natgillin/translations-raw huggingface dataset:
From 2019 onwards (if applicable) ensure that, to the extent legally possible, every client relationship (and not just new loans) shall be priced in accordance with clause 8.1.3 above.
Izdaja približno 150 milijonov DKK (približno 20 milijonov EUR) dodatnega kapitala 1. reda in 225 milijonov DKK (približno 30 milijonov EUR) kapitala 2. reda.
A failure to demonstrate a positive RoE at client level of at least [8-12] % pre-tax for individual business client relationships exceeding an exposure of DKK [2,2-2,7] million at the moment of pricing will lead to an escalation of the credit files to the Management Board for formal approval by a reasoned decision.
Poleg tega bo dodatnih 75 milijonov DKK (približno 10 milijonov EUR) sedanjega dodatnega kapitala 1. reda ostalo nespremenjenih.
If the total amount of exceptions for all business client relationships, regardless of their size, that do not meet the mentioned hurdle rate exceeds [2-3] % of the Bank's audited net loan exposure (at the end of the previous financial year) within the financial year, Vestjysk shall, to the extent legally possible, (i), in relation to business clients, ensure a reduction of the amount of net loan exposure to business clients that does not meet the mentioned hurdle rate by [18-25] % compared to the previous financial year and (ii), in relation to consumer clients, ensure an increase in average gross earnings of [4-8] % from the current level of DKK [2800-3300] to the minimum level of DKK [2800-3300].
[80–130]
For the purpose of these calculations for business clients, new loans will have a credit documentation demonstrating a pre-deal calculated RoE at client level for either the individual loan or other live exposure on single client including fee business or banking transactions.
[70–120]
The above-mentioned new loans shall have a credit documentation demonstrating this pre-deal calculated RoE at client-level at the moment of the credit decision and for any financial year thereafter.
[60–110]
Credit deals not falling under this pricing policy regime: restructuring cases (credit quality (in Danish: udlånsbonitet) grade of 1 and 2c pursuant to the DFSA's general customer classification system) for which a restructuring or recovery plan (in Danish: kredithandlingsplan) has been prepared and all money market transactions.
[900–1000]
ADJUSTMENT MECHANISM
[260–300]
If the targets mentioned in section 4.3 in a given year are not achieved due to contingencies outside of the bank's control and if the difference between the actual results and the targets exceeds 7 %, Denmark shall present to the Commission a proposal containing a justification and remedy measures to ensure future compliance with the targets or an adequate compensation, or proposing alternative actions aimed at achieving the same purpose of the initial targets that were not met.
[250–290]
REPORTING
[240–280]
Denmark shall ensure that the full and correct implementation of the Restructuring Plan and the full and correct implementation of all Commitments within this Term Sheet are continuously monitored.
[150–300]
A Monitoring Trustee shall report semi-annually to the Commission on the evolution of the restructuring plan and the above mentioned commitments until the end of the Restructuring Period.
[145–295]
The reference dates for the semi-annual Reporting are the 31 of December and the 30 of June.
[140–290]
The Semi-annual Reporting shall be forwarded within 2 months from the reporting dates each year during the Restructuring Period.
[200–300]
The final report for reference date 31 December 2019 (if applicable) shall cover the entire year 2019.
[150–220]
MONITORING TRUSTEE
[220–290]
Denmark shall appoint a Monitoring Trustee whose mandate is to report to the Commission on compliance by Denmark and by the Bank with the Commitments.
[270–340]
The Monitoring Trustee shall be independent of the Bank and shall possess the necessary qualifications to carry out its mandate, for example as an investment bank or consultant or auditor, and shall not be subject to a conflict of interests throughout the exercise of his mandate.
[7–11]
The Trustee shall be remunerated by the Bank in a way that does not impede the independent and effective fulfilment of the Trustee's mandate.
[45–55]
Appointment Of The Monitoring Trustee
[40–50]
No later than four weeks after the Effective Date, Denmark shall submit to the Commission for approval a list of two or more persons whom Denmark proposes to appoint as the Monitoring Trustee, with an indication of Denmark's preferred choice.
