natgillin/translations-raw huggingface dataset:
Valuation of the shielded assets
Prav tako je bilo dogovorjeno, da bo v primeru, da bo družba HGAA za izpolnjevanje minimalnih regulativnih kapitalskih zahtev potrebovala dodatne kapitalske ukrepe, kakršna koli nadaljnja kapitalska injekcija razdeljena med banko BayernLB in Avstrijo v razmerju 3:1.
With the help of the tool an internal rating was produced: deals that had a yellow or red flag were typically downgraded.
Če bi se družba HGAA razdelila ali če bi se sprejel drug ekonomsko primerljiv ukrep, ki ne bi zagotovil uspešnega poslovanja družbe HGAA, bi za izpostavljenost jamčila Avstrija.
The internal rating was then mapped to Moody's public rating.
Prenos kapitala družbe BayernLabo na banko BayernLB
That public rating was then used in Moody's CDOROM [21] version 2,4 to arrive at an estimate of the expected loss on the full portfolio and the relevant tranches.
Velik del rezerv družbe BayernLabo, ki znašajo 1 milijardo EUR, bo brezplačno prenesen k rezervam temeljne banke, tj. banke BayernLB.
On the basis of that methodology the real economic value (REV) of the ABS portfolio at the time of the approval of the measures was estimated by the Commission's experts at 83,87 % of the nominal value of EUR 19,589 billion, that is to say EUR 16,429 billion.
Načrt za prestrukturiranje, ki ga je priglasila Nemčija
In an e-mail message of 14 December 2009 Germany stated that it would not be seeking further analysis of the expected loss.
Opis poslovnega modela
When a transfer price of EUR 18,389 billion is compared to a real economic value of EUR 16,429 billion, there is a a difference of EUR 1,96 billion.
Za novi poslovni model so značilni manjše tveganje, večja osredotočenost na regionalne dejavnosti ter vzdržnost dejavnosti financiranja in posojil.
The capital relief effect of the measure at the time the risk shield was implemented was determined to be EUR 1,28 billion.
Predvideva bistveno zmanjšanje dejavnosti banke BayernLB ter osredotočenost na temeljne dejavnosti, temeljne produkte in temeljne regije na podlagi ukrepov, kot so zaprtje ali odprodaja poslovnih centrov, hčerinskih družb in imetništva delnic ter ukinitev področij poslovanja.
The accuracy of the method and the underlying calculations used to determine the capital relief effect was confirmed by BaFin in a letter dated 9 April 2010.
Glavna lastnost strategije prestrukturiranja je razlikovanje med temeljnimi in netemeljnimi dejavnostmi v poslovnih segmentih.
Remuneration of the risk shield and claw-back
Cilj banke BayernLB je ločitev od vseh netemeljnih dejavnosti.
BayernLB revised the remuneration for the risk shield (including a claw-back payment) retroactively, with effect from 1 January 2010, from 50 basis points to a yearly fee of EUR 200 million, consisting of:
Da bi izvedla strateško ločitev temeljnih in netemeljnih dejavnosti, je banka BayernLB vzpostavila enoto za prestrukturiranje, v kateri je združena večina netemeljnih dejavnosti.
a special fee of EUR 45 million per annum until 2015.
temeljno področje poslovanja 1: podjetja, mala in srednje velika podjetja (Mittelstand) [27] ter zasebne stranke;
The liability guarantees
temeljno področje poslovanja 2: nepremičnine, hranilnice, javni organi in družba BayernLabo;
BayernLB received liability guarantees given by the German Financial Market Stabilisation Fund (Sonderfonds Finanzmarktstabilisierung—‘SoFFin’) under the Financial Market Stabilisation Act (Finanzmarktstabilisierungsgesetz), which was approved by the Commission in its decision on the German rescue package for credit institutions [22].
temeljno področje poslovanja 3: trgi.
Those guarantees amounted to EUR 15 billion, of which EUR 5 billion was used for an issue in January 2009, while the remaining EUR 10 billion were returned unused to the guarantor on 16 October 2009, whereupon SoFFin reduced the guarantee to EUR 5 billion.
