natgillin/translations-raw huggingface dataset:
Where a repayment under points 2 and 3 of Annex II is made only after that date, points 4, 6-8, 18-22, 24, 25, 27 and 28 of this Annex I will continue to apply until the bank has fulfilled all its payment obligations, but in no case beyond 31 December 2018.
plačevanje članov odbora in višjega vodstva banke BayernLB bo omejeno na ustrezno raven (glej točko 23 zgoraj), pri čemer se bosta zlasti upoštevala:
[Trustee] The full and proper implementation of all the commitments and conditions set out in this list will be continuously and thoroughly monitored and checked in detail by a suitably qualified monitoring trustee that is independent of BayernLB.
prispevek zadevne osebe k ekonomskemu položaju banke BayernLB, zlasti v okviru prejšnjih poslovnih politik in upravljanja tveganja, in
The arrangements concerning the appointment and duties of the monitoring trustee will be set out in a separate agreement.
potreba po tržno usmerjeni plači, kar bo omogočilo zaposlovanje posebej primernih oseb, ki lahko dosežejo vzdržno gospodarsko rast.
[Core bank and restructuring unit] BayernLB has set up an internal restructuring unit to handle the reduction of certain portfolios on its own responsibility and also to monitor the other reduction measures taken by business areas and subsidiaries across the entire group.
[Druga pravila ravnanja] Trgovinska politika banke BayernLB bo preudarna, razumna in usmerjena v trajnost.
In functional and organisational terms, the internal restructuring unit is separate from the ongoing business areas of the core bank and subsidiaries (together, ‘the core business’) and is accounted for as a separate segment.
V ta namen bo banka BayernLB vsako leto pripravila načrt financiranja in v skladu z njim usmerjala svojo poslovno strategijo.
B. REDUCTION OF BALANCE SHEET TOTAL/RESTRICTION OF BUSINESS ACTIVITIES
Pri svojih dejavnostih na področju posojil in naložb bo banka BayernLB upoštevala potrebe gospodarstva po zadolževanju, zlasti potrebe malih in srednje velikih podjetij, in sicer pod pogoji, ki so v skladu s tržno prakso in ustrezni z nadzornega vidika/vidika bančništva.
To ensure that monitoring can proceed smoothly, any change in the EUR/USD exchange rate will be disregarded as long as the rate does not fall below the following: [1,05-1,25] for 2012, [1,05-1,25] for 2013, [1,05-1,25] for 2014, and [1,05-1,25] for 2015 [3].
Komisija lahko od banke BayernLB zahteva razlage in pojasnila.
If the EUR/USD rate falls below these levels the bank may, after informing the monitoring trustee, adjust the target balance sheet total taking account of the exchange rate drop by the full difference compared with the planned rate, provided that the Commission does not object to the adjustment in writing, giving adequate reasons for the objection.
Nemčija in banka BayernLB bosta v polni meri sodelovali s Komisijo pri vseh vprašanjih v zvezi z nadzorom in izvajanjem tega sklepa.
[Reduction of balance sheet total—restructuring unit] The total balance sheet assets of the restructuring unit will be reduced to around EUR [7,5-10] billion by 31 December 2015.
[Nobenega servisiranja hibridnega kapitala] Banka BayernLB bo upoštevala prepoved servisiranja hibridnega kapitala.
Subject to point 4, which will apply mutatis mutandis, any overrun with respect to this sum will be disregarded in so far as it is due to a decrease in the EUR/USD exchange rate below the rate referred to in the second sentence of point 4.
Hibridni kapital (kot je tiha udeležba (stille Einlagen) in potrdila o udeležbi pri dobičku (Genussscheine)) bo servisirala le, če je k temu zavezana tudi brez sprostitve rezerv (Rücklagen) ali posebne postavke iz oddelka 340(f) in (g) trgovinskega zakonika.
[Restriction of business activities—core business] In the core business of the following business areas, the following restrictions will be observed, the aim being that only business with a link to Germany should be conducted.
[Prepoved izplačila dividend] Banka BayernLB bo upoštevala prepoved izplačila dividend, da bi izpolnila svoje zaveze glede plačil.
