Getin Noble Bank (GNB)
Current report 19/201424.01.2014
CONCLUSION OF AGREEMENTS WHICH ARE JOINTLY DEEMED SIGNIFICANT AGREEMENT
The Management Board of Getin Noble Bank S.A. (“Issuer”) hereby announces that today it was informed by the European Investment Bank with its registered office in Luxemburg (“EIB”) on the conclusion on 23 January 2014 of a credit agreement, which together with other credit agreements concluded by the Issuer and EIB fulfill the criteria of a significant agreement.
Within the last 12 months, the Issuer concluded with EIB credit agreements of the total nominal value of EURO 350 mm to finance credit and leasing actions dedicated to small and medium businesses as well as local government units.
The value of the credit agreement dated 23 January 2014 amounts EURO 100 mm (“Agreement”). Agreements of the same value were concluded on 17 June 2013 and on 20 September 2013, on which the Issuer informed in Current report 132/2013 and 258/2013. The credit granted by EIB shall finance the credit and leasing action dedicated to small and medium businesses. The funds shall be paid in tranches. The Agreement envisages payments in four different currencies: EUR, PLN, GBP or USD. The interest rate of the credit can be fixed or variable dependent on the changes of the interest rates relevant to the currency plus margin set according to the market conditions. The maximum repayment time is 8 years from the complete use of the borrowed funds. As credit collateral the Issuer established pledge on treasury bonds held by the Issuer.
In the opinion of the Management Board of the Issuer, other conditions of the Agreement do not differ from terms and conditions generally applied in this type of agreements. The Agreement does not stipulate any contractual financial penalties. The Agreement conclusion is not conditional upon any conditions to be met. The Agreement is deemed a significant agreement as its value together with the value of other credit agreements concluded with EIB within the last 12 months is in excess of 10% of the Issuer’s equity.
The Issuer informs at the same time, that the value mentioned above should be increased by the value of two credit agreements of the total nominal value of EURO 125 mm granted by EIB to Dexia Kommunalkredit Bank Polska S.A. through Dexia Kommunalkredit Bank AG, where the Issuer is beneficiary (the party to the agreements) upon multilateral agreement concluded with EIB, Dexia Kommunalkredit Bank AG and Dexia Kommunalkredit Bank Polska S.A. while acquiring 100% of shares of Dexia Kommunalkredit Bank Polska S.A. As regards the above, the nominal value of the agreements existing between the Issuer and EIB within the last 12 months amounts EURO 475 mm.
Legal basis: Article 56(1)(2a) of the Polish Act of 25 July 2005 on public offering and the conditions for introducing financial instruments into an organized trading system and on public companies (Journal of Laws No. 184 item 1539 of 2005 later amended) in connection with §5 (1)(3) and §9(8) of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states.