natgillin/translations-raw huggingface dataset:
The FIH Group consists of FIH Holding and FIH Erhvervsbank, together with the latter’s wholly-owned subsidiaries.
Skupina FIH je sestavljena iz holdinga FIH in banke FIH Erhvervsbank ter hčerinskih družb v 100-odstotni lasti slednje.
Those subsidiaries are FIH Partners A/S (covering the business segment corporate finance), FIH Kapital Bank A/S (‘FIH Kapital Bank’) [8], FIH Realkredit A/S, which is a mortgage credit institution, and FIH Leasing and Finans A/S.
Te hčerinske družbe so FIH Partners A/S (ki pokriva poslovni segment podjetniškega financiranja), FIH Kapital Bank A/S (v nadaljnjem besedilu: FIH Kapital Bank) [8], FIH Realkredit A/S, ki je institucija za hipotekarne kredite, in FIH Leasing og Finans A/S.
FIH’s activities consist of three segments:
Dejavnosti banke FIH so sestavljene iz treh segmentov:
banking [9], markets [10] and corporate finance [11].
bančno poslovanje [9], trgi [10] in podjetniško financiranje [11].
As of 31 December 2012, FIH Holding was owned by the Danish Labour Market Supplementary Pension Fund which held 48,8 % of the shares of FIH Holding, by PF I A/S [12] which held 48,8 % of the shares, and by the Executive Board and executive employees who held 2,3 % of the shares, with FIH Holding itself holding 0,1 % of the shares.
Na dan 31. decembra 2012 je bil holding FIH v lasti danskega sklada za dodatno pokojninsko zavarovanje, ki je imel 48,8 % delnic holdinga FIH, družbe PF I A/S [12], ki je imela 48,8 % delnic, ter izvršilnega odbora in vodstvenega kadra, ki sta imela 2,3 % delnic, sam holding FIH pa je imel 0,1 % delnic.
At the end of 2011 FIH Group had a balance sheet of DKK 84,16 billion (EUR 11,28 billion) and its total capital ratio [13] was 17,8 % which increased to 21,2 % by 31 December 2012.
Ob koncu leta 2011 je bilančna vsota skupine FIH znašala 84,16 milijarde DKK (11,28 milijarde EUR), njen količnik kapitalske ustreznosti [13] pa je bil 17,8 %, ki se je do 31. decembra 2012 zvišal na 21,2 %.
On 31 December 2012 FIH had a balance sheet of DKK 60,76 billion (EUR 8,1 billion) [14] and risk weighted assets (‘RWA’) of DKK 29,84 billion (EUR 3,98 billion).
31. decembra 2012 je bilančna vsota banke FIH znašala 60,76 milijarde DKK (8,1 milijarde EUR) [14], tveganju prilagojena sredstva (v nadaljnjem besedilu: RWA) pa 29,84 milijarde DKK (3,98 milijarde EUR).
FIH is a focused niche bank specialising in medium-term financing as well as risk management advisory and corporate finance services for Danish enterprises with a balance sheet exceeding DKK 10 million (EUR 1,34 million).
Banka FIH je osredotočena nišna banka, specializirana za srednjeročno financiranje ter svetovanje na področju obvladovanja tveganj in podjetniško financiranje za danska podjetja, katerih bilančna vsota presega 10 milijonov DKK (1,34 milijona EUR).
Originally FIH’s banking activities covered three segments:
Bančne dejavnosti banke FIH so prvotno obsegale tri segmente:
Property Finance, Acquisition Finance and Corporate Banking.
nepremičninska posojila, posojila za prevzeme in bančno poslovanje za podjetja.
FIH constituted Denmark’s sixth-largest bank by working capital [15] at the time of the Rescue and Opening Decision, servicing more than 2000 banking customers at group level.
Banka FIH je bila v času sklepa o reševanju in začetku postopka šesta največja danska banka po obratnem kapitalu [15], saj je skrbela za več kot 2000 strank bančnega poslovanja na ravni skupine.
The market share of FIH in bank and mortgage lending at that time was estimated at 1,7 %.
Tržni delež banke FIH na področju bančnih in hipotekarnih posojil je bil tedaj ocenjen na 1,7 %.
It had a market share in SME/corporate lending of 2,5 %.
Njen tržni delež na področju posojil za MSP/podjetniških posojil je bil 2,5 %.
In June 2012 FIH had a market share of 2,1 % of the total market for lending to corporates (both banks and mortgage banks).
