natgillin/translations-raw huggingface dataset:
The Credit Policy shall specify that all customers shall be treated fairly through non-discriminatory procedures other than those related to credit risk and ability to pay.
Iz preglednice 3 je razvidno, da je ukrep B1 pokril le omejen del skupnih kapitalskih potreb, ugotovljenih v testu izjemnih situacij iz leta 2012.
The Credit Policy defines the thresholds above which the granting of loans must be approved by higher levels of management.
Skupina bi morala nadaljnji kapital zbrati s prihodnjim povečanjem kapitala, premostitvena dokapitalizacija pa naj bi bila namenjena le ohranjanju upravičenosti skupine do financiranja ECB, dokler se ne bi izvedlo povečanje kapitala.
Similar thresholds shall be defined regarding the restructuring of loans and the handling of claims and litigations.
Skupina je javnost o končani izdaji pravic in popolni dodelitvi v okviru zasebne prodaje obvestila 3. junija 2013 [56].
The Credit Policy shall centralise in selected centres the decision-making process at national level, and provide clear safeguards to ensure a consistent implementation of its instructions within all the Greek banking activities.
Skupna zasebna udeležba v povečanju delniškega kapitala skupine je tako dosegla 550 milijonov EUR.
Specific provisions
Izvršilna cena je enaka vpisni ceni 0,44 EUR plus letna obrestna mera (4 % za prvo leto, 5 % za drugo leto, 6 % za tretje leto, 7 % za četrto leto in nato 8 % za zadnjih šest mesecev, prilagojenih na letno raven) [61].
The specific provisions listed in paragraphs (11) to (18) of Chapter III of the Commitments shall apply to the Greek banking activities, unless explicitly stated otherwise.
Z izboljšanjem učinkovitosti podružnic in osebja se bodo zmanjšali skupni stroški grških dejavnosti skupine za […] % z 1345 milijonov EUR na pro forma osnovi leta 2012 na […] milijonov EUR leta 2017 [67].
The Credit Policy shall require that the pricing of loans and mortgages to comply with strict guidelines.
Pričakovano razmerje med stroški in prihodki njenih grških bančnih dejavnosti se bo zato do konca obdobja prestrukturiranja zmanjšalo pod […] %.
Those guidelines shall include the obligation to respect strictly the credit policy’s standard tables of interest rate bands (ranges) depending on the maturity of the loan, the credit risk assessment of the customer, the expected recoverability of pledged collateral (including the time frame to a potential liquidation), the overall relationship with the Bank (e.g. level and stability of deposits, fee structure and other cross-sales activities) and the funding cost of the Bank.
Avgusta 2013 je prodala svojo ukrajinsko odvisno družbo.
Any exception must be duly authorised by the Credit Committee, or at lower level of authority when allowed by the Credit Policy.
Kot je bilo navedeno v uvodni izjavi 89, je skupina uspela zbrati kapital tudi od zasebnih vlagateljev med dokapitalizacijo iz pomladi 2013.
Tailor-made transactions such as syndicated loans or project finance shall respect the same principles, with due account being taken of the fact that they may not fit in standardised credit policy tables.
Dokapitalizacija iz pomladi 2013 je precej zmanjšala delež obstoječih delničarjev, saj je po tej dokapitalizaciji sklad HSFS prejel 83,66 % delnic skupine, prejšnji delničarji pa so ohranili le 4,9-odstotni delež.
Infringements of that pricing policy shall be reported to the Monitoring Trustee.
Ukrepi B1, B2, B3 in B4 so bili dodeljeni v enoletnem obdobju, in sicer od aprila 2012 do maja 2013.
The Risk Management Department shall be responsible for the assessment of credit risk and the valuation of collateral.
Tveganju prilagojena aktiva skupine se je v tem obdobju spremenila, saj se je po prevzemu banke Emporiki Bank povečala.
When assessing the loan quality, the Risk Management Department shall act independently, providing its written opinion so as to ensure that criteria used in the assessment are applied consistently over time and among customers and in respect of the Bank’s credit policy.