[375–425]
The proposal shall contain sufficient information for the Commission to verify that the proposed Trustee fulfils the requirements set out above and shall include:
[340–390]
The full terms of the proposed mandate, which shall include all provisions necessary to enable the Trustee to fulfil its duties under these Commitments;
Dne 19. junija 2017 je bil vsem delničarjem banke predložen dokument z uradno ponudbo, v katerem je bil podrobneje predstavljen vsak element ponudbe in časovni razpored.
The outline of a work plan which describes how the Monitoring Trustee intends to carry out its assigned tasks.
Pričakuje se, da bosta izdaja delnic in refinanciranje dodatnega kapitala 1. reda končana v jeseni 2017.
The Commission shall have the discretion to approve or reject the proposed Trustees and to approve the proposed mandate subject to any modifications it deems necessary for the Trustee to fulfil its obligations.
Danska med uradno preiskavo ni predložila nobenih novih navedb, ki jih ne bi izrazila že v letu 2012.
If only one name is approved, Denmark shall appoint or cause to be appointed, the individual or institution concerned as Trustee, in accordance with the mandate approved by the Commission.
Ocena Komisije in sklepna ugotovitev iz sklepa o reševanju, da ukrepi 1, 3 in 4 (kot so opisani v uvodni izjavi 19 sklepa o reševanju) pomenijo državno pomoč v smislu člena 107(1) Pogodbe, torej ostajata nespremenjeni.
If more than one name is approved, Denmark shall be free to choose the Trustee to be appointed from among the names approved.
Postopek je bil izveden v drugem in tretjem četrtletju leta 2016.
The Trustee shall be appointed within one week of the Commission's approval, in accordance with the mandate approved by the Commission.
Nazadnje nobeden od kontaktiranih kupcev [19] ni predložil ponudbe zaradi znatnih pričakovanih dodatnih odpisov.
If all the proposed Trustees are rejected, Denmark shall submit the names of at least two more individuals or institutions within one week of being informed of the rejection.
To ugotovitev potrjuje tudi ocena alternativnega predloga (glej tudi uvodno izjavo 52), ki jo je februarja 2016 neuradno preizkusil vlagatelj […].
If all further proposed Trustees are rejected by the Commission, the Commission shall nominate a Trustee, whom Denmark shall appoint, or cause to be appointed, in accordance with a trustee mandate approved by the Commission.
Navedeni vlagatelj je sprva nameraval prevzeti nadzor nad Vestjysk Bank z nakupom novo izdanih delnic po ceni 1 DKK na delnico in je ta predlog potrdil septembra 2016 [22].
Duties and obligations of the Monitoring Trustee
Danska je predložila tudi mnenje o poštenosti, ki ga je na njeno zahtevo pripravil neodvisni strokovnjak.
The Trustee shall assume its specified duties in order to ensure compliance with the Commitments.
Ta v mnenju o poštenosti ugotavlja, da je ponudbena cena 1 DKK za delnico ta trenutek najboljša možna tržna cena, ki jo je mogoče doseči.
The Commission may, on its own initiative or at the request of the Trustee or Denmark or the Bank, give any orders or instructions to the Trustee in order to ensure compliance with the Commitments.
Vsakdo, ki želi vlagati v banko po višji ceni, ima torej možnost, da to stori.
The Bank and Denmark are not entitled to give instructions to the Trustee.
V pravnem aktu, ki finančnemu ministrstvu omogoča zaključiti prodajo konzorciju, je navedena možnost konkurenčnih, ugodnejših ponudb v ponudbenem obdobju, ta možnost pa je bila tudi javno znana [24].
The Monitoring Trustee shall:
Ukrepi so bili priglašeni 13. aprila 2012.
Propose to the Commission a detailed work plan describing how it intends to monitor compliance with the Commitments.
Zato bi bilo treba te ukrepe oceniti na podlagi novega načrta prestrukturiranja, ob upoštevanju Sporočila o prestrukturiranju, Sporočila o bančništvu iz leta 2008 in Sporočil o podaljšanju iz leta 2010 in 2011.
The report should be delivered by 31 December 2017 at the latest;
[18–22]
Monitor the compliance with the Commitments with quarterly reports;
[10–20]
Propose such measures as the Monitoring Trustee considers necessary to ensure Denmark's and the Bank's compliance with the Commitments;
[30–40]
Duties and obligations of Denmark and the Bank
+ [0–7,5]
The Bank shall provide and shall cause its advisors to provide the Monitoring Trustee with all such cooperation, assistance, managerial, administrative support and information as the Monitoring Trustee may reasonably require to perform its tasks.
