{"id":15344,"date":"2023-06-30T09:34:18","date_gmt":"2023-06-30T07:34:18","guid":{"rendered":"https:\/\/bfg.pl\/?page_id=15344"},"modified":"2023-06-30T10:35:20","modified_gmt":"2023-06-30T08:35:20","slug":"resolution-of-getin-noble-bank-s-a","status":"publish","type":"page","link":"https:\/\/bfg.pl\/en\/resolution-of-getin-noble-bank-s-a\/","title":{"rendered":"Resolution of Getin Noble Bank S.A."},"content":{"rendered":"<p><strong>On 29 September 2022, the Bank Guarantee Fund adopted a resolution decision for Getin Noble Bank S.A. (\u201cthe Bank\u201d).\u00a0<\/strong>On 30 September 2022, the Fund\u2019s decision was delivered to the Bank. Thus, on that date, the resolution process against Getin Noble Bank S.A. was initiated. Also on that date, the Bank\u2019s capital instruments were written down and an administrator was appointed in the Bank.<\/p>\n<p>In addition, according to the decision, on 3 October 2022, the Bank\u2019s operations excluding i.a. FX mortgage loans will be transferred to a bridge bank Velo Bank S.A. The full list of exclusions can be found in the \u201c<em>Informacja o przyczynach I skutkach<\/em>\u201d file on the Fund\u2019s website\u00a0<a href=\"https:\/\/bfg.pl\/przymusowa-restrukturyzacja-getin-noble-bank-s-a\/\" target=\"_blank\" rel=\"noopener\" aria-describedby=\"link-warning-2\">www.bfg.pl<\/a>\u00a0(Polish version only).<\/p>\n<p>Before the decision on the resolution of Getin Noble Bank S.A. was made, in accordance with Article 137 of the BFG Act, the valuation of the Bank\u2019s assets and liabilities had been carried out. For this purpose, the Fund cooperated with Deloitte Advisory Sp. z o.o. sp. k., the entity preparing Valuation 1 and Valuation 2.<\/p>\n<p>The Fund, based on Valuation 1 prepared by an independent valuer, ascertained that the amount of equity of Getin Noble Bank S.A. was negative and amounted to PLN \u2013 3.6 billion, which confirms the conditions mentioned in Article 101(3)(2) of the BFG Act, stating that the assets of Getin Noble Bank S.A. were not sufficient to cover its liabilities.<\/p>\n<p>For more information (in Polish) please consult\u00a0<a href=\"https:\/\/bfg.pl\/przymusowa-restrukturyzacja-getin-noble-bank-s-a\/\" target=\"_blank\" rel=\"noopener\" aria-describedby=\"link-warning-2\">www.bfg.pl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 29 September 2022, the Bank Guarantee Fund adopted a resolution decision for Getin Noble Bank S.A. (\u201cthe Bank\u201d).\u00a0On 30 September 2022, the Fund\u2019s decision was delivered to the Bank. Thus, on that date, the resolution process against Getin Noble Bank S.A. was initiated. Also on that date, the Bank\u2019s capital instruments were written down [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-15344","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/pages\/15344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/comments?post=15344"}],"version-history":[{"count":0,"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/pages\/15344\/revisions"}],"wp:attachment":[{"href":"https:\/\/bfg.pl\/en\/wp-json\/wp\/v2\/media?parent=15344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}