natgillin/translations-raw huggingface dataset:
Therefore, it observed that the product of the liquidation of those assets will benefit the HFSF mainly and so reduce the cost borne by the State.
Kot je bilo navedeno že v uvodni izjavi 184, je upravičenka ukrepa NP1 banka Nea Proton Bank, ki vključuje prenesene dejavnosti banke Proton Bank.
Regarding the restoration of long-term viability of New TT Bank, the Ministry of Finance observed that, as an interim credit institution, New TT Bank had to be sold within two years of its establishment, in accordance with Article 63E of Law 3601/2007.
Banka Nea Proton Bank je tudi upravičenka ukrepov NP2 in NP3.
The sale of New TT Bank would, in line with the MEFP of May 2013, be completed by 15 July 2013, thus ensuring the long-term viability of its activities.
Zato Komisija ugotavlja, da so dejavnosti banke Nea Proton Bank poleg državnih jamstev v višini 149,4 milijona EUR (ukrep Pr3) in grških državnih vrednostnih papirjev v višini 78 milijonov EUR (ukrep Pr2) prejele tudi državno pomoč v obliki kapitalske podpore v višini 2111,6 milijona EUR (ukrepi Pr1, NP1, NP2 in NP3), kot je povzeto v preglednici 9.
ASSESSMENT OF AID RELATED TO THE ACQUIRED BUSINESSES
Preglednica 9
ASSESSMENT OF AID RELATED TO NEA PROTON BANK
Pregled skupne pomoči, ki sta jo prejeli banki Proton Bank in Nea Proton Bank
Existence and the amount of aid
Znesek pomoči (v milijonih EUR)
Existence of aid in the measures granted under the Greek Banks Support Scheme (measures Pr1, Pr2 and Pr3)
financiranje likvidnostne vrzeli s PB na NPB
The EUR 80 million capital injection by the Greek State into Proton Bank in May 2009 (measure Pr1), the Greek government securities amounting to EUR 78 million obtained by Proton Bank in April 2009 (Measure Pr2) and the State guarantee given to Proton Bank for issued bonds with a nominal value of EUR 149,4 million in July 2010 (Measure Pr3) were granted under the Greek Banks Support Scheme [113].
Skupna dodeljena finančna pomoč
In the Decision approving that scheme, the Commission concluded that measures granted under that scheme would constitute State aid.
obligacijsko posojilo
As concluded in recital 38 of the Nea Proton Opening Decision, Nea Proton Bank harbours the economic activities of Proton Bank.
Jamstvo
Measures Pr1, Pr2 and Pr3 have benefited Nea Proton Bank, as they contributed to the stabilisation and the continuance of the economic activities which were transferred to it and would otherwise no longer exist.
Skupna likvidnost dodeljene pomoči
Therefore, the Commission considers that they have benefited the economic activities transferred to Nea Proton Bank.
Pravna podlaga za oceno združljivosti
Existence of aid in the coverage of the funding gap of Nea Proton Bank (measure NP1)
Člen 107(3)(b) Pogodbe Komisijo pooblašča, da presodi, ali je pomoč združljiva z notranjim trgom, če je namenjena „odpravljanju resne motnje v gospodarstvu države članice“.
In recitals 31 to 37 of the Nea Proton Opening Decision the Commission has already established that measure NP1, the intervention by the Resolution Scheme of the HDIGF and the HFSF to cover the funding gap, constitutes State aid within the meaning of Article 107(1) of the Treaty.
Komisija je potrdila, da lahko nastane zaradi svetovne finančne krize resna motnja v gospodarstvu države članice in da je takšno motnjo mogoče odpraviti z ukrepi v podporo bankam.
In recital 38 of the same decision the Commission considered Nea Proton Bank to be the economic beneficiary of that measure as Nea Proton Bank harbours the economic activity of Proton Bank which continues to exist because of the aid received.
To je Komisija potrdila v Sporočilu o bančništvu iz leta 2008, Sporočilu o dokapitalizaciji in Sporočilu o prestrukturiranju.
Existence of aid in the initial share capital injection by the HFSF and additional share capital injection by the HFSF in 2012 (measure NP2)
Komisija še vedno meni, da so pogoji za odobritev državne pomoči v skladu s členom 107(3)(b) Pogodbe, ob upoštevanju ponovitve izjemne situacije na finančnih trgih, izpolnjeni.
