natgillin/translations-raw huggingface dataset:
On 14 December 2011, France, Belgium and Luxembourg also notified to the Commission, as part of this set of new measures, a draft temporary guarantee by the Member States concerned in respect of the refinancing of Dexia SA and Dexia Crédit Local (‘DCL’).
Poleg tega so Belgija, Francija in Luksemburg v okviru tega sklopa novih ukrepov 14. decembra 2011 Komisiji priglasile predlog začasnega jamstva zadevnih držav članic za refinanciranje družbe Dexia SA in banke Dexia Crédit Local (v nadaljnjem besedilu: banka DCL).
By decision of 21 December 2011 (‘the temporary approval decision’) [18], in the interests of preserving financial stability, the Commission decided temporarily to approve the temporary refinancing guarantee until 31 May 2012.
Komisija je zaradi ohranitve finančne stabilnosti s sklepom z dne 21. decembra 2011 (v nadaljnjem besedilu: sklep o začasni odobritvi) [18] začasno odobrila začasno jamstvo za refinanciranje, in sicer do 31. maja 2012.
However, in that decision, the Commission opened a formal investigation procedure in relation to all the additional measures for the restructuring of Dexia since the adoption of the conditional authorisation decision (including the temporary refinancing guarantee) in view of the fact that the temporary refinancing guarantee, the acquisition of DBB/Belfius by Belgium and the failures to comply with the commitments and conditions of the conditional authorisation decision represented a substantial modification of Dexia’s restructuring conditions.
Komisija je s tem sklepom začela formalni postopek preiskave glede sklopa dodatnih ukrepov za prestrukturiranje skupine Dexia od sprejetja sklepa o pogojnem dovoljenju (vključno z začasnim jamstvom za refinanciranje), pri čemer je upoštevala dejstvo, da so začasno jamstvo za refinanciranje, pripojitev banke DBB/Belfius s strani Belgije ter neizpolnjene zaveze in pogoji iz sklepa o pogojnem dovoljenju pomenili znatne spremembe pogojev za prestrukturiranje skupine Dexia.
On 23 March 2012, Luxembourg notified the Commission of the sale of Dexia Banque Internationale à Luxembourg (‘Dexia BIL’).
Luksemburg je 23. marca 2012 Komisiji priglasil prodajo družbe Dexia Banque Internationale à Luxembourg (v nadaljnjem besedilu: družba Dexia BIL).
Some assets were excluded from the scope of the sale.
V to prodajo niso bila vključena nekatera sredstva družbe Dexia BIL.
Precision Capital SA — a Qatari investment group — was to acquire 90 % of Dexia BIL, and the remaining 10 % was to be acquired by the State of Luxembourg.
Skupina vlagateljev iz Katarja Precision Capital SA naj bi pridobila 90-odstotni delež te družbe, ostalih 10 % pa Luksemburg.
By decision of 3 April 2012 [19], the Commission opened a formal investigation procedure into the sale of Dexia BIL.
Komisija je s sklepom z dne 3. aprila 2012 [19] začela formalni postopek preiskave o prodaji družbe Dexia BIL.
By decision of 25 July 2012 [20], the Commission authorised the sale of Dexia BIL.
Komisija je s sklepom z dne 25. julija 2012 [20] odobrila prodajo družbe Dexia BIL.
On 21 and 22 March 2012, the Member States concerned notified to the Commission an initial orderly resolution plan for Dexia (‘the initial orderly resolution plan for Dexia’).
Zadevne države članice so 21. in 22. marca 2012 Komisiji priglasile prvotni načrt nadzorovanega reševanja skupine Dexia.
On 25 May 2012, the Member States concerned notified to the Commission a request to extend the issue window for the temporary refinancing guarantee until 30 September 2012.
Zadevne države članice so 25. maja 2012 Komisiji predložile prošnjo za podaljšanje obdobja izdaje začasnega jamstva za refinanciranje, in sicer do 30. septembra 2012.
On 31 May 2012, the Commission adopted two decisions.
Komisija je 31. maja 2012 sprejela dva sklepa.