Temeljno področje poslovanja 1: podjetja, mala in srednja podjetja (Mittelstand) ter zasebne stranke
On 23 January 2012, the last tranche of the liability guarantees granted by SoFFin was redeemed.
Na področju poslovanja, ki zajema podjetja, so ciljna skupina podjetja s sedežem v Nemčiji in prihodkom vsaj 1 milijardoEUR.
The funding guarantee for liquidity granted by Austria
Dosedanje poslovanje s podružnicami v tujini, zlasti lokalne dejavnosti, bo zmanjšano in omejeno na stranke, povezane z Nemčijo [28], ki jim bo banka BayernLB nudila zlasti bančne produkte za podjetja, predvsem kredite, in strukturirane finančne produkte, ki vključujejo financiranje izvoza in trgovine, zakup in financiranje projektov.
In December 2008, following large write-downs and losses, HGAA received EUR 700 million from BayernLB and EUR 900 million in Tier 1 non-voting capital [23] from Austria on the basis of the Austrian emergency bank support scheme [24].
Kar zadeva mala in srednje velika podjetja, se bo banka BayernLB osredotočila na bavarska podjetja s prihodki med 50 milijonov EUR in 1 milijardo EUR, družinska podjetja in druga nemška podjetja v določenih regijah, v katerih je banka že prisotna, na primer v regiji Severno Porenje-Vestfalija prek podružnice v Düsseldorfu.
In 2009, BayernLB and HGAA commissioned an outside report on HGAA's credit risk.
Banka bo prek hranilnic nudila produkte tudi podjetjem s prihodki manj kot 50 milijonov EUR.
Following the Austrian financial market supervisory authority's ultimatum to the shareholders to take the necessary decisions for a recapitalisation of HGAA by 11 December 2009, Austria acquired all the shares for the symbolic price of one euro [25].
V okviru bančništva na drobno bo družba DKB prek neposrednega bančništva nudila bančne račune, kreditne kartice in druge produkte (financiranje, naložbe).
BayernLB renounced all its shareholder's rights including its claims in respect of EUR 300 million in Tier 2 capital in HGAA [26].
Na področju infrastrukture bo družba DKB osredotočena zlasti na subjekte, ki opravljajo storitve splošnega interesa, in zdravstvene ustanove.
In the event that further capital measures were needed to enable HGAA to fulfil the regulatory minimum capital requirements, it was also agreed that any further capital injection would be split between BayernLB and Austria in a proportion of 3:1.
Družba DKB se bo usmerila tudi v poslovne stranke v izbranih sektorjih, kot so kmetijstvo, živila, okoljska tehnologija, turizem ter pravne in davčne storitve.
However, any additional capital supplied by BayernLB on that basis would reduce the EUR [500-550] million in funding that BayernLB had provided to HGAA, on which it had renounced its rights as part of the HGAA rescue operation.
Temeljno področje poslovanja 2: nepremičnine, hranilnice, javni organi in družba BayernLabo
In order to ensure HGAA's liquidity, BayernLB reissued a liquidity line amounting to EUR [350-600] million that had run out on 4 December 2009.
Kar zadeva poslovne nepremičnine, bo banka opravljala storitve financiranja portfelja, spodbujanja gradnje stanovanj, financiranja razvoja in zalog ter financiranja nepremičninskih skladov.
In 2014, BayernLB would leave funding amounting to EUR [650-700] million with HGAA, and in 2015 it would leave EUR [350-400] million.
V zvezi z upravljanimi nepremičninami se bo banka osredotočila na financiranje domov upokojencev in zdravstvenih ustanov.
In the event that HGAA was split up or another economically comparable measure was taken that did not ensure the viability of HGAA, the exposure was guaranteed by Austria.
Banka BayernLB bo še naprej sodelovala z bavarskimi hranilnicami in v manjšem obsegu z drugimi nemškimi hranilnicami.
The BayernLabo capital transferred to BayernLB
Banka bo zagotavljala produkte, ki bodo dopolnjevali produkte hranilnic, in opravljala vlogo centralne banke hranilnic.