The term ‘with a link to Germany’ means that (i) the customer or its parent or a significant subsidiary has its registered office in Germany; or (ii) the business involves financing for trade or financing relating to exports involving […] risk insurance (e.g. an export credit agency), and the customer receiving the financing is an offtaker of a customer with a link to Germany as defined at (i) above; or (iii) the project to be financed is located in Germany, or one or more customers with a link to Germany as defined at (i) above are involved in the project either as offtakers of the goods or raw materials to be produced or as users by virtue of purchase or transfer-of-use contracts, or hold at least a [15-50] % ownership share in the project company, or have undertaken to supply more than [30-70] % of the supplies for the project that are to be financed; or (iv) in the international real estate business, the customer holds substantial German assets in its portfolio.
E. PRISPEVEK BAVARSKIH HRANILNIC
[Project finance] BayernLB will ensure that, from [the date from which this commitment is to be acted upon, i.e. 25 September 2012], the RWAs [4] of project financing activities in the core business, i.e. financing for special-purpose vehicles where credit is actually geared to the cashflow-based performance of the special-purpose vehicle or investment, do not exceed a ceiling of EUR [3-4] billion, in accordance with the modified restructuring plan.
[Pretvorba tihe udeležbe in prevzem družbe LBS Bayern] Bavarske hranilnice so pripravljene deliti breme prestrukturiranja banke BayernLB v znesku 1,65 milijarde EUR, in sicer s prevzemom družbe LBS in pretvorbo svoje tihe udeležbe (stille Einlagen).
[International real estate] BayernLB will ensure that, as from [the date from which this commitment is to be acted upon, i.e. 25 September 2012], the RWAs of international real estate business in the foreign locations in its core business (business with international real estate customers, i.e. financing with a link to Germany as defined in points 6(i) and (iv) in the context of the structuring on normal market terms of commercial real estate transactions including special-purpose vehicles), do not exceed a ceiling of EUR [0,5-1] billion, in accordance with the modified restructuring plan.
Znesek vključuje:
[Corporate banking] BayernLB will ensure that, as from [the date from which this commitment is to be acted upon, i.e. 25 September 2012], the RWAs in the area of corporate banking (financing of large corporates) in its core business do not exceed a ceiling of EUR [9-12] billion, in accordance with the modified restructuring plan.
prevzem družbe LBS
BayernLB will not conduct any business from the business areas referred to in (a), (b) and (c) in other business areas in order to circumvent the specified risk assets ceilings.
Banka BayernLB je upravičena do prihodkov (Ertrag) za poslovno leto 2012;
In the event of any doubt, the classification of activities under the business areas referred to above and the planning data will follow the restructuring plan [5].
pretvorba tihe udeležbe
An increase in the RWAs due to a change in the regulatory requirements concerning the calculation of RWAs or a change in national or international accounting rules compared with the present situation will be disregarded, provided the Commission, after being consulted, does not object.
Na račun temeljne banke bo prenesena 1 milijarda EUR, ki glede na sedanje načrte za družbo BayernLabo ni nujna za nadaljnje izvajanje poslovnih dejavnosti v enakem obsegu kot do zdaj.
Transaction-related secured lending/acquisition finance without a link to Germany
3,75-odstotno dodatno letno premijo za jamstvo v znesku 2 milijardi EUR, tj. 75 milijonov EUR na leto, do leta 2015; in
The bank will no longer be involved in transaction-related secured lending or acquisition finance with no link to Germany, i.e. the debt-financed acquisition of undertakings involving a large proportion of borrowed funds to cover the purchase price that are secured solely or mainly against the target business and its assets.
posebno plačilo 45 milijonov EUR na leto do leta 2015.
Ship and aircraft financing
H. ODPLAČILO TIHE UDELEŽBE BAVARSKE V ZNESKU 3 MILIJARDE EUR
The bank will no longer offer asset-based financing for ships and aircraft, i.e. financing for the acquisition of these assets where the ship or aircraft acquired constitutes the main collateral.
