natgillin/translations-raw huggingface dataset:
Regarding Eurobank Properties REIC, the Commitments provided in Chapter III, Section A (4) (i.e. compliance with the HFSF Relationship Framework), Section C (paragraph (27)) (Dividend, Coupon, Repurchase, Call and Buy Back ban), Section C (paragraph (28)) (Acquisition ban), as well as Chapter IV (Monitoring Trustee), shall cease to apply to the subsidiary from the moment the shareholding of the Bank in Eurobank Properties REIC is reduced below […] %.
Iz preglednice 3 je razvidno, da je ukrep B1 pokril le omejen del skupnih kapitalskih potreb, ugotovljenih v testu izjemnih situacij iz leta 2012.
In case an individual Commitment does not apply at the Bank’s level, the Bank shall not use the subsidiaries or activities not covered by that individual Commitment to circumvent the Commitment.
Skupina bi morala kapital zbrati s prihodnjim povečanjem kapitala, premostitvena dokapitalizacija pa naj bi bila namenjena le ohranjanju upravičenosti skupine do financiranja ECB, dokler se ne bi izvedlo povečanje kapitala.
Section A
Obveznice z državnim jamstvom so se na banko Nea Proton Bank prenesle na dan reševanja, vendar so bile 5. januarja 2012 preklicane.
Setting up an efficient and adequate internal organisation
Grški državni vrednostni papirji so zapadli decembra 2011 in niso bili podaljšani.
The Bank, excluding its foreign subsidiaries, shall abide at all times with the totality of the provisions of law 3016/2002 on Corporate Governance and law 2190/1920 on the Sociétés Anonymes and especially the provisions in connection to the functions of corporate bodies such as the shareholders’ meeting and Board of Directors in order to secure a clear distribution of responsibilities and transparency.
V skladu s posodobljenim načrtom prestrukturiranja za banko Nea Proton Bank, ki je bil predložen 16. julija 2012 in je bil zadnja različica načrta, ki je bil priglašen Komisiji v času sklepa o začetku postopka za banko Nea Proton, je banka Nea Proton Bank potrebovala dodatni kapital v višini 300 milijonov EUR.
The powers of the shareholders’ meeting shall be restricted to the tasks of a general meeting in line with company law, in particular as regards rights related to information.
Navedeni dodatni kapital je bil potreben tudi zaradi izgub, ki jih je banka Nea Proton Bank utrpela na podlagi programa PSI (izgube zaradi oslabitve za leto 2011, povezane z grškimi državnimi obveznicami, so znašale 146,5 milijona EUR, k rezultatom prvega četrtletja leta 2012 pa so se štele tudi dodatne oslabitve v višini 22 milijonov EUR).
More extensive powers, which would allow improper influence on management, shall be rescinded.
V skladu s posodobljenim načrtom prestrukturiranja za banko Nea Proton Bank, ki je bil predložen 16. julija 2012, naj bi bile predvidene kapitalske potrebe v obliki pričakovanega kapitalskega vložka v višini 285 milijonov EUR leta 2012 in pričakovanega kapitalskega vložka v višini 15 milijonov EUR leta 2014.
Responsibility for day-to-day operational management shall clearly rest with the executive Directors of the Bank.
Sklad HFSF je na koncu v banko Nea Proton Bank dejansko vložil 230 milijonov EUR 1. avgusta 2012 in 35 milijonov EUR 31. decembra 2012.
The Bank, excluding its foreign subsidiaries, shall comply at all times with the Hellenic Financial Stability Fund (the ‘HFSF’) Relationship Framework.
Banke T Bank, TT Bank in New TT Bank so od leta 2008 prejele pomoč v okviru različnih ukrepov pomoči.
The Bank shall abide by the provisions of Governor’s Act 2577/9.3.2006, as in force, in order to maintain, on an individual and a group basis, an effective organisational structure and an adequate Internal Control System including the three key pillars, namely the Internal Audit, Risk Management and Compliance functions and best international corporate governance practices.
Preglednica 8 vsebuje pregled navedenih ukrepov pomoči.
