natgillin/translations-raw huggingface dataset:
CGD will in 2014 use [50-60] % of its excess capital and [90-100] % of excess capital in 2015 and in the following years to repay the EUR 900 million of CoCos.
Portugalska se je poleg navedenih strukturnih ukrepov zavezala tudi k več omejitvam glede ravnanja.
The repayment mechanism limits the buffer of capital that CGD can hold on its balance sheet and thereby ensures that the aid will over the restructuring period remain limited to the minimum necessary.
Komisija je seznanjena z navedenimi zavezami glede ravnanja iz oddelka 6 zavez, kot sta prepoved oglaševanja državne podpore in prepoved agresivnih poslovnih praks, s katerima se banki CGD preprečuje, da bi pomoč izkoristila za protikonkurenčno ravnanje na trgu.
It is furthermore important to note that the sale of the insurance arm will free regulatory capital and hence make it more likely that CGD will have excess capital that can be used for the repayment of the CoCos, thus also contributing to the restructuring costs by its own means.
Pozdravlja zlasti prepoved prevzemov, ki zagotavlja, da se državna pomoč ne bo uporabila za prevzemanje konkurentov, temveč za določen namen, in sicer ponovno vzpostavitev uspešnega poslovanja banke CGD.
However, the Commission notes that CGD did not comply with the dividend ban but paid out dividends in the amount of EUR 405415, in contravention of the commitment given by Portugal in the context of the Rescue Decision.
Skratka, Komisija meni, da so uvedeni zadostni zaščitni ukrepi za omejitev morebitnega izkrivljanja konkurence, zlasti z vidika uporabe točke 14 sporočila o podaljšanju iz leta 2011, kot posledice dogodkov, ki so povzročili potrebo po državni pomoči, kot je blažilnik državnega dolga, ki ga je določil EBA.
The aim of the dividend and coupon bans is to prevent the outflow of funds, thereby ensuring that the aid can be repaid and hence that State aid is limited to the minimum necessary.
Spremljanje
To that end, shareholders of the bank as well as holders of hybrid capital and subordinated debt should as far as possible be excluded from the potential benefit of the State aid.
V skladu z oddelkom 5 sporočila o prestrukturiranju se zahtevajo redna poročila, na podlagi katerih lahko Komisija preveri, ali se načrt za prestrukturiranje ustrezno izvaja.
As CGD was in a position to pay out dividends, it was demonstrated that the aid amount was not limited to the minimum necessary.
Poleg tega bo pravilno izvajanje načrta prestrukturiranja ter popolno in pravilno izvajanje vseh navedenih zavez stalno spremljal neodvisen, ustrezno usposobljen skrbnik spremljanja.
The information that CGD provided in the course of the misuse investigation procedure has not changed the Commission’s assessment in the Opening Decision that the payments qualified as dividend payments which fell under the dividend ban of the Rescue Decision or shown a legal obligation to make the payment which would have allowed for a payment of dividends under the Rescue Decision.
SKLEPNE UGOTOVITVE
The Commission concludes that the aid measures in the amount of EUR 1650 million were limited to the minimum necessary, with the exception of an amount of EUR 405415 that was used for dividend payments.
Ob upoštevanju zavez, ki jih je sprejela Portugalska, se ugotavlja, da je pomoč za prestrukturiranje omejena na najmanjšo potrebno, da je izkrivljanje konkurence zadostno obravnavano in da je predloženi načrt prestrukturiranja primeren za ponovno vzpostavitev dolgoročnega uspešnega poslovanja banke CGD.
In that respect the Commission takes in particular note of the commitment by CGD to pay back to Portugal an amount equaling the dividend payment and therefore the amount by which the aid granted exceeded the minimum necessary.
Pomoč za prestrukturiranje bi bilo treba razglasiti za združljivo z notranjim trgom na podlagi člena 107(3)(b) Pogodbe –
Given that commitment, the aid is deemed to have been limited to the minimum necessary.
SPREJELA NASLEDNJI SKLEP:
In addition, the Commission notes that Portugal has committed to a ban on dividend, coupon and interest payments (see Section 6.7 of the Commitments).