Banka FIH je imela junija 2012 2,1-odstotni delež celotnega trga za posojila za podjetja (banke in hipotekarne banke).
FIH Group has performed weakly in recent years.
Skupina FIH v zadnjih letih ni poslovala uspešno.
On 25 June 2009, it applied to the Danish Recapitalisation Scheme [16] and on 30 June 2009 it received a State-funded Tier 1 hybrid capital injection of DKK 1,9 billion in the form of a loan note.
25. junija 2009 se je prijavila za dansko shemo dokapitalizacije [16] in 30. junija 2009 je prejela kapitalsko injekcijo iz državnih sredstev kot hibridni kapital prvega reda v višini 1,9 milijarde DKK v obliki zadolžnice.
The coupon of that note amounted to 11,46 % per annum.
Kupon te zadolžnice je znašal 11,46 % na leto.
Over the entire year 2009 FIH Group reported a pre-tax loss of DKK 148 million (EUR 19,9 million).
Skupina FIH je za celotno leto 2009 izkazala izgubo pred obdavčitvijo v višini 148 milijonov DKK (19,9 milijona EUR).
Though FIH Group had a pre-tax profit of DKK 316 million (EUR 42,5 million) in 2010, that profit was mainly driven by non-recurring positive market value adjustments, including unrealised gains on an indirect holding.
Čeprav je imela skupina FIH leta 2010 dobiček pred obdavčitvijo v višini 316 milijonov DKK (42,5 milijona EUR), je bil ta dobiček ustvarjen predvsem z enkratnimi pozitivnimi popravki tržne vrednosti, vključno z nerealiziranimi dobički iz posrednih udeležb.
In 2011 FIH Group reported a pre-tax loss of DKK 1,27 billion (EUR 170 million) due to impairment charges on loans and negative market value adjustments.
Leta 2011 je skupina FIH izkazala izgubo pred obdavčitvijo v višini 1,27 milijarde DKK (170 milijonov EUR) zaradi stroškov oslabitev in negativnih popravkov tržnih vrednosti.
On 31 December 2012 it had a pre-tax loss of DKK 47 million (EUR 6,4 million).
Na dan 31. decembra 2012 je izguba pred obdavčitvijo znašala 47 milijonov DKK (6,4 milijona EUR).
For the end of 2013 a pre-tax profit of DKK 95 million (EUR 12,8 million) has been budgeted.
Za konec leta 2013 je bil predviden dobiček pred obdavčitvijo v višini 95 milijonov DKK (12,8 milijona EUR).
In 2013 the third quarter net profit for continuing operations before taxation was DKK 23,2 million (EUR 3,09 million).
V tretjem četrtletju leta 2013 je bil čisti dobiček iz nadaljujočega se poslovanja pred obdavčitvijo 23,2 milijona DKK (3,09 milijona EUR).
For total operations after taxation FIH recorded a loss of DKK 20,1 million (EUR 2,71 million) in 2012.
Banka FIH je za celotno poslovanje po obdavčitvi leta 2012 izkazala izgubo v višini 20,1 milijona DKK (2,71 milijona EUR).
In 2009 and in 2010 Moody’s downgraded FIH’s rating from A2 to Baa3.
Agencija Moody’s je v letih 2009 in 2010 bonitetno oceno banke FIH znižala z A2 na Baa3.
In 2010 the owners of FIH (the Icelandic Financial Supervisory Authority and the Central Bank of Iceland) [17] agreed to sell their shares in FIH to the current owners.
Leta 2010 sta se lastnika banke FIH (islandski finančni nadzorni organ in centralna banka Islandije) [17] dogovorila, da bosta svoja deleža v banki FIH prodala sedanjim lastnikom.
That new ownership was expected to bring about significant improvement to the credit rating of FIH, as the prior ownership by Kaupthing Bank hf had been one of the main concerns for Moody’s regarding FIH.
S tem novim lastništvom naj bi se bonitetna ocena banke FIH bistveno izboljšala, saj je bilo predhodno lastništvo s strani Kaupthing Bank hf eno od glavnih skrbi agencije Moody’s v zvezi z banko FIH.
However, mainly due to circumstances specific to FIH such as the refinancing of government-guaranteed bond issues, credit quality and exposure to the property sector, in 2011 Moody’s downgraded FIH further to B1 with negative outlook.
