natgillin/translations-raw huggingface dataset:
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Commission Decision (EU) 2018/1840
Sklep Komisije (EU) 2018/1840
on the State aid SA.33229 (2018/N-4) (ex 2017/C-3) — Slovenia — Amendment of the restructuring commitments of Nova Ljubljanska Banka d.d.
o državni pomoči SA.33229 (2018/N-4) (ex 2017/C-3) – Slovenija – Spremembe zavez glede prestrukturiranja Nove Ljubljanske banke, d. d.
(notified under document C(2018) 5537)
(notificirano pod dokumentarno številko C(2018) 5537)
By Decision of 2 July 2012 (‘the second rescue and opening Decision’), the Commission approved a second rescue recapitalisation of NLB, while at the same time opening an in-depth investigation based on concerns in relation to the restructuring plan submitted.
Komisija je s sklepom 2014/535/EU (v nadaljnjem besedilu: sklep iz leta 2013) odobrila državno pomoč NLB na podlagi spremenjenega načrta prestrukturiranja in seznama zavez, ki ju je predložila Slovenija; v skladu z eno od teh zavez bi morala Slovenija do 31. decembra 2017 prodati za eno delnico manj kot 75 % delnic NLB, v nasprotnem primeru pa zagotoviti, da NLB odproda šest tujih hčerinskih družb na Balkanu.
The Commission doubted whether the plan allowed NLB to return to viability, while it also deemed the plan insufficient in terms of burden-sharing and in relation to the adequacy of measures to address undue distortions in competition.
Slovenija je 13. aprila 2017 Komisijo zaprosila za odobritev odloga prodaje druge tranše delnic NLB, ki predstavlja največ eno delnico manj kot 25 % delnic NLB, in ji priglasila spremenjene zaveze.
By Decision 2014/535/EU (‘the 2013 Decision’), the Commission approved State aid to NLB on the basis of an amended restructuring plan and a list of commitments submitted by Slovenia, one of which required Slovenia to sell a 75 % minus one share (‘75 % - 1’) stake in NLB by 31 December 2017 or, alternatively, to have NLB divest six foreign Balkan subsidiaries.
Komisija je 11. maja 2017 sklenila, da navedene spremenjene zaveze še naprej zagotavljajo združljivost pomoči v korist NLB z notranjim trgom (v nadaljnjem besedilu: sklep o spremembi iz leta 2017).
On 13 April 2017, Slovenia requested the Commission to authorise a delay of a second tranche of NLB shares representing at most a 25 % minus one share (‘25 % - 1’) stake in NLB and it notified the Commission of amended commitments.
Slovenski organi so se 8. junija 2017 odločili, da začasno ustavijo postopek prodaje NLB, slovenska ministrica za finance pa je Komisijo o tej odločitvi po telefonu obvestila 9. junija 2017.
On 11 May 2017, the Commission concluded that those amended commitments continued to ensure the compatibility of the aid in favour of NLB with the internal market (‘the 2017 amendment Decision’).
Jeseni 2017 sta bili Komisija in Slovenija pogosto v stikih.
On 8 June 2017, the Slovenian authorities decided to put NLB's sale process on hold and on 9 June 2017, the Slovenian Minister of Finance informed the Commission of that decision by phone.
Slovenija je Komisiji posredovala tudi več neuradnih dokumentov.
In the autumn of 2017, numerous contacts took place between the Commission and Slovenia.
Dne 21. decembra 2017 ji je uradno priglasila nadalje spremenjene zaveze.
Slovenia also shared a number of non-papers with the Commission.
Komisija je z dopisom z dne 26. januarja 2018 (v nadaljnjem besedilu: sklep o začetku postopka iz leta 2018) slovenske organe obvestila o odločitvi, da bo začela postopek iz prvega pododstavka člena 108(2) Pogodbe o delovanju Evropske unije (v nadaljnjem besedilu: PDEU) v zvezi z zahtevo po potrditvi združljivosti pomoči, dodeljene NLB, na podlagi nadalje spremenjenih zavez.
On 21 December 2017, Slovenia formally notified the Commission of further amended commitments.
Slovenija je 2. marca 2018 predložila pripombe glede sklepa o začetku postopka iz leta 2018.