[Dodatno zmanjšanje pozicijskih tveganj] Da bi odplačala celotno tiho udeležbo dežele Bavarske do leta 2017, se banka BayernLB zavezuje, da bo svoja pozicijska tveganja do leta 2017 zmanjšala za nadaljnjih 10 milijard EUR, in sicer v skladu z razdelitvijo po posameznih segmentih poslovanja, kot je prikazana v nadaljevanju, pri čemer se prezre odstopanje za največ [10–15] % na segment, če je doseženo skupno zmanjšanje za 10 milijard EUR [21]:
Core bank business with public authorities outside Bavaria
nepremičnine, hranilnice in povezana podjetja: […] %,
BayernLB will cease new credit business with towns, municipalities and associations of municipalities outside Bavaria.
trgi: […] %,
This does not include liquidity management measures.
enota za prestrukturiranje: […] %.
Financing for public-private partnerships, project and export financing in the interest of customers with a link to Germany where a public authority is the customer (offtaker) continue to be admissible.
Če ti ukrepi povzročijo kakršno koli dodatno zmanjšanje poslovanja, se to ne bo prištelo k zmanjšanju bilance stanja v skladu s točko 4.
C. CLOSURE OF LOCATIONS/DIVESTMENT OF SHAREHOLDINGS
Če bo zgoraj navedeno zmanjšanje pozicijskih tveganj povzročilo izgubo dobička, bo banka to izgubo izravnala z ustreznim zmanjšanjem stroškov.
[Locations] The following BayernLB locations set up as branches or representative offices were closed on the dates indicated:
Na začetku poslovnega leta […] se banka zaveže, da bo izvedla vmesni pregled izvajanja te zaveze na podlagi poročil fiduciarja za spremljanje.
Location
Če Komisija ob vmesnem pregledu ugotovi, da banka BayernLB verjetno ne bo dosegla ciljnega zmanjšanja pozicijskih tveganj do konca poslovnega leta 2017, bo morala banka BayernLB to spremembo ponovno priglasiti, razen če je nedoseganje posledica novega regulativnega ali makroekonomskega razvoja.
Date
Glede na vrednosti leta 2008 to ustreza zmanjšanju na skupno bilanco stanja približno 206 milijard EUR.
Beijing
Če se omejitev iz te točke uporablja tudi po letu 2015 v skladu s točko 1, se vrednost skupne bilance stanja vsako leto indeksira na podlagi naslednje formule: […].
Tokyo
Banka BayernLB predvideva naslednje devizne tečaje EUR/USD: [1,10–1,60] leta 2012, [1,10–1,60] leta 2013, [1,10–1,60] leta 2014 in [1,10–1,60] leta 2015.
Montreal
Po letu 2015 se bodo podatki o deviznih tečajih EUR/USD po potrebi dopolnili glede na takrat veljavne načrte banke.
Mumbai
Izraz „tveganju prilagojena sredstva“ se v točkah 6, 7 in 11 nemške različice nanaša na nemški izraz Risikoaktiva, ki je ena od komponent pozicijskih tveganj, vendar ne vključuje operativnih pozicijskih tveganj, tržnih pozicijskih tveganj in ekvivalenta tveganju prilagojenih sredstev ali prilagoditev kreditne vrednosti v okviru transakcij varovanja, izvedenih za stranko.
Kiev
Če omejitve tveganju prilagojenih sredstev iz točke 6 ostanejo v skladu s točko 1 veljavne tudi po letu 2015, se zgornje meje tveganju prilagojenih sredstev iz točke 6(a) do (c) vsako leto indeksirajo na podlagi naslednje formule: […].
Hong Kong
Stanje 31. decembra 2011.
Shanghai
Med pripravami na prodajo družbe Banque LB Lux SA je banka BayernLB prevzela 25 % delež družbe Helaba v družbi Banque LB Lux SA in prodala svojo udeležbo v družbi LB(Swiss) Privatbank AG družbi Helaba, ki že ima v lasti drugih 50 % družbe LB(Swiss) Privatbank AG.
Existing business that was not wound up by the date of closure of the locations listed in point 9 has been transferred or has been running down since that time upon the maturity of the underlying business.
