natgillin/translations-raw huggingface dataset:
The Commission considers that the sale process was open and non-discriminatory.
Kot je Banka Grčije navedla v svojem pismu z dne 8. maja 2013, bi preklic dovoljenja banke FB kljub njeni majhnosti brez uporabe ukrepov reševanja ogrozil zaupanje vlagateljev v grški bančni sistem in vplival na finančno stabilnost.
The negative price (that is to say, taking into account the funding gap and the coverage of the aforementioned capital needs) for the assets and liabilities of FB Bank does not preclude that the sale price reflects the market value of the business [116].
Komisija meni, da takšni elementi stabilnosti podpirajo nujnost ukrepov FB4 in FB5.
The Commission has no reason to consider that the offer made and the price paid did not reflect the market price of the business.
Kar zadeva znesek posredovanja, je Banka Grčije v svojem sklepu 10/1/10.5.2013 navedla, da je bil nalog za prenos izbranih sredstev in obveznosti prednostna rešitev, ker je stroške reševanja zmanjšala na najnižjo možno raven.
It is recalled that, under Greek law, the fair value of the transferred assets is initially estimated by the Bank of Greece and then verified and adjusted by external experts during the following six months.
Prispevek je natančno kril razliko med pošteno vrednostjo prenesenih sredstev ter vrednostjo obveznosti.
As a result, the Commission considers that the sale took place on market terms.
Poleg tega se je GSFS zavezal h kritju kapitalskih potreb samo do 9 % prenesenih sredstev, kot jih je ocenila Banka Grčije.
On the basis of the above, in line with point 49 of the 2008 Banking Communication, point 20 of the Restructuring Communication and its decisional practice [117], the Commission concludes that State aid to the Bank can be excluded.
Dejstvo, da je od obeh ponudnikov samo skupina pristala na revizijo svoje ponudbe, podpira ugotovitev, da prispevek ni bil prevelik.
Conclusion on the existence and total amount of aid received
Obenem lastniški kapital banke FB ni bil prenesen, temveč je ostal v likvidiranem subjektu, tj. v banki FB.
On the basis of recitals 190 to 197, the Commission considers that measures FB1, FB2, FB3, FB4 and FB5 all fulfil the conditions laid down in Article 107(1) of the Treaty and constitute State aid.
Delničarji bodo zato utrpeli celotno izgubo, strošek njihovega reševanja pa ne zvišuje prispevka GSFS.
Therefore, the Commission concludes that the activities of FB Bank have received State aid in the form of capital support of EUR 606,97 million (measures FB1, FB4 and FB5), in addition to loans of Greek government securities of EUR 60 million (measure FB2) and State guarantees of EUR 50 million (measure FB3), as summarised in Table 10.
Kot je že bilo navedeno v uvodni izjavi 195 glede nadomestila pomoči, GSFS najverjetneje ne bo v celoti izterjal zneska prispevanega denarja [120].
Table 10
Jasno je torej, da ne prejema nobenega nadomestila in da je njegov prispevek podoben donaciji.
Overview of the total aid to FB Bank's activities
Kot je navedeno v točki 44 sporočila o dokapitalizaciji, se lahko nezadostno odplačana dokapitalizacija sprejme le v primeru bank v težavah, ki ne morejo plačati nobenega nadomestila.
Nature of aid
Komisija meni, da je to veljalo za banko FB.
Amount of aid (in EUR million)
Zaradi neizplačevanja nadomestila je potrebno temeljito prestrukturiranje v skladu s sporočilom o dokapitalizaciji.
Recapitalisation
Ukrepa FB4 in FB5 sta kot pomoč za reševanje torej po višini in obliki nujna za doseganje ciljev omejitve motenj v grškem bančnem sistemu in celotnem gospodarstvu.
Financing of funding gap from FB Bank to the Bank
Sorazmernost
Commitment letter to cover the capital needs related to FB Bank's transferred assets to the Bank
Komisija ugotavlja, da banka FB ne obstaja več v takšni obliki, kot je obstajala prej.
Total capital aid granted
Dejstvo, da pomoč rešuje dejavnosti, prenesene s te banke, bi lahko teoretično povzročilo izkrivljanje konkurence.
