Edition:
India

Getin Noble Bank SA (GNB.WA)

GNB.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Getin Noble Bank FY Net Loss Narrows To 453.4 Mln Zlotys
Friday, 26 Apr 2019 

April 26 (Reuters) - Getin Noble Bank SA ::FY NET INTEREST INCOME 1.20 BILLION ZLOTYS VERSUS 1.30 BILLION ZLOTYS YEAR AGO.FY NET LOSS OF 453.4 MILLION ZLOTYS VERSUS LOSS OF 572.9 MILLION ZLOTYS YEAR AGO.FY NET FEE AND COMMISSION INCOME 126.0 MILLION ZLOTYS VERSUS 148.6 MILLION ZLOTYS YEAR AGO.FY NET IMPAIRMENT ALLOWANCES AT 741.7 MILLION ZLOTYS VERSUS 1.26 BILLION ZLOTYS YEAR AGO.  Full Article

Getin Noble Bank's Series E Shares To Start Trading On WSE
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Getin Noble Bank SA ::SAYS TRADING IN BANK'S SERIES E SHARES TO START ON MAIN MARKET OF WARSAW STOCK EXCHANGE AS OF MARCH 14.  Full Article

Getin Noble Bank Plans Reverse Shares Split
Thursday, 20 Dec 2018 

Dec 21 (Reuters) - GETIN NOBLE BANK SA ::SAID ON THURSDAY IT PLANS TO CONDUCT A REVERSE SPLIT OF ITS SHARES TO MAINTAIN THEIR VALUE ABOVE 0.5 ZLOTY PER SHARE AND AVOID BEING QUALIFIED TO THE ALERT LIST SEGMENT OF THE WARSAW STOCK EXCHANGE .PLANS TO REDUCE THE NUMBER OF THE BANK'S SHARES AND INCREASE THEIR VALUE ACCORDINGLY TO AGREED EXCHANGE RATE WITHOUT CHANGE IN THE SHARE CAPITAL AMOUNT.  Full Article

Poland's KNF Lowers Additional Capital Requirement For Getin Noble Bank To 1.29 P.P.
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Getin Noble Bank SA ::THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) RECOMMENDS BANK TO MAINTAIN OWN FUNDS TO COVER ADDITIONAL CAPITAL REQUIREMENT AT 1.29 P.P. OVER TOTAL CAPITAL RATIO (TCR).PRIOR TO THE NEW RECOMMENDATION, THE ADDITIONAL CAPITAL REQUIREMENT WAS RECOMMENDED AT THE LEVEL OF 1.71 P.P..  Full Article

Unima 2000 Offer Chosen By Getin Noble Bank
Friday, 30 Nov 2018 

Nov 30 (Reuters) - UNIMA 2000 SYSTEMY TELEINFORMATYCZNE SA ::SAYS ITS OFFER FOR CHAT CHATBOT/COBROWSING/WIDEOWERYFIKACJA SYSTEM WAS CHOSEN BY GETIN NOBLE BANK SA <<>>.SAYS VALUE OF THE OFFER EXCEEDS 10 PERCENT OF CO'S EQUITY.  Full Article

Idea Bank Plans To Strengthen Capital, Improve Profitability
Friday, 21 Sep 2018 

Sept 21 (Reuters) - IDEA BANK SA DE.WA::SAYS IT PLANS A SHARE ISSUE IN THE AMOUNT OF 50 MILLION ZLOTYS IN H1, 2019, GUARANTEED BY THE COMPANY'S MAIN SHAREHOLDER, LESZEK CZARNECKI.IT ADDS THAT TO STRENGTHEN REGULATED CAPITAL IN THE LONG-TERM AN ISSUE OF SUBORDINATED BONDS MIGHT BE NEEDED.SAYS BANK'S CAPITAL WILL ALSO BE INCREASED BY PROFITS IN THE FORTHCOMING QUARTERS ."WE THINK THAT AFTER ONE-OFF EFFECT IN THE SECOND QUARTER OF 2018, THE BANK WILL DELIVER PROFITS IN THE FORTHCOMING QUARTERS," TOBIASZ BURY, BANK'S CEO SAID IN A PRESS RELEASE.EARLIER THIS MORNING CO HAS REPORTED A RESTRUCTURING PROGRAM AIMING AT IMPROVING PROFITABILITY, AMONG OTHERS THE BANK PLANS TO GRADUALLY MODIFY ITS BALANCE SHEET STRUCTURE WHAT SHOULD LEAD TO GROWTH IN NET INTEREST MARGIN nFWN1W705M.BURY ALSO POSITIVELY EVALUATES THE POTENTIAL MERGER BETWEEN IDEA BANK AND GETIN NOBLE BANK <<>>, ADDING THAT IT COULD INCREASE CHANCES TO ACQUIRE NEW BUSINESS CLIENTS.EARLIER THIS MORNING CO REPORTED A 404.6 MLN ZLOTY NET LOSS IN Q2 nFWN1W702S AND A BREACH OF MINIMUM CAPITAL RATIO REQUIREMENTS .SAYS RESTRUCTURING PLAN AND CAPITAL PROTECTION PLAN RESULT FROM WRITE-DOWNS AND SET RESERVES REPORTED ON AUG. 17 nL8N1VB0HI.  Full Article

