natgillin/translations-raw huggingface dataset:
By Commission decision of 19 September 2012, State aid SA.31883 (2011/C) which Austria granted to Österreichische Volksbanken AG (ÖVAG) was found to be compatible with the internal market.
Ta znesek zajema vse dejavnosti, ki so bile osrednjemu segmentu dodeljene v sklepu iz leta 2012, razen treh manjših hčerinskih družb – VB Factoring, VB Mobilienleasing in VB Investments, ki bodo ostale v družbi ÖVAG in predstavljajo manj kot 10 % skupnega zneska.
Owing to the renewed need for restructuring of the Volksbanken sector, the present list of commitments has been drawn up taking into account the earlier set of commitments and the underlying restructuring and liquidation plan of ÖVAG (“the restructuring plan”).
Preostala sredstva v višini 7,4 milijarde EUR se bodo likvidirala do 31. decembra 2017.
The provisions of the earlier set of commitments annexed to the Commission decision of 19 September 2012 thereby cease to have effect.
Vključujejo vse dejavnosti, dodeljene stranskemu segmentu v sklepu iz leta 2012, in deleže v hčerinskih družbah VB Factoring, VB Mobilienleasing in VB Investments iz uvodne izjave 37.
The modified restructuring plan makes no provision for additional State support measures for ÖVAG.
Vsa sredstva, ki so vzrok za terjatev na podlagi jamstva, je treba registrirati do 31. decembra 2015, vsota teh terjatev pa se bo poravnala do 31. julija 2016.
The reduction in ÖVAG's share capital including the Republic of Austria's share in the amount of 43,3 % (corresponding to approximately EUR 250 million) and the simultaneous reduction in the Republic of Austria's participation capital in the amount of EUR 300 million by 96,65 % do not constitute new aid within the meaning of Article 1(c) of Council Regulation (EC) No 659/1999 [1].The Republic of Austria hereby provides the following commitments concerning Österreichische Volksbanken-Aktiengesellschaft (“ÖVAG”) and the Volksbanken-Verbund, represented by Volksbank Wien-Baden AG (“VBWB”) in its capacity as the new central organisation of the Verbund, in order that the European Commission, by decision under Article 107(3)(b) of the Treaty on the Functioning of the European Union (“TFEU”), may find the aid granted to ÖVAG compatible with the internal market.
Na podlagi dogovora o spremenjenem jamstvu datum za registriranje terjatev na podlagi jamstva ostaja 31. december 2015.
This text should be interpreted within the general framework of EU law and with reference to Regulation (EC) No 659/1999, as well as with regard to the decision, to which the commitments are attached as commitments and/or conditions and obligations.
Vendar se lahko poravnava vsote teh terjatev zahteva kadar koli med 31. decembrom 2015 in koncem obdobja likvidacije leta 2017.
General
Hkrati se bo prag kapitala, pod katerim se lahko poravnava zahteva, zmanjšal z manj kot 10-odstotnega deleža navadnega lastniškega kapitala na kapital, manjši od nič, tj. terjatve na podlagi jamstva se lahko poravnajo le, če bi družba ÖVAG/Immigon drugače med postopkom likvidacije postala plačilno nesposobna.
The Republic of Austria undertakes to ensure that the restructuring for ÖVAG submitted end of June 2015 is correctly and fully implemented.
Posel je bil sklenjen 7. aprila 2015.
The Republic of Austria undertakes to ensure that the commitments listed below (“the commitments”) are fully observed during the implementation of the restructuring plan.
Družba ÖVAG je z navedenim poslom izpolnila tudi enega od pogojev iz načrta prestrukturiranja iz leta 2012.
The restructuring phase will end on the date of the general meeting of VBWB which decides on the annual accounts for the fiscal year 2019, but at the latest on 30 June 2020.
Zadevne združitve se bodo izvedle do konca leta 2017.
The following commitments will apply during the restructuring phase unless otherwise provided.
Družba start:bausparkasse, ki združuje stanovanjske zadruge (Bausparkassen) skupine Volksbanken-Verbund, se bo verjetno prodala.
