natgillin/translations-raw huggingface dataset:
Those commitments will guarantee that the pricing of loans will be based on a pricing policy establishing minimum RoE rules for all loans, thereby limiting the possibility for the bank to lend at below market price as a result of external influences.
Kapitalski vložki države bodo sproščeni šele po dokončanem izbrisu imetnikov podrejenih dolžniških instrumentov.
They establish adequate safeguards to prevent conflicts of interest, to ensure that strategy and decisions are business-oriented and are neither biased by objectives other than value maximisation nor subject to improper external influence.
Po tretji dokapitalizaciji bo torej 100 % delnic banke v lasti države, pred prvo dokapitalizacijo marca 2011 pa je imela v lasti 33,1 % delnic.
Planned changes to the corporate governance will make the bank less vulnerable to external influence and at the same time will introduce more market discipline through enhanced control and transparency in management decisions.
Točka 24 sporočila o prestrukturiranju določa, da je ustrezno nadomestilo za državni kapital tudi sredstvo za porazdelitev bremena.
NLB will further review its incentive and remuneration policies in order to ensure that they do not encourage unreasonable risk-taking and are geared towards long-term and sustainable goals.
Komisija v zvezi s prvo in drugo dokapitalizacijo ugotavlja, da sta bili izvedeni po cenah v skladu z načeli o porazdelitvi bremena [21].
Moreover, the total remuneration to any board member and employee performing special work will be capped, until 31 December 2017, in line with points (37) to (39) of the 2013 Banking Communication which will facilitate timely execution of the Restructuring Plan.
Po tretji dokapitalizaciji iz načrta prestrukturiranja bo v lasti države 100 % banke, breme bo torej porazdeljeno v največji možni meri.
Additionally Slovenia commits to divest its shareholding in NLB to […] % by […] to an investor that is independent and unconnected to the Republic of Slovenia.
Komisija je tudi že ugotovila, da bo država za prenos oslabljenih sredstev na DUTB prejela ustrezno nadomestilo.
That divestment will significantly reduce the external influence in the bank's management and business activities.
Poleg tega je vzpostavljen mehanizem za poplačilo kapitala, ki bo omogočil izplačevanje dividend državi v letih 2015, 2016 in 2017 v največji možni meri, ne da bi bile pri tem ogrožene regulativne kapitalske zahteve banke.
b.
Slovenija se je poleg teh strukturnih ukrepov zavezala tudi, da bo uvedla prepoved izplačevanja kuponov, prevzemov ter oglaševanja in agresivne poslovne prakse.
Strengthening the pricing policies and risk management framework
Komisija ugotavlja, da zaveza glede neizplačevanja kuponov ne velja za kapitalske instrumente, ki so bili izdani na novo, če zaradi izplačila kuponov na takšne kapitalske instrumente ne bo nastala pravna obveznost izplačevanja kuponov na vrednostne papirje NLB, ki obstajajo v trenutku sprejetja tega sklepa [22].
NLB will enhance its pricing policies and risk management framework in particular through a number of rules and measures aiming at protecting the best business interests of the bank.
Komisija se strinja s to omejitvijo prepovedi izplačevanja kuponov, saj bo tako lahko skupina v skladu s točko 26 sporočila o prestrukturiranju na trgu zbrala nov hibridni kapital.
Those measures include the training of the staff, the scoring of clients, the pricing of the new production and the review of the credit risk process.
Izdaja podrejenih obveznic po datumu sprejetja tega sklepa bo banki omogočila, da zbere dodatna sredstva in hibridni kapital, ne da bi pri tem morala izplačati kupone na obstoječe obveznice, zlasti na obstoječ podrejen dolg.
In particular the pricing of new loans will lead by 31 December 2017 to a positive RoE of at least […] % on each client relationship.
Banka bo z omejitvijo prepovedi izplačevanja kuponov lahko izdala dodatni temeljni kapital v skladu z uredbo EU o kapitalskih zahtevah, zaradi česar bo morda potrebovala manj kapitala v obliki lastniškega kapitala.
