Edition:
India

Getin Noble Bank SA (GNB.WA)

GNB.WA on Warsaw Stock Exchange

0.58PLN
15 Feb 2019
Change (% chg)

-0.02zł (-3.33%)
Prev Close
0.60zł
Open
0.58zł
Day's High
0.58zł
Day's Low
0.58zł
Volume
3,227,926
Avg. Vol
9,411,193
52-wk High
1.60zł
52-wk Low
0.18zł

Latest Key Developments (Source: Significant Developments)

Idea Bank Admits Selected Private Equity Funds To Due Diligence Process
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Idea Bank SA ::SAYS ADMITS SELECTED PRIVATE EQUITY FUNDS TO DUE DILIGENCE PROCESS AND STARTS TALKS ON STRUCTURE OF POSSIBLE TRANSACTION AIMED AT ATTRACTING FINANCIAL INVESTOR.  Full Article

Getin Noble Bank And Idea Bank Agree On Terms Of Merger
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Getin Noble Bank Sa ::AND IDEA BANK AGREE ON TERMS OF MERGER.ON MERGER DAY, GETIN NOBLE BANK'S SHAREHOLDERS WILL BECOME SHAREHOLDERS OF IDEA BANK.BANKS AGREE SHARE EXCHANGE RATIO OF 0.185 IDEA BANK SHARES FOR 1 GETIN NOBLE BANK SHARE.TRANSACTION IS EXPECTED TO CLOSE IN Q3 2019.SEES SYNERGY POTENTIAL WITH CUMULATED PRE-TAX COST SYNERGIES IN 2019-2021 OF 370 MILLION ZLOTYS.SEES FULLY PHASED PRE-TAX ANNUAL COST SYNERGIES OF 180 MILLION ZLOTYS BY 2021.SEES TOTAL INTEGRATION COSTS AMOUNTING TO 220 MILLION ZLOTYS PRE-TAX.SEES COST SYNERGIES THROUGH: CONSOLIDATION OF HEADQUARTERS, OPTIMIZATION OF OVERLAPPING BRANCHES, IT INTEGRATION.SEES MERGER TO STRENGTHEN CAPITAL POSITION, SEES RETURN TO PROFITABILITY.  Full Article

Getin Noble Bank, Idea Bank To Search For Potential Investor
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - GETIN NOBLE BANK SA , IDEA BANK SA ::MANAGEMENTS OF BOTH GETIN NOBLE BANK AND IDEA BANK RESOLVE TO SEARCH FOR FINANCIAL INVESTOR.SAY PLAN TO COMPLETE ANALYSIS OF POSSIBLE MERGER BETWEEN BANKS IN JAN 2019.POTENTIAL INVESTOR COULD RECAPITALISE BANKS OR ALTERNATIVELY BANK CREATED AFTER MERGER OF GETIN NOBLE BANK WITH IDEA BANK.  Full Article

Getin Noble Bank: Deposit Outflows Back To Normal Levels - CEO
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Getin Noble Bank Sa ::THERE'S NO DECISION ON MERGER WITH IDEA BANK <<>> AS YET, WE ARE NOT WITHDRAWING FROM THE PROCESS, BANK'S CEO, ARTUR KLIMCZAK, SAYS.FUND OUTFLOWS BACK TO NORMAL LEVELS - CEO.  Full Article

Getin Noble Bank Q3 Net Loss Narrows To 14.0 Mln Zlotys
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Getin Noble Bank SA ::Q3 NET INTEREST INCOME 304.7 MILLION ZLOTYS VERSUS 324.0 MILLION ZLOTYS YEAR AGO.9-MONTH NET LOSS OF 177.8 MILLION ZLOTYS VERSUS LOSS OF 186.3 MILLION ZLOTYS YEAR AGO.Q3 NET FEE AND COMMISSION INCOME 34.1 MILLION ZLOTYS VERSUS 42.1 MILLION ZLOTYS YEAR AGO.Q3 NET LOSS OF 14.0 MILLION ZLOTYS VERSUS LOSS OF 72.1 MILLION ZLOTYS YEAR AGO.Q3 NET IMPAIRMENT ALLOWANCES AT 138.7 ZLOTYS VERSUS 240.0 MILLION ZLOTYS YEAR AGO.  Full Article