The Bank shall have an efficient organisational structure, so as to ensure that the Internal Audit and the Risk Management departments are fully independent from commercial networks and report directly to the Board of Directors.
Z izboljšanjem učinkovitosti podružnic in osebja se bodo zmanjšali skupni stroški vseh grških bančnih dejavnosti z 913 milijonov EUR na letni osnovi leta 2013 [72] za […] % na […] milijonov EUR leta 2018 [73].
An Audit Committee and a Risk Committee — created within the Board of Directors — shall assess all issues raised by those respective departments.
Pričakovano razmerje med stroški in prihodki grških bančnih dejavnosti skupine se bo zato s 60 % leta 2012 do konca obdobja prestrukturiranja zmanjšalo pod […] %.
An adequate Internal Audit Charter and Risk Management Charter shall specify the roles, responsibilities and resources of those departments.
Razmiki za vloge (povprečje obrestnih mer za vezane vloge, vpogledne vloge in hranilne vloge) naj bi se v Grčiji z 223 bazičnih točk leta 2012 zmanjšali na […] bazičnih točk leta 2018 [74].
Those charters shall comply with international standards and secure a full independence to the departments.
Navedeno zmanjšanje razmikov se bi doseglo zlasti s plačevanjem precej nižjih obrestnih mer za vezane vloge.
A Credit Policy shall provide guidance and instructions regarding the granting of loans, including the pricing of loans and the restructuring of loans.
Skupina predvideva, da bodo njene izgube na konsolidirani podlagi znašale […] milijonov EUR leta 2014 in […] milijonov EUR leta 2015, njen dobiček pa bo znašal […] milijonov EUR, […] milijonov EUR oziroma […] milijonov EUR leta 2016, 2017 oziroma 2018 [82].
The Bank shall make public to the competent authorities the list of shareholders holding at least 1 % of ordinary shares.
Njen konsolidirani kapitalski donos bo leta 2018 znašal […] % [83].
Section B
Navedena raven donosnosti temelji zlasti na grškem trgu (s kapitalskim donosom v višini […] % ob koncu obdobja prestrukturiranja), […] in […] pa bosta poročala o nižjih ravneh donosnosti ([…] % oziroma […] %).
Commercial practices and risk monitoring
Navedene odprodaje predstavljajo […] % tuje aktive skupine dne 31. decembra 2012.
General principles
Tuja aktiva bi tako znašala […] milijard EUR dne 31. decembra 2018, mednarodna mreža pa bi bila osredotočena na […] in […].
The Credit Policy shall specify that all customers shall be treated fairly through non-discriminatory procedures other than those related to credit risk and ability to pay.
prenosa vezanih vlog, ki so imele v boljših pogojih visok donos in zmanjšanja skupnih neporavnanih zneskov vlog za 30 % v prvi polovici leta 2012.
The Credit Policy defines the thresholds above which the granting of loans must be approved by higher levels of management.
Grška centralna banka je poudarila tudi, da bodo od leta 2013 naprej podatki o neto prihodkih od obresti kazali na hitro rast in da ni nobenega dvoma, da bo banka Nea Proton Bank lahko izpolnila cilj.
Similar thresholds shall be defined regarding the restructuring of loans and the handling of claims and litigations.
Ti pomisleki so bili odpravljeni s prodajo banke Nea Proton Bank skupini 15. julija 2013.
The Credit Policy shall centralise in selected centres the decision-making process at national level, and provide clear safeguards to ensure a consistent implementation of its instructions within all the Greek banking activities.
S prodajo banke Nea Proton Bank v odprtem, preglednem in nediskriminacijskem postopku skupini se plačilo skupine šteje za tržno ceno.
For all the Greek banking activities, the Bank shall fully incorporate the Credit Policy rules in their loan origination and loan refinancing workflow and disbursement systems.
Ponudba skupine, ki je zahtevala dokapitalizacijo v višini 395 milijonov EUR pred nakupom banke Nea Proton Bank, je bila izračunana tako, da izpolnjuje najnižji možni količnik kapitalske ustreznosti v višini 9 % in omogoča zagotovitev dodatnih 119 milijonov EUR, potrebnih zaradi pričakovanih dodatnih izgub iz posojil in pričakovanih izgub pred davkom do leta 2016.