In the second decision (‘the decision on the first prolongation of the guarantee’) [22], the Commission temporarily approved, until such time as it adopted a final decision on the orderly resolution plan for Dexia, an initial prolongation to 30 September 2012 of the issue window for the temporary guarantee by the Member States concerned in respect of the refinancing of Dexia SA and DCL, and at the same time extended the formal investigation procedure in respect of all the additional measures for the restructuring of Dexia opened by the temporary approval decision to this measure.
V drugem sklepu (v nadaljnjem besedilu: sklep o prvem podaljšanju jamstva) [22] je Komisija do sprejetja končnega sklepa o načrtu nadzorovanega reševanja skupine Dexia začasno odobrila prvo podaljšanje obdobja izdaje začasnega jamstva zadevnih držav članic za refinanciranje družbe Dexia SA in banke DCL do 30. septembra 2012 ter obenem razširila formalni postopek preiskave vseh dodatnih ukrepov za prestrukturiranje skupine Dexia, začet s sklepom o začasni odobritvi za ta ukrep.
On 7 September 2012 the Member States concerned notified to the Commission a request for a second prolongation to 31 January 2013 of the issue window for the temporary refinancing guarantee (with a guarantee ceiling of a maximum amount of EUR 55 billion in principal).
Zadevne države članice so 7. septembra 2012 Komisiji priglasile prošnjo za drugo podaljšanje obdobja izdaje začasnega jamstva za refinanciranje, in sicer do 31. januarja 2013 (pri čemer najvišji znesek glavnice zgornje meje jamstva znaša 55 milijard EUR).
In its decision of 26 September 2012 [24] (‘the decision on the second prolongation of the guarantee’), the Commission temporarily approved, until such time as it adopted a final decision on the orderly resolution plan for Dexia, the second prolongation of the issue window for the temporary guarantee by the Member States concerned in respect of the refinancing of Dexia SA and DCL until 31 January 2013, and extended the formal investigation procedure to include this measure.
V svojem sklepu z dne 26. septembra 2012 [24] (v nadaljnjem besedilu: sklep o drugem podaljšanju jamstva) je Komisija do sprejetja končnega sklepa o načrtu nadzorovanega reševanja skupine Dexia začasno odobrila drugo podaljšanje obdobja izdaje začasnega jamstva zadevnih držav članic za refinanciranje družbe Dexia SA in banke DCL do 31. januarja 2013 ter obenem razširila formalni postopek preiskave na ta ukrep.
On 17 December 2012, Belgium notified a letter of commitments in relation to the restructuring of DBB/Belfius.
Ta država je 17. decembra 2012 priglasila pismo z zavezami glede prestrukturiranja banke DBB/Belfius.
On 14 December 2012, the Member States concerned notified to the Commission a new orderly resolution plan for Dexia (‘the revised orderly resolution plan for Dexia’), to replace the initial orderly resolution plan for Dexia.
Zadevne države članice so 14. decembra 2012 Komisiji priglasile nov načrt nadzorovanega reševanja skupine Dexia (v nadaljnjem besedilu: spremenjeni načrt nadzorovanega reševanja skupine Dexia), ki je nadomestil prvotni načrt nadzorovanega reševanja skupine Dexia.
On 14 December 2012 the Member States concerned notified to the Commission a memorandum entitled ‘Memorandum from the French authorities to the European Commission’ relating to a ‘Presentation of the affiliation of DMA to the State, the Caisse des Dépôts et Consignations and La Banque Postale’ (‘the memorandum on the disposal of DMA’).
Zadevne države članice so 14. decembra 2012 Komisiji priglasile memorandum z naslovom „Memorandum francoskih organov Evropski komisiji“ v zvezi s „pridružitvijo družbe Dexia Municipal Agency državi, hranilnici in posojilnici Caisse des Dépôts et Consignations ter banki LBP“ (v nadaljnjem besedilu: memorandum o odprodaji družbe DMA).
On 17 December 2012 the Member States concerned also notified a letter of commitments relating to the revised orderly resolution plan for Dexia and a letter of commitments relating to the operation to dispose of Dexia Municipal Agency (‘DMA’).
Poleg tega so zadevne države članice 17. decembra 2012 priglasile pismo z zavezami glede spremenjenega načrta nadzorovanega reševanja skupine Dexia in pismo z zavezami glede ukrepa odprodaje družbe Dexia Municipal Agency (v nadaljnjem besedilu: družba DMA).
