natgillin/translations-raw huggingface dataset:
Ireland has committed, in addition, that the merged entity will not pay coupons or exercise calls on subordinated debt instruments and hybrid capital instruments, unless it is legally obliged to do so.
Irska se je poleg tega zavezala, da združeni subjekt ne bo izplačeval kuponov ali izvajal pozivov za vplačilo za podrejene dolžniške instrumente in hibridne kapitalske instrumente, razen če k temu ni zakonsko zavezan.
Given the extraordinarily high amount of State aid those two institutions have received compared to their size and the corresponding cost for the State, it is legitimate to assess whether burden-sharing by senior creditors could not be achieved.
Glede na izredno visok znesek državne pomoči, ki sta ju navedeni dve ustanovi prejeli v primerjavi z njuno velikostjo, in pripadajoče stroške za državo, je upravičeno oceniti, ali prednostni upniki ne bi mogli doseči porazdelitve bremena.
In that context, in Ireland senior bond holders have the same level of seniority as holders of deposit accounts.
V tem smislu imajo na Irskem imetniki prednostnih obveznic enako stopnjo prednosti kot imeniki depozitnih računov.
As already indicated, liquidation of the banks would result in a substantially higher State aid requirement and eventual cost for the taxpayer.
Kot je bilo že navedeno, bi likvidacija bank vodila k bistveno večjim zahtevam po državni pomoči in morebitnim stroškom za davkoplačevalce.
To date, the Commission has not received any detailed proposal on how to make the senior creditors participate […] in the burden-sharing without increasing the cost of the resolution for the State.
Do danes Komisija ni prejela nobenega podrobnega predloga o tem, kako bi se prednostne upnike lahko prisililo k sodelovanju […] pri porazdelitvi bremena brez povečanja stroškov reševanja za državo.
Overall, it should be concluded that, in the current legal framework, the own contribution of Anglo and INBS to their orderly resolution respects the conditions laid down in the Restructuring Communication.
Na splošno je treba skleniti, da v obstoječem pravnem okviru lastni prispevek bank Anglo in INBS k njunemu nadzorovanemu reševanju izpolnjuje pogoje, ki so določeni v sporočilu o prestrukturiranju.
The Restructuring Communication provides that the measures limiting distortion must be a function of the aid amount and of the presence of the aided institution on the markets after the restructuring.
Sporočilo o prestrukturiranju določa, da morajo biti ukrepi za omejevanje izkrivljanja konkurence v funkciji zneska pomoči in prisotnosti institucije, ki prejme pomoč, na trgih po prestrukturiranju.
As described previously in Section 6.2.5, the amount received by Anglo, INBS and their successor, the merged entity, is extraordinarily large both in absolute amounts and when compared to the size and RWA of the institutions.
Kot je navedeno v oddelku 6.2.5, je znesek, ki so ga prejeli banki Anglo in INBS ter njun naslednik, združeni subjekt, izredno velik tako v absolutnih zneskih kot tudi v primerjavi z velikostjo institucij in njihovo tveganju prilagojeno aktivo.
It reflects the size of the failure of those institutions.
Odraža obseg neuspeha teh institucij.
At the same time, the distortion of competition is limited as the institutions will almost completely exit all the markets where they were present.
Hkrati pa je izkrivljanje konkurence omejeno, saj bosta instituciji skoraj povsem izstopili z vseh trgov, na katerih sta bili prisotni.
The commercial activities of the merged entity will be limited to the maximum extent possible by the commitments provided Ireland as described in Section 2.3.2.
Komercialne dejavnosti združenega subjekta bodo v največji možni meri omejene z zavezami, ki jih je prevzela Irska in so opisane v oddelku 2.3.2.
It will work out the legacy loan book of Anglo and INBS, and will not enter into new activities.
Združeni subjekt bo izdelal portfelj posojil za nepremičnine bank Anglo in INBS in ne bo začenjal novih dejavnosti.
It will also stop the collection of deposits [72].
Prav tako bo prenehal zbirati vloge [72].
All commitments provided by Ireland will remain valid and applicable until the assets are fully worked out.
