natgillin/translations-raw huggingface dataset:
The costs of deposits increased, reducing the net interest margin of the banks.
Stresni test iz leta 2013: kapitalske potrebe grških bank na konsolidirani podlagi v osnovnem scenariju (v milijonih EUR)
As Greek banks were shut down from wholesale funding markets, they became entirely dependent on Eurosystem financing [21], a growing portion of which was in the form of State-guaranteed ELA granted by the Bank of Greece.
Banka Grčije, Stresni test grškega bančnega sektorja iz leta 2013, marec 2014, str.
On 3 December 2012, Greece launched a buy-back programme on the new GGBs received by the investors in the framework of the PSI programme, at prices ranging from 30,2 % to 40,1 % of their nominal value [22].
42.
The Greek banks participated in that buy-back programme which crystallised further losses on their balance sheets, since most of the accounting loss (that is, the difference between market value and nominal value) booked on those new GGBs at the time of the PSI programme became definitive and irreversible [23].
Referenčni navadni lastniški temeljni kapital (junij 2013) (1)
In December 2012, the four largest Greek banks received a second bridge recapitalisation from the HFSF.
Rezervacije za izgube iz posojil (junij 2013) (2)
For the banks which managed to attract a pre-determined amount of private capital (the Bank, Alpha Bank and National Bank of Greece), the HFSF received non-voting shares and private investors were granted warrants on the shares of the HFSF.
Napovedi kreditne izgube za tuje tveganje [25] (4)
In July 2013, the Bank of Greece commissioned an advisor to carry out a diagnostic study on the loan portfolios of all Greek banks.
Interno ustvarjanje kapitala (5)
That advisor carried out credit loss projections (‘CLPs’) on all domestic loan books of the Greek banks as well as on loans carrying Greek risk in foreign branches and subsidiaries over a three-and-a-half-year and a loan-lifetime horizon.
Delež navadnega lastniškega temeljnega kapitala v stresnem testu (december 2016) (6)
The analysis provided CLPs under two macroeconomic scenarios, a baseline scenario and an adverse scenario.
Kapitalske potrebe (7) = (6) – (1) – (2) – (3) – (4) – (5)
The CLPs for foreign loan portfolios were estimated by the Bank of Greece using some input from the advisor.
Banka Grčije je 6. marca 2014 objavila rezultate stresnega testa iz leta 2013 in banke pozvala, naj do sredine aprila 2014 predložijo svoje načrte za zbiranje kapitala za kritje kapitalskih potreb na podlagi osnovnega scenarija.
Based on the advisor’s assessment of the CLPs, in autumn 2013 the Bank of Greece launched a new stress test exercise (‘the stress test of 2013’) to assess the robustness of the Greek banks’ capital position under both a baseline and an adverse scenario.
Banke so od konca marca 2014 do začetka maja 2014 izvedle povečanje kapitala.
The Bank of Greece conducted the capital needs assessment with the technical support of a second advisor.
Upravičenec
The key components of the capital needs assessment under the stress test of 2013 were (i) the CLPs [24] on banks’ loan portfolios on a consolidated basis for Greek risk and foreign risk, net of existing loan reserves, and (ii) the estimated operating profitability of banks for the period from June 2013 to December 2016, based on a conservative adjustment of the restructuring plans which had been submitted to the Bank of Greece during the fourth quarter of 2013.
Banka Piraeus zagotavlja univerzalne bančne storitve, predvsem v Grčiji, srednji, vzhodni in jugovzhodni Evropi (Romunija, Bolgarija, Srbija, Albanija, Ukrajina in Ciper) ter Egiptu.
Table 4 summarises the calculation of capital needs for the main Greek banks on a consolidated basis under the baseline scenario for that stress test of 2013.
Ponuja vse bančne in finančne produkte ter storitve za gospodinjstva in podjetja.
Table 4
Dejavna je na področjih bančnega poslovanja za prebivalstvo, bančnega poslovanja za podjetja in zasebnega bančništva, upravljanja premoženja, zakladništva in investicijskega bančništva.
Stress test of 2013: Capital needs of the Greek banks on a consolidated basis in the baseline scenario (EUR million)
Banka Piraeus je registrirana v Grčiji, njene delnice pa kotirajo na atenski borzi.
Bank of Greece, 2013 Stress Test of the Greek Banking Sector, March 2014, p.
