natgillin/translations-raw huggingface dataset:
Measures limiting distortions of competition
Ta sklep je naslovljen na Zvezno republiko Nemčijo in Republiko Avstrijo.
Finally, the Restructuring Communication requires that the restructuring plan should include measures limiting distortions of competition.
V Bruslju, 5. februarja 2013
Such measures should be tailor-made to address the distortions on the markets where the beneficiary bank operates after restructuring.
Za Komisijo
In the opening decision, the Commission considered the proposed measures to address distortions of competition to be insufficient.
S 1. decembrom 2009 sta člena 87 in 88 Pogodbe ES postala člen 107 oziroma člen 108 Pogodbe o delovanju Evropske unije (PDEU).
The updated restructuring plan provides for further such measures.
Določbe so v obeh primerih vsebinsko enake.
The aid in this case amounts to about EUR 15,8 billion in of capital assistance: it comprises the recapitalisation, amounting to EUR 10 billion, the risk shield of EUR 4,8 billion, and the transfer of EUR 1 billion BayernLabo capital to BayernLB.
V tem sklepu se sklicevanja na člena 107 in 108 PDEU po potrebi razumejo kot sklicevanja na člena 87 in 88 Pogodbe ES.
The figure does not include the liquidity guarantees provided by SoFFin, amounting to around EUR 15 billion (of which EUR 5 billion were used) [71] and the guarantees provided by Austria for the funding of EUR 2,638 billion that BayernLB had agreed to leave in HGAA.
Sklep Komisije z dne 18. decembra 2008 v zadevi N 615/08, BayernLB (UL C 80, 3.4.2009, str. 4).
The aid amount of EUR 15,8 billion is equivalent to 8 % of the risk weighted assets after the measures (risk positions of EUR 198 billion in 2008).
Sklep Komisije z dne 9. decembra 2008 v zadevi N 557/08, Ukrepi v okviru zakona o stabilnosti finančnih trgov ter o krepitvi medbančnega trga za kreditne institucije in zavarovalnice v Avstriji (Measures under the Law on the stability of the financial markets and on strengthening the interbank market for credit institutions and insurance companies in Austria) (UL C 3, 8.1.2009, str. 2), ki je bil nazadnje podaljšan do 30. junija 2011 s Sklepom Komisije z dne 16. decembra 2010 v zadevi SA.32018 (2010/N) (UL C 20, 21.1.2011, str. 3).
The amount increases further if it is taken to include the EUR 2,638 billion in guarantees that the bank obtained from Austria and the EUR 15 billion it obtained from SoFFin (of which EUR 5 billion were actually used).
Zadeva C 16/09 (UL C 134, 13.6.2009, str. 31).
The amount of aid being granted to the beneficiary is thus very large.
Učinek pomoči, odobrene družbi HGAA, na banko bo obravnavan v ločenem sklepu.
In order to limit potential distortions of competition, the measures necessary will be appreciable, even when account is taken of the appropriate scale of the bank's own contribution and the sharing of burdens by the beneficiary and its shareholders over the restructuring period.
UL C 85, 31.3.2010, str. 21.
On the basis of the assets at the end of 2008, BayernLB will reduce its balance sheet by 51 %, from EUR 421,7 billion to EUR 206 billion (EUR 239,4 billion in 2015).
Pozneje navedena kot zadeva SA.32554 (09/C), Pomoč za prestrukturiranje družbe Hypo Group Alpe Adria (Restructuring aid for Hypo Group Alpe Adria).
To that end, BayernLB is prepared to divest a significant number of domestic and foreign subsidiaries, and to reduce its portfolio of holdings substantially.
Basel III je mednarodni regulativni okvir za banke, ki ga je razvil Baselski odbor za bančni nadzor, vključuje pa reformne ukrepe za okrepitev pravne ureditve, nadzora in obvladovanja tveganja v bančnem sektorju.
Those divestments need to be completed by […]; otherwise the relevant subsidiaries or associated companies must stop new business [after …].
Predlog uredbe Evropskega parlamenta in Sveta o bonitetnih zahtevah za kreditne institucije in investicijske družbe, COM(2011) 452 final.
An overview of the largest divestments is given in Table 12.
Komisija je 20. julija 2011 sprejela zakonodajni sveženj, s katerim želi okrepiti regulativno ureditev bančnega sektorja.
