natgillin/translations-raw huggingface dataset:
On 8 August and 10 October 2014, the Commission requested information from Italy, to which Italy replied on 16 September and 14 November 2014.
Komisija je 8. avgusta in 10. oktobra 2014 zaprosila Italijo za informacije, Italija pa je odgovorila 16. septembra in 14. novembra 2014.
By letter dated 27 February 2015 (‘the opening decision’), the Commission informed Italy that it had decided to initiate the procedure laid down in Article 108(2) of the Treaty on the Functioning of the European Union (‘the Treaty’) in respect of the aid.
Komisija je z dopisom z dne 27. februarja 2015 (v nadaljnjem besedilu: sklep o začetku postopka) Italijo obvestila o svoji odločitvi, da začne postopek iz člena 108(2) Pogodbe o delovanju Evropske unije (v nadaljnjem besedilu: Pogodba) z zvezi s pomočjo.
The opening decision was published in the Official Journal of the European Union on 24 April 2015 [2].
Sklep o začetku postopka je bil objavljen v Uradnem listu Evropske unije 24. aprila 2015 [2].
On 2 April 2015, the Commission received comments from Italy.
Komisija je pripombe Italije prejela 2. aprila 2015.
On 22 May 2015, the Commission received comments from two interested parties, namely Tercas — Cassa di Risparmio della Provincia di Teramo SpA and Banca Popolare di Bari SCpA (‘BPB’).
22. maja 2015 je prejela pripombe dveh zainteresiranih strani, tj. Tercas – Cassa di Risparmio della Provincia di Teramo SpA in Banca Popolare di Bari SCpA (v nadaljnjem besedilu: BPB).
On the same day, it received comments from the FITD and from the Italian central bank, the Banca d'Italia.
Istega dne je prejela pripombe FITD in italijanske centralne banke Banca d'Italia.
On 9 June 2015, it forwarded those comments to Italy, and gave it the opportunity to reply.
Komisija je 9. junija 2015 navedene pripombe posredovala Italiji in ji dala možnost, da odgovori nanje.
Italy informed the Commission that it did not have observations on the comments.
Italija je Komisijo obvestila, da nima komentarjev v zvezi s pripombami.
On 13 August and 17 September 2015 two meetings were held with Italy and the interested parties.
13. avgusta in 17. septembra 2015 sta bila opravljena sestanka z Italijo in zainteresiranimi stranmi.
At those meetings Italy developed the arguments set out in its earlier official communications.
Italija je tam nadalje pojasnila argumente, ki jih je navedla v prejšnjih uradnih sporočilih.
Tercas — Cassa di Risparmio della Provincia di Teramo SpA is the holding company of a banking group (‘Tercas’) that operates mainly in the Abruzzo region.
Tercas – Cassa di Risparmio della Provincia di Teramo SpA je holding bančne skupine (v nadaljnjem besedilu: Tercas), ki deluje zlasti v deželi Abruci.
At the end of 2011, the main shareholder in the holding company was Fondazione Tercas, which had a 65 % stake at that time.
Ob koncu leta 2011 je bila glavna delničarka holdinga fundacija Fondazione Tercas, ki je takrat imela 65-odstotni delež.
At the end of 2011, Tercas included Banca Caripe SpA (‘Caripe’), a regional bank active mainly in the Abruzzo region, which was acquired by Tercas at the end of 2010, with a 90 % stake, and was consolidated in Tercas's financial reports.
Ob koncu leta 2011 je Tercas vključevala regionalno banko Banca Caripe SpA (v nadaljnjem besedilu: Caripe), ki deluje predvsem v deželi Abruci in katere 90-odstotni delež je Tercas pridobila ob koncu leta 2010 ter ga konsolidirala v svojih računovodskih poročilih.
Tercas had capital of EUR 50 million and reserves of EUR 311 million.
Tercas je imela 50 milijonov EUR kapitala in 311 milijonov EUR rezerv.
Likewise at the end of 2011, Tercas had a consolidated total balance sheet of EUR 5,3 billion, EUR 4,5 billion in net customer loans, EUR 2,7 billion in customer deposits, 165 branches and 1225 employees.