[2,5–10]
Replacement, discharge and reappointment of the Trustee
[5–12,5]
If the Trustee ceases to perform its functions under the Commitments or for any other good cause, including the exposure of the Trustee to a conflict of interest:
Bilančna vsota banke se je v zadnjih petih letih zmanjšala za 39,5 %, tj. z 32865 milijonov DKK ob koncu leta 2012 na 19895 milijonov DKK ob koncu leta 2016.
The Commission may, after hearing the Monitoring Trustee, request Denmark to replace the Trustee; or
Enako gibanje je razvidno na področju portfelja posojil: bruto posojila so se v istem obdobju zmanjšala za približno 36 %, pri čemer so se bruto posojila v kmetijskem sektorju zmanjšala za približno 26 %, bruto posojila v gradbenem in nepremičninskem sektorju pa za 48 % oziroma 44 %.
Denmark, with the prior approval of the Commission, may replace the Trustee.
Kot je pojasnjeno v uvodnih izjavah 68–70 in povzeto v preglednici 2, si je banka v znatni meri še dodatno prizadevala zmanjšati svoj obseg poslovanja (v primerjavi s predvidenim ob izdaji sklepa o začetku postopka), ostati mali lokalni subjekt in povečati svojo učinkovitost.
If the Trustee is removed, the Trustee may be required to continue in its function until a new Trustee is in place to whom the Trustee has effected a full hand over of all relevant information.
Na ta način bo nevarnost izkrivljanja konkurence do konca leta 2017 v zadostni meri omejena.
The new Monitoring Trustee shall be appointed in accordance with the procedure referred in clauses 11.4-11.7.
Ne glede na to pa je banka na podlagi zavez Danske izvedla znatne dodatne ukrepe za omejevanje izkrivljanja konkurence v preostanku obdobja prestrukturiranja, ki se bo končalo najpozneje ob koncu leta 2019.
Besides the removal, the Trustee shall cease to act only after the Commission has discharged it from its duties after all the Commitments with which the Trustee has been entrusted have been implemented.
Zato Komisija meni, da so bili pomisleki iz sklepa o začetku postopka v zvezi z izkrivljanjem konkurence ustrezno obravnavani.
However, the Commission may at any time require the reappointment of the Trustee if it subsequently appears that the relevant remedies might not have been fully and properly implemented.
Banka je zlasti zmanjšala število svojih podružnic s 24 leta 2012 na samo 15 ob koncu leta 2016.
Council Regulation (EU) 2015/1589 of 13 July 2015 laying down detailed rules for the application of Article 108 of the Treaty on the Functioning of the European Union (OJ L 248, 24.9.2015, p.
Ob izdaji sklepa o začetku postopka je banka predvidevala le zmanjšanje števila podružnic na [18–22].
9).
Ti pomembni dodatni ukrepi za znižanje stroškov se odražajo v razmerju med stroški in prihodki banke, ki se je zmanjšalo s 55,3 % v letu 2012 na 50,3 % v letu 2016.
For clarification, for the purpose of that Commitment, the size of the balance sheet is equal to Vestjysk Bank's total assets.
Pričakuje se, da se bo to razmerje še zmanjšalo na [45–55] % ob koncu leta 2017 in celo na [40–50] % ob koncu leta 2018.
For clarification, in case the Commission's approval to lift the acquisition ban is obtained, the balance sheet of Vestjysk Bank at the Effective Date of the Commitments shall be calculated to include also the assets of the acquired entities or the acquired assets at the date of acquisition.
Očitno je torej, da je banka dosegla pomembna dodatna znižanja stroškov v primerjavi s tistimi, predvidenimi ob izdaji sklepa o začetku postopka.
As a consequence the Bank paid an equivalent amount to Denmark thus offsetting any inadequate burden sharing this relatively small amount might have caused.
Ta dodatna prizadevanja bodo prispevala k donosnosti banke in s tem k njenemu uspešnemu poslovanju.