Člen 1
Point 24 of the Restructuring Communication furthermore stipulates that an adequate remuneration of State capital is also a means of achieving burden-sharing.
Državna pomoč, ki jo sestavljata vpis novoizdanih navadnih delnic banke CGD v višini 750 milijonov EUR s strani Portugalske in vpis pogojno zamenljivih obveznic, ki jih je banka CGD izdala v višini 900 milijonov EUR, s strani Portugalske, je ob upoštevanju zavez iz Priloge, združljiva z notranjim trgom.
As established in recital (76), the Commission considers that the capital provided in form of CoCos is adequately remunerated.
Člen 2
Limiting distortions of competition
Portugalska v dveh mesecih po uradnem obvestilu o tem sklepu Komisijo obvesti o ukrepih, ki jih je sprejela za uskladitev s tem sklepom.
Finally, section 4 of the Restructuring Communication requires that the restructuring plan contains measures limiting distortions of competition.
Člen 4
Such measures should be tailor-made to address the distortions on the markets where the beneficiary bank operates post-restructuring.
Ta sklep je naslovljen na Portugalsko republiko.
The nature and form of such measures depend on two criteria:
V Bruslju, 23. julija 2013
first, the amount of the aid and the conditions and circumstances under which it was granted and, second, the characteristics of the markets on which the beneficiary will operate.
Za Komisijo
Furthermore, the Commission must take into account the extent of the benficiary’s own contribution and burden-sharing over the restructuring period.
Podpredsednik
The Commission recalls that CGD has received State aid in the form of capital injections and CoCos in the amount of EUR 1650 million.
UL C 116, 23.4.2013, str.
As the CoCos are adequately remunerated, only moderate measures are necessary to limit potential distortions of competition.
Glej opombo 1.
The proportionate downsizing of CGD in terms of balance sheet size, geographical footprint and staff will contribute to limiting competition distortions.
UL L 83, 27.3.1999, str.
In addition to those structural measures, Portugal also committed to several behavioural constraints.
V tem sklepu finančne informacije, ki se nanašajo na banko CGD, na splošno temeljijo na parametrih skrbnega in varnega poslovanja, ki jih banka CGD uporablja za predložitev zadevnih finančnih informacij Banki Portugalske (Banco de Portugal) v okviru svojih regulativnih obveznosti in interno za finančne napovedi, ki se redno posodabljajo za vsako poslovno enoto.
The Commission takes note of those behavioural commitments set out in Section 6 of the Commitments, such as a ban on advertising State support and a ban on aggressive commercial practices, preventing CGD from using the aid for anti-competitive market conduct.
Računovodski parametri vključujejo vse podružnice ne glede na njihovo vključitev v regulativni obseg portugalske centralne banke.
It in particular welcomes an acquisition ban, which ensures that the State aid will not be used to take over competitors, but that it will instead serve its intended purpose, namely to restore CGD’s viability.
Obveznosti do strank.
In sum, the Commission considers that there are sufficient safeguards to limit potential distortions of competition, in particular in light of the application of point 14 of the 2011 Prolongation Communication as a consequence of the events leading to the necessity for State aid, namely the EBA sovereign buffer.
Obveznosti, zmanjšane za obveznosti do strank ali centralne banke, v skupnem seštevku.
Monitoring
Odločitev v zadevi SA.34055 (11/N) z dne 30. maja 2012 (UL C 249, 18.8.2012, str.
Pursuant to section 5 of the Restructuring Communication, regular reports are required to allow the Commission to verify that the restructuring plan is being implemented properly.
5).
Moreover, the correct implementation of the Restructuring Plan and the full and correct implementation of all commitments contained in the Commitments will be continuously monitored by an independent, sufficiently qualified Monitoring Trustee.
Zaupne informacije.
CONCLUSION
Glej uvodno izjavo 25 sklepa o novi shemi dokapitalizacije za kreditno institucijo na Portugalskem SA.
In view of the commitments made by Portugal it is concluded that the restructuring aid is limited to the minimum necessary, that competition distortions are sufficiently addressed and that the submitted restructuring plan is apt to restore CGD’s long-term viability.
