natgillin/translations-raw huggingface dataset:
Prior to the financial crisis of 2008, Kaupthing Bank was the largest bank in Iceland.
Oddelek Investicijsko bančništvo opravlja storitve za poslovne stranke v štirih glavnih segmentih: Svetovalne storitve na področju združitev in prevzemov,
At the end of 2007 its balance sheet amounted to 5347 billion ISK (58,3 billion Euros).
Posli na trgu kapitala,
Kaupthing was primarily a northern European bank operating in 13 countries.
Vlaganje osnovnega kapitala.
Kaupthing offered integrated financial services to companies, institutional investors and individuals, divided into five business segments: Corporate and Retail Banking, Capital Markets, Treasury, Investment Banking and Asset Management & Private Banking.
Cilj oddelka je združevati svetovanje s finančnimi zmogljivostmi banke in tako izdelati celovito rešitev za stranke v tesnem sodelovanju z drugimi oddelki banke, zlasti z oddelkoma Kapitalski trgi in Poslovanje s podjetji.
In addition, the bank operated a retail branch network in Iceland, where it was headquartered, and to a lesser extent in Norway and Sweden.
Poslovanje s podjetji
Kaupthing had banking licences through subsidiaries in Denmark, Sweden, Luxembourg and the UK and branches in Finland, Norway and the Isle of Man.
Poslovanje s podjetji je organizirano v 7 oddelkih: Posojila gospodarstvu; Posebni posojilni aranžmaji; Pravna služba in dokumentacija; Upravljanje portfeljev; Skupne službe; Izterjava in Odkup terjatev.
Kaupthing's principal subsidiaries were Kaupthing Singer & Friedlander (UK) and FIH Erhvervsbank (Denmark), but the bank operated 16 other subsidiaries and branches in various countries in Europe, North America, Asia and the Middle East.
Oddelek Poslovanje s podjetji opravlja vrsto različnih storitev financiranja in nudi produkte za svoje poslovne stranke, od srednjih podjetij do velikih družb.
At the end of 2007 the bank employed 3334 people.
Oddelek si zlasti prizadeva za ohranjanje dolgoročnih odnosov s svojimi strankami in zagotavljanjem posebej prilagojenih rešitev in prilagojenih storitev.
Shares in the bank were listed on the OMX Nordic Exchange in Reykjavík and in Stockholm.
Banka Arion Bank meni, da je vodilna pri reševanju vprašanj zadolženosti podjetij in da je s prestrukturiranjem podjetij dosegla velik napredek.
Kaupthing's successor, Arion Bank, is an Icelandic bank offering universal financial services to companies, institutional investors and individuals.
Enota za izterjavo v okviru oddelka Poslovanje s podjetji je odgovorna za izterjavo dolgov banke, t.j. prestrukturiranje gospodarskih družb, ki imajo plačilne težave.
The Bank aims to be a relationship bank with a focus on larger corporations and individuals seeking a broad range of financial solutions.
Delo dobro napreduje in je skoraj končano.
The Arion Bank Group consists of the parent company and eight core subsidiaries which are an integral part of the Bank's operations [32].
Bančno poslovanje z občani
In relation to the recent and ongoing restructuring of its loan book, the Bank has taken over assets that are categorised as held for sale or if the recovery work is not finished, temporary operations.
Bančno poslovanje z občani ima na Islandiji 30 % tržni delež.
According to the Bank, it nevertheless endeavours to sell such assets without undue delay [33].
Na Islandiji je 24 poslovalnic z več kot 100.000 strankami.
Other key shareholdings are in Auðkenni (a holding company managing security keys for online banking; 20 %) and Reiknistofa bankanna (the Icelandic Banks' Data Centre, RB; 18,05 %).
Poslovalnice izvajajo celovito vrsto storitev, vključno s svetovanjem o vlogah in posojilih, plačilnimi karticami, pokojninskim varčevanjem, zavarovanjem, skladi in vrednostnimi papirji.
Arion Bank has closed down or is in the process of closing down a total of 15 companies, where the Bank has held equity interests.
Mreža poslovalnic je razdeljena na sedem skupin, vsaka ima svojega poslovodjo.
These companies are either in liquidation or have no assets or no operations.
Manjše poslovalnice izkoriščajo moč večjih enot v okviru vsake skupine.
