Disclosure of delayed confidential information within the scope of LCR and obtaining financial support

Getin Noble Bank S.A. (the “Bank”), pursuant to Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (“MAR”), makes publicly available confidential information for which the Bank’s Management Board has made a decision to delay its disclosure to the public pursuant to Article 17 paragraph 5 of the MAR (“Delayed Confidential Information”) and, in connection with it, it submitted a relevant request to the Polish Financial Supervision Authority (the “Authority”) for consent to the delay in question, pursuant to Article 17 paragraph 5 point (d) of the MAR.

The Bank discloses to the public the Delayed Confidential Information as at 15 November 2018, i.e. as at the date of making the decision on the delay, taking into account the events occurring during the period from the second half of November 2018 to 1 March 2019. This information includes both separate confidential information covered by this delay and elements affecting their degree of accuracy:

“Getin Noble Bank Spółka Akcyjna (the “Issuer”, “Bank”) hereby discloses to the public the contents of confidential Information relating to:

1. the breach, on 15 November 2018, of the level of the liquidity coverage ratio (“LCR”) as defined in Article 4 paragraph 2 of Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions. At the end of the day on 15 November 2018, the said ratio stood at 82.67%, i.e. it was 17.33 p.p. below the minimum level required by law,
2. granting a refinancing loan to restore payment liquidity on the basis of Article 42 paragraph 1 of the Act of 29 August 1997 on the National Bank of Poland in the amount of PLN 3,590,000,000 and signature by the parties of a relevant loan agreement on 19 November 2018 with the repayment date falling on 19 February 2019,
3. granting a refinancing loan to restore payment liquidity on the basis of Article 42 paragraph 1 of the Act of 29 August 1997 on the National Bank of Poland in the amount of PLN 1,200,000,000 and signature by the parties of a relevant loan agreement on 21 November 2018 with the repayment date falling on 21 February 2019,
4. achievement of the minimum level of 21.3% by the LCR on 3 December 2018,
5. achievement of the legally required level of 100% by the LCR on 24 January 2019 and maintaining a significant and gradual increase of that ratio during the period from the beginning of December 2018,
6. complete prepayment of the loan referred to in item 3 on 11 February 2019,
7. timely repayment of the loan referred to in item 2 on its maturity date, i.e. 19 February 2019,
8. reduction of the LCR on 19 February 2019 below the level required by law, i.e. to 62.49%, as a result of the repayment of the refinancing loan for restoration of payment liquidity, referred to in item 2,
9. achievement of the legally required level of 100% by the LCR on 1 March 2019 after the reduction in its value as a result of the events referred to in item 8.

Legal basis: Article 17 paragraph 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR)”.

In addition, the Bank points out that since the repayment of the liability towards the National Bank of Poland made on 19 February 2019, the liquidity coverage ratio — LCR — has been steadily increasing and, within 10 days, it returned above the level required by law, i.e. 100%.

In addition, the Bank informs that according to estimates dated 14 March 2019, the value of the LCR was 143%, i.e. 43 p.p. higher than the minimum level required by law.

Until the publication of this report, the application submitted by the Bank pursuant to Article 17 paragraph 5 point (d) of the MAR has not been considered by the Commission.

Legal basis: Article 17 paragraphs 1, 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR).