Aktualno

Financiranje delovanja DUTB v letu 2013

Družba za upravljanje terjatev bank je konec leta 2013 izpeljala tri ključne naloge:V skladu z odločitvijo vlade v začetku decembra je družba tik pred iztekom leta prevzela nedonosne terjatve dveh največjih sistemskih bank – NLB in NKBM in tako očistila njune bilance.Bankama je izdala obveznice, ki izpolnjujejo kriterije Evropske centralne banke, kar pomeni, da sta NLB in NKBM v zameno za nedonosne terjatve prejeli donosne vrednostne papirje, ki jih v zameno za svež kapital lahko zastavita. To bankama omogoča, da obnovita normalno delovanje in začneta s krediti spet podpirati dobre projekte v slovenskem gospodarstvu.V letu 2013 smo vzpostavili delujočo organizacijo, ki slab mesec dni po prenosu že sprejema odločitve v posameznih konkretnih primerih prestrukturiranj podjetij in upravljanja posameznih terjatev. Zagon Družbe za upravljanje terjatev bank je primer, kot jih v Evropi doslej ni bilo veliko, saj so v večini primerov podobne družbe nastajale iz že obstoječih bank z delujočo infrastrukturo, ki so jih ustrezno preoblikovali, medtem ko je bilo potrebno DUTB vzpostaviti od začetka. Ob tem je DUTB prevzem tveganih terjatev izvedla v razmeroma kratkem času, saj sta podobni ustanovi v Španiji in na Irskem za to potrebovali leto in pol. Revidirani podatki o financiranju vzpostavitve in prvega leta delovanja DUTB bodo objavljeni v letnem poročilu konec aprila 2014, po oceni na dan 20.1.2014 pa je DUTB od začetka svojega delovanja za vzpostavitev družbe in financiranje vseh aktivnosti porabila 4,8 od predvidenih 7,7 milijona EUR. Ta strošek delimo na naslednji postavki:Interni stroški, ki zajemajo plače zaposlenih, obratovalne stroške (stroške IT in TK infrastrukture ter storitev, najem in opremo poslovnih prostorov, stroške vzdrževanja ipd.).Eksterni stroški, ki zajemajo pogodbe z zunanjimi sodelavci. DUTB je ob tem imela če 3,8 milijona EUR stroškov, ki predstavljajo financiranje garancij ob izdaji obveznic za nakup terjatev in stroške dajatev in skupaj znašajo 3,8 milijona EUR.Pregled stroškov Interni stroški za obdobje od ustanovitve DUTB do konca leta 2013 znašajo 1.22 milijona EUR, pri čemer 787 000 EUR predstavlja skupni bruto bruto strošek plač, 433 000 EUR z vključenim DDV pa ostale obratovalne stroške. Eksterni stroški so zajeti v spodnji tabeli, kjer navajamo pogodbene sodelavce, s katerimi smo sodelovali v letu 2013, storitve, ki jih opravljajo za DUTB, posamezne zneske za plačilo teh storitev in skupni strošek. Iz preglednic je razvidno, da je sodelovanje z zunanjimi sodelavci za DUTB pomembno, saj nam je tak način delovanja ob številnih spremembah v zvezi s časovnico, postopki in načinom prenosa omogočal odzivnost in fleksibilnost delovanja. Pričakujemo lahko, da bo tako tudi v prihodnje, tudi ko gre za storitve, ki jih za DUTB opravljajo sistemske banke. Vse pogodbene sodelavce, s katerimi sodelujemo in uporabljamo njihove storitve, izbiramo v skladu z internimi pravili, ki jih je sprejel Upravni odbor, in sicer po naslednjem postopku:Upravni odbor za posamezno storitev sprejme kriterije in na njihovi podlagi sodelavci na DUTB pripravijo seznam ponudnikov, ki izpolnjujejo te kriterije,DUTB pozove ponudnike s seznama k oddaji ponudb za konkretne storitve pri čemer v pogojih navede, po katerih kriterijih bo sprejeta odločitev o izbiri,Na podlagi prejetih ponudb Upravni odbor v skladu z internimi pravili ob upoštevanju dobrih praks s sklepom izbere najustreznejšega ponudnika,Pogodbo s pogodbenim sodelavcem kot zakoniti zastopnik družbe podpiše eden od izvršnih direktorjev. Potrebno je poudariti, da obseg storitev, ki jih je DUTB naročila pri zunanjih izvajalcih, temelji na usmeritvah in navodilih, ki jih je imela v tistem času, in da so se ta navodila spreminjala. Zakon denimo DUTB med drugim nalaga dokapitalizacijo bank in s tem znatne naložbe v te banke iz svojih lastnih bilanc. To bi pomenilo, da bi morala DUTB prevzeti tudi odgovornost za to, katere terjatve naj bi ostale v bankah