Total capital aid eventually disbursed
Vendar je Komisija seznanjena z majhnostjo banke FB ter s postopkom prodaje, v katerem so imeli konkurenti možnosti predložiti ponudbe za izbrana sredstva in obveznosti banke FB.
Bond loan
Takoj po prenosu gospodarskih dejavnosti banke FB so bile te tudi popolnoma vključene v skupino in so prenehale obstajati kot ločena gospodarska dejavnost ali konkurent.
Guarantee
Komisija zato ugotavlja, da pomoč ne povzroča neupravičenega izkrivljanja konkurence.
Total liquidity aid granted
Sklepna ugotovitev o skladnosti ukrepov FB4 in FB5
Legal basis of the compatibility assessment
Sklene se, da sta ukrepa FB4 in FB5 primerna in potrebna ter da sta glede na majhnost banke FB in njeno ukinitev v smislu samostojnega konkurenta ter polno vključitev v skupino sorazmerna s predvidenim ciljem v skladu s sporočilom o bančništvu iz leta 2008 in sporočilom o dokapitalizaciji.
Article 107(3)(b) of the Treaty empowers the Commission to find that aid is compatible with the internal market if it is intended ‘to remedy a serious disturbance in the economy of a Member State’.
Skladnost ukrepov pomoči s sporočilom o prestrukturiranju
The Commission has acknowledged that the global financial crisis can create a serious disturbance in the economy of a Member State and that measures supporting banks may remedy that disturbance.
Kar zadeva nadomestilo ukrepa FB4, je Komisija v uvodni izjavi 218 ugotovila, da GSFS najverjetneje ne bo v celoti izterjal 456,97 milijona EUR, ki jih je vložil za rešitev banke FB (ukrep FB4).
This has been confirmed in the 2008 Banking Communication, the Recapitalisation Communication, and the Restructuring Communication.
Zaradi neizplačevanja nadomestila je potrebno temeljito prestrukturiranje v smislu ukrepov za uspešnost poslovanja in ukrepov za omejitev izkrivljanja konkurence.
The Commission still considers that requirements for State aid to be approved pursuant to Article 107(3)(b) of the Treaty are fulfilled in view of the reappearance of stress in financial markets.
Dolgoročna uspešnost dejavnosti banke FB zaradi njene prodaje
The Commission confirmed that view by adopting the 2011 Prolongation Communication [118] and the 2013 Banking Communication [119].
Točka 21 sporočila o prestrukturiranju določa, da kadar kreditna institucija v težavah ne more kredibilno ponovno začeti z dolgoročnim uspešnim poslovanjem, je treba razmisliti o nadzorovani likvidaciji ali prodaji banke na dražbi.
With respect to the Greek economy, in its decisions approving and prolonging the Greek Banks Support Scheme as well as in its approvals of State aid measures granted by Greece to individual banks, the Commission has acknowledged that there is a threat of serious disturbance in the Greek economy and that State support of banks is suitable to remedy that disturbance.
Države članice bi lahko zato spodbujale izstop neuspešnih subjektov, pri čemer mora postopek izstopa potekati v primernem časovnem okviru, ki ohranja finančno stabilnost.
Therefore, the legal basis for the assessment of the aid measures should be Article 107(3)(b) of the Treaty.
Vendar banka FB samostojno ni bila sposobna uspešnega poslovanja in začel se je postopek njene likvidacije.
In line with point 15 of the 2008 Banking Communication, in order for an aid to be compatible under Article 107(3)(b) of the Treaty it must comply with the general criteria for compatibility:
V zvezi s tem je v točki 17 sporočila o prestrukturiranju pojasnjeno, da „lahko prodaja banke v težavah drugi finančni instituciji prispeva k ponovni vzpostavitvi uspešnega poslovanja, če kupec uspešno posluje in je sposoben absorbirati prenos banke v težavah ter lahko pripomore k povrnitvi zaupanja trgov“.
Appropriateness The aid has to be well-targeted in order to be able to effectively achieve the objective of remedying a serious disturbance in the economy.
Kot je navedeno v oddelku 7.5.2, se lahko skupina na podlagi svojega načrta prestrukturiranja šteje za poslovno uspešno.
