Getin Noble Bank S.A.

Contacts 
    Address  01-208, Poland, Warszawa, ul. Przyokopowa 33
    Phone  +48 (22) 203-03-03
    Fax  +48 (33) 661-14-67
    Website  www.noblebank.pl, www.getinbank.pl
Bank Identifiers 
    BIC (SWIFT)  GBGCPLPKXXX
    MFI ID  PL00248
    Bank Sort Code  24800002
Credit Ratings (as of Dec 2014) 
    Fitch  BB (speculative)
    Moody's  Ba2 (non-investment grade speculative)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Start Date  September 2008
Number of Employees (2013)  6 417 ↑ (+0.23%)
Financial Positions 
    Total Assets (2013)  63 617.00 mln PLN ↑ (+8.20%)
    Total Equity (2013)  4 780.00 mln PLN ↑ (+1.23%)
Profit and Loss 
    Net Income (2013)  400.00 mln PLN ↑ (+7.82%)

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  GBGCPLPKXXX
Bank BIC Code  GBGC
Country Code  PL (Poland)
Location Code  PK
Branch Code  XXX

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).


MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  PL00248

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.


Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  24800002

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Getin Noble Bank S.A. is rated by Fitch and Moody's.

Credit ratings assigned to Getin Noble Bank S.A. as of December 2014 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Getin Noble Bank S.A. it is set to BB (speculative), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Getin Noble Bank S.A. is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  BB
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