Specific provisions
Komisija ugotavlja, da je bila pomoč v višini 395 milijonov EUR nujna.
The specific provisions listed in paragraphs (8) to (18) of Chapter III of the Commitments shall apply to the Greek banking activities, unless explicitly stated otherwise
Druga najvišja ponudba je bila gotovinska ponudba v višini 500 milijonov EUR.
Those guidelines shall include the obligation to respect strictly the credit policy’s standard tables of interest rate bands (ranges) depending on the maturity of the loan, the credit risk assessment of the customer, the expected recoverability of pledged collateral (including the time frame to a potential liquidation), the overall relationship with the Bank (e.g. level and stability of deposits, fee structure and other cross-sales activities) and the funding cost of the Bank.
Komisija je že v odločbi z dne 19. novembra 2008 [127] ugotovila, da je ukrep TT, dodeljen maja 2009 na podlagi ukrepa dokapitalizacije, ki je del programa pomoči grškim bankam, kot pomoč za reševanje združljiv s Sporočilom o bančništvu iz leta 2008.
Specific loan asset classes are generated (e.g. commercial loan, mortgage, secured/unsecured, etc.) and their pricing framework is tabulated to an appropriate Credit Policy table that shall be updated on a regular basis by the Credit Committee.
Odločba z dne 19. novembra 2008 ni upoštevala Sporočila o dokapitalizaciji, ker takrat še ni bilo sprejeto.
Any exception must be duly authorised by the Credit Committee, or at lower level of authority when allowed by the Credit Policy.
Pomanjkanje primernega vračila pomoči:
Tailor-made transactions such as syndicated loans or project finance shall respect the same principles, with due account being taken of the fact that they may not fit in standardised credit policy tables.
upoštevati pri ocenjevanju skladno s Sporočilom o prestrukturiranju
Infringements of that pricing policy shall be reported to the Monitoring Trustee.
Komisija je tudi ugotovila, da ne bo plačano nadomestilo za sklad HFSF za kritje likvidnostne vrzeli z banke TT Bank na banko New TT Bank (ukrep NTT1) in je zelo malo verjetno, da bi sklad HFSF veliko izterjal od 3,7 milijarde EUR.
The Risk Management Department shall be responsible for the assessment of credit risk and the valuation of collateral.
Nazadnje Komisija v zvezi z ukrepom TT ugotavlja, da država najverjetneje ne bo izterjala ničesar, ker so njene terjatve iz naslova lastniških vrednostnih papirjev, povezane s prednostnimi delnicami, ki so bile izdane maja 2009, ostale v banki TT Bank, za katero se je začel likvidacijski postopek.
When assessing the loan quality, the Risk Management Department shall act independently, providing its written opinion so as to ensure that criteria used in the assessment are applied consistently over time and among customers and in respect of the Bank’s credit policy.
Operativno združenje banke New TT Bank in skupine je bilo končano 14. aprila 2014.
Those limits shall take into account the maturity of the loan and the quality of any collateral/security provided and shall be set against key benchmarks including against capital.
Znesek neodplačanih jamstev je 15. aprila 2011 znašal 13600 milijonov EUR in je 30. novembra 2013 dosegel 13932 milijonov EUR.
Granting loans [1] to enable borrowers to purchase shares or hybrid instruments of the Bank and other banks [2] shall be prohibited, whoever are those borrowers [3].
Prihodnja likvidnostna podpora, dodeljena v okviru navedenega programa, bi prav tako pomenila pomoč.
This provision shall apply and shall be monitored at the Bank’s level.
Sklad HFSF prejema sredstva od države.
All loan requests by non-connected borrowers greater than [[…] % of the Bank’s RWA] or any loan which keeps the exposure to one group (defined as a group of connected borrowers that represent a single credit risk) higher than [[…] % of the Bank’s RWA] shall be reported to the Monitoring Trustee, which may, if the conditions do not appear to be set at arm’s-length or if no sufficient information has been provided to the Monitoring Trustee, postpone the granting of the credit line or the loan by […] working days.