This division consists of Sales and Services, Private Banking, and Institutional Asset Management.
Štirje od teh poslovodij delajo na širšem območju Reykjavíka, trije pa v večjih mestnih območjih.
The Bank's subsidiary, Stefnir Asset Management Company, operates the fund management business and Arion Bank Asset Management is the main fund distributor.
Struktura je zasnovana tako, da krepi povezave med poslovalnicami v istem delu države.
Asset Management is a leading participant in the Icelandic market with assets under management at Arion Bank and subsidiaries in excess of 659 billion ISK at the end 2011.
Navedbe tržnih deležev
Asset Management is responsible for managing assets on behalf of its clients, including institutional investors, corporations, high net worth clients and retail investors.
Po izračunih banke Arion Bank je njen tržni delež v vlogah na podlagi letnih poročil islandskih bank in hranilnic [> 30] % ali nekoliko nižji od deležev bank Landsbankinn ([> 30 %]) in Íslandsbanki ([> 30 %]).
It serves clients with differing investment objectives, offering a broad range of services.
Drugi manj pomembni akterji na trgu so banka MP Bank ([< 5 %]) in hranilnice (skupaj [< 5 %]).
In addition to a variety of mutual funds, alternative investment vehicles and pension plan schemes, the division offers customised asset allocation strategies and managed accounts.
Delež banke Arion Bank pri posojilih je približno [15-25] % in je podoben deležu banke Íslandsbanki ter nekoliko nižji od deleža banke Landsbankinn.
The division also offers funds from other leading global fund management companies.
Največji delež na tem trgu ima Stanovanjski sklad in sicer [> 25] %.
Investment Banking
Pomemben delež na tem trgu imajo tudi vsi pokojninski skladi skupaj in sicer [5-10] %, deleži drugih akterjev na trgu pa so zanemarljivi.
Investment Banking provides various services to corporate clients through its four main product areas:
Delež banke Arion Bank v trgovanju na Islandski borzi, merjen v prometu v prvih 14 tednih leta 2012, je bil [10-20] %, druge komercialne banke (banke Íslandsbanki, Landsbankinn in MP Bank) pa so imele vsaka [20-25] % tržni delež.
M&A advisory
Primerjava nekdanje in nove banke
Capital market transactions
Okvirna primerjava ključnega finančnega stanja v bilancah stanja nekdanje in nove banke, predstavljenega v Preglednici 1, kaže veliko razliko v velikosti in obsegu dejavnosti [34].
Acquisition and leverage finance
Konec junija 2008 je bila knjigovodska vrednost portfelja posojil banke Kaupthing Bank 4169 milijard ISK, medtem ko je bila konec leta 2009 knjigovodska vrednost portfelja posojil banke Arion Bank 358 milijard ISK, kar je 8,6 % vrednosti portfelja banke Kaupthing.
Principal investments.
Velika je sprememba tudi v imetništvu vrednostnih papirjev banke Arion Bank v primerjavi z banko Kaupthing Bank.
The division aims to combine advisory with the Bank's financing capabilities, creating an integrated solution for clients, in close cooperation with other divisions of the Bank, in particular Capital Markets and Corporate Banking.
Delnice in izvedeni finančni instrumenti so se zmanjšali za 96 – 100 %.
Corporate Banking
Zmanjšanje je nižje pri obveznicah, ker so obveznice, ki jih ima banka Arion Bank, znašale 25,7 % imetništva banke Kaupthing Bank.
Corporate Banking is organized into 7 departments: Corporate Lending; Specialised Lending; Legal & Documentation; Portfolio Management; Corporate Services; Recovery; and Factoring.
Preglednica 1:
Corporate Banking offers a range of financing services and products for its corporate clients, from medium-sized businesses to large corporations.
Primerjava bilanc stanja banke Arion Bank in banke Kaupthing Bank, zneski v milijardah ISK.
The prime focus of the division is to maintain long-term relationships with its clients as well as deliver tailor-made solutions and personalised services.
Arion kot % Kaupthinga
Arion Bank considers that it is at the forefront in resolving corporate debt issues and has made considerable progress with the restructuring of companies.
Sredstva skupaj
The Recovery unit within Corporate Banking is responsible for the Bank's debt recovery, i.e. the restructuring of companies which are experiencing payment difficulties.