Na dan 30. decembra 2012 je imela skupaj 18597 zaposlenih [28].
42.
Banka Piraeus je v času programa odkupa iz decembra 2012 prodala nove GDO, ki jih je prejela v okviru PSI, po močno diskontirani nominalni vrednosti.
Reference Core Tier 1 (June 2013) (1)
Navedena prodaja je pokazala njene izgube pri novih GDO.
Loan Loss reserves (June 2013) (2)
Ključni podatki za banko Piraeus iz decembra 2010, decembra 2011, decembra 2012 in decembra 2013 (konsolidirani podatki) so prikazani v preglednici 5.
CLPs for Greek risk (3)
Preglednica 5
CLPs for foreign risk [25] (4)
Ključni podatki za banko Piraeus za leta 2010, 2011, 2012 in 2013
Internal Capital Generation (5)
Letni poročili za leti 2011 in 2012, računovodski izkazi za leto 2013.
On 6 March 2014, the Bank of Greece announced the results of the stress test of 2013 and requested the banks to submit, by mid-April 2014, their capital raising plans to cover the capital needs under the baseline scenario.
Čisti prihodki iz obresti
Between late March 2014 and early May 2014, the banks proceeded with capital increases.
Skupni prihodki iz poslovanja
The beneficiary
Skupni odhodki iz poslovanja
The Bank provides universal banking services mainly in Greece and in Central, Eastern and South-Eastern Europe (Romania, Bulgaria, Serbia, Albania, Ukraine and Cyprus) as well as in Egypt.
Prihodki pred rezervacijami
It offers a full range of banking and financial products and services to households and businesses.
Izgube zaradi oslabitev za kritje kreditnega tveganja
It is active in retail, corporate and private banking, asset management, treasury and investment banking.
Izgube zaradi oslabitev pri GDO in posojilih, upravičenih do PSI
The Bank is incorporated in Greece and its shares are listed on the Athens Stock Exchange.
Slabo ime
On 30 December 2012, the Bank employed a total of 18597 people [28].
Čisti dobiček/izguba
During the buy-back programme of December 2012, the Bank sold the new GGBs it had received in the framework of the PSI at a deep discount to nominal value.
31. december 2011
That sale crystallised its losses on the new GGBs.
31. december 2012 [31]
The key figures of the Bank in December 2010, December 2011, December 2012 and December 2013 (consolidated data) are presented in Table 5.
31. december 2013 [32]
Table 5
Neto posojila in predplačila strankam skupaj
Piraeus Bank key figures, 2010, 2011, 2012 and 2013
(neto)
Annual reports 2011, 2012, financial statements 2013
Vloge
(EUR million)
Lastniški kapital skupaj [30]
2012 [30]
Navedeni položaj se je nekoliko izboljšal, ko je banka Piraeus julija 2012 začela s prevzemi.
2013 [31]
Banka Grčije je na podlagi stresnega testa iz leta 2013 kapitalske potrebe banke Piraeus ocenila na 465 milijonov EUR v osnovnem scenariju.
Net Interest Income
Banka Piraeus je marca 2014 izvedla povečanje kapitala v višini 1752 milijonov EUR, da bi pokrila kapitalske potrebe, navedene v uvodni izjavi 50, in odplačala 940 milijonov EUR v prednostnih delnicah, ki jih je imela Grčija [34].
Total Operating Income
V nasprotju s povečanjem kapitala banke Eurobank aprila 2014 GSFS banki Piraeus ni izdal zaveze, da bo vložil kapital v okviru povečanja kapitala v primeru nezadostnega zasebnega povpraševanja.
Total Operating Expenses
Povečanje njenega kapitala je bilo doseženo s ponudbo kapitala brez predkupne pravice (tj. povečanje kapitala z odpovedjo predkupne pravice delničarjev) za mednarodne vlagatelje in z javno ponudbo v Grčiji.
Pre Provision Income
Vpisna cena je bila določena na 1,7 EUR na delnico.
Impairment Losses to cover credit risk
Po povečanju kapitala je banka Piraeus 22. maja 2014 sporočila, da je odkupila prednostne delnice Grčije v skupnem znesku 750 milijonov EUR [35].
Impairment losses on GGBs and loans eligible to PSI
PREVZEMI GRŠKIH BANČNIH DEJAVNOSTI S STRANI BANKE PIRAEUS
Negative goodwill
Prevzem banke ATE
Net Profit/Loss
Banko ATE je leta 1929 ustanovila Grčija kot nepridobitno organizacijo.