In recitals 41 to 43 of the Nea Proton Opening Decision the Commission has already established that the capital injection by the HFSF of EUR 250 million and the additional capital injections anticipated at the time of that Decision, amounting to a total of EUR 300 million, were State aid within the meaning of Article 107(1) of the Treaty.
Takšno stališče je potrdila s sprejetjem Sporočila o podaljšanju iz leta 2011 [117] in Sporočila o bančništvu iz leta 2013 [118].
As mentioned in recital 93 of the present Decision, out of the possible additional EUR 300 million in capital, HFSF eventually contributed an additional EUR 265 million in 2012, which brings the total recapitalisation aid in 2011 and 2012 to EUR 515 million (measure NP2).
V zvezi z grškim gospodarstvom je Komisija v svojih sklepih o odobritvi in podaljšanju programa pomoči grškim bankam ter v odobritvah ukrepov državne pomoči, ki jo je odobrila Grčija posameznim bankam [119], potrdila, da obstaja grožnja resne motnje v grškem gospodarstvu in da je državna pomoč bankam ustrezna za odpravo teh motenj.
Existence of aid in capital injection from the HFSF into Nea Proton Bank prior to its sale to the Bank (NP3)
Ukrepe pomoči je zato treba oceniti na podlagi člena 107(3)(b) Pogodbe.
The Commission considers the capital injection by the HFSF into Nea Proton Bank prior to its sale to the Bank, amounting to EUR 395 million, to be State aid within the meaning of Article 107(1) of the Treaty.
Da bi bila pomoč združljiva po členu 107(3)(b) Pogodbe, mora biti skladna s splošnimi merili združljivosti:
The capital injection was provided by the HFSF, which is an entity set up and financed by Greece to support banks, and so was made by using State resources.
primernost pomoč mora biti ciljno usmerjena, da se lahko učinkovito doseže cilj odpravljanja resne motnje v gospodarstvu;
Furthermore, the measure is selective in nature, since the capital injection only benefits Nea Proton Bank.
to se ne bi zgodilo, če ukrep ne bi bil primeren za odpravo motnje;
Moreover, the intervention provides Nea Proton Bank with a clear advantage since it enables its banking activities to remain alive.
nujnost ukrep pomoči mora biti po višini in obliki nujen za doseganje cilja;
Without the capital injection, Nea Proton Bank, which had deeply negative capital, would have gone bankrupt.
zato mora biti določen v najnižji možni višini, ki je nujna za doseganje cilja, in v obliki, ki je najbolj primerna za odpravo motnje;
In such circumstances, it would not have been possible to sell Nea Proton Bank and integrate it into a larger entity.
sorazmernost pozitivni učinki ukrepa morajo biti ustrezno uravnoteženi z izkrivljanjem konkurence, da bi se izkrivljanje omejilo na najmanjše potrebno, da bi se dosegli cilji ukrepa.
Furthermore, that recapitalisation does not comply with the market investor principle.
Med finančno krizo je Komisija razvila merila združljivosti za različne vrste ukrepov pomoči.
On the contrary, the EUR 395 million recapitalisation allowed the sale of Nea Proton Bank to take place for a price of one euro.
Načela za oceno ukrepov pomoči so bila najprej določena v Sporočilu o bančništvu iz leta 2008.
A private investor would have chosen not to proceed with the recapitalisation and to let Nea Proton Bank go bankrupt, therefore saving EUR 395 million.
Sporočilo o dokapitalizaciji [120] določa nadaljnje smernice o ravni nadomestila, potrebnega za državne kapitalske vložke.
Nea Proton Bank competes with other banks, including subsidiaries of foreign banks, which are active in Greece or potentially interested in entering the Greek market.
Poleg tega je Komisija v Sporočilu o prestrukturiranju pojasnila [121], kako bo ocenjevala načrte prestrukturiranja.
Hence, the capital injection has an effect on trade between Member States and potentially distorts competition.
V svoji oceni načrta prestrukturiranja skupine v skladu s Sporočilom o prestrukturiranju bo upoštevala vse ukrepe iz preglednice 7.