Vse zaveze, ki jih je prevzela Irska, bodo ostale veljavne in se bodo uporabljale, dokler izračun sredstev ne bo v celoti dokončan.
The following recitals explain why those commitments by Ireland ensure that the distortions of competition are limited to the minimum.
Naslednje uvodne izjave pojasnjujejo, zakaj te zaveze Irske zagotavljajo, da je izkrivljanje konkurence omejeno na najmanjšo možno raven.
No new activities
Brez novih dejavnosti
The Commission notes positively that Ireland has committed that the merged entity will not develop new activities and will not enter into new markets.
Komisija pozdravlja dejstvo, da se je Irska zavezala k temu, da združeni subjekt ne bo razvijal novih dejavnosti in ne bo vstopal na nove trge.
The merged entity will work out the legacy loan book of Anglo and INBS exclusively and will be liquidated once legacy assets are fully worked out.
Združeni subjekt se bo ukvarjal izključno z izdelavo portfelja posojil za nepremičnine bank Anglo in INBS in bo likvidiran takoj, ko bodo v celoti izračunana sredstva za nepremičnine.
In addition, the merged entity will not be authorised to acquire or take participations in other firms, preventing it to use State resources to expand its activities.
Poleg tega združeni subjekt ne bo pooblaščen za nakup ali udeležbo v drugih podjetjih, kar mu preprečuje uporabo državnih sredstev za širitev svojih dejavnosti.
Managing existing lending activities
Upravljanje obstoječih posojilnih dejavnosti
The merged entity will not grant lending to new customers and will restrict its lending activities to the management of the legacy loan book of Anglo and INBS.
Združeni subjekt ne bo odobril posojil novim strankam in bo omejil svoje posojilne dejavnosti na upravljanje portfelja posojil za nepremičnine bank Anglo in INBS.
As such, the merged entity will actively manage that loan book in a way that maximises the NPV of the assets, which is normal commercial practice for all going concern banks.
Združeni subjekt kot tak bo aktivno upravljal portfelj posojil na način, ki povečuje ČSV sredstev, kar je običajna poslovna praksa za vse delujoče banke.
With regard to the commercial loan book, active management may also imply limited additional lending to a borrower in order to finish or improve a property when it preserves or increases the NPV of the assets.
V zvezi s portfeljem poslovnih posojil lahko aktivno upravljanje vključuje tudi omejena dodatna posojila posojilojemalcem za dokončanje ali izboljšanje nepremičnin, če se s tem ohrani ali poveča ČSV sredstev.
However, such active management is restricted, in that the merged entity commercial loan book may not exceed the joint restructuring plan forecasts by more than […] in any single year during the plan period.
Vendar je tako aktivno upravljanje omejeno s tem, da portfelj poslovnih posojil združenega subjekta ne sme preseči napovedi iz skupnega načrta prestrukturiranja za več kot […] v katerem koli posameznem letu v obdobju izvajanja načrta.
Furthermore, that overall cap on the increase of the commercial loan book is complemented by several additional caps which apply to specific borrowers as described in Section 2.3.2.
Poleg tega to splošno omejitev glede povečevanja portfelja poslovnih posojil dopolnjuje več dodatnih omejitev, ki se uporabljajo za posebne posojilojemalce, kot je opisano v oddelku 2.3.2.
Ireland has furthermore committed that no additional mortgage residential property lending will be granted in relation to the INBS legacy mortgage portfolio (unless the bank is contractually obliged to do so).
Poleg tega se je Irska zavezala, da ne bo odobrila nobenih dodatnih hipotekarnih kreditov za stanovanjske nepremičnine v odnosu do zapuščinskega hipotekarnega portfelja banke INBS (razen če banka k temu ni pogodbeno zavezana).
The mortgage book will be managed so as to maximise its NPV, and new lending will be strictly limited, with further residential mortgage advances capped at EUR 20 million for the period 2011 to 2012, and EUR 5 million per year thereafter.
Hipotekarni portfelj bo upravljan na način, ki čim bolj povečuje njeno ČSV, nova posojila pa bodo strogo omejena, pri čemer so nadaljnja stanovanjska hipotekarna posojila omejena na 20 milijonov EUR za obdobje od 2011 do 2012 in na 5 milijonov EUR letno po tem obdobju.
