Locked content Regulators assure investors that Polish financial system is stable

Financial Stability Committee KSF said on Monday the Polish financial system is stable after the Financial Supervision Authority KNF head Marek Chrzanowski resigned last week amid a corruption scandal. KSF which consists of Central Bank NBP, KNF, the Ministry of Finance, and the Bank Guarantee Fund ...

Locked content KNF launches internal probe

The Financial Supervision Authority KNF launched an internal control of its operations on Monday concerning the supervisory procedures related to WSE-listed banks Getin Noble Bank, Idea Bank, and not-listed Plus Bank, the KNF spokesman Jacek Barszczewski said. The control is expected to last for two...

Locked content KNF chairman Marek Chrzanowski resigns 

Marek Chrzanowski, Chairman of the Polish Financial Supervision Authority (KNF), has resigned from his position in connection with the accusations made by investor Leszek Czarnecki. “In connection with dishonest and unfounded attacks and accusations made by Leszek Czarnecki, being in the unque...

Locked content Getin Noble Bank sells PLN 100 mln shares to LC Corp

WSE-listed Getin Noble Bank sold 36.6 million new shares at PLN 2.73 apiece to WSE-listed real estate developer LC Corp controlled by the same lead shareholder Leszek Czarnecki under a private placement, the company said in a market filing. This was the second tranche of shares sold this way to LC C...

Locked content Leszek Czarnecki to buy 15% in Idea Getin Leasing for PLN 75 mln

WSE-listed lender Idea Bank will 15 percent stake in Idea Getin Leasing subsidiary to its majority shareholder Leszek Czarnecki for PLN 75 million in hopes to boost its Q3 standalone results by PLN 73.7 million and meet the regulatory capital criteria. After the transaction, Idea Bank will retain th...

Locked content Getin Noble Bank to sell 25% in Noble Securities

Getin Noble Bank signed a conditional agreement to sell 25 percent stake in Noble Securities to Leszek Czarnecki, the bank said. The approval of Polish Financial Supervision Authority (KNF), which  Czarnecki should obtain, is the necessary condition. The 25 percent stake equals to 874,036 Noble Secu...

Locked content Czarnecki could be looking to offload Idea Bank shares – sources

Leszek Czarnecki, one of the richest Poles, may be looking to sell his Idea Bank shares, reported daily Rzeczpospolita citing two sources. Czarnecki holds 9.85 percent of Idea Bank directly as well as 55 percent of Getin Holding, Idea Bank’s major shareholder with a 54.43 percent stake. The sources ...

Locked content Czarnecki sells his stake in LC Corp

The majority shareholder of WSE-listed real estate developer LC Corp, Leszek Czarnecki, together with units controlled by him sold a 51.7 percent stake in the company, the company said in a market filing. After the sale, Czarnecki has no stake in LC Corp. Last week, the consortium set the sale price...

Czarnecki sets LC Corp sale price at PLN 2.1 apiece

Majority shareholder of the WSE-listed real estate developer LC Corp, Leszek Czarnecki, along with controlled by him consortium including Getin Noble Bank, Open Finance, and Open Life TU Życie set the sale price of its 51.17 percent stake in LC Corp at PLN 2.1 per share. This puts the value of the t...

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...