the BdP in an independent manner, at a penal interest rate and with collateral from BPN.
Po njenem mnenju je BdP nujno likvidnostno pomoč dodelila neodvisno, pri čemer so bile določene zamudne obresti, BPN pa je zagotovila zavarovanje s premoženjem.
The Framework Agreement signed on 9 December 2011 largely reflected the terms of the BIC offer of 20 July 2011.
V okvirnem sporazumu, podpisanem 9. decembra 2011, so večinoma upoštevani pogoji iz ponudbe BIC z dne 20. julija 2011.
The Portuguese authorities also consider that despite the sale price being negative, the only alternative to the sale (a liquidation of BPN) would have obliged the State to support a higher financial burden and would have posed a threat to the stability of the national financial system.
Poleg tega portugalski organi ne glede na negativno prodajno ceno menijo, da bi morala država v primeru edine druge možne rešitve, ki ne bi vključevala prodaje, (tj. v primeru likvidacije BPN) prevzeti večjo finančno obremenitev, kar bi ogrozilo stabilnost nacionalnega finančnega sistema.
Portugal claims that the increase in the capital of BPN undertaken on 15 February 2012 is designed to ensure that BPN will not face a capital short-fall during the period covered by the January 2012 Restructuring Plan.
Portugalska je navedla, da naj bi se s povečanjem kapitala BPN, ki je bilo izvedeno 15. februarja 2012, preprečil kapitalski primanjkljaj BPN v obdobju, ki ga zajema načrt prestrukturiranja iz januarja 2012.
According to the plan’s projections for core tier 1 capital, that ratio is expected to decrease to [10-15] % in 2016 under the base case scenario and to [8-12] % in a less favourable scenario, compared to the minimum mandatory level of 10 % which will be effective as of the end of 2012.
V skladu s projekcijami iz načrta za navadni lastniški temeljni kapital se bo njegov delež leta 2016 po osnovnem scenariju predvidoma zmanjšal na [10–15] %, po manj ugodnem scenariju pa na [8–12] %, pri čemer konec leta 2012 začne veljati najnižja obvezna stopnja 10 %.
Portugal also states that the sale conditions offered by BIC within an open and transparent sale process without minimum price are the minimum necessary to ensure the future viability of BPN, as liquidation would be more expensive for the State and might threaten financial stability.
Portugalska je navedla tudi, da so prodajni pogoji, ki jih je ponudila BIC v odprtem in preglednem postopku prodaje brez najnižje cene, najnujnejši za zagotovitev prihodnje rentabilnosti BPN, ker bi bila likvidacija dražja za državo in bi lahko ogrozila finančno stabilnost.
According to the Portuguese authorities, BPN had been facing liquidity problems since the summer of 2008, as evidenced by significant changes in the top management of BPN (changed twice since the beginning of 2008), audits of BPN undertaken by the BdP in June and the downgrading of BPN by Moody’s to Baa3 on 18 July 2008.
Po navedbah portugalskih organov je BPN imela likvidnostne težave od poletja 2008, kar dokazujejo velike spremembe na najvišji vodstveni ravni BPN (dve spremembi od začetka leta 2008), revizije BPN, ki jih je junija opravila BdP, in dejstvo, da je bonitetna agencija Moody’s banki BPN 18. julija 2008 znižala bonitetno oceno na Baa3.
Further, the second, third and fourth loans were granted after 22 October 2008, the date by which, according to Portugal, BPN was in a position of severe negative liquidity.
Poleg tega so bila drugo, tretje in četrto posojilo dodeljena po 22. oktobru 2008, ko je bilo likvidnostno stanje BPN po navedbah Portugalske izredno slabo.
A EUR 600 million recapitalisation of BPN took place on 15 February 2012.
Dokapitalizacija BPN v znesku 600 milijonov EUR je bila izvedena 15. februarja 2012.
That measure was carried out directly by the State and through state resources in view of the sale to BIC.
Navedeni ukrep je zaradi prodaje banki BIC izvedla neposredno država z državnimi sredstvi.
