natgillin/translations-raw huggingface dataset:
For its compatibility assessment, the Commission has based itself on the alternative base scenario proposed by the Bank, which relies on more prudent assumptions than the base scenario.
Pobude, ki jih družba AIB že izvaja (tj. zmanjšanje finančnega vzvoda, zniževanje stroškov, izboljšan profil financiranja), in pobude, ki se bodo za ponovno vzpostavitev dobičkonosnosti predvidoma izvajale v celotnem obdobju prestrukturiranja (tj. nova posojila po višji ceni/posojila in vloge iz preteklega portfelja po novih cenah, dodatno znižanje stroškov osebja in okrepljene dejavnosti upravljanja kredita [63]), so ustrezne glede na vrsto finančnih težav banke [64].
According to point 13 of the Restructuring Communication, long-term viability is achieved when a bank is able to compete in the marketplace for capital on its own merits in compliance with the relevant regulatory requirements.
Vendar se bo ponovno vzpostavljanje dobičkonosnosti banke zaradi preostanka sredstev banke z nizkim donosom morda zavleklo do konca obdobja prestrukturiranja.
For a bank to do so, it must be able to cover all its costs and provide an appropriate return on equity, taking into account the risk profile of the bank.
Zato donosnost lastniškega kapitala banke v okviru alternativnega osnovnega scenarija ostaja sorazmerno nizka, tudi ob koncu obdobja prestrukturiranja, vendar je opazen zmeren trend rasti.
Point 14 of the Restructuring Communication stipulates that long-term viability requires that any State aid received is either redeemed over time or is remunerated according to normal market conditions, thereby ensuring that any form of additional State aid is terminated.
Komisija je ob upoštevanju navedenega sklenila, da načrt prestrukturiranja banke na splošno prepričljivo določa pot za ponovno vzpostavitev dolgoročno uspešnega poslovanja banke.
The Irish authorities have submitted a restructuring plan which sets out the Bank's strategy to return to viability without further State aid by focusing on (i) the re-orientation of the Bank into a smaller institution, focused on Ireland, with an improved funding profile; (ii) improved levels of profitability through NIM enhancement, cost reductions measures and gradually reduced impairment charges; and (iii) maintaining a strong capital buffer.
Zmanjšanje pomoči na najmanjšo potrebno: lastni prispevek in delitev bremena
a smaller institution, focused on Ireland, with an improved funding profile
V oddelku 3 sporočila o prestrukturiranju je navedeno, da je za omejitev pomoči na najmanjšo potrebno ter odpravo izkrivljanja konkurence in moralnega tveganja potreben ustrezen prispevek upravičenca.
The Bank has already undertaken far-reaching restructuring measures which led to a considerably smaller balance sheet as compared to pre-crisis levels, which were the result of uncontrolled growth (EUR 118 billion in 2013 compared to EUR 136,7 billion in 2011 [57]).
Zato je določeno, da (i) je treba znesek pomoči omejiti in da (ii) je potreben znaten lasten prispevek.
The reduction was notably achieved through foreign business disposals, transfers of ‘high-risk property’ assets to NAMA and other asset deleveraging [58].
V sporočilu o prestrukturiranju je nadalje navedeno, da mora banka za financiranje prestrukturiranja najprej uporabiti lastna sredstva, da bi lahko pomoč omejila na najmanjšo potrebno.
As a result, the Bank's current exposure to the property and construction sector has been reduced and is expected to further decrease in relative terms until the end of the restructuring period.
Stroškov, povezanih s prestrukturiranjem, ne sme kriti le država, ampak tudi tisti, ki so vlagali v banko.
The Commission considers that the new strategy is prudent and appropriate in a post-crisis environment.
Ta cilj je mogoče doseči zlasti z absorpcijo izgub z razpoložljivim kapitalom.
The Bank has given a commitment to limit lending to […] to underpin its more prudent business strategy.
Prejšnji lastniki družbe AIB so dosegli navidezno popolno delitev bremena.