It would not be the case if the measure were not appropriate to remedy the disturbance.
Zaradi prenosa dejavnosti banke FB na skupino je mogoče ponovno vzpostaviti njihovo dolgoročno uspešnost izvajanja.
Necessity The aid measure must, in its amount and form, be necessary to achieve the objective.
Poleg tega je zaradi dejstva, da so dejavnosti banke FB popolnoma vključene [121] v skupino in so obenem prenehale obstajati kot samostojni konkurent, potrebno temeljito prestrukturiranje, ki se zahteva zaradi nezadostnega nadomestila državne pomoči.
Therefore it must be of the minimum amount necessary to reach the objective, and take the form most appropriate to remedy the disturbance.
Lastni prispevek in porazdelitev bremena
Proportionality The positive effects of the measure must be properly balanced against the distortions of competition, in order for the distortions to be limited to the minimum necessary to achieve the measure's objectives.
Kot je pojasnjeno v uvodni izjavi 216, izbrani način reševanja banke FB zagotavlja omejevanje stroškov prestrukturiranja na najnižjo možno raven.
During the financial crisis, the Commission has developed compatibility criteria for different types of aid measures.
Grški organi so najprej skrbno ocenili likvidnostno vrzel in pri tem upoštevali poročilo neodvisnih revizorjev.
Principles for assessing aid measures were first laid down in the 2008 Banking Communication.
Obenem se je GSFS zavezal h kritju kapitalskih potreb kupca, ki izhajajo iz prenesenih dejavnosti, samo do minimalnega zneska, ki ga zahteva zakon.
The Recapitalisation Communication sets out further guidance on the level of remuneration required for State capital injections.
Poleg tega vključitev gospodarskih dejavnosti banke FB v večji subjekt ter spremljajoče uresničenje sinergij prek racionalizacije mreže podružnic banke FB, konsolidacije infrastrukture IT ter zmanjšanja stroškov financiranja pomagata omejevati stroške prestrukturiranja na najnižjo možno raven v primerjavi s scenarijem, ko bi država poskušala ponovno vzpostaviti samostojno uspešno poslovanje banke FB.
Finally, the Commission has explained in the Restructuring Communication how it will assess restructuring plans.
Lastniški kapital in podrejeni dolg nista bila prenesena na skupino, temveč sta ostala v banki FB, tj. v subjektu v likvidaciji.
In its assessment of the restructuring plan of the Bank under the Restructuring Communication, the Commission will take into account all the measures listed in Table 10.
Komisija zato meni, da je bila dosežena zadostna delitev bremen med delničarji, saj so slednji upravičeni do prihodkov iz likvidacije samo, če prihodki najprej zadoščajo za poplačilo GSFS, ki ima prednostno terjatev do drugih upnikov.
Compliance of measures FB1, FB2 and FB3 with the 2008 Banking Communication
Ukrepi za omejitev izkrivljanja konkurence
Measures FB1, FB2 and FB3 were granted under the Greek Banks Support Scheme.
V zvezi z ukrepi za omejitev izkrivljanja konkurence točka 30 sporočila o prestrukturiranja določa, da „[o]cena Komisije glede potrebe po takih ukrepih temelji na vrednosti in obsegu dejavnosti, ki bi jih zadevna banka opravljala po izvedbi kredibilnega načrta prestrukturiranja […].
Compliance of measures FB4 and FB5 with the 2008 Banking and Recapitalisation Communications
Skupna prejeta pomoč v obliki kapitala znaša 606,97 milijona EUR (ukrepi FB1, FB4 in FB5), poleg grških državnih vrednostnih papirjev v vrednosti 60 milijonov EUR (ukrep FB2) in državnih jamstev v višini 50 milijonov EUR (ukrep FB3).
Appropriateness
Glede trga, na katerem je delovala banka FB, Komisija ugotavlja, da je bila banka FB zelo majhna banka (z manj kot 0,5-odstotnim deležem skupnih sredstev grških bank in manj kot 1-odstotnim deležem za posojila in vloge v Grčiji), zato so bili tudi sredstva in obveznosti banke FB, ki so bili preneseni na skupino, majhni v primerjavi z velikostjo grškega bančnega sistema.