The EUR 600 million recapitalisation of BPN on 15 February 2012 was calibrated to provide BPN with EUR [200-400] million of equity capital at the moment of the sale. The latter amount corresponded at the time of BIC’s offer of 20 July 2011 to an estimated [10-18] % of core tier 1 capital.
Z dokapitalizacijo BPN v znesku 600 milijonov EUR, ki je bila izvedena 15. februarja 2012, je bil banki BPN ob prodaji zagotovljen lastniški kapital v znesku [200–400] milijonov EUR. Ta znesek je ob predložitvi ponudbe BIC z dne 20. julija 2011 ustrezal ocenjenemu [10–18]-odstotnemu navadnemu lastniškemu temeljnemu kapitalu.
It is significantly in excess of the regulatory minimum (9 % of core tier 1 as of end 2011 and 10 % core tier 1 as of end of 2012) [41].
To znatno presega regulativno minimalno zahtevo (9 % navadnega lastniškega temeljnega kapitala konec leta 2011 in 10 % navadnega lastniškega temeljnega kapitala konec leta 2012) [41].
In addition, the option of BIC to give back non-performing loans to the State until no later than […] after the date of the sale could alter the RWA of the bank and result in a higher core tier 1 capital than the level of [10-18] % implied in the offer of BIC of 20 July 2011.
Če bi BIC nedonosna posojila vrnila državi najpozneje […] po dnevu prodaje, bi se lahko spremenila tudi tveganju prilagojena aktiva banke, s tem pa bi navadni lastniški temeljni kapital presegel [10–18]-odstotno stopnjo iz ponudbe BIC z dne 20. julija 2011.
The Commission notes Portugal's commitment in this respect that if Banco BIC or the combined entity chooses to return loans to the State or any entity controlled by the State after the sale, it will pay back to the State the capital associated with those loans to the tune of [10-18] % of the loans’ risk weighted assets and will, in addition, transfer non-performing loans and pay back the capital associated with those loans to the State only after having completely exhausted the provisions available at the date of the sale in the accounts of BPN.
Komisija upošteva s tem povezano zavezo Portugalske, da banka BIC ali združeni subjekt v primeru vračila posojil državi ali drugemu subjektu pod nadzorom države po prodaji državi vrne kapital, povezan z navedenimi posojili, v znesku [10–18] % tveganju prilagojene aktive posojil ter poleg tega prenese nedonosna posojila in vrne državi kapital, povezan z navedenimi posojili, le, če je v celoti izčrpal rezervacije, ki so na dan prodaje na voljo na računih BPN.
All those aspects were discussed in subsequent bilateral negotiations between the Portuguese authorities and BIC, and culminated in the Framework Agreement of 9 December 2011. Even the Framework Agreement is not final as regards the exact extent of the bank being acquired.
Vsi navedeni vidiki so bili obravnavani v naknadnih dvostranskih pogajanjih med portugalskimi organi in BIC, pri čemer so bili dokončno opredeljeni v okvirnem sporazumu z dne 9. decembra 2011.
In particular, it does not determine the assets and liabilities that BIC will take over, despite clearly specifying that BPN will have equity of EUR [200-400] million at the moment of sale.
Točen obseg banke, ki ga BIC prevzame, ni dokončno določen niti v okvirnem sporazumu.
Moreover, by exercising the right to transfer to the State further non-performing loans after the sale, BIC could reduce further the extent of the bank, thus increasing the core tier 1 ratio for the combined entity to a higher level than the one implied in BIC’s offer of 20 July 2011.
Poleg tega bi lahko BIC z uveljavitvijo pravice do prenosa dodatnih nedonosnih posojil na državo po prodaji dodatno zmanjšala obseg banke in s tem povečala delež navadnega lastniškega temeljnega kapitala združenega subjekta tako, da bi presegal stopnjo iz ponudbe BIC z dne 20. julija 2011.
This could confer an additional advantage on BIC.
S tem bi BIC pridobila dodatno prednost.