KNF Requests Getin Noble Bank To Maintain Additional Capital Requirement Regarding FX Loans
Wednesday, 17 Oct 2018 

Oct 18 (Reuters) - GETIN NOBLE BANK SA ::SAID ON WEDNESDAY THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) RECOMMENDS THE BANK TO MAINTAIN OWN FUNDS TO COVER ADDITIONAL CAPITAL REQUIREMENT IN RELATION TO THE RISK RESULTING FROM FX LOANS AT 1.29 P.P. OVER THE AMOUNT OF TOTAL CAPITAL RATIO (TCR).BEFORE THE BANK MAINTAINED ON A STAND-ALONE LEVEL THE FX MORTGAGE CAPITAL BUFFER AT 1.72 P.P..  Full Article

NBP Exempts Getin Noble Bank From Maintaining Part Of Reserve
Thursday, 4 Oct 2018 

Oct 5 (Reuters) - GETIN NOBLE BANK SA ::SAID ON THURSDAY IT HAS RECEIVED NBP'S CONSENT TO EXEMPT THE BANK FROM OBLIGATION TO MAINTAIN 55 PCT OF REQUIRED MINIMUM RESERVES FROM JAN 1, 2019 TILL DEC. 31, 2019.  Full Article

Getin Noble Bank Q2 Net Loss Widens To 116.1 Mln Zlotys
Friday, 28 Sep 2018 

Sept 28 (Reuters) - GETIN NOBLE BANK SA ::REPORTED ON THURSDAY Q2 NET LOSS OF 116.1 MLN ZLOTYS VERSUS LOSS OF 17.6 MLN ZLOTYS YEAR AGO .Q2 NET INTEREST INCOME 300.0 MLN ZLOTYS VS 325.7 MLN ZLOTYS YEAR AGO.Q2 NET FEE AND COMMISSION INCOME 31.8 MLN ZLOTYS VS 42.6 MLN ZLOTYS YEAR AGO.IN JULY THE BANK INFORMED ABOUT CREATING WRITE-DOWNS IMPACTING ITS Q2 RESULTS nL8N1U94MM.EARLIER IN SEPT. THE BANK INFORMED ABOUT INCREASING THE AMOUNT OF THE WRITE-DOWNS nL8N1W70V1.  Full Article

Getin Holding Agrees To Signing LoI With Talanx And Others
Monday, 24 Sep 2018 

Sept 24 (Reuters) - GETIN HOLDING SA ::MANAGEMENT AGREES TO SIGNING LETTER OF INTENT (LOI) WITH TALANX AND OTHERS FOR EXTENDING COOPERATION TILL 2026.LOI TO BE SIGNED WITH TALANX INTERNATIONAL AG, MEIJI YASUDA LIFE INSURANCE COMPANY, TOWARZYSTWO UBEZPIECZEN EUROPA SA, TOWARZYSTWO UBEZPIECZEN NA ZYCIE EUROPA SA, GETIN NOBLE BANK SA <<>> AND LESZEK CZARNECKI.  Full Article

Getin Noble Signs Annex To Agreement Regarding DM Noble Securities Shares Sale
Friday, 7 Sep 2018 

Sept 7 (Reuters) - GETIN NOBLE BANK SA ::SIGN ANNEX TO CONDITIONAL SALE AGREEMENT OF SHARES IN DM NOBLE SECURITIES TO LESZEK CZARNECKI.ACQUIRER APART FROM PAYING 36 MILLION ZLOTYS FOR SHARES, AGREED EARLIER, ALSO TO PAY PREMIUM FOR BUYING CONTROLLING STAKE.PREMIUM TO AMOUNT TO 5% OF VALUE OF ACQUIRED SHARES, THAT IS 1.8 MILLION ZLOTYS.ALSO AGREES WITH LESZEK CZARNECKI TO TERMINATE BUY OPTION AGREEMENT FOR FURTHER 25% STAKE IN DM NOBLE SECURITIES.SAYS THE ABOVE WILL NOT AFFECT THE COMPANY'S AIM TO STOP HAVING CONTROL OVER DM NOBLE SECURITIES AND RECOGNISE POSITIVE FINANCIAL RESULT AFTER THAT TRANSACTION .  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.