Prodajni sporazum v zvezi s tem je bil sklenjen 23. oktobra 2009; transakcija je bila opravljena 21. decembra 2009.
No new business will be accepted.
Družba zaprta 27. marca 2012.
[Sales of holdings] BayernLB will sell the holdings listed below and in Annex III on the best terms obtainable and in their entirety by the dates specified (date of signing), or has already sold the holding on the date shown.
Ni bila konsolidirana.
Place
Kupec tega holdinga bo morda moral spoštovati in ohranjati socialne smernice, ki se uporabljajo v skupini GBW, ter dodatne socialne zahteve iz primerljivih transakcij.
Shareholding (%)
V skladu z zahtevo Evropske komisije se bodo delnice družbe GBW AG prodale v okviru razpisnega postopka na podlagi načel o konkurenci.
Balance sheet/RWA [7]
Nemška zvezna vlada opozarja na dejstvo, da bi lahko prevzem s strani dežele Bavarske v okviru razpisnega postopka sprožil preiskavo nadaljnje državne pomoči.
Target date
Knjigovodska vrednost decembra 2011.
Banque LB Lux SA
Banka BayernLB je 22. junija 2010 prodala 25,2-odstotni delež osnovnega kapitala družbe SaarLB deželi Saarland, zato družba SaarLB ni več pridružena družba banke BayernLB v skladu z oddelkom 271(2) trgovinskega zakonika.
Luxembourg
Vključno z delnicami v lasti prek družbe KGAL Verwaltungs-GmbH.
Berlin
Ni holding v tehničnem smislu.
2012 [9]
Družba MKB je poseben primer […].
Munich
Banka lahko, potem ko je obvestila fiduciarja za spremljanje, prilagodi zgornjo mejo letnega plačila v gotovini iz točke 23 glede na inflacijo v Nemčiji.
Cottbus
Namesto da se tiha udeležba najprej izplača in potem ponovno vloži, se lahko tudi pretvori v delnice.
Saarbrücken
V skladu s predložitvijo Komisiji z dne 14. junija 2012; za nadaljnje informacije glej razlage iz načrta za prestrukturiranje, oddelek 6.20.2.
2010 [14]
PRILOGA II
Zürich
POGOJI
MKB Bank Zrt (group)
[Odplačila] Banka BayernLB mora (če je primerno, prek družbe BayernLB Holding AG) deželi Bavarski plačati enkratno plačilo v znesku 1,24 milijarde EUR (v nadaljnjem besedilu: enkratno plačilo v okviru vračanja sredstev) in odplačati 3 milijarde EUR v lastniškem kapitalu, ki jih je prejela kot pomoč v obliki tihe udeležbe v obdobju 2008/2009 (v nadaljnjem besedilu: odplačilo pomoči).
Budapest
Enkratno plačilo v okviru vračanja sredstev v znesku 1,24 milijarde EUR bo izvedeno naslednjih tranšah:
Frankfurt am Main
Če ustrezni nadzorni organ določi, da je treba lastniški kapital, ki izhaja iz vnosa nominalne vrednosti sredstev družbe BayernLabo za posebne namene (Zweckvermögen) v bilanco stanja, v celoti ali delno priznati kot temeljni kapital prvega reda za namene nadzora, se naslednja tranša enkratnega plačila v okviru vračanja sredstev poveča za zadevni znesek, nadaljnji načrt odplačil pa se prilagodi v skladu s preglednico 11.
Cologne
Odplačilo pomoči v znesku 3 milijard EUR bo izvedeno v naslednjih tranšah:
Grünwald
Ostali deli tihe udeležbe v znesku […] milijonov EUR bodo deželi Bavarski odplačani do leta 2017 s sprostitvijo kapitala v skladu s točko 33 Priloge I.
If any holdings entail any debt financing (‘intra-group funding’) by BayernLB whose duration may extend beyond the date of sale, and BayernLB cannot divest these holdings together with the corresponding debt financing or otherwise receive a guarantee for the debt financing still outstanding, the sale of the holdings may be postponed for a maximum of […] until no later than […] [17].