These caps (yearly average of EUR 10 million in 2011 and 2012, and EUR 5 million per year after) amount to less than 1 % of the nominal value of the mortgage book of the merged entity, therefore preventing it from expanding its activities in the mortgage market.
Te omejitve (letno povprečje 10 milijonov EUR v letu 2011 in 2012 ter 5 milijonov EUR letno po tem obdobju) predstavljajo manj kot 1 % nominalne vrednosti hipotekarnega portfelja združenega subjekta in tako preprečujejo širjenje njegovih dejavnosti na hipotekarnem trgu.
Overall, the cap on the loan book and the commitments undertaken by Ireland will ensure that the legacy loan books of Anglo and INBS are managed in a prudent way aiming at maximising their return, and preventing the merged entity from engaging into genuinely new lending activities with new or existing customers.
Na splošno bodo omejitev za knjigo posojil in zaveze, ki jih je prevzela Irska, zagotovile, da se zapuščinske knjige posojil za banki Anglo in INBS vodijo preudarno, da se čim bolj poveča njihov donos, združenemu subjektu pa se prepreči sklepanje povsem novih posojilnih poslov z novimi ali obstoječimi strankami.
The commercial activities of the merged entity will thus be limited to the minimum necessary, and the commitments by Ireland will ensure that the activities of the merged entity will not raise significant concerns with regard to the distortion of competition.
Komercialne dejavnosti združenega subjekta bodo tako omejene na najnujnejše, Irska pa bo s svojimi zavezami zagotovila, da dejavnosti združenega subjekta ne bodo povzročile večje zaskrbljenosti glede izkrivljanja konkurence.
Collecting deposits
Zbiranje vlog
In conformity with the Programme for Support, the sale of circa EUR 12,2 billion of Anglo and INBS deposits and of circa EUR 15,9 billion of NAMA bonds of both entities was completed on 24 February 2011 (see Section 2.3.1.1).
V skladu s programom za podporo je bila prodaja približno 12,2 milijarde EUR vlog bank Anglo in INBS in približno 15,9 milijarde EUR obveznic NAMA obeh subjektov zaključena 24. februarja 2011 (glej oddelek 2.3.1.1).
The merged entity has, however, retained up to EUR 1 billion of deposits at the date of the transfer of the deposits.
Kljub temu je združeni subjekt na dan prenosa vlog ohranil do 1 milijarde EUR vlog.
In particular, some of those corporate deposits are held as guarantee for loans granted to several corporate institutions (income sweep accounts).
In sicer se nekaj teh vlog gospodarstva hrani kot jamstvo za posojila, odobrena več gospodarskim institucijam (depozitni računi).
Holding those deposits is part of the contractual lending arrangements between the institutions and some of their customers, and is as such part of the orderly work-out of the Anglo and INBS loan portfolios.
Vodenje teh vlog je del pogodbenih posojilnih aranžmajev med institucijama in nekaterimi njunimi strankami in je torej del nadzorovanega izračuna portfeljev posojil bank Anglo in INBS.
However, the activities of the merged entity will be limited as it will not collect deposits from new customers and the deposits it will continue to hold will be progressively redeemed.
Ne glede na to bodo dejavnosti združenega subjekta omejene, saj ne bo zbiral vlog novih strank, vloge, ki jih bo še naprej vodil, pa bodo postopno odkupljene.
The merged entity will decrease the deposits remaining in the merged entity at broadly the same rate as their related or connected assets are wound down (or, if there are no related or connected assets, at broadly the same rate as the overall net loan book is wound down).
Združeni subjekt bo zmanjševal vloge, ki so ostale v združenem subjektu, po približno enaki stopnji, kot bodo likvidirana njihova povezana sredstva (oziroma, če povezana sredstva ne obstajajo, po približno enaki stopnji, kot bo likvidiran portfelj skupnih neto posojil).
In addition, Ireland has committed that the deposit book of the merged entity will not exceed the forecasts of the joint restructuring plan by more than EUR 200 million at any moment.