34055 (11/N) z dne 30. maja 2012.
The restructuring aid should be found compatible with the internal market pursuant to Article 107(3)(b) of the Treaty,
Sklep z dne 17. decembra 2012, zadeva SA.
HAS ADOPTED THIS DECISION:
35747 (12/N) (UL C 43, 15.2.2013, str.
Article 1
21).
The State aid consisting of the subscription by Portugal of newly issued ordinary shares in the amount of EUR 750 million from CGD and the subscription by Portugal of convertible instruments issued by CGD in an amount of EUR 900 million is compatible with the internal market, in the light of the commitments set out in the Annex.
Glej sporočilo za javnost 10191/11 Sveta Evropske unije z dne 17. maja 2011,http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/122072.pdf
Article 2
UL C 195, 19.8.2009, str.
Portugal shall ensure that the restructuring plan submitted on 15 October 2012 and complemented by the submission of 19 July 2013 is implemented in full, including the commitments set out in the Annex and in accordance with the schedule set out in that Annex.
9.
Article 3
UL C 356, 6.12.2011, str.
Portugal shall inform the Commission within two months of notification of this Decision of the measures taken to comply with it.
7.
Article 4
Priporočila Sveta ECB o določanju cen dokapitalizacije z dne 20. novembra 2008.
For the Commission
ZAVEZE BANKE CAIXA GERAL DE DEPÓSITOS, S.A.
13.
Opredelitev pojmov
See footnote 1.
V tem dokumentu, razen če sobesedilo zahteva drugačen pomen, ednina vključuje tudi množino (in obratno), pomen izrazov z veliko začetnico, uporabljenih v tej prilogi, pa je naslednji:
OJ L 83, 27.3.1999, p.
Izraz
1.
Pomen
CGD has also used those prudential perimeters for all financial information in its restructuring plan, as well as for that in the Funding and Capital Plans which are regularly submitted to the International Monetary Fund (‘IMF’), the European Central Bank ( ‘ECB’), and the European Commission ( ‘the Troika’).
Pomeni razvoj posebnih rešitev za vlaganje hranilnih vlog prebivalstva (upravljanje vzajemnih in pokojninskih skladov ter razvoj rešitev, prilagojenih posameznim naložbenim potrebam) in institucionalnih strank, med katere spadajo pokojninski skladi, zavarovalnice, podjetja in javne institucije (upravljanje naložbenih portfeljev glede na zahteve stranke, bodisi s sledenjem referenčnemu merilu bodisi s spremljanjem rešitev absolutnega donosa).
However, CGD Group publishes its yearly accounts in the annual reports using accounting perimeters.
Bančno zavarovalništvo
Accounting perimeters include all subsidiaries independently of their inclusion in the Portuguese Central Bank regulatory scope.
Pomeni partnerstvo med banko in tretjo zavarovalnico, pri katerem banka prek svoje mreže za poslovanje s prebivalstvom prodaja produkte zavarovalnice.
In case of CGD, the most relevant difference between the prudential perimeters and the accounting perimeters is related to Caixa Seguros e Saúde (‘Caixa Seguros’), the holding company of the insurance and health business units, which in the prudential perimeters is included by the equity method.
BCG Španija
In order to better allow for a comparison with publically available data, some of the financial information in this decision is therefore provided based on accounting perimeters, in which case, however, it is always clearly marked as such.
Banco Caixa Geral, S.A.
Liabilities to clients.
(Španija), navedena tudi kot poslovanje s prebivalstvom v Španiji.
Total liabilities less liabilities to either clients or the Central bank.
Pomeni glavno podružnico banke CGD, ki je dejavna v zavarovalništvu.
Decision in case SA.34055 (11/N) of 30.5.2012, OJ C 249, 18.8.2012, p.
Razmerje med stroški in prihodki
5.
Pomeni razmerje med operativnimi stroški (stroški dela in PSA) in prihodki iz poslovanja (vsota čistih prihodkov iz obresti, prihodkov iz provizij, prihodkov iz kapitalskih instrumentov, prihodkov iz finančnih transakcij in vseh drugih prihodkov iz poslovanja).
