natgillin/translations-raw huggingface dataset:
Transparency and disclosure
Ponovna vzpostavitev uspešnega poslovanja bo dosežena tudi s čiščenjem bilance stanja NLB z načrtovanim prenosom nedonosnih sredstev na DUTB.
As regards transparency and disclosure, section 5.1 of the Impaired Assets Communication requires full ex-ante transparency and disclosure of impairments by eligible banks on the assets which will be covered by the relief measures, based on an adequate valuation, certified by recognised independent experts and validated by the relevant supervisory authority.
NLB bo imela korist tudi od boljše učinkovitosti zaradi ukrepov za zmanjšanje stroškov in stabilizacije prihodka.
The Impaired Assets Communication requires that disclosure and valuation should take place prior to government intervention.
Načrt prestrukturiranja za zagotavljanje uspešnega poslovanja banke ob upoštevanju prenosa nedonosnih sredstev na DUTB predpostavlja, da bo država banko leta 2013 dokapitalizirala z 1,558 milijarde EUR in da bodo v celoti odpisane podrejene obveznice skupaj z lastniškim kapitalom delničarjev v višini 250 milijonov EUR.
An initial valuation of the assets has been performed by the Bank of Slovenia.
Točka 10 sporočila o prestrukturiranju zahteva, da predlagani ukrepi prestrukturiranja prispevajo k odpravljanju slabosti subjekta.
First, a stress test was also disclosed on 10 May 2013 by the Bank of Slovenia, indicating the capital impacts of the transfer of asset from the three main Slovenian banks to the BAMC.
Načrt prestrukturiranja najprej pojasni vzroke za težave NLB.
Second, the results of the AQR/ST, carried out by independent experts, were disclosed on 4 December 2013, indicating the capital shortfall of the Slovenian banks under a stress scenario.
Portfelj posojil NLB je bil med krizo močno prizadet in je ustvaril velike izgube zaradi oslabitve.
The asset classes to be transferred have been clearly identified, and the transfer will only be performed on the basis of the valuation methodology approved by the Bank of Slovenia.
Rast portfelja posojil je financiral trg financiranja za podjetja, zaradi česar se je razmerje med posojili in vlogami izjemno povečalo (s 74 % leta 2002 na 137 % leta 2009).
The Member State has thus provided sufficient transparency and disclosure on the entirety of NLB's impaired assets to be transferred to the BAMC.
Banka v tem času ni dovolj okrepila lastnega kapitala in se je pred začetkom krize močno zanašala na hibridne instrumente.
In particular, the AQR/ST identifying the shortfall of capital of the bank was carried out by external experts.
NLB je pred krizo nakopičila izpostavljenosti do gradbene industrije, trgovcev z nepremičninami in finančnih holdingov, vendar ni hkrati izboljševala kakovosti s tem povezanega upravljanja tveganja.
Management of the assets
Kopičenje slabih posojil se je ob začetku krize in upočasnitvi gospodarske rasti izkazalo za katastrofalno.
As regards the management of assets, section 5.6 of the Impaired Assets Communication stipulates the necessity of ensuring a clear functional and organisational separation between the beneficiary bank and its assets, notably as to their management, staff and clientele.
Nacionalni program izgradnje cest se je zaključil leta 2008, domače povpraševanje po nepremičninah pa se je močno zmanjšalo.
The Communication provides in that respect that such arrangements should allow the bank to focus on the restoration of viability and to prevent possible conflicts of interest.
Finančni vzvod večine slovenskih družb je bil visok, nanje pa so pritiskali upad gospodarske rasti, amortizacija sredstev in delnic ter omejen dostop do kreditov.
The assets will be managed by the BAMC, which is fully independent from NLB.
Zaradi resnega upada gospodarske rasti in slabega okvira upravljanja tveganj se je večal obseg slabih posojil.
Section 5.5 of the Impaired Assets Communication notes that a correct and consistent approach to valuation is of key importance to prevent undue distortions of competition.
Eden od razlogov za težave banke so bila tudi šibka pravila korporativnega upravljanja in posledično vplivanje države na vsakodnevno poslovanje banke.