Prav tako ob koncu leta 2011 je konsolidirana bilančna vsota Tercas znašala 5,3 milijarde EUR, neto posojila strankam 4,5 milijarde EUR, vloge strank pa 2,7 milijarde EUR, poleg tega pa je imela še 165 podružnic in 1225 zaposlenih.
On 17 April 2012, after conducting an inspection of Tercas [3], the Banca d'Italia recommended that the Italian Minister for Economic Affairs and Finance should put Tercas under special administration pursuant to Article 70 of the Italian Banking Act (the Testo Unico Bancario).
Banca d'Italia je 17. aprila 2012 po opravljenem pregledu Tercas [3] priporočila, naj da italijanski minister za gospodarstvo in finance Tercas pod posebno upravo v skladu s členom 70 italijanskega zakona o bančništvu (Testo Unico Bancario).
On 30 April 2012, the Minister for Economic Affairs and Finance made an order putting Tercas under special administration [4].
Minister za gospodarstvo in finance je 30. aprila 2012 za Tercas odredil posebno upravo [4].
The Banca d'Italia appointed a special administrator (commissario straordinario) to ascertain the situation, correct irregularities and promote solutions in the interests of depositors.
Banca d'Italia je imenovala posebnega upravitelja (commissario straordinario), da bi ugotovil stanje, popravil nepravilnosti in spodbujal rešitve v interesu vlagateljev.
In the search for a solution to Tercas's difficulties the special administrator assessed various possibilities.
Posebni upravitelj je pri iskanju rešitev za težave Tercas ocenil različne možnosti.
Initially the administrator considered two options in which Tercas would be recapitalised either by Fondazione Tercas (Tercas's main shareholder) or by Credito Valtellinese (a shareholder with a 7,8 % stake), but then discarded them.
Sprva je obravnaval dve možnosti, v okviru katerih bi Fondazione Tercas (glavna delničarka Tercas) ali Credito Valtellinese (delničarka s 7,8-odstotnim deležem) dokapitalizirali Tercas, vendar je obe možnosti opustil.
In October 2013, in agreement with the Banca d'Italia, the special administrator entered into contact with BPB, which manifested an interest in injecting capital into Tercas, subject to a due diligence inquiry into the assets of Tercas and of Caripe and on condition that Tercas's negative equity was covered in full by the FITD.
Oktobra 2013 je v dogovoru z Banca d'Italia vzpostavil stik z BPB, ki je izrazila zanimanje za dokapitalizacijo Tercas, če bi se opravila preiskava primerne skrbnosti v zvezi s sredstvi Tercas in Caripe ter bi FITD v celoti pokril negativni lastniški kapital Tercas.
On 25 October 2013, on the basis of Article 29 of the FITD's constitution (Statuto), the special administrator asked the FITD to provide support worth up to EUR 280 million in the form of a recapitalisation to cover Tercas's negative equity at 30 September 2013 and a commitment by the FITD to acquire impaired assets.
Posebni upravitelj je 25. oktobra 2013 na podlagi člena 29 statuta FITD (Statuto) zaprosil FITD za podporo v vrednosti do 280 milijonov EUR v obliki dokapitalizacije za kritje negativnega lastniškega kapitala Tercas z dne 30. septembra 2013 in zaveze FITD za pridobitev oslabljenih sredstev.
On 30 October 2013, the FITD asked the Banca d'Italia for authorisation for that support measure: on 4 November 2013, the Banca d'Italia granted the authorisation.
Preiskava potrebne skrbnosti v zvezi s sredstvi Tercas se je končala 18. marca 2014 z nestrinjanjem strokovnjakov iz FITD in strokovnjakov bančne skupine (BPB), ki jo nadzira holding Banca Popolare di Bari SCpA.
Ultimately, however, the FITD did not put the measure into effect.
Zadeva je bila rešena, potem ko sta obe strani privolili v arbitražo z arbitrom, ki ga je imenovala Banca d'Italia.
A due diligence inquiry into Tercas's assets ended on 18 March 2014 with disagreement between the experts of the FITD and those of the banking group (‘BPB’) controlled by the holding company Banca Popolare di Bari SCpA.
Preiskava potrebne skrbnosti je razkrila dodatne oslabitve sredstev.
The issue was settled after the parties agreed to arbitration by an arbitrator designated by the Banca d'Italia.