Vendar je agencija Moody’s leta 2011 predvsem zaradi okoliščin, specifičnih za banko FIH, kot so refinanciranje izdaj obveznic z državnim jamstvom, boniteta in izpostavljenost nepremičninskemu sektorju, dodatno znižala bonitetno oceno banke FIH na B1 z negativnimi obeti.
The rating downgrade in 2011 was in line with the market prices at that time for FIH bonds that did not benefit from a government guarantee:
Znižanje bonitetne ocene v letu 2011 je bilo v skladu s takratnimi tržnimi cenami za obveznice banke FIH brez državnega jamstva:
FIH’s 2-4 year debt was priced at spreads of 600-700 basis points (‘bps’) over the equivalent maturity EURIBOR-linked swap.
cena za 2–4-letni dolg banke FIH je bila v razponu 600–700 bazičnih točk nad zamenjavami z enako ročnostjo, vezanimi na EURIBOR.
THE EVENTS TRIGGERING THE AID MEASURES
DOGODKI, KI SO SPROŽILI UKREPE POMOČI
The resulting funding challenge was mainly caused by a decline in FIH’s credit rating and changed capital market conditions [18].
Prav tako ji je država na podlagi danske jamstvene sheme zagotovila kapitalsko injekcijo v obliki hibridnega kapitala prvega reda v višini 1,9 milijarde DKK (255 milijonov EUR).
In July 2009 FIH had already obtained liquidity assistance in the form of a government guarantee totalling DKK 50 billion (EUR 6,31 billion), which it had wholly utilised.
Banka FIH je imela na dan 31. decembra 2011 obveznice z državnim jamstvom v višini 41,7 milijarde DKK (5,56 milijarde EUR), kar je pomenilo 49,94 % bilančne vsote banke.
It had also obtained a Tier 1 hybrid capital injection of DKK 1,9 billion (EUR 255 million) from the State under the Danish Guarantee Scheme.
Zaradi teh obveznic z državnim jamstvom, ki naj bi zapadle v letih 2012 in 2013, je bila banka FIH pred težavo v zvezi s financiranjem.
As of 31 December 2011 FIH held government-guaranteed bonds amounting to DKK 41,7 billion (EUR 5,56 billion), which constituted 49,94 % of the balance sheet of the bank.
Organ FSA je v drugi polovici leta 2011 ocenil, da obstaja razmeroma veliko tveganje, da banka FIH v naslednjih 12 do 18 mesecih zaradi pričakovane nezmožnosti pridobitve financiranja z odprtih trgov ne bo sposobna izpolnjevati likvidnostnih zahtev.
With those State-guaranteed bonds maturing in 2012 and 2013, FIH was about to face a funding problem.
Banka FIH naj bi, da bi rešila te nastajajoče težave v zvezi z likvidnostjo, bistveno znižala svojo bilančno vsoto.
The FSA estimated, in the second half of 2011, that there was a relatively high risk that FIH would be unable to comply with liquidity requirements in the following 12-18 months as a result of its expected inability to obtain funding from the open markets.
UKREPI POMOČI
In order to address those emerging liquidity problems FIH was to carry out a substantial reduction of its balance sheet.
Za rešitev likvidnostnih težav, ki naj bi tedaj po pričakovanjih doletele banko FIH, je Danska julija 2012 predlagala kompleksen ukrep za oslabljena sredstva, da bi problematična sredstva segmenta nepremičninskih posojil banke FIH prenesli na novo hčerinsko družbo holdinga FIH (v nadaljnjem besedilu: Newco).
THE AID MEASURES
Danska se je obenem obvezala, da bo zagotovila financiranje in dokapitalizacijo družbe Newco, če bi bilo to potrebno.
To solve the liquidity problems that FIH was then expected to face, in July 2012 Denmark proposed a complex impaired asset measure to transfer problematic property finance assets of FIH to a new subsidiary of FIH Holding (‘Newco’).
„Ukrepi“ [19] so obsegali dve fazi pogodbe o nakupu delnic [20] in več ločenih dogovorov, na podlagi katerih so bila sredstva skupine FIH v višini približno 17,1 milijarde DKK (2,3 milijarde EUR ali 28 % celotnih sredstev banke FIH v času prenosa) prenesena na družbo Newco.
At the same time, Denmark committed to provide funding and recapitalisation to Newco whenever needed.
Družbo Newco [21] je nato kupila danska družba za finančno stabilnost (v nadaljnjem besedilu: družba FSC) [22], nakar naj bi bila pravilno likvidirana na podlagi odobrene danske sheme likvidacije [23] v skladu z načeli sheme [24].