Posojila in terjatve do strank
The work has progressed well and is close to completion.
Obveznice in dolžniški instrumenti
Retail Banking
Delnice in lastniški instrumenti
Retail Banking has a 30 % market share in Iceland.
Obveznosti skupaj
There are 24 branches throughout Iceland and over 100000 customers.
Vloge
The branches provide a comprehensive range of services, including advice on deposits and loans, payment cards, pension savings, insurance, funds and securities.
Lastniški kapital skupaj
The branch network is divided into seven clusters, each with its own business manager.
Izkaz poslovnega izida obeh subjektov kaže podobno razliko v velikosti in obsegu.
Smaller branches capitalise on the strength of larger units within each cluster.
Primerjava banke Arion Bank v letu 2009 in banke Kaupthing Bank v letu 2007 kaže, da čisti prihodki iz obresti banke Arion Bank znašajo 15,2 % čistih prihodkov iz obresti banke Kaupthing, in čisti prihodki od opravnin (provizij) banke Arion so bili 10,7 % prihodkov banke Kaupthing.
More executive authority and responsibility is transferred to the branches and therefore closer to the customers.
Primerjava islandskih dejavnosti obeh bank kaže, da je konec junija 2008 banka Kaupthing za islandske dejavnosti zaposlovala 1133 ljudi (brez zaposlenih v podružnicah), v banki Arion Bank pa je bilo konec leta 2009 zaposlenih 952 ljudi (brez podružnic).
Four of these business managers work in the greater Reykjavík area and three in larger urban areas.
Primerjava izkazov poslovnega izida banke Arion Bank in banke Kaupthing Bank, zneski v milijardah ISK.
This structure is designed to reinforce the links between branches in the same part of the country.
Čisti prihodki iz obresti
Indications of market shares
Čisti prihodki od opravnin (provizij)
According to Arion Bank's calculations, its market share in deposits, based on the annual reports of Icelandic banks and savings banks, is [> 30] % or marginally lower than the shares of Landsbankinn ([> 30 %]) and Íslandsbanki ([> 30 %]).
Čisti prihodki iz poslovanja
Other market players with only minor significance are MP Bank ([< 5 %]) and savings banks (collectively [< 5 %]).
Rezultat pred davkom iz dobička
Arion Bank's share in loans to customers is approximately [15-25] % or similar to that of Íslandsbanki and slightly lower than Landsbankinn.
Nacionalna pravna podlaga
The Housing Financing Fund has the biggest share in this market, [> 25] %.
Nacionalna pravna podlaga za ukrepe pomoči je:
When counted collectively, pension funds also have a significant share in this market or [5-10] %, while the shares of other market players are insignificant.
Zakon št. 125/2008 o organu za izplačila iz državne blagajne zaradi nepredvidenih razmer na finančnem trgu itd., običajno imenovan zakon o izrednih razmerah
Arion Bank's market share in trade on the Icelandic Stock Exchange measured by turnover in the first 14 weeks in 2012 was [10-20] %, but the shares of each of the other commercial banks, Íslandsbanki, Landsbankinn and MP Bank, were [20-25] %.
Zakon o izrednih razmerah je FME pooblastil za poseganje „v izjemnih okoliščinah“ in prevzem pristojnosti skupščin delničarjev in sej upravnih odborov finančnih ustanov ter odločanje glede odtujitve sredstev in obveznosti.
Comparing the old and the new bank
FME je dobil tudi pristojnost imenovati odbore za razpustitev finančnih podjetij, ki jih je prevzel, in ki so imeli pristojnosti skupščine delničarjev.
An indicative comparison of key financials in the old and new banks' balance sheets presented in Table 1 reveals a vast difference in the size and scope of the two operations [34].
V postopku prenehanja ustanov Zakon daje prednostni status terjatvam imetnikov vlog in sistemov zajamčenih vlog.
Arion Bank's total assets at the end of 2009 were only 11,5 % of those of Kaupthing Bank at mid-year 2008.
Zakon je tudi pooblastil islandsko ministrstvo za gospodarstvo, da ustanovi nove banke.
The loan portfolio is the largest single asset category.