Povedano drugače, kapitalske potrebe, ki naj bi jih navedeni ukrepi državne podpore obravnavali, so že obstajale marca 2012.
Regarding loans to individuals and legal entities, for all the Greek banking activities, on the basis of the best international practices, the Bank shall apply strict individual and aggregated limits governing the maximum loan amount that can be granted to a single credit risk (if at all allowed under Greek and EU law).
Komisija zato meni, da bi bilo treba znesek pomoči, vključene v ukrepih B1, B2, B3 in B4, primerjati s tveganju prilagojeno aktivo skupine na dan 31. marca 2012.
Those limits shall take into account the maturity of the loan and the quality of any collateral/security provided and shall be set against key benchmarks including against capital.
Dejstvo, da je skupina prevzela banko Emporiki Bank precej po marcu 2012, ne bi smelo vplivati na zmanjšanje razmerja „pomoči tveganju prilagojeni aktivi“.
Granting loans [2] to enable borrowers to purchase shares or hybrid instruments of the Bank and other banks [3] shall be prohibited, whoever are those borrowers [4].
Pomoč nima nič manjšega učinka izkrivljanja, ker je skupina izvedla prevzem, ki je povečal njeno tveganju prilagojeno aktivo.
This provision shall apply and shall be monitored at the Bank’s level.
primernost: pomoč mora biti ciljno usmerjena, da se lahko učinkovito doseže cilj odpravljanja resne motnje v gospodarstvu.
All loan requests by non-connected borrowers greater than [[…]% of the Bank’s RWA] or any loan which keeps the exposure to one group (defined as a group of connected borrowers that represent a single credit risk) higher than [[…]% of the Bank’s RWA] shall be reported to the Monitoring Trustee, which may, if the conditions do not appear to be set at arm’s-length or if no sufficient information has been provided to the Monitoring Trustee, postpone the granting of the credit line or the loan by […] working days.
To se ne bi zgodilo, če ukrep ne bi bil primeren za odpravo motnje;
In emergency cases, that period may be reduced to […] working days provided sufficient information has been provided to the Monitoring Trustee.
Dokapitalizacija iz leta 2009 v obliki prednostnih delnic (ukrep A) je bila dodeljena v okviru ukrepa dokapitalizacije, odobrenega leta 2008 v okviru programa pomoči grškim bankam na podlagi sporočila o bančništvu iz leta 2008.
That period will enable the Monitoring Trustee to report the case to the Commission and the HFSF before any definitive decision is taken by the Bank.
Zato je ni treba ponovno oceniti na podlagi sporočila o bančništvu iz leta 2008, ampak le na podlagi sporočila o prestrukturiranju.
The Credit Policy shall give clear instructions on the restructuring of loans.
Združljivost izredne likvidnostne pomoči z državnim jamstvom (ukrep L2) bi bilo treba najprej oceniti na podlagi sporočila o bančništvu iz leta 2008 in sporočila o podaljšanju iz leta 2011.
It clearly defines which loans are eligible, under which circumstances, and indicates the terms and conditions that can be proposed to eligible customers.
Vsaka izredna likvidnostna pomoč z državnim jamstvom, dodeljena po 1. avgustu 2013, spada na področje uporabe sporočila o bančništvu iz leta 2013.
For all the Greek banking activities, the Bank shall ensure that all restructurings aim at enhancing the future recoveries by the Bank, thus safeguarding the interest of the Bank.
Združljivost dokapitalizacij iz sklada HFSF (ukrepi B1, B2, B3 in B4), zlasti kar zadeva nadomestilo, bi bilo treba najprej oceniti na podlagi sporočila o bančništvu iz leta 2008, sporočila o dokapitalizaciji in sporočila o podaljšanju iz leta 2011.
In no case the restructuring policy will jeopardise the future profitability of the Bank.
Komisija je v sklepu o začetku postopka za skupino Alpha izrazila pomisleke glede združljivosti ukrepa B1 z navedenimi sporočili.
