natgillin/translations-raw huggingface dataset:
means the plan submitted by FIH to the European Commission, via the Kingdom of Denmark, on 24 June 2013, as amended and supplemented by written communications
Končna provizija se plača na datum poravnave pogodbe o nakupni ceni in se zmanjša po načelu časovne porazdelitve (na podlagi dejansko/dejansko) za obdobje med predzadnjim plačilom provizije (30. september) in poravnavo pogodbe o nakupni ceni ter za prvo obdobje od 4. decembra 2013 do 30. septembra 2014,
FIH or FIH Group
znižala upravljavske provizije za vodenje in varovanje pred tveganji, ki jih zaračunava družbi FS Property Finance A/S, na 0,05 % na leto portfelja neporavnanih posojil z retroaktivnim učinkom od 1. januarja 2013,
FIH Erhvervsbank A/S including subsidiaries
družbi FSC plačala letno provizijo v višini 47,2 milijona DKK, če bi organ FSA spremenil svoje regulativno stališče glede kapitalskih zahtev na ravni holdinga, tako da posojilna sposobnost banke FIH ne bi bila več omejena s kapitalskim položajem holdinga FIH.
FIH Holding A/S including direct and indirect subsidiaries
Uporabljajo se datumi valute in časovne omejitve, podobni tistim v prvi alinei [6].7.
The wholly owned subsidiary of the Financial Stability Company FSC, also referred to in the decision as ‘Newco’.
Poročanje
Acquisition Finance
Kraljevina Danska bo zagotovila redno spremljanje celovitega in pravilnega izvajanja načrta prestrukturiranja ter celovitega in pravilnega izvajanja vseh obvez iz tega pisma o nameri.
The separate and dedicated business unit with employees solely focusing on financing solutions in connection with mergers and acquisitions, and which was marketed specifically towards existing and potential clients.
Kraljevina Danska bo vsake pol leta Komisiji poročala o napredku izvajanja načrta prestrukturiranja in zgoraj navedenih obvez do konca obdobja prestrukturiranja.
General
Kraljevina Danska bo v treh mesecih od končne poravnave posla predložila poročilo zunanjega pooblaščenega revizorja o pravilnosti poravnave posla.
The Restructuring Period shall end on 31 December 2016.
To ne velja v naslednjih primerih:
The Commitments apply during the Restructuring Period, unless otherwise indicated.
holding FIH/banka FIH/drugi sedanji ali prihodnji subjekti v skupini holdinga FIH odkupijo družbo FSPF A/S (ali portfelj posojil družbe FSPF A/S ali njegov del), (b) če je banka FIH pogodbeno/pravno obvezana zagotoviti tako posojilo ali če je tako posojilo dano v zvezi s prestrukturiranjem/refinanciranjem/dokapitalizacijo/oblikovanjem rešitve za dolžnike v banki FIH ali družbi FSPF, ali (c) svetovalne storitve, ki niso povezane s posojili.
Structural measures
To ne velja za običajni potek bančnega poslovanja (npr. če banka FIH pridobi delež na podlagi prestrukturiranja ali podobnega postopka dolžnikov) ali če je banka FIH pravno obvezana k taki naložbi.
FIH will cease all business activities in the business field Acquisition Finance by 30 June 2014.
Tržni delež banke FIH se izpelje iz statističnih podatkov danske centralne banke o monetarnih finančnih institucijah (www.statistikbanken.dk/DNMIN).
The existing portfolio will be placed in run off by 30 June 2014.
Temelji na skupnem znesku vlog danskih rezidentov v danskem sektorju monetarnih finančnih institucij glede na vloge danskih rezidentov v banki FIH.
Closure of the Property Finance business
Navesti je treba, da je (i) banka FIH že izvedla enkratno plačilo v višini 310,25 milijona DKK + 37,5 milijona DKK * N/365, pri čemer je N število dni med 30. septembrom 2013 in končnim datumom plačila, ki se je po navedbah danskih organov že zgodil z datumom valute 4. december 2013, in (ii) družbi FS Property Finance A/S plačala znesek v višini 61,7 milijona DKK kot delno vračilo provizij, prejetih na podlagi sporazuma o upravljanju za leto 2012, kar se je navedbah danskih organov že zgodilo z datumom valute 18. december 2013.
