natgillin/translations-raw huggingface dataset:
Since Nea Proton Bank was sold in an open, transparent and non-discriminatory process to the Bank, the consideration paid by the Bank is considered as the market price.
Narava in oblika takih ukrepov se določita na podlagi dveh meril: prvič, na podlagi višine pomoči ter pogojev in okoliščin, v katerih je bila pomoč dodeljena, in drugič, na podlagi značilnosti trgov, na katerih bo poslovala banka upravičenka.“
As a result, the amount of the equity injected by the State prior to the sale was necessary for the success of the sale.
V zvezi z zneskom prejete pomoči Komisija opozarja na znesek skupne pomoči, ki je bila poleg državne likvidnostne podpore v višini 149,4 milijona EUR (ukrep Pr3) in grških državnih vrednostnih papirjev v višini 78 milijonov EUR (ukrep Pr2) prejeta v obliki kapitala v višini 2111,6 milijona EUR (ukrepi Pr1, NP1, NP2 in NP3).
The integration of Nea Proton Bank into the Bank’s activities will solve the long-term viability issues of Nea Proton Bank, in the light of the restructuring plan submitted by the Bank to the Commission.
Ukrep Pr1 je ustrezal 4,6 odstotka tveganju prilagojene aktive banke Proton Bank v zadevnem času.
Compatibility of measure NP3 with the 2008 Banking Communication and Recapitalisation Communication
Ukrep NP1, tj. financiranje likvidnostne vrzeli s prenosom dejavnosti z banke Proton Bank na banko Nea Proton Bank, je ustrezal približno 36 odstotkom tveganju prilagojene aktive banke Proton Bank na koncu leta 2010 ali 84 odstotkom tveganju prilagojene aktive banke Nea Proton Bank ob njeni ustanovitvi.
Appropriateness
Vložek začetnega delniškega kapitala sklada HFSF v banko Nea Proton Bank, ki je bil del ukrepa NP2, je ustrezal približno 18,8 odstotka tveganju prilagojene aktive banke Nea Proton Bank ob njeni ustanovitvi.
As regards the appropriateness of measure NP3, the capital injection by the HFSF of EUR 395 million into Nea Proton Bank before its sale to the Bank, the Commission considers that the measure is appropriate because it helped to keep Nea Proton Bank’s activities alive.
Vložki dodatnega delniškega kapitala, ki so del ukrepa NP2, so ustrezali približno 34,2 odstotka tveganju prilagojene aktive banke Nea Proton Bank (na podlagi podatkov z dne 31. decembra 2012 [122]).
Those activities would not have been able to continue without the aid by the HFSF, as Nea Proton Bank had a negative equity at the time of its sale to the Bank and continued to register losses.
Kot je navedeno v uvodni izjavi 80 sklepa o začetku postopka za banko New Proton, sta pomenila ukrepa NP1 in NP2 več kot 50 odstotkov tveganju prilagojene aktive banke Proton Bank ali več kot 130 odstotkov tveganju prilagojene aktive banke Nea Proton Bank.
No bank would have bought Nea Proton Bank without a prior recapitalisation.
Vložek delniškega kapitala pred prodajo skupini, tj. ukrep NP3, je ustrezal približno 48,7 odstotka tveganju prilagojene aktive banke Nea Proton Bank (na podlagi podatkov z dne 31. maja 2013).
The measure therefore ensures that financial stability in Greece is maintained.
Zaradi teh zneskov pomoči in nevračila pomoči je potrebno precejšnje zmanjšanje prisotnosti upravičenke na trgu.
On that basis, the Commission finds that the measure is appropriate as rescue aid.
Komisija je v uvodni izjavi 82 sklepa o začetku postopka za banko Nea Proton v zvezi s trgom, na katerem je poslovala banka Nea Proton Bank, poudarila, da je banka Proton Bank zelo majhna (približno 1-odstotni tržni delež skupnih sredstev grških bank) in so bila zato sredstva in obveznosti banke Proton Bank, ki so bili preneseni na banko Nea Proton Bank, razmeroma majhni glede na velikost grškega bančnega sistema.
Necessity
Zato je sklenila, da se kljub izredno velikemu znesku pomoči lahko šteje, da je izkrivljanje konkurence, ki ga je povzročila pomoč banki Nea Proton Bank, omejeno.