Portugal also provided the final figures on the loans eventually taken over by BIC, whose amount was not known at the moment of the initial comparison, on 17 February 2012.
Predložila je tudi končne podatke o posojilih, ki jih je na koncu prevzela BIC in katerih znesek pri prvotni primerjavi, tj. 17. februarja 2012, ni bil znan.
It also removed from the orderly liquidation scenario costs associated with the reimbursement of certain subordinated bond holders, as specified in paragraph (221).
Poleg tega je iz scenarija nadzorovane likvidacije izključila stroške, povezane s plačilom nadomestila nekaterim imetnikom podrejenih obveznic, kot je navedeno v uvodni izjavi (221).
BPN was the seventh-largest financial institution in Portugal by balance sheet size at the end of 2008.
BPN je bila konec leta 2008 glede na bilančno vsoto sedma največja finančna institucija na Portugalskem.
Since its nationalisation, it has been reduced in size, in particular as a result of a deposit outflow.
Po nacionalizaciji se je zlasti zaradi odliva vlog zmanjšala.
The Commission considers that BIC has had the opportunity to review BPN loans since the opening of the tender and in particular after the signing of the Framework Agreement on 9 December 2011.
Komisija meni, da je lahko BIC pregledala stanje posojil BPN od začetka razpisnega postopka in zlasti po podpisu okvirnega sporazuma 9. decembra 2011.
In addition the loan portfolio has already been cleaned twice: with the transfer of the least performing loans to the SPVs in December 2010 and subsequently by BIC as the buyer requested the right to give back to the State additional amounts of loans to meet the [110-150] % LTD ratio.
Poleg tega je bil portfelj posojil že dvakrat očiščen: ko so bila decembra 2010 najbolj nedonosna posojila prenesena na pravne subjekte s posebnim namenom in nato ko je BIC kot kupec zahtevala, da se ji zaradi doseganja [110–150]-odstotnega razmerja med posojili in vlogami odobri pravica do vračila dodatnih zneskov posojil državi.
In October 2008, CGD signed three short-term loan agreements with BPN: (i) on 9 October 2008 for an amount of EUR 200 million with a pledge over certain assets as well as the promise of mortgage rights over buildings under the control of BPN (ii) on 28 October 2008, for an additional amount of EUR 15 million, and (iii) on 29 October 2008, in the form of a new loan for EUR 20 million. A fourth short-term loan was granted by CGD for the purposes of liquidity provision to BPN for an additional EUR 80 million and was signed on 3 November 2008.
CGD je oktobra 2008 z BPN podpisala tri pogodbe o kratkoročnem posojilu: (i) 9. oktobra 2008 za znesek 200 milijonov EUR z zastavo določenega premoženja in zastavno pravico na nepremičninah pod nadzorom BPN, (ii) 28. oktobra 2008 za dodaten znesek 15 milijonov EUR in (iii) 29. oktobra 2008 za novo posojilo v znesku 20 milijonov EUR. Četrto kratkoročno posojilo je odobrila CGD za zagotovitev likvidnosti BPN, in sicer za dodatnih 80 milijonov EUR, pri čemer je bila posojilna pogodba podpisana 3. novembra 2008.
All four loans were undertaken on Euribor 1 month plus spread of 1 % and the second, third and fourth loans benefited from the same collateral rights as the first EUR 200 million loan.
Za vsa štiri posojila je veljal enomesečni EURIBOR s pribitkom 1 %, pri čemer so za drugo, tretje in četrto posojilo veljale enake pravice iz zavarovanja s premoženjem kot pri prvem posojilu za 200 milijonov EUR.
of 27 June 2012
z dne 27. junij 2012
on the State aid No SA.33015 (2012/C) which Malta is planning to implement for Air Malta plc.
državni pomoči št. SA.33015 (2012/C), ki jo namerava Malta dodeliti za Air Malta plc.