Table 12
Ta sveženj, imenovan sveženj CRD IV, bo trenutni direktivi o kapitalskih zahtevah (Direktivo 2006/48/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij (UL L 177, 30.6.2006, str.
Divestment of major holdings
1) in Direktivo 2006/49/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o kapitalski ustreznosti investicijskih podjetij in kreditnih institucij (UL L 177, 30.6.2006, str. 201)) nadomestil z eno direktivo in uredbo, tj. navedenim osnutkom uredbe o kapitalskih zahtevah.
Name
Podroben opis je v sklepu o začetku postopka, str. 2.
Balance sheet, EUR billion [72]
Pred ukrepi za reševanje iz leta 2008 sta imela dežela Bavarska in združenje hranilnic vsak v lasti 50 %.
RWAs, EUR billion [72]
Banka BayernLB uporablja izraz „pozicijska tveganja“ ( Risikopositionen) v skladu z izrazom, ki ga regulator uporablja v izračunu kapitalskih količnikov.
LB (Suisse)
V testu izjemnih situacij iz decembra 2011 se je Evropski bančni organ na pozicijska tveganja banke BayernLB skliceval kot na tveganju prilagojena sredstva.
LBLux
Komisija se v tem sklepu na ta sredstva sklicuje kot na „pozicijska tveganja“ ali „tveganju prilagojena sredstva“.
These divestments include all of the bank's international credit institutions.
Odločba Komisije 2006/739/ES z dne 20. oktobra 2004 o pomoči Nemčije za Bayerischen Landesbank – Girozentrale (UL L 307, 7.11.2006, str. 81).
The divestment of HGAA, which already seemed in need of restructuring aid in 2008, has contributed to the restoration of the viability of BayernLB.
Za podroben opis kapitalske injekcije glej uvodno izjavo 13 in naslednje uvodne izjave sklepa o reševanju.
However, even if HGAA is left out of account for the purposes of quantifying measures to limit the distortion of competition, the balance sheet reduction is still 45 % (EUR (421,7 — 44,6 =) 377,4 billion compared with EUR 206 billion).
Na podlagi izvedenskega mnenja družbe Ernst & Young z dne 14. januarja 2010 glede vrednosti banke BayernLB dne 18. decembra 2008 je bil delež združenja hranilnic [< 5] %.
Furthermore, BayernLB will reduce the number of its international branches or representation offices by seven, and the remaining branches in London, Paris, New York and Milan will be substantially downsized.
Ker postopek o državni pomoči še poteka, uradni sklep glede deleža združenja hranilnic ni bil sprejet.
Overall, the Commission considers that this reduction of the total balance sheet of the bank by more than half is appropriate given the distortions of competition stemming from the large amount of aid received.
Za podroben opis sklada za zajezitev tveganja glej uvodno izjavo 20 in naslednje uvodne izjave sklepa o reševanju.
The reduction is in line with the Commission's practice in its decisions in relation to other Landesbanken [73].
V skladu s tem so bavarski organi in banka pričakovali, da jamstvo verjetno ne bo trajalo več kot šest let.
In addition to those far-reaching structural measures, BayernLB has also agreed to several behavioural constraints.
Orodje CDOROM je simulacijski model, ki temelji na metodi Monte Carlo in se uporablja za izračun pričakovane izgube pri tranšah določenega statičnega portfelja sredstev.
The bank has given a commitment to observe, during the restructuring period, a cap of EUR 500000 on staff remuneration (fixed and variable), a ban on acquisitions, and a dividend ban.
Uporabljajo jo bonitetni analitiki agencije Moody's Investors Services pri dodeljevanju ocene za statične sintetične CDO.
The restrictions on the remuneration of staff will automatically be prolonged (though for the salary cap they will be somewhat less stringent) until the the silent participation and the claw-back have been repaid in full, which is not likely to happen before 2019.
Podobni modeli in metodologije so se uporabljali za ocenjevanje pričakovanih izgub pri drugih ukrepih v zvezi z oslabljenimi sredstvi.
These measures create an incentive for repayment and preclude the bank from acquiring competing businesses, which prevents non-organic growth of BayernLB funded by the aid.