FITD je 1. julija 2014 znova zaprosil Banca d'Italia, naj odobri podporo za Tercas, vendar pod spremenjenimi pogoji.
The due diligence inquiry disclosed further impairments of assets.
Banca d'Italia je navedeno podporo pod spremenjenimi pogoji [5] odobrila 7. julija 2014.
On 1 July 2014, the FITD once again asked the Banca d'Italia to authorise support for Tercas, but on modified terms.
Banca d'Italia je posebnega upravitelja Tercas pooblastila, da za 27. julij 2014 skliče izredno skupščino delničarjev, na kateri naj bi delničarji odločali o ukrepih za kritje izgub, nastalih med posebno upravo, in sočasnem povečanju kapitala v višini 230 milijonov EUR, ki naj bi ga vpisala BPB.
The Banca d'Italia authorised that support, on modified terms [5], on 7 July 2014.
Skupščina delničarjev Tercas [7] se je 27. julija 2014 odločila za:
The Banca d'Italia authorised Tercas's special administrator to call an extraordinary shareholders' meeting on 27 July 2014, which was to decide on measures to cover the losses which had occurred during the special administration and on a simultaneous capital increase of EUR 230 million, to be subscribed by BPB.
delno kritje izgub, med drugim z zmanjšanjem kapitala na nič in odpovedjo vseh navadnih delnic v obtoku, ter
On 27 July 2014, the Tercas shareholders' meeting [7] decided:
Posebna uprava Tercas se je končala 1. oktobra 2014, skupina BPB pa je imenovala novo vodstvo.
to partially cover the losses, inter alia, by reducing the capital to zero and cancelling all the ordinary shares in circulation; and
Ob koncu posebne uprave 30. septembra 2014 so skupna sredstva Tercas znašala 2994 milijonov EUR, vloge strank 2198 milijonov EUR, neto znesek donosnih posojil 1766 milijonov EUR, rezervacije za nedonosna posojila 716 milijonov EUR, skupni temeljni kapital pa 182 milijonov EUR [8].
to increase the capital to EUR 230 million, by issuing new ordinary shares to be offered exclusively to BPB; that capital increase took place on 27 July 2014 and was paid for partly by offsetting a EUR 480 million loan granted to Tercas by BPB on 5 November 2013.
BPB je marca 2015 vpisala novo povečanje kapitala Tercas v višini 135,4 milijona EUR (vključno s 40,4 milijona EUR za hčerinsko družbo Caripe), da bi krila dodatne izgube, nastale v četrtem četrtletju leta 2014, pokrila stroške prestrukturiranja, nastale v letih 2015 in 2016, ter izboljšala količnike kapitala Tercas.
In September 2014, Tercas recapitalised its subsidiary Caripe by means of a capital injection of EUR 75 million.
Banca Popolare di Bari SCpA je holding bančne skupine BPB.
On 1 October 2014 Tercas left special administration, and new management was appointed by BPB.
Deluje predvsem na jugu Italije.
On 30 September 2014, at the end of the special administration, Tercas had total assets of EUR 2994 million, customer deposits of EUR 2198, net performing loans of EUR 1766 million, provisions for non-performing loans of EUR 716 million, and total tier 1 capital of EUR 182 million [8].
Ob koncu leta 2013 je bilančna vsota BPB znašala 10,3 milijarde EUR, posojila strankam so znašala 6,9 milijarde EUR, vloge strank 6,6 milijarde EUR, imela je 247 podružnic in 2206 zaposlenih, njen količnik temeljnega kapitala je bil 8,1 %, količnik skupnega kapitala pa 11 %.
In March 2015, BPB subscribed a new increase in Tercas's capital for an amount of EUR 135,4 million (including EUR 40,4 million for its subsidiary Caripe), to cope with additional losses incurred in the fourth quarter of 2014, to cover restructuring costs in 2015 and 2016, and to improve Tercas's capital ratios.
Italijanski sistem jamstva za vloge in FITD
Banca Popolare di Bari SCpA is the holding company of the banking group BPB.
V skladu z Direktivo 94/19/ES Evropskega parlamenta in Sveta [9], ki se je uporabljala med posredovanjem FITD v zvezi s Tercas, lahko kreditna institucija prevzema vloge le, če je članica uradno priznanega sistema jamstva za vloge [10].
