Getin Noble Bank (GNB)
+ 0.66% 10:47
Current report 79/201413.08.2014
CONCLUSION OF AN AGREEMENT ON THE PROPORTIONS OF PURCHASE OF RECEIVABLES PORTFOLIO
In supplement to Current report 70/2014 dated 16 May 2014 the Management Board of Getin Noble Bank S.A. („Issuer”) hereby informs that today, i.e. on 13 August 2014 the Issuer concluded with Idea Bank S.A. with its registered office in Warsaw („Idea Bank”) an agreement on the proportions of purchase of lease and credit receivables portfolio („Portfolio”) within the conditional agreement concluded by the Issuer and VB Leasing Polska S.A. („VB Leasing PL”).
The parties agreed on the change of the initial proposal according to which the Issuer was obliged to purchase from VB Leasing PL 37% of receivables Portfolio and Idea Bank 63% of receivables Portfolio and currently Idea Bank is obliged to purchase 100% of receivables Portfolio.
In the case where Idea Bank does not fulfill the abovementioned obligation and VB Leasing PL brings a claim against the Issuer, Idea Bank shall pay all damages resulting from the claim incurred by the Issuer.
Legal basis: Article 56(1)(2) 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 of 2005, No. 184, item 1539 later amended).