Restructuring and liquidation plan
V osnovnem scenariju je predvidena zmerna gospodarska rast na osnovnem trgu, Avstriji, ki nominalno znaša 0,8 % leta 2015, 1,5 % leta 2016 in 1,7 % v naslednjih letih do leta 2019, letno stopnjo inflacije med 1,1 % in 2,2 % ter trimesečno obrestno mero Euribor, ki bo z 0,1 % leta 2015 zrasla na 1,9 % leta 2019.
ÖVAG's share capital of EUR 577328623,46 (including the Republic of Austria's share in the amount of 43,3 %) will be reduced to EUR 19335951,23.
Skupina Volksbanken-Verbund na podlagi teh predpostavk napoveduje izgube za leto 2015 in [8–9]-odstotni kapitalski donos leta 2019.
The State's participation capital in the amount of EUR 300 million will be reduced in the same proportion by 96,65 %.
Delež navadnega lastniškega kapitala naj bi se z [9–11] % leta 2015 povečal na [11–13] % leta 2019.
The central organisation and central institution function of ÖVAG will be transferred retroactively with effect from 31 December 2014 by it as transferor company to VBWB as transferee company subject to the continued existence of the transferor company, in exchange for the issue of shares.
Gibanja nadaljnjih ključnih številk so razvidna iz naslednjih preglednic izračunov izgub in dobička ter bilanc.
With effect from 4 July 2015, ÖVAG will with the agreement of the competent supervisory authority (ECB) withdraw from the Verbund, after supervisory approval operate henceforth as a wind-down entity in accordance with Section 162 of the Federal Act on the Recovery and Resolution of Banks (Bundesgesetz über die Sanierung und Abwicklung von Banken — BaSAG) and as such will no longer hold a banking licence in accordance with Section 1 of the Banking Act (Bankwesengesetz, BWG).
Skupina Volksbanken-Verbund na podlagi navedenih predpostavk napoveduje, da bo kapitalski donos v letih 2015 in 2016 ostal negativen in se nato do leta 2019 dvignil na [5–8] %, delež navadnega lastniškega kapitala pa se bo z [8–10] % leta 2015 dvignil na [10–12] % leta 2019.
The name of the wind-down entity will be changed to “immigon portfolioabbau ag”.
Enotni mehanizem nadzora je določil, da mora biti od 26. julija 2015 dosežena previdnostna kapitalska zahteva v višini 14,63 %.
Drawing on the federal Republic as provider of an asset guarantee to the amount of EUR 100 million in line with the agreement on an asset guarantee from 15 March 2013 as amended by the draft agreement from 25 June 2015 (“the guarantee amendment agreement”) is allowed at any time between 31 December 2015 up to and including the day of the approval of the annual accounts of ÖVAG for the financial year 2017.
Enotni mehanizem nadzora bo na navedeni datum preveril previdnostno kapitalsko zahtevo ob upoštevanju izvajanja načrta zbiranja kapitala.
Reference date for the evaluation of guaranteed claims in the pool according to Annex 1 to the guarantee agreement from 15 March 2013 as amended by the guarantee amendment agreement is 31 December 2015.
Skupina Volksbanken-Verbund je torej upravičenka do obstoječe državne pomoči.
No further claims from the guarantee will be accepted after that date.
Navedena ocena je v celoti vprašanje nacionalne zakonodaje, zato Komisija sprejema stališče Avstrije, v skladu s katerim nadaljnji obstoj družbe ÖVAG v obliki likvidiranega subjekta v skladu s členom 162 zakona BaSAG ne vpliva na nadaljnjo veljavnost jamstva.
The aim of the liquidation plan of ÖVAG is to fully liquidate all assets by 31 December 2017.
Navedene poslovne dejavnosti že obsegajo večji del portfelja, so donosne in se v sklepu iz leta 2012 niso štele za problematične.
It also follows from ÖVAG's liquidation plan that a positive residual value will remain.
V osnovnem scenariju se obrestovana sredstva na navedenih področjih povečujejo za približno [5–7] % do leta 2019, torej za manj kot polovico predvidene realne gospodarske rasti v višini približno 15 % v tem istem obdobju [21].