As regards the appropriateness of measures FB4 and FB5, the Commission considers that those measures are appropriate because they safeguarded the depositors of FB Bank and therefore safeguarded financial stability.
Poleg tega so bile dejavnosti banke FB ponujene konkurentom na javni dražbi.
Those activities would not have been able to continue without the aid from the HFSF, as FB Bank had a negative equity at the time of the resolution and in the then prevailing difficult market conditions no bank would have acquired a portfolio of assets and liabilities with negative value and which would have worsened its capital adequacy position.
Po prodaji banke FB je ta prenehala obstajati kot samostojni konkurent, saj so bile prenesene dejavnosti popolnoma vključene v skupino.
The measures thereby ensured that financial stability in Greece would be maintained.
Sklene se, da glede na majhnost prenesenih dejavnosti, odprt prodajni postopek in popolno vključitev dejavnosti banke FB v skupino kljub zelo velikemu znesku in neizplačevanju nadomestila ne prihaja do neupravičenega izkrivljanja konkurence.
On that basis, the Commission finds that the measures are appropriate as rescue aid.
Sklepna ugotovitev o skladnosti s sporočilom o prestrukturiranju
Necessity
Na podlagi te analize se sklene, da prodaja izbranih sredstev in obveznosti banke FB ter njihova vključitev v skupino zagotavljata ponovno vzpostavitev dolgoročno uspešnega izvajanja dejavnosti banke FB, da je pomoč omejena na najmanjšo potrebno raven ter da v skladu s sporočilom o prestrukturiranju ne prihaja do neupravičenega izkrivljanja konkurence.
According to the 2008 Banking Communication, the aid measure must, in its amount and form, be necessary to achieve the objective of the measure.
Sklepna ugotovitev o skladnosti pomoči v zvezi z banko FB z notranjim trgom
It implies that a capital injection must be of the minimum amount necessary to reach that objective.
Vsi ukrepi pomoči iz preglednice 10 so zato združljivi z notranjim trgom.
As the Bank of Greece stated in its letter of 8 May 2013, despite the small size of FB Bank, the withdrawal of its license without the application of resolution measures could have damaged depositors' confidence in the Greek banking system and thus an impact on financial stability.
OCENA POMOČI, POVEZANE Z BANKO PROBANK
Moreover, the Bank of Greece added that among the different resolution options, it favoured the resolution of FB Bank through the application of the Purchase & Assumption procedure in line with the MEFP of December 2012.
Komisija mora najprej oceniti, ali ukrepi pomenijo državno pomoč v smislu člena 107(1) Pogodbe.
It considered that that procedure offered an immediate and definite solution to the problems faced by FB Bank.
Obstoj pomoči pri ukrepih, dodeljenih za reševanje banke Probank (ukrepa PB1 in PB2)
The Commission considers that those financial stability elements support the necessity of measures FB4 and FB5.
GSFS je subjekt, ki ga je ustanovila in ga financira Grčija z namenom podpore bankam.
As regards the amount of the intervention, the Bank of Greece in its decision 10/1/10.5.2013 stated that a transfer order of selected assets and liabilities was the preferred solution as it minimised the resolution cost.
Ukrepa PB1 in PB2 zato vključujeta državna sredstva.
That decision was also in line with the MEFP of March 2012.
Ukrepa PB1 in PB2 sta obenem po naravi selektivna, saj koristita zgolj dejavnostim banke Probank.
Moreover, the Commission observes that the final amount of the funding gap was carefully assessed by the Greek authorities, which took into account the valuation report prepared by a statutory auditor.
Poleg tega ukrepa PB1 in PB2 zagotavljata bistvene prednosti dejavnostim banke Probank, saj jih ohranjata kot take.
The contribution exactly covered the difference between the fair value of the transferred assets and the value of the liabilities.
Nalog za prenos je v tem primeru „neprekinjena prodaja“, saj bodo najbolj produktivna bančna sredstva (podružnice, vloge, posojila) prenesena, lastniški kapital pa ne.
Moreover, the HFSF committed to cover the capital needs only up to 9 % of the transferred assets, as estimated by the Bank of Greece.
Ukrepa PB1 in PB2 nista skladna z memorandumom o gospodarskih in finančnih politikah.