(notified under document C(2012) 4198)
(notificirano pod dokumentarno številko C(2012) 4198)
Having regard to the Treaty on the Functioning of the European Union, and in particular the first subparagraph of Article 108(2) thereof,
ob upoštevanju Pogodbe o delovanju Evropske unije, zlasti prvega pododstavka člena 108(2) Pogodbe,
Having regard to the decision by which the Commission decided to initiate the procedure laid down in Article 108(2) TFEU, in respect of the aid SA.33015 [1],
ob upoštevanju odločitve Komisije o začetku postopka iz člena 108(2) PDEU v zvezi s pomočjo SA.33015 [1],
By letter dated 16 May 2011 Malta notified the Commission of the restructuring aid to Air Malta plc, following a rescue aid loan of EUR 52 million that was approved by a Commission decision of 15 November 2010 (N 504/2010, hereinafter "the decision on the rescue aid").
Z dopisom z dne 16. maja 2011 je Malta obvestila Komisijo o pomoči za prestrukturiranje za Air Malta plc., po posojilu za reševanje v vrednosti 52 milijonov EUR, odobrenem s Sklepom Komisije z dne 15. novembra 2010 (N 504/2010, v nadaljnjem besedilu: sklep o pomoči za reševanje).
The Commission requested additional information by letters dated 5 July and 1 September 2011, to which then Maltese authorities replied by letters dated 2 August and 22 September 2011.
Komisija je zahtevala dodatne informacije z dopisoma z dne 5. julija in 1. septembra 2011, na katera so malteški organi odgovorili z dopisoma z dne 2. avgusta in 22. septembra 2011.
By letter dated 25 January 2012, the Commission informed Malta that it had decided to initiate the procedure laid down in Article 108(2) TFEU in respect of the aid (hereinafter "the opening decision").
Komisija je z dopisom z dne 25. januarja 2012 obvestila Malto, da se je odločila začeti postopek iz člena 108(2) PDEU v zvezi s pomočjo (v nadaljnjem besedilu: sklep o začetku postopka).
The Commission received comments from six interested parties.
Komisija je prejela pripombe šestih zainteresiranih strani. Posredovala jih je Malti in ji dala možnost odgovora.
It forwarded them to Malta, which was given the opportunity to react; its comments were received by letter dated 27 April 2012.
Malta je odgovorila z dopisom z dne 27. aprila 2012.
DESCRIPTION OF THE MEASURE AND THE RESTRUCTURING PLAN
OPIS UKREPA IN NAČRTA ZA PRESTRUKTURIRANJE
Malta notified restructuring aid of EUR 130 million to Air Malta in the form of equity, including a debt-to-equity swap of the approved rescue loan of EUR 52 million, on the basis of the Restructuring Plan (RP) described below starting in November 2010 (after the approval of the rescue loan), and covering a five year restructuring period from autumn 2010 until autumn 2015.
Malta je priglasila pomoč za prestrukturiranje za Air Malta v višini 130 milijonov EUR v obliki lastniškega kapitala, vključno z zamenjavo terjatev v lastniške deleže v zvezi z odobrenim posojilom za reševanje v vrednosti 52 milijonov EUR, na podlagi v nadaljevanju opisanega načrta za prestrukturiranje, ki se je začel izvajati novembra 2010 (po odobritvi posojila za reševanje) in zajema petletno obdobje prestrukturiranja od jeseni 2010 do jeseni 2015.
Air Malta plc. is the national flag carrier of Malta since 1974.
Air Malta plc. je od leta 1974 malteški nacionalni letalski prevoznik.
At the beginning of the restructuring process, Air Malta operated 12 passenger aircrafts and served 43 scheduled destinations in Europe, North Africa and the Eastern Mediterranean.
Na začetku postopka prestrukturiranja je opravljal prevoze z 12 potniškimi letali na 43 rednih progah v Evropi, severni Afriki in vzhodnem Sredozemlju.
Air Malta is owned by the Maltese government (98 %) and private investors (2 %).
Air Malta je v lasti malteške vlade (98 %) in zasebnih vlagateljev (2 %).