Polish banking authority appoints a curator for Getin Noble Bank recovery plan

The Polish Financial Supervision Authority called on Getin Noble Bank to present a new bank recovery plan within 4 months and decided to appoint a curator in Getin, who was the Bank Guarantee Fund, announced Friday’s announcements. Getin plans to submit a new recovery plan that will reflect its current financial situation and the new macroeconomic context.

The KNF said that it refused to approve the update of the recovery plan and called on the bank to submit a new plan within 4 months.

“The new bank recovery plan should take into account, in particular, significant changes in the external environment that have taken place in the recent period (including changes in macroeconomic parameters, trends in judicial practice regarding disputes related to FX mortgage loans) and present activities aimed at, inter alia, meeting the minimum regulatory requirements within an acceptable time-frame, “the Commission wrote in a press release.

The KNF announced that it unanimously decided to appoint a trustee in Getin Noble Bank on December 27, 2021, in order to support its authorities in the process of “leading these authorities to improve its economic and financial situation and ensure the effectiveness of the implemented recovery plan”.
The Polish Financial Supervision Authority called on Getin Noble Bank to present a new bank recovery plan within 4 months and decided to appoint a curator in Getin, who was the Bank Guarantee Fund, announced Friday’s announcements. Getin plans to submit a new recovery plan that will reflect its current financial situation and the new macroeconomic context.

The KNF said that it refused to approve the update of the recovery plan and called on the bank to submit a new plan within 4 months.

“The new bank recovery plan should take into account, in particular, significant changes in the external environment that have taken place in the recent period (including changes in macroeconomic parameters, trends in judicial practice regarding disputes related to FX mortgage loans) and present activities aimed at, inter alia, meeting the minimum regulatory requirements within an acceptable time-frame, “the Commission wrote in a press release.

The KNF announced that it unanimously decided to appoint a trustee in Getin Noble Bank on December 27, 2021, in order to support its authorities in the process of “leading these authorities to improve its economic and financial situation and ensure the effectiveness of the implemented recovery plan”.

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