in kakšne so realne vrednosti tveganih terjatev. Za izpolnitev teh zakonskih zahtev je bilo potrebno opraviti veliko pripravljalnega dela. Ko je bila kasneje sprejeta odločitev, da bo dokapitalizacijo bank izvedla vlada neposredno in da bodo obseg prenesenih terjatev in njihove cene določeni brez sodelovanja DUTB in potem preneseni na družbo v upravljanje, so bile nekatere aktivnosti in priprave ustavljene.Preglednica pogodbenih sodelavcev DUTB v letu 2013 Vrsta storitevKriteriji za izbiroVeljavnost pogodbZnesek v EURIzvajalec Quartz+CoKey activities in the Initial Phase Include:Describe the journey ahead and develop roadmapDraft organisation and processesSupport development of initial policiesSupport development of guidelines of BAMCPrepare and host workshop for key stakeholdersSupport preparation of status reports and board meeting documentationSupport critical start-up activities Key activities in the project of Initial Strategic and Operational Due Diligence include:Review bank strategy and implications of restructuring plan, including resulting competitive position(s) of its businessesDevelop scenarios for likely outcome of volumes, margins, market shares and cost developmentReview quality of operational improvement plan, planned value levers and expected outcome of improvementsFirst assessment of organisational robustnessGovernance, organisational structure, internal controls,Policies and Instructions,Processes; including risk management, credit approval and credit management processes, NPL recovery approach,Review proposed NPLs to be separated from an investor perspective (i.e. optimal from a cash recovery for BAMC / taxpayers perspective)Review sample of credit files that will be transferred to BAMC (potentially review a few ""good credit"" files)Identify resources that can be taken over by, or used for outsourcing agreement with BAMCs NPL / Credit work-out operationsCo-ordinate and co-operate closely with Financial Due Diligence project to integrate findings in valuation Identify and scope further areas for review Making first assesement of recovery values from sample NPLs Key activities in Project Management and Development of First round Recommendation include:Manage Process with activities, timelines and responsibilitiesManage interdependencies between sub-projects (Financial due diligence, Strategic due diligence, Transaction preparation, etc.) to ensure consistency of perspectives and assumptions across modulesManage and co-ordinate inter-linkages with internal BAMC and projects such as ""Organisation Development"" and ""Stakeholder Management"" as well as external advisors and bank(s)Ensure quality controlMonitor project cost and take action on deviationsManage updating with Board / Investment CommitteeIntegrate findings into a first round recommendation with supporting documentation Ensure on-boarding of BAMC resources into the project as people are recruited mednarodne reference konkurenčna cena fleksibilnost pri zagotavljanju virov kakovost ponudbe odzivnost8.4. 2013 – 30.6.2013 21.8.2013 – 13.9.2013 2.12.2013 – 24.1.2014 2.520.000Izvajalec HSBC     HSBC has performed the following services in connection with the execution of the Issue:Issue Documentation. The documentation will be in the form of a standalone offering circular. The terms and conditions are to be documented under Slovenian law and the administration agreement under English law.The issue of the Notes through KDD - Central Securities Clearing Corporation, Ljubljana.Support preparing the terms and conditions of the Notes.Preparation of all other documents related to the Issue, including the administration agreement. mednarodne reference sodelovanje z Vlado RS konkurenčna cena pripravljenost na pogajanja kakovost ponudbe odzivnost24.11.2013 – 20.12.2013404.600Izvajalec Zolfo CooperThe overall objective of the assignment was to support the BAMC Board in understanding the likely or potential forward-looking financial dynamics of BAMC itself, and of the Banks.Our key