Zato Komisija ugotavlja, da pismo zagotavlja državna sredstva.
In emergency cases, that period may be reduced to […] working days provided sufficient information has been provided to the Monitoring Trustee.
Z drugimi besedami, potrebe po kapitalu, ki so jih pokrili navedeni ukrepi, so obstajale že marca 2012.
That period will enable the Monitoring Trustee to report the case to the Commission and the HFSF before any definitive decision is taken by the Bank.
Komisija zato meni, da bi bilo treba znesek pomoči, vključene v ukrepih B1, B2, B3 in B4, primerjati s tveganju prilagojeno aktivo skupine na dan 31. marca 2012.
The Credit Policy shall give clear instructions on the restructuring of loans.
Opozoriti je treba tudi, da grška centralna banka potreb grških bank po kapitalu od marca 2012 do dokapitalizacije iz pomladi 2013 ni prilagodila navzgor ali navzdol glede na pridobitve teh bank.
It clearly defines which loans are eligible, under which circumstances, and indicates the terms and conditions that can be proposed to eligible customers.
Prva in druga premostitvena dokapitalizacija in pismo o zavezi so skupaj znašali 5839 milijonov EUR.
For all the Greek banking activities, the Bank shall ensure that all restructurings aim at enhancing the future recoveries by the Bank, thus safeguarding the interest of the Bank.
Ta znesek je enak 13,8 odstotka tveganju prilagojene aktive skupine na dan 31. marca 2012.
For that purpose, the Bank’s Risk Management Department shall be responsible for developing and deploying adequate restructuring effectiveness reporting mechanisms, for performing in-depth analyses of internal and/or external best practices, reporting its findings at least on a quarterly basis to the Credit Committee and the Board Risk Committee, suggesting actionable improvements to the processes and policies involved and oversee and reporting on their implementation to the Credit Committee and the Board Risk Committee.
Zato je ni treba ponovno oceniti na podlagi Sporočila o bančništvu iz leta 2008, treba pa jo je oceniti na podlagi Sporočila o prestrukturiranju.
The Bank shall ensure that all necessary actions are taken to maximise the recoveries for the Bank and protect its financial position in the long-term.
Kakršna koli izredna likvidnostna pomoč z državnim jamstvom, dodeljena po 1. avgustu 2013, spada na področje uporabe Sporočila o bančništvu iz leta 2013.
Any breach in the implementation of that policy shall be reported to the Monitoring Trustee.
Združljivost dokapitalizacij iz sklada HFSF (ukrepi B1, B2, B3 in B4), zlasti kar zadeva nadomestilo, bi bilo treba najprej oceniti na podlagi Sporočila o bančništvu iz leta 2008, Sporočila o dokapitalizaciji in Sporočila o podaljšanju iz leta 2011.
The Bank shall monitor credit risk through a well-developed set of alerts and reports, which enable the Risk Management Department to:
Komisija je v sklepu o začetku postopka za skupino Eurobank izrazila dvom glede združljivosti ukrepa B1 z navedenimi sporočili.
assess recoverability of the loan portfolio (including but not limited to alternative repayment sources such as co-debtors and guarantors as well as collateral pledged or available but not pledged);
Združljivost dokapitalizacij iz sklada HFSF (ukrepi B1, B2, B3 in B4) bi bilo treba oceniti tudi na podlagi Sporočila o prestrukturiranju.
assess the overall exposure of the Bank on an individual customer or on a portfolio basis;
Združljivost zaveze za dokapitalizacijo iz leta 2014 (ukrep C) bi bilo treba oceniti na podlagi Sporočila o bančništvu iz leta 2013, ki določa nove zahteve glede prispevka podrejenih upnikov in plačila vodstvenih delavcev, Sporočila o dokapitalizaciji in Sporočila o podaljšanju iz leta 2011.
and (iv) propose corrective and improvement actions to the Board of Directors as necessary.
Združljivost ukrepa C bi bilo treba oceniti tudi na podlagi Sporočila o prestrukturiranju.
The Monitoring Trustee shall be given access to that information.