31 December 2010
Decembra 2000 je bila uvrščena na atensko borzo.
31 December 2011
14. novembra 2011 je bila Grčija glavni delničar banke ATE z 89,9-odstotnim deležem.
31 December 2012 [31]
Banka ATE je opravljala vse bančne dejavnosti, za prebivalstvo in podjetja, zagotavljala finančne storitve, kot so zavarovalne dejavnosti in dajanje v najem, ter pridobila velike deleže v družbah, ki delujejo v nefinančnih sektorjih, vključno z industrijo proizvodnje sladkorja in mleka.
31 December 2013 [32]
Julija 2012 je banka ATE svoje storitve ponujala prek svoje mreže 468 podružnic in zaposlovala 5024 oseb.
Total net Loans and Advances to Customers
Julija 2012 so njene skupne vloge znašale 14,9 milijarde EUR v skupnih sredstvih v višini 21,8 milijarde EUR [36].
(Net)
Banka ATE je od leta 2006 svoje storitve ponujala tudi zunaj Grčije s 74-odstotnim deležem v ATE Bank Romania ter 20,3-odstotnim deležem navadnega delniškega kapitala in 25 % prednostnih delnic v AIKBanka Serbia.
Deposits
Težave banke ATE so se pojavile pred grško dolžniško krizo, predvsem zaradi slabe kakovosti sredstev in tradicionalno nizke donosnosti pred oslabitvijo.
Total Assets
Poleg tega je grška dolžniška kriza prizadela vse grške banke, vključno z banko ATE, na dva načina: (i) izguba dostopa Grčije do mednarodnih trgov dolžniških vrednostnih papirjev je hudo prizadela likvidnostni položaj grških bank ter (ii) poslabšala se je kakovost sredstev in povečale so se oslabitve.
Total equity [30]
Grčija je aprila 2011 dokapitalizirala banko ATE s 1445 milijoni EUR (ki so vključevali 675 milijonov EUR, prvotno odobrenih na podlagi grškega ukrepa dokapitalizacije).
Table 5 illustrates that, apart from the huge losses it booked in 2011 due to the PSI programme (EUR 5911 million [33]), the Bank suffered from declining income (due, among other reasons, to the higher costs of deposits) and from high and rising impairment losses on its loan portfolios in Greece and abroad until mid-2012.
Kljub temu se je kapitalski položaj banke ATE v drugi polovici leta 2011 poslabšal predvsem zaradi njenega sodelovanja v programu PSI.
The liquidity position of the Bank was badly hit by deposit outflows.
Grčija je 22. marca 2012 predložila poročilo Banke Grčije, v katerem je bilo predlagano reševanje banke ATE s postopkom nakupa in prevzema v zvezi s prenesenimi dejavnostmi banke ATE, medtem ko bi se preostala sredstva in obveznosti reševali prek slabe banke.
That situation somewhat improved after the Bank started to make acquisitions in July 2012.
Banka Piraeus in druga velika grška banka sta GSFS predložili nezavezujoči ponudbi.
Under the stress test of 2013, the Bank of Greece estimated the capital needs of the Bank at EUR 465 million for the baseline scenario.
Upravni odbor GSFS je 26. julija 2012 odobril ponudbo banke Piraeus.
In March 2014, the Bank proceeded with a capital increase of EUR 1752 million to cover the capital needs mentioned in recital 50 and to repay the EUR 940 million in preference shares held by Greece [34].
Banka Grčije je 27. julija 2012 izvedla prenos prenesenih dejavnosti banke ATE na banko Piraeus [37].
In contrast to Eurobank’s capital increase of April 2014, the HFSF did not give the Bank a commitment to inject capital in the framework of the capital increase in the event of insufficient private demand.
Ker so prenesene dejavnosti banke ATE vsebovale manj sredstev po pošteni vrednosti kot obveznosti, je moral GSFS v skladu s sklepom Banke Grčije z dne 28. januarja 2013 nadomestiti razliko med prenesenimi sredstvi in prenesenimi obveznostmi, tj. likvidnostno vrzel.
The Bank’s capital increase was achieved through a non-pre-emptive equity offering (that is to say a capital increase with cancellation of shareholders’ pre-emption rights) to international investors and through a public offering in Greece.