Poleg tega se je Irska zavezala, da portfelj vlog združenega subjekta nikoli ne bo presegel napovedi iz skupnega načrta prestrukturiranja za več kot 200 milijonov EUR.
To conclude, the commercial activities of the merged entity in the deposit market is dramatically reduced and limited to the strict minimum necessary to work out the legacy loan books of Anglo and INBS in an orderly fashion.
Če sklenemo, komercialne dejavnosti združenega subjekta na depozitnem trgu so zelo okrnjene in strogo omejene na tiste, ki so nujno potrebne za nadzorovano izdelavo portfeljev posojil za nepremičnine bank Anglo in INBS.
The commitments by Ireland will thus guarantee that the deposit activities of the merged entity do not lead to a significant distortion of competition in the Irish deposit market.
S prevzetimi zavezami tako Irska jamči, da depozitne dejavnosti združenega subjekta ne bodo vodile k znatnemu izkrivljanju konkurence na irskem depozitnem trgu.
It should be concluded that the extraordinarily large State aid amounts do not lead to undue distortion of competition as they are offset by a corresponding large reduction of market presence.
Treba je skleniti, da izredno veliki zneski državne pomoči ne vodijo k neupravičenemu izkrivljanju konkurence, saj jih izravna pripadajoče veliko zmanjšanje tržne prisotnosti.
The measures addressing distortion of competition fulfil the requirements of the Restructuring Communication because the merged entity will not enter into new activities and will stop the collection of deposits, while its lending activities will be limited to the normal management and work-out of the legacy loan book of Anglo and INBS.
Ukrepi, ki se nanašajo na izkrivljanje konkurence, izpolnjujejo zahteve iz sporočila o prestrukturiranju, saj združeni subjekt ne bo začenjal novih dejavnosti in bo prenehal zbirati vloge, medtem ko bodo njegove posojilne dejavnosti omejene na običajno vodenje in izdelavo portfelja posojil za nepremičnine bank Anglo in INBS.
The merged entity will eventually fully disappear from the Irish lending and deposit markets, and therefore no longer distort competition.
Združeni subjekt bo postopoma povsem izginil z irskega posojilnega in depozitnega trga, zato ne bo več izkrivljal konkurence.
In addition, the merged entity will apply a ban on acquisitions.
Poleg tega se bodo za združeni subjekt uporabljale omejitve glede nakupov.
Accordingly, Ireland should provide the Commission with such reports every six months, starting from the date of notification of this Decision.
V skladu s tem Irska Komisiji taka poročila predloži vsakih šest mesecev od datuma uradnega obvestila o tem sklepu.
In the case of the restructuring of Anglo and INBS, a monitoring trustee will also be nominated for a period of three years to monitor the application of the commitments undertaken by Ireland.
V primeru prestrukturiranja bank Anglo in INBS bo za tri leta imenovan tudi skrbnik spremljanja za spremljanje izvajanja zavez, ki jih je prevzela Irska.
The monitoring trustee will be in charge of monitoring all the commitments (see Annex II).
Skrbnik spremljanja bo odgovoren za spremljanje vseh zavez (glej Prilogo II).
In particular the monitoring trustee will monitor on a regular basis whether the merged entity manages the legacy loan books of Anglo and INBS in line with the terms of the commitments and will ensure that the management of the Anglo and INBS loan books does not result in distortion of competition in the market.
Zlasti bo redno spremljal, ali združeni subjekt upravlja portfelj posojil za nepremičnine bank Anglo in INBS v skladu s zavezami, in zagotovil, da upravljanje portfeljev posojil bank Anglo in INBS ne vodi k izkrivljanju konkurence na trgu.
It should be concluded that the joint restructuring plan of Anglo and INBS fulfils the requirements of the Restructuring Communication.
Treba je skleniti, da skupni načrt prestrukturiranja bank Anglo in INBS izpolnjuje zahteve iz sporočila o prestrukturiranju.
The plan foresees an orderly work-out of Anglo and INBS assets.
Načrt predvideva nadzorovan izračun sredstev bank Anglo in INBS.