FIH has withdrawn from the business area of investment properties [1] and closed that business area by 31 December 2013.
Banka FIH je v letih 2011 in 2012 predvidela težave v zvezi z dolgom, ki naj bi zapadel v letih 2012 in 2013.
There will be no re-entry into that business area which means in particular that no new lending (capital) to finance investment in investment properties in Denmark, Sweden, Germany or any other country will take place [2].
Nastali izziv v zvezi s financiranjem so povzročili predvsem znižanje bonitetne ocene banke FIH in spremenjene razmere na kapitalskem trgu [18].
Divestiture of the Private Equity business
Postopek likvidacije naj bi trajal do 31. decembra 2016, lahko pa tudi do 31. decembra 2019.
FIH will divest its investments in private equity funds and other equity investments to the extent permitted by law as early as possible and in any case not later than 31 December 2016.
Družba FSC je bila sposobna financirati skoraj celotni kapitalski znesek v višini 2 milijard DKK za nakup družbe Newco na podlagi predčasnega odkupa zadolžnice za hibridni kapital prvega reda v višini 1,9 milijarde DKK, ki ga je leta 2009 banki FIH [25] odobrila država.
If a divestment by that date is not possible, the investments will be put in run-off which means in particular that no funding or renewals of investments may take place any more [3].
Organ FSA je 2. julija 2012 odobril odplačilo državne kapitalske injekcije s strani banke FIH na podlagi analize solventnosti in likvidnosti, ki je vključevala ukrep prenosa sredstev [26].
Further, from the date of the Decision, no new private equity or other investments will be made (with the exceptions stated in footnote 3).
Danska je 24. junija 2013 predložila končno posodobljeno različico načrta prestrukturiranja za skupino FIH za obdobje od leta 2012 do leta 2016.
Mortgage Bank
Načrt vključuje najboljši in najslabši možni scenarij [33], da bi se prikazali sposobnost banke FIH za ponovno vzpostavitev dolgoročnega uspešnega poslovanja, zadostna porazdelitev bremena in ustrezni ukrepi za reševanje izkrivljanja konkurenčnih ukrepov.
FIH shall not have a mortgage institute in its company structure by end of 2014, and shall not act as a mortgage bank thereafter.
Načrt prestrukturiranja temelji na predpostavkah v zvezi z gibanjem bruto domačega proizvoda (BDP), rastjo, kot jo napoveduje Mednarodni denarni sklad (IMF), in gibanjem sprememb kratko- in srednjeročnih obrestnih mer na podlagi ocene danskega ministrstva za gospodarstvo in rast v zvezi z razvojem kratkoročnih obrestnih mer do leta 2014.
Behavioural measures and corporate governance
Načrt predvideva zmerno rast BDP od leta 2013.
Ban on acquisitions FIH shall not acquire any stake in any undertaking.
V najboljšem možnem scenariju [34] naj bi banka FIH nenehno izboljševala svoje rezultate do leta 2016.
This applies both to undertakings which have the legal form of a company and packages of assets which form a business.
Donosnost normaliziranega lastniškega kapitala [35] pred obdavčitvijo na ravni skupine naj bi bila 10,3 % 31. decembra 2013 in 11,2 % [36] 31. decembra 2016.
Activities not comprised by the acquisition ban This ban does not apply to acquisitions that must be made in exceptional circumstances to maintain financial stability or in the interests of effective competition, provided they have been approved beforehand by the Commission.
Najslabši možni scenarij [37] temelji na manj ugodnih tržnih predpostavkah.
This does neither apply to acquisitions that take place in the ordinary course of the banking business in the management of existing claims towards ailing firms and to disposal and restructuring within FIH Holding Group.
Te med drugim vključujejo poslabšanje tržnih razmer za financiranje za banke v smislu obsega in cene;
Exemptions not requiring the Commission’s prior approval FIH may acquire stakes in undertakings provided that the purchase price paid by FIH for any acquisition is less than 0,01 % of the balance sheet size of FIH at the date of the Commission decision and that the cumulative purchase prices paid by FIH for all such acquisitions over the whole restructuring period is less than 0,025 % of the balance sheet size of FIH at the date of the Commission decision.
manjše povpraševanje po posojilih in svetovalnih storitvah;
Ban on commercial aggressive practices FIH shall avoid engaging in aggressive commercial practices throughout the duration of the Restructuring Plan.