For that purpose, the Bank’s Risk Management Department shall be responsible for developing and deploying adequate restructuring effectiveness reporting mechanisms, for performing in-depth analyses of internal and/or external best practices, reporting its findings at least on a quarterly basis to the Credit Committee and the Board Risk Committee, suggesting actionable improvements to the processes and policies involved and oversee and reporting on their implementation to the Credit Committee and the Board Risk Committee.
Navedeni ukrepi so bili izvedeni pred 31. julijem 2013, zato ne spadajo na področje uporabe sporočila o bančništvu iz leta 2013.
For all the Greek banking activities, the Bank shall enact a claim and litigation policy aiming at maximising recovery and preventing any discrimination or preferential treatment in the management of litigations.
Združljivost dokapitalizacij iz sklada HFSF (ukrepi B1, B2, B3 in B4) bi bilo treba oceniti tudi na podlagi sporočila o prestrukturiranju.
The Bank shall ensure that all necessary actions are taken to maximise the recoveries for the Bank and protect its financial position in the long-term.
Razlika med temi stroški je višja zlasti od zahtevane stopnje provizije za jamstvo iz sporočila o podaljšanju iz leta 2011.
Any breach in the implementation of that policy shall be reported to the Monitoring Trustee.
Zato se lahko skupno nadomestilo, ki ga je zaračunala država, šteje za zadostno.
The Bank shall monitor credit risk through a well-developed set of alerts and reports, which enable the Risk Management Department to: (i) identify early signals of loan impairment and default events; (ii) assess recoverability of the loan portfolio (including but not limited to alternative repayment sources such as co-debtors and guarantors as well as collateral pledged or available but not pledged); (iii) assess the overall exposure of the Bank on an individual customer or on a portfolio basis; and (iv) propose corrective and improvement actions to the Board of Directors as necessary.
Ukrep L2 je torej v skladu s sporočilom o bančništvu iz leta 2008 in sporočilom o podaljšanju iz leta 2011.
The Monitoring Trustee shall be given access to that information.
Sporočilo o bančništvu iz leta 2013 glede jamstev ni uvedlo nobenih dodatnih zahtev, torej je ukrep L2 tudi v skladu s sporočilom o bančništvu iz leta 2013.
Provisions applying to connected borrowers
Pred dokapitalizacijo iz pomladi 2013 je tržna kapitalizacija skupine znašala le nekaj sto milijonov EUR.
All the provisions applying on connected borrowers shall apply at the Bank’s level.
V takih okoliščinah se pojavi vprašanje, ali bi bilo treba izločiti vse obstoječe delničarje.
Connected borrowers include employees, shareholders, directors, managers, as well as their spouses, children and siblings and any legal entity directly or indirectly controlled by key-employees (i.e. employees involved in the decision-making process of the Credit Policy), shareholders, directors or managers or their spouses, children and siblings.
Sklad HFSF je navedene nakupne bone dodelil brez plačila.
By extension, any public institution or government-controlled organisation, any public company or government agency shall be considered as a connected borrower.
Program PSI in odkup iz decembra 2012 sta neke vrste nadomestili za državo, saj se je njen dolg skupini zmanjšal za več milijard EUR.
Political parties shall also be treated as connected borrowers in the Credit Policy.
Komisija zaradi vseh navedenih razlogov sprejme, da sklad HFSF prejme neglasovalne delnice.
Particular focus shall be on decisions regarding any restructuring and write downs of loans to current or former employees, directors, shareholders, managers and their relatives as well as policies followed in the appropriateness, valuation, registration of liens and foreclosure of loan collateral.
V skladu z oceno uspešnega poslovanja, ki jo je izvedel zunanji svetovalec v začetku leta 2012, je grška centralna banka menila, da banka Emporiki Bank samostojno ni sposobna uspešnega poslovanja.
The definition of connected borrowers has been further specified in a separate document.
Banki Crédit Agricole je povzročala velike izgube, ki jo je zato želela prodati.
The Risk Management Department shall be responsible for the mapping of all connected groups of borrowers that represent a single credit risk with a view to properly monitoring credit risk concentration.