Procedure relating to the revocation of the conditional authorisation decision
Postopek v zvezi s preklicem sklepa o pogojnem dovoljenju
In recital 104 of the conditional authorisation decision, the Commission noted that the Member States concerned considered that the decision by certain historical shareholders of Dexia, such as Arcofin, to participate in the bank’s capital increase did not contain any State aid elements.
Komisija je v uvodni izjavi 104 sklepa o pogojnem dovoljenju ugotovila, da po mnenju zadevnih držav članic odločitev nekaterih preteklih delničarjev skupine Dexia, kot je družba Arcofin, o sodelovanju pri dokapitalizaciji banke ni vsebovala elementov državne pomoči.
In recital 130 of the decision, the Commission considered that the resources made available to Dexia as a result of the steps taken by Arcofin were not State resources.
Komisija je v uvodni izjavi 130 sklepa o pogojnem dovoljenju navedla, da sredstva, ki so bila skupini Dexia dodeljena na podlagi sprejetih ukrepov družbe Arcofin, niso državna sredstva.
The Commission therefore concluded that Arcofin’s investment in Dexia did not constitute State aid as that operation did not satisfy one of the criteria of Article 107(1) TFEU.
Komisija je zato ugotovila, da naložba družbe Arcofin v skupino Dexia ni pomenila države pomoči, saj se s tem ukrepom ni izpolnilo eno od meril člena 107(1) PDEU.
On 7 November 2011, the Belgian authorities notified the extension of a State guarantee scheme applicable until then to bank deposits and ‘branch 21’ life insurance.
Belgijski organi so 7. novembra 2011 priglasili razširitev sheme državnega jamstva, ki se je do tedaj uporabljala za bančne vloge in življenjsko zavarovanje, imenovano „branche 21“.
Under this extension, individual member shares in approved financial cooperatives were also to be covered by the State guarantee.
V okviru te razširitve bi bili v to državno jamstvo zajeti tudi deleži posameznih članov v odobrenih finančnih zadrugah.
The Commission subsequently became aware of information suggesting that Arcofin’s investment in Dexia could have been made possible by the assurances — at the same time as Arcofin’s investment in Dexia — by the Belgian authorities that Arcofin members would be protected against any risk of losses (see Section 3.1.2, recitals 397 to 399 below).
Komisija se je pozneje seznanila z informacijami o tem, da bi lahko naložbo družbe Arcofin v skupino Dexia omogočila zagotovila belgijskih organov – v času naložbe družbe Arcofin v skupino Dexia – da bi bili člani družbe Arcofin zaščiteni pred kakršnimi koli tveganji za izgube (glej uvodne izjave 397 do 399 oddelka 3.1.2 v nadaljevanju).
This could mean that Arcofin’s recapitalisation of Dexia involved State resources and entailed State aid.
Iz tega bi lahko sledilo, da je družba Arcofin pri dokapitalizaciji skupine Dexia uporabila javna sredstva, to pa bi pomenilo državno pomoč.
By a letter dated 6 December 2011, the Commission informed the Belgian State that the extension of the guarantee scheme could constitute illegal State aid and asked Belgium to refrain from any further steps to implement this measure.
Komisija je v dopisu z dne 6. decembra 2011 Belgijo obvestila, da bi lahko razširitev jamstvene sheme pomenila nezakonito državno pomoč, in jo pozvala, naj se vzdrži kakršnih koli dodatnih ukrepov za izvajanje tega ukrepa.
On 11 April 2012, the Commission sent the Member States concerned a letter informing them of its intention to open a formal investigation procedure with a view to revoking all the parts of the conditional authorisation decision relating to Arcofin’s participation in Dexia’s capital increase.
Komisija je 11. aprila 2012 zadevnim državam članicam poslala dopis, v katerem jih je obvestila, da namerava začeti formalni postopek preiskave, da bi razveljavila vse dele sklepa o pogojnem dovoljenju v zvezi s sodelovanjem družbe Arcofin pri dokapitalizaciji skupine Dexia.
This letter drew on information suggesting that Arcofin’s participation in Dexia’s recapitalisation could in practice be attributed to the Belgian State following the assurance that it had given that it would guarantee the individual member shares in approved financial cooperatives such as Arcofin.