Predvsem je razlika med temi stroški višja od zahtevane stopnje provizije za jamstvo iz Sporočila o podaljšanju iz leta 2011.
Provisions applying to connected borrowers
Zato se lahko skupno nadomestilo, ki ga je zaračunala država, šteje za zadostno.
All the provisions applying on connected borrowers shall apply at the Bank’s level.
Ukrep L2 je zato skladen s Sporočilom o bančništvu iz leta 2008 in Sporočilom o podaljšanju iz leta 2011.
Within the Credit Policy, a specific section shall be devoted to the rules governing relations with connected borrowers.
Sporočilo o bančništvu iz leta 2013 ni uvedlo dodatnih zahtev glede jamstev, zato je ukrep L2 skladen tudi s Sporočilom o bančništvu iz leta 2013.
Connected borrowers include employees, shareholders, directors, managers, as well as their spouses, children and siblings and any legal entity directly or indirectly controlled by key-employees (i.e. employees involved in the decision-making process of the Credit Policy), shareholders, directors or managers or their spouses, children and siblings.
Kapital skupine je bil pred dokapitalizacijo iz pomladi 2013 negativen in njena tržna kapitalizacija je znašala le nekaj sto milijonov EUR.
By extension, any public institution or government-controlled organisation, any public company or government agency shall be considered as a connected borrower.
V takih okoliščinah se pojavi vprašanje, ali bi bilo treba izločiti vse obstoječe delničarje.
Political parties shall also be treated as connected borrowers in the Credit Policy.
Konsolidacija navedene banke se je zahtevala na podlagi memoranduma o gospodarskih in finančnih politikah z dne 15. maja 2013.
The definition of connected borrowers has been further specified in a separate document.
Zato se lahko prevzem šteje kot sestavni del konsolidacije, potrebne za ponovno vzpostavitev uspešnega poslovanja, kot je opisano v točki 41 Sporočila o prestrukturiranju.
The Risk Management Department shall be responsible for the mapping of all connected groups of borrowers that represent a single credit risk with a view to properly monitoring credit risk concentration.
Do leta 2018 se bodo skupni stroški skupine v primerjavi z letom 2013 znižali za dodatnih […] % [147].
Regarding loans to individuals and legal entities, the Bank, on the basis of the best international practices, applies strict individual and aggregated limits governing the maximum loan amount that can be granted to a single credit risk which relates to connected borrowers (if at all allowed under Greek and EU law).
Da bi skupina dosegla ta cilj, se je zavezala, da bo do 31. decembra 2017 zmanjšala število svojih podružnic v Grčiji na največ […] in število zaposlenih na največ […], skupne stroške v Grčiji pa na največ 800 milijonov EUR.
The Bank shall monitor separately its exposure to connected borrowers including the public sector entities and political parties.
Pričakovano razmerje med stroški in prihodki bo ob koncu obdobja prestrukturiranja manjše od […] %.
The new production of loans [4] to connected borrowers (annual % of Y-1 stock [5]) shall be no higher than the new production of the total loan portfolio in Greece (annual % of Y-1 stock).
Drugo ključno področje je upravljanje nedonosnih posojil, saj so ta posojila 31. decembra 2013 znašala 29,4 % portfelja [148].
That Commitment shall be complied with separately for each type of connected borrower (employees, shareholder, managers, public entities, political party).
Skupina načrtuje ustanovitev posebnega oddelka za upravljanje nedonosnih posojil.
The credit assessment of the connected borrowers, as well as the pricing conditions and possible restructuring offered to them, shall not be more advantageous compared to conditions offered to similar but unconnected borrowers, in order to secure a level-playing field in the Greek economy.
Glede na to, da je imel sklad HFSF 31. decembra 2013 v lasti 95,23 % delnic skupine, je treba pozornost nameniti tudi upravljanju skupine.
That obligation does not apply to existing general schemes benefiting employees, offering them subsidised loans.
Skupina in sklad HFSF sta se leta 2013 ob upoštevanju preteklih izkušenj z grškimi bankami v državni lasti dogovorila o posebnem okviru odnosov.