Confidential information.
Zaveze
BPN was nationalised in 2008 and sold in 2011.
Pomeni zaveze, sprejete v zvezi s prestrukturiranjem banke CGD, ki so navedene v tem dokumentu.
Some of its assets have been transferred to CGD.
Bančno poslovanje s podjetji
See recital 25 of the decision on the New Recapitalisation Scheme for Credit Institutions in Portugal SA.
Pomeni bančne storitve, ki se ponujajo podjetjem, bodisi velikim bodisi MSP.
34055 (11/N) of 30.5.2012.
Delež kritja tveganih posojil
Decision of 17 December 2012, case SA.
Pomeni delež kritja tveganih posojil z nakopičenimi rezervacijami za izgube pri posojilih.
35747 (12/N), OJ C 43, 15.2.2013, p.
Ključna regija
21.
Pomeni domačo ključno regijo (Portugalsko) in mednarodno ključno regijo (navedeno v odstavku 4.2.2.1).
See press release 10191/11 of the Council of the European Union, 17.5.2011.http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/122072.pdf
Tvegana posojila
OJ C 195, 19.8.2009, p.
Kot so opredeljena v navodilu št. 16/2004 (prečiščena različica z dne 31. maja 2013 – vključuje spremembo na podlagi navodila št. 23/2011) Banke Portugalske, pri čemer ustrezajo vsoti naslednjih elementov:
9.
skupne vrednosti, dolgovane v zvezi s posojili, katerih plačilo glavnice ali obresti zamuja za najmanj 90 dni.
OJ C 356, 6.12.2011, p.
Posojila na tekočem računu, ki niso bila predhodno sklenjena, se štejejo za tvegana posojila, če negativno stanje na računu traja 90 dni;
7.
skupne vrednosti neodplačanih posojil, ki so bila prestrukturirana, potem ko niso bila plačana najmanj 90 dni, brez ustreznega zavarovanja (za kritje celotnega zneska neodplačane glavnice in obresti) ali popolnega plačila vseh zapadlih obresti in drugih stroškov s strani posojilojemalca;
ECB Governing Council recommendations on the pricing of recapitalisations of 20 November 2008.
skupne vrednosti posojila z obroki glavnice ali obresti, ki niso plačani manj kot 90 dni, vendar v zvezi z njimi obstajajo dokazi, ki upravičujejo njihovo uvrstitev med tvegana posojila, vključno s stečajem ali likvidacijo dolžnika;
As of the relevant reference date when the aid measure was granted.
v primeru dolžnikove plačilne nesposobnosti se lahko izterljivi zneski prenehajo šteti za tvegane, potem ko sodišče to odobri v zadevnem sporazumu na podlagi zakona o plačilni nesposobnosti in izterjavi v podjetjih (Código de Insolvência e Recuperação de Empresas), če ni nikakršnih dvomov o dejanski možnosti izterjave dolgovanih zneskov.
ANNEX
Sklep
COMMITMENTS CAIXA GERAL DE DEPÓSITOS, S.A.
Pomeni Sklep Evropske komisije z dne 24. julija 2013 o prestrukturiranju banke CGD, v okviru katerega so sprejete te zaveze.
Background
Upravitelj odprodaje
This document sets out the terms (the ‘Commitments’) for the restructuring of Caixa Geral de Depósitos S.A.
Ena ali več fizičnih ali pravnih oseb, neodvisnih od banke CGD, ki jih odobri Komisija in določi banka CGD ter ki jih je slednja izključno pooblastila za prodajo banke Caixa Seguros kupcu.
(‘CGD’ or ‘the Bank’), which the Portuguese Republic and CGD have committed to implement.
Upravitelj odprodaje ščiti legitimne finančne interese banke CGD v skladu z njeno brezpogojno obveznostjo, da odproda […].
Definitions
Zaposleni
In this document, unless the context requires otherwise, the singular shall include the plural (and vice versa) and the capitalized terms used herein have the following meanings:
Pomeni vsako osebo, ki ima z banko CGD sklenjeno pogodbo o zaposlitvi.