As partial compensation for the reduction in the share capital held by the Republic of Austria in ÖVAG, the Verbund and Volksbanken Holding eGen will assign their claims to the liquidation proceeds of ÖVAG to the Republic.
Z načrtom v skladu z osnovnim scenarijem bosta negativni kapitalski donos skupine Volksbanken-Verbund po obdavčitvi in navadni lastniški kapital v višini [9–11] % leta 2015 zrasla na kapitalski donos po obdavčitvi v višini [8–9] % z deležem navadnega lastniškega kapitala [11–13] % leta 2019.
Moreover, the Verbund has given a best endeavour commitment to the effect that other shareholders in ÖVAG will also assign their claims to the Republic of Austria.
Ob upoštevanju zmernega profila tveganja poslovnega modela skupine Volksbanken-Verbund se lahko načrtovani kapitalski donos po obdavčitvi oceni za ustrezno nadomestilo za kapital.
Sale of ÖVAG holdings
Zaradi kapitalskega primanjkljaja, opredeljenega v celoviti oceni nadzornega organa leta 2014, se je za skupino Volksbanken-Verbund določil cilj, da do 26. julija 2015 doseže 14,63-odstotni delež navadnega lastniškega kapitala.
In implementation of the provided draft of the restructuring agreement with the Republic of Austria from 23 June 2015 (“the restructuring agreement”), ÖVAG will sell off all shares in RZB completely (“signing”) by 31 December 2017.
Tak kapitalski delež se s trenutnim finančnim načrtovanjem ne bo dosegel.
Measures by RZB
Če se prag ne bi spoštoval, Avstrija prejme pravico do deleža, ki ga drži kot zavarovanje, to pa po prejemu celotnega zneska v višini 300 milijonov EUR preide nazaj v lastništvo skupine Volksbanken-Verbund.
Austria undertakes that the measures planned by Raiffeisen Zentralbank Österreich AG (RZB) to reduce ÖVAG's equity capital as laid down in the restructuring agreement of 26 April 2012 with a current residual amount of EUR [0-20] million will be implemented by […].
zmanjšanje bilančne vsote in tveganju prilagojene aktive, (ii) omejitev dejavnosti družbe ÖVAG kot osrednje organizacije skupine Volksbanken-Verbund na „posle s povezanimi družbami“, (iii) prepoved prevzemov, (iv) prepoved določanja cen, kar velja za spletno bančno hčerinsko družbo družbe ÖVAG, Live Bank, (v) prepoved navajanja državne pomoči za namene oglaševanja in (vi) ukrepe v zvezi z ravnanjem, ki so se nanašali na sistem povračil in sistem obvladovanja tveganja.
Future profit distribution by the Verbund
Faza prestrukturiranja se bo končala na datum skupščine delničarjev banke VBWB, ki bo odločala o letnih računovodskih izkazih za poslovno leto 2019, vendar najpozneje do 30. junija 2020.
Profit distributions by entities consolidated in the credit institution association (Kreditinstituteverbund) of the Volksbanken in agreement with Section 30a(1) BWG, as amended, to third (natural or legal) persons will in principle be admissible only if the conditions set out in points 5.2 to 5.6 of this agreement are fulfilled.
Med fazo prestrukturiranja veljajo naslednje zaveze, razen če ni določeno drugače.
The exercise of the Republic of Austria's profit participation right will take place in agreement with the restructuring agreement;
Referenčni datum za vrednotenje zajamčenih terjatev v skupini v skladu s Prilogo 1 k sporazumu o jamstvu s 15. marca 2013, kakor je bil spremenjen s sporazumom o spremembi jamstva, je 31. december 2015.
in particular, non-observance of the thresholds laid down therein will entitle the Republic of Austria to dispose of the shares in VBWB transferred to it pursuant to the restructuring agreement.
Po navedenem datumu ne bodo sprejete nobene dodatne terjatve iz jamstva.
The exercise of the Republic of Austria's profit participation right in accordance with the restructuring agreement will take place preferentially in at least the amount of the distribution.
Namen načrta likvidacije za družbo ÖVAG je popolna likvidacija vseh sredstev do 31. decembra 2017.
The total amount of all distributions will be limited to EUR [5-8] million p.a.