Zakon o izrednih razmerah vključuje spremembe in dopolnitve Zakona o finančnih podjetjih št. 161/2002, Zakona o Uradnem nadzoru finančnih dejavnosti št. 87/1998, Zakona o jamstvih za hranilne vloge in o odškodninskih shemah za vlagatelje št. 98/1999 ter Zakona o stanovanjskih zadevah št. 44/1998.
The book value of Kaupthing Bank's loan portfolio at the end of June 2008 was 4169 billion ISK compared to Arion Bank's loan portfolio of 358 billion ISK at the end of 2009, 8,6 % of that of Kaupthing.
Zakon o dopolnitvi državnega proračuna za leto 2008 (člen 4)
There is also a significant change in securities holdings of Arion Bank compared to Kaupthing Bank.
Zakon o državnem proračunu za leto 2009 (člen 6)
Shares and derivatives are reduced by 96-100 %.
Ukrepi pomoči
Table 1
Bistvo posegov je mogoče povzeti na naslednji način: FME je prevzel nadzor nad banko Kaupthing 9. oktobra 2008, domače obveznosti in (večina) domačih sredstev pa je bila prenesena na banko New Kaupthing.
Comparison of Arion Bank and Kaupthing Bank balance sheets, amounts in billion ISK
Nekdanja banka naj bi kot odškodnino za to premoženje dobila znesek v višini razlike med sredstvi in obveznostmi.
Arion as % of Kaupthing
Ker se je izkazalo, da je določitev te razlike težka in dolgotrajna, je država zagotovila nekaj ustanovnega kapitala in se zavezala, da bo prispevala dodatni kapital, če bo potrebno.
Total assets
Potem je banko kapitalizirala preden je bil 1. decembra 2009 dosežen sporazum med državo in nekdanjo banko, ki je povzročil, da se je delež države v banki znižal s 100 % na 13 % [36].
Loans and receivables to customers
Nadzorni organ meni, da ta datum, 1. december 2009, označuje začetek petletnega obdobja prestrukturiranja, ki bo tako trajalo do 1. decembra 2014.
Bonds and debt instruments
Naslednji oddelek je omejen na opis treh vidikov posega države, ki pomenijo ukrepe, pomembne za oceno na podlagi člena 61 Sporazuma EGP.
Shares and equity instruments
Kapital razreda 1
Total liabilities
Država je kapital razreda 1 zagotovila dvakrat – enkrat ob ustanovitvi banke New Kaupthing in potem spet, ko je banko v celoti (in za nazaj) kapitalizirala; temu je sledil sporazum z nekdanjo banko v imenu njenih upnikov, na podlagi katerega je država obdržala 13-odstotni delež v banki.
Deposits
Ustanovni kapital
Total equity
Po ustanovitvi banke New Kaupthing Bank oktobra 2008 je država zagotovila 775 milijonov ISK [37] (5 milijonov EUR) denarja kot ustanovni kapital nove banke in izdala zavezo, da bo skupaj prispevala do 75 milijard ISK kot tvegani kapital razreda 1 v novo banko v zameno za njen celotni lastniški kapital.
The income statements of the two entities display a similar difference is size and scope.
Prva vsota ustreza najnižjemu kapitalu, ki se po islandskih zakonih zahteva za ustanovitev banke.
Comparing Arion Bank in 2009 and Kaupthing Bank in 2007, net interest income of Arion Bank amounts to 15,2 % of Kaupthing and net fee and commission income of Arion was 10,7 % of that of Kaupthing.
Druga vsota pa je bila izračunana kot 10 % začetne ocene verjetne velikosti celotne tveganju prilagojene aktive banke.
Arion Bank employed 1057 people at the end of 2009 (including employees of subsidiaries) compared to Kaupthing Bank's 3334 employees at the end of 2007.
V državnem proračunu za leto 2009 je bil ta znesek uradno vključen kot dodelitev državnih sredstev za reševanje izrednih okoliščin na finančnih trgih.
The total number of employees at Arion was therefore 32 % of the corresponding total for Kaupthing [35].
Namen te dodelitve kapitala je bil zagotoviti zadostno jamstvo za delovanje banke dokler ne bodo rešena vprašanja glede njene dokončne rekapitalizacije, vključno z velikostjo začetnih saldov in vrednotenjem odškodnine, ki jo je treba nekdanji banki plačati za prenesena sredstva.