Test izjemnih situacij, ki je bil opravljen leta 2012 za določitev kapitalskih potreb skupine, je pokazal, da so napovedi kreditne izgube v osnovnem scenariju znašale 921 milijonov EUR, v negativnem scenariju pa 1201 milijonov EUR.
Regarding loans to individuals and legal entities, the Bank, on the basis of the best international practices, applies strict individual and aggregated limits governing the maximum loan amount that can be granted to a single credit risk which relates to connected borrowers (if at all allowed under Greek and EU law).
Tuja aktiva je pomenila tudi izčrpavanje likvidnosti, saj je financiranje znotraj skupine znašalo več milijard EUR.
The Bank shall monitor separately its exposure to connected borrowers including the public sector entities and political parties.
Do leta 2017 se bodo skupni stroški skupine v primerjavi z letom 2013 znižali za dodatnih […] %.
That Commitment shall be complied with separately for each type of connected borrower (employees, shareholder, managers, public entities, political party).
Pričakovano razmerje med stroški in prihodki bo ob koncu obdobja prestrukturiranja manjše od […] %.
The credit assessment of the connected borrowers, as well as the pricing conditions and possible restructuring offered to them, shall not be more advantageous compared to conditions offered to similar but unconnected borrowers, in order to secure a level-playing field in the Greek economy.
Komisija meni, da načrt prestrukturiranja ohranja učinkovitost skupine v novem tržnem okolju.
That obligation does not apply to existing general schemes benefiting employees, offering them subsidised loans.
Drugo ključno področje je upravljanje nedonosnih posojil, saj so ta posojila 31. decembra 2013 znašala 32,4 % portfelja [110].
The Bank shall report every month about the evolution of that exposure, the amount of the new production and the recent requests greater than [[…]% of the Bank’s RWA] to be addressed at the Credit committee.
Skupina namerava okrepiti svojo kreditno politiko (omejitve, zavarovalno kritje) in se osredotočiti na osnovno dejavnost, da bi čim bolj zmanjšala svoje izgube.
The credit criteria applied to employees/managers/shareholders shall be no less strict than those applied to other, non-connected borrowers.
Upošteva daljšo in globljo recesijo ter hujšo deflacijo cen nepremičnin [112].
If the total credit exposure to a single employee/manager/shareholder exceeds an amount equal to a [[…]] fixed salary for secured loans and an amount equal to a [[…]] fixed salary for unsecured loans, the exposure shall be reported promptly to the Monitoring Trustee who may intervene and postpone the granting of the loan pursuant to the procedure described in paragraph (25) of Chapter III of the Commitments.
Načrt prestrukturiranja kaže, da je skupina sposobna prenesti razumne obremenitve, saj skupina v negativnem scenariju ob koncu obdobja prestrukturiranja ostaja donosna in dobro kapitalizirana.
All loan requests by connected borrowers greater than [[…]% of the Bank’s RWA] or any loan which keeps the exposure to one group (defined as a group of connected borrowers that represent a single credit risk) higher than [[…]% of the Bank’s RWA] shall be reported to the Monitoring Trustee, which may, if the conditions do not appear to be set at arm’s-length or if no sufficient information has been provided to the Monitoring Trustee, postpone the granting of the credit line or the loan by […] working days.
Znesek dodatnega kapitala, ki je bil zbran leta 2014, tj. 1,2 milijarde EUR, zadostuje za preživetje v osnovnem scenariju iz testa izjemnih situacij iz leta 2013 v obdobju prestrukturiranja in za poplačilo prednostnih delnic, kar je skupina izvedla aprila 2014 [113].
The restructuring of loans involving connected borrowers shall comply with the same requirements as for non-connected borrowers.
Skupina bo grški centralni banki predložila tudi pogojni kapitalski načrt, v katerem bo navedla ukrepe, ki jih bo izvedla, če se bo gospodarsko okolje nadalje poslabšalo.
Furthermore, established frameworks and policies to deal with troubled assets shall be assessed and improved, if necessary.