Ta dopis je temeljil na informacijah, ki nakazujejo, da bi se sodelovanje družbe Arcofin pri dokapitalizaciji skupine Dexia dejansko lahko pripisalo Belgiji glede na njeno zagotovilo, da bo z zavarovanjem zajamčila deleže posameznih članov v odobrenih finančnih zadrugah, kot je družba Arcofin.
On 16 May 2012, the Member States concerned replied in a letter to the Commission that there were no grounds for opening the formal investigation procedure and/or revoking the conditional authorisation decision, arguing that Arcofin’s participation in Dexia’s recapitalisation did not involve State resources.
Zadevne države članice so v dopisu z dne 16. maja 2012 Komisiji odgovorile, da ni razloga za začetek formalnega postopka preiskave in/ali razveljavitev sklepa o pogojnem dovoljenju ter pri tem navedle, da se za sodelovanje družbe Arcofin pri dokapitalizaciji skupine Dexia niso uporabila javna sredstva.
In the decision to extend the procedure, the Commission opened the formal investigation procedure into Arcofin’s participation in Dexia’s capital increase, inviting the Member State concerned to provide any information relevant to establishing whether or not the conditional authorisation decision should be revoked in respect of Dexia’s recapitalisation by Arcofin.
Komisija je s sklepom o razširitvi postopka začela formalni postopek preiskave o sodelovanju družbe Arcofin pri dokapitalizaciji skupine Dexia, obenem pa zadevne države članice pozvala, naj ji zagotovijo kakršne koli informacije, ki bi bile pomembne za ugotavljanje, ali bi bilo treba sklep o pogojnem dovoljenju glede dokapitalizacije skupine Dexia s strani družbe Arcofin razveljaviti ali ne.
Implementation of the conditional decision
Izvajanje sklepa o pogojnem dovoljenju
The Commission notes, moreover, that the conditional authorisation decision had not been correctly implemented.
Komisija prav tako ugotavlja, da se sklep o pogojnem dovoljenju ni pravilno izvajal.
As described in further detail in Section 1.2.2 of the decision to extend the procedure, the independent trustee had noted on a number of occasions that Dexia had failed to comply with certain commitments set out in the restructuring plan subject to which the State aid granted to Dexia was deemed to be compatible with the internal market.
Kot je podrobneje pojasnjeno v oddelku 1.2.2 sklepa o razširitvi postopka, je neodvisni skrbnik večkrat navedel, da skupina Dexia ni izpolnila določenih zavez iz načrta prestrukturiranja, v skladu s katerim se je državna pomoč, odobrena za skupino Dexia, štela za združljivo z notranjim trgom.
In his reports of 30 November 2010, 29 April 2011, 26 September 2011 and 22 May 2012, the independent trustee had in particular observed that the following commitments had not been complied with:
Opažanja neodvisnega skrbnika se v poročilih z dne 30. novembra 2010, 29. aprila 2011, 26. septembra 2011 in 22. maja 2012 nanašajo predvsem na to, da niso bile izpolnjene naslednje zaveze:
the prohibition on Dexia, pursuant to point 3 of the commitments, to lend to its public or semi-public sector customers at a Risk Adjusted Return On Capital (‘RAROC’) level of less than a minimum of 10 %;
prepoved po točki 3 zavez, da skupina Dexia svojim strankam v javnem ali poljavnem sektorju daje posojila po stopnji tveganju prilagojene donosnosti kapitala, nižji od 10 %;
the obligation, pursuant to point 13(c) of the commitments, read in conjunction with paragraph 8 of the mandate contract, that the purchaser of the subsidiary AdInfo be independent from Dexia and in a position to correct the distortions of competition discussed in Section 4 of the Bank Restructuring Communication [26].
obveznost po točki 13(c) zavez v povezavi z odstavkom 8 pogodbe o naročilu, da je kupec odvisne družbe AdInfo neodvisen od skupine Dexia ter da lahko odpravi izkrivljanje konkurence iz oddelka 4 sporočila o prestrukturiranju bank [26];
the stable funding ratio at 31 December 2010 was not above the level of 40 % required by point 5(c) of the commitments; and the level of the stable funding ratio at 31 December 2011 was [30 - < 45] %.
količnik stabilnih virov financiranja 31. decembra 2010 ni presegel 40 %, kot se zahteva v točki 5(c) zavez; stopnja količnika stabilnih virov financiranja je 31. decembra 2011 znašala [30–< 45] %.
