natgillin/translations-raw huggingface dataset:
The Commission notes with approval the de-risking strategy that has been effectively applied since early 2012.
Komisija odobrava, da se je strategija zmanjševanja tveganj učinkovito uporabljala od začetka leta 2012.
This is likely to reduce the long-term risks to the Group’s viability, even if it has resulted in sizeable losses (around EUR [275-350] million for a nominal exposure from securities sold of around EUR [0-5] billion).
S tem se bodo verjetno zmanjšala dolgoročna tveganja pri uspešnem poslovanju banke DBB/Belfius, četudi bodo zaradi tega nastale precejšnje izgube (približno [275–350] milijonov EUR za nominalno izpostavljenost od prodanih vrednostnih papirjev v višini [0–5] milijard EUR).
The vast majority of these positions are covered and do not present any credit risk apart from one residual open position of EUR [0-5] billion. The Commission notes that some of these positions do, however, present a minor residual correlation risk which is unlikely to threaten the Group’s viability.
Večina teh pozicij je kritih in ne pomenijo nobenega kreditnega tveganja, razen ene preostale odprte pozicije v višini [0–5] milijard EUR. Komisija navaja, da nekatere od teh pozicij vseeno pomenijo manjše preostalo tveganje korelacije, ki verjetno ne bo ogrozilo uspešnega poslovanja banke DBB/Belfius.
These should account for [50-75] % of funding in 2016, a level which is in line with other banks operating in the retail banking market in Belgium, compared with [50-75] % in 2012.
Ti bi morali v letu 2016 obsegati [50–-75] % financiranja, pri čemer je ta stopnja skladna z drugimi bankami, ki delujejo na trgu poslovanja s prebivalstvom v Belgiji, v primerjavi z letom 2012, ko je obsegalo [50–75] %.
Long-term financing will also be strengthened through the issuing of covered bonds, among other measures.
Tudi dolgoročno financiranje bi bilo treba okrepiti, med drugim z izdajanjem kritih obveznic.
The 2013 and 2014 financial years would be the worst affected, while the economic and financial stabilisation anticipated for the following years would preserve the Group’s profitability up to 2016.
Najbolj bi bili prizadeti poslovni leti 2013 in 2014, medtem ko bi se zaradi ekonomske in finančne stabilizacije, predvidene za naslednja leta, ohranila donosnost banke DBB/Belfius do leta 2016.
The five-year return on own funds would thus be almost identical.
Tako bi bila petletna donosnost regulatornega kapitala skoraj povsem enaka.
The Commission also takes a favourable view of the Belgian authorities’ commitment that DBB/Belfius will not make any acquisitions, including of other financial institutions, and will not extend its activities before the end of 2014.
Komisija je tudi naklonjena zavezi belgijskih organov, da pred koncem leta 2014 banka DBB/Belfius ne bo izvajala prevzemov, vključno s pripojitvami drugih finančnih institucij, in ne bo širila svojih dejavnosti.
The Commission notes that this commitment will be limited to two years after this Decision is adopted, whereas the Bank Restructuring Communication states that the prohibition on acquisition ‘should apply for at least three years’.
Komisija navaja, da bo ta zaveza omejena na dve leti od datuma sprejetja tega sklepa, v sporočilu o prestrukturiranju bank pa je navedeno, da bi prepoved prevzema „morala veljati najmanj tri leta“.
The Commission also notes that the distribution of dividends, coupons and discretionary early repayments are suspended until 31 December 2014, which are all favourable elements.
Komisija prav tako navaja, da je do 31. decembra 2014 odložena razdelitev dividend, kuponov in diskrecijska možnost predčasnega izplačila, kar so pozitivni elementi.
The Belgian authorities have given a commitment concerning these elements.
Belgijski organi so glede teh elementov sprejeli zavezo.
As regards its position on the Belgian market, the Commission recognises that DBB/Belfius holds the following market shares: 13 % of commercial deposits (third-largest), 15,1 % of real estate loans (third-largest), 9,5 % of underwritten life insurance premiums (fourth-largest), and it is in sixth place in non-life insurance products.