[Odložitev obveznosti plačila] Če nadzorni organ banki BayernLB prepove izvedbo plačila iz točke 2 ali ne soglaša z odplačilom iz točke 3, je treba odplačila iz navedenih točk odložiti.
BayernLB may postpone the sale of the holdings listed above for a maximum of […] until no later than […] [17] MKB is a special case […].
V tem primeru je treba ustrezno obveznost glede plačila navedenih zneskov odložiti, dokler nadzorni organ ne odobri zadevnega plačila ali odpravi prepoved zadevnega plačila.
if after binding offers have been secured it becomes clear that the price that would be obtained in the transaction would be lower than the current book value of the holding in the individual financial statements drawn up by BayernLB in accordance with the German Commercial Code, or would produce losses in the consolidated financial statement in accordance with the IFRS accounting standards.
Če prvotno odloženo plačilo zneska naslednje leto ni odobreno ali je ponovno prepovedano, nemška zvezna vlada priglasi Komisiji spremenjen načrt za prestrukturiranje, ki mora načeloma vključevati dodatne ukrepe nadomestil, kot je dodatno zmanjšanje bilance stanja.
Subject to the Commission's approval, BayernLB may postpone a sale of the holdings listed for a maximum of […] until no later than […] [17] MKB is a special case […].
PRILOGA III
if it shows that, because of the macroeconomic circumstances, a sale is not possible or is possible only under ‘fire sale’ conditions.
NADALJNJE ZMANJŠANJE ŠTEVILA HOLDINGOV
BayernLB may postpone the full sale of its remaining shares in a holding for a maximum of […] until no later than […] [18] if it shows that by the target date, for economic or legal reasons, it was able to divest itself only of the controlling majority of the holding, and that it did indeed do so.
Banka BayernLB je v skladu s točko 11 Priloge I tudi prodala ali bo na navedeni datum ali do navedenega datuma prodala naslednje holdinge [1]:
The proceeds of the sale of BayernLB's holdings, in so far as they outstrip the book value, and result in the planned income statement being exceeded, will be used entirely to finance BayernLB's restructuring plan und will thus be repaid to the Land of Bavaria under point 3 of Annex II.
Delež v holdingu (%)
Existing business in respect of holdings that have not been sold within the deadline indicated will be allowed to expire after that deadline upon the maturity of the underlying business.
Izvedba odprodaje/predvidena odprodaja
D. OTHER BEHAVIOURAL OBLIGATIONS/CORPORATE GOVERNANCE
First Calgary Savings & Credit Union Ltd.
[Advertising] BayernLB will not use the granting of the aid measures or any advantages over competitors arising therefrom for advertising purposes.
Nekateri holdingi, ki se bodo odprodali (označeni z **), so tržni le v omejenem obsegu, ker banka nima neomejenega dostopa do delnic ali ker so edini možni kupci drugi člani družbe in je uspeh izstopne strategije odvisen od njihovega sodelovanja (npr. družba STR Brennerschienentransport ali European Energy Exchange).
[Restriction of external growth] There will be no expansion of business activities through the acquisition of control over other firms with a sales price of more than EUR [0-2 million] without the Commission's approval (‘no external growth’).
Napaka pri zaokroževanju, manjšinski delež.
Debt-to-equity swaps and other routine credit management measures are not considered to be an expansion of business activities unless carried out with the intention of circumventing the restriction of growth referred to in the first sentence.
Družba HGAA je bila nacionalizirana 23. decembra 2009.
[Trading for own account] BayernLB will end dedicated proprietary trading.
Ta ukrep je Komisija odobrila s sklepom z dne 23. decembra 2009 (v nadaljnjem besedilu: sklep o reševanju družbe HGAA, zadevi C 16/09 in N 698/09) [7].
This means that BayernLB will carry on only trading activities indicated in its trading book that are necessary either (a) for accepting, transferring and executing its customers' sales and purchase orders and hedge instruments directly related thereto (i.e. trading with financial instruments as a service, up to a value measured in value at risk for market price changes of EUR [0-50] million/1 day, 99 % confidence) or (b) for liquidity and ALM management (interest, foreign exchange, management of the liquidity reserve, management of collateral for secured refinancing operations) or (c) for the economic transfer of balance sheet items to the restructuring unit or to third parties.
