Getin Noble Bank and Idea Bank. Third quarter results 2018



[ad_1]

The net loss of the group Getin Noble Bank in the third quarter of 2018 amounted to PLN 14 million, and the net loss of Idea Bank – PLN 32.6 million – was reported by banks in advertisements.

Getin's result was better than expected by the market, which had a loss of 18.7 million zlotys.

The announcement also shows that after three quarters of 2018, the net loss of the group Getin Noble Bank is 177.8 million zlotys, against 186.3 million a year ago.

At the end of September the balance of loans amounted to PLN 41.3 billion and the balance of deposits PLN 46.1 billion.

Issuance of shares

Getin said that since the beginning of the year, the main shareholder had added 390 million PLN to the bank, which, combined with the reduction in minimum capital requirements, had reduced the number of PLNs. 39, capital gap of nearly 500 million PLN.

Getin Noble Bank expects that the next issue of shares, guaranteed by the main shareholder, will take place in 2019. In this context, the share capital will be increased by 100 million zlotys, the bank said in its release .

Cash out

The bank said in its report that "following the press releases of Getin Noble, the bank has recorded an increase in the outflow of funds deposited in the bank."

"In connection with the media publications published on November 13, there was a hype around the Bank, which created uncertainty for its clients and investors Bank" – it is written in the document.

"The sources of the situation were not related to the Bank's operational activity, but were conditioned by external factors independent of the Bank." The Bank executes client orders on a current basis and the transactions carried out by the Bank are proceeding smoothly, "added the Minister.

Getin said that at the date of approval of the financial statements for publication, he could not assess the impact of the overall situation on future results and financial position. as well as the implementation of the updated resolution and capital protection plan.

It is an article of "Gazeta Wyborcza" in which it is written that Leszek Czarnecki informed the prosecutor's office of the appointment of Marek Ch, president of KNF. Proposal of corruption in exchange, among other things, the favor of the regulator for the restructuring process of Getin Noble Bank. Ch. He resigned. Yesterday, he was arrested by the Central Bureau of Anti-Corruption and drove to the prosecutor's office, where he heard the charge of overreaching the authorities.

Bank of ideas

Third quarter results were also provided by Idea Bank, another bank company controlled by Czarnecki. The net loss attributable to shareholders of the Idea Bank Group parent company was 32.6 million zlotys, whereas the previous year the bank reported a net profit of 97.4 million zlotys.

After the three quarters of 2018, the net loss of the bank amounted to PLN 412 million and the previous year it recorded a profit of PLN 194.8 million.

Idea Bank announced that during the three quarters of 2018, it had maintained its liquidity standards for supervision at the level required by the Polish Financial Supervisory Authority.

Transactions without interference

In mid-November, the Polish Financial Supervisory Authority issued an entry concerning Idea Bank on the KNF's public alert list. "The above-mentioned fact and the intensity of the media reports were not related to the day-to-day operations of the Bank, but despite the increase in customer traffic, the Bank executed all of the clients' transactions. without interruption, "writes the report.

The bank announced that its management was in the process of agreeing on the capital protection plan with the Assistance Fund. At the date of approval of the third quarter financial statements, it had not yet been approved.

Idea Bank has also announced plans to increase its equity. "As part of the measures taken to strengthen the capital ratios, the bank has begun the process of optimizing the balance sheet total, which will continue over the coming quarters. These activities, combined with the increase expected capital, should lead to a strengthening of the situation in the bank's own funds, which – besides is the current priority of the board of directors of the bank "- this was written in the release.

The bank also said it was pursuing its analysis of the potential merger with Getin Noble Bank.

[ad_2]
Source link