Komisija priznava, da ima banka DBB/Belfius, kar zadeva njen položaj na belgijskem trgu, naslednje tržne deleže: 13 % pri poslovnih vlogah (tretji največji), 15,1 % pri nepremičninskih posojilih (tretji največji), 9,5 % pri premijah, prevzetih za produkte življenjskega zavarovanja (četrti največji), pri neživljenjskih zavarovanjih pa je na šestem mestu.
DBB/Belfius is thus one of the biggest banking/insurance groups in Belgium.
Ta banka je torej ena od največjih bančnih/zavarovalniških skupin v Belgiji.
The Commission notes that DBB/Belfius has undertaken to limit new loan production by its ‘public and social banking distribution’ division to EUR [2,5-5] billion in 2013 and EUR [2,5-5] billion in 2014.
Komisija navaja, da se je banka DBB/Belfius zavezala, da bo njen oddelek za „distribucijo bančnih poslov za javnost in socialnega bančništva“ omejil ustvarjanje novih produktov, in sicer na [2,5-5] milijard EUR v letu 2013 in [2,5–5] milijard EUR v letu 2014.
The plan takes account of the fact that the alternative way of restructuring the bank to enable it to return to viability, as provided for in the February 2010 restructuring plan, has not been possible.
V načrtu se upošteva dejstvo, da druga možnost prestrukturiranja banke, da se ji omogoči ponovna vzpostavitev uspešnega poslovanja, kot je bilo določeno v načrtu prestrukturiranja iz februarja 2010, ni bila mogoča.
Furthermore, an uncontrolled winding-up of Dexia would threaten financial stability, while an orderly winding-up will make it easier to deal with that risk.
Poleg tega bi nenadzorovana likvidacija skupine Dexia ogrozila finančno stabilnost, s pravilno likvidacijo pa bo to tveganje lažje obravnavati.
The sale of DMA, which accounts for around 20 % of the Group’s balance sheet, is planned for January 2013.
Januarja 2013 je bila načrtovana prodaja družbe DMA, ki pomeni približno 20 % bilance stanja skupine Dexia.
Other disposals of saleable entities are planned shortly [174].
V kratkem se načrtujejo prodaje drugih subjektov, ki jih je mogoče prodati [174].
The Group’s assets should be EUR [200-250] billion by the end of 2013. The assets will then be reduced by some EUR [10-20] billion a year up to 2017 and will be EUR [100-150] billion in 2020. In comparison with 2008, there will be a balance sheet reduction of [70-80] %.
Sredstva skupine Dexia naj bi ob koncu leta 2013 znašala [200–250] milijard EUR. Do leta 2017 se bodo nato sredstva zmanjševala za približno [10–20] milijard EUR na leto in bodo leta 2020 znašala [100–150] milijard EUR. V primerjavi z letom 2008 bo bilanca stanja tako za [70–80] % manjša.
A default by Dexia could result in a call on the guarantees granted by the Member States concerned in 2008, 2011 and 2012 for the total current balance of EUR 67,7 billion. Immediate liquidation of Dexia would also trigger a systemic shock on the European markets.
Če skupina Dexia ne bi izpolnjevala obveznosti, bi to lahko povzročilo poziv po jamstvih, ki so jih zadevne države članice odobrile v letih 2008, 2011 in 2012 za sedanjo skupno bilanco v višini 67,7 milijarde EUR. Zaradi takojšnje likvidacije skupine Dexia bi na evropskih trgih tudi nastal sistemski pretres.
The Commission notes a number of favourable elements, with the suspension, for the entire duration of the resolution plan and therefore until Dexia’s assets are fully written off, of any distribution of dividends, coupons or discretionary early repayments.
Komisija navaja številne ugodne elemente, če se med celotnim trajanjem načrta reševanja in, dokler niso sredstva skupine Dexia v celoti odpisana, začasno opustijo razdeljevanje dividend in kuponov ter diskrecijska možnost predčasnih izplačil.
As an exception, Dexia is authorised to distribute dividends relating to voting preference shares subscribed by the Belgian and French States in connection with and under the conditions of the EUR 5,5 billion capital increase.