According to the 2008 Banking Communication, the aid measure must, in its amount and form, be necessary to achieve the objective of the measure.
Poleg tega so bile dejavnosti Nea Proton Bank konkurentom ponujene na javni dražbi.
It implies that a capital injection must be of the minimum amount necessary to reach that objective.
Po prodaji banke Nea Proton Bank je ta prenehala obstajati kot samostojni konkurent, saj je bila popolnoma vključena v skupino.
As the Bank of Greece stated in its letter of 19 July 2013, if Nea Proton Bank had been liquidated it could have caused contagion, sparking a new systemic crisis and undermining the confidence that had recently been restored in the banking system following the completion of the recapitalisation process.
Komisija ugotavlja, da glede na majhnost banke Nea Proton Bank, odprt prodajni postopek in dejstvo, da banka Nea Proton Bank ne bo več obstajala kot samostojni konkurent, kljub zelo velikemu znesku in nevračilu pomoči ne prihaja do neupravičenega izkrivljanja konkurence.
The Commission considers that those financial stability elements support the necessity of measure NP3.
Sklepna ugotovitev o združljivosti s Sporočilom o prestrukturiranju
As regards the scale of the intervention, the figure of EUR 395 million was determined by an open and non-discriminatory tender process.
Na podlagi analize iz uvodnih izjav 216 do 226 Komisija ugotavlja, da prodaja banke Nea Proton Bank in njena vključitev v skupino omogočata dolgoročno uspešno poslovanje banke, da je pomoč omejena na najmanjši potrebni znesek in ne povzroča neupravičenega izkrivljanja konkurence.
The Bank had completed a due diligence of Nea Proton Bank.
Vsi ukrepi pomoči iz preglednice 7 se morajo zato razglasiti za združljive z notranjim trgom.
The Bank’s offer, which required the recapitalisation of EUR 395 million prior to it purchasing Nea Proton Bank, was calculated so as to meet the minimum capital adequacy ratio of 9 % and to allow for provisions of an additional EUR 119 million due to expected additional loan losses and expected pre-tax losses until 2016.
OCENA POMOČI, POVEZANE Z BANKO NEW TT BANK
The Commission concludes that the aid of EUR 395 million was necessary.
Komisija mora oceniti, ali ukrepi pomenijo državno pomoč v smislu člena 107(1) Pogodbe.
As regards the remuneration of the aid, given that the sale price is set at one euro, the HFSF will not recover any money.
Obstoj pomoči pri pokritju likvidnostne vrzeli prenesenih sredstev in obveznosti banke T Bank (ukrep T)
Its contribution is similar to a grant.
Komisija je že v uvodnih izjavah 26 do 32 sklepa o začetku postopka za banko T Bank ugotovila, da ukrep T, tj. posredovanje iz sheme sklada HDIGF za reševanje in sklada HFSF za pokritje likvidnostne vrzeli sredstev in obveznosti, prenesenih na banko Bank TT, pomeni državno pomoč v smislu člena 107(1) Pogodbe.
As indicated in point 44 of the Recapitalisation Communication, an insufficiently remunerated recapitalisation can only be accepted in the case of distressed banks which cannot pay any remuneration.
V uvodni izjavi 33 navedenega sklepa je Komisija menila, da imajo gospodarske dejavnosti banke T Bank, ki so bile prenesene na banko TT Bank, koristi od državne pomoči, saj so se zaradi prejete pomoči nadaljevale.
The Commission considers that to be the case for Nea Proton Bank.
Obstoj pomoči pri dokapitalizaciji, dodeljene banki TT Bank na podlagi ukrepa dokapitalizacije (ukrep TT)
The absence of remuneration triggers the need for in-depth restructuring, in line with the Recapitalisation Communication.
Kapitalski vložek v višini 224,96 milijona EUR, ki ga je grška država namenila banki TT Bank (ukrep TT), je bil dodeljen na podlagi ukrepa dokapitalizacije, ki je del programa pomoči grškim bankam [123].
In conclusion, the measure is necessary as rescue aid in both its amount and form to achieve the objective of limiting the disturbance in the Greek banking system and the economy as a whole.