A significant part of the reserves of BayernLabo, amounting to EUR 1 billion, is to be be transferred to the reserves of the core bank, BayernLB, without any consideration or remuneration.
V segmentu javnih organov bo banka BayernLB nudila raznolike produkte financiranja in druge storitve, povezane na primer s projekti javno-zasebnega partnerstva.
The restructuring plan notified by Germany
Banka BayernLB ne bo zagotavljala novih kreditov javnim organom zunaj Bavarske, razen upravljanja likvidnosti.
Description of the business model
Poleg tega se lahko še vedno opravljajo storitve financiranja javno-zasebnih partnerstev, projektov in izvoza, če je to v interesu strank, povezanih z Nemčijo.
BayernLB has drawn up a restructuring plan to set out its return to viability by 31 December 2015.
Banka BayernLB bo prek hčerinske družbe BayernLabo zagotavljala državno financiranje projektov stanovanjskih nepremičnin na Bavarskem.
The plan envisages substantial changes to BayernLB's business model and provides for a strategic realignment of the bank.
Družba BayernLabo bo usmerjena v zasebne stranke, podjetja, ki gradijo ali posodabljajo stanovanja na Bavarskem, in javne organe.
The new business model is characterised by reduced risk and a stronger focus on regional business and sustainability on the funding and lending sides.
Poleg tega bo družba BayernLabo nudila produkte financiranja javnim organom in konzorcijem, ki so jih ustanovili javni organi.
It provides for a significant reduction of the activities of BayernLB and a concentration on core activities, core products and core regions, through such things as the closure or divestiture of business centres, subsidiaries and shareholding, and the discontinuation of areas of business.
Te dejavnosti pa bodo omejene na Bavarsko.
A main feature of the restructuring strategy is the distinction between core and non-core activities in the business segments.
Temeljno področje poslovanja 3: trgi
It is BayernLB's objective to separate from all non-core activities.
Banka BayernLB bo zagotavljala zakladne produkte (izvedene finančne instrumente na blago, kratkoročne obrestne mere, izvedene finančne instrumente s stalnim donosom, tujo valuto), produkte kapitalskih trgov (stalni donos, strukturirane produkte za certifikate za male vlagatelje, strukturirane obrestne produkte, izvrševanje delnic) in produkte financiranja (mednarodna posojila, nacionalno financiranje).
In order to implement the strategic separation between core and non-core activities, BayernLB has established a restructuring unit where most non-core activities are bundled.
Banka bo te produkte nudila finančnim institucijam in institucionalnim strankam, kot so zavarovalnice, trusti in cerkve.
In that way, BayernLB can focus on future tasks in its core activities without having to deal with the phasing out of the non-core activities.
To področje poslovanja bo omejeno na dejavnosti, povezane s strankami banke: trgovanje za svoj račun se bo opustilo, razen zakladniškega poslovanja.
core business area 2: real estate, savings banks, public authorities and BayernLabo;
Banka BayernLB je že zaprla svoje poslovalnice v Pekingu, Tokiu, Montrealu, Bombaju, Kijevu, Hongkongu in Šanghaju.
core business area 3: markets.
Mednarodna prisotnost banke bo omejena na poslovalnice v Parizu, New Yorku, Londonu in Milanu, v katerih se je število zaposlenih že bistveno zmanjšalo.
Core business area 1: corporates, small and medium-sized businesses (Mittelstand) and private customers
Banka bo prodala več hčerinskih družb.
In the corporates business area, the target group is enterprises with headquarters in Germany and a turnover of at least EUR 1 billion.
Združenju hranilnic bo prodala družbo LBS.
Business hitherto conducted at foreign branches, especially local activities, will be reduced, and limited to customers with a link to Germany [28], to whom BayernLB will in particular offer corporate banking products, especially credit facilities, and structured finance products, consisting of export and trade financing, leasing and project financing.
Strokovno poročilo te trditve ni upoštevalo.