The main aim of valuation is to establish the REV of the assets.
Za ponovno vzpostavitev dolgoročno uspešnega poslovanja je zato treba razrešiti pet pomembnih vprašanj.
That value constitutes the benchmark level in so far as a transfer of impaired assets at that value indicates the compatibility of aid — it creates a relief effect because it is in excess of the current market value but keeps the aid amount to the minimum necessary.
Okrepiti je treba korporativno upravljanje banke ter tako zagotoviti, da bo ekonomsko upravičene poslovne odločitve sprejemala izključno uprava banke in da država ne bo vplivala na vsakodnevno poslovanje.
The Bank of Slovenia assessed the portfolio and the Commission has scrutinised with external experts the valuation and the underlying general methodology in order to ensure a consistent approach at Union level.
Banka mora izboljšati svoje politike oblikovanja cen in okvir upravljanja tveganj, da se ohranijo marže in čim bolj zmanjšajo izgube.
The conclusions are the following:
NLB mora očistiti svojo bilanco stanja in zmanjšati izpostavljenost do problematičnih sektorjev, in sicer z ustreznim oblikovanjem rezervacij in razdolževanjem problematičnih sredstev oziroma s prenosom problematičnih posojil na DUTB.
the materials submitted by NLB provide a thorough analysis of high qualitative standard;
Banka mora popraviti strukturo svoje bilance stanja z dokapitalizacijo in povečanjem obsega vlog ali zmanjšanjem količnika finančnega vzvoda.
a rating-based approach using NLB's ratings and updated financial balance sheet data would be relevant for the portfolio transferred to the BAMC;
Banka mora izboljšati svojo učinkovitost, da bo zagotovila ustrezno stopnjo donosnosti.
the estimated REV of the corporate loan book of NLB ranges at 60,2 % of the gross exposure, with an error margin of +/- 5 %, on the basis of a comparative stresses method.
Krepitev okvira korporativnega upravljanja
The comparative stresses method applies a stress to the level of provisions as determined by an asset quality review.
Zaveze bodo zagotovile neodvisnost odbora in uprave pri določanju meril za odobritev posojil.
The Commission and its external experts calibrated that level of stress using case practice.
Te zaveze bodo zagotovile, da bo oblikovanje cen posojil temeljilo na politiki oblikovanja cen, ki bo določila pravila glede minimalne donosnosti lastniškega kapitala za vsa posojila in tako omejila možnosti banke, da zaradi zunanjih vplivov posojila odobri po ceni, nižji od tržne.
The level of the REV as estimated by the experts refers to the corporate loan book of NLB, which is larger than the portfolio which has been finally identified for the transfer to BAMC.
Zdi se, da zaveze ustrezno obravnavajo in odpravljajo glavne slabosti korporativnega upravljanja NLB.
Therefore that estimate cannot be used as a proxy for the assessment of the REV of the portfolio to be transferred to the BAMC.
Da se preprečijo navzkrižja interesov ter zagotovi podjetniška naravnanost strategije in odločitev, določajo ustrezne zaščitne ukrepe, na katere ne vplivajo nobeni zunanji vplivi in katerih edini namen je doseganje čim večje vrednosti.
On the basis of those elements, the Commission assessed the REV of the portfolio.
Zaradi načrtovanih sprememb korporativnega upravljanja bo banka manj dovzetna za zunanje vplive, z izboljšanim nadzorom in preglednostjo vodstvenih odločitev pa se bo povečala njena tržna disciplina.
For that assessment, the Commission segregated two categories of loans:
NLB bo nadalje preverila ustreznost svojih politik spodbud in prejemkov ter si prizadevala, da z njima ne bo spodbujala neprimernih tveganj in da ju bo usmerila v dolgoročne podjetniške cilje.
loans to going concern undertakings on the one hand and loans to credit restructurings and defaulted loans on the other hand.
Poleg tega bo v skladu s točkami 37 do 39 sporočila o bančništvu iz leta 2013 do 31. decembra 2017 omejen skupni prejemek članov uprave in zaposlenih s posebno naravo dela, kar bo spodbudilo pravočasno izvajanje načrta prestrukturiranja.