The Bank is also strengthening its return to a more conservative traditional banking model where it will substantially fund its loan portfolio through customer deposits with a projected LDR below [95-120] % at the end of the restructuring period under the alternative base scenario.
Delničarji so bili odstranjeni, država pa ima zdaj v lasti 99,8 % banke.
That target is the result of the ambitious and well-achieved deleveraging plan and relatively prudent assumptions regarding the evolution of the volume of deposits.
Komisija zato meni, da je delitev bremena med prejšnjimi lastniki pomembna in ustrezna.
The Commission notes positively that the Bank projects not to be overly dependent on wholesale funding and institutional funding sources, such as ECB funding, according to the alternative base scenario.
Trenutno ostaja v banki le manjši znesek podrejenega dolga (tj. približno 34 milijonov EUR dne 31. decembra 2012) […].
improved levels of profitability
Podrejeni upniki so torej ustrezno prispevali h kritju stroškov prestrukturiranja.
With regard to the return to profitability, the plan sets out an appropriate mix of planned actions.
Poleg tega je banka pomembno prispevala h kritju stroškov prestrukturiranja s prodajo hčerinskih družb in deležev [65].
New lending will be granted at higher interest rates.
S tem je banka k omejitvi pomoči na najmanjšo potrebno prispevala 3,3 milijarde EUR temeljnega kapitala prvega reda.
In addition, the pricing of (back-book) loans and deposits will be improved where possible.
Banka plačuje redno 10-odstotno nadomestilo za instrumente pogojnega kapitala in 8-odstotno nadomestilo za preferenčne delnice (v gotovini ali z izdajo novih nadomestnih navadnih delnic).
These measures, together with the discontinuation of the ELG scheme guarantee fees, will enable the Bank to progressively drive the recovery of its NIM.
Ob upoštevanju navedenega je Komisija sklenila, da načrt prestrukturiranja banke določa ustrezen lasten prispevek in delitev bremena.
Furthermore, the Bank's planned actions, notably the staff severance programme [59] and the pay and benefits review, which aim at reducing its operating costs (by EUR [200-600] million by 2015 as compared to 2012 levels) will enable it to reach a more sustainable operating cost base in light of the Bank's prospects/ability to generate revenue.
Ukrepi za omejevanje izkrivljanja konkurence
Those actions, combined with the planned increase in income, will help the Bank to significantly improve its cost income ratio (forecasted at [45-55] % in 2017 as compared to 123 % in 2012).
V oddelku 4 sporočila o prestrukturiranju je določeno, da mora načrt prestrukturiranja vključevati ukrepe za omejevanje izkrivljanja konkurence.
In that respect, the Commission welcomes the commitment given by Ireland on the reduction of the Bank's operating costs by EUR [200-600] million by 2015 as compared to 2012 and the commitment that the cost income ratio will not exceed [45-65] % (unless GDP growth is below 2 %, in which event the cost income ratio will not exceed [50-70] %).
Ti ukrepi morajo obravnavati izkrivljanja na trgih, na katerih upravičenec deluje po prestrukturiranju.
The Bank forecasts progressively decreasing impairment charges over the restructuring period under the alternative base scenario.
V obravnavanem primeru je treba zagotoviti, da lahko morebitni novi udeleženci brez težav vstopajo na koncentrirani irski trg bančnih storitev za povečanje konkurenčnosti.
This decreasing trend is considered appropriate given that (i) the expected economic recovery in Ireland should slowdown the pace of new defaulted loans, (ii) the projected increase in house prices should limit loss severity on mortgage loans and (iii) the Bank's strengthened credit management activities [60] should accelerate/improve loans collections and loans restructuring.
Banka se zavezuje, da bo med julijem 2014 in junijem 2017 izvajala nekatere ukrepe za zaščito konkurence, in sicer zagotavljanje svežnja storitev in svežnja za mobilnost strank zadevnim konkurentom [67].
In that respect, the Commission welcomes the commitment given by Ireland in relation to the Bank's qualitative and quantitative restructuring targets relating to the SME and mortgage loan portfolio.