The own contribution of the banks is sufficient, while the burden-sharing is substantial and the State aid is limited to the minimum.
Lastni prispevek bank je zadosten, medtem ko je porazdelitev bremena precejšnja, državna pomoč pa omejena na najmanjšo potrebno.
The measures addressing distortion of competition are appropriate, and finally proper monitoring will be implemented.
Ukrepi, ki se nanašajo na izkrivljanje konkurence, so primerni, izvajalo pa se bo tudi ustrezno spremljanje.
The measures (a) to (v) referred to in recitals 66 to 69 and listed of Table 1 are considered to be restructuring aid.
Ukrepi (a) do (v), navedeni v uvodnih izjavah 66 do 69 in našteti v preglednici 1, se lahko obravnavajo kot pomoč za prestrukturiranje.
Concerning the aid measures covered by the opening decision of 31 March 2010, the Commission finds, pursuant to Article 7(3) of Council Regulation No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the EC Treaty [73], that those measure are compatible with the internal market under Article 107(3)(b) TFEU.
V zvezi z ukrepi pomoči, ki so zajeti v odločitvi o začetku postopka z dne 31. marca 2010, Komisija v skladu s členom 7(3) Uredbe Sveta št. 659/1999 z dne 22. marca 1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES [73] ugotavlja, da so ti ukrepi združljivi z notranjim trgom v skladu s členom 107(3)(b) PDEU.
As regards the remaining measures covered by this Decision, the Commission, pursuant to Article 4(3) of the Regulation No 659/1999, raises no objections to those measures as they are compatible with the internal market under Article 107(3)(b),
V zvezi s preostalimi ukrepi, ki so zajeti v tem sklepu, Komisija na podlagi člena 4(3) Uredbe (ES) št. 659/1999 tem ukrepom ne nasprotuje, saj so združljivi z notranjim trgom v skladu s členom 107(3)(b) –
The following aid, which Ireland has implemented in favour of Anglo Irish Bank and Irish Nationwide Building Society or which it plans to implement in favour of the merged entity of those two banks, is compatible with the internal market, in light of the commitments by Ireland set out in Annex I:
Naslednja pomoč, ki jo Irska izvaja v korist bank Anglo Irish Bank in Irish Nationwide Building Society oziroma ki jo namerava izvajati v korist združenega subjekta teh dveh bank, je združljiva z notranjim trgom z vidika zavez, ki jih je prevzela Irska in so opredeljene v Prilogi I:
[…] recapitalisations of Anglo Irish Bank in the amount of EUR 29,44 billion;
[…] dokapitalizacije banke Anglo Irish Bank v višini 29,44 milijarde EUR;
Implemented recapitalisations of Irish Nationwide Building Society in the amount of EUR 5,4 billion;
izvedene dokapitalizacije Irish Nationwide Building Society v višini 5,4 milijarde EUR;
Implemented State guarantees for Anglo Irish Bank, including the Guarantee Scheme for Credit Institutions (CIFS), the Eligible Liabilities Guarantee Scheme (ELG), the Emergency Liquidity Assistance (ELA) and guarantees on short-term liabilities and off-balance sheet liabilities;
izvedena državna jamstva za banko Anglo Irish Bank, vključno z jamstveno shemo za kreditne institucije (CIFS), jamstveno shemo za upravičene obveznosti (ELG), nujno likvidnostno pomočjo (ELA) ter jamstvi za kratkoročne obveznosti in zunajbilančne obveznosti;
Implemented State guarantees for Irish Nationwide Building Society, including CIFS, ELG, ELA and guarantees on short-term liabilities;
izvedena državna jamstva za Irish Nationwide Building Society, vključno s CIFS, ELG, ELA in jamstvi za kratkoročne obveznosti;
Implemented asset relief measure for Anglo Irish Bank, namely transfers of eligible loans to the National Assets Management Agency (NAMA) of EUR 35 billion;
izveden ukrep finančne pomoči za oslabljena sredstva za banko Anglo Irish Bank, in sicer prenos upravičenih posojil na National Assets Management Agency (NAMA) v višini 35 milijard EUR;
Implemented asset relief measure for Irish Nationwide Building Society, namely transfers of eligible loans to NAMA of EUR 8,9 billion;
izveden ukrep finančne pomoči za oslabljena sredstva za Irish Nationwide Building Society, in sicer prenos upravičenih posojil na agencijo NAMA v višini 8,9 milijarde EUR;
[…] recapitalisation of the merged entity of EUR 3,3 billion in a stress case;
[…] dokapitalizacija združenega subjekta v višini 3,3 milijarde EUR v izrednem scenariju;
Planned guarantees for the merged entity on its wholesale funding, deposits and off-balance sheet liabilities.