That pricing will be progressively phased in, starting at […] % RoE on each client relationship in 2014 and reaching […] % by 31 December 2017.
V zvezi s tem je treba poudariti, da morajo biti kuponi neobvezni, prav tako pa se ne sme zahtevati, da dolžniški instrumenti štejejo za temeljni kapital v skladu z uredbo EU o kapitalskih zahtevah.
The resulting improvement in NLB's pricing policies and risk management framework is appropriate and necessary in order to implement more rigorous credit policies on new lending and a more conservative provisioning policy.
Ugotoviti je mogoče tudi, da po popolnem odpisu lastniškega kapitala delničarjev in neporavnanega podrejenega dolga v banki ne bo več lastniškega kapitala in neporavnanega podrejenega dolga.
Those reforms address NLB's weakness that led to a poor quality of its loan portfolio, an excessive level of non-performing loans and a high cost of credit.
Omejitev prepovedi izplačevanja kuponov ne razvrednoti koristnega učinka prepovedi izplačevanja kuponov, kot je predviden v sporočilu o prestrukturiranju, saj bo zaveza NLB, da zaradi plačila kuponov na nove instrumente ne bo nastala pravna obveznost izplačevanja kuponov na obstoječe vrednostne papirje NLB, preprečila nepotrebno odtekanje kapitala.
By addressing those causes of low profitability, those measures contribute to the long-term viability of NLB.
Zato porazdelitev bremena med imetnike lastniškega kapitala, hibridnih instrumentov in podrejenega dolga, zmanjšanje stroškov, odprodaja in ustrezno nadomestilo za pomoč pomenijo ustrezen lastni prispevek NLB k stroškom prestrukturiranja.
The Restructuring Plan also includes an organisational separation of non-core business from the core-business of NLB.
Komisija zato ugotavlja, da načrt prestrukturiranja določa ustrezen lastni prispevek in porazdelitev bremena.
That reorganisation of the bank will enable NLB to streamline its core activities.
Ukrepi za omejevanje izkrivljanja konkurence
That separation will also allow it to implement a more specialised approach to running off the bank's non-core business and to manage its non-performing assets so as to maximise recovery value.
Oddelek 4 sporočila o prestrukturiranju zahteva, da mora načrt prestrukturiranja vsebovati ukrepe za omejevanje izkrivljanja konkurence.
c.
Takšni ukrepi morajo biti prilagojeni obravnavanju izkrivljanj na trgih, na katerih banka upravičenka po prestrukturiranju posluje.
Rebalancing the business toward less risky activities
Narava in oblika takih ukrepov se določita na podlagi dveh meril:
As a result of the Restructuring Plan, NLB's RWA will decrease from EUR 11,1 billion at 31 December 2012 to EUR [5-10] billion at 31 December 2017.
prvič, na podlagi višine pomoči ter pogojev in okoliščin, v katerih je bila pomoč dodeljena, in drugič, na podlagi značilnosti trgov, na katerih bo poslovala upravičenka.
The reduction of RWA, in particular in the bank's most problematic sectors of financial holdings, transport companies and construction companies, ensures that the risk associated with those exposures will decrease over the restructuring period.
Poleg tega mora Komisija upoštevati tudi višino lastnega prispevka upravičenke in porazdelitev bremena v obdobju prestrukturiranja.
NLB will transfer a portfolio of EUR 2,3 billion impaired loans to the BAMC enabling NLB to focus on the management of the performing loans, while releasing resources for the workout of the remaining non-performing loans.
NLB je prejela državno pomoč v obliki kapitalskih vložkov in ukrepov za oslabljena sredstva v višini 2,321 milijarde EUR, kar je enako 20 % tveganju prilagojene aktive NLB [23].
NLB's future strategy will refocus its activities on a more conservative business with core segments of banking services to retail, SME and selected corporate banking in Slovenia.
Ustrezno nadomestilo pomoči in potreba po izvajanju ukrepov za omejitev morebitnega izkrivljanja konkurence sta potrebna zlasti ob upoštevanju razmeroma visokega zneska pomoči.