It was not therefore above 45 %, as required by point 5(c) of the commitments;
Tako torej ni presegala 45 %, kot se zahteva v točki 5(c) zavez;
on 31 December 2010, Dexia’s consolidated balance sheet total, adjusted to take account of the change in the market value of the derivatives included in Dexia’s balance sheet, was some EUR 14 billion greater than the ceiling of EUR [510-550] billion laid down in point 14(a) of the commitments and Annex II to the conditional decision.
konsolidirana bilančna vsota skupine Dexia, prilagojena tako, da se je upoštevala sprememba tržne vrednosti izvedenih finančnih instrumentov, vključenih v bilanco stanja skupine Dexia, je na 31. decembra 2010 za okrog 14 milijonov EUR presegala zgornjo mejo [510–550] milijard EUR, določeno v točki 14(a) zavez in Prilogi II k sklepu o pogojnem dovoljenju.
On the same date, the balance sheet total of the ‘Core Division’ was some EUR [10-20] billion greater than the ceiling of EUR 401 billion laid down in point 14 of the commitments and Annex II to the conditional decision;
Bilančna vsota glavnega sektorja je na isti dan za okrog [10–20] milijard EUR presegala zgornjo mejo 401 milijarde EUR, določeno v točki 14 zavez in Prilogi II k sklepu o pogojnem dovoljenju;
at 31 December 2011, the sale of Dexia Bank Denmark A/S, the Danish subsidiary of Dexia BIL, had not taken place, breaching point 13(g)(ii) of the commitments.
družba Dexia Bank Denmark A/S, danska odvisna družba družbe Dexia BIL, 31. decembra 2011 ni bila prodana, s čimer se je kršila točka 13(g)(ii) zavez.
Following these failures by Dexia to comply with the commitments described above, the Commission, in the decision to extend the procedure, opened the formal investigation procedure.
Komisija se je v sklepu o razširitvi postopka odločila, da začne formalni postopek preiskave, ker skupina Dexia ni izpolnila navedenih zavez.
In that decision, the Commission pointed out that it had, because of the failures to comply with these conditions, to re-evaluate the compatibility of all the aid covered by the conditional decision and invited the Member States concerned to submit their comments and provide any information relevant to assessing these aid measures.
Komisija je v navedenem sklepu poudarila, da je morala zaradi neizpolnjenih pogojev ponovno oceniti združljivost vse pomoči, zajete v sklep o pogojnem dovoljenju, in zadevne države članice pozvala, naj ji predložijo svoje pripombe in zagotovijo kakršne koli informacije, potrebne za ocenjevanje teh ukrepov pomoči.
Final comments on the procedure
Končne pripombe o postopku
The present Decision closes both the formal investigation procedure opened into the acquisition of DBB/Belfius and the formal investigation procedure opened by the conditional authorisation decision (and extended by the decision to extend the procedure, the decision on the first prolongation of the guarantee, the decision to increase the guarantee ceiling and the decision on the second prolongation of the guarantee, to include the ELA measures, the refinancing guarantee and the underwriting by DBB/Belfius of bonds guaranteed by the Member States concerned and issued by Dexia SA and DCL) on the restructuring and then the revised orderly resolution plan for Dexia, including the DMA sale operation.
S tem sklepom se zaključujeta formalni postopek preiskave, začet glede pripojitve banke DBB/Belfius, ter formalni postopek preiskave, začet s sklepom o pogojnem dovoljenju (ki je bil s sklepom o razširitvi postopka, sklepom o prvem podaljšanju jamstva, sklepom o povečanju zgornje meje jamstva in sklepom o drugem podaljšanju jamstva razširjen tako, da so se vanj vključili ukrepi v obliki izredne likvidnostne pomoči, jamstvo za refinanciranje in izvedba prodaje obveznic s strani banke DBB/Belfius, za katere so jamčile zadevne države članice, izdali pa sta jih družba Dexia SA in banka DCL) glede prestrukturiranja in nato spremenjenega načrta nadzorovanega reševanja skupine Dexia, vključno z odprodajo družbe DMA.