Komisija je v sklepu o odobritvi tega programa ugotovila, da pomenijo ukrepi, dodeljeni v okviru programa, državno pomoč.
Proportionality
Ukrep TT je zato pomenil pomoč banki TT Bank.
The Commission notes that following the merger by absorption of Nea Proton Bank with the Bank, the economic activities of Nea Proton Bank have been transferred to the Bank.
Kot je Komisija ugotovila v uvodni izjavi 98 sklepa o začetku postopka za banko New TT, vključuje ta banka gospodarske dejavnosti, ki so se pred tem izvajale v banki TT Bank, vključno z banko T Bank.
The fact that the aid rescues those economic activities could, in theory, create distortions of competition.
Obstoj pomoči pri financiranju likvidnostne vrzeli banke New TT Bank (ukrep NTT1)
However, the Commission notes the small size of Nea Proton Bank and the sale process, in which competitors had the opportunity to bid for Nea Proton Bank.
Komisija je že v uvodnih izjavah 53 do 57 sklepa o začetku postopka za banko New TT ugotovila, da ukrep NTT1, tj. posredovanje sklada HFSF za pokritje likvidnostne vrzeli banke New TT Bank, pomeni državno pomoč v smislu člena 107(1) Pogodbe.
Moreover, immediately after their transfer, the economic activities of Nea Proton Bank will be fully integrated within the Bank and will cease to exist as a separate economic activity or competitor.
V uvodni izjavi 54 navedenega sklepa je Komisija menila, da je banka New TT Bank gospodarska upravičenka, saj so v banko New TT Bank vključene gospodarske dejavnosti banke TT Bank, ki zaradi prejete pomoči obstajajo še naprej.
The Commission therefore concludes that the aid does not create undue distortions of competition.
Obstoj pomoči pri vložku začetnega delniškega kapitala (ukrep NTT2)
Conclusion on the compliance of measure NP3 with the 2008 Banking Communication and the Recapitalisation Communication.
Komisija je že v uvodnih izjavah 49 do 52 sklepa o začetku postopka za banko New TT ugotovila, da ukrep NTT2, tj. začetni delniški kapital v višini 500 milijonov EUR, ki ga je vložil sklad HFSF v banko New TT Bank, pomeni državno pomoč banki New TT Bank v smislu člena 107(1) Pogodbe.
The Commission thus concludes that measure NP3 is appropriate, necessary and, in the light of the deep restructuring foreseen for the Bank in which the economic activities of Nea Proton Bank are now contained, are proportionate to the intended objective.
Obstoj pomoči skupini kot pridobiteljici banke New TT Bank
Compatibility of the aid measures with the Restructuring Communication
Skupina je v odprtem in nediskriminacijskem razpisnem postopku pridobila delnice banke New TT Bank.
In recitals 60, 61, 78 and 79 of the Nea Proton Opening Decision regarding measures NP1 and NP2 the Commission noted that Nea Proton Bank would probably not be able to remunerate the State aid it received and underlined that the absence of remuneration triggered the need for in-depth restructuring.
Glede na informacije, ki so jih grški organi predložili 15. julija 2013, je finančni svetovalec stopil v stik s številnimi tujimi in grškimi bankami ter vlagatelji, vendar so končno ponudbo predložile le štiri največje grške banke.
In recital 211 the Commission noted as regards the remuneration of measure NP3 that, given that the sale price of Nea Proton is set at one euro, the HFSF will not recover any of the EUR 395 million injected just before the sale (measure NP3).
Na podlagi dejstva, da je finančni svetovalec stopil v stik s številnimi bankami, lahko Komisija sklene, da je bil razpisni postopek odprt in nediskriminacijski.
Moreover, Greece will not recover anything from the preference shares issued to it in May 2009, since the equity claims related to them were left in the liquidated Proton Bank.
Ponudba skupine se je glede na znesek in vrsto ponujenega plačila štela za najboljšo.
The Commission therefore concludes that the absence of remuneration triggers the need for in-depth restructuring, both in terms of viability measures and in terms of measures to limit distortions of competition.
Natančneje, skupina se je dogovorila, da bo skladu HFSF plačala skupno 681 milijonov EUR v obliki novo izdanih navadnih delnic.
