Current report No 26/2021
Sale of performing loans portfolios
Getin Noble Bank S.A. (the “Bank”) informs that on 16 November 2021 the Bank closed the process of collecting binding offers from bidders invited to the process of sale of three portfolios of credit agreements granted to housing associations, with the total value of PLN 548.1 million – as at 30 September 2021. Domestic and foreign entities were invited to the bidding process. The bidding process is conducted on the basis of transparent and competitive criteria.
The initiation of the bidding procedure for the sale of the aforementioned portfolios is aimed at improving the main financial ratios of the Bank as part of the implementation of the Recovery Plan. Therefore, the Bank informs that it may not be possible to conclude a sale transaction for all or some portfolios if the conditions of their sale are economically unfavourable for the Bank or if they differ from the assumptions adopted by the Bank.
The Bank have started to analyse the materials received during the bid assessment process and will inform about further steps concerning the decisions taken with regard to the sale of portfolios.
Legal basis: Article 17(1) of Regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 – MAR Regulation.