Banka Grčije je na podlagi revidiranih podatkov ugotovila, da bo likvidnostna vrzel 7471 milijonov EUR, in GSFS je banki Piraeus odobril obveznice evropskega instrumenta za finančno stabilnost (v nadaljnjem besedilu: obveznice EFSF), vredne 7471 milijonov EUR.
The subscription price was set at EUR 1,70 per share.
Poleg tega se je GSFS zavezal, da bo banki Piraeus zagotovil kapital za kapitalizacijo prenesenih dejavnosti banke ATE v višini do 9 %.
Following the capital increase, the Bank announced on 22 May 2014 that it had redeemed the preference shares to Greece, for a total amount of EUR 750 million [35].
Banka Piraeus je prenesene dejavnosti banke ATE prevzela za nakupno ceno 95 milijonov EUR.
THE BANK’S ACQUISITIONS OF GREEK BANKING ACTIVITIES
Prevzem banke Geniki
Acquisition of ATE
Družba Société Générale je leta 2004 pridobila večino delnic banke Geniki.
In December 2000, the company was listed on the Athens Stock Exchange.
Družba Société Générale se je junija 2012 v poskusu, da bi prodala banko Geniki, obrnila na vse štiri velike grške banke.
ATE operated in all banking activities, both retail and corporate, provided financial services such as insurance activities and leasing activities and acquired major participations in companies operating in non-financial sectors, including sugar production industry and dairy production industry.
Pogajanja med družbo Société Générale in banko Piraeus za prodajo banke Geniki so 19. oktobra 2012 privedla do uradnega dogovora, na podlagi katerega: (i) bo družba Société Générale prodala in banka Piraeus kupila 99,08-odstotni delež družbe Société Générale v banki Geniki ter (ii) družba Société Générale odstopila in prenesla ter banka Piraeus prevzela 100 % predplačil delniškega kapitala za banko Geniki, ki jih je Société Générale dodelila in jih bo dodelila v prihodnosti.
In July 2012, ATE offered its services through its network of 468 branches and employed 5024 people.
Banka Piraeus je 14. decembra 2012 sporočila, da je prevzem deleža družbe Société Générale v banki Geniki končan.
In July 2012, its total deposits amounted to EUR 14,9 billion for total assets of EUR 21,8 billion [36].
Prevzem grških poslov treh ciprskih bank
Since 2006, ATE has also offered its services outside Greece with a 74 % stake in ATE Bank Romania and a stake of 20,3 % of the common share capital and 25 % of the preference shares in AIKBanka Serbia.
Bank of Cyprus, Cyprus Popular Bank in Hellenic Bank so bile ustanovljene leta 1899, leta 1901 oziroma leta 1976.
The difficulties of ATE arose before the Greek sovereign crisis mainly as a result of poor asset quality and of traditionally low pre-impairment profitability.
Po izrednem sestanku Euroskupine 15. marca 2013 so Evropska unija, MDS in ECB dosegli dogovor o glavnih parametrih načrta za reševanje za Ciper.
Furthermore, the Greece sovereign crisis affected all Greek banks, including ATE, in two ways: (i) the loss of access of Greece to international debt markets severely affected the liquidity position of Greek banks and (ii) asset quality deteriorated and increased impairments.
Grški odbor za sistemsko stabilnost (v nadaljnjem besedilu: GOSS) je soglasno predlagal prenos grških sredstev in obveznosti podružnic treh ciprskih bank v Grčiji na obstoječo grško banko.
In April 2011 Greece injected EUR 1445 million into ATE (including EUR 675 million originally granted under the Greek recapitalisation measure).
Zlasti je navedel, da „so […] [40] z dogovorom v celoti zaščiteni imetniki vlog v grških podružnicah [treh ciprskih bank], grški javni interes in finančna stabilnost ter da dogovor ne pomeni bremena za grški javni dolg“.
Nevertheless, in the second half of 2011, the capital situation of ATE deteriorated mainly due to its participation in the PSI programme.
V preglednici 6 so povzeta sredstva in obveznosti treh ciprskih bank, ki so bili nazadnje preneseni na banko Piraeus (v nadaljnjem besedilu: ciprske prenesene dejavnosti).
As illustrated in Table 2, its total PSI-related charge amounted to around EUR 4329 million before tax and was entirely booked in its 2011 accounts.