The REV of equities was assessed separately.
Slovenija se zavezuje tudi, da bo svoj delež do […] % v NLB do […] odprodala vlagatelju, ki je neodvisen in ni povezan z Republiko Slovenijo.
For loans to going concern undertakings, the Commission applied a rating-based approach as recommended by the external experts.
Ta odprodaja bo znatno zmanjšala zunanji vpliv na upravljanje in poslovne dejavnosti banke.
On the basis of the current rating of NLB and updated financial information on the exposure, the Commission determined a probability of default.
Krepitev politik oblikovanja cen in okvira upravljanja tveganj
Then the loss given default was assessed following a detailed analysis of collaterals, on the basis of existing credit documentation or prior credit quality review exercises.
NLB bo svoje politike oblikovanja cen in okvir upravljanja tveganj izboljšala zlasti s številnimi pravili in ukrepi, namenjenimi zaščiti najboljših poslovnih interesov banke.
For loans to credit restructurings and defaulted exposures, the Commission focussed on the analysis of collateral in order to assess the value to be recovered in a liquidation scenario, using prudent assumptions as to the value of the collaterals and factoring in the results of the AQR/ST.
Navedeni ukrepi med drugim vključujejo usposabljanje osebja, kreditno točkovanje strank, oblikovanje cen novih produktov in preverjanje postopka za upravljanje kreditnih tveganj.
For equities, the Commission reviewed the valuation reports submitted by Slovenia to assess whether the market values reported were in line with market quotes for listed companies, and whether the valuation methodology used for unlisted companies was in line with market standards.
S tem povezano izboljšanje politik oblikovanja cen in okvira upravljanja tveganj NLB je ustrezno in potrebno zaradi izvajanja strožjih kreditnih politik v zvezi z novimi posojili in bolj zadržano politiko oblikovanja rezervacij.
The Commission concludes that the REV of the loan portfolio is EUR 617 million for a nominal amount of EUR 2,3 billion, and that the REV of the equity portfolio is EUR 94 million.
Te reforme obravnavajo slabosti NLB, zaradi katerih je imela slab portfelj posojil, preveč slabih posojil in visoke stroške za kredite.
The Restructuring Plan provides for a transfer of the assets to the BAMC at REV.
Ker navedeni ukrepi obravnavajo vzroke za nizko donosnost, prispevajo k vzpostavitvi dolgoročno uspešnega poslovanja NLB.
Regarding the market value, the Commission uses a spread coverage method to assess the current market value at the time of the transfer.
Načrt prestrukturiranja predvideva tudi organizacijsko delitev stranskih in osrednjih dejavnosti NLB.
On that basis the market value of the portfolio is estimated at EUR 486 million for loans and 94 million for equities.
Ta reorganizacija bo NLB omogočila, da bo racionalizirala svoje osrednje dejavnosti.
Therefore the amount of aid is the difference between the transfer value and the market value, which is EUR 130 million.
Ta delitev ji bo tudi omogočila, da za opuščanje stranskih dejavnosti banke in upravljanje nedonosnih sredstev na način, s katerim bo dosegla čim večjo vrednost izterjanih sredstev, uporabi bolj specializiran pristop.
Burden-sharing and remuneration
Usmerjanje poslovanja v manj tvegane dejavnosti
As regards burden-sharing, section 5.2 of the Impaired Assets Communication repeats the general principle that banks ought to bear the losses associated with impaired assets to the maximum extent so as to ensure equivalent shareholder responsibility and burden-sharing.
NLB bo na DUTB prenesla portfelj oslabljenih sredstev v vrednosti 2,3 milijarde EUR, zaradi česar se bo lahko osredotočila na upravljanje dobrih posojil, ob čemer bo sprostila sredstva za reševanje preostalih slabih posojil.
Thus, the assets should be transferred at a price that matches or remains below their REV.