activities will include the following:High-level banking sector modelFinancial analysisData request and review:Identify any further and/or broader data required by the BAMC Board for its evaluation, and put together an appropriate request from the Bank in coordination with other BAMC work-streams as appropriateProvide support for the design and assisting in putting in place a process with the BankReview the data subsequently provided by the Bank (the Data), incorporating it into the analysis and evaluation as appropriateIdentify and highlight Data issues or potential omissions that affect or may affect BAMCs evaluationsBuild and/or populate a financial model for the Bank and for the NPL portfolio that is to be transferred to BAMCRun scenarios and perform sensitivity analysis as appropriate to assist the BAMC Board in understanding the key financial dynamics and sensitivities of the Bank and of BAMC Key modelling results: As part of the process of requesting support from BAMC, it is expected that BAMC will be given by the Inter-Ministerial Committee, the key terms of any transfer of NPLs (amounts, transfer price and proposed transaction structure), and of any recapitalisation request (amounts and proposed transaction structure). The Initial Financial Diagnostic, Valuation and Modelling work (as set out above) will support the BAMC Board in making an initial evaluation, under different scenarios, of the following:Assess asset quality and NPLs for the expected transfers:Cash flows of the NPL portfolio to be transferredCash flows (for both the Bank and BAMC) of the proposed transaction structure (how BAMC will be paying for the NPLs)Impact of any potential difference between the transfer price of the NPLs and the valuations and/or projected cash flows andThe resulting impact on the funding needs and capital structure of BAMCDevelop preliminary view on recapitalizationIdentify key uncertainties and data gapsProviding interim finance function support, as required, to the BAMC Board in order for the BAMC to be able to issue debt and other financial instruments as it prepares for the expected purchase of assets from certain Slovenian financial institutionsDevelop a high level excel-based financial model, expanding on the work completed during phase one of our engagement, in order to assist the BAMC Board to understand and evaluate its projected financial position and therefore its required capital and funding structureProviding ad-hoc strategic support, as required mednarodne reference konkurenčna cena fleksibilnost pri zagotavljanju virov kakovost ponudbe odzivnost20.5.2013 – 28.6.2013 26.11.2013 – 13.12.2013 14.12.2013 – 24.12.2013401.800Izvajalec Hansahandelshaus GmbhHansahandelshaus shall in its capacity as the service provider assist and support BAMC in:Supporting the design of a proper credit workout and management structure for BAMC.Support evaluation to ensure competent colleagues for the BAMC positions.Participating in the recruiting process as recruiting committee member.Representing the users standpoint in IT related matters.Preparing initial asset/case reviews and evaluations.Conducting in-depth case analysis for the future case management purposes.Producing information from the case analysis for BAMCs financial planning and therefore supporting the bond emission.Producing of training material for future BAMC staff and training them.Preparing for the asset taker-over from the selected financial institutions into BAMC by e.g. participating in the asset transfer agreement negotiations.Making presentations as instructed by BAMC´s Contact Person to the Board of Directors, credit and investment committees, government representatives and other relevant stakeholders.Advising BAMC staff in distressed case/asset management and instructing the preparation of credit and investment proposals to credit and investment committees or other similar bodies.Managing BAMC staff as from time to time requested by the BAMC´s Contact Person.Other duties, reasonably