Glede na načrt prestrukturiranja naj bi se bilančna vsota znižala na 27,68 milijarde DKK (3,74 milijarde EUR) do 31. decembra 2013.
Deposits FIH will not offer more favourable prices for deposit products (notably but not exclusively for retail deposits in FIH Direct Bank) than the two best-priced competitors in a given market.
Banka FIH načrtuje, da bo 31. decembra 2016 količnik kapitalske ustreznosti 19,6 %.
The restriction does not apply if FIH’s share of the total deposit market is less than 5 % [4].
Donosnost tako imenovanega normaliziranega lastniškega kapitala pred obdavčitvijo [39] naj bi bila po najboljšem možnem scenariju [40] načrta prestrukturiranja 9 % 31. decembra 2013 in 10,1 % 31. decembra 2016.
Advertising FIH must not use the granting of the aid measures or any advantages arising therefrom for advertising purposes.
Ti številki sta 0,9 % oziroma 4,7 % v najslabšem možnem scenariju [41].
Further, its overall annual advertising expenses will be below EUR 1 million.
Za dosego tega rezultata je banka FIH družbi Newco plačala znesek v višini 61,7 milijona DKK kot delno vračilo provizij, ki jih je banka FIH prejela od družbe Newco na podlagi sporazuma o upravljanju za leto 2012.
Ban on coupon payments FIH will refrain during the Restructuring Period from making any payments on capital instruments, unless those payments stem from a legal obligation, and not call or buy back those instruments without prior approval of the Commission.
Banka FIH je tudi znižala upravljavske provizije za vodenje in varovanje pred tveganji, zaračunane družbi Newco, na 0,05 % portfelja neporavnanih posojil za leto 2013.
Coupons on capital instruments held by the state may be paid, unless such payments would trigger coupon payments to other investors that otherwise would not be mandatory.
mora skupina FIH plačati vse stroške posla in likvidacije ter
This commitment not to pay coupons during the Restructuring Period does not apply for newly issued instruments (meaning instruments issued after the Commission’s final approval of the restructuring plan), provided any payment of coupons on such newly issued instruments will not create a legal obligation to make any coupon payments on FIH’s securities existing at the moment of the adoption of the Commission’s Restructuring Decision.
Če država sprejme te pogoje ali boljše, je mogoče šteti, da so ukrepi izvedeni po tržnih pogojih.
Ban on dividend payments All dividends paid to FIH Holding will be retained until settlement of the share purchase agreement respectively the end of the Restructuring Period, whichever is longer.
Zlasti je treba preveriti, ali posel v celoti ustvarja pozitivni denarni tok, saj ne bi noben zasebni udeleženec, katerega namen je čim bolj povečati dobiček, vstopil v posel, ki ustvarja izgubo.
Thus, FIH Holding shall not distribute funds to its shareholders by way of dividends or otherwise until the final settlement of the purchase price agreement.
V tem primeru je banka FIH 30. junija 2009 že prejela dokapitalizacijo, ki jo je odplačala 2. julija 2012.
To retain earnings in the FIH Holding group, FIH shall not pay dividends to other entities than FIH Holding.
Hibridni instrumenti, uporabljeni za dokapitalizacijo, so bili plačani po […] [61] %.
Restrictions on FIH Holding related to ownership FIH Holding shall not pledge its shareholding in FIH.
plačila presežnih obresti s strani družbe Newco pri posojilu ena, posojilu za absorbiranje izgube in začetnem financiranju (0,33 milijarde DKK) ter
Related party transactions shall be at arm’s length.
skrb Danske, da Komisija ne bi namenila dovolj pozornosti gospodarski realnosti vseh vidikov ukrepov, kot je posojilo za absorbiranje izgube, in
No decision affecting the creditworthiness or liquidity of FIH Holding compromising its capability of paying a negative variable purchase price if required shall be taken.
Sklep SA.33757 (11/N) z dne 9. decembra 2011 (UL C 22, 27.1.2012, str.
FIH Holding is only allowed to conduct business as holding company for FIH and any shareholder loans shall not be repaid.