The ‘measures’ [19] consisted of two phases of a share purchase agreement [20] and several side agreements under which assets of FIH Group amounting to approximately DKK 17,1 billion (EUR 2,3 billion or 28 % of total assets of FIH at the time of the transfer) were transferred to Newco.
V fazi 1 je bila izvedena razdružitev sredstev in obveznosti banke FIH Erhvervsbank in FIH Kapital Bank v družbo Newco, novo hčerinsko družbo v lasti holdinga FIH.
The winding-up process is expected to last until 31 December 2016 but it could take until 31 December 2019.
Začetne obveznosti družbe Newco so vključevale dve posojili (posojilo ena in posojilo dva) s preostalim deležem lastniškega kapitala v višini 2 milijard DKK.
The FSC was able to finance almost the entire capital amount of DKK 2 billion for the purchase of Newco through an early redemption of the DKK 1,9 billion Tier 1 hybrid capital loan note which had been granted to FIH [25] by the State in 2009.
Posojilo ena je bilo posojilo za absorbiranje izgube banke FIH družbi Newco v višini 1,65 milijarde DKK (221 milijonov EUR).
The FSA approved the repayment by FIH of the State capital injection on 2 July 2012, based on a solvency and liquidity analysis that included the asset transfer measure [26].
Družba Newco bo to posojilo banki FIH vrnila le, če bo izkupiček pri postopku likvidacije sredstev, prenesenih na družbo Newco, večji od nakupne cene družbe FSC v višini 2 milijard DKK (268 milijonov EUR).
In phase 1 there was a demerger of the assets and liabilities of FIH Erhvervsbank and FIH Kapital Bank into Newco, the new subsidiary owned by FIH Holding.
Kot plačilo za posojilo ena naj bi družba Newco plačala petletno obrestno mero danske državne obveznice plus 1,15-odstotni pribitek [27].
The assets transferred to Newco were real estate loans and securities amounting to DKK 15,2 billion (EUR 2,1 billion) and derivatives of DKK 1,6 billion (EUR 215 million).
Posojilo dva je bilo posojilo banke FIH Erhvervsbank družbi Newco v višini približno 13,45 milijarde DKK (1,8 milijarde EUR).
The initial liabilities of Newco consisted of two loans (Loan One and Loan Two) with a remaining equity part of DKK 2 billion.
Kot plačilo za posojilo dva naj bi družba Newco banki FIH plačala trimesečno obrestno mero DKK CIBOR plus 1,12-odstotni pribitek.
Loan One was a loss-absorbing loan from FIH to Newco of DKK 1,65 billion (EUR 221 million).
Zapadlost posojila dva se ujema z zapadlostjo posojil, ki jih je prehodno izdala banka FIH na podlagi državnega jamstva.
That loan will only be repaid by Newco to FIH if the winding-up process of the assets transferred to Newco generates proceeds in excess of the FSC’s purchase price of DKK 2 billion (EUR 268 million).
Posojilo dva in navedena ujemajoča se posojila so torej v celoti zapadla sredi leta 2013, na podlagi pogodbe pa je bilo dogovorjeno, da bo banka FIH, ko bo družba Newco odplačala posojila banki FIH, odplačala neporavnana posojila z državnim jamstvom.
As for remuneration for Loan One, Newco is to pay the five-year Danish Government Bond rate plus 1,15 % [27].
Ko je družba Newco banki FIH odplačala nominalni znesek posojila dva, je družba FSC zagotovila financiranje za družbo Newco v zneskih, ki so bili nujni za refinanciranje sredstev družbe Newco.
Loan Two was a loan from FIH Erhvervsbank to Newco of approximately DKK 13,45 billion (EUR 1,8 billion).
V fazi 2, ki je bila izvedena takoj po končanju faze 1, je družba FSC od holdinga FIH kupila vse delnice v družbi Newco.
As remuneration for Loan Two, Newco is to pay FIH the DKK CIBOR three-month rate plus 1,12 %.
Cena, ki jo je družba FSC prvotno plačala [28] holdingu FIH za družbo Newco, je bil lastniški kapital (čisto premoženje) na dan 1. januarja 2012, ki je znašal 2 milijardi DKK.
The maturity of Loan Two matches the maturity of loans which had previously been issued by FIH under the State guarantee.
Holding FIH je nato lahko uporabil denarne prihodke kot neposredna likvidna sredstva za odplačilo dela dolga z državnim jamstvom.