Iz načrta likvidacije za družbo ÖVAG je tudi še naprej razvidna pozitivna preostala vrednost.
Profit distributions on own-fund items designated after 29 June 2015 to strengthen and aid the recovery of the Verbund will not give rise to any compensation payment to the Republic of Austria.
Pooblastila za odločanje na področjih, zajetih v sporazumu o sodelovanju, so prenesena na shemo Volksbank Haftungsgenossenschaft eG.
The Verbund will raise fresh external common equity tier 1 capital (net, after the deduction of repayments) in at least an amount corresponding to the annual sum of the distributions and compensation payments (compensation for retained earnings).
Odločitve, ki jih sprejme upravni odbor sheme Volksbank Haftungsgenossenschaft eG, so za pogodbene partnerje zavezujoče.
ÖVAG dividend ban
V skladu z informacijami, ki jih je predložila Avstrija, so se že evidentirali vrednostni papirji, upravičeni do nadomestila na podlagi jamstva, ki skupaj presegajo najvišji znesek jamstva v višini 100 milijonov EUR.
In so far as they are legally separable, payments for remunerating the aid measures will remain unaffected.
Avstrija prejme dodatno nadomestilo v enakem znesku, kot znašajo predlagane dividende, in
Ban on price leadership
bilančna vsota in tveganju prilagojena aktiva družbe ÖVAG so se morala zmanjšati na 18,4 milijarde EUR oziroma 10,1 milijarde EUR do 31. decembra 2017.
In the area of deposit services, Live Bank is prohibited in the period up to the end of the liquidation from offering interest rate conditions (for all maturities) better than its competitor with the third-best conditions in the Austrian market for direct online banking without the Commission's prior approval.
Večji del tega zmanjšanja naj bi se dosegel v stranskem segmentu, bilančna vsota in tveganju prilagojena aktiva v osrednjem segmentu pa sta se morala zmanjšati le malo (ciljne vrednosti 5,4 milijarde EUR oziroma 4,5 milijarde EUR do 31. decembra 2017);
Representation of the Republic of Austria in Volksbank Wien-Baden AG in its capacity as central organisation of the Verbund
Plačilo na podlagi pravice do udeležbe pri dobičku mora znašati vsaj [0–50] milijonov EUR do odobritve letnih računovodskih izkazov družbe VBWB za leto […] in najmanj [0–100] milijonov EUR do odobritve letnih računovodskih izkazov družbe VBWB za leto […].
With effect from the splitting-up of ÖVAG and the transfer of the function as central organisation of the Verbund to VBWB the Republic of Austria will have transferred to it a share of 25 % plus one share (“25 % + 1”) free of charge by the Verbund.
Če eden od teh pragov ni izpolnjen, je treba priglasiti nov načrt prestrukturiranja.
If the Verbund fails to fulfil its repayment commitments in accordance with point 9.3, the Republic of Austria will have transferred to it additional shares in VBWB free of charge by the Verbund up to a total stake of Austria of [26-40] %.
Republika Avstrija bo svojo pravico do udeležbe pri dobičku izvajala ob upoštevanju sporazuma o prestrukturiranju, natančneje, zaradi neupoštevanja pragov iz tega sporazuma bo imela Republika Avstrija pravico, da odsvoji deleže v banki VBWB, ki so bile nanjo prenesene v skladu s sporazumom o prestrukturiranju.
In addition, the Republic of Austria will receive the right of disposal over its entire shareholding in accordance with the provisions of the restructuring agreement.
primarne banke bodo od takrat neomejeno odgovorne za obveznosti skupine Volksbanken-Verbund in osrednjo organizacijo.
The Republic of Austria will be granted by the Verbund a right of representation of half of the members of the VBWB supervisory board to be appointed by the owners.
Do zdaj so bile odgovorne le, če jim to ni preprečilo izpolnjevanja zakonskih zahtev o minimalnem kapitalu.
Remuneration of the aid measures
izpostavljenost do družbe Immigon v višini [200–300] milijonov EUR se bo nemudoma prodala na trgu, s čemer se bo preostala izpostavljenost zmanjšala na [400–600] milijonov EUR.