Long-term viability of Nea Proton Bank’s activity through sale
Glede na pismo grške centralne banke z dne 8. julija 2013 se nobena gotovinska ponudba domače banke ni mogla upoštevati, kolikor je bila odvisna od financiranja iz Eurosistema, še zlasti, če je prejela izredno likvidnostno pomoč.
Point 21 of the Restructuring Communication provides that where the credit institution in difficulty cannot credibly return to long term-viability, its orderly liquidation or its auctioning off should be considered.
Zato druga najvišja ponudba ni bila v skladu z zahtevami grške centralne banke.
Member States may therefore encourage the exit of non-viable players while allowing for the exit process to take place within an appropriate time frame that preserves financial stability.
Opozoriti je treba tudi, da je v skladu s prodajno pogodbo sklad HFSF prejel 1418,75 milijona novih navadnih delnic skupine po ponudbeni ceni 0,48 EUR za delnico [124].
In the Nea Proton Opening Decision, the Commission raised serious doubts as to whether Nea Proton Bank could restore its long-term viability on a stand-alone basis and pointed out the synergies that could be achieved by its integration into a large financial entity.
Delež sklada HFSF v skupini se je s 93,55 % povečal na 95,23 %.
In that respect, point 17 of the Restructuring Communication clarifies that the sale of an ailing bank to another financial institution can contribute to the restoration of long-term viability, if the purchaser is viable and capable of absorbing the transfer of the ailing bank and may help to restore market confidence.
Zato Komisija ugotavlja, da prevzem ne pomeni pomoči kupcu.
Moreover, in line with the MEFP, further consolidation of the banking sector had to be achieved and the HFSF had to sell Nea Proton Bank by 15 July 2013.
Sklepna ugotovitev o obstoju pomoči
As stated in section 7.5.2, on the basis of its restructuring plan, the Bank can be considered as a viable entity.
Na podlagi navedenega Komisija meni, da pomenijo ukrepi T, TT, NTT1 in NTT2 državno pomoč.
Therefore, the fact that the activities of Nea Proton Bank have been transferred to the Bank allows their long-term viability to be restored.
V zvezi z ukrepom T Komisija ugotavlja, da so bile pomoči deležne dejavnosti banke T Bank, ker so bile prenesene na banko TT Bank, pozneje pa na banko New TT Bank.
Moreover, the fact that Nea Proton Bank is fully integrated within the Bank and disappears as a stand-alone competitor constitutes in-depth restructuring as required by the insufficient remuneration of the State aid.
V zvezi z ukrepom TT Komisija ugotavlja, da so bile pomoči deležne dejavnosti banke TT Bank, te pa so bile prenesene na banko New TT Bank.
Own contribution and burden-sharing
Upravičenka ukrepov NTT1 in NTT2 je banka New TT Bank.
In the Nea Proton Opening Decision, the Commission expressed doubts as to whether the restructuring costs were limited to the minimum.
Zato Komisija ugotavlja, da so bile gospodarske dejavnosti banke T Bank zaradi dejstva, da so bile vključene v banko TT Bank in pozneje v banko New TT Bank, deležne pomoči v obliki dokapitalizacije v višini 677 milijonov EUR, dejavnosti, ki jih je opravljala banka TT Bank in so bile vključene v banko New TT Bank, pa so bile deležne državne pomoči v obliki kapitalske podpore v višini 4457,96 milijona EUR (ukrepi TT, NTT1 in NTT2).
Those doubts derived from the observation that Nea Proton Bank could not return to long-term viability on a stand-alone basis without incurring high costs.
Preglednica 10
The integration of Nea Proton Bank into the Bank, a larger entity with IT infrastructure and risk management structure in place, addresses those concerns.
Pregled skupne pomoči, ki so jo prejele banke T Bank, TT Bank in New TT Bank
The sale to the Bank contributes to limiting the restructuring costs to the minimum.
Dejavnosti banke T-Bank
Concerning the contribution of shareholders and subordinated debt holders to the restructuring costs, the Commission has already established in recital 77 of the Nea Proton Opening Decision that the shareholders and subordinated debt holders were not transferred to Nea Proton Bank but remained in Proton Bank, that is to say, the entity in liquidation.
financiranje likvidnostne vrzeli s T na TT
Hence, the Commission considered that sufficient burden-sharing of shareholders and subordinated debt holders was achieved.