Skupina je svoje zavarovalniške dejavnosti prodala leta 2007.
However, it is expected that restructured loans of connected borrowers shall be reported separately, at least per loan asset class and connected borrower type.
Zato nima nobene znatne dejavnosti na navedenem trgu, ki bi jo bilo mogoče prodati in ustvariti sredstva.
Section C:
Njeni stroški se bodo do leta 2017 dodatno znižali.
Other restrictions
Število njenih zaposlenih se zmanjšuje, plače pa prilagajajo navzdol.
Dividend, Coupon, Repurchase, Call and Buy Back ban: Unless the Commission otherwise agrees to an exemption, the Hellenic Republic commits that:
Delež starih delničarjev skupine se je zmanjšal z izdajo pravic, ki je bila zaključena leta 2009 [115], nato pa še z dokapitalizacijo sklada HFSF (ukrep B4) in zbiranjem zasebnega kapitala iz leta 2013 in marca 2014.
The Bank shall not pay any coupons on hybrid capital instruments (or any other instruments for which the coupon payment is discretionary) or dividends on own funds instruments and subordinated debt instruments other than where there is a legal obligation to do so.
Na primer, delež delničarjev skupine, med katere so spadali vlagatelji, ki so vložili kapital leta 2009, je pred dokapitalizacijo iz pomladi 2013 znašal 100 %, po njej pa le 4,9 %.
The Bank shall not release reserves to put itself in such a position.
Poleg tega je tržni delež skupine v Grčiji velik, saj je 31. decembra 2012 obsegal 15-odstotni tržni delež na področju posojil in 13-odstotni tržni delež na področju vlog.
In case of doubt as to whether, for the purpose of the present Commitment, a legal obligation exists, the Bank shall submit the proposed coupon or dividend payment to the Commission for approval;
Prevzem banke Emporiki Bank, v manjši meri pa tudi treh zadružnih bank in grških dejavnosti banke Citibank, je povečal tržne deleže skupine.
The Bank shall not repurchase any of its own shares or exercise a call option in respect of those own funds instruments and subordinated debt instruments;
Družba Diners Club International je družba za kreditne kartice, ki je bila ustanovljena leta 1950, z delovanjem v Grčiji pa je začela leta 1959.
The Bank shall not buy back hybrid capital instruments.
Družba Diners Club Greece je v lasti banke Citibank International in družbe Citibank Overseas Investment Corporation.
Acquisition ban: The Hellenic Republic commits that the Bank shall not acquire any stake in any undertaking, be it an asset or share transfer.
Na primer, cena dne 10. decembra 2013 je bila 0,4488 EUR, dne 10. junija 2014 bo 0,4576 EUR, dne 10. decembra 2014 bo 0,4686 EUR, dne 10. junija 2015 bo 0,4796 EUR itd. Glej objavo banke Alpha Bank z dne 10. junija 2013 o „Final Terms of Listing and Characteristics of the Titles representing shares ownership rights (Warrants) that resulted from the concluded share capital increase“ (Končni pogoji vpisa in značilnosti naslovov, ki predstavljajo delniške lastninske pravice (nakupni boni), nastale na podlagi zaključenega povečanja delniškega kapitala), na voljo na spletni strani: http://www.alpha.gr/files/investorrelations/1306010_Warrants_en.pdf
That ban on acquisitions covers both undertaking which have the legal form of a company and any package of assets which forms a business [7].
Helenska republika zagotovi, da banka Alpha Bank (v nadaljnjem besedilu: skupina) izvaja načrt prestrukturiranja, ki je bil predložen junija 2014.
Exemption requiring Commission’s prior approval: Notwithstanding that prohibition, the Bank may, after obtaining the Commission’s approval, and, where appropriate, on a proposal of the HFSF, acquire businesses and undertakings if it is in exceptional circumstances necessary to restore financial stability or to ensure effective competition.