The asset guarantee of EUR 100 million provided by the Republic of Austria to ÖVAG will be remunerated with a non-profit-related bonus of 10 % p.a.
S tem poslom bo skupina Volksbanken-Verbund utrpela izgubo v višini [0–100] milijonov EUR;
VBWB grants the Republic of Austria a profit participation right as compensation for the reduction under the restructuring agreement in the State's EUR 300 million participation capital in ÖVAG during the course of the split-up.
Odnose med primarnimi bankami znotraj skupine Volksbanken-Verbund urejata dva sporazuma:
From the entire payment to be made on the profit participation right will be deducted any participation capital held by the State which is retained during the course of the split-up and is duly repaid.
sporazum o združenju na podlagi oddelka 30a zakona BWG (Verbundvertrag) in sporazum o sodelovanju.
The payment on the profit participation right has to reach at least EUR [0-50] million by the time of approval of the […] annual accounts of VBWB and at least EUR [0-100] million by the time of approval of the […] annual accounts of VBWB.
Novi sklop zavez za skupino Volksbanken-Verbund uvaja pravno zavezujočo zahtevo.
In the event of one of these two thresholds not being reached, a new restructuring plan will have to be notified.
prejemniku mora dodeliti prednost;
It should be noted that the restructuring agreement provides for a payment threshold of at least EUR [0-200] million by the time of approval of the […] annual accounts of VBWB and for a complete payment by the time of approval of the [2020-2025] annual accounts of VBWB.
navedena prednost mora biti selektivna in (d) ukrep mora izkrivljati ali bi lahko izkrivljal konkurenco ter bi lahko vplival na trgovino med državami članicami.
Other behavioural obligations
Komisija je 19. septembra 2012 zaključila formalni postopek preiskave s sprejetjem sklepa o združljivi pomoči za prestrukturiranje v zvezi z družbo ÖVAG (v nadaljnjem besedilu: sklep iz leta 2012) [6], vključno z ukrepi iz uvodne izjave 2 zgoraj in kapitalskim vložkom države v višini 250 milijonov EUR v obliki navadnih delnic in jamstva za sredstva z učinkom povečanja kapitala za 100 milijonov EUR.
ÖVAG and the Verbund commit to refrain from acquisitions.
Navedeni sklep je temeljil na načrtu prestrukturiranja iz leta 2012 in zavezah iz Priloge k sklepu iz leta 2012 (v nadaljnjem besedilu: zaveze iz leta 2012).
This applies to both the purchase of companies with their own legal structure, and shares in companies, as well as asset bundles that represent a commercial transaction or a branch of activity.
Natančneje, skupina Volksbanken-Verbund se zavezuje, da bo Avstriji dala na voljo nov finančni instrument, pravico do udeležbe pri dobičku (Genussrecht).
This does not apply to acquisitions that must be made in order to maintain financial and/or association-related stability, or in the interests of effective competition, provided that they have been approved beforehand by the Commission.
Avstrija bo na podlagi navedenega instrumenta, ki ima majhno nominalno vrednost, prejela izplačila donosa, odvisna od dobička, ki bodo imela prednost pred vsemi drugimi izplačili donosa na hibridne instrumente ali dividende.
This does not apply either to acquisitions that belong, in terms of the management of existing obligations of customers in financial difficulty, to a bank's normal ongoing business.
Družbi Immigon od 31. decembra 2015 kot likvidiranemu subjektu ne bo več treba izpolnjevati kapitalskih zahtev.
ÖVAG and the Verbund must not use the granting of the aid measures or any advantages arising therefrom for advertising purposes.
Zato je težko oceniti pogoj za poravnavo jamstva, povezan z deležem navadnega lastniškega kapitala.
ÖVAG and the Verbund must verify the incentive effect and appropriateness of their remuneration systems and ensure, using the possibilities under civil law, that they do not result in exposure to undue risks, are oriented towards sustainable, long-term company objectives, and are transparent.
[0–50] milijonov EUR leta […];
The Verbund is to continue expansion of its risk-monitoring operations and to conduct a commercial policy that is prudent, sound and oriented towards sustainability.