Dejavnosti banke TT Bank
Measures to limit distortions of competition
Dejavnosti banke New TT Bank
Regarding measures to limit distortions of competition, point 30 of the Restructuring Communication provides that ‘the Commission takes as a starting point for its assessment of the need for such measures, the size, scale and scope of the activities that the bank in question would have upon implementation of a credible restructuring plan.
financiranje likvidnostne vrzeli z banke TT Bank na banko New TT Bank
The nature and form of such measures will depend on two criteria: first, the amount of the aid and the conditions and circumstances under which it was granted and, second, the characteristics of the market or markets on which the beneficiary bank will operate.’
Kot je pojasnjeno v uvodnih izjavah 199 in 200, je treba ukrepe pomoči grškim bankam zdaj oceniti na podlagi člena 107(3)(b) Pogodbe.
Regarding the amount of aid received, the Commission notes the amount of the total aid received in the form of capital of EUR 2111,6 million (Pr1, NP1, NP2, NP3), in addition to State liquidity support of EUR 149,4 million (Pr3) and Greek government securities of EUR 78 million (Pr2).
Sporočilo o dokapitalizaciji [125] določa nadaljnje smernice o ravni nadomestila, potrebnega za državne kapitalske vložke.
Measure Pr1 corresponded to 4,6 % of Proton Bank’s RWA at that time.
Poleg tega je Komisija v Sporočilu o prestrukturiranju pojasnila [126], kako bo ocenjevala načrte prestrukturiranja.
The additional share capital injections, which were part of measure NP2, corresponded to around 34,2 % of the RWA of Nea Proton Bank (based on the data of 31 December 2012 [122]).
Združljivost ukrepa T s Sporočilom o bančništvu iz leta 2008 in Sporočilom o dokapitalizaciji
As stated in recital 80 of the New Proton Opening Decision, measures NP1 and NP2 represented more than 50 % of Proton Bank’s RWA or more than 130 % of Nea Proton Bank’s RWA.
Komisija je v sklepu o banki T Bank v zvezi z ukrepom T ugotovila, da posredovanje izpolnjuje pogoje iz člena 107(3)(b) Pogodbe, in sklenila, da je združljivo z notranjim trgom, saj bi se s tem zagotovila finančna stabilnost za obdobje šestih mesecev od datuma sprejetja navedenega sklepa.
The share capital injection, prior to the sale to the Bank, that is to say, measure NP3, corresponded to around 48,7 % of the RWA of Nea Proton Bank (based on data of 31 May 2013).
Grški organi niso predložili posodobljenega načrta prestrukturiranja za banko TT Bank, pri katerem bi bila upoštevana vključitev dejavnosti banke T Bank v banko TT Bank pred koncem tega šestmesečnega obdobja.
Such amounts of aid in combination with the absence of remuneration call for a deep reduction of the market presence of the beneficiary.
Vendar je Komisija v uvodni izjavi 83 sklepa o začetku postopka za banko New TT menila, da je bila nepredložitev takšnega načrta razumljiva, ker je bila odločitev sprejeta v času, ko naj bi bila banka TT Bank rešena.
Regarding the market on which Nea Proton Bank operated, in recital 82 of the Nea Proton Opening Decision the Commission pointed out that Proton Bank was a very small bank (approximately 1 % market share of Greek banks’ total assets) and consequently the assets and liabilities of Proton Bank which were transferred into Nea Proton Bank were relatively small compared to the size of the Greek banking system.
Ker so grški organi januarja 2013 predložili načrt prestrukturiranja za banko New TT Bank, njegovo posodobitev pa marca 2013, pri čemer oba načrta obravnavata dejavnosti, prenesene z banke T Bank na banko TT Bank, je Komisija v sklepu o začetku postopka za banko New TT začasno, do sprejetja končne odločitve o ukrepih T, TT, NTT1 in NTT2, potrdila ukrep T kot pomoč za reševanje.
Therefore, it concluded that, despite the exceptionally large aid amount, the distortions of competition caused by the aid to Nea Proton Bank could be considered to be limited.