Preglednica 6
On 22 March 2012, Greece submitted a report by the Bank of Greece proposing the resolution of ATE via a Purchase & Assumption procedure in respect of the ATE Transferred Activities, while the remaining assets and liabilities would be resolved via a bad bank.
Pismo o nameri, Izločitev in prodaja grških sredstev ciprskih bank, 10. april 2013.
On 26 July 2012, the Board of Directors of the HFSF approved the Bank’s bid.
Sredstva
On 27 July 2012, the Bank of Greece proceeded with the transfer of the ATE Transferred Activities to the Bank [37].
Vsa grška posojila, vključno z najemom in faktoringom
The Bank of Greece concluded, based on audited figures, that the funding gap would be EUR 7471 million and the HFSF granted the Bank European Financial Stability Facility bonds (‘EFSF bonds’) worth EUR 7471 million.
Osnovna sredstva (razen odloženih terjatev za davek)
Furthermore, the HFSF committed to provide capital to the Bank, in order for the ATE Transferred Activities to be capitalised up to 9 %.
Obveznosti
That amount was initially estimated at EUR 500 million, but the final amount was determined at EUR 570 million.
Vse vloge treh ciprskih bank, zbrane v Grčiji
Acquisition of Geniki
GSFS je junija 2013 v okviru dokapitalizacije iz pomladi 2013 [42] v banko Piraeus vložil kapital v višini 524 milijonov EUR za kritje nakupne cene, ki jo je plačala banka Piraeus.
Geniki was established in 1937.
Prevzem banke MBG
Geniki provided financial services in the sectors of retail banking, corporate banking and capital market services.
Banka Piraeus je 22. aprila 2013 podpisala dokončni dogovor z banko BCP v zvezi s prevzemom celotnega delniškega kapitala banke MBG in udeležbo banke BCP v prihodnjem povečanju kapitala banke Piraeus.
In 2004 Société Générale acquired the majority of Geniki’s shares.
V skladu z navedenim dogovorom bi banka BCP prispevala 400 milijonov EUR k regulatorni dokapitalizaciji banke MBG (od katerih je banka BCP 139 milijonov EUR prispevala že decembra 2012) s pretvorbo podrejenih in prednostnih posojil banke BCP v lastniški kapital banke MBG.
Geniki operated 104 branches and employed 1391 employees as at 31 December 2012 [38].
Poleg tega bi banka MBG vse financiranje, ki ji ga je v preteklosti zagotovila banka BCP, vrnila v dveh obrokih: 650 milijonov EUR bi plačala na datum sklenitve posla, znesek v višini približno 250 milijonov EUR pa bi plačala v šestih mesecih od sklenitve posla.
Total assets amounted to EUR 2,6 billion, total net loans to EUR 1,9 billion and deposits to around EUR 2 billion [39].
Nazadnje, banka BCP bi prispevala 400 milijonov EUR k dokapitalizaciji banke Piraeus na podlagi zasebnega plasiranja z izključitvijo predkupnih pravic.
The Greek sovereign crisis had a very negative impact on the banking sector performance.
Banka Piraeus bi nato v celoti dokapitalizirano banko MBG prevzela za 1 milijon EUR.
Furthermore, the participation of the Greek banks in the PSI programme led to a rapid deterioration of their capital situation.
Banka Piraeus je 19. junija 2013 sporočila, da je prevzem banke MBG končan.
As illustrated in Table 2, Geniki’s total PSI-related charge amounted to around EUR 292 million before tax and was entirely booked in its 2011 accounts.
Pregled skupnega učinka prevzemov
As illustrated in Table 3, the amount of the capital needs of Geniki were estimated at EUR 281 million and were calculated on the basis of a stress test performed by the Bank of Greece.
Preglednica 7 vsebuje pregled učinka zaporednih prevzemov na velikost in obliko banke Piraeus v Grčiji (nobeden od prevzetih subjektov ni vključeval tuje aktive, razen prenesenih dejavnosti banke ATE, ki so vključevale majhna romunska sredstva).
In June 2012, Société Générale approached all four of the large Greek banks, in an attempt to sell Geniki.
Zaradi teh prevzemov ima banka Piraeus zdaj največji tržni delež na grškem trgu vlog in posojil.
The Bank was the only one interested in acquiring Geniki.
