Expectations regarding the impact of the Monetary Policy Council's decisions on the Bank's financial performance

Getin Noble Bank S.A. (“Bank”) hereby informs about the expected impact of the Monetary Policy Council's decisions on interest rate increases dated 6 October and 3 November 2021 (“MPC’s Decisions") on the Bank’s financial performance.

As at the date of this report, based on the business objectives and calculations made, the Bank estimates that the MPC's decisions to increase interest rates by a total of 115 basis points will have a positive impact on the Bank’s interest income in the range of PLN 140 - 170 million over the next twelve months.

This impact will materialise gradually in subsequent quarters and its actual scale will depend on the achievement of business objectives and possible changes in the balance sheet structure.

Both the calculations and the objectives are subject to change. 

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