BPB operates mainly in the south of Italy.
V skladu s členom 96 italijanskega zakona o bančništvu so „[i]talijanske banke […] članice sistema jamstva za vloge, ustanovljenega in priznanega v Italiji.
At the end of 2013, BPB had a balance sheet total of EUR 10,3 billion, customer loans of EUR 6,9 billion, customer deposits of EUR 6,6 billion, 247 branches and 2206 employees, a tier 1 capital ratio of 8,1 % and a total capital ratio of 11 %.
Zadružne banke (banche di credito cooperativo) so članice sistema jamstva za vloge, ustanovljenega v okviru njihove mreže“ [11].
The Italian deposit guarantee scheme and the FITD
Še vedno je edini ustanovljeni in priznani italijanski sistem jamstva za vloge, v katerega se lahko poleg zadružnih bank včlanijo tudi druge banke [13].
Under Directive 94/19/EC of the European Parliament and of the Council [9], which was applicable at the time when the FITD intervention in relation to Tercas took place, no credit institution may take deposits unless it is a member of an officially recognised deposit guarantee scheme [10].
V skladu s členom 2 statuta FITD, ki ga je potrdila Banca d'Italia: „Članice sklada so italijanske banke, razen zadružnih bank.“
According to Article 96 of the Italian Banking Act, ‘Italian banks shall be members of a deposit guarantee scheme established and recognised in Italy.
Fondo di Garanzia dei Depositanti del Credito Cooperativo je zakonsko predpisan sistem jamstva za vloge, namenjen izključno zadružnim bankam, za katere je članstvo v njem obvezno.
Mutual banks (banche di credito cooperativo) shall be members of the deposit guarantee scheme established within their network’ [11].
V skladu s členom 96a zakona o bančništvu in členom 29 statuta FITD lahko FITD pod nekaterimi pogoji sprejme ukrepe za podporo članicam, za katere se izvaja posebna uprava.
There are currently two deposit guarantee schemes established in Italy:
Takšni ukrepi se financirajo naknadno z obveznimi prispevki bank članic.
The FITD, which was recognised as a deposit guarantee scheme on 10 December 1996, is a mandatory consortium [12] formed under private law.
Znesek posameznega prispevka se določi na podlagi ustreznih določb statuta FITD [14] in je sorazmeren z zajamčenimi vlogami posamezne banke.
To date, it is the only established and recognised Italian deposit guarantee scheme whose membership is open to banks other than mutual banks [13].
Prispevki se ne evidentirajo neposredno v bilanci stanja FITD, temveč na posebnem računu za zadevni ukrep podpore.
According to Article 2 of the FITD's constitution, approved by the Banca d'Italia: ‘Italian banks shall be members of the Fund, with the exception of mutual banks’.
Odločitve o ukrepih podpore sprejmeta dva upravljavska organa FITD:
The Fondo di Garanzia dei Depositanti del Credito Cooperativo is a statutory deposit guarantee scheme whose membership is open only to mutual banks, which are required to be members.
svet [15] odloča z absolutno večino članov, navzočih na seji, na kateri se sprejme odločitev.
Under Article 96-bis of the Banking Act and Article 29 of the FITD's constitution, the FITD may under certain conditions take measures to support members that are subject to special administration.
Predsednika sveta imenujejo člani sveta.
Such measures are financed ex post, by mandatory contributions provided by the member banks.
Navadni člani se izberejo sorazmerno z zajamčenimi vlogami posamezne banke, kar pomeni, da imajo prednost tiste z večjimi prispevki, zagotovljeno pa je, da so zastopane tudi manjše banke [16].
The amount of the individual contribution is determined under the relevant provisions of the FITD's constitution [14] in proportion to the guaranteed deposits held by each bank.
Navadnih članov sveta je zdaj 23, večina pa jih zastopa največje banke članice [17]; Unicredit, Intesa Sanpaolo in Monte dei Paschi di Siena imata zdaj po dva predstavnika.
Contributions are not entered directly in the FITD's balance sheet, but in a separate account for the particular support measure.
Član sveta je tudi predsednik Associazione Bancaria Italiana (ABI);
Decisions on support measures are taken by the two governing bodies of the FITD:
drugi upravljavski organ je izvršni odbor [18], ki odloča z navadno večino članov, navzočih na seji, na kateri se sprejme odločitev.