That development will be achieved through substantial divestments and reductions of non-core businesses releasing resources for the core activities.
Prvi ukrep, ki bo omejil izkrivljanja konkurence, je odprodaja deležev NLB v […].
d.
Z odprodajo […] se bo tržni delež NLB zmanjšal […].
Repairing the balance sheet structure
Odprodaja […] NLB bo prispevala tudi k omejitvi tržnega deleža NLB in odprtju trga konkurentom.
NLB already received capital injections by the State in March 2011 and in July 2012.
Zmanjšanje prisotnosti NLB na trgu v segmentu posojil poslovnim sektorjem gradbeništva, prevoza in finančnih holdingov bo mogoče z letnimi omejitvami tveganju prilagojene aktive v teh sektorjih.
With the additional third recapitalisation NLB is able to comply with the capital requirements of the Bank of Slovenia, enabling its return to viability.
Poleg tega bo NLB prenehala z izvajanjem lizinga, faktoringa, forfetiranja in stranskih dejavnosti v Sloveniji in tujini, s čimer se bo nadalje omejil morebiten učinek prelivanja prejete državne pomoči v dejavnosti, ki niso njene osrednje bančne dejavnosti.
The amount of the third recapitalisation takes into account the needs of the bank resulting from the AQR/ST.
NLB bo z izvajanjem svojih dejavnosti nadaljevala pod pogoji, ki omejujejo izkrivljanje konkurence.
After that recapitalisation the Core Tier 1 ratio of the bank under the CRR will immediately reach 15 % and a level of [10-20] % by 31 December 2017, largely exceeding the capital requirement set by the Bank of Slovenia at 9 % Core Tier 1 ratio under the CRR.
NLB z izboljšanimi politikami upravljanja tveganja in učinkovitejšo posojilno politiko z boljšim oblikovanjem cen, s čimer bo do 31. decembra 2017 donosnost lastniškega kapitala pri novih posojilih [10–20]-odstotna, kot banka, ki se pretežno ukvarja z eno dejavnostjo, svojim strankam ne bo nudila pretirano ugodnih pogojev.
Further, NLB will clean its balance sheet through the transfer of a substantial portfolio of non-performing and impaired assets to the BAMC.
Navedeni elementi prispevajo k uspešnemu poslovanju NLB, omejujejo pa tudi izkrivljanje konkurence.
NLB will enhance its funding profile by the reduction of intra-group funding for its subsidiaries, the divestment of non-core activities and the refocusing on its historical funding base of retail deposits.
Slovenija se je zavezala, da bo uvedla prepoved prevzemov, ki bo NLB preprečila, da bi pomoč uporabila za pridobivanje novih poslov.
Loan-to-deposit ratios will strengthen from 105 % in 2012 to [70-80] % at 31 December 2017.
Poleg tega je vzpostavljen mehanizem za poplačilo kapitala, ki bo NLB omogočal izplačevanje dividend državi v letih 2015, 2016 in 2017 v največji možni meri, ne da bi bile pri tem ogrožene regulativne kapitalske zahteve banke.
e.
Mehanizem za poplačilo kapitala zagotavlja, da bo banka s kapitalom, ki bo presegal regulativne kapitalske zahteve ali katere druge regulativne zahteve, pred opravljanjem novih dejavnosti najprej poplačala državo.
Restoring long-term profitability
Slovenija se je poleg teh strukturnih ukrepov zavezala tudi, da bo uvedla sklop omejitev glede ravnanja, ki bodo preprečile izkrivljanje konkurence.
The restoration of long-term profitability will result from the strategic repositioning of the bank to its core basic banking business to retail, SME and selective corporate banking in Slovenia allowing the bank to meet its RoE targets.
Komisija pozdravlja prepoved oglaševanja državne podpore in agresivne poslovne prakse, ki bo NLB preprečil, da bi pomoč uporabila za financiranje protikonkurenčnega tržnega ravnanja.
The bank will improve its net interest margin by ensuring that new lending will be adequately priced.
