Getin Noble Bank (GNB)

1.53PLN
+ 1.32% 17:04

Current report 72/2014

30.05.2014

INFORMATION ON THE CHANGE OF THE OUTLOOK OF RATING OF GETIN NOBLE BANK S.A.

Acting pursuant to § 5(1)(26) 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, the Management Board of Getin Noble Bank S.A. (“Issuer”) hereby informs that due to the changes in European regulations (described below), the rating agency Moody’s (“Agency”) reduced the Outlook of the Long-term Deposit Rating from Stable to Negative.

The change of the Outlook of the Issuer, as well as of other European banks was made due to the recent voting of the European Parliament over adoption of the EU Bank Recovery and Resolution Directive (BRRD), as well as establishing uniform mechanism of euro zone banks recovery and resolution (SMR) and the influence of the implementation of the above regulations on the limitation to gain support for those institutions from the national authorities.

At the same time the Agency confirmed Long-term Deposit Rating of the Issuer at Ba2. To the best of knowledge of the Management Board of the Issuer, the change of the Outlook is not connected with the current financial situation of the Issuer.

Legal basis: §5 (1)(26) 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.