The Bank shall report every month about the evolution of that exposure, the amount of the new production and the recent requests greater than [[…] % of the Bank’s RWA] to be addressed at the Credit committee.
Prodaja njenih velikih odvisnih podjetij na Poljskem in v Turčiji je izboljšala njen kapitalski položaj za približno 750 milijonov EUR.
The credit criteria applied to employees/managers/shareholders shall be no less strict than those applied to other, non-connected borrowers.
Navedene prodaje so izboljšale tudi likvidnostni položaj skupine.
If the total credit exposure to a single employee/manager/shareholder exceeds an amount equal to a [[…]] fixed salary for secured loans and an amount equal to a [[…]] fixed salary for unsecured loans, the exposure shall be reported promptly to the Monitoring Trustee who may intervene and postpone the granting of the loan pursuant to the procedure described in paragraph (25) of Chapter III of the Commitments.
Skupina se je zavezala zlasti, da bo obseg svoje tuje aktive zmanjšala na 8,77 milijarde EUR.
All loan requests by connected borrowers greater than [[…] % of the Bank’s RWA] or any loan which keeps the exposure to one group (defined as a group of connected borrowers that represent a single credit risk) higher than [[…] % of the Bank’s RWA] shall be reported to the Monitoring Trustee, which may, if the conditions do not appear to be set at arm’s-length or if no sufficient information has been provided to the Monitoring Trustee, postpone the granting of the credit line or the loan by […] working days.
Ob upoštevanju dosedanjega zmanjšanja zadolževanja in že opravljenih odprodaj bo skupina po izvedbi tega dodatnega zmanjšanja velikosti do […] bistveno zmanjšala geografsko področje, na katerem deluje.
The restructuring of loans involving connected borrowers shall comply with the same requirements as for non-connected borrowers.
Poleg tega se je skupina zavezala, da bo nadalje zmanjšala obseg svojih dejavnosti v tujini, če bo potrebovala kapitalski vložek iz sklada HFSF, višji od 1 milijarde EUR.
Furthermore, established frameworks and policies to deal with troubled assets shall be assessed and improved, if necessary.
V takem scenariju bi skupina zmanjšala svoj portfelj mednarodnih sredstev na največ 3,5 milijarde EUR.
However, it is expected that restructured loans of connected borrowers shall be reported separately, at least per loan asset class and connected borrower type.
Če bo kapitalski vložek v okviru ukrepa C nižji od 1 milijarde EUR, bo to pomenilo, da so zasebni vlagatelji vložili vsaj 1,5 milijarde EUR, tj. več kot sklad HFSF.
Section C
Taka večja udeležba zasebnih vlagateljev bi bistveno zmanjšala potrebni znesek pomoči in s tem izboljšala porazdelitev bremena.
Other restrictions
Komisija ugotavlja tudi, da skupina od leta 2008 ni izplačala nobenih dividend v gotovini.
Dividend, Coupon, Repurchase, Call and Buy Back ban Unless the Commission otherwise agrees to an exemption, the Hellenic Republic commits that:
Nazadnje Komisija pozdravlja dejstvo, da bo sklad HFSF vložil dodatni kapital le, če ga skupina ne bo mogla zbrati na trgu po ceni, ki se šteje za razumno in bo določena na podlagi ocen dveh neodvisnih cenilcev.
The Bank shall not pay any coupons on hybrid capital instruments (or any other instruments for which the coupon payment is discretionary) or dividends on own funds instruments and subordinated debt instruments other than where there is a legal obligation to do so.
Ukrep C pokrije samo potrebo po kapitalu, ki bo ostala, če (i) je ne bo mogoče pokriti z nadaljnjimi odprodajami ali ukrepi za povečanje kapitala (Komisija meni, da je skupina analizirala vse možne odprodaje in se zavezala k vsem tistim, ki lahko zmanjšajo potrebe po kapitalu, v okviru kapitalskega načrta, predloženega grški centralni banki) in (ii) je ne bodo pokrili zasebni vlagatelji v okviru povečanja delniškega kapitala aprila 2014.
The Bank shall not release reserves to put itself in such a position.
Zato ukrep skupini ne zagotavlja presežnega kapitala.