NLB se bo s prihodnjo strategijo preusmerila v bolj konservativne dejavnosti, njeni osrednji segmenti pa bodo bančne storitve za prebivalstvo, MSP in, selektivno, za podjetja v Sloveniji.
Slovenia commits to a transfer price of the assets at their REV or below and is therefore in line with the Impaired Assets Communication.
To bo mogoče z obsežno odprodajo in zmanjšanjem stranskih dejavnosti, zaradi česar bodo na voljo sredstva za osrednje dejavnosti.
Conclusion on the impaired assets measure
Popravljanje strukture bilance stanja
In light of the above, the Commission considers that the transfer of impaired assets to the BAMC meets all the conditions and requirements of the Impaired Assets Communication as adapted and complemented by the 2013 Banking Communication.
V znesku tretje dokapitalizacije so upoštevane potrebe banke, ugotovljene na podlagi pregleda kakovosti sredstev in stresnih testov.
Compatibility with the Restructuring Communication supplemented by the 2013 Banking Communication
Po tej dokapitalizaciji bo količnik temeljnega kapitala v skladu z uredbo EU o kapitalskih zahtevah takoj dosegel 15 %, do 31. decembra 2017 pa stopnjo [10–20] %, kar je precej več od kapitalske zahteve Banke Slovenije, ki je količnik temeljnega kapitala v skladu z uredbo EU o kapitalskih zahtevah določila na 9 %.
According to point 31 of the 2013 Banking Communication, any restructuring plan involving restructuring aid will, with the exception of the requirements on capital raising and burden-sharing, continue to be assessed on the basis of the Restructuring Communication.
Poleg tega bo NLB očistila svojo bilanco stanja s prenosom obsežnega portfelja nedonosnih in oslabljenih sredstev na DUTB.
According to the Restructuring Communication and the 2013 Banking Communication, first, the restructuring plan has to demonstrate that the restructuring process a beneficiary of State aid is undergoing is suitable to restore its long-term viability.
NLB bo svoj profil financiranja izboljšala z zmanjšanjem financiranja svojih podružnic v skupini, odprodajo stranskih dejavnosti in osredotočenjem na vloge prebivalstva, ki so bile že v preteklosti njen vir financiranja.
Second, the aid amount must be limited to the minimum necessary and both shareholders and subordinated creditors must contribute to reducing the capital shortfall to the maximum extent.
Razmerje med posojili in vlogami, ki je leta 2012 znašalo 105 %, se bo do 31. decembra 2017 zmanjšalo na [70–80] %.
Third, measures need to be in place to limit distortion of competition created by artificially supporting the market power of the beneficiary and to ensure a competitive banking sector.
Ponovna vzpostavitev dolgoročne donosnosti
Finally, monitoring and procedural issues need to be addressed.
Banka bo dolgoročno donosnost ponovno vzpostavila s strateško preusmeritvijo na svoje osnovne osrednje bančne dejavnosti za prebivalstvo, MSP in, selektivno, za podjetja v Sloveniji, zaradi česar bo izpolnila svoje cilje glede donosnosti lastniškega kapitala.
Restoration of long-term viability
Banka bo svojo neto obrestno maržo izboljšala z ustreznim oblikovanjem cen novih posojil.
As set out under the Restructuring Communication, the Member State needs to provide a comprehensive restructuring plan which demonstrates how the long-term viability of the beneficiary will be restored without State aid within a reasonable period of time and within a maximum of five years.
Oblikovanje cen novih posojil bo zlasti prispevalo k temu, da bo pozitivna donosnost lastniškega kapitala leta 2014 znašala vsaj […] %, leta 2015 vsaj […] %, leta 2016 vsaj […] % in leta 2017 vsaj […] % pri vsakem poslu, sklenjenim s strankami.
Long-term viability is achieved when a bank is able to compete in the marketplace for capital on its own merits in compliance with the relevant regulatory requirements.
NLB bo tudi zabeležila vse odločitve v zvezi s prestrukturiranjem.
For a bank to do so, it must be able to cover all its costs and provide an appropriate return on equity, taking into account the risk profile of the bank.