Skupini Dexia pa je izjemoma dovoljeno razdeljevati dividende, ki se nanašajo na glasovalne prednostne delnice, pripisane Belgiji in Franciji, v povezavi z dokapitalizacijo in pod pogoji dokapitalizacije v višini 5,5 milijarde EUR.
The cash collateral paid to swap counterparties was around EUR [25-75] billion at the end of 2012. Being remunerated at the Eonia rate, it produces a negative margin compared with the 3-month Euribor.
Ob koncu leta 2012 je zavarovanje z denarnimi sredstvi, plačano nasprotnim strankam pri zamenjavi, znašalo približno [25–75] milijard EUR. Ker je bilo povrnjeno po obrestni meri EONIA, se je v primerjavi s trimesečno obrestno mero Euribor ustvarila negativna marža.
The Commission points out that the legacy portfolio of loans to customers not belonging to the sectors defined above is large, with a nominal value of EUR [20-40] billion on 30 September 2012. All of this portfolio is to be placed in run-off management.
Komisija poudarja, da je portfelj preostalih posojil strankam, ki ne spadajo v prej opredeljene sektorje, velik, njegova nominalna vrednost pa je 30. septembra 2012 znašala [20–40] milijard EUR. Za ves ta portfelj bo uveden likvidacijski postopek.
The Gissler charter is a charter of good conduct signed by French banks and associations of elected officers representing local authorities in France.
Gisslerjeva listina je listina dobrega ravnanja, ki so jo podpisale francoske banke in združenja izvoljenih uradnikov, ki so zastopniki lokalnih skupnosti v Franciji.
Confirmed by a circular dated 25 June 2010, this charter classified loans by their level of structuring.
V tej listini, ki je bila potrjena v okrožnici z dne 25. junija 2010, so bila posojila razvrščena glede na njihovo stopnjo strukturiranja.
This guarantee would have been granted for outstanding assets of a maximum of EUR 10 billion and would have been exercised after applying a deduction of EUR 500 million, up to a limit of 70 % of the amounts due in respect of those commitments and a total amount of EUR 6,65 billion. The remuneration by DCL of the State counter-guarantee would have been EUR 10 million per annum.
To jamstvo bi se odobrilo za neporavnana sredstva v višini največ 10 milijard EUR in bi se izvedlo po zmanjšanju v višini 500 milijonov EUR do meje 70 % zneskov, ki se dolgujejo glede navedenih zavez, in skupnega zneska 6,65 milijarde EUR. Družba DCL bi s posrednim jamstvom države prejela 10 milijonov EUR letno.
Private Sector Involvement.
„Private Sector Involvement“.
See recital 80.
Glej uvodno izjavo 80.
Residential Mortgage-Backed Securities.
„Residential Mortgage-Backed Securities“.
European Banking Authority.
„European Banking Authority“.
The reduction of 100 basis points in the 10-year swap rate between June 2011 and October 2011 thus resulted in an increase of over EUR [0-25] billion in the cash collateral to be paid to counterparties. Sensitivity is not stable, however, and is also influenced by other factors such as movements in the rates curve.
Zaradi znižanja za 100 bazičnih točk v 10-letni stopnji razmika med junijem 2011 in oktobrom 2011 se je zavarovanje z denarnimi sredstvi, ki ga je treba plačati nasprotnim strankam, tako povečalo na več kot [0–25] milijard EUR. Vendar občutljivost ni stabilna, saj nanjo vplivajo tudi drugi dejavniki, kot so gibanja v krivulji obrestnih mer.
See point 24 of the Communication from the Commission on the application of the European Union State aid rules to compensation granted for the provision of services of general economic interest. OJ C 8, 11.1.2012, p. 4: ‘In many other Member States, hospitals and other health care providers offer their services for remuneration, be it directly from patients or from their insurance. In such systems, there is a certain degree of competition between hospitals concerning the provision of health care services. Where this is the case, the fact that a health service is provided by a public hospital is not sufficient for the activity to be classified as non-economic.’