Comparing the Icelandic operations of both banks, Kaupthing employed 1133 people for the Icelandic operations (excluding employees of subsidiaries) at the end of June 2008, whereas in Arion Bank, there were 952 employees (excluding subsidiaries) at the end of 2009.
Kapitalska injekcija in zadržanje 13-odstotnega deleža kot del poravnave z upniki nekdanje banke
Table 2
20. julija 2009 je islandska vlada sporočila, da je dosegla okvirni sporazum z odborom za razpustitev banke Kaupthing glede zagonske kapitalizacije banke New Kaupthing bank (z dne 21. novembra 2009 preimenovana v Arion Bank) in podlage za nadomestilo, ki ga stranki morata plačati.
Comparison of Arion Bank and Kaupthing Bank income statements, amounts in billion ISK
Vlada se je pogojno sporazumela z odborom za razpustitev banke Kaupthing, da morajo upniki prek odbora dobiti možnost pridobiti večinski delež v banki Arion Bank, da se omogoči neodvisen razvoj banke.
Net interest income
To bi pomenilo, da kot del sporazuma o odškodnini nekdanja banka zagotovi večino kapitala v banki Arion Bank.
Net fee and commission income
Če banka Kaupthing Bank ne bi dokončala vpisa delnic v banko Arion Bank, bi vlada obdržala popolno lastništvo.
Operating income
14. avgusta 2009 je vlada sporočila, da se je zavezala kapitalizirati banko Arion Bank z 72 milijardami ISK kapitala razreda 1 v obliki državnih obveznic in banki dati približno 12-odstotni količnik temeljnega kapitala razreda 1.
Earnings before income tax
Vlada je banko Arion Bank kapitalizirala 9. oktobra 2009 in kapitalizacija je poleg začetnih 775 milijonov ISK v denarju vključevala tudi injekcijo v banko v višini 71225 milijonov ISK z datumom za nazaj in sicer 22. oktober 2008.
National legal basis
Vladni osnovni kapital je torej znašal 72 milijard ISK.
The national legal basis for the aid measures is as follows:
Poleg tega so obračunane obresti na državne obveznice znašale 9,2 milijard ISK.
Act No 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market Circumstances etc., commonly referred to as the Emergency Act
4. septembra 2009 je vlada sporočila, da so bili doseženi dokončni sporazumi o kapitalizaciji banke Arion Bank in podlagi za nadomestilo.
The Emergency Act gave the FME authority to intervene ‘in extreme circumstances’ and assume powers of financial institutions' shareholders meetings and board meetings, and decide on the disposal of their assets and liabilities.
V skladu z okvirnimi sporazumi z dne 20. julija 2009 je sporazum predvsem vključeval določbe za dva možna sporazuma: kapitalizacija v lastništvu nekdanje banke (upnikov) (Sporazum o skupni kapitalizaciji) ali kapitalizacija v lastništvu vlade (Sporazum o alternativni kapitalizaciji) [38].
The FME was also granted power to appoint resolution committees to financial undertakings that it had taken over, which held the powers of shareholders' meetings.
Po prvem sporazumu so imeli upniki banke Kaupthing možnost vpisati nov osnovni kapital in pridobiti (prek odbora za razpustitev) nadzor nad banko Arion Bank.
In winding up the institutions, the Act gives priority status to claims by deposit holders and deposit guarantee schemes.
Ker je vrednost obveznosti, prenesenih na banko Arion Bank, presegala vrednost prenesenih sredstev, je banka Kaupthing morala plačati nov osnovni kapital iz lastnih sredstev nekdanje banke.
The Act also authorised the Icelandic Ministry of Finance to establish new banks.
Znesek tega nadomestila je bil izračunan na 38 milijard ISK, vendar ga je bilo treba redno ponovno vrednotiti na podlagi prihodnje uspešnosti nekaterih portfeljev posojil.
The Emergency Act includes amendments of the Act on Financial Undertakings, No 161/2002, the Act on Official Supervision of Financial Activities, No 87/1998, the Act on Deposit Guarantees and Investor-Compensation Scheme, No 98/1999, and the Act on Housing Affairs, No 44/1998.
Vlada bi imela manjšinski običajni osnovni kapital, ki bi znašal približno 13 % banke Arion Bank.
