Getin Bank sells stake in Getin Leasing

Commercial lender Getin Noble Bank has signed a deal with LC Corp B.V.  to sell a 50.7 percent stake in car leasing company Getin Leasing. The value of the deal stands at PLN 218 million and it will be finalized before the end of Q1 at the latest. "The agreement is a part of a comprehensive strategy, which aims to achieve capital ratios expected by the KNF, the financial watchdog, by June 30. At the moment we are already half way to implementing the regulator's requirements," said Krzysztof Rosiński , head of Getin Noble Bank in a  press release. "The bank will continue close cooperation with Getin Leasing business to strengthen its position in the automotive finance business," Rosiński added.