Term
Odkup terjatev
Meaning
Pomeni finančno transakcijo, s katero podjetje svoje terjatve (tj. izdane račune) po znižani ceni proda tretji osebi (ki se imenuje prevzemnik terjatve).
Asset management
Sestavljeni produkt, ki ponuja mešanico finančnih storitev, kreditnega zavarovanja in storitev finančnega upravljanja (izterjave).
means the development of specialized solutions to invest the savings of the retail (management of mutual and pension funds, and development of solutions tailored for individual investment needs) and institutional clients that include pension funds, Insurance Companies, Corporates and Public Institutions (management of investment portfolios based on customer requirements, either tracking a benchmark or following absolute return solutions)
Mednarodne bistvene dejavnosti
Bancassurance
Opredeljene so v odstavku 4.2.2.2.
means a partnership between a bank and a third party insurance company whereby the Bank sells insurance company products through its retail network
Investicijsko bančništvo
BCG Spain
Pomeni posebne finančne storitve za podjetja in institucionalne stranke, vključno s svetovanjem pri združitvah in prevzemih podjetij, financiranjem projektov, financiranjem za podjetja (financiranje prevzemov, strukturirano financiranje, obveznice, komercialni zapisi, listinjenje itd.), poslovanjem na trgih lastniškega kapitala (prve javne ponudbe, razpisne ponudbe, transakcije, povezane z lastniškim kapitalom itd.) in upravljanjem tržnega tveganja (z varovanjem in rešitvami strukturiranega financiranja).
Banco Caixa Geral, S.A.
Poleg tega vključuje tudi zagotavljanje storitev finančnega posredništva ter raziskovalna poročila institucionalnim vlagateljem in posameznim zasebnim vlagateljem, posredništvo v zvezi z vrednostnimi papirji s stalnim donosom in sindiciranje strukturiranih posojil.
(Spain) also referred to as the Spanish retail operation
KKU
means CGD’s main subsidiary active in insurance business
Ključni kazalniki uspešnosti
C/I ratio
Zakup
means the ratio of operating expenses (labour and SG&A costs) to operating income (the sum of net interest income, commission income, revenues from capital instruments, revenues from financial operations, and any other income from operations)
Pomeni pogodbo, s katero lahko posameznik ali podjetje dobi v uporabo nekatera osnovna sredstva, za katera mora plačati več pogodbenih obrokov, pri čemer ima možnost, da ob izteku pogodbe sredstva odkupi.
Commitments
Pomeni neto razmerje med posojili in vlogami.
mean the undertakings related to the restructuring of CGD set out in this document
Skrbnik spremljanja ali skrbnik
Corporate banking
Opredeljen je v odstavku 6.10 in Dodatku I k temu dokumentu.
means the banking services offered to corporations, either large corporations or SMEs
Ustvarjanje novih posojil
Coverage ratio of credit at risk
Vključuje vsa na novo sklenjena posojila, razen vseh predhodno pogodbeno zavezanih posojil ali novih posojil, ki so nujna za ohranjanje vrednosti zavarovanja posojila ali kako drugače povezana z zmanjševanjem kapitalskih izgub in/ali zviševanjem pričakovane vrednosti vračila posojila.
means the coverage ratio of credit at risk with accumulated loan loss provisions
Delež slabih posojil med novimi posojili
Core Region
Pomeni ustvarjena nova posojila, pri katerih plačilo obresti in/ali glavnice zamuja za 90 dni ali več/portfelj novih posojil skupaj.
means the Domestic Core Region (Portugal) and the International Core Region (as set out in clause 4.2.2.1)
Trgovanje za lastni račun
Credit at risk
Pomeni redne trgovalne dejavnosti banke CGD, ki niso povezane s poslovanjem s strankami, z uporabo lastnega kapitala banke in njene bilance stanja.
as defined in instruction no 16/2004 (consolidated version as of the 31 May 2013 – includes the revision introduced by instruction 23/2011) of the Bank of Portugal, corresponding to the sum of the following elements:
Obdobje prestrukturiranja
total value owed on the loans that have payments of principal or interest overdue for a period of at least 90 days.