Regarding small and medium-sized businesses, BayernLB will target Bavarian enterprises with a turnover between EUR 50 million and EUR 1 billion, family-run businesses, and other German enterprises in specific regions where the bank is already present, such as North Rhine-Westphalia via its Düsseldorf branch.
Zato Komisija ni zahtevala javnega razpisa, saj na podlagi strokovnega poročila ni štela za verjetno, da bi se s takim razpisom dosegli višji prihodki kot s prodajo združenju hranilnic.
The bank will also provide products to enterprises with a turnover below EUR 50 million via the savings banks.
Zaradi politične in gospodarske negotovosti na Madžarskem [29] ter učinka te negotovosti na finančne podatke družbe MKB je banka BayernLB sklenila, da kratkoročna prodaja družbe MKB verjetno ne bo mogoča, in odložila odprodajo družbe MKB z dne […].
Through its subsidiary DKB, BayernLB will be active in the business areas retail banking, infrastructure, and commercial customers.
Poleg tega bo banka BayernLB trajno zmanjšala tveganja na svojih preostalih temeljnih področjih poslovanja.
In retail banking, DKB will offer bank accounts, credit cards and other products (financing, investment) via direct banking.
Opustila bo dejavnosti, ki so močno odvisne od razvoja kapitalskih trgov, na primer trgovanje za svoj račun, vrednostni papirji s premoženjskim kritjem in s transakcijami povezano financiranje nakupov.
In infrastructure, DKB will, in particular, target entities providing services of general interest and healthcare institutions.
Občutno bo zmanjšala posle financiranja in posle z visokim tveganjem z mednarodnimi strankami ter bo takšne posle sklepala le v primeru jasne povezave z Nemčijo.
Lastly, DKB will target commercial customers in selected industries such as agriculture, food, environmental technology, tourism, and legal and tax services.
Kar zadeva področje poslovanja s podjetji, bo opustila poslovanje s podjetji in financiranje projektov za stranke, ki niso povezane z Nemčijo.
Core business area 2: real estate, savings banks, public authorities and BayernLabo
Prenehala bo z nepremičninskim poslovanjem v tujih poslovalnicah s strankami, ki niso povezane z Nemčijo.
With regard to real estate, BayernLB will focus on German clients.
Poleg tega bo znatno zmanjšala kreditno poslovanje z bankami in opustila namensko trgovanje za svoj račun.
It will, however, also provide services to international clients with a link to Germany.
Osredotočenost na regionalni ravni
With regard to commercial real estate, the bank will provide portfolio financing, housing promotion, development and inventory financing, and financing of real estate funds.
Konec leta 2010 je bila kreditna izpostavljenost banke BayernLB v Nemčiji 58-odstotna, v Evropi pa 74-odstotna (geografska regija).
With regard to residential real estate, the bank will provide services for housing enterprises and building financing.
Glavne valutne izpostavljenosti banke BayernLB vključujejo ameriški dolar, funt šterling in švicarski frank (glej preglednico 2); razen v eurih je bilo konec leta 2010 v drugih valutah izraženih 24 % sredstev banke.
In the context of managed real estate, the bank will focus on financing care homes and health care property.
Preglednica 2
BayernLB will continue to cooperate with Bavarian and, to a lesser extent, other German savings banks.
Sredstva in obveznosti, ki so bile konec leta 2010 izražene v tuji valuti
The bank will provide products complementing the savings banks' own products and act as the savings banks' central bank.
SREDSTVA
In the public authorities segment, BayernLB will offer various financing products and other services related, for example, to public-private partnership projects.
OBVEZNOSTI
BayernLB will not offer new credit products to public authorities outside Bavaria except for liquidity management.
Druge valute
In addition, public-private partnership, project and export financing can still be offered if this is in the interest of customers with a link to Germany.
Konec leta 2010 je bilo [30–50] % sredstev, izraženih v ameriških dolarjih, vknjiženih v enoti za prestrukturiranje.
Through its subsidiary BayernLabo, BayernLB will be active in providing government-funded financing for residential real estate projects in Bavaria.
Konec leta 2010 je bilo v poslovalnici banke BayernLB v New Yorku [30–50] % sredstev, izraženih v ameriških dolarjih, v poslovalnici v Londonu pa [50–70] % sredstev, izraženih v šterlingih.