By letter dated 26 January 2018 (‘the 2018 opening Decision’), the Commission informed the Slovenian authorities of its decision to initiate the procedure laid down in the first subparagraph of Article 108(2) TFEU in respect of the request to confirm the compatibility of the aid granted to NLB on the basis of the further amended commitments.
Sklep o začetku postopka iz leta 2018 je bil 6. aprila 2018 objavljen v Uradnem listu Evropske unije, pri čemer so bile zainteresirane strani pozvane, naj predložijo pripombe.
On 2 March 2018, Slovenia submitted its comments on the 2018 opening Decision.
Slovenija je 26. marca 2018, 4. aprila 2018, 30. maja 2018, 21. junija 2018, 29. junija 2018 in 9. julija 2018 predložila nove neuradne dokumente, ki so vključevali vrsto predlaganih skupin zavez.
On 6 April 2018, the 2018 opening Decision was published in the Official Journal of the European Union and interested parties were called upon to submit their comments.
Slovenija je z dopisom z dne 13. julija 2018 Komisiji predložila nov sklop zavez v zvezi z državno pomočjo (v nadaljnjem besedilu: spremenjene zaveze), ki je med drugim vseboval nove roke za prodajo ene delnice manj kot 75 % delnic NLB.
On 15 June 2018, Slovenia by way of reply submitted its observations on those comments.
Slovenija se je v dopisu z dne 16. julija 2018 izjemoma strinjala, da se odpove pravicam na podlagi člena 342 PDEU v povezavi s členom 3 Uredbe (ES) št. 1 ter da se ta sklep sprejme in priglasi v angleškem jeziku.
On 26 March 2018, 4 April 2018, 30 May 2018, 21 June 2018, 29 June 2018 and 9 July 2018 Slovenia submitted new non-papers, which included a series of proposed groups of commitments.
OPIS UKREPA POMOČI
By letter dated 13 July 2018, Slovenia submitted to the Commission a new set of State aid commitments (‘amended commitments’), with among others new deadlines for the sale of a 75 % - 1 stake in NLB.
Opis upravičenca
For reasons of legal certainty, Slovenia also notified a proposed measure on 25 July 2018, as a no aid measure, under which Slovenia would compensate NLB against any potential consequences of court cases relating to foreign currency deposits which is a historic issue dating back to before the break-up of Yugoslavia.
NLB je največja banka v Sloveniji s 23-odstotnim tržnim deležem (izračunanim glede na njena skupna sredstva).
By letter dated 16 July 2018, Slovenia agreed exceptionally to waive its rights under Article 342 TFEU in conjunction with Article 3 of Regulation (EC) No 1 and to have the present decision adopted and notified in English.
Količnik navadnega lastniškega temeljnega kapitala NLB je tudi zaradi državne pomoči, ki jo je banka prejela, ob koncu marca 2018 znašal 16,6 %.
DESCRIPTION OF THE AID MEASURE
NLB je izboljšala tudi svojo donosnost in je imela konec leta 2017 čisti dobiček v višini 225 milijonov EUR, kar je enako 14,4-odstotni donosnosti lastniškega kapitala.
Description of the beneficiary
Podrobnosti o ključnih finančnih informacijah NLB so navedene v preglednici 1.
A more detailed description of NLB can be found in recitals 11 to 22 of the 2013 Decision.
Ključne konsolidirane finančne informacije NLB
In terms of its shareholders' structure, since the State recapitalisations of 2012 and 2013, NLB is a 100 % State owned company.
Skupna sredstva (v milijonih EUR)
Also as a result of the State aid NLB has received, NLB had a core equity tier 1 ratio of 16,6 % as at the end of March 2018.
Tveganju prilagojena aktiva (v milijonih EUR)
NLB has also improved its profitability and has reported at the end of 2017 a net profit of EUR 225 million, which equates to a return on equity of 14,4 %.
Čisti dobiček po obdavčitvi (v milijonih EUR)
Table 1 contains details on NLB's key financial information:
nedonosna posojila/posojila skupaj (v %)
Table 1
Količnik navadnega lastniškega temeljnega kapitala (v %)
Key consolidated financial information of NLB:
Razmerje med krediti in depoziti (v %)
Total assets (in EUR million)
Več informacij o hčerinskih družbah NLB na Balkanu je navedenih v preglednici 2.