Namen svežnja storitev je znižanje stroškov vstopa ali stroškov širitve konkurenta.
Under the alternative base scenario, the Bank will not return to profitability before 2016.
Banka bo upravičencu do svežnja storitev po povečanih stroških (stroški, ki nastanejo neposredno ob opravljanju zadevne storitve) zagotovila podporo za več podpornih funkcij (npr. kliring, obravnavanje transakcij v papirni obliki), upravičenec pa se lahko odloči za naložbe v lastno infrastrukturo šele pozneje, ko bo njegov krog strank dovolj velik, da bo lahko kril fiksne stroške.
Notwithstanding the impact of impairment charges, the Bank's profitability is structurally weak due to a large legacy portfolio of low-yielding assets (tracker mortgages and NAMA bonds).
Ta upravičenec bo lahko po povečanih stroških dostopal tudi do mreže bančnih avtomatov banke in svojim strankam takoj zagotovil nacionalno pokritost.
As a result, the ROE will remain low until the end of the restructuring period, reaching only [5-15] % in 2017.
Sveženj mobilnosti za stranke bo upravičencem znižal stroške pridobivanja strank.
The Commission considers nevertheless that the Bank is on the right path to reach more competing ROE levels/profitability in the future, as the new lending with higher margins and the re-priced (back-book) loans will progressively compensate the drag on profitability stemming from those low-yielding legacy assets.
Upravičenci bodo prek banke stopili v stik s strankami banke in jim predstavili alternativne produkte za njihove tekoče račune, osebne kreditne kartice, poslovne tekoče račune, poslovne kreditne kartice, hipoteke ter posojila za MSP in družbe.
a strong capital buffer
Opisani ukrepi zagotavljajo okvir za spodbujanje novih vstopov na irski trg bančnih storitev in tako omejujejo izkrivljanje konkurence zaradi pomoči, dodeljene banki.
Finally, the Commission notes positively that the Bank is a well-capitalised institution which has a comfortable capital buffer up until the end of the restructuring period.
Poleg tega je Komisija zadovoljna z zavezami Irske, ki se nanašajo na nekatere poslovne omejitve v obdobju prestrukturiranja, zlasti zgornjo mejo za posojila v znesku […] leta […] in […].
Under the alternative base scenario, the Bank will maintain a capital buffer of EUR [2-6] billion in 2017 with a minimum regulatory capital requirement of 8 % (and EUR [3-8] billion with a 5,5 % threshold), which would enable the Bank to absorb further losses if the economic recovery of Ireland is lower than forecasted.
Prepoved prevzema bo zagotavljala tudi, da se državna pomoč ne bo uporabila za prevzem konkurentov, ampak se bo uporabljala za predvideni namen, tj. financiranje postopka prestrukturiranja.
Furthermore, the Bank has EUR 1,6 billion of CoCos available to strengthen its capital base if needed.
Poleg tega bo banka spoštovala zaveze glede ravnanja, povezane s prepovedjo oglaševanja in sponzoriranja [68].
The Commission takes note that the Bank plans to redeem the 2009 Preference shares [61] before the end of the restructuring period.
V skladu z oddelkom 5 sporočila o prestrukturiranju je treba Komisiji redno pošiljati podrobna poročila, da bi lahko preverila ustrezno izvajanje načrta prestrukturiranja.
Until 13 May 2014, redemption is at par, and after that date a step up of 25 % will be applied.
Imenovan bo skrbnik spremljanja, ki bo Komisiji redno poročal o tem, kako banka izvaja načrt prestrukturiranja in ali spoštuje dane zaveze.
It is envisaged that the amount of the Preference Shares would be redeemed to the State, who would immediately reinvest the same amount in the form of equity (ordinary shares) in the Bank.
Ob upoštevanju zavez in daljnosežnih ukrepov prestrukturiranja, ki jih banka že izvaja, ter glede na ustreznost lastnega prispevka in delitve bremena, kot je bilo ugotovljeno zgoraj, Komisija meni, da se izvaja dovolj zaščitnih ukrepov za omejitev morebitnega izkrivljanja konkurence kljub visokemu znesku pomoči, dodeljene družbama AIB in EBS pred združitvijo in po njej.