First there is the Board [15], which decides by absolute majority of the members present at the meeting when the decision is taken.
Sestavljajo ga predsednik sveta, namestnik predsednika sveta, ki je tudi namestnik predsednika odbora, in šest drugih članov sveta.
The Chairman of the Board is appointed by the members of the Board.
Odločitve o ukrepih podpore v obliki financiranja in jamstev sprejema izvršni odbor [19], medtem ko mora odločitve o pridobivanju deležev v lastniškem kapitalu in drugi tehnični podpori sprejemati svet na predlog izvršnega odbora [20].
The ordinary members are selected in proportion to the guaranteed deposits held by each bank, thus favouring larger contributors, but ensuring that smaller banks are also represented [16].
UKREPI
The ordinary members of the Board, currently 23, are for the most part representatives of the largest member banks [17]; at present there are two representatives each from Unicredit, Intesa Sanpaolo and Monte dei Paschi di Siena.
Podpora FITD, ki jo je Banca d'Italia odobrila 7. julija 2014, zajema naslednje ukrepe:
The Chairman of the Associazione Bancaria Italiana (ABI) is also a member of the Board.
Ukrep 1
The other governing body is the Executive Committee [18], which decides by simple majority of the members present at the meeting when the decision is taken.
nepovratni prispevek za kritje negativnega lastniškega kapitala Tercas v višini 265 milijonov EUR.
Its members are the Chairman of the Board, the Deputy Chairman of the Board, who also acts as Deputy Chairman of the Committee, and six other members of the Board.
Ukrep 2
Support measures in the form of financing and guarantees are decided by the Executive Committee [19], while the acquisition of equity interests and other technical support has to be decided by the Board, on a proposal from the Executive Committee [20].
triletno jamstvo v vrednosti 35 milijonov EUR za kritje kreditnega tveganja, povezanega z izpostavljenostma Tercas do […] [21].
THE MEASURES
Navedeni izpostavljenosti (dve posojili z odplačilom v enkratnem znesku in datumom zapadlosti 31. marca 2015) so dolžniki v celoti odplačali ob zapadlosti, zato je jamstvo preteklo, ne da bi bilo sproženo.
The FITD support authorised by the Banca d'Italia on 7 July 2014 consists of the following measures:
Ukrep 3
Measure 1
jamstvo v vrednosti do 30 milijonov EUR za kritje dodatnih stroškov, ki bi lahko nastali zaradi plačila davka na ukrep 1.
EUR 265 million as a non-repayable contribution to cover Tercas's negative equity.
Takšna plačila davka bi bila potrebna, če v skladu z italijansko zakonodajo za ukrep 1 ne bi veljala oprostitev davka [22].
Measure 2
V skladu z zadevno zakonodajo je morala Evropska komisija odobriti zadevno oprostitev plačila davka za ukrepe podpore, ki jih je sprejel FITD.
EUR 35 million as a three-year guarantee to cover the credit risk associated with certain exposures of Tercas towards […] [21].
V zadevnem primeru je FITD Tercas izplačal celotni znesek 30 milijonov EUR, preden je Komisija sprejela odločitev o oprostitvi plačila davka.
Those exposures (two bullet loans maturing on 31 March 2015) were fully repaid by the debtors at maturity, and hence the guarantee expired without being triggered.
RAZLOGI ZA ZAČETEK POSTOPKA
Measure 3
Komisija je v sklepu o začetku postopka sprejela predhodno sklepno ugotovitev, da ukrepi, ki niso bili priglašeni, morda vključujejo državno pomoč v smislu člena 107 Pogodbe, in da obstajajo dvomi o njihovi združljivosti z notranjim trgom.
Up to EUR 30 million as a guarantee to cover additional costs that might arise from the payment of tax on Measure 1.
Predhodna ugotovitev Komisija je bila, da so ukrepi podpore, ki naj bi jih sprejel FITD, pripisljivi Italiji in da so bila sredstva FITD pod javnim nadzorom.
Such tax payments would be necessary if Measure 1 were not to be considered tax exempt under Italian law [22].