Supplementary State Budget Act for 2008 (Article 4)
Da bi vlada izpolnila nadzorno potrditveno zahtevo FME za dodatne 4 % kapitala razreda 2, bi vlada v kapital banke Arion Bank prispevala v obliki podrejenega posojila v višini 24 milijard ISK.
State Budget Act for 2009 (Article 6)
1. decembra 2009 so vlada in banka Arion Bank na eni strani in odbor za razpustitev banke Kaupthing na drugi strani dosegli sporazum o poravnavah glede sredstev in obveznosti, prenesenih iz banke Kaupthing na novo banko.
The aid measures
Istega dne se je odbor za razpustitev banke Kaupthing odločil, da izkoristi možnost, predvideno v Sporazumu o skupni kapitalizaciji, in prevzame 87 % osnovnega kapitala banke Arion Bank.
The Icelandic authorities' intervention following the failure of Kaupthing Bank has been described above, and was set out in more detail in the opening decision.
Vlada bi obdržala preostalih 13 % kapitala razreda 1.
The essence of the interventions can be summarised as follows: The FME took control of Kaupthing on 9 October 2008, and domestic liabilities and (most) domestic assets were transferred to New Kaupthing.
Banka Kaupthing je za pridobitev plačala s prenosom sredstev iz svojega premoženja na banko Arion Bank, ki je bilo ovrednoteno na 66 milijard ISK.
The old bank's estate was to be compensated for this transfer by receiving the sum of the difference between assets and liabilities.
Banka Kaupthing je za ta namen uporabila kombinacijo denarja, z Islandijo povezanih posojil gospodarstvu ter portfelj hipotek in posojil subjektom, povezanim z islandsko vlado.
As determining this difference proved to be difficult and time-consuming, the State provided some initial capital and a commitment to contribute further capital if need be.
Kapitalizacija vlade z dne 9. oktobra 2009 je bila pozneje stornirana in banka Arion Bank je vladi v državnih obveznicah vrnila 32,6 milijard ISK in izdala podrejeno obveznico v korist vlade v višini 29,5 milijard ISK.
It then capitalised the bank, before finally an agreement was reached between the State and the old bank on 1 December 2009, which led to the State's stake in the bank being reduced from 100 % to 13 % [36].
Zapletlo se je v zvezi z zahtevo po kapitalski ustreznosti 12-odstotnega kapitala razreda 1 in 4-odstotnega dodatnega kapitala razreda 2, ker je prenos sredstev, ki niso bila netvegana, na banko Arion Bank pomenil povečanje osnove tveganju prilagojenih sredstev banke.
The Authority considers this date — 1 December 2009 — to mark the beginning of the 5 year restructuring period, which will consequently last until 1 December 2014.
Ker je bila banka Arion Bank rekapitalizirana s transakcijo, ki je vključevala veliko povečanje tveganju prilagojenih sredstev, je bilo v skladu s Sporazumom o skupni kapitalizaciji potrebnega več kapitala kot na podlagi Sporazuma o kapitalizaciji vlade, ki je bila financirana izključno z državnimi obveznicami.
The following section is limited to describing those aspects of the State's intervention that constitute measures relevant for assessment under Article 61 of the EEA Agreement.
Delež sredstev, ki ga je bilo treba vladi vrniti v obliki obveznosti razreda 2, je bil večji kot bi bil sicer.
Tier I capital
Zaradi istega razloga je banka Kaupthing plačala 66 milijard ISK za 87 % delnic in ne 62,6 milijard ISK, kot je bilo prvotno predvideno (t.j.
The State provided Tier I capital twice — once, when New Kaupthing was created, and then again when it capitalised the bank fully (and retroactively); followed by an agreement with the old bank on behalf of its creditors according to which the State retained a 13 % stake in the bank.
87 % od 72 milijard ISK).
Initial capital
Vlada je za 13-odstotni delež v banki Arion plačala 12,2 milijarde ISK.
Following the establishment of New Kaupthing Bank in October 2008, the State provided 775 million ISK [37] (5 million Euros) in cash as initial capital to the new bank and in addition issued a commitment to contribute up to 75 billion ISK in total as Tier I risk capital to the new bank in return for its entire equity.
Prispevek kapitala razreda 2