The Commission therefore concludes that the capital injection of EUR 395 million into Nea Proton Bank constitutes State aid within the meaning of Article 107(1) of the Treaty.
Ocena združljivosti ukrepov pomoči v skladu s Sporočilom o bančništvu iz leta 2008 in Sporočilom o dokapitalizaciji
Beneficiary of measure NP3
Združljivost ukrepov Pr1, Pr2 in Pr3 s Sporočilom o bančništvu iz leta 2008
As already explained in recital 188, the Commission regards Nea Proton Bank as being the beneficiary of the capital injection of EUR 395 million into Nea Proton Bank, as the aid allowed the continuation of its economic activities within the Bank.
Ukrepi Pr1, Pr2 in Pr3 so bili dodeljeni v okviru programa pomoči grškim bankam.
As to whether the sale of Nea Proton Bank entails State aid to the Bank, in line with point 49 of the 2008 Banking Communication the Commission needs to assess whether certain requirements are met.
Ukrepi na podlagi navedenega programa so bili v odločbi Komisije z dne 19. novembra 2008 razglašeni za združljive z notranjim trgom.
It needs to examine in particular whether:
Združljivost ukrepov NP1 in NP2 s Sporočilom o bančništvu iz leta 2008 in Sporočilom o dokapitalizaciji
the sale process was open and non-discriminatory;
Komisija je v sklepu o začetku postopka za banko Nea Proton odobrila ukrepa NP1 in NP2 kot pomoč za reševanje.
the sale took place on market terms;
Vendar kot je navedeno v uvodni izjavi 142, je Komisija izrazila pomisleke o nujnosti zneska iz ukrepa NP2, in sicer, ali bo banka Nea Proton Bank zmožna ponovno samostojno vzpostaviti dolgoročno uspešno poslovanje, in zato podvomila, da je takšna samostojna vzpostavitev najcenejša možnost.
and (iii) the financial institution or the government maximised the sale price for the assets and liabilities involved.
Zato je bil znesek lastniškega kapitala, ki ga je vložila država pred prodajo, nujen za uspešno prodajo.
The Bank acquired the shares in Nea Proton Bank because it submitted the only valid bid in the framework of a non-discriminatory tender procedure open to other banks and financial institutions.
Vključitev banke Nea Proton Bank v dejavnosti skupine bo glede na načrt prestrukturiranja, ki ga je skupina predložila Komisiji, rešila vprašanje dolgoročnega uspešnega poslovanja banke Nea Proton Bank.
A financial advisor of the HFSF contacted a wide number of banks, financial institutions and sponsors and only four expressed their interest in acquiring Nea Proton Bank, of which only two, the Bank and a hedge fund [114], submitted final offers.
Združljivost ukrepa NP3 s Sporočilom o bančništvu iz leta 2008 in Sporočilom o dokapitalizaciji
The Bank’s offer was the only one which complied with the process letter of the HFSF.
Primernost
Because the financial advisor contacted a wide number of banks and had set in advance the requirements and the time frame that offers should meet in order to be valid, the Commission considers that the tender was open and non-discriminatory.
V zvezi s primernostjo ukrepa NP3, tj. kapitalskega vložka sklada HFSF v višini 395 milijonov EUR v banko Nea Proton Bank pred njeno prodajo skupini, Komisija meni, da je ukrep primeren, ker je pomagal ohraniti dejavnosti banke Nea Proton Bank.
The Commission therefore concludes that the tender procedure allows it to exclude the presence of aid to the buyer.
Te dejavnosti ne bi bilo mogoče nadaljevati brez pomoči sklada HFSF, ker je bil lastniški kapital banke Nea Proton Bank ob njeni prodaji negativen in je še naprej beležila izgubo.
The Bank paid consideration of one euro and the HFSF gave a commitment to recapitalise Nea Proton Bank prior to its sale.
Banke Nea Proton Bank brez predhodne dokapitalizacije ne bi kupila nobena banka.
That negative price (that is to say, taking into account the recapitalisation of Nea Proton Bank just before the sale) does not preclude that the sale price reflects the market value of the business [115] since the net equity of Nea Proton Bank was clearly negative and it was expected to continue registering losses.