2) in Sklep SA.34227(12/N) z dne 17. februarja 2012 (UL C 128, 3.5.2012, str.
Buy Back of Hybrid Capital Instruments or other Capital Instruments With regard to the buy-back of hybrid capital instruments or other capital instruments existing in FIH on 2 March 2012, FIH will respect the rules concerning Tier 1 and Tier 2 capital transactions as set out in the MEMO/09/441 of 8 October 2008 [5].
1) ter Sklep SA.33639 (11/N) – Pomoč za reševanje za Max Bank z dne 6. oktobra 2011 (UL C 343, 23.11.2011, str.
In any case FIH will consult the Commission before making announcements to the market concerning Tier 1 and Tier 2 capital transactions.
10).
Capital relief
Banka FIH je ta učinek večinoma izravnala z upravljanjem likvidnosti v decembru 2013.
FIH will remunerate the measure in line with the IAC.
Učinek v letu 2016 bo zanemarljiv, saj se številke navajajo kot „normalizirana“ donosnost lastniškega kapitala.
Specifically, in addition to making a one off payment of DKK 310,25 million + 37,5 million * N/365, where N is the number of days between 30 September 2013 and the final payment date, which, according to the Danish authorities has already occurred with value date 4 December 2013, FIH will:
Dejansko so bila plačila za vračilo sredstev izvedena šele z datumom valute 4. december 2013, tako da je bilo treba plačati dodatne akumulirane obresti za obdobje od 1. oktobra 2013 do 4. decembra 2013.
each year, from 2014 to 2020 or the year following the final settlement of the purchase price agreement, whichever is earlier, pay a fee of DKK 12,1 million per annum with value date 30 September (or, if 30 September of the respective date is not a business day, on the following business day).
Danska je potrdila, da je banka FIH opravila dodatno plačilo v višini 6,575 milijona DKK poleg 310,25 milijona DKK za pokritje navedenega zneska.
The final fee is to be paid on the settlement date of the purchase price agreement, and reduced pro rata temporis (on an actual over actual basis) for the period between the penultimate fee payment (30 September) and the settlement of the purchase price agreement as well as for the first period, from 4 December 2013 to 30 September 2014,
Kraljevina Danska se obvezuje, da bo zagotovila pravilno in celovito izvajanje načrta prestrukturiranja banke FIH, predloženega 24. junija 2013.
reduce the management fees for administration and hedging charged to FS Property Finance A/S to 0,05 % per annum of the outstanding loan portfolio, retroactively effective from 1 January 2013,
V tem dokumentu („pismo o nameri“) so predstavljeni pogoji („obveze“) za prestrukturiranje družbe FIH Erhvervsbank A/S, vključno z njenimi hčerinskimi družbami (v nadaljnjem besedilu: banka FIH), k izvedbi katerega se je Kraljevina Danska obvezala.
pay an annual fee of DKK 47,2 million to FSC if the FSA changes its regulatory view regarding capital requirements at holding level such that FIH’s lending capacity would no longer be restricted by FIH Holding’s capital position.
Skupina holdinga FIH
Value dates and time limitations similar to the first indent above apply [6].7.
Načrt prestrukturiranja se konča 31. decembra 2016.
Reporting
Obveze veljajo v obdobju prestrukturiranja, razen če ni drugače navedeno.
The Kingdom of Denmark shall ensure that the full and correct implementation of the Restructuring Plan and the full and correct implementation of all Commitments within this Term Sheet are continuously monitored.
Banka FIH bo opustila vse poslovne dejavnosti na poslovnem področju posojil za prevzeme do 30. junija 2014.
Defined as loans granted in the context of financing shops, offices, blocks of flats, warehouses, showrooms, factories or similar premises if granted to a company that does not reside at the premises for their primary business activity or to a company that is specialised in developing real estate.
Na to poslovno področje ne bo ponovno vstopila, kar pomeni, da ne bo novih posojil (kapitala) za financiranje naložb v naložbene nepremičnine na Danskem, Švedskem, v Nemčiji ali kateri koli drugi državi [2].
Does not apply in the following instances:
Banka FIH bo čim prej in najpozneje do 31. decembra 2016 odprodala svoje naložbe v sklade zasebnega kapitala in druge naložbe lastniškega kapitala v obsegu, dovoljenem z zakonom.
