Getin sells PLN 1.12 bln worth of non-performing loans

Getin Noble Bank has sold a package of non-performing loans worth PLN 1.12 billion, for a price of PLN 300 million to an international consortium, whose name has not been disclosed. The transaction will be carried out in two stages and will influence the bank’s financial result in 2014 and 2015, GNB said in a statement. The lender is planning on more major liabilities transactions in 2015. “The transaction puts the total value of non-performing loans sold by Getin Noble Bank over the course of this year at PLN 1.83 billion,” said Krzysztof Rosiński, GNB’s president.