Zato ukrep omogoča ohranitev finančne stabilnosti v Grčiji.
The Commission has no reason to believe that the offer made and the price paid did not reflect the market price of the business.
Na podlagi navedenega Komisija meni, da je ukrep primeren kot pomoč za reševanje.
As a result, in line with point 49 of the 2008 Banking Communication, point 20 of the Restructuring Communication and its own decisional practice [116], the Commission concludes that the sale price was the market price and that aid to the Bank can be excluded.
Nujnost
Conclusion on the existence and total amount of aid received
V skladu s Sporočilom o bančništvu iz leta 2008 mora biti ukrep pomoči po višini in obliki nujen za doseganje cilja ukrepa.
On the basis of recitals 182 to 190, the Commission considers that measures Pr1, Pr2 and Pr3, NP1, NP2 and NP3 all fulfil the conditions laid down in Article 107(1) of the Treaty and constitute State aid.
To pomeni, da mora biti kapitalski vložek omejen na najmanjši znesek, potreben za doseganje navedenega cilja.
Regarding measures Pr1, Pr2 and Pr3, the Commission concludes that, as they contributed to the continued existence of the activities of Proton Bank which were later transferred to Nea Proton Bank, they may be considered to also benefit Nea Proton Bank which harbours those activities.
Kot je grška centralna banka navedla v svojem pismu z dne 19. julija 2013, bi lahko likvidacija banke Nea Proton Bank povzročila širitev negativnih učinkov, sprožitev nove sistemske krize in zmanjšanje zaupanja v bančni sistem, ki je bilo nedavno, po končanju postopka dokapitalizacije, ponovno vzpostavljeno.
As already stated in recital 184, the beneficiary of measure NP1 is Nea Proton Bank, which harbours the transferred activities of Proton Bank.
Komisija meni, da takšni elementi stabilnosti podpirajo nujnost ukrepa NP3.
Moreover, Nea Proton Bank is also the beneficiary of measures NP2 and NP3.
Kar zadeva obseg posredovanja, je bila višina 395 milijonov EUR določena z odprtim in nediskriminacijskim razpisnim postopkom.
Therefore, the Commission concludes that the activities of Nea Proton Bank have received State aid in form of capital support of EUR 2111,6 million (measures Pr1, NP1, NP2 and NP3), in addition to State guarantees of EUR 149,4 million (measure Pr3) and Greek government securities of EUR 78 million (measure Pr2), as summarised in Table 9.
Skupina je opravila skrbni pregled banke Nea Proton Bank.
Table 9
Kar zadeva vračilo pomoči, sklad HFSF ne bo izterjal denarja, saj je bila prodajna cena en euro.
Overview of the total aid received by Proton Bank and Nea Proton Bank
Njegov prispevek je podoben nepovratnim sredstvom.
Amount of aid (in EUR million)
Kot je navedeno v točki 44 Sporočila o dokapitalizaciji, se lahko nezadostno odplačana dokapitalizacija sprejme le v primeru bank v težavah, ki ne morejo plačati nobenega nadomestila.
Proton Bank’s activities
Komisija meni, da je to veljalo za banko Nea Proton Bank.
Financing of funding gap from PB to NPB
Ukrep kot pomoč za reševanje je torej po višini in obliki nujen za doseganje cilja omejitve motenj v grškem bančnem sistemu in celotnem gospodarstvu.
Total capital aid granted
Sorazmernost
Bond Loan
Komisija ugotavlja, da so bile po združitvi s prevzemom banke Nea Proton Bank s skupino gospodarske dejavnosti banke Nea Proton Bank prenesene na skupino.
Guarantee
Dejstvo, da pomoč rešuje navedene gospodarske dejavnosti, bi lahko teoretično povzročilo izkrivljanje konkurence.
Total liquidity aid granted
Vendar Komisija opozarja na majhnost banke Nea Proton Bank in postopek prodaje, v katerem so imeli konkurenti možnost predložitve ponudbe za banko Nea Proton Bank.
Legal basis of the compatibility assessment
Takoj po prenosu gospodarskih dejavnosti banke Nea Proton Bank bodo te tudi popolnoma vključene v skupino in bodo prenehale obstajati kot ločena gospodarska dejavnost ali konkurent.