Risk-Weighted Assets (in EUR million)
Preglednica 2
Net profit after tax (in EUR million)
Ključne finančne informacije o hčerinskih družbah NLB na Balkanu
Non-performing loans/total loans (in %)
Nekdanja jugoslovanska republika Makedonija
Loan to deposits ratio (in %) 69,8 70,8 74,2
Bosna, 2. hčerinska družba
In terms of its commercial presence, NLB has currently 108 outlets in Slovenia (as at the end of March 2018), down from 143 outlets in 2013.
Črna gora
Outside of Slovenia, NLB has foreign subsidiaries in a number of Balkan countries, representing in total EUR 3800 million in assets and EUR 95 million in after-tax profit (end of 2017 figures).
Srbija
Table 2 contains more information on NLB's Balkan subsidiaries:
Delež NLB (v %)
Table 2
Tržni delež (v %)
Key financial information of NLB's Balkan subsidiaries
Dobiček po obdavčitvi (v milijonih EUR)
Bosnia subsidiary 1
Zavarovalnica NLB Vita je imela konec leta 2017 skupna sredstva v višini 446 milijonov EUR in 7 milijonov EUR dobička po obdavčitvi za navedeno leto.
Bosnia subsidiary 2
NLB je 31. decembra 2017 začela postopek likvidacije hčerinske lizinške družbe v Ljubljani.
Kosovo
Nadzorni svet NLB je 29. novembra 2017 odobril ustanovitev nove lizinške družbe, ki se bo osredotočila na zakup vozil, z začetnim vplačanim kapitalom v višini 1,5 milijona EUR.
Montenegro
NLB je februarja 2018 prekinila postopek ustanovitve nove lizinške družbe.
Serbia
Ukrepi državne pomoči za NLB
NLB's stake (in %)
Komisija je s sklepom iz leta 2013 in na podlagi zavez, ki jih je predložila Slovenija, za združljive z notranjim trgom razglasila naslednje ukrepe državne pomoči v korist NLB:
Market share (in %)
prvo dokapitalizacijo v višini 250 milijonov EUR, ki je bila začasno odobrena v prvem sklepu o reševanju;
Profit after tax (in EUR million)
drugo dokapitalizacijo v višini 383 milijonov EUR, ki je bila začasno odobrena v drugem sklepu o reševanju in sklepu o začetku postopka;
NLB continues to own a 50 % stake in insurance company NLB Vita d.d., Ljublana (‘NLB Vita’), which is a joint venture with Belgian KBC Group NV.
tretjo dokapitalizacijo v višini 1558 milijonov EUR in
At the end of 2017, NLB Vita reported total assets of EUR 446 million and EUR 7 million in after-tax profit for that year.
prenos oslabljenih sredstev na slabo banko v državni lasti z elementom pomoči v višini 130 milijonov EUR.
On 31 December 2017, NLB started the process to liquidate its leasing subsidiary in Ljubljana.
NLB je z ukrepi državne pomoči skupno prejela 2321 milijonov EUR, kar je enako 20 % njene tveganju prilagojene aktive decembra 2012.
On 29 November 2017, NLB's Supervisory Board approved the establishment of a new leasing company, focusing on vehicle leasing, with an initial paid-in capital of EUR 1,5 million.
„[…] [zmanjšanju deleža države in števila tujih bančnih hčerinskih družb]
In February 2018, NLB discontinued the process of establishing the new leasing company.
Slovenija bo svoj delež v NLB zmanjšala na eno delnico več kot 25 % (v nadaljnjem besedilu: manjšina, ki lahko prepreči sprejetje odločitve), kot sledi:
State aid measures in favour of NLB
za najmanj 50 % delnic do 31. decembra 2017.