V dokumentacijo bo vključila primerjavo z alternativnimi rešitvami, kot so izvršbe na sredstvih zavarovanja in prenehanje sodelovanja.
The return to viability should mainly derive from internal measures and be based on a credible restructuring plan.
Dokazala bo, da je izbrala rešitev, ki čim bolj poveča neto sedanjo vrednost za banko.
The Restructuring Plan for NLB covering the period up to 31 December 2017 shows a return to viability at the end of that restructuring period.
NLB načrtuje tudi dolgoročni program zmanjšanja stroškov z obsežno konsolidacijo mreže poslovnih prostorov in podružnic ter zmanjšanjem števila zaposlenih, pa tudi z izboljšanjem učinkovitosti, prizadevanjem za pridobivanje strank na čim bolj donosen in tveganju prilagojen način ter optimizacijo likvidnostnih in drugih stroškov.
The main trigger is the expected improvement in the quality of the portfolio and the reduced need for additional impairments and provisioning.
Načrt prestrukturiranja na tej podlagi predvideva zmanjšanje razmerja med stroški in prihodki na manj kot 60 %, kar je primerljivo s stopnjami, ki jih je banka dosegala pred krizo.
The return to viability will also be achieved by the cleaning of NLB's balance sheet resulting from the planned transfer of non-performing assets to the BAMC.
Donosnost lastniškega kapitala NLB po obdavčitvi bo do 31. decembra 2017 znašala [5–10] %, količnik temeljnega kapitala v skladu z uredbo EU o kapitalskih zahtevah pa [10–20] %.
NLB will also profit from improved operational efficiency resulting from cost reduction measures and stabilisation of income.
Dobiček NLB po obdavčitvi bo leta 2017 znašal [100–150] milijonov EUR.
To ensure the bank's viability after taking into account the transfer of non-performing assets to the BAMC, the Restructuring Plan is based on the assumption of a recapitalisation by the State of EUR 1,558 billion in 2013 and a full write-off of subordinated bonds and shareholders' equity in the amount of EUR 250 million.
Tok oslabljenih sredstev naj bi se s postopnim izvajanjem načrta prestrukturiranja sčasoma zmanjšal.
Point 10 of the Restructuring Communication requires that the proposed restructuring measures remedy the entity's weaknesses.
Profil kreditnega tveganja banke se bo zboljšal zaradi prenosa oslabljenih sredstev na DUTB, zavez, povezanih z upravljanjem kreditnega tveganja in prestrukturiranjem slabih posojil, ki bodo ostala v njenih knjigah, da se doseže njihova čim večja neto sedanja vrednost za banko, pa tudi drugih ukrepov, ki krepijo okvir upravljanja tveganj banke.
The Restructuring Plan first explains the causes of NLB's difficulties.
Komisija zato meni, da bo načrt prestrukturiranja NLB ponovno omogočil dolgoročno uspešno poslovanje.
NLB's loan portfolio was badly hit during the crisis and generated high amounts of impairment losses.
Lastni prispevek in porazdelitev bremena
The growth of the loan book was funded by the wholesale market, which resulted in soaring loan-to-deposit ratios (from 74 % in 2002 to 137 % in 2009).
Sporočilo o prestrukturiranju, dopolnjeno v sporočilu o bančništvu iz leta 2013, navaja, da je ustrezen prispevek upravičenca potreben zaradi omejitve pomoči na najmanjši potrebni znesek ter obravnavanja izkrivljanj konkurence in moralnega tveganja.
In the meantime, the bank did not sufficiently strengthen its capital base and relied heavily on hybrids before the start of the crisis.
Zato določa, da (i) bi bilo treba omejiti stroške prestrukturiranja in znesek pomoči ter (ii) da se mora breme v največji možni meri porazdeliti med obstoječe delničarje in podrejene upnike.
Prior to the crisis, NLB accumulated exposures to the construction industry, property developers and financial holdings, but the quality of the associated risk management lagged behind.
Ustrezna porazdelitev bremena po začetnem pokritju izgub z lastniškim kapitalom običajno vključuje prispevke imetnikov hibridnega kapitala in imetnikov podrejenih dolžniških instrumentov.