Article 107(3)(b) of the Treaty empowers the Commission to find that aid is compatible with the internal market if it is intended ‘to remedy a serious disturbance in the economy of a Member State’.
Komisija zato ugotavlja, da pomoč ne povzroča neupravičenega izkrivljanja konkurence.
The Commission has acknowledged that the global financial crisis can create a serious disturbance in the economy of a Member State and that measures supporting banks may remedy that disturbance.
Sklepna ugotovitev o skladnosti ukrepa NP3 s Sporočilom o bančništvu iz leta 2008 in Sporočilom o dokapitalizaciji
This has been confirmed in the 2008 Banking Communication, the Recapitalisation Communication and the Restructuring Communication.
Komisija zato ugotavlja, da je ukrep NP3 primeren, nujen in glede na temeljito prestrukturiranje, predvideno za skupino, ki je zdaj prevzela gospodarske dejavnosti banke Nea Proton Bank, sorazmeren s predvidenim ciljem.
The Commission still considers that requirements for State aid to be approved pursuant to Article 107(3)(b) of the Treaty are fulfilled in view of the reappearance of stress in financial markets.
Združljivost ukrepov pomoči s Sporočilom o prestrukturiranju
The Commission confirmed that view by adopting the 2011 Prolongation Communication [117] and the 2013 Banking Communication [118].
V uvodnih izjavah 60, 61, 78 in 79 sklepa o začetku postopka za banko Nea Proton je Komisija v zvezi z ukrepi NP1 in NP2 ugotovila, da banka Nea Proton Bank verjetno ne bo mogla vrniti prejete državne pomoči, in poudarila, da je zaradi tega potrebno temeljito prestrukturiranje.
In respect to the Greek economy, in its decisions approving and prolonging the Greek Banks Support Scheme as well as in its approvals of State aid measures granted by Greece to individual banks [119], the Commission has acknowledged that there is a threat of serious disturbance in the Greek economy and that State support of banks is suitable to remedy that disturbance.
V uvodni izjavi 211 je Komisija v zvezi z nadomestilom za ukrep NP3 ugotovila, da zaradi prodajne cene banke Nea Proton v višini enega eura sklad HFSF ne bo izterjal ničesar od 395 milijonov EUR, vloženih tik pred prodajo (ukrep NP3).
Therefore, the legal basis for the assessment of the aid measures should be Article 107(3)(b) of the Treaty
Prav tako Grčija ne bo izterjala ničesar od prednostnih delnic, ki so bile izdane maja 2009, saj so z njimi povezane terjatve iz naslova lastniških vrednostnih papirjev ostale v likvidirani banki Proton Bank.
In order for an aid to be compatible under Article 107(3)(b) of the Treaty it must comply with the general criteria for compatibility:
Komisija zato ugotavlja, da je zaradi nevračila pomoči potrebno temeljito prestrukturiranje v smislu ukrepov za uspešnost poslovanja in ukrepov za omejitev izkrivljanja konkurence.
appropriateness the aid has to be well-targeted in order to be able to effectively achieve the objective of remedying a serious disturbance in the economy;
Dolgoročna uspešnost izvajanja dejavnosti banke Nea Proton Bank zaradi njene prodaje
it would not be the case if the measure were not appropriate to remedy the disturbance;
Točka 21 Sporočila o prestrukturiranju določa, da kadar kreditna institucija v težavah ne more kredibilno ponovno začeti dolgoročno uspešno poslovati, je treba razmisliti o redni likvidaciji ali prodaji banke na dražbi.
therefore it must be of the minimum amount necessary to achieve the objective, and take the form most appropriate to remedy the disturbance.
V sklepu o začetku postopka za banko Nea Proton je Komisija resno podvomila, da bi lahko banka Nea Proton Bank ponovno samostojno vzpostavila svojo dolgoročno uspešnost poslovanja, in poudarila sinergije, ki bi jih bilo mogoče doseči z vključitvijo banke v velik finančni subjekt.
proportionality the positive effects of the measure must be properly balanced against the distortions of competition, in order for the distortions to be limited to the minimum necessary to achieve the measure’s objectives.