As a consequence, there will be no change to the size of the Bank's balance sheet.
SKLEPNA UGOTOVITEV O OBSTOJU POMOČI IN ZDRUŽLJIVOSTI
However, the Bank's capital structure will be improved in light of the new Basel III rules [62].
Ukrepi od „a“ do „o“ iz preglednice 3 se štejejo za pomoč za prestrukturiranje v smislu člena 107(1) Pogodbe.
Moreover, the State's stake in the Bank will increase marginally from its current level of 99,8 % as a consequence of that operation.
Ob upoštevanju zavez Irske je Komisija sklenila, da je načrt prestrukturiranja banke v skladu s sporočilom o prestrukturiranju, da je pomoč za prestrukturiranje omejena na najmanjšo potrebno in da je izkrivljanje konkurence ustrezno obravnavano.
conclusion
Pomoč za prestrukturiranje je torej združljiva z notranjim trgom v skladu s členom 107(3)(b) Pogodbe.
The initiatives already undertaken by AIB (i.e. deleveraging, cost reductions, improved funding profile) combined with those planned throughout the restructuring period in order to restore its profitability (i.e. new lending at higher price/re-pricing of back-book loans and deposits, further staff related cost reductions and strengthened credit management activities [63]) are appropriate regarding the nature of the Bank's financial difficulties [64].
V skladu s tem je Komisija –
Accordingly, the restructuring plan convincingly sets out the right strategy for the Bank's return to long-term viability.
SPREJELA NASLEDNJI SKLEP:
The combination of the actions described above appears apt to ensure the Bank's future viability without further State support.
Člen 1
However, the Bank's return to profitability might be protracted until the end of the restructuring period due to the Bank's low-yielding legacy assets.
Naslednji ukrepi pomenijo državno pomoč v skladu s členom 107(1) Pogodbe:
Therefore, the Bank's ROE, under the alternative base case scenario, remains at a comparatively low level, even at the end of the restructuring period, but shows a moderate upward trend.
ukrepi, sprejeti v korist družbe AIB
Taking into account the above elements, the Commission concludes overall that the restructuring plan of the Bank convincingly sets out the path to restoring its long-term viability.
jamstva v okviru sheme CIFS v vrednosti do 133 milijard EUR;
Limiting aid to the minimum: own contribution and burden sharing
jamstva v okviru sheme ELG v vrednosti do 62,5 milijarde EUR;
Section 3 of the Restructuring Communication indicates that an appropriate contribution by the beneficiary is necessary to limit the aid to a minimum and to address distortions of competition and moral hazard.
ukrep finančne pomoči za oslabljena sredstva (prenos 20,4 milijarde EUR na agencijo NAMA), ki vključuje ocenjeni znesek pomoči 1,6 milijarde EUR;
To that end, it provides that (i) the amount of aid should be limited and (ii) a significant own contribution is necessary.
dokapitalizacija v obliki preferenčnih delnic maja 2009 za znesek 3,5 milijarde EUR;
The Restructuring Communication further provides that, to keep the aid limited to the minimum, the bank should first use its own resources to finance the restructuring.
dokapitalizacija v obliki novega lastniškega kapitala decembra 2010 za znesek 3,7 milijarde EUR;
The costs associated with the restructuring should not only be borne by the State but also by those who invested in the bank.
državno jamstvo za nujno likvidnostno pomoč do drugega četrtletja 2011 za znesek [5–15 milijard EUR],
That objective is achieved in particular by absorbing losses with available capital.
ukrepi, sprejeti v korist družbe EBS
Quasi full burden sharing has been achieved from the former owners of AIB.
jamstva v okviru sheme CIFS v vrednosti do 14,4 milijarde EUR;
Shareholders have been wiped out and the State currently owns 99,8 % of the Bank.