By means of the 2013 Decision and based on commitments submitted by Slovenia, the Commission declared the following State aid measures in favour of NLB compatible with the internal market:
Če Slovenija ne sklene (a) vsaj ene zavezujoče kupoprodajne pogodbe za prodajo vsaj 50 % delnic v NLB, Slovenija in NLB skrbniku za odprodajo dodelita izključno pooblastilo za prodajo deležev NLB v (njenih tujih) bančnih hčerinskih družbah (na Balkanu) po minimalni ceni, ki dosega vsaj 75 % knjigovodske vrednosti;
a first recapitalisation of EUR 250 million, temporarily approved in the first rescue Decision;
Slovenija bo po prodaji vsaj 50-odstotnega deleža v NLB v skladu s pododstavkom 14(a) do 31. decembra 2018 dodatno zmanjšala svoj delež na manjšino, ki lahko prepreči sprejetje odločitve.
a second recapitalisation of EUR 383 million, temporarily approved in the second rescue and opening Decision;
Če Slovenija do 31. decembra 2018 ne sklene (a) vsaj ene zavezujoče kupoprodajne pogodbe za prodajo svojega deleža v NLB, ki presega manjšino, ki lahko prepreči sprejetje odločitve, skrbniku za odprodajo (imenovanemu v skladu z odstavkom 19) dodeli izključno pooblastilo za zmanjšanje deleža Slovenije v NLB na manjšino, ki lahko prepreči sprejetje odločitve, po […].
a transfer of impaired assets to a State-owned bad bank with an aid element of EUR 130 million.
Razlogi za začetek postopka
In total, NLB received State aid measures of EUR 2321 million, equivalent to 20 % of its risk-weighted assets as of December 2012.
Komisija je v sklepu o začetku postopka iz leta 2018 začela formalno preiskavo, potem ko je postalo jasno, da Slovenija ni upoštevala roka, določenega v zavezi o prodaji (opisani v uvodni izjavi 19).
The commitments submitted as part of the 2013 Decision and the 2017 amendment Decision are described in more detail in Sections 2.3 and 2.4 of the 2018 opening Decision.
Komisija je sklenila, da je pomoč, ki jo je Slovenija dodelila NLB, zato postala nezakonita.
Regarding the sale of the 75 % - 1 stake in NLB, Slovenia committed, in the context of the 2017 amendment Decision, to the following (‘the sale commitment’):
Kar zadeva sposobnost preživetja NLB, je Komisija spomnila, da so bile težave, ki jih je imela NLB v letih 2012 in 2013, povezane z vplivom države na njeno tekoče poslovanje, in da se je analiza sposobnosti preživetja NLB v okviru sklepa iz leta 2013 bistveno opirala na spremembo lastništva NLB.
‘… [reduction of State's shareholding and foreign banking subsidiaries]
V sklepu o začetku postopka iz leta 2018 je resno dvomila, da bo dolgoročna sposobnost preživetja NLB zagotovljena brez take spremembe lastništva.
Slovenia will reduce its shareholding in NLB to 25 % plus one share (‘Blocking Minority’) as follows:
Komisija je v sklepu o začetku postopka iz leta 2018 predhodno ugotovila, da je zamuda pri prodaji NLB dejansko podaljšala obdobje prestrukturiranja banke.
by at least 50 % by 31 December 2017.
Kot je pojasnila, je logična posledica podaljšanje zavez, povezanih z obdobjem prestrukturiranja, ki tako veljajo, dokler ne bo končana prodaja ene delnice manj kot 75 % delnic NLB.
If Slovenia has not entered into (a) binding sale and purchase agreement(s) for the sale of its shareholding in NLB by at least 50 %, Slovenia and NLB shall grant to the Divestiture Trustee an exclusive mandate to sell NLB's participations in (its foreign Balkan) banking subsidiaries for a minimum price not lower than 75 % of book value.
Komisija je nazadnje izrazila pomisleke, ali bi se s spremenjenimi zavezami zagotovilo zadostno nadomestilo za zamudo v postopku prodaje.
having sold at least 50 % of its shareholding in NLB in accordance with subparagraph 14(a), Slovenia will further reduce its shareholding to the Blocking Minority by 31 December 2018.
PRIPOMBE ZAINTERESIRANIH STRANI GLEDE SKLEPA O ZAČETKU POSTOPKA IZ LETA 2018 IN POVEZANE PRIPOMBE SLOVENSKIH ORGANOV
If Slovenia has not entered into (a) binding sale and purchase agreement(s) for the sale of its shareholding in NLB exceeding the Blocking Minority by 31 December 2018, Slovenia shall grant to the Divestiture Trustee (appointed in accordance with paragraph 19) an exclusive mandate to reduce the Slovenia's shareholding in NLB to the Blocking Minority for the […]
V tem oddelku so opisane pripombe, prejete glede sklepa o začetku postopka iz leta 2018, in pripombe slovenskih organov na navedene pripombe.