Obdobje, opredeljeno v odstavku 3.3.
Current account loans that have not been previously contracted shall be considered as credit at risk when the overdraft has existed for 90 days;
Najem
total value of outstanding loans that have been restructured, after having been unsettled by a period not less than 90 days, without adequate collateral reinforcement (covering the full amount of principal and interest outstanding) or full payment by the borrower of all interest and other charges that were due;
Pomeni dogovor, pri katerem se plača začasna uporaba blaga (zlasti vozila), ki je v lasti nefinančne družbe, običajno skupaj z zagotavljanjem različnih povezanih storitev.
total value of credit with instalments of principal or interest overdue for less than 90 days, but on which there is evidence to justify its classification as credit at risk, including the bankruptcy or liquidation of the debtor.
Načrt prestrukturiranja
In case of insolvency of the debtor, the recoverable balances may cease to be considered at risk after approval by a court of law in the respective agreement under the Code of Insolvency and Corporate Recovery (Código de Insolvência e Recuperação de Empresas), if no doubts persist about the effective collectability of the amounts due.
Pomeni načrt, ki ga je banka CGD prek Portugalske republike predložila Evropski komisiji, kakor je bil nazadnje spremenjen in dopolnjen s pisnimi sporočili z dne 19. julija 2013.
Decision
Sanacijski ukrepi
means the decision of 24 July 2013 of the European Commission on the restructuring of CGD in the context of which these Commitments are undertaken
Pomeni ukrep ali več ukrepov, na podlagi katerih bo lahko banka CGD izpolnila zastavljeni cilj ali več ciljev.
one or more natural or legal person(s), independent from CGD, approved by the Commission and appointed by CGD and who has received from CGD the exclusive mandate to sell Caixa Seguros to a purchaser.
Skrbnik spremljanja bo analiziral predlagane sanacijske ukrepe in Komisiji poročal o njihovi ustreznosti za izpolnitev ciljev iz načrta prestrukturiranja.
The Divestiture Trustee shall protect the legitimate financial interests of CGD, subject to CGD’s unconditional obligation to divest […].
RWA
Employee
Pomeni tveganju prilagojeno aktivo, ki se izračuna na konsolidirani osnovi v skladu z zadevnimi portugalskimi predpisi in ki jo je Banka Portugalske odobrila na datum sprejetja Sklepa.
means any person that has a contract of employment with CGD
MSP
Factoring
Pomeni malo in srednje podjetje, katerega promet ni večji od 50 milijonov EUR, njegova kreditna izpostavljenost banki CGD pa ne presega 1 milijona EUR.
means a financial transaction whereby a business sells its accounts receivable (i.e. invoices) to a third party (called a factor) at a discount.
Pomeni tvegano vrednost, kazalnik tveganja portfelja, kot ga je v spremembi iz leta 1996 opisal Baselski odbor za bančni nadzor.
A composite product offering a mix of finance, credit insurance and financial management services (collections).
Pri izračunu se podatki nanašajo na metodologijo pretekle simulacije, pri kateri se uporabijo podatki za desetdnevno obdobje posedovanja, 99-odstotni interval zaupanja in 501 trgovalni dan (kar ustreza dveletnemu obdobju).
International Instrumental Activities
Tvegani kapital
has the meaning set out in clause 4.2.2.2
Pomeni zagotavljanje finančnega kapitala novoustanovljenim družbam, zlasti tistim z velikim potencialom rasti, v zameno za lastniški delež v podjetju.
Investment banking
Splošno
means specialised financial services provided to corporate and institutional customers, including advisory in corporate mergers and acquisitions, project finance, corporate finance (acquisition finance, structured finance, bonds, commercial paper, securitisation, etc.), equity capital markets operations (IPOs, tender offers, equity-linked transactions, etc.) and market risk management (through hedging and structured finance solutions).
Portugalska mora zagotoviti, da bo načrt prestrukturiranja banke CGD izveden pravilno in v celoti.