Glej točko 24 Sporočila Komisije o uporabi pravil Evropske unije o državni pomoči za nadomestilo, dodeljeno za opravljanje storitev splošnega gospodarskega pomena (UL C 8, 11.1.2012, str. 4): „V veliko drugih državah članicah bolnišnice in drugi izvajalci zdravstvenih storitev svoje storitve opravljajo v zameno za plačilo, bodisi neposredno od bolnikov ali prek njihovega zavarovanja. V takšnih sistemih obstaja med bolnišnicami določena stopnja konkurence v zvezi z opravljanjem zdravstvenih storitev. Zgolj dejstvo, da zdravstvene storitve opravlja javna bolnišnica, v tovrstnih primerih ni dovolj, da bi se lahko dejavnost razvrstila med negospodarske dejavnosti.“
The Member States concerned will also forward proposals to the Commission in respect of a reduction of the Dexia Group’s general and personnel costs if, at the end of the accounting year in question, (i) the net banking profit is more than 20 % lower than the target set; (ii) the net profit (excluding provisions) is more than 25 % lower than the target set; (iii) the profit and loss account records losses; or (iv) the Dexia Group no longer complies with the minimum regulatory ratios in force.
Zadevne države članice bodo Komisiji tudi poslale predloge v zvezi z zmanjšanjem splošnih stroškov in stroškov zaposlenih skupine Dexia, če bo ob koncu zadevnega proračunskega leta (i) čisti bančni dobiček za več kot 20 % nižji od zastavljenega cilja, (ii) bodo bruto poslovni prihodki več kot 25 % nižji od zastavljenega cilja, (iii) bodo v izkazu poslovnega izida evidentirane izgube ali (iv) če skupina Dexia ne bo več izpolnjevala veljavnih minimalnih regulativnih razmerij.
This commitment will be effective only for the annual accounts after 2012.
Ta zaveza bo veljala le za letne računovodske izkaze po letu 2012.
The Panel will be decided from the list of French banks contributing to the calculation of the Euribor, excluding institutions considered by the NEC and its shareholders (unanimously) to be non-comparable with the NEC/DMA in terms of their long-term ratings (and prospects) and risk profiles (type of activity, geographical exposure, prudential ratios, etc.).
Odbor bo določen na podlagi seznama francoskih bank, ki prispevajo k izračunu obrestne mere Euribor, vanj pa ne bodo vključene institucije, za katere nova kreditna institucija in njeni delničaji (soglasno) menijo, da niso primerljive z novo kreditno institucijo / družbo DMA v smislu njihovih dolgoročnih bonitetnih ocen (in možnosti) ter profilov tveganj (vrsta dejavnosti, geografska izpostavljenost, bonitetna razmerja itd.).
The panel will as far as possible be formed by a minimum of three banks.
Odbor bodo, kolikor je to mogoče, sestavljale vsaj tri banke.
Committee of Evaluation and Prevention of Commercial Risks.
Odbor za oceno in preprečevanje komercialnih tveganj.
) for a limited transitional period of three to six months depending on the services concerned. In return, the NEC will provide Dexia with services (namely credit risk analysis and services connected with the in-house scoring system) for a maximum of six months.
Nova kreditna institucija pa bo skupini Dexia v zameno največ šest mesecev zagotavljala storitve (kot so: analiza kreditnega tveganja in storitve, povezane z notranjim sistemom točkovanja).
Expected losses over the period 2012-16 (including on the portfolios of PWB and RCB loans) amount to EUR [700-1000] million and EUR [1000-1350] million for the baseline and stress scenarios respectively. Related to the total balance of loans to customers and investment portfolios, these losses represent an annual cost of [10-25] basis points.
V obdobju 2012–2016 znašajo pričakovane izgube (vključno s portfeljema posojil pri bančnih poslih za javnost in podjetja ter pri poslovanju s prebivalstvom in komercialnem bančništvu) po osnovnem scenariju [700–1000] milijonov EUR, po scenariju izjemnih situacij pa [1000–1350] milijonov EUR. V zvezi s skupno bilanco posojil za stranke in portfeljev naložb pomenijo te izgube letni strošek v višini [10–-25] bazičnih točk.