Grounds for initiating the procedure
Komisiji so pripombe poslale naslednje štiri zainteresirane strani:
In the 2018 opening Decision, the Commission opened a formal investigation after it had become clear that Slovenia had breached the deadline set in the sale commitment (described in recital 19).
prva zainteresirana stran, ki je fizična oseba in nekdanja lastnica delnic NLB, je trdila, da bi bila zavrnitev nadaljnjega podaljšanja roka za prodajo NLB v nasprotju z uveljavljeno prakso Komisije na tem področju.
The Commission concluded that, as a result, the aid granted to NLB by Slovenia had become unlawful.
Trdila je, da bi morala Komisija čim bolj znižati stroške reševanja bank za davkoplačevalce ter da bi bilo podaljšanje roka do leta 2019 ne le v interesu Slovenije in njenih davkoplačevalcev, ampak tudi Komisije;
As regards the amended commitments notified on 21 December 2017, the Commission expressed doubts that those were equivalent to the commitments underlying the 2013 Decision and the 2017 amendment Decision.
druga zainteresirana stran, tj. združenje državljanov, zaskrbljenih glede delovanja slovenskih institucij, je menila, da ukrepi, odobreni v sklepu iz leta 2013, ne izkrivljajo konkurence na notranjem trgu in zato niso državna pomoč.
The Commission doubted whether the aid measures were compatible with the internal market on the basis of those amended commitments.
Ta druga zainteresirana stran se je sklicevala tudi na visoko stopnjo dobička NLB in trdila, da NLB zdaj posluje popolnoma neodvisno od slovenskih organov.
As regards NLB's viability, the Commission recalled that the difficulties experienced by NLB in 2012 and 2013 related to the State's influence over its day-to-day operations, and that the analysis of NLB's viability as part of the 2013 Decision was crucially based on a change in NLB's ownership.
Zato je sklenila, da sprememba lastniške strukture NLB ni nujen pogoj za njeno sposobnost preživetja.
In the 2018 opening Decision, the Commission raised serious doubts on NLB's long-term viability without such a change in ownership.
Menila je še, da bi bilo treba zaveze prilagoditi, da bi se upoštevale gospodarske in politične spremembe v državah članicah in Uniji.
In the 2018 opening Decision, the Commission reached the preliminary conclusion that the delayed sale of NLB de facto prolonged its restructuring period.
Nazadnje je trdila, da bi morala Komisija upoštevati tudi dejstvo, da se je Slovenija spopadala s hudo finančno krizo, ko se je odločila, da NLB dodeli državno pomoč, in ko so bile predložene zaveze;
The Commission explained that this logically implied that commitments linked to the restructuring period would be equally prolonged for as long as the sale of the 75 % - 1 stake in NLB had not been finalised.
tretja zainteresirana stran, ki je slovenski državljan, je trdila, da je Komisija pri sprejetju sklepa iz leta 2013 kršila načelo enake obravnave.
Finally, the Commission expressed doubts whether the amended commitments would sufficiently compensate for the delayed sale process.
Menila je tudi, da Komisija za obravnavo NLB ni imela trdne pravne podlage;
COMMENTS BY INTERESTED PARTIES ON THE 2018 OPENING DECISION AND RELATED OBSERVATIONS FROM THE SLOVENIAN AUTHORITIES
četrta zainteresirana stran, imetnik devizne vloge tuje hčerinske družbe Ljubljanska banka, d. d., je podala pripombe zlasti glede izvršitve sodbe Evropskega sodišča za človekove pravice in se sklicevala na tisti del sodbe, ki se nanaša na poplačila deviznih vlog.
This section describes the comments received on the 2018 opening Decision and the observations of the Slovenian authorities to those comments.
Pripombe Slovenije na pripombe zainteresiranih strani glede sklepa o začetku postopka iz leta 2018
The Commission received comments from the following four parties:
Kar zadeva pripombe glede pravdnega postopka v zvezi z deviznimi vlogami, kot so opisane v točki (d) uvodne izjave 27, je Slovenija menila, da navedene pripombe niso predmet sklepa o začetku postopka iz leta 2018.