V zvezi s tem je v točki 17 Sporočila o prestrukturiranju pojasnjeno, da lahko prodaja banke v težavah drugi finančni instituciji prispeva k ponovni vzpostavitvi uspešnega poslovanja, če kupec uspešno posluje in je sposoben absorbirati prenos banke v težavah ter lahko pripomore k povrnitvi zaupanja trgov.
During the financial crisis, the Commission has developed compatibility criteria for different types of aid measures.
V skladu z memorandumom o gospodarskih in finančnih politikah je bilo treba doseči nadaljnjo konsolidacijo bančnega sektorja, sklad HFSF pa je moral banko Nea Proton Bank prodati do 15. julija 2013.
Principles for assessing aid measures were first laid down in the 2008 Banking Communication.
Kot je navedeno v oddelku 7.5.2, se lahko skupina na podlagi svojega načrta prestrukturiranja šteje za poslovno uspešno.
The Recapitalisation Communication [120] sets out further guidance on the level of remuneration required for State capital injections.
Zaradi prenosa dejavnosti banke Nea Proton Bank na skupino je bilo mogoče ponovno vzpostaviti njihovo dolgoročno uspešnost izvajanja.
Finally, the Commission has explained in the Restructuring Communication [121] how it will assess restructuring plans.
Poleg tega je zaradi dejstva, da je banka Nea Proton Bank popolnoma vključena v skupino in je prenehala obstajati kot samostojni konkurent, potrebno temeljito prestrukturiranje, ki se zahteva zaradi nezadostnega vračila državne pomoči.
In its assessment of the restructuring plan of the Bank under the Restructuring Communication, the Commission will take into account all the measures listed in Table 7.
Lastni prispevek in porazdelitev bremena
Compatibility assessment of the aid measures under the 2008 Banking Communication and Recapitalisation Communication
Komisija je v sklepu o začetku postopka za banko Nea Proton dvomila, da so bili stroški prestrukturiranja omejeni na najnižji znesek.
Compatibility of measures Pr1, Pr2 and Pr3 with the 2008 Banking Communication
Ti dvomi izhajajo iz ugotovitev, da banka Nea Proton Bank ne bi mogla ponovno samostojno vzpostaviti dolgoročne uspešnosti poslovanja, ne da bi nastali visoki stroški.
Measures Pr1, Pr2 and Pr3 were granted under the Greek Banks Support Scheme.
Vključitev banke Nea Proton Bank v skupino, ki je večji subjekt z informacijsko infrastrukturo in strukturo obvladovanja tveganj, je rešila te dvome.
The measures included under that scheme have already been assessed as compatible with the internal market in the Commission’s decision of 19 November 2008.
Prodaja skupini prispeva k omejitvi stroškov prestrukturiranja na najnižji znesek.
Compatibility of measures NP1 and NP2 with the 2008 Banking Communication and Recapitalisation Communication
V zvezi s prispevkom delničarjev in imetnikov podrejenega dolga k stroškom prestrukturiranja je Komisija že v uvodni izjavi 77 sklepa o začetku postopka za banko Nea Proton ugotovila, da delničarji in imetniki podrejenega dolga niso bili preneseni na banko Nea Proton Bank, temveč so ostali v okviru banke Proton Bank, tj. subjekta v likvidaciji.
The Commission approved measures NP1 and NP2 as rescue aid in the Nea Proton Opening Decision.
Zato je Komisija menila, da je bila dosežena zadostna porazdelitev bremena delničarjev in imetnikov podrejenega dolga.
However, as mentioned in recital 142, the Commission raised concerns regarding the necessity of the amount of measure NP2, as to whether Nea Proton Bank would be able to restore its long-term viability on a stand-alone basis, and therefore queried that the stand-alone option would the cheapest option available.
Ukrepi za omejitev izkrivljanja konkurence
Those concerns have been addressed by the sale of Nea Proton Bank to the Bank on 15 July 2013.
V zvezi z ukrepi za omejitev izkrivljanja konkurence točka 30 Sporočila o prestrukturiranju določa: „ocena Komisije glede potrebe po takih ukrepih temelji na vrednosti in obsegu dejavnosti, ki bi jih zadevna banka opravljala po izvedbi kredibilnega načrta prestrukturiranja.