Glej Sklep Komisije z dne 27. oktobra 2008 v zadevi N 512/08, Sveženj za reševanje kreditnih institucij v Nemčiji (Rescue package for credit institutions in Germany), ki ga je nadomestil Sklep Komisije z dne 12. decembra 2008 v zadevi N 625/08, Sveženj za reševanje finančnih institucij v Nemčiji (Rescue package for financial institutions in Germany), ki je bil podaljšan s Sklepom Komisije z dne 22. junija 2009 v zadevi N 330/09 (UL C 160, 14.7.2009, str. 4), in Sklepom Komisije z dne 23. junija 2010 v zadevi N 222/10 (UL C 178, 3.7.2010, str. 1), ki se je ponovno aktiviral s Sklepom Komisije z dne 5. marca 2012 v zadevi SA.34345 (12/N) (UL C 108, 14.4.2012, str. 2), ki je bil nazadnje podaljšan s Sklepom Komisije z dne 29. junija 2012 v zadevi SA.34897 (12/N), ki še ni bil objavljen.
In addition, BayernLB will limit its remaining international business activities in corporates, project finance and real estate significantly, in scope and absolute volume, as indicated in Annex I. This will leave free capacity for other players in BayernLB's core markets.
Oblika uporabljenega kapitala, tj. Partizipationskapital, nima glasovalnih pravic.
Public finance outside Bavaria will likewise be stopped.
Ta ukrep in spremljevalni ukrepi so bili odobreni s Sklepom Komisije z dne 23. decembra 2009, glej opombo 7.
Taking into account this mix of diverse measures, and in view of the finding set out above that the bank's own contribution and burden sharing are appropriate, the Commission considers that there are sufficient safeguards to limit potential distortions of competition despite the high amount of aid BayernLB is receiving.
Avstrijski sveženj za reševanje družbe HGAA pod navedenimi pogoji je pomenil, da je morala banka BayernLB zmanjšati celotno knjigovodsko vrednost družbe HGAA, ki je znašala 2,3 milijarde EUR, in se odpovedati denarnim terjatvam družbe HGAA za že zagotovljeno financiranje, ki je znašalo 825 milijonov EUR.
Implementation and monitoring
Opredelitev Unije malih in srednjih podjetij (MSP) ni enaka opredelitvi nemškega izraza Mittelstand, ki je tu preveden kot „mala in srednje velika podjetja“; v tem sklepu se izraz Mittelstand – „mala in srednje velika podjetja“ – nanaša na podjetja s prihodki do 1 milijarde EUR.
Section 5 of the Restructuring Communication states that in order to enable the Commission to verify that the restructuring plan is being implemented properly regular reports will have to be submitted.
Glej opredelitev „povezave z Nemčijo“ v točki 6 Priloge I.
The first report should be submitted not later than 6 months after the approval of the restructuring plan.
Zlasti ob upoštevanju nedavno uvedene dajatve za banke, ki ni ocenjena na podlagi dobička, in zakona o vračilu posojila v tuji valuti, v zvezi s katerima je Komisija prejela več pritožb.
For this purpose Germany should appoint a monitoring trustee and provide twice-yearly monitoring reports.
Zaradi izgub banke BayernLB v preteklih letih je bila tiha udeležba hranilnic, povezana z izgubami, z nominalne vrednosti [770–810] milijonov EUR zmanjšana na [700–750] milijonov EUR.
The individual repayments are subject to agreement by the German regulator BaFin.
Namesto da se tiha udeležba najprej izplača in potem ponovno vloži, se lahko tudi pretvori v delnice.
If the bank does not meet the targets set out in the repayment schedule, point 4 of Annex II requires Germany to notify a modified restructuring plan to the Commission.
Zaradi popolnosti je treba navesti, da sta bila ugotovljena tudi dva pozitivna učinka revizije, pri čemer je bil prvi posledica posodobitve pričakovanih učinkov okvira Basel III ([…] EUR), drugi pa posodobitve načrtovanja enote za prestrukturiranje ([…] milijonov EUR).
Such a fresh notification should in principle include additional measures to limit distortions of competition.
Banka BayernLB v svojih izračunih donosnosti lastniškega kapitala predvideva 10-odstotni kapitalski količnik.
The Commission acknowledges that the additional reduction in risk positions referred to in point 33 of Annex I is made to ensure that BayernLB can repay the remainder of the silent participations in 2017.