The amount was paid in full at the beginning of 2014.
Posebni cilji glede stroškov poslovanja, določeni v zavezah, bodo pomagali zagotoviti, da bo banka izvedla preostala zmanjšanja stroškov, kot so predvidena za zagotovitev uspešnosti poslovanja.
The discussions on the restructuring plan were put on hold during that process since the content of such plan would have to take into account the plans a potential buyer of the Bank might have.
Banka namerava tudi dodatno zmanjšati odhodke za obresti (ki so se že zmanjšali s 727 milijonov DKK v letu 2012 na 185 milijonov DKK v letu 2016) za [35–50] % do konca leta 2017 in celo za [45–60] % do konca leta 2018.
In this respect, it must be noted that Denmark considered selling the Bank either to another bank (which would possibly integrate it in its own operations) or to a financial investor (which would possibly keep it as a standalone entity).
Banka lahko brez težav zniža tudi obrestne mere na svoje vloge, ne da bi to škodovalo njenemu financiranju, saj ima precejšen presežek vlog [29].
The restructuring plan was hence also to be dependent on the type of buyer.
Kljub znatnemu zmanjšanju nadomestil za vloge banka ne pričakuje znatnega zmanjšanja presežka vlog, saj se pričakuje, da bo zmanjšanje vlog nižje od zmanjšanja portfelja posojil.
THE NEW RESTRUCTURING PLAN — A CONSORTIUM OF INVESTORS COORDINATED BY DANISH BANK NYKREDIT TO ACQUIRE AND RECAPITALISE VESTJYSK BANK
Banka trenutno pričakuje, da se bodo njene rezervacije za izgube pri posojilih zmanjšale s 416 milijonov DKK v letu 2016 na [200–300] milijonov DKK v letu 2017 in na [200–300] milijonov DKK v letu 2018.
The issue of approximately DKK 150 million (approximately EUR 20 million) in Additional Tier 1 capital and of DKK 225 million (approximately EUR 30 million) in Tier 2 capital.
Glavni razlog za znatno zmanjšanje zneska predvidenih rezervacij so predvidevanja banke, da bo portfelj kmetijstva, ki je bil v preteklih letih razlog za največji del oslabitev [30], uspešnejši.
An additional DKK 75 million (approximately EUR 10 million) of existing Additional Tier 1 capital will remain in place.
Napovedi Komisije [31] kažejo, da so se cene kmetijskih proizvodov res zvišale po zmanjšanju v letih 2015 in 2016, vendar bodo po letu 2017 ostale bolj ali manj nespremenjene.
[80-130]
Banka prav tako pričakuje rahlo zmanjšanje oslabitev v nepremičninskem sektorju, v vseh ostalih sektorjih skupaj pa se pričakuje rahlo povečanje.
[70-120]
V navedeni analizi so rezervacije za izgube pri posojilih določene 20 % višje od zadevnih predvidenih zneskov za leti 2017 in 2018.
[60-110]
Na podlagi spremenjenih predpostavk bi se donosnost lastniškega kapitala banke zmanjšala za [0–5] % oziroma [0–5] % v letu 2017 oziroma 2018, vendar bi ostala na ravni donosnosti, na kateri bi banka lahko pridobivala nadaljnji kapital iz tržnih virov, če bi bilo to potrebno.
[900-1000]
Scenarij DFSA med drugim predvideva nižje prihodke od obresti, višjo amortizacijo in skupno dodatnih [400–600] milijonov DKK oslabitev v primerjavi s predvidenimi v letih 2018 in 2019.
[260-300]
Čeprav bi banka v navedenih dveh letih delala z izgubo, pa bi njene stopnje solventnosti ostajale dovolj nad regulativnimi zahtevami.
[250-290]
Na ta način banka krepi svoje prihodke, če njena donosnost lastniškega kapitala ne doseže cilja [7–11] % v letu 2018.
[240-280]
Glede na to, da se je banka že zavezala k znatnim ukrepom zmanjševanja stroškov, se zdi ta ukrep primeren za izboljšanje donosnosti banke, če bo to potrebno, čeprav banka nima popolnega nadzora nad ravnjo izgub pri posojilih (ki so odvisne od makroekonomskih razmer).
