Locked content Getin Noble Bank with PLN 190 mln private placement offer

WSE-listed Getin Noble Bank plans on increasing its charter capital by PLN 190 million by issuing 69.6 million C-series shares at PLN 2.73 apiece under a private placement offer, the bank said in a market filing. Shares will be sold to bank’s main shareholder Leszek Czarnecki. The issue will “enable...

Locked content Getin Noble Bank cancels PLN 750 bond program

Getin Noble Bank canceled its PLN 750 million subordinated bond program, two days after securing proper approval by the Financial Supervision Authority KNF. No reason for the cancellation was given. Under the program, established in July last year, the lender planned at least two issues within the n...

Locked content Getin secures KNF approval for PLN 750 mln subordinated bond program

WSE-listed Getin Noble Bank received the approval of Financial Supervision Authority KNF for its PLN 750 million subordinated bond program. According to the prospectus, the bank plans at least two issues within the next 12 months. The bonds will be floated on the Catalyst market. Getin Noble Bank es...

Locked content Getin Noble Bank widens its Q3 net loss

WSE-listed Getin Noble Bank had a PLN 75.13 million net loss in Q3, compared to PLN 26.54 million loss the year before. Income from interest contracted to PLN 325.71 million vs. PLN 328.86 million in Q3 2016, while fee income increased by 39.6 percent y/y to PLN 40.41 million. Bank’s assets at...

Locked content Kruk acquires PLN 420 mln debt portfolio

WSE-listed debt collector Kruk, through its subsidiary Prokura NS FIZ, won the tender for PLN 419.7 million debt portfolio of Getin Noble Bank, the company said in a market filing. This is another portfolio acquired by Kruk recently, after buying PLN 550 million debt from Deutsche Bank. In 2016, Kru...

Locked content Czarnecki to sell its stake in LC Corp

Majority shareholder of the WSE-listed real estate developer LC Corp, Leszek Czarnecki plans to sell its stake in the company. Czarnecki, along with controlled by him, Getin Noble Bank, Open Finance, and Open Life TU Życie owns 51.17 percent stake in LC Corp. Czarnecki wants to sell the shares in bl...

Locked content Getin Noble Bank with PLN 67.7 mln Q2 net loss

Getin Noble Bank had a PLN 67.71 million net loss in Q2, compared to PLN 1.13 million profit the year before. Income from interest grew to PLN 327.46 million vs. PLN 326.03 million in Q1 2016, while fee income increased by 66.8 percent y/y to PLN 40.76 million. Bank’s assets at end-Q2 amounted...

Locked content KNF approves Getin Noble Bank’ recovery program update

WSE-listed lender Getin Noble Bank received the Financial Supervision Authority (KNF) approval for its update to the bank’s recovery program for the 2017-2021 period, the company said in a market filing. Getin Noble launched its recovery program last year, when it posted a PLN 200 million Q4 2015 ne...

Locked content Three banks under UOKiK scrutiny over FX mortgages

The antitrust watchdog UOKiK has launched inquiries into Getting Noble Bank, Deutsche Bank and Raiffeisen Bank Polska FX rates setting policies, which UOKiK calls “unclear.” “They are imprecise, arbitrarily determined. Raiffeisen set their FX rates on ‘average intra-bank exchange rates,’ Deutsche Ba...