BayernLabo will target private customers, businesses that create or modernise housing in Bavaria, and public authorities.
Banka BayernLB na področju poslovanja s podjetji poleg posojil podjetjem zagotavlja posojila za financiranje projektov.
Furthermore, BayernLabo will offer financing products to public authorities and consortia set up by public authorities.
Konec leta 2010 je bilo na tem področju poslovanja vknjiženih [23–29] milijard EUR posojil, od katerih je bilo [9–14] milijard EUR namenjenih posojilom za podjetja; preostalih [12–17] milijard EUR posojil je vključevalo zlasti financiranje projektov in drugo strukturirano financiranje.
That business will, however, be limited to the region of Bavaria.
S posojili za financiranje projektov se je banka močno izpostavila državam, ki niso članice EU.
Core business area 3: markets
Od neporavnanega zneska posojil za financiranje projektov jih je bilo konec leta 2011 le [2–5] % povezanih z Nemčijo; tri države, do katerih je bila izpostavljenost največja, so bile Združene države Amerike, Združeno kraljestvo in [država Bližnjega vzhoda].
BayernLB will provide treasury products (commodities, short-term interest rates, fixed-income derivatives, foreign exchange), capital markets products (fixed income, structured products for retail certificates, structured interest products, shares execution) and funding products (international loans, domestic funding).
Od novih posojil, ki so bila v New Yorku odobrena med letoma 2009 in 2012, jih je bilo le [12–15] % povezanih s projekti, v katerih je sodelovala nemška stranka banke, medtem ko je bilo v istem obdobju [55–60] % posojil za financiranje projektov odobrenih v Evropi, na Bližnjem vzhodu in v Afriki (EMA).
This business area will be limited to activities in connection with the bank's clients: proprietary trading will be abandoned, except for treasury activities.
Ukrepi za povečanje kapitala
Furthermore, credit business with other banks will be cut back substantially.
Med preiskavo so nemški organi, finančni regulator, lastniki banke in sama banka intenzivno obravnavali spremenjeni načrt za prestrukturiranje in možen načrt odplačil.
Reduction of business activities
Nesporno je, da se v skladu z okvirom Basel III tiha udeležba (razen državne pomoči) ne bo štela za kapital prvega reda in se zato od leta 2013 ne bo več v celoti priznavala kot regulativni kapital.
BayernLB has already closed its offices in Beijing, Tokyo, Montreal, Mumbai, Kiev, Hong Kong and Shanghai.
Posamezne bavarske hranilnice imajo trenutno v banki BayernLB [700–750] milijonov EUR kapitala v obliki tihe udeležbe; […] [30].
The bank's international presence will be limited to the offices in Paris, New York, London and Milan, which have already been substantially downsized.
Ta tiha udeležba nima roka zapadlosti, zato bo ostala v banki, razen če jo bo banka izplačala na lastno pobudo.
The bank will sell several of its subsidiaries.
Združenje hranilnic se je z banko dogovorilo, da bo vsa tiha udeležba posameznih hranilnic brez določenega roka zapadlosti izplačana […] in da jo bo združenje hranilnic nemudoma ponovno vložilo v družbo BayernLB Holding na podlagi dokapitalizacije [31].
In particular, it will sell LBS to the savings banks association.
Delež združenja hranilnic ne sme biti večji od 25 %, saj ne sme presegati manjšine, ki lahko prepreči sprejetje odločitve, tj. 25 % + 1 glas.
The purchase price of EUR 818,3 million is based on an expert report provided by two valuation experts on 30 May 2012 and reflects the value of LBS at 30 June 2012.
Vendar se banka BayernLB ne strinja z izplačilom tihe udeležbe, ker ne želi ogroziti svoje regulativne kapitalske rezerve.
Germany argues that that the savings banks are the main distribution channel for LBS products, and that in determining a price a normal private investor would apply a discount for such a market risk.