Ob upoštevanju vseh teh ukrepov in zavez je vzpostavljenih dovolj zaščitnih ukrepov za omejevanje morebitnih izkrivljanj konkurence glede na višino zneska pomoči NLB.
NLB will also document all restructuring decisions.
V skladu z oddelkom 5 sporočila o prestrukturiranju, dopolnjenim v sporočilu o bančništvu iz leta 2013, bo Komisija zahtevala redna poročila, da bo lahko preverila, ali se načrt prestrukturiranja ustrezno izvaja.
It will include in the documentation a comparison with alternative solutions such as execution of collateral and termination of the engagement.
Slovenija bo imenovala skrbnika spremljanja, ki bo Komisiji vsakih šest mesecev predložil poročilo o spremljanju.
It will demonstrate that it has chosen the solution which maximises the net present value for the bank.
Da se zagotovi ustrezno izvajanje načrta prestrukturiranja v celotnem obdobju njegovega izvajanja, bodo slovenski organi sprejeli vse potrebne ukrepe za zagotavljanje, da NLB izpolnjuje zaveze iz sporazuma o uskladitvi osnovnih pogojev prestrukturiranja.
NLB is also planning a far-reaching cost-reduction programme through a significant consolidation of its business premises and branch network and a reduction in personnel, as well as by improving operational efficiency, pursuing risk-adjusted profitability-driven client acquisition and optimising liquidity and other costs.
Poleg tega bo pravilno izvajanje načrta prestrukturiranja ter popolno in pravilno izvajanje vseh zavez iz sporazuma o uskladitvi osnovnih pogojev prestrukturiranja, priloženega temu sklepu, redno spremljal neodvisen, ustrezno usposobljen skrbnik spremljanja.
As a result the restructuring plan foresees a reduction of the cost-income ratio to less than 60 %, comparable to the levels attained by the bank pre-crisis.
Skrbnik spremljanja bo imel neomejen dostop do vseh informacij, potrebnih za spremljanje izvajanja tega sklepa.
By 31 December 2017 NLB will achieve a RoE after taxes of [5-10] % and a Core Tier 1 ratio under the CRR of [10-20] %.
Komisija ali skrbnik spremljanja lahko od NLB zahteva razlago in pojasnila.
NLB's profits after taxes will amount to EUR [100-150] million in 2017.
Slovenija in NLB bosta v zvezi z vsemi vprašanji, povezanimi s spremljanjem, v celoti sodelovali s Komisijo in skrbnikom spremljanja.
The Commission therefore considers that the restructuring plan is apt to restore NLB's long-term viability.
Komisija zato odpravlja pomisleke Komisije glede združljivosti načrta prestrukturiranja, ki jih je izrazila v drugem sklepu o reševanju in sklepa o začetku postopka.
Own contribution and burden-sharing
SKLEPNE UGOTOVITVE
The Restructuring Communication supplemented by the 2013 Banking 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.
Komisija ugotavlja, da prva, druga in tretja državna dokapitalizacija NLB ter prenos oslabljenih sredstev na DUTB pomenijo pomoč za prestrukturiranje v korist NLB.
To that end, it provides (i) that both the restructuring costs and the amount of aid should be limited and (ii) that there should be a maximum burden-sharing by existing shareholders and subordinated creditors.
Komisija ugotavlja, da ukrepi za prestrukturiranje, ki jih sestavljajo prva, druga in tretja dokapitalizacija NLB ter prenos oslabljenih sredstev na DUTB, banki lahko omogočijo vzpostavitev dolgoročno uspešnega poslovanja, so zadostni v smislu porazdelitve bremena ter ustrezni in sorazmerni za odpravo učinkov zadevnih ukrepov pomoči, ki izkrivljajo trg.
Adequate burden-sharing will normally entail, after losses are first absorbed by equity, contributions by hybrid capital holders and subordinated debt holders.
Prva, druga in tretja dokapitalizacija ter prenos oslabljenih sredstev na DUTB se zato lahko odobrijo v skladu z načrtom prestrukturiranja –
Hybrid capital and subordinated debt holders must contribute to reducing the capital shortfall to the maximum extent.