Preglednica 7
The negotiations between Société Générale and the Bank for the sale of Geniki led to an official agreement on 19 October 2012 that: (i) Société Générale would sell and the Bank would purchase the 99,08 % stake that Société Générale holds in Geniki, and that (ii) Société Générale would assign and transfer and the Bank would acquire 100 % of Geniki’s share capital advances that Société Générale has concluded and will conclude in the future.
Učinek zaporednih prevzemov na velikost banke Piraeus v Grčiji
Société Générale ultimately agreed to make an advance payment of approximately EUR 290 million to Geniki and to subscribe a bond issued by the Bank for an amount of approximately EUR 170 million.
Podatki, ki jih je 10. junija 2014 predložila banka Piraeus.
The Bank then acquired Geniki for EUR 1 million.
Samo Grčija
On 14 December 2012, the Bank announced that the acquisition of Société Générale’s stake in Geniki was completed.
Stanje same banke Piraeus
Acquisition of the Greek operations of the three Cypriot Banks
Ciprske banke
The Bank of Cyprus, the Cyprus Popular Bank and the Hellenic Bank were founded in 1899, 1901 and 1976 respectively.
NOVA SKUPINA
Following the extraordinary Eurogroup meeting on 15 March 2013, an agreement was reached on the main parameters of a bailout plan for Cyprus by the European Union, the IMF and the ECB.
Bruto posojila
Table 6 summarises the assets and liabilities of the three Cypriot Banks which were ultimately transferred to the Bank (‘Cypriot Transferred Activities’).
UKREPI POMOČI
Table 6
Ukrepi pomoči, odobreni banki Piraeus na podlagi programa pomoči grškim bankam (ukrepa L1 in A)
Transferred Activities
Banka Piraeus je prejela in še prejema pomoč na podlagi ukrepa jamstva in ukrepa državnih obligacijskih posojil.
Assets
Navedena pomoč bo v tem sklepu opisana kot „ukrep L1“.
Shipping loans and other loans originated from and managed in Greece and booked in the Cypriot loan book
Grški organi so v načrtu prestrukturiranja banke Piraeus, ki so ga Komisiji predložili 25. junija 2014, zaprosili za dovoljenje za nadaljnje izdajanje jamstev in posojanje državnih obveznic banki Piraeus na podlagi programa pomoči grškim bankam v obdobju prestrukturiranja, če bi nastala potreba po taki likvidnostni podpori, čeprav ni pričakovati, da se bo to zgodilo.
Fixed assets (excluding deferred tax assets)
Državna dokapitalizacija, odobrena na podlagi ukrepa dokapitalizacije (ukrep A)
Liabilities
Banka Piraeus je maja 2009 in decembra 2011 od Grčije na podlagi ukrepa dokapitalizacije iz programa pomoči grškim bankam prejela kapitalska vložka v višini 370 milijonov EUR oziroma 380 milijonov EUR, kar skupaj znaša 750 milijonov EUR (ukrep A) in ustreza približno 2,1 % tveganju prilagojene aktive (v nadaljnjem besedilu: RWA) [45] banke Piraeus v tistem času.
All the deposits of the three Cypriot Banks collected in Greece
Dokapitalizacija je bila izvedena v obliki prednostnih delnic, ki jih je vpisala Grčija, s kuponom z nominalno obrestno mero 10 % in petletno ročnostjo.
The assets transferred to the Bank amounted to approximately EUR 18,9 billion and the liabilities amounted to approximately EUR 15 billion.
Banka Piraeus je prednostne delnice odkupila 22. maja 2014, kot je opisano v uvodni izjavi 52.
However, the parties to the transaction agreed to take into account the amount of losses that was forecast in the PIMCO report for the banks in Cyprus, under an adverse scenario [41].
ELA z državnim jamstvom (ukrep L2)
According to the PIMCO report, the value of the assets that would be transferred to the Bank amounted to approximately EUR 16,5 billion.
ELA je izreden ukrep, ki solventni finančni instituciji, ki se srečuje z začasnimi likvidnostnimi težavami, omogoči prejemanje financiranja iz Eurosistema, ne da bi taka operacija bila del enotne monetarne politike.
The liabilities transferred amounted to approximately EUR 14,5 billion.
Obrestna mera, ki jo finančna institucija plača za ELA, je za […] bazičnih točk višja od obresti, ki jih plačuje za redno refinanciranje centralne banke.