im öffentlichen Auftrag

English translation: serving/meeting public policy objectives

21:16 Aug 23, 2012
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: im öffentlichen Auftrag
This relates to a German development bank - I am looking for a 'fitting' way of putting it in the following context:

Förderbank im öffentlichen Auftrag, außerhalb des Wettbewerbs mit Geschäftsbanken

I am not sure if 'acting as a public law institution' works here

TIA, Caitriona
Caitriona O'Callanain
Local time: 01:11
English translation:serving/meeting public policy objectives
Explanation:
or "a development bank serving a public policy objective"..

For example:
"At the EBRD we try to serve public policy objectives while making a profit. .."
Selected response from:

Michael Martin, MA
United States
Local time: 20:11
Grading comment
Many thanks for your help.
Best, Caitriona
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1serving/meeting public policy objectives
Michael Martin, MA
3with a public mission
AllegroTrans
3with a public service mission
Kim Metzger
3Public service development bank
transatgees
3in public commission
Emily Weidmann
3public sector development bank
pj-ffm


Discussion entries: 2





  

Answers


8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
with a public mission


Explanation:
Auftrag can also mean mission/task/purpose
I do not thnk you can call a development bank a "public law institution"

AllegroTrans
United Kingdom
Local time: 01:11
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 21
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22 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
serving/meeting public policy objectives


Explanation:
or "a development bank serving a public policy objective"..

For example:
"At the EBRD we try to serve public policy objectives while making a profit. .."


    Reference: http://www.ebrd.com/pages/news/speeches/mirow_110314.shtml
    Reference: http://www.adfiap.org/wp-content/uploads/2011/01/health-diag...
Michael Martin, MA
United States
Local time: 20:11
Works in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 147
Grading comment
Many thanks for your help.
Best, Caitriona

Peer comments on this answer (and responses from the answerer)
agree  Inge Luus: Makes sense to me
10 hrs
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31 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
with a public service mission


Explanation:
development bank with a public service mission

(16) Im Hinblick auf die Notwendigkeit, die Investitionsmöglichkeiten auszuweiten, die in den betreffenden Mitgliedstaaten entstehen können, sollte die Kommission auch in der Lage sein, mit einzelstaatlichen oder internationalen öffentlichen Einrichtungen oder privatrechtlichen, im öffentlichen Auftrag tätigen und ausreichende Sicherheiten bietenden Einrichtungen im Sinne von Artikel 54 Absatz 2 Buchstabe c der Verordnung (EG, Euratom) Nr. 1605/2002 Risikoteilungsinstrumente einzurichten, wobei vergleichbare Vorschriften und Bedingungen gelten sollten, wie sie für die EIB gelten und von dieser angewandt werden.

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2...

(16) In view of the need to expand investment opportunities which may arise in the Member States concerned, the Commission should also be able to establish risk-sharing instruments with national or international public-sector bodies or bodies governed by private law with a public-service mission providing adequate guarantees, as referred to in Article 54(2)(c) of Regulation (EC, Euratom) No 1605/2002, under similar terms and conditions to those applied to and by the EIB.

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2...



--------------------------------------------------
Note added at 38 mins (2012-08-23 21:55:05 GMT)
--------------------------------------------------

The BCA is based on NRW.BANK's standalone profile and incorporates the institution's unique market position as the region's sole development bank, the low business risk of its core promotional activities and its weak financial profile. The assessment particularly takes into account the bank's modest earnings
power, which remains constrained by its public-service mission, as well as increased market risk in combination with its developing capital position and only moderate loss absorption capacity on the basis of its regulatory capital.
https://www.nrwbank.com/.../nrwbank/.../Moodys_Credit_Opinio...


Kim Metzger
Mexico
Local time: 18:11
Native speaker of: Native in EnglishEnglish
PRO pts in category: 442

Peer comments on this answer (and responses from the answerer)
neutral  Horst Huber (X): Who says a "official translation" should not dodge the question?
2 hrs
  -> Sorry, I don't understand your question.

neutral  pj-ffm: I suspect Horst is alluding to the fact that many translations found on eur-lex.europa.eu "sind mit Vorsicht zu geniessen". Problem is that other translators find them (via Linguee etc.), use them and the "incorrect" translation becomes established...
6 days
  -> Yes, that's right and why I added the Moodys reference.
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10 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Public service development bank


Explanation:
e.g. along the lines of the European Bank for Reconstruction and Development - see www.ebrd.com

transatgees
United Kingdom
Local time: 01:11
Works in field
Native speaker of: English
PRO pts in category: 55
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13 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
in public commission


Explanation:
to order sth officially

Example sentence(s):
  • They are acting in public commission.
Emily Weidmann
Germany
Local time: 02:11
Specializes in field
Native speaker of: Native in GermanGerman

Peer comments on this answer (and responses from the answerer)
neutral  pj-ffm: Emily, can I encourage you to look at the whole context before posting? If the whole phrase you are suggesting is "development bank in public commission", Google this with the quotes and see how common and in which context/countries it appears...
4 days
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4 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
Förderbank im öffentlichen Auftrag
public sector development bank


Explanation:
In this case, the "Förderbank" changes how I would translate "im öffentlichen Auftrag". i.e. a public rather than private sector/commercial bank.



    Reference: http://www.ft.com/cms/s/0/0e87d8ee-e182-11dd-afa0-0000779fd2...
    Reference: http://www.economist.com/node/2804117
pj-ffm
Local time: 02:11
Specializes in field
Native speaker of: English
PRO pts in category: 12
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