News

The decision of Bank Guarantee Fund (BGF) dated 30 December 2020 concerning Idea Bank resolution and cancelling its shares, will have a negative impact of PLN 151,172 thousand gross on the 2020 stand-alone financial result of Getin Holding. Getin Holding’s equity will be reduced by the same amount as a result of the resolution.

The company also estimates that the size of Getin Holding Capital Group measured by consolidated assets as of 31.12.2020 will shrink by about 80%, yet the BGF’s decision does not affect directly the Holding’s ability to operate in other markets.The Holding has sufficient funds to service its current liabilities.

On 7 January 2021, the Company appealed against the Bank Guarantee Fund’s decision concerning Idea Bank resolution to the Regional Administrative Court.