Getin Noble Bank To Book Higher Write-downs In Q2
Thursday, 20 Sep 2018 

Sept 21 (Reuters) - GETIN NOBLE BANK SA ::SAID ON THURSDAY THAT THERE WILL BE AN INCREASE IN VALUE OF IMPAIRMENT LOSSES ON INVESTMENTS IN ITS UNITS IN COMPANY'S Q2 UNCONSOLIDATED FINANCIAL STATEMENTS .THE VALUE OF IMPAIRMENT INCREASES TO 100.3 MILLION ZLOTYS FROM PREVIOUSLY REPORTED 59.9 MLN ZLOTYS nL8N1U94MM.THE VALUE OF REVALUATION WRITE-DOWNS REGARDING PORTFOLIO OF LIABILITIES HELD FOR SALE AND VALUE ON FINANCIAL INSTRUMENTS RECOGNISED IN BANK'S Q2 CONSOLIDATED STATEMENT HAS BEEN SET AT 78.9 MILLION ZLOTYS .ALL THE ABOVE FIGURES ARE GROSS AND YET TO BE REVISED BY AUDITORS .  Full Article

Getin Noble Bank Plans To Talk To Talanx To Extend Cooperation
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - GETIN NOBLE BANK ::GETIN NOBLE BANK SAID ON WEDNESDAY IT PLANS TO SIGN A LETTER OF INTENT WITH TALANX INTERNATIONAL (TALANX), MEIJI YASUDA LIFE INSURANCE COMPANY, TU EUROPA, TU NA ZYCIE EUROPA, GETIN HOLDING <<>> AND LESZEK CZARNECKI .THE LETTER WOULD CONCERN CHANGES TO A FRAMEWORK AGREEMENT ON COOOPERATION BETWEEN PARTIES ON BANCASSURANCE SIGNED IN DEC. 2011.TALKS TO INCLUDE NEGOTIATIONS OVER EXTENDING FRAME INCENTIVE AGREEMENT UNTIL THE END OF 2026 AND REPLACING CURRENT ADDITIONAL REMUNERATION SYSTEM FOR INCENTIVEES, INCLUDING THE COMPANY WITH A NEW ONE.  Full Article

Getin Noble Bank: 2018 BFG Contribution Of 39.9 Mln Zlotys Booked In Q1 Costs
Thursday, 26 Apr 2018 

April 26 (Reuters) - GETIN NOBLE BANK SA ::TO BOOK CONTRIBUTIONS FOR BANKING GUARANTEE FUND (BFG) FOR 2018 IN AMOUNT OF 39.9 MILLION ZLOTYS IN Q1 COSTS.  Full Article

Getin Noble Bank FY Net Loss Widens To 574.9 Mln Zlotys
Thursday, 26 Apr 2018 

April 26 (Reuters) - GETIN NOBLE BANK SA ::FY NET FEE AND COMMISSION INCOME 154.1 MILLION ZLOTYS VERSUS 126.4 MILLION ZLOTYS YEAR AGO.FY NET INTEREST INCOME 1.30 BILLION ZLOTYS VERSUS 1.32 BILLION ZLOTYS YEAR AGO.FY NET LOSS 574.9 MILLION ZLOTYS VERSUS LOSS OF 58.5 MILLION ZLOTYS YEAR AGO.THE VALUE OF IMPAIRMENTS BOOKED IN Q4 WAS ONE OF DETERMINANTS OF THE REPORTED NET RESULT, the company says in its letter to shareholders.ON APRIL 25, THE BANK INFORMED ABOUT THE IMPAIRMENTS BOOKED IN Q4 2017 AND Q1 2018 nL8N1S227R.THE VALUE OF FY 2017 IMPAIRMENTS RELEVANT TO LOSS OF VALUE OF FINANCIAL ASSETS AND RESERVES FOR OFF-BALANCE SHEET LIABILITIES WAS AT 1.26 BLN ZLOTYS VERSUS 700.1 MILLION ZLOTYS YEAR AGO.  Full Article

Poland's Idea Bank to merge with Getin Noble in all-share deal

Poland's Idea Bank has agreed to buy rival Getin Noble Bank in an all-share deal to create the country's seventh largest bank.