DESCRIPTION OF THE DEXIA GROUP AND ITS DIFFICULTIES
OPIS SKUPINE DEXIA IN NJENIH TEŽAV
The Dexia Group (‘Dexia’) was formed in 1996 by the merger of France’s Crédit Local and Belgium’s Crédit Communal and was specialised in loans to local authorities, but also had some 5,5 million private customers, mainly in Belgium, Luxembourg and Turkey.
Skupina Dexia, ki je bila leta 1996 ustanovljena z združitvijo francoske banke Crédit Local in belgijske banke Crédit Communal, je bila specializirana za dajanje posojil lokalnim skupnostim, imela pa je tudi približno 5,5 milijona zasebnih strank, predvsem v Belgiji, Luksemburgu in Turčiji.
Dexia was organised around the parent holding company (Dexia SA) and three operational subsidiaries located in France (DCL) [27], Belgium (DBB) and Luxembourg (Dexia BIL).
Skupino Dexia so sestavljale matična holdinška družba (v nadaljnjem besedilu: družba Dexia SA) ter tri operativne odvisne družbe s sedežem v Franciji (banka DCL) [27], Belgiji (družba DBB) in Luksemburgu (družba Dexia BIL).
It in particular included a mortgage lending company, DMA, a subsidiary of DCL.
Med te je bila vključena zlasti družba za hipotekarno kreditiranje, imenovana DMA, ki je odvisna družba banke DCL.
It also had other subsidiaries: Deniz Bank, Dexia Habitat, DKB Polska, DAM, Dexia Région Bail, Dexia Flobail, Dexia Bail, Dexia Israel and Dexia LLD.
Njene druge odvisne družbe so bile: družbe Deniz Bank, Dexia Habitat, DKB Polska, DAM, Dexia Région Bail, Dexia Flobail, Dexia Bail, Dexia Israel in Dexia LLD.
For a more detailed description of Dexia, the Commission refers to the decision to extend the procedure [28] and the opening decision on the sale of DBB/Belfius [29].
Za podrobnejši opis skupine Dexia se Komisija sklicuje na sklep o razširitvi postopka [28] in sklep o začetku postopka glede prodaje banke DBB/Belfius [29].
Simplified organisation chart of the Group on 30 September 2011 (i.e. prior to the sales announced at the meeting of Dexia’s Board of Directors on 9 October 2011)
Poenostavljena organizacijska shema skupine Dexia na dan 30. septembra 2011 (tj. pred začetkom odprodaj, objavljenih na zasedanju upravnega odbora skupine Dexia 9. oktobra 2011)
DCL including: DCL NY.
DCL, vključno z: DCL NY.
From the first quarter of 2010, Dexia combined the instruments subject to run-off management (‘the legacy portfolio’) within a Legacy Portfolio Management Division.
Skupina Dexia je od prvega četrtletja leta 2010 dalje instrumente, ki jih je upravljala kot likvidacijsko maso (v nadaljnjem besedilu: preostali portfelj), združila v oddelek za upravljanje preostalega portfelja.
On 30 June 2012, the Legacy Portfolio Management Division’s commitments totalled EUR 86,3 billion including off-balance-sheet commitments; balance-sheet commitments totalled EUR 83,9 billion.
Obveznosti oddelka za upravljanje preostalega portfelja so 30. junija 2012 znašale 86,3 milijarde EUR, vključno s prevzetimi zunajbilančnimi obveznostmi, obveznosti v bilanci stanja pa so znašale 83,9 milijarde EUR.
The Member States concerned initiated an orderly resolution of Dexia.
Zadevne države članice so začele izvajati nadzorovano reševanje skupine Dexia.
In late October 2012, Dexia had the following structure:
Skupina Dexia je imela konec oktobra 2012 naslednjo strukturo:
Figure 2
Graf 2
Structure of the Dexia Group on 24 October 2012
Struktura skupine Dexia z dne 24. oktobra 2012
ORGANIZATION CHART
ORGANIZACIJSKA SHEMA
Regional Government Flanders
Flamska regionalna vlada
Regional Government Wallonia
Valonska regionalna vlada
Regional Government Brussels
Regionalna vlada glavnega mesta Bruselj
French State
Francija
Belgian Municipalities/ Provinces
Belgijske občine/province