Vključno z družbo MKB, ki bo odprodana najpozneje do […]; brez osebja družbe MKB, […].
The Commission has based its assessment on the reductions in risk positions that have been committed to for each area of business within the ranges indicated in point 33 of Annex I and their secondary effects per business area.
Banka BayernLB v svojih izračunih donosnosti lastniškega kapitala uporablja temeljni kapital EBA kot približek lastniškega kapitala in predvideva 10-odstotni količnik temeljnega kapitala EBA.
If, in the implementation of the plan, BayernLB identifies areas of optimisation which affect the ranges indicated, in view of new regulatory or macroeconomic developments, Germany should notify the deviation in ranges to the Commission, unless the changes in the reductions of each area of business area are no greater than [10-15] % in 2017, remain within the overall volume defined in point 33 of Annex I, and are without prejudice to the viability of BayernLB as described in the restructuring plan.
Predpostavka glede 10-odstotnega količnika temeljnega kapitala EBA ne izkrivlja tu predstavljene primerjalne analize dobičkonosnosti.
In the event of a fresh notification, the Commission will consider whether the changes contribute to maximising the capital relief effect while minimising negative secondary effects, and consequently do not affect the viability of the bank.
Podatki v tej vrstici se nanašajo na celotno skupino BayernLB in vključujejo področja poslovanja, ki v zgornjih vrsticah niso navedena ločeno.
Conclusion regarding the restructuring
Gewährträgerbehaftete.
In the light of the projections of the bank and taking account of the latest regulatory requirements, which will require a capitalisation above 9 % core Tier 1 capital plus a buffer, and of the Basel III rules, the Commission takes the view that the restructuring measures, including Germany's commitments, are likely to restore BayernLB's long-term viability and make up for the distortions of competition brought about by the aid measures.
Družba MKB je malim vlagateljem zagotavljala posojila v tuji valuti – v švicarskih frankih in eurih – za nakup nepremičnine, običajno lastnega doma.
Subject to the conditions in regard to the repayment of part of the aid measures and the claw-back, the restructuring plan also provides for the aid to be limited to the minimum necessary and for the bank to make an adequate contribution of its own.
Vendar se je vrednost švicarskega franka sčasoma toliko povečala, da so stroški servisiranja dolga v tuji valuti močno presegli prednost najema posojila v valuti, katere obrestne mere so bistveno nižje od obrestnih mer domače valute.
Provided that the repayment requirement in Annex II is met, therefore, the restructuring aid can be considered compatible with the internal market in accordance with Article 107(3)(b) TFEU.
Da bi zmanjšal breme posojilojemalcev, je madžarski parlament septembra sprejel Zakon o vračilu posojila v tuji valuti, ki zasebnikom zagotavlja pravico, da svoje hipotekarne kredite v tuji valuti odplačajo po tečaju, ki je veliko nižji od tržnega deviznega tečaja.
ADVANTAGE TO THE SAVINGS BANKS ASSOCIATION
Družba BayernLabo je kot razvojna banka banke BayernLB pooblaščena za zagotavljanje subvencioniranih posojil.
The Commission's concerns that the savings banks association has profited by the rescue measure without properly sharing the burden have also been alleviated.
Vključno z retroaktivnimi plačili v okviru vračanja sredstev od leta 2010.
In the opening decision the Commission indicated that in the course of the formal investigation it might assess the correctness of the valuation of BayernLB and the accuracy of the calculation of the savings banks association's remaining stake.
Glej opombo 3.
Subsequently the Commission sent an information request to Germany concerning the savings banks association's contribution to the rescue.
Glej Odločbo Komisije 2009/775/ES z dne 21. oktobra 2008 o državni pomoči C 10/08 (ex NN 7/08), ki jo je Zvezna republika Nemčija zagotovila za prestrukturiranje družbe IKB Deutsche Industriebank AG (UL L 278, 23.10.2009, str. 32), uvodna izjava 77; Sklep Komisije z dne 18. novembra 2009 v zadevi N 428/09, Lloyds (UL C 46, 24.2.2010, str. 2); Sklep Komisije z dne 20. maja 2010 v zadevi N 256/09, Ethias (UL C 252, 18.6.2010, str. 5); Sklep Komisije z dne 4. novembra 2009 v zadevi C 32/09, Sparkasse KölnBonn (UL C 2, 6.1.2010, str. 1).