FIH Holding/FIH/other current or future entities in the FIH Holding Group buys back FSPF A/S (alternatively the loan portfolio of FSPF A/S, or part thereof); (b) if FIH is contractually/legally obliged to provide such loan, or if a loan is made in connection with a restructuring/refinancing/recapitalisation/work-out solution for debtors in FIH or FSPF; or (c) non-lending advisory services.
Če odprodaja do tega datuma ne bo mogoča, bodo naložbe dane v likvidacijo, kar zlasti pomeni, da financiranje ali podaljšanje naložb ne bo več mogoče [3].
Does not apply in the ordinary course of the banking business (e.g. if FIH obtains a shareholding through a restructuring or similar of debtors) or if FIH is legally obliged to make such investment.
V skladu s sporočilom o prestrukturiranju mora prestrukturiranje finančne institucije v okviru sedanje finančne krize, da bi bilo združljivo z notranjim trgom na podlagi člena 107(3)(b) Pogodbe, (i) voditi do ponovne vzpostavitve uspešnega poslovanja banke ali do njene pravilne likvidacije, (ii) zagotavljati, da je pomoč omejena na potrebni minimum, in vključevati zadosten lastni prispevek upravičenca (porazdelitev bremena) ter (iii) vsebovati zadostne ukrepe za omejitev izkrivljanja konkurence.
FIH’s share of the market is derived from the Danish Central Bank’s MFI-statistics (www.statistikbanken.dk/DNMIN).
Holding FIH
It is based on the total amount of deposits from Danish residents in the Danish MFI sector relative to deposits from Danish residents in FIH.
FIH Holding A/S.
on the State aid SA.34825 (2012/C), SA.34825 (2014/NN), SA.36006 (2013/NN), SA.34488 (2012/C) (ex 2012/NN), SA.31155 (2013/C) (2013/NN) (ex 2010/N) implemented by Greece for the Eurobank Group related to:
o državni pomoči SA.34825 (2012/C), SA.34825 (2014/NN), SA.36006 (2013/NN), SA.34488 (2012/C) (ex 2012/NN), SA.31155 (2013/C) (2013/NN) (ex 2010/N), ki jo je Grčija odobrila skupini Eurobank group glede:
Recapitalisation and Restructuring of Eurobank Ergasias S.A.;
dokapitalizacije in prestrukturiranja banke Eurobank Ergasias S.A.;
Restructuring aid to Proton bank through creation and capitalisation of Nea Proton and additional recapitalisation of New Proton Bank by the Hellenic Financial Stability Fund;
pomoči za prestrukturiranje banki Proton bank v obliki banke New Proton Bank, ki jo je ustanovil in dodatno dokapitaliziral grški sklad za finančno stabilnost;
Resolution of Hellenic Postbank through the creation of a bridge bank
reševanja banke Hellenic Postbank z ustanovitvijo premostitvene banke
(notified under document C(2014) 2933)
(notificirano pod dokumentarno številko C(2014) 2933)
PROCEDURES RELATED TO THE EUROBANK GROUP [2] (‘THE BANK’ [3])
POSTOPKI, POVEZANI S SKUPINO EUROBANK GROUP [2] (V NADALJNJEM BESEDILU: SKUPINA [3])
By decision of 19 November 2008 the Commission approved a scheme entitled ‘Support Measures for the Credit Institutions in Greece’ (the ‘Greek Banks Support Scheme’) designed to ensure the stability of the Greek financial system.
Komisija je z odločbo z dne 19. novembra 2008 odobrila shemo z naslovom „Support Measures for the Credit Institutions in Greece“ (Ukrepi podpore za kreditne institucije v Grčiji, v nadaljnjem besedilu: program pomoči grškim bankam), ki je namenjen zagotavljanju stabilnosti grškega finančnega sistema.
The Greek Banks Support Scheme allows for aid to be granted under its three constituent measures, a recapitalisation measure, a guarantee measure and a government bond loan measure [4].
Program pomoči grškim bankam omogoča dodelitev pomoči na podlagi treh ukrepov, ki jih vsebuje, tj. ukrepa dokapitalizacije, ukrepa jamstva in ukrepa državnih obligacijskih posojil [4].