FITD je ravnal v skladu z javnim pooblastilom, ki ga določa država: podlaga za priznanje FITD kot obveznega sistema jamstva za vloge je bil zakon o bančništvu, pri čemer v skladu s členom 96a zakona ukrepi FITD niso omejeni na povračilo vlagateljem v primeru likvidacije, statut FITD pa je odobrila Banca d'Italia.
Under the relevant legislation, the specific tax exemption for support measures taken by the FITD was to be subject to the approval of the European Commission.
Nadalje, ko je FITD ukrepal v primerih, ki niso zadevali likvidacije, ali na drugačen način, je morala Italija prek Banca d'Italia vedno odobriti ukrep.
In the event, the FITD paid out the full amount of EUR 30 million to Tercas before the Commission had taken a decision on the tax exemption.
Kar zadeva vprašanje obstoja selektivne prednosti, je Komisija ugotovila, da FITD ni ravnal v vlogi udeleženca v tržnem gospodarstvu, saj je dodelil nepovratna sredstva za kritje negativnega lastniškega kapitala, za jamstva, izdana v korist Tercas, pa ni zaračunal provizije.
GROUNDS FOR INITIATING THE PROCEDURE
Zaradi navedenih ukrepov Tercas ni bilo treba izstopiti s trga, kot bi verjetno morala, če takšne pomoči ne bi prejela.
In the opening decision, the Commission came to the preliminary conclusion that the measures, which had not been notified, might contain State aid within the meaning of Article 107 of the Treaty, and that there were doubts as to their compatibility with the internal market.
Predhodna sklepna ugotovitev Komisije je bila, da so bili ukrepi selektivni, saj so se nanašali samo na Tercas, ter da so s preprečitvijo njene insolventnosti in izstopa s trga povzročili izkrivljanje konkurence.
The Commission's preliminary finding was that the support measures to be taken by the FITD were imputable to the Italian State, and that FITD's resources were under public control.
Poleg tega je Tercas konkurirala tujim podjetjem, kar pomeni, da je bila prizadeta trgovina med državami članicami.
The FITD was acting in accordance with a public mandate laid down by the State: the basis for the recognition of the FITD as a mandatory deposit guarantee scheme was the Banking Act, Article 96-bis of the Banking Act allowed the FITD to intervene in ways other than reimbursing depositors in the event of a liquidation, and the constitution of the FITD was approved by the Banca d'Italia.
Komisija je menila, da so bili ukrepi 1, 2 in 3 dodeljeni v nasprotju z obveznostmi iz člena 108(3) Pogodbe, če so pomenili pomoč.
In addition, when the FITD intervened in cases other than liquidations, or by other means, it always had to have authorisation by the Italian State via the Banca d'Italia.
PRIPOMBE ITALIJE IN ZAINTERESIRANIH STRANI
On the question whether there was a selective advantage, the Commission observed that the FITD was not acting in the capacity of an operator in a market economy, since it was granting a non-repayable contribution to cover the negative equity, and for the guarantees issued in favour of Tercas it did not charge any fee.
Državna sredstva in pripisljivost državi
The measures permitted Tercas to avoid exiting the market, as it would likely have had to do in the absence of such support.
Pripombe Italije [23]
The Commission came to the preliminary conclusion that the measures were selective, given that they related to Tercas only, and that they distorted competition by preventing Tercas from becoming insolvent and exiting the market.
Italija trdi, da zadevni ukrepi podpore niso obvezni, saj FITD sam presoja o izbiri ukrepov, njihovem časovnem razporedu in obsegu.
And Tercas was in competition with foreign undertakings, so that trade between Member States was affected.
Poleg tega navedeni ukrepi niso neposredno primerljivi z obveznimi nalogami iz zakona o bančništvu: namesto tega so usmerjeni neposredno v drug cilj, vsekakor pa imajo dodaten namen, tj. pomagati pri okrevanju bank v težavah.
The Commission considered that if measures 1, 2 and 3 constituted aid they had been granted in breach of the obligations laid down by Article 108(3) of the Treaty.
Vsako sovpadanje ciljev v zvezi z zaščito vlagateljev je zgolj naključno.
COMMENTS FROM ITALY AND INTERESTED PARTIES
V tem smislu je sklicevanje Komisije na sodbo v zadevi Avstrijski zakon o električni energiji iz obnovljivih virov [24] neustrezno.