Združljivost ukrepa TT s Sporočilom o bančništvu iz leta 2008
Moreover, the activities of Nea Proton Bank were offered to competitors through an open auction.
Združljivost ukrepov NTT1 in NTT2 s Sporočilom o bančništvu iz leta 2008 in Sporočilom o dokapitalizaciji
Following its sale, Nea Proton Bank ceased to exist as a stand-alone competitor as it was fully integrated within the Bank.
Komisija je v sklepu o začetku postopka za banko New TT odobrila ukrepa NTT1 in NTT2 kot pomoč za reševanje.
The Commission concludes that given the small size of Nea Proton Bank the open sale process, and the fact that Nea Proton Bank will not continue to exist as a stand-alone competitor, there are no undue distortions of competition, despite the very large amount of aid and the absence of remuneration.
Združljivost ukrepov pomoči T, TT, NTT1 in NTT2 s Sporočilom o prestrukturiranju
Conclusion on the compatibility with the Restructuring Communication
Komisija je v uvodni izjavi 45 sklepa o banki T Bank opozorila, da sklada HDIGF in HFSF verjetno ne bosta izterjala denarja in je zato financiranje likvidnostne vrzeli z banke T Bank na banko TT Bank podobno nepovratnim sredstvom.
On the basis of the analysis in recitals 216 to 226 above, the Commission concludes that the sale of Nea Proton Bank and its integration into the Bank ensure Nea Proton Bank’s long-term viability, that the aid is limited to the minimum necessary and that there is no undue distortion of competition.
Kot je bilo ugotovljeno v uvodni izjavi 101 sklepa o začetku postopka za banko New TT, bi lahko sklad HFSF pričakoval, da bo izterjal le del svojega vložka začetnega delniškega kapitala v višini 500 milijonov EUR (ukrep NTT2).
All the aid measures listed in Table 7 should therefore be declared compatible with the internal market.
Kot je navedeno v uvodnih izjavah 77 in 102 sklepa o začetku postopka za banko New TT, je zaradi nevračila pomoči potrebno temeljito prestrukturiranje v smislu ukrepov za uspešnost poslovanja in ukrepov za omejitev izkrivljanja konkurence.
ASSESSMENT OF AID RELATED TO NEW TT BANK
Dolgoročna uspešnost dejavnosti banke New TT Bank zaradi njene prodaje
(229 ) The Commission has to assess whether the measures constitute State aid within the meaning of Article 107(1) of the Treaty.
V oddelku 3.2.4.1 sklepa o začetku postopka za banko New TT je Komisija resno podvomila, da bi lahko banka New TT Bank ponovno samostojno vzpostavila dolgoročno uspešnost svojega poslovanja in dosegla načrtovano rast prihodka.
Existence of aid in the coverage of the funding gap of the transferred assets and liabilities of T Bank (measure T)
Poudarila je tudi, da je banka New TT Bank sprejela le omejeno število ukrepov za ustvarjanje dobička in da ni sprejela ukrepov za znižanje stroškov zaposlenih in racionalizacijo mreže podružnic.
In recitals 26 to 32 of the T Bank Decision, the Commission has already established that measure T, the intervention by the Resolution Scheme of the HDIGF and the HFSF to cover the funding gap of the assets and liabilities transferred to TT Bank, constitutes State aid within the meaning of Article 107(1) of the Treaty.
Navedla je tudi sinergije, ki bi lahko bile dosežene z vključitvijo banke New TT Bank v velik finančni subjekt.
In recital 33 of that Decision the Commission considered the economic activities of T Bank which were transferred to TT Bank to be the beneficiary of State aid as they continued to exist because of the aid received.
Poleg tega je bila v skladu z memorandumom o gospodarskih in finančnih politikah prodaja banke New TT Bank prednostni ukrep, ki upošteva javni interes, finančno stabilnost in zaščito sredstev sklada HFSF.
Existence of aid in the recapitalisation granted under the recapitalisation measure to TT Bank (measure TT)
Zato je zaradi dejstva, da so dejavnosti banke New TT Bank zdaj prenesene v skupino, omogočena ponovna vzpostavitev njihovega dolgoročnega uspešnega izvajanja.