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 net loss, after having to pay an increased fee to the Banking Guarantee Fund, aimed to relieve the customers of the bankrupt SK Bank. The recovery program was approved in September 2016.