in the competence of Hansahandelshaus, as requested by the BAMC Contact Person from time to time. mednarodne reference konkurenčna cena fleksibilnost pri zagotavljanju virov kakovost ponudbe odzivnost19.8.2013 – 18.9.2013 18.9.2013 – 30.6.2014105.700Izvajalec Odvetnik Šelih & partnerjiThe Attorneys will provide legal services to the Client which shall relate in particular to commercial law, banking and finance law, insolvency and restructuring, mergers and acquisitions, litigation and alternative dispute resolution and include:Preparation and finalization of proposed agreements and amendments.Preparation of legal memorandums.Other requested services. ni prisoten konflikt interesov mednarodne reference konkurenčna cena fleksibilnost pri zagotavljanju virov kakovost ponudbe odzivnost17.6.2013 do preklica56.300Izvajalec Pedersen & PartnersPedersen & Partners will undertake the search in accordance with the requirement of the role and the profile of the candidate. Our search methods will be direct search, networking, and our proprietary database and will be conducted in five phases:PlanningDefine business need and search contextRole and candidate profile descriptionSearch planIdentification & assessmentDirect targeted searchSourcing for recommendations and referralDatabase searchInternet and other candidate sourcesIntegration of internal candidates if anyPreparation of a long listTelephone interviewsConsultant interviewsRegular progress report/sShortlistShortlist of candidates, typically 3-5Detailed assessment reportsArranging interviews between the client and the candidatesInformal referencesIf requested, we will arrange psychological/psychometric testsExecutive selectionArrange interviews of final candidatesAdvice on offer negotiationFormal reference checkFollow-upMaintain regular contact with the candidate until the starting dateFollow up consultation with the client and candidate, typically after 3-4 monthsContinuing obligationsOur search will cover Slovenia, CEE as well as other relevant geographies. mednarodne reference prisotnost na lokalnem trgu konkurenčna cena fleksibilnost pri zagotavljanju virov kakovost ponudbe odzivnost6.5.2013 – 1.1.201453.000Izvajalec Sintegra LAB d.o.o.Oblikovanje korporativne komunikacijske strategije za DUTB, ki obsega:pripravo letne strategije komuniciranja z mediji,pripravo strategije komuniciranja z ostalimi javnostmi,pripravo protokola komunikacije upravnega odbora z mediji, ki bo opredelil način proaktivnega obveščanja javnosti in reaktivnega odgovarjanja na novinarska vprašanja. Vse aktivnosti pod točko I. bo SINTEGRA LAB izvajala v sodelovanju s svetovalko za upravljanje komunikacij DUTB.Svetovanje in podpora na področju komunikacije upravnega odbora z mediji in z ostalimi javnostmi.Svetovanje in treningi javnega nastopanja za komuniciranje z mediji za v strategiji komunikacije upravnega odbora izbrane govorce.Svetovanje upravnemu odboru na področju krizne komunikacije.Razvoj in izvedba novih komunikacijskih orodij za komuniciranje z mediji. reference konkurenčna cena fleksibilnost glede pogojev dela kakovostna ponudba odzivnost10.6.2013 – 10.10.2013 10.10.2013 – 10.10.201430.350Izvajalec Unija računovodska hiša d.d.Računovodske storitveObračun plač Reference in velikost podjetja Varnost arhiviranja Konkurenčna cena fleksibilnost pri zagotavljanju virov Kakovostna ponudba Odzivnost22.4.2013 do preklica15.600Izvajalec Luka LičarStoritve prevajanja iz slovenskega v angleški in iz angleškega v slovenski jezik Odzivnost Cena Kakovost prevodov23.5.2013 – 23.5.201411.700Skupaj: 3.6 milijona EURPodpisniki pogodb: po pooblastilu upravnega odbora pristojen izvršni direktor Drugi stroški: DUTB je za obdobje od 20. 12. do 31. 12. 13 ter prvi kvartal v 2014 v državni proračun plačala za tri in pol milijone EUR garancij:Prejemnik Znesek Datum Ministrstvo za finance 3.499.027,40 EUR 15.1.2014 Ob tem se je v letu 2013 z DUTB v državni proračun steklo tudi za dobrih 300.000 EUR dajatev od plač in davka na dodano vrednost.