[0–100] milijonov EUR leta […];
Monitoring trustee
[0–200] milijonov EUR leta […] in 300 milijonov EUR v obdobju [2020–2025].
The Republic of Austria is to ensure that the full and correct implementation of the restructuring plan of ÖVAG and the Verbund and the full and correct implementation of all commitments within this commitments document are continuously monitored by an independent, sufficiently qualified monitoring trustee who is obliged to maintain confidentiality.
njena izpostavljenost državam srednje in vzhodne Evrope prek njenih hčerinskih družb za bančno poslovanje s prebivalstvom, ki so bile združene v družbi VB International AG (v nadaljnjem besedilu: družba VBI), njeno sodelovanje na področju javnih financ in financiranja infrastruktur;
The appointment, duties, obligations and discharge of the monitoring trustee must follow the procedures set out in the “Trustee” Annex.
poslovanje z nepremičninami;
The Republic of Austria is to ensure that, during the implementation of the Decision, the Commission or the trustee has unrestricted access to all information needed to monitor the implementation of this Decision.
od tega je 250 milijonov EUR vpisala Avstrija, preostalo pa finančni holding Volksbanken Holding.
Commission Decision (EU) 2016/154
Sklep Komisije (EU) 2016/154
on State aid SA.13869 (C 68/2002) (ex NN 80/2002) — reclassification as capital of the tax-exempt accounting provisions for the renewal of the high-voltage transmission network (RAG) implemented by France in favour of EDF
o državni pomoči SA.13869 (C 68/2002) (ex NN 80/2002) Prerazvrstitev v kapital v okviru računovodskih rezervacij, ustvarjenih z oprostitvijo davka za prenovo omrežja za splošno oskrbo, ki jo je Francija odobrila družbi EDF
(notified under document C(2015) 4959)
(notificirano pod dokumentarno številko C(2015) 4959)
Having called on interested parties to submit their comments pursuant to that Article [2],
po pozivu vsem zainteresiranim stranem, naj predložijo svoje pripombe v skladu z navedenim členom [2],
and having regard to their comments,
in ob upoštevanju teh pripomb,
By decision of 16 October 2002 the Commission initiated the formal investigation procedure under Article 108(2) of the TFEU (‘the opening decision’) into the advantage resulting from the non-payment by Établissement Public à Caractère Industriel et Commercial ‘Électricité de France (E.D.F.), Service National’ (‘EDF’, which became the public limited company Électricité de France SA towards the end of 2004) of the corporation tax due, when it restructured its balance sheet in 1997, on some of the accounting provisions created free of tax for the renewal of the high-voltage transmission network (réseau d'alimentation général — RAG) and reclassified as capital.
Komisija je z odločbo z dne 16. oktobra 2002 uvedla formalni postopek preiskave iz člena 108(2) PDEU (sklep o začetku postopka) v zvezi s prednostjo, ki izhaja iz tega, da javna ustanova industrijske in komercialne narave „Electricité de France (E.D.F.), Service National“ (EDF je postala delniška družba Electricité de France SA proti koncu leta 2004) ob prestrukturiranju svoje bilance leta 1997 ni plačala dolgovanega davka od dohodkov pravnih oseb na del računovodskih rezervacij, ki so bile ustvarjene z oprostitvijo davka za prenovo omrežja za splošno oskrbo (omrežje RAG) in prerazvrščene v kapital.
The French authorities, in their comments submitted to the Commission by letter dated 11 December 2002, denied that EDF had received a tax concession and argued that the additional capital contribution corrected an under-capitalisation and was therefore justified.
Francoski organi so v pripombah, ki so jih z dopisom z dne 11. decembra 2002 predložili Komisiji, izpodbijali, da je družba EDF dobila davčno olajšavo, in zlasti navedli, da je dodatna kapitalska injekcija odpravila podkapitalizacijo in bila zato upravičena.
By letter dated 21 January 2003, the Commission forwarded to France the only observations received from one interested third party and invited the French authorities to submit their comments.
Komisija je z dopisom z dne 21. januarja 2003 Franciji posredovala edine pripombe, ki jih je prejela od ene od zainteresiranih strani, in jo hkrati pozvala k predložitvi njenih stališč.