The Group is planning new public banking loan production of some EUR [2,5-5] billion in 2013 and a maximum of EUR [2,5-6] billion in the following years. Total outstanding loans should remain stable at EUR [25-50] billion.
Skupina DBB/Belfius načrtuje, da bo v letu 2013 ustvarila nova javna bančna posojila v višini [2,5-5] milijard EUR, v prihodnjih letih pa največ [2,5–6] milijard EUR. Skupna neodplačana posojila bi morala ostati nespremenljiva v višini [25–50] milijard EUR. Banka DBB/Belfius je začela glede cene, ponujene strankam za posojila, ubirati konservativnejši pristop kot v preteklosti, pri katerem se bolje upošteva zlasti cena likvidnih sredstev.
Holding Communal
Družba Holding Communal
On the basis of this analysis commissioned by the Commission, total losses (losses from unpaid amounts and litigation-related losses) for DMA were EUR [1,5-4,5] billion in a baseline scenario and EUR [3-8] billion in a stress scenario. The Member States concerned considered that these losses could be reduced by some 70 % to 80 % if the loans were desensitised.
Na podlagi te analize, ki jo je naročila Komisija, so skupne izgube (izgube zaradi neplačanih zneskov in zaradi tveganja sodnega postopka) za družbo DMA po osnovnem scenariju znašale [1,5–4,5] milijarde EUR, po scenariju izjemnih situacij pa [3–8] milijard EUR. Če bi se posojila desenzibilizirala, bi se lahko po mnenju zadevnih držav članic te izgube zmanjšale za okrog 70 % do 80 %.
Like the temporary refinancing guarantee provisionally authorised by the temporary approval decision, 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, the final refinancing guarantee for EUR 85 billion constitutes State aid. The final refinancing guarantee involves State resources.
Tako kot začasno jamstvo za refinanciranje, začasno dovoljeno s sklepom o začasni odobritvi, sklepom o prvem podaljšanju jamstva, sklepom o povečanju zgornje meje jamstva ter sklepom o drugem podaljšanju jamstva, pomeni državno pomoč tudi končno jamstvo za refinanciranje v višini 85 milijard EUR. V končno jamstvo za refinanciranje so vključena državna sredstva.
NEC JV
skupno podjetje
The new borrowing need is EUR 19,5 billion on average in scenario 1-a and EUR 21,5 billion in scenario 1-b. Outstanding debt would reach EUR 175 billion and EUR 185 billion respectively by the end of 2016.
Nova potreba po izposojanju znaša po scenariju 1-a v povprečju 19,5 milijarde EUR, po scenariju 1-b pa 21,5 milijarde EUR. Do konca leta 2016 bi neporavnani dolg znašal 175 milijard EUR oziroma 185 milijard EUR.
As regards the price offered to customers for loans, DBB/Belfius has started to take a more conservative approach than in the past which takes better account of the price of liquidity in particular. This price was set beforehand as a flat rate depending on the term of the loan.
Cena je bila vnaprej določena kot pavšal, odvisen od pogojev posojila.
The investment bank consultant recruited by the bank estimated, on the basis of an analysis of 63 % of the portfolio (sovereign exposures to Belgium and France, small-scale exposures and those reaching maturity in 2012 were excluded from the analysis) that the expected loss on this portfolio by 2012-16 was EUR [350-550] million and EUR [800-1000] million in the baseline scenario and the stress scenario respectively. In the period 2012-16, as a result of existing provisions and the impact of the de-risking programme, these expected losses would have a net impact of EUR [200-400] million on the profit and loss account.
Svetovalec investicijske banke, ki ga je zaposlila banka DBB/Belfius, je na podlagi analize 63 % portfelja ocenil (pri čemer so bile iz analize izključene naložbe z državno izpostavljenostjo do Belgije in Francije, tiste z majhno izpostavljenostjo in naložbe, ki so zapadle leta 2012), da je v obdobju 2012–2016 pričakovana izguba tega portfelja po osnovnem scenariju [350–550] milijonov EUR in po scenariju izjemnih situacij [800–1000] milijonov EUR. Zaradi obstoječih določb in učinka programa za zmanjševanje tveganj bi imele te pričakovane izgube v obdobju 2012–2016 neto učinek [200–400] milijonov EUR na izkaz poslovnega izida.