The fact that only the Bank, among the two bidders, agreed to revise its offer supports the conclusion that the contribution was not excessive.
GSFS dejansko ne namerava ustvariti dobička iz svojega prispevka: v zameno za svoj prispevek ni prejel nobene terjatve zoper skupino, temveč zgolj terjatev zoper subjekt v postopku likvidacije, tj. banko Probank [122].
Furthermore, the equity of FB Bank was not transferred and was therefore left in the liquidated entity, that is to say FB Bank.
GSFS zato najverjetneje ne bo v celoti izterjal prispevanega denarja.
Therefore, the shareholders will suffer a full loss and the contribution of the HFSF is not inflated by the cost of rescuing them.
Selektivna prednost, ki jo zagotavljata ukrepa PB1 in PB2, izkrivlja konkurenco, saj ohranja eno bančno dejavnost in ji omogoča, da deluje na trgu ter tekmuje z drugimi bankami, ki so dejavne v Grčiji ali so morebiti zainteresirane za vstop na grški trg.
As regards the remuneration of the aid, as previously indicated in recital 195, the HFSF will most probably not fully recover the amount of money contributed [120].
Zato ukrepa PB1 in PB2 vplivata na trgovino med državami članicami in morda izkrivljata konkurenco.
It therefore clearly does not receive any remuneration and its contribution is similar to a grant.
Zato se sklene, da kritje likvidnostne vrzeli, ki je znašala 562,73 milijona EUR in je bila povezana s sredstvi, ki so bila prenesena z banke Probank na skupino, s strani GSFS ter zaveza GSFS za kritje kapitalskih potreb, povezanih s temi sredstvi, ki lahko znašajo [180 do 280] milijonov EUR, pomenita državno pomoč v smislu člena 107(1) Pogodbe.
As indicated in point 44 of the Recapitalisation Communication, an insufficiently remunerated recapitalisation can only be accepted in the case of distressed banks which cannot pay any remuneration.
Upravičenka do ukrepov PB1 in PB2
The Commission considers that is the case for FB Bank.
Dejavnosti banke Probank so upravičenke do ukrepov PB1 in PB2, saj sta omogočila nadaljevanje teh dejavnosti znotraj skupine.
The absence of remuneration triggers the need for in-depth restructuring, in line with the Recapitalisation Communication.
Pri vprašanju, ali prodaja dejavnosti banke Probank pomeni državno pomoč skupini v skladu s točko 49 sporočila o bančništvu iz leta 2008, mora Komisija oceniti, ali so izpolnjene nekatere zahteve.
In conclusion, measures FB4 and FB5 are necessary as rescue aid in both its amount and form to achieve the objectives of limiting the disturbance in the Greek banking system and economy as a whole.
Skupina je pridobila sredstva in obveznosti banke Probank, ker je predložila prednostno ponudbo v okviru nediskriminacijskega razpisnega postopka, ki je bil odprt za druge banke.
Proportionality
Banka Grčije se je odločila stopiti v stik samo s štirimi največjimi bankami, ki delujejo v Grčiji, pri čemer sta ponudbi predložili samo skupina in še ena druga banka.
The Commission notes that FB Bank no longer exists as it previously existed.
Skupina je bila preferenčni ponudnik v smislu cene in pričakovanih sinergij.
The fact that the aid rescues the activities transferred from could in theory create distortions of competition.
Banka Grčije je stopila v stik s samo štirimi bankami.
However, the Commission takes positive note of the small size of FB Bank and of the sale process in which competitors had the opportunity to bid for the selected assets and liabilities of FB Bank.
Omejeno število kontaktiranih kupcev ne more izključevati, da je bil razpis odprt, glede na to, da v Grčiji niso delovale druge banke, ki bi bile dovolj velike, da bi lahko absorbirale dejavnosti na razpisu, in ki bi v času reševanja imele ustrezen kapital.
Moreover, immediately after their transfer, the economic activities of FB Bank were fully integrated within the Bank and ceased to exist as a separate economic activity or competitor.
Do rešitve banke Probank tudi nobena tuja kreditna ali finančna institucija ni predložila veljavnega zavezujočega predloga za prevzem banke Probank kljub večkratnemu podaljšanju roka.