Odprava teh napak ne vpliva na oceno dejstev, ki jih je Komisija navedla v sklepu o prestrukturiranju iz leta 2012.
Under no circumstances will BayernLB carry on business activities that serve purely to make a profit apart from the purposes mentioned in (a), (b) or (c) above.
Zato bodo v tem sklepu napake popravljene.
Neither the board of directors (Verwaltungsrat) nor the general meeting may issue instructions to it.
Nominalna vrednost portfelja ABS je na referenčni datum 31. decembra 2008 znašala 19,589 milijarde EUR.
Supervision and monitoring will be concentrated in the board of directors (which will in future be known as the supervisory board (Aufsichtsrat)); for business of fundamental importance the general rules under the law on public limited companies regarding the approval of the supervisory board (Zustimmungsvorbehalt) will apply.
Da bi se zagotovila likvidnost družbe HGAA, je banka BayernLB ponovno izdala bančno kreditno linijo v znesku [350–600] milijonov EUR, ki je bila porabljena 4. decembra 2009.
In addition, BayernLB is subject to legal supervision by its legal supervision authority and banking supervision by BaFin and the Bundesbank.
Poleg tega je bilo dogovorjeno, da bo obstoječe financiranje znotraj skupine v znesku 2,638 milijarde EUR, ki ga je banka BayernLB odobrila družbi HGAA, družba HGAA obdržala do konca leta 2013.
The existing board of directors of BayernLB will be transformed into a slimmed-down supervisory board with still greater involvement of external members.
Banka BayernLB je pripravila načrt za prestrukturiranje, da bi uspešno poslovanje ponovno vzpostavila do 31. decembra 2015.
Members are fit and proper persons if they are reliable and have the expertise required to perform supervisory functions, and to assess and monitor BayernLB's business transactions.
Nemčija trdi, da so hranilnice glavna distribucijska veriga za produkte družbe LBS in da bi običajen zasebni vlagatelj pri določitvi cene za takšno tržno tveganje uporabil popust.
Half the seats allocated to shareholders on the supervisory board will be filled by external expertise.
Poleg tega bo združenje hranilnic v družbo BayernLB Holding vložilo dodatnih [22–62] milijonov EUR.
The provisions of points 21(a) to (d) will apply by analogy.
[2300–2800]
It is specified that the business of the Landesbank will be conducted in accordance with commercial principles, while at the same time taking account of its assigned tasks.
[0–500]
The ‘arm's length’ principle typical of relations between a company and its shareholders applies to the relationship between bank and owners.
[500–1000]
Excluding any repayment of the aid granted, assets may be distributed to the owners only in the form of balance-sheet profit, capital reductions and proceeds of liquidation; structural measures in connection with dependent institutions within BayernLB remain unaffected.
[700–1200]
[Remuneration of bodies, employees and essential agents] BayernLB will verify the incentive effect and appropriateness of its remuneration systems and ensure, within the possibilities under civil law, that they do not result in exposure to undue risks, are oriented towards sustainable, long-term company objectives, and are transparent.
[200–700]
The total remuneration to board members and senior management will be restricted to an appropriate level.
[400–900]
A cash remuneration (monetäre Vergütung) exceeding EUR 500000 a year will in principle be considered inappropriate.
[250000–280000]
The restriction referred to in the second and third sentences will continue to apply until BayernLB has paid a total of EUR […] million in accordance with points 2 and 3 of Annex II.
[240000–270000]
BayernLB's employees and essential agents may not receive any inappropriate salaries, salary components, bonuses, or any other inappropriate benefits;
[3–8] %
the remuneration of board members and senior management of BayernLB will be restricted to an appropriate level (see point 23 above), particular account being taken of
[5–10] %
the relevant person's contribution to BayernLB's economic position, especially in the context of previous business policies and risk management, and
[3–8]
the necessity of a market-oriented salary so as to be able to employ particularly suitable persons who can achieve sustainable economic growth.
[5–10]