In the meantime a sufficient level of burden sharing has been achieved by the conversion of the silent participations of the savings banks and the subsequent injection by the savings banks association of capital that increases its shareholding.
UL C 72, 26.3.2009, str. 1.
Moreover, the Commission has not found any irregularities in the valuation of the bank that formed the basis for the allocation of shares in 2008.
Glej Sodbo Sodišča z dne 11. decembra 2008 v zadevi C-334/07 P, Komisija proti Freistaat Sachsen, ZOdl., str.
There is consequently no reason to examine further any doubts concerning the savings banks association in that respect.
I-9465, točka 53, v kateri je Sodišče potrdilo, da je treba priglašeni ukrep oceniti v skladu s pravili, ki so veljavna ob sprejetju sklepa.
CONCLUSIONS
Glej Sklep Komisije 2010/606/EU z dne 26. februarja 2010 o državni pomoči C 9/09 (ex NN 49/08; NN 50/08 in NN 45/08) Kraljevine Belgije, Francoske republike in Velikega vojvodstva Luksemburg za bančno skupino Dexia SA (UL L 274, 19.10.2010, str. 54), uvodna izjava 153; Sklep Komisije z dne 20. septembra 2011 v zadevi C 29/2009, HSH, še neobjavljen, uvodna izjava 155.
In view of the commitments given by Germany regarding the restructuring and the conditions laid down in Annex II in regard to the repayment of parts of the aid measures and the claw-back, the Commission concludes that the risk shield is in line with section 5 of the Impaired Assets Communication, that the restructuring aid is limited to the minimum necessary and distortions of competition are sufficiently addressed, and that the restructuring plan submitted is likely to restore BayernLB's long-term viability.
60 % nominalne vrednosti, glej uvodno izjavo 26 sklepa o začetku postopka.
The restructuring aid should therefore be found compatible with the internal market pursuant to Article 107(3)(b) of the Treaty,
Glej opombo 21.
HAS ADOPTED THIS DECISION:
Nemčija je v zvezi s tem navedla, da je cilj vedno bil finančno prestrukturiranje družbe HGAA, tudi če je Avstrija ne bi nacionalizirala.
Article 1
Glej opombo 15.
The Commission Decision of 25 July 2012 on State aid granted by Germany and Austria to Bayerische Landesbank (Case SA.28487 (C 16/09, ex N 254/09)) is repealed.
UL C 356, 6.12.2011, str. 7.
Article 2
Glej točko 3 Priloge I.
The following measures constitute State aid within the meaning of Article 107(1) TFEU:
Glej uvodni izjavi 52 in 71.
the recapitalisation of Bayerische Landesbank by the Land of Bavaria, in the amount of EUR 10 billion;
Glej na primer Sklep Komisije 2010/395/EU z dne 15. decembra 2009 o državni pomoči C 17/09 (ex N 265/09) Nemčije za prestrukturiranje Landesbank Baden-Württemberg (UL L 188, 21.7.2010, str. 1).
the second-loss guarantee in the form of a risk shield granted to Bayerische Landesbank by the Land of Bavaria, in the amount of EUR 4,8 billion;
Glej uvodni izjavi 64 in 65 sklepa v zadevi LBBW.
the liability guarantees granted to Bayerische Landesbank by Germany, in the amount of EUR 15 billion;
Če se v skladu s sporočilom o dokapitalizaciji predpostavlja, da je 7 % ustrezno povračilo za nekriti kapital prvega reda, bi moralo biti povračilo kapitala drugega reda 5,5 %.
the funding guarantee granted to Bayerische Landesbank by Austria, in the amount of EUR 2,638 billion; and
Povprečje obeh stopenj je 6,25 %.
the transfer of EUR 1 billion in capital in Bayerische Landesbodenkreditanstalt from the Land of Bavaria to Bayerische Landesbank.
UL C 195, 19.8.2009, str. 9.
The State aid referred to in paragraph 1 is compatible with the internal market, in the light of the commitments set out in Annex I and Annex III and subject to the conditions set out in Annex II.
Na primer banke Commerzbank AG, Landesbank Baden-Württemberg (LBBW), HSH Nordbank AG in NordLB.
Article 3
Banka BayernLB je na primer leta 2011 odprla podružnico v Düsseldorfu.