SPREJELA NASLEDNJI SKLEP:
Such contributions can take the form of either a conversion into Common Equity Tier 1 [20] or a write-down of the principal of the instruments.
Člen 1
In any case, cash outflows from the beneficiary to the holders of such securities must be prevented to the extent legally possible.
Pomoč za prestrukturiranje, ki jo je NLB zagotovila Republika Slovenija in jo sestavljajo prva dokapitalizacija v višini 250 milijonov EUR, druga dokapitalizacija v višini 382,9 milijona EUR, tretja dokapitalizacija v višini 1558 milijonov EUR ter prenos oslabljenih sredstev na DUTB z elementom pomoči v višini 130 milijonov EUR, pomeni državno pomoč v smislu člena 107(1) Pogodbe o delovanju Evropske unije.
The Restructuring Plan does not contain any elements that suggest that the aid exceeds the means required to cover the costs resulting from the restoration of viability of NLB.
Pomoč za prestrukturiranje je ob izvajanju načrta prestrukturiranja in zavez iz Priloge združljiva z notranjim trgom.
The capital shortfall which needs to be covered by the third recapitalisation was determined on the basis of an AQR/ST.
Člen 2
That capital injection estimation is based in particular on an asset evaluation which shows that level to be necessary and sufficient to sustain a stress situation.
Ta sklep je naslovljen na Republiko Slovenijo.
The AQR/ST brought further certainty on the level of capital needed.
V Bruslju, 18. decembra 2013
The amount of the third recapitalisation makes it possible for the bank to meet its regulatory capital requirements and market expectations.
Za Komisijo
In addition, a capital repayment mechanism will be in place to limit the build-up of excess capital in NLB, under which NLB will have to pay dividends for the fiscal years 2015, 2016 and 2017 calculated on increasing percentage of any excess capital.
Podpredsednik
The capital repayment mechanism ensures that excess capital above minimum regulatory capital requirements will not permit the bank to enter into new business before repaying the State.
Sklep Komisije v zadevi SA.34937 (2012/C) (ex 2012/N) Druga dokapitalizacija NLB in SA.33229 (2012/C) (ex 2011/N) Prestrukturiranje NLB (UL C 361, 22.11.2012, str. 18).
Notwithstanding the dividend ban, in order to allow NLB d.d. to obtain dividends from its subsidiaries and to avoid the build-up of liquidity in them they may pay out dividends.
Sklep Komisije v zadevi SA.32261 (11/N) Dokapitalizacija za reševanje NLB (UL C 189, 29.6.2011, str. 2).
Those companies may make such dividend payments if NLB d.d. is — directly or indirectly — the majority shareholder and all external shareholders combined hold less than 15 % of shares and voting rights in the relevant company.
Glej opombo 1.
The Commission considers that the possibility for the subsidiaries to make such dividend payments to NLB d.d. contributes to maintain the aid amount to the minimum necessary, will allow an appropriate degree of flexibility for the efficient management of NLB's consolidated capital and liquidity and will facilitate the repayment of aid.
Uredba (EU) št. 575/2013 Evropskega parlamenta in Sveta z dne 26. junija 2013 o bonitetnih zahtevah za kreditne institucije in investicijska podjetja ter o spremembi Uredbe (EU) št. 648/2012 (UL L 176, 27.6.2013, str. 1).
The fact that, as a result of that, also minority shareholders of the subsidiaries would receive part of the dividends represents a proportionate spill-over effect compared to those benefits considering in particular the relative small amount of dividends eventually payable to all shareholders other than NLB d.d. which will not exceed of more than one-tenth the amount of dividends eventually payable to NLB d.d..
Ta kapitalski primanjkljaj vključuje kapitalski učinek prenosa sredstev na Družbo za upravljanje terjatev bank (v nadaljnjem besedilu: DUTB).
First, the commitments regarding the burden-sharing of shareholders and subordinated debt holders comply with the Restructuring Communication supplemented by the 2013 Banking Communication.
Glej podroben opis v uvodnih izjavah 16 do 22 prvega sklepa o reševanju.