jamstva v okviru sheme ELG v vrednosti do 8,0 milijarde EUR;
The Commission therefore considers that the amount of burden-sharing from the former owners is significant and adequate.
ukrep finančne pomoči za oslabljena sredstva (prenos 0,9 milijarde EUR na agencijo NAMA), ki vključuje ocenjeni znesek pomoči 0,1 milijarde EUR;
With regard to subordinated debt holders, a series of Liability Management Exercises/Debt Buy Backs were carried out between 2009 and 2011, which have contributed EUR 5,4 billion of Core Tier 1 capit al (buy back of Tier 1 and Tier 2 instruments).
dokapitalizacija v obliki posebnih investicijskih delnic maja in decembra 2010 za znesek 0,625 milijarde EUR;
Currently, only a marginal amount of subordinated debt remains in the Bank (i.e. around EUR 34 million at 31 December 2012) […].Therefore, subordinated creditors have adequately contributed to bearing the restructuring costs.
dokapitalizacija z neposredno donacijo v obliki zadolžnic decembra 2010 za znesek 0,25 milijarde EUR;
Moreover, the Bank has contributed significantly to bearing the restructuring cost by selling subsidiaries and participations [65].
državno jamstvo za nujno likvidnostno pomoč za znesek [0–5 milijard EUR],
By doing so, the Bank contributed EUR 3,3 billion of Core Tier 1 Capital to limit the aid to the minimum necessary.
ukrepi, sprejeti v korist banke (združeni subjekt)
The Bank pays a fixed remuneration of 10 % on the CoCos and 8 % on the preference shares (in cash or through the issuance of new ordinary shares in lieu).
dokapitalizacija v obliki navadnih delnic julija 2011 za znesek 5 milijard EUR;
In addition, a step up of 25 % is applied on the preference shares if the Bank does not repurchase them up to 13 May 2014.
dokapitalizacija v obliki pogojnih kapitalskih zapisov julija 2011 za znesek 1,6 milijarde EUR;
The Commission considered that remuneration as appropriate, albeit at a low level, in the light of AIB's/the Bank's distressed situation [66].
dokapitalizacija v obliki kapitalskega prispevka julija 2011 za znesek 6,1 milijarde EUR.
Considering the above, the Commission concludes that the Bank's restructuring plan provides for appropriate own contribution and burden-sharing.
Državna pomoč iz odstavka 1 je ob upoštevanju načrta prestrukturiranja in zavez iz Priloge združljiva z notranjim trgom v skladu s členom 107(3) Pogodbe.
Measures limiting the distortions of competition
Člen 2
Section 4 of the Restructuring Communication requires that the restructuring plan contains measures limiting distortions of competition.
Irska zagotovi celovito izvajanje načrta prestrukturiranja, ki je bil predložen 28. septembra 2012, in naknadnih sprememb načrta, vključno z zavezami iz Priloge.
Such measures should address the distortions on the markets where the beneficiary operates after restructuring.
Člen 3
In the present case it needs to be ensured that potential new entrants can easily enter the concentrated Irish banking market to boost competition.
Ta sklep je naslovljen na Irsko.
The Bank commits to operate between July 2014 and June 2017 certain competition measures, namely the provision to relevant competitors [67] of a Services Package and a Customer Mobility Package.
V Bruslju, 7. maja 2014
The Service Package aims at reducing the cost of entry or the cost of expansion of a competitor.
Za Komisijo
In particular, the beneficiary of the Service Package will receive support for several back-up functions (such as clearing, treatment of paper transactions) at incremental cost by the Bank (costs directly incurred by the provision of that service), and may then decide to invest in its own infrastructure only at a later stage when its customer base is large enough to absorb fixed costs.
Podpredsednik
That beneficiary will also access the Bank's ATM network at incremental cost, immediately offering a national coverage to its customers.
UL C 214, 7.8.2010, str. 3.
The Customer Mobility Package will reduce the costs of customer acquisition for its beneficiaries.