In May 2009, EFG Eurobank Ergasias S.A. [5] was recapitalised by Greece under the recapitalisation measure.
Grčija je banko EFG Eurobank Ergasias S.A. [5] maja 2009 dokapitalizirala na podlagi ukrepa dokapitalizacije.
Recital 14 of the decision of 19 November 2008 recorded that a restructuring plan would be notified to the Commission in respect of the beneficiaries of the recapitalisation measure.
V uvodni izjavi 14 odločbe z dne 19. novembra 2008 je navedeno, da se bo Komisiji predložil načrt prestrukturiranja za upravičence ukrepa dokapitalizacije.
On 2 August 2010, the Greek authorities submitted a restructuring plan in respect of the Eurobank Group to the Commission.
Grški organi so Komisiji 2. avgusta 2010 predložili načrt prestrukturiranja za skupino Eurobank Group.
The Commission registered that plan and its subsequent updates as well as additional information submitted by the Greek authorities as Case SA.30342 (PN 26/2010) and then Case SA.32789 (2011/PN).
Komisija je navedeni načrt, vse njegove posodobitve in dodatne informacije, ki so jih predložili grški organi, evidentirala kot zadevo SA.30342 (PN 26/2010) in nato zadevo SA.32789 (2011/PN).
The Bank has repeatedly benefited from State guarantees on debt instruments and government bond loans under the Greek Banks Support Scheme [6].
Skupina je bila na podlagi programa pomoči grškim bankam večkrat upravičena do državnih jamstev na dolžniške instrumente in posojil v obliki bančnih obveznic [6].
It also benefited from State-guaranteed emergency liquidity assistance ( ‘State-guaranteed ELA’).
Upravičena je bila tudi do izredne likvidnostne pomoči z državnim jamstvom.
On 20 April 2012, the Hellenic Financial Stability Fund (‘HFSF’) provided the Bank with a letter committing to participate in a planned share capital increase of the Bank.
Grški sklad za finančno stabilnost (v nadaljnjem besedilu: sklad HFSF) je 20. aprila 2012 skupini izdal pismo o zavezi, s katerim se je zavezal, da bo udeležen pri načrtovanem povečanju njenega delniškega kapitala.
On 28 May 2012, the HFSF granted a bridge recapitalisation of EUR 3970 million to the Bank (‘first bridge recapitalisation’).
Sklad HFSF je 28. maja 2012 skupini dodelil premostitveno dokapitalizacijo v višini 3970 milijonov EUR (v nadaljnjem besedilu: prva premostitvena dokapitalizacija).
In May 2012, the Greek authorities notified to the Commission the commitment letter that had been provided by the HFSF to the Bank.
Grški organi so Komisiji maja 2012 priglasili pismo o zavezi, ki ga je sklad HFSF izdal skupini.
The Commission registered it as a non-notified aid (Case SA.34825 (2012/NN)) as the measure had already been implemented.
Ker je bil ukrep že izveden, ga je Komisija evidentirala kot nepriglašeno pomoč (zadeva SA.34825 (2012/NN)).
On 27 July 2012 the Commission opened a formal investigation procedure regarding the first bridge recapitalisation (‘the Eurobank Opening Decision’) [7].
Komisija je 27. julija 2012 sprožila formalni postopek preiskave glede prve premostitvene dokapitalizacije (v nadaljnjem besedilu: sklep o začetku postopka za skupino Eurobank) [7].
In December 2012, the HFSF granted a second bridge recapitalisation of EUR 1341 million to the Bank (‘second bridge recapitalisation’).
Sklad HFSF je decembra 2012 skupini dodelil drugo premostitveno dokapitalizacijo v višini 1341 milijonov EUR (v nadaljnjem besedilu: druga premostitvena dokapitalizacija).
On 21 December 2012, the HFSF also provided the Bank with a commitment letter for its participation in a share capital increase of the Bank and in convertible capital instruments to be issued, for a total amount up to EUR 528 million [8].
Sklad HFSF je 21. decembra 2012 skupini izdal tudi pismo o zavezi, s katerim se je zavezal, da bo udeležen pri povečanju delniškega kapitala skupine in zamenljivih kapitalskih instrumentov, ki bodo izdani, v skupnem znesku do 528 milijonov EUR [8].