Germany shall ensure that the restructuring plan submitted on 6 June 2012 and supplemented on 12 June 2012 is implemented in full, including the commitments set out in Annexes I and III and the conditions set out in Annex II, in accordance with the schedule set out in those Annexes.
Donosnost lastniškega kapitala iz preglednice 4 je bila izračunana na podlagi 10-odstotnega kapitalskega količnika, vendar se ne bi uresničila, če banka BayernLB ne bi odplačala nobenega kapitala.
Article 4
Donosnost lastniškega kapitala, ki bi se lahko dosegla v primeru odsotnosti odplačila, torej ni pravilno navedena.
Germany shall inform the Commission within 2 months of notification of this Decision of the measures taken to comply with it.
Glej preglednico 4.
Article 5
Glej preglednico 1.
This Decision is addressed to the Federal Republic of Germany and to the Republic of Austria.
Glej na primer Sklep 2012/477/EU.
Done at Brussels, 5 February 2013.
Sklep 2010/395/EU, v katerem se država članica zavezuje, da si banka prizadeva za največ 10–12-odstotno donosnost lastniškega kapitala po davku; Sklep 2012/477/EU, v skladu s katerim se od banke pričakuje, da bo dosegla 6,9 % leta 2014; in Sklep Komisije z dne 25. julija 2012 v zadevi SA.34381 (2012/N), NordLB (še neobjavljen), v skladu s katerim se od banke pričakuje, da bo dosegla 7,3 % leta 2016.
For the Commission
Glej odstavek 11 sporočila o prestrukturiranju.
Vice-President
Sklep SA.34381 (2012/N).
OJ C 134, 13.6.2009, p. 31; OJ C 85, 31.3.2010, p. 21; and OJ C 266, 1.10.2010, p. 5.
Glej Sklep Komisije z dne 30. marca 2012 v zadevi SA.34539 (2012/N), Commerzbank (še neobjavljen).
With effect from 1 December 2009, Articles 87 and 88 of the EC Treaty have become Articles 107 and 108, respectively, of the Treaty on the Functioning of the European Union (TFEU).
Glej opombo 44.
Commission Decision of 18 December 2008 in Case N 615/08 BayernLB (OJ C 80, 3.4.2009, p. 4).
Podatki za leto 2008.
Commission Decision of 9 December 2008 in Case N 557/08 Measures under the Law on the stability of the financial markets and on strengthening the interbank market for credit institutions and insurance companies in Austria (OJ C 3, 8.1.2009, p. 2) last prolonged until 30 June 2011 by the Commission Decision of 16 December 2010 in Case SA.32018 (2010/N) (OJ C 20, 21.1.2011, p.
Sklep 2012/477/EU, v okviru katerega se sredstva niso vrnila v celoti, temveč se je bilanca stanja zmanjšala za 60 %.
3).
PRILOGA I
Case C 16/09 (OJ C 134, 13.6.2009, p. 31).
A. SPLOŠNE ZAVEZE
The impact on the bank of the aid granted to HGAA will be the subject of a separate decision.
Če je odplačilo iz točk 2 in 3 Priloge II izvedeno šele po navedenem datumu, se bodo še naprej uporabljale točke 4, 6–8, 18–22, 24, 25, 27 in 28 Priloge I, dokler ne bo banka izpolnila vseh obveznosti glede plačil, vendar v nobenem primeru dlje kot do 31. decembra 2018.
OJ C 85, 31.3.2010, p. 21.
[Fiduciar za spremljanje] Popolno in pravilno izvajanje vseh zavez in pogojev s tega seznama bo stalno in skrbno spremljal ter podrobno preverjal ustrezno usposobljen fiduciar za spremljanje, ki je neodvisen od banke BayernLB.
OJ C 266, 1.10.2010, p. 5.
Ureditve glede imenovanja in nalog fiduciarja za spremljanje bodo določene v ločenem sporazumu.
Subsequently referred to as Case SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria.
[Temeljna banka in enota za prestrukturiranje] Banka BayernLB je ustanovila notranjo enoto za prestrukturiranje, ki na lastno odgovornost upravlja zmanjševanje določenih portfeljev ter tudi spremlja druge ukrepe za zmanjševanje, sprejete v okviru področij poslovanja in hčerinskih družb iz celotne skupine.