Sklep Komisije v zadevi N 241/09, Recapitalisation of Αllied Irish Bank by the Irish State (Dokapitalizacija banke Αllied Irish Bank s strani irske države) (UL C 223, 16.9.2009, str. 2).
The beneficiaries will contact the Bank's customers, via the Bank, and will present them with alternative products for their current accounts, personal credit card products, business current accounts, business credit cards, mortgages and SME and corporate loans.
Sklep Komisije v zadevi N 553/10, Second emergency recapitalisation in favour of Allied Irish Banks plc (Druga nujna dokapitalizacija v podjetje Allied Irish Banks plc) (UL C 76, 10.3.2011, str. 4).
Although it is difficult to predict how many customers of the Bank will decide to switch their banking products to the beneficiaries of the measure, this customer approach is more targeted and less costly than general advertising measures.
Bruto kapitalski injekciji sta znašali 3,9 milijarde EUR oziroma 6,3 milijarde EUR, vključno s provizijama v znesku 0,2 milijarde EUR pri vsaki kapitalski injekciji, ki ju je družba AIB vrnila irski vladi.
The measures described above provide a framework to stimulate new entry on the Irish banking market and hence limit the distortions of competition caused by the aid granted to the Bank.
Sklep Komisije je omogočil šestmesečno dokapitalizacijo kot sanacijski ukrep na podlagi predložitve posodobljenega načrta prestrukturiranja.
In addition, the Commission views positively the commitments given by Ireland which relate to certain business restrictions during the restructuring period, in particular the cap on lending to […] in […] and […].
Drugi obrok dokapitalizacije, predviden februarja, ni bil plačan.
The acquisition ban will also ensure that the State aid will not be used to take over competitors, but to serve its intended purpose, namely to finance the restructuring process.
Sklep Komisije v zadevi N 160/10, Recapitalisation of EBS (Dokapitalizacija podjetja EBS) (UL C 217, 11.8.2010, str. 2).
Moreover, the Bank will respect behavioural commitments relating to a ban on advertising and sponsorship [68].
Sklep Komisije v zadevi C 25/10 (ex-N 212/10), Restructuring of Educational Building Society (Prestrukturiranje podjetja Educational Building Society) (UL C 300, 6.11.2010, str. 17).
Implementation and monitoring
UL C 195, 19.8.2009, str. 9.
Finally, Section 5 of the Restructuring Communication requires that detailed regular reports are made available to the Commission so that it can verify that the restructuring plan is being implemented properly.
Aprila 2012 je bilo sklenjeno, da mora poleg družbe AIB in banke BoI družba Permanent TSB ostati dejavno kot tretji domači posojilodajalec.
A monitoring trustee will be appointed who will provide regular reports to the Commission on the implementation of the restructuring plan by the Bank and the respect of the commitments given.
Sklep Komisije v zadevi SA.33296, Emergency recapitalisation in favour of the merged entity Educational Building Society/Allied Irish Banks plc (Nujna dokapitalizacija v združeni subjekt Educational Building Society/Allied Irish Banks plc) (UL C 268, 10.9.2011, str. 3).
Taking into account the commitments, the far-reaching restructuring measures already implemented by the Bank and in light of the appropriateness of the own contribution and burden-sharing as set out above, the Commission considers that there are sufficient safeguards to limit potential distortions of competition despite the high amount of aid granted to AIB and EBS before and after their merger.
Načrt je bil evidentiran pod številko zadeve SA.29786.
CONCLUSION ON THE EXISTENCE OF AID AND COMPATIBILITY
Najpomembnejši dopolnilni prispevki so bili predloženi 10. in 11. januarja, 13. februarja ter 20. in 27. marca 2014 ter so se nanašali na finančne napovedi.
The measures ‘a’ to ‘o’ listed in Table 3 are considered to be restructuring aid within the meaning of Article 107(1) of the Treaty.
Glej opombo 2.
In view of the commitments made by Ireland, the Commission concludes that the restructuring plan for the Bank is in line with the Restructuring Communication, the restructuring aid is limited to the minimum necessary and competition distortions are sufficiently addressed.
Glej opombo 10.