The stress scenario would downgrade the cumulative net result prior to taxation by EUR [400-750] million between 2012 and 2016. The result would be EUR [0-3] billion as against EUR [0-3] billion in the baseline scenario. The 2016 return on equity would be only marginally affected.
S scenarijem izjemnih situacij bi se v obdobju 2012–2016 kumulativni čisti poslovni izid pred obdavčitvijo znižal za [400–750] milijonov EUR. Poslovni izid bi tako znašal [0-3] milijarde EUR, po osnovnem scenariju pa [0–3] milijarde EUR. To bi v letu 2016 le obrobno vplivalo na donos iz lastniških instrumentov.
Given that these losses could prove sizeable, perhaps around EUR [1,5-4,5] billion according to an analysis conducted by an external auditor for the Commission, the long-term viability of DMA could be under threat without this commitment. Second, the shareholders’ actual commitment (which already exists under this Decision and the attached commitments concerning the DMA sale operation) to go ahead with this recapitalisation also confers an advantage on the development bank, since the market’s awareness of this information works in the development bank’s favour.
Brez te zaveze bi bila lahko ogrožena dolgoročna poslovna uspešnost družbe DMA, saj bi se lahko te izgube glede na analizo zunanjega revizorja Komisije izkazale za precejšnje, morda okrog [1,5–4,5] milijarde EUR. Drugič, dejanska zaveza delničarjev (ki v skladu s tem sklepom in priloženimi zavezami glede transakcije prodaje družbe DMA že obstaja) za izvedbo te dokapitalizacije prav tako daje prednost razvojni banki, saj dejstvo, da na trgu poznajo to informacijo, deluje v prid razvojni banki.
The Commission notes that a number of factors are likely to affect the Group’s profitability if market conditions are unfavourable: 1) the PMG investment portfolio had a book value of EUR 17,35 billion and a marked-to-market value of only EUR [10-20] billion on 31 December 2011, giving a marked-to-market loss of EUR [0-5] billion ([15-35] % of the book value); 2) as regards the methods used by the investment bank consultant, no loss is expected in the next five years on EUR 5 billion of exposures to securitised products (ABS and MBS) either in the baseline scenario or in the stress scenario; (3) DBB/Belfius held a EUR [150-200] million position on Greek RMBS [166] on 31 December 2011. That position was reduced to EUR [100-150] millions in May 2012.
Komisija navaja, da bodo v primeru neugodnih tržnih pogojev na donosnost banke DBB/Belfius verjetno vplivali številni dejavniki, kot so: 1) dne 31. decembra 2011 je knjigovodska vrednost portfelja naložb PMG znašala 17,35 milijarde EUR, vrednost glede na tržne razmere pa le [10–20] milijard EUR, tako je izguba glede na tržne razmere znašala [0–5] milijarde EUR (tj. [15–35] % knjigovodske vrednosti), 2) kar zadeva metode, ki jih je uporabil svetovalec investicijske banke, se v naslednjih petih letih glede 5 milijard EUR izpostavljenosti do listinjenih produktov (finančnih instrumentov, zavarovanih z zastavo premoženja, in finančnih instrumentov, zavarovanih z zastavo hipoteke) niti po osnovnem scenariju niti po scenariju izjemnih situacij ne pričakujejo nobene izgube in 3) banka DBB/Belfius je imela dne 31. decembra 2011 pozicijo v grških finančnih instrumentih, zavarovanih s stanovanjsko hipoteko [166], v višini [150–200] milijonov EUR. Ta pozicija se je maja 2012 zmanjšala na [100–150] milijonov EUR. Pričakovana izguba zaradi te izpostavljenosti je po osnovnem scenariju znašala [15–35] milijonov EUR, po scenariju izjemnih situacij pa [50–100] milijonov EUR. Glede na izračune investicijske banke znaša pričakovana izguba v primerljivih makroekonomskih razmerah, kot jih je banka DBB/Belfius uporabila v osnovnem scenariju, približno [50–100] milijonov EUR.