Načrt prestrukturiranja temelji na makroekonomskih predpostavkah, ki jih je postavila Evropska komisija (v nadaljnjem besedilu: Komisija) v Dodatku, in regulativnih predpostavkah.
Exemption not requiring Commission’s prior approval: The Bank may acquire stakes in undertakings provided that:
Obdobje prestrukturiranja se konča 31. decembra 2018.
The purchase price paid by the Bank for any acquisition is less than [[…]%] of the balance sheet size [8] of the Bank at the Effective Date of the Commitments [9]; and
Zaveze se uporabljajo skozi celotno obdobje prestrukturiranja, razen če posamezna zaveza določa drugače.
The cumulative purchase prices paid by the Bank for all such acquisitions starting with the Effective Date of the Commitments until the end of the restructuring period, is less than [[…]%] of the balance sheet size of the Bank at the Effective Date of the Commitments.
Razmerje med neto posojili in vlogami v Grčiji: razmerje med neto posojili in vlogami za grške bančne dejavnosti 31. decembra 2017 zajema največ 119 %.
Activities not falling under the acquisition ban: The acquisition ban shall not cover acquisitions that take place in the ordinary course of the banking business in the management of existing claims towards ailing firms, including the conversion of existing debt to equity instruments.
Banka Crédit Agricole je po končanem skrbnem finančnem pregledu vložila skupno 2893 milijonov EUR kapitala in v celoti vpisala zamenljivo obveznico v višini 150 milijonov EUR, ki jo je izdala skupina [30].
Advertising ban: The Hellenic Republic commits that the Bank shall refrain from advertising referring to state support and from employing any aggressive commercial strategies which would not take place without the support of the Hellenic Republic.
Transakcija je imela z vidika statistike pozitiven učinek tudi na količnik kapitalske ustreznosti skupine, saj je skupina prevzela visoko dokapitalizirano banko za plačilo 1 EUR.
CHAPTER IV.
Pro forma količnik kapitalske ustreznosti združenega subjekta je dne 31. marca 2012 znašal 11,8 %, količnik kapitalske ustreznosti skupine pa je bil le 8,8-odstoten.
MONITORING TRUSTEE
Navedeni zneski lastniškega kapitala za leta 2010, 2011 in 2012 vključujejo prednostne delnice v višini 940 milijonov EUR, ki jih je Grčija dodelila leta 2009; za leto 2012 navedeni zneski ne vključujejo obeh premostitvenih dokapitalizacij v višini 2942 milijonov EUR, ki ju je skupina prejela leta 2012.
The Hellenic Republic commits that the Bank shall amend and extend the mandate of the Monitoring Trustee approved by the Commission and appointed by the Bank on 16 January 2013 until the end of the restructuring period.
Znesek lastniškega kapitala za leto 2013 vključuje popolno dokapitalizacijo iz let 2012 in 2013, ki jo je izvedel sklad HFSF, in zasebno dokapitalizacijo, kar je skupaj znašalo 4571 milijonov EUR.
The Bank shall also broaden the scope of that mandate to incorporate the monitoring of: (i) the restructuring plan; and (ii) all Commitments set out in this catalogue.
B1, B2, B3, B4
Four weeks after the Effective Date of the Commitments, the Hellenic Republic shall submit to the Commission the full terms of the amended mandate, which shall include all provisions necessary to enable the Monitoring Trustee to fulfil its duties under those Commitments.
Udeležba sklada HFSF v dokapitalizaciji iz pomladi 2013 (ukrep B4) je pretvorba prve in druge premostitvene dokapitalizacije (ukrepa B1 in B2) in delna izvedba pisma o zavezi (ukrep B3) v trajno dokapitalizacijo v obliki navadnih delnic v višini 4021 milijonov EUR.
Additional provisions on the Monitoring Trustee are specified in a separate document.
Celotnega zneska kapitala, ki je bil temu namenjen prek ukrepa B3, ni bilo treba vložiti, saj je bilo 550 milijonov EUR zbranih od zasebnih vlagateljev.
The Secretary-General
Skupina je za nakup banke Emporiki Bank plačala le 1 EUR.