načrtovana jamstva za združeni subjekt za njegovo financiranje podjetij, vloge in zunajbilančne obveznosti.
Ireland shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.
Irska v dveh mesecih od uradnega obvestila o tem sklepu Komisijo obvesti o ukrepih, sprejetih za uskladitev s tem sklepom.
Furthermore, Ireland shall, from the date of notification of this Decision, submit detailed six-monthly reports on the measures taken to comply with it.
Poleg tega Irska od datuma uradnega obvestila o tem sklepu vsakih šest mesecev predloži podrobno poročilo o ukrepih, ki jih je sprejela za uskladitev s tem sklepom.
OJ C 214, 7.8.2010, p. 3.
UL C 214, 7.8.2010, str. 3.
Commission Decision in Case N 9/09, Recapitalisation of Anglo Irish Bank by the Irish State (OJ C 177, 30.7.2009, p. 1).
Odločitev Komisije v zadevi N 9/09, Dokapitalizacija Anglo Irish Bank s strani irske države (UL C 177, 30.7.2009, str. 1).
Commission Decision in Case N 61/09, Change of ownership of Anglo Irish Bank (OJ C 177, 30.7.2009, p. 2).
Odločitev Komisije v zadevi N 61/09, Sprememba lastništva Anglo Irish Bank (UL C 177, 30.7.2009, str. 2).
Commission Decision in Case N 356/09, Recapitalisation of Anglo Irish Bank by the Irish State (OJ C 235, 30.9.2009, p. 3).
Odločitev Komisije v zadevi N 356/09, Dokapitalizacija Anglo Irish Bank s strani irske države (UL C 235, 30.9.2009, str. 3).
According to recital 40 of the Commission Decision in Case N 356/09 (see footnote 4 of this Decision), the adoption of a restructuring plan is consistent with paragraph 28 of the Credit Institutions Financial Support (CIFS) Scheme (the Irish guarantee scheme for credit institutions) and paragraph 30 of the Commission’s approval of the CIFS Scheme.
V skladu z uvodno izjavo 40 k odločitvi Komisije v zadevi N 356/09 (glej opombo 4 tega sklepa) je sprejetje načrta prestrukturiranja skladno z odstavkom 28 sheme CIFS za finančno podporo kreditnim institucijam (irska jamstvena shema za kreditne institucije) in odstavkom 30 iz odobritve sheme CIFS s strani Komisije.
See also Commission Decision in Case NN 48/08, Ireland — Guarantee Scheme for banks in Ireland (OJ C 312, 6.12.2008, p. 2). In the context of CIFS, the Minister for Finance has required a restructuring plan to be produced if a participating institution’s solvency ratio falls below the minimum regulatory standards applicable to it on a material basis.
(Glej tudi odločitev Komisije v zadevi NN 48/08, Irska – Jamstvena shema za banke na Irskem (UL C 312, 6.12.2008, str. 2). V okviru sheme CIFS je finančni minister zahteval, da se izdela načrt prestrukturiranja, če stopnja solventnosti udeležene institucije pade pod minimalne regulativne standarde, ki se zanjo uporabljajo na materialni podlagi.
Commission Decision in Case NN 12/10 and C 11/10 (ex N 667/09), Second rescue measure in favour of Anglo Irish Bank (OJ C 214, 7.8.2010, p. 3).
Odločitev Komisije v zadevi NN 12/10 in C11/10 (ex N 667/09), Drugi reševalni ukrep za Anglo Irish Bank (UL C 214, 7.8.2010, str. 3).