The accumulation of bad loans proved to be disastrous when the crisis started and the economy slowed.
Imetniki hibridnega kapitala in podrejenih dolžniških instrumentov morajo čim bolj prispevati k zmanjšanju kapitalskega primanjkljaja.
The national road construction programme ended in 2008 and the domestic demand for real estate declined drastically.
Ti prispevki se lahko zagotovijo v obliki pretvorbe v navaden lastniški temeljni kapital [20] ali v obliki odpisa glavnice instrumentov.
Most Slovenian companies were highly leveraged and found themselves squeezed with an economic downturn, a depreciation of assets and stocks and reduced access to credit.
Vsekakor je treba v pravno sprejemljivem okviru preprečiti denarne odlive upravičenca v korist imetnikov takih vrednostnih papirjev.
Indeed, non-performing loans reached 29 % of gross loans for NLB at 30 September 2012, with the worst record for the construction industry (74 %).
Kapitalski primanjkljaj, ki ga je treba pokriti s tretjo dokapitalizacijo, je bil določen na podlagi pregleda kakovosti sredstev in stresnih testov.
As a result, losses after tax amounted to EUR 87 million in 2009, EUR 202 million in 2010, EUR 240 million in 2011 and EUR 273 million in 2012.
Ocena kapitalskega vložka temelji zlasti na vrednotenju sredstev, ki kaže, da je ta stopnja potrebna in zadostna za premagovanje stresne situacije.
Weak corporate governance rules and the resulting influence of the State in the day-to-day business of the bank was also one of the reasons leading to the problems of the bank.
Pregled kakovosti sredstev in stresni testi so prispevali k večji gotovosti glede stopnje potrebnega kapitala.
Therefore five major issues must be tackled for the return to long-term viability.
Znesek tretje dokapitalizacije bo banki omogočil, da izpolni svoje regulativne kapitalske zahteve in pričakovanja trga.
First, the bank's corporate governance must be enhanced to ensure that economically justified business decisions are taken exclusively by the bank's management and that the State will not influence the day-to-day business.
Poleg tega bo vzpostavljen mehanizem za poplačilo kapitala, ki bo omejil kopičenje presežnega kapitala v NLB;
Second, the bank must improve its pricing policies and risk management framework so that margins are preserved and losses minimised.
v skladu s tem mehanizmom bo morala NLB v poslovnih letih 2015, 2016 in 2017 izplačati dividende, izračunane na podlagi rastočega odstotka morebitnega presežnega kapitala.
Third, NLB must clean its balance sheet and reduce its exposure to problematic sectors, either through a proper provisioning and deleverage of problematic assets or through a transfer of problematic loans to the BAMC.
Mehanizem za poplačilo kapitala zagotavlja, da bo banka s kapitalom, ki bo presegal minimalne regulativne kapitalske zahteve, pred opravljanjem novih dejavnosti najprej poplačala državo.
a.
Komisija meni, da se bo s tem, ko bodo podružnice dividende lahko izplačale NLB d.d., prispevalo k ohranjanju zneska pomoči na najnižjega potrebnega, omogočilo ustrezno stopnjo prožnosti za učinkovito upravljanje konsolidiranega kapitala in likvidnosti NLB ter olajšalo povračilo pomoči.
Strengthening the corporate governance framework
Dejstvo, da bodo zaradi tega tudi manjšinski delničarji podružnic prejeli del dividend, pomeni sorazmeren učinek prelivanja v primerjavi z navedenimi ugodnostmi, zlasti če se upošteva, da se bo vsem delničarjem razen NLB d.d. sčasoma izplačal relativno majhen znesek dividend, ki ne bo presegel ene desetine zneska dividend, ki se bo sčasoma izplačal NLB d.d.
The commitments will guarantee independence of the board and management to set lending criteria.
Zaveze glede porazdelitve bremena med delničarje in imetnike podrejenih dolžniških instrumentov so v skladu s sporočilom o prestrukturiranju, dopolnjenim v sporočilu o bančništvu iz leta 2013.