Loan Two and those matching loans thus fully matured in mid-2013 and it was contractually agreed that, as Newco repaid loans to FIH, FIH would repay outstanding loans that were guaranteed by the government.
Hkrati je prenos sredstev privedel do zamenjave nepremičninskih posojil s posojili za državno podprt subjekt, s čimer se je RWA banke FIH zmanjšal za približno 10 milijard DKK [29].
As the notional amount of Loan Two has been repaid by Newco to FIH, the FSC has provided funding to Newco in the amounts that were necessary to refinance Newco’s assets.
Poleg pogodbe o nakupu delnic ukrepi vključujejo več ločenih dogovorov med holdingom FIH in družbo FSC:
In phase 2, which was executed immediately after the completion of phase 1, the FSC bought all the shares in Newco from FIH Holding.
Holding FIH je 1. julija 2012 [30] družbi FSC dal neomejeno jamstvo za izgube, s katerim je zagotovil, da bodo ob prenehanju družbe Newco družbi FSC v celoti povrnjena vsa njena sredstva in kapital, ki jih je zagotovila družbi Newco.
The price initially paid [28] by the FSC to FIH Holding for Newco was the equity capital (net worth) as of 1 January 2012, which amounted to DKK 2 billion.
Plačilo za to jamstvo je vključeno v variabilno nakupno ceno pogodbe o nakupu delnic.
FIH Holding could then use the cash proceeds as immediate liquidity to pay back some of the government-guaranteed debt.
Družba FSC se je 1. julija 2012 obvezala, da bo ob zapadlosti posojila dva (sredi leta 2013) zagotovila financiranje za družbo Newco.
At the same time, the asset transfer led to a replacement of real estate loans by loans to a government-sponsored entity, thus reducing FIH’s RWA by about DKK 10 billion [29].
Družba FSC prejema obresti družbe Newco, ki so enake diskontni obrestni meri EU, povečani za 100 bazičnih točk.
In addition to the share purchase agreement, the measures include several side agreements between FIH Holding and the FSC:
Za izvajanje te obveze je družba FSC družbi Newco zagotovila 13 milijard DKK (1,64 milijarde EUR) sredstev posojila, za katere ne bo prejela provizije za posojilo.
on 1 July 2012 [30] FIH Holding gave an unlimited loss guarantee to the FSC guaranteeing that when resolving Newco the FSC would fully recover all its funding and the capital it had provided to Newco.
Družba FSC se je obvezala, da bo financirala in dokapitalizirala družbo Newco, če bi bilo to potrebno pred končno likvidacijo.
Remuneration for that guarantee is included in the variable purchase price of the share purchase agreement;
Družba FSC ima po pogodbi pravico, da se ji ob prenehanju družbe Newco povrne vsaj njena začetna naložba v višini 2 milijard DKK brez stroškov, ki sta jih pri tem poslu imeli banka FIH in družba FSC.
on 1 July 2012 the FSC committed to provide funding to Newco once Loan Two had matured (in mid-2013).
Če bo izkupiček pri postopku likvidacije nižji od nakupne cene v višini 2 milijard DKK, bo banka FIH razliko krila s posojilom ena, tj. posojilom za absorbiranje izgube, ali z jamstvom.
The FSC receives interest from Newco equivalent to the EU Base rate plus 100 bps.
Če bo izkupiček pri postopku likvidacije presegal 1,5 milijarde DKK, bo družba FSC prejela dodatnih 25 % kakršnega koli presežnega zneska poleg minimalnega zneska 2 milijard DKK, ki jih mora prejeti.
To implement that commitment, the FSC has provided Newco with a DKK 13 billion (EUR 1,64 billion) loan facility for which it will not receive any facility fee;
Kakršen koli dodatni presežni znesek bo plačan holdingu FIH.
the FSC has committed to fund and recapitalise Newco if it is necessary to do so prior to the final winding-up process.
V praksi to pomeni, da bo družba FSC, če bo končni iztržek manjši od 1,5 milijarde DKK, dobila 2 milijardi DKK.
At Newco’s resolution, the FSC is contractually entitled to recover at least its initial DKK 2 billion investment net of costs incurred by FIH and the FSC in the transaction.
Če bo na primer končni iztržek 1,9 milijarde DKK, bo družba FSC dobila 2,1 milijarde DKK.
If the winding-up process generates proceeds of less than the purchase price of DKK 2 billion, FIH will cover the difference by Loan One, the loss-absorbing loan, and by the guarantee respectively.