In that respect, Slovenia committed that before any State aid is granted to NLB (i.e. the third recapitalisation and the transfer of impaired assets to the BAMC), the latter will write-down in full its shareholders' equity and outstanding subordinated debts so ensuring compliance with the requirements of 2013 Banking Communication.
Glej podrobnosti v uvodnih izjavah 23 do 31 drugega sklepa o reševanju in sklepa o začetku postopka.
The Commission positively notes that the contribution of subordinated debt holders is achieved to the maximum extent possible, thus ensuring adequate burden-sharing.
Direktiva 2013/36/EU Evropskega parlamenta in Sveta z dne 26. junija 2013 o dostopu do dejavnosti kreditnih institucij in bonitetnem nadzoru kreditnih institucij in investicijskih podjetij, spremembi Direktive 2002/87/ES in razveljavitvi direktiv 2006/48/ES in 2006/49/ES (UL L 176, 27.6.2013, str. 338).
The State capital injections will only be implemented after the complete implementation of the wipe-out of the subordinated debt holders.
Sporočilo Komisije o uporabi pravil o državni pomoči za podporne ukrepe v korist bank v okviru finančne krize od 1. avgusta 2013 dalje (v nadaljnjem besedilu: sporočilo o bančništvu) (UL C 216, 30.7.2013, str. 1).
That sequence ensures that all existing subordinated debt holders have to fully contribute to the restructuring costs of the bank prior to the State stepping in.
Zaupne informacije.
The State will thereby own 100 % of the bank's shares after the third recapitalisation compared to 33,1 % prior to the first capital injection by the State.
Na primer s teoretično ceno brez pravice vpisa (v nadaljnjem besedilu: TERP).
Second, point 24 of the Restructuring Communication provides that an adequate remuneration of State capital is also a means of achieving burden-sharing.
Finančne napovedi NLB, vključene v načrt prestrukturiranja, ne upoštevajo učinkov mehanizma za poplačilo kapitala.
As regards the first and the second recapitalisations, the Commission notes that they were conducted at prices compatible with the burden-sharing principles [21].
Sporočilo Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti (UL C 72, 26.3.2009, str. 1).
Concerning the third recapitalisation included in the Restructuring Plan, the State will own 100 % of the bank after the recapitalisation, thereby maximising the burden-sharing.
Glej uvodne izjave 91 do 104 drugega sklepa o reševanju in sklepa o začetku postopka z dne 2. julija 2012.
The Commission has also already established that the transfer of impaired assets to the BAMC is appropriately remunerated.
Glej uvodno izjavo 97 drugega sklepa o reševanju in sklepa o začetku postopka z dne 2. julija 2012.
Third, as regards covering the restructuring costs stemming from the Restructuring Plan through internal measures by NLB, NLB will carry out cost-cutting measures resulting in a decrease of operating costs from EUR 368 million at 31 December 2012 to EUR [250-300] million at 31 December 2017 in a base case scenario.
Sporočilo Komisije z dne 23. julija 2009 o ponovni vzpostavitvi uspešnega poslovanja in oceni ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči (UL C 195, 19.8.2009, str. 9).
The Restructuring Plan also provides for a divestment of at least [80-90] % of the bank's non-banking activities.
Glej uvodne izjave 34 do 41 prvega sklepa o reševanju ter uvodne izjave 61 do 66 drugega sklepa o reševanju in sklepa o začetku postopka.
In addition a capital repayment mechanism is put in place allowing payment of dividends to the State for the fiscal years 2015, 2016 and 2017 to a maximum extent without endangering the regulatory capital requirements of the bank.
Glej npr. Dokapitalizacija za reševanje NLB, zadeva SA.32261 (11/N);
Fourth, in addition to those structural measures, Slovenia also committed to a coupon ban, an acquisition ban and a ban on advertising and aggressive commercial practices.
Druga dokapitalizacija NLB, zadeva SA.34937 (2012/C) (ex 2012/N), in Prestrukturiranje NLB, zadeva SA.33229 (2012/C) (ex 2011/N);