The Commission therefore concludes that the aid does not create undue distortions of competition.
Interes, ki so ga v času reševanja pokazale tuje kreditne in finančne institucije za vključitev v bančne dejavnosti v Grčiji, je bil zelo omejen.
Conclusion on the compliance of measures FB4 and FB5
Poleg tega je Banka Grčije vnaprej določila portfelj sredstev in obveznosti, ki jih je bilo potrebno prenesti, ter časovni načrt, ki so ga morale ponudbe upoštevati, da so lahko bile veljavne.
It is concluded that measures FB4 and FB5 are appropriate and necessary and, in light of the small size of FB Bank and its disappearance as a standalone competitor through its full integration into the Bank, are proportionate to the intended objective, in line with the 2008 Banking Communication and the Recapitalisation Communication.
Komisija zato ugotavlja, da je bil postopek prodaje odprt in nediskriminacijski.
Compliance of the aid measures with the Restructuring Communication
Negativna cena (tj. ob upoštevanju likvidnostne vrzeli in kritje prej navedenih kapitalskih potreb) za sredstva in obveznosti banke Probank ne izključuje možnosti, da prodajna cena izraža tržno vrednost podjetja [123].
As regards the remuneration of measure FB4, the Commission noted in recital 218 that the HFSF will probably not fully recover the EUR 456,97 million injected for the resolution of FB Bank (measure FB4).
Dejansko je pošteno vrednost sredstev ocenila Banka Grčije, preverili pa so jo zunanji revizorji.
The absence of remuneration triggers the need for in-depth restructuring, both in terms of viability measures and in terms of measures to limit distortions of competition.
Glede na navedeno se v skladu s točko 49 sporočila o bančništvu iz leta 2008, točko 20 sporočila o prestrukturiranju in prakso odločanja Komisije [124] sklene, da se lahko državna pomoč skupini izključi.
Long-term viability of FB Bank's activities through sale
Komisija na podlagi uvodnih izjav 236 do 240 meni, da ukrepa PB1 in PB2 izpolnjujeta pogoje iz člena 107(1) Pogodbe in pomenita državno pomoč.
Point 21 of the Restructuring Communication provides that where the credit institution in difficulty cannot credibly return to long term-viability, its orderly liquidation or its auctioning off should be considered.
Zato se sklene, da so dejavnosti banke Probank prejele državno pomoč v obliki kapitalske podpore v višini [742,7 do 842,7] milijona EUR (ukrepa PB1 in PB2), kot je povzeto v preglednici 11.
Member States may therefore encourage the exit of non-viable players while allowing for the exit process to take place within an appropriate time frame that preserves financial stability.
Preglednica 11
As stated in section 7.5.2, based on the Bank's restructuring plan, the Bank can be considered as a viable entity.
Pismo o zavezi za kritje kapitalskih potreb v zvezi s sredstvi, prenesenimi z banke Probank na skupino
Therefore, the fact that the activities of FB Bank have been transferred to the Bank allows their long-term viability to be restored.
[742,7 do 842,7]
Moreover, the fact that FB Bank's activities were fully integrated [121] within the Bank and ceased to operate as a stand-alone competitor constitutes in-depth restructuring as required by the insufficient remuneration of the State aid.
Skupna izplačana finančna pomoč
Own contribution and burden-sharing
Kot je pojasnjeno v uvodnih izjavah 206 in 207, bi bilo treba ukrepe pomoči grškim bankam zdaj oceniti na podlagi člena 107(3)(b) Pogodbe.
As explained in recital 216, the selected way of resolving FB Bank ensures the limitation of the restructuring costs to the minimum.
Kot je pojasnjeno v uvodni izjavi 208 in v skladu s točko 15 sporočila o bančništvu iz leta 2008, mora biti pomoč, da bi bila združljiva na podlagi člena 107(3)(b) Pogodbe, skladna s splošnimi merili združljivosti: primernostjo, nujnostjo in sorazmernostjo.
First, the funding gap was carefully assessed by the Greek authorities, taking into account a report by independent auditors.
Pri oceni načrta prestrukturiranja bo Komisija na podlagi sporočila o prestrukturiranju upoštevala vse ukrepe iz preglednice 11.