FORMALNI POSTOPEK PREISKAVE
If the proceeds of the winding-up process exceed DKK 1,5 billion, an additional 25 % of any excess amount will be paid to the FSC in addition to the DKK 2 billion minimal amount it is to receive.
Komisija je v sklepu o reševanju in začetku postopka izrazila dvome v zvezi s sorazmernostjo ukrepov, njihovo omejitvijo na potrebni minimum, zadostnim lastnim prispevkom skupine FIH in zadostno omejitvijo izkrivljanja konkurence.
Any additional excess amount will be paid to FIH Holding.
Ti pomisleki so izvirali iz velike zapletenosti ukrepov, ki so se zdeli po nepotrebnem zapleteni za rešitev prihodnjih izzivov glede likvidnosti banke FIH.
In practice, if the final proceeds are below DKK 1,5 billion, the FSC will obtain DKK 2 billion. if, for example, the final proceeds are DKK 1,9 billion, the FSC will receive DKK 2,1 billion.
Zlasti ni bilo jasno, v kakšnem obsegu so bili različni ločeni dogovori in medsebojna povezanost pri formulah plačila potrebni, ustrezni in dobro usmerjeni za namene sporočila o bančništvu iz leta 2008 [31].
THE FORMAL INVESTIGATION PROCEDURE
Dalje je banka FIH v času sklepa o reševanju in začetku postopka nameravala agresivno vstopiti na internetni trg vlog na drobno z izvajanjem strategije „cenovnega vodstva“.
In the Rescue and Opening Decision, the Commission raised doubts with regard to the proportionality of the measures, their limitation to the minimum necessary, whether there was an adequate own contribution by FIH Group and whether there was a sufficient limitation of the distortion of competition.
Ta vstop na internetni trg vlog na drobno je bila glavna komponenta strategije banke FIH za reševanje njenih težav v zvezi s financiranjem.
Those concerns originated from the high intricacy of the measures which appeared to be unnecessarily complicated to fix the future liquidity challenges of FIH.
Poleg tega se je za predlagano višino finančnih sredstev, ki naj bi bila plačana družbi FSC za prenesena sredstva in obveznosti, zdelo, da zelo verjetno ni v skladu z ravnjo finančnih sredstev iz točke 21 Sporočila o oslabljenih sredstvih [32], v skladu s katero bi morale banke v čim večjem obsegu kriti izgube, povezane z oslabljenimi sredstvi.
In particular it was unclear to which extent the various side agreements and the interconnectedness in the remuneration formula were necessary, appropriate and well-targeted for the purposes of the 2008 Banking Communication [31].
Točka 21 zahteva ustrezno plačilo državi za kakršne koli ukrepe finančne pomoči za oslabljena sredstva, da se zagotovita enaka odgovornost delničarjev in porazdelitev bremena ne glede na to, kateri model se izbere.
Further, at the time of the Rescue and Opening Decision FIH intended to aggressively enter the internet retail deposit market by pursuing a ‘price leadership’ role.
PRESTRUKTURIRANJE
That entry into the internet retail deposit market was a core component of FIH’s strategy to address its funding problems.
NAČRT PRESTRUKTURIRANJA
Furthermore, the suggested remuneration to be paid to the FSC for the transferred assets and liabilities appeared very unlikely to be in line with the remuneration level referred to in point 21 of the Impaired Asset Communication [32] according to which banks should bear the losses associated with impaired assets to the maximum extent.
neugodno gibanje deviznih tečajev, obrestnih mer itd. ter stroške oslabitev, ki ostajajo nad zgodovinskimi ravnmi v celotnem ciklusu poslovanja.
The plan includes a best case and a worst case scenario [33] with the aim of demonstrating FIH’s ability to restore its long-term viability, sufficient burden-sharing and adequate measures to address distortion of competition measures.
Poleg tega bodo postopno ukinjena posojila v njeni poslovni enoti za posojila za prevzeme.
The restructuring plan is based on assumptions in respect of the evolution of gross domestic product (‘GDP’) growth as projected by the International Monetary Fund (‘IMF’), and the evolution of short- and mid-term interest rates changes as based on the Danish Ministry of Business and Growth’s estimate of developments in short-term interest rates until 2014.
Bančno poslovanje za podjetja bo torej edina poslovna enota, ki bo nadaljevala s poslovanjem.
The plan assumes a moderate recovery of GDP growth in 2013 and thereafter.
Marca 2013 se je število zaposlenih s polnim delovnim časom zmanjšalo na 214.