The first party argued that the Commission should minimise the costs for the taxpayer for rescuing banks and that an extension of the deadline until 2019 would not only be in the interest of Slovenia and its taxpayers, but also in in the interest of the Commission.
Slovenija meni, da dodatni komercialni izravnalni ukrepi ne bi prispevali k navedenemu cilju.
the second party, comprising an association of citizens concerned about the functioning of Slovenian institutions, was of view that the measures approved in the 2013 Decision did not distort competition in the internal market and were therefore not State aid.
Slovenija je poudarila, da trenutno ne sodeluje v tekočem poslovanju NLB.
It argued that even where the measures were considered to constitute State aid, they would in any case be compatible aid because of the 2013 bail-in under the 2013 Decision.
PRIPOMBE SLOVENIJE
Furthermore, the second party considered that, with the exception of the corporate governance commitment, NLB had implemented all the commitments of the 2013 Decision.
Po navedbah Slovenije je NLB zaradi izpolnitve zavez, predloženih v okviru sklepa iz leta 2013, izvedla številne ukrepe z naslednjimi cilji:
The second party also referred to NLB's high level of profit and argued that NLB's operations had become fully independent from the Slovenian authorities.
krepitev okvira NLB za korporativno upravljanje;
It argued that any additional commitments would impair NLB's long-term viability prospects.
krepitev politik NLB za oblikovanje cen in njenega okvira za upravljanje tveganj;
The second party noted that NLB was not the only Slovenian bank that had experienced financial difficulties and that the presence of KBC as a shareholder of NLB at that time had not helped NLB avoid its financial problems.
usmeritev poslovanja NLB v manj tvegane dejavnosti;
The second party also concluded that the commitments should be adapted to take account of changes in the economic and political situation in the Member States and in the Union.
ponovna vzpostavitev dolgoročne donosnosti NLB.
In conclusion, the second party argued that the Commission should also take into account the fact that Slovenia was experiencing a severe financial crisis when it decided to grant the State aid to NLB and when the commitments were submitted.
Slovenija meni, da je NLB zaradi navedenih ukrepov ponovno dosegla dolgoročno sposobnost preživetja, saj lahko krije vse svoje stroške in še naprej dosega ustrezno donosnost lastniškega kapitala.
the third party, being a Slovenian citizen, argued that the Commission had breached the equality of treatment principle when adopting the 2013 Decision.
Slovenija je priznala, da je v točki 15 sporočila o prestrukturiranju izrecno določeno, da bi moralo biti obdobje prestrukturiranja čim krajše.
The third party also considered that the treatment of NLB by the Commission lacked a sound legal basis.
Vendar je poudarila, da je bila zamuda pri izvajanju zaveze o prodaji povezana s pravdnim postopkom v zvezi z deviznimi vlogami zoper NLB na Hrvaškem, ki je bil po njenem mnenju zunaj nadzora Slovenije.
the fourth party, being a foreign currency deposit holder of a foreign branch of Ljubljanska Banka d.d., principally commented on the execution of a judgment of the European Court of Human Rights and referred to that part of the judgment relating to the foreign exchange deposits' repayment.
Navedla je, da bo pripravila verodostojen časovni načrt prodaje ene delnice manj kot 75 % delnic NLB do konca leta 2019, pri čemer bo večji delež prodala že leta 2018.
Slovenia's observations on the comments on the 2018 opening Decision from interested parties
Slovenija je priznala, da bi bilo treba podaljšati veljavnost obstoječih zavez, ki se nanašajo na dobro korporativno upravljanje NLB, vendar je trdila tudi, da bi bilo treba potrebo po podaljšanju veljavnosti obstoječih zavez, ki se nanašajo na neupravičeno izkrivljanje konkurence, proučiti v vsakem primeru posebej.
Slovenia underlined that, in 2013, it not only acted as a responsible owner of NLB, but also in order to protect the financial stability of the country.
Slovenija je poleg tega trdila, da morebitne zaveze ne bi smele ovirati sposobnosti preživetja NLB, ampak bi jo morale pomagati ponovno doseči.