[150-300]
Po dokapitalizaciji na podlagi sheme dokapitalizacije v letu 2009 in preoblikovanju kapitalske injekcije v delniški kapital dne 20. februarja 2012.
[145-295]
Vestjysk Bank je prejela državni hibridni temeljni kapital s prvotno glavnico v višini 1,44 milijarde DKK (194 milijonov EUR), od česar je bilo 287,6 milijona DKK (39 milijonov EUR) skupaj z obračunanimi obrestmi v višini približno 8,7 milijona DKK (1,2 milijona EUR) pretvorjenih v delnice Vestjysk Bank.
[140-290]
Folketingstidende E, Aktstykke 114, 29. junija 2017.
[200-300]
To je bilo navedeno tudi v zadevnih sporočilih za javnost z dne 12. junija 2017: https://www.fm.dk/nyheder/pressemeddelelser/2017/06/staten-indgaar-aftale-om-salg-af-sine-aktier-i-vestjysk-bank, in z dne 19. junija 2017: https://www.fm.dk/nyheder/pressemeddelelser/2017/06/officielt-tilbud-paa-statens-aktier-i-vestjysk-bank-er-nu-fremsat.
[150-220]
Sporočilo o uporabi pravil o državni pomoči za ukrepe v zvezi s finančnimi institucijami v okviru trenutne svetovne finančne krize (v nadaljnjem besedilu: Sporočilo o bančništvu 2008) (UL C 270, 25.10.2008, str. 8); Sporočilo o dokapitalizaciji finančnih institucij v trenutni finančni krizi: omejitev pomoči na najmanjšo potrebno in zaščitni ukrepi za preprečevanje neupravičenega izkrivljanja konkurence (v nadaljnjem besedilu: Sporočilo o dokapitalizaciji) (UL C 10, 15.1.2009, str. 2); Sporočilo Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti (v nadaljnjem besedilu: Sporočilo o oslabljenih sredstvih) (UL C 72, 26.3.2009, str. 1); Sporočilo Komisije o ponovni vzpostavitvi uspešnega poslovanja in oceni ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči (v nadaljnjem besedilu: Sporočilo o prestrukturiranju) (UL C 195, 19.8.2009, str. 9); Sporočilo Komisije o uporabi pravil o državni pomoči za podporne ukrepe v korist bank v okviru finančne krize od 1. januarja 2011 dalje (v nadaljnjem besedilu: Sporočilo o podaljšanju iz leta 2010) (UL C 329, 7.12.2010, str. 7); Sporočilo Komisije o uporabi pravil o državni pomoči za podporne ukrepe v korist bank v okviru finančne krize od 1. januarja 2012 dalje (v nadaljnjem besedilu: Sporočilo o podaljšanju iz leta 2011) (UL C 356, 6.12.2011, str. 7); Sporočilo Komisije o uporabi pravil o državni pomoči za podporne ukrepe v korist bank v okviru finančne krize od 1. avgusta 2013 dalje (v nadaljnjem besedilu: Sporočilo o bančništvu iz leta 2013) (UL C 216, 30.7.2013, str. 1).
[220-290]
donosnost lastniškega kapitala
[270-340]
Za te izračune za poslovne stranke se bo za nova posojila vodila kreditna dokumentacija, v kateri bo navedena donosnost lastniškega kapitala na ravni stranke, izračunana pred sklenitvijo posla, za posamezno posojilo ali drugo aktualno izpostavljenost do ene stranke, vključno z neobrestnimi posli ali bančnimi transakcijami Za zgoraj navedena nova posojila se bo vodila kreditna dokumentacija, v kateri bo navedena ta donosnost lastniškega kapitala na ravni stranke, izračunana pred sklenitvijo posla, v trenutku sprejema odločitve o posojilu in za vsako naslednje finančno leto.
Council Decision (EU) 2017/1960
Sklep Sveta (EU) 2017/1960
on the signing, on behalf of the Union, and provisional application of the Protocol setting out the fishing opportunities and the financial contribution provided for by the Fisheries Partnership Agreement between the European Union and the Republic of Mauritius
o podpisu Protokola o določitvi ribolovnih možnosti in finančnega prispevka, ki jih zagotavlja Sporazum med Evropsko unijo in Republiko Mauritius o partnerstvu v ribiškem sektorju, v imenu Evropske unije in o njegovi začasni uporabi
On 28 January 2014, the Council adopted Decision 2014/146/EU [1] on the conclusion of the Fisheries Partnership Agreement between the European Union and the Republic of Mauritius (‘the Agreement’).
Svet je 28. januarja 2014 sprejel Sklep 2014/146/EU [1] o sklenitvi Sporazuma med Evropsko unijo in Republiko Mauritius o partnerstvu v ribiškem sektorju (v nadaljnjem besedilu: Sporazum).
The first Protocol [2] to the Agreement set out, for a period of three years, the fishing opportunities granted to Union vessels in the fishing zone under the sovereignty or jurisdiction of the Republic of Mauritius (‘Mauritius’) and the financial contribution granted by the Union.
Prvi protokol [2] k Sporazumu je za obdobje treh let določil ribolovne možnosti, dodeljene plovilom Unije na ribolovnem območju pod suverenostjo ali pristojnostjo Republike Mauritius (v nadaljnjem besedilu: Mauritius), in finančni prispevek, ki ga odobri Unija.
The period of application of that Protocol expired on 27 January 2017.
Obdobje uporabe navedenega protokola se je izteklo 27. januarja 2017.
The Commission has negotiated, on behalf of the Union, a new Protocol setting out the fishing opportunities and the financial contribution provided for by the Fisheries Partnership Agreement between the European Union and the Republic of Mauritius (‘the Protocol’).
Komisija je v imenu Unije s pogajanji dosegla dogovor o Protokolu o določitvi ribolovnih možnosti in finančnega prispevka, ki jih zagotavlja Sporazum med Evropsko unijo in Republiko Mauritius o partnerstvu v ribiškem sektorju (v nadaljnjem besedilu: Protokol).
The Protocol was initialled on 26 April 2017.
Protokol je bil parafiran 26. aprila 2017.
The objective of the Protocol is to enable the Union and Mauritius to work more closely on promoting a sustainable fisheries policy, sound exploitation of fisheries resources in Mauritius waters, and Mauritius's efforts to develop its sustainable ocean economy.
Cilj Protokola je Uniji in Mauritiusu omogočiti tesnejše sodelovanje pri spodbujanju trajnostne ribiške politike, odgovornega izkoriščanja ribolovnih virov v vodah Mauritiusa in prizadevanj Mauritiusa za razvoj trajnostnega oceanskega gospodarstva.
In order to ensure an expeditious start to fishing activities of Union vessels, the Protocol should be applied on a provisional basis, pending the completion of the procedures necessary for its entry into force,
Da bi zagotovili čimprejšnji začetek ribolovnih dejavnosti plovil Unije, bi bilo treba Protokol uporabljati začasno do zaključka postopkov, potrebnih za začetek njegove veljavnosti –
The signing on behalf of the Union of the Protocol setting out the fishing opportunities and the financial contribution provided for by the Fisheries Partnership Agreement between the European Union and the Republic of Mauritius (‘the Protocol’) is hereby authorised, subject to the conclusion of the said Protocol.
V imenu Unije se odobri podpis Protokola o določitvi ribolovnih možnosti in finančnega prispevka, ki jih zagotavlja Sporazum med Evropsko unijo in Republiko Mauritius o partnerstvu v ribiškem sektorju (v nadaljnjem besedilu: Protokol), s pridržkom sklenitve navedenega protokola.
In accordance with Article 15 of the Protocol, the Protocol shall be applied on a provisional basis, as from the signature thereof, pending the completion of the procedures necessary for its entry into force.
Protokol se v skladu s členom 15 Protokola začasno uporablja od datuma njegovega podpisa do zaključka postopkov, potrebnih za začetek njegove veljavnosti.
Council Decision 2014/146/EU of 28 January 2014 on the conclusion of the Fisheries Partnership Agreement between the European Union and the Republic of Mauritius (OJ L 79, 18.3.2014, p. 2).
Sklep Sveta 2014/146/EU z dne 28. januarja 2014 o sklenitvi Sporazuma med Evropsko unijo in Republiko Mauritius o partnerstvu v ribiškem sektorju (UL L 79, 18.3.2014, str. 2).