BaFin je Komisiji ustno izrazil mnenje, da banka ne potrebuje le 9-odstotnega količnika temeljnega kapitala, kot ga določa Evropski bančni organ (v nadaljnjem besedilu: EBA), ampak tudi znatno rezervo, ki bi morala obsegati vsaj 0,5 do 1 %, odvisno od poslovnega modela banke.
That argument was not taken into account in the expert report.
Poleg tega je banka potrdila smiselnost takšne rezerve po uporabi kriznega scenarija v skladu s testom izjemnih situacij EBA iz junija 2011.
For this reason the Commission has not insisted on an open tender, as it considered it unlikely that such a tender would have resulted in higher proceeds than a sale to the savings banks association on the basis of the expert report.
Regulator je pozdravil ta preudaren pristop.
Because of the political and economic uncertainty in Hungary [29] and the impact thereof on MKB's financial data, BayernLB came to the conclusion that it was unlikely to be able to sell MKB in the short term, and decided to postpone the divestment of MKB from […].
Zato namerava banka BayernLB velik del rezerv družbe BayernLabo (1 milijarda EUR) prenesti na temeljno banko.
Furthermore, BayernLB will permanently reduce risks in its remaining core business areas.
Prispevek za posebne namene (glej uvodni izjavi 29 in 31) pa bo družba BayernLabo obdržala in ga še naprej uporabljala za svoje zakonito naložene dejavnosti na področju spodbujanja gradnje stanovanj.
It will abandon businesses which are highly dependent on the development of capital markets, for example proprietary trading, asset-backed securities and transaction-related acquisition financing.
Preostali kapital družbe BayernLabo bo nadgrajen, da bi se lahko priznal kot temeljni kapital EBA, ki v celoti krije izgube in se izplača na podlagi dividend.
It will greatly reduce funding- and risk-intensive business with international clients, and engage in such business only where there is a clear link to Germany.
Opis finančnega načrtovanja
With regard to the corporates business area, corporate business and project financing for customers without a link to Germany will be abandoned.
Predpostavke, uporabljene v finančnem načrtovanju, regulativna obravnava, predvideni ključni podatki, dobičkonosnost posameznega področja poslovanja in napovedi v zvezi z družbo MKB so predstavljeni v uvodni izjavi 83 in naslednjih uvodnih izjavah.
Real estate business in foreign offices with customers without a link to Germany will be terminated.
Predpostavke
Furthermore, credit business with banks will be extensively reduced, and dedicated proprietary trading will be abandoned.
Za kratkoročne napovedi glede BDP in valut (tj. v obdobju 2012–2013) banka BayernLB uporablja metodologijo, ki temelji na tehtanih napovedih mednarodnih institucij, kratkoročnih napovedih zasebnih napovedovalcev in prispevku notranjega raziskovalnega oddelka banke BayernLB.
Altogether the bank undertakes to reduce its balance sheet to EUR 239,4 billion in 2015, from EUR 421,7 billion in 2008.
Dolgoročne napovedi banke BayernLB glede BDP po letu 2013 temeljijo na predpostavki, da se bo gospodarstvo izboljševalo v skladu s svojim dolgoročnim potencialom.
On a 2008 like-for-like basis a balance sheet reduced to EUR 239,4 billion corresponds to EUR 206 billion, which is a reduction of 51 %.
Napovedi banke BayernLB za namene notranjega načrtovanja so praviloma konservativne.
Regional focus
Manjša odstopanja od podatkov, ki so jih napovedale druge institucije, se lahko pojavijo zaradi zaokroževanja (na primer napovedi za euroobmočje leta 2013: MDS: 0,9 %, banka BayernLB in Komisija: 1 %).
At the end of 2010, 58 % of the credit exposure of BayernLB was located in Germany and 74 % in Europe (geographic region).
Napoved banke BayernLB glede dolarja temelji na predpostavki, da bo dolar leta 2013 […].
The main currency exposures of BayernLB are the US dollar, the pound sterling and the Swiss franc (see Table 2); 24 % of the assets of the bank were denominated in currencies other than the euro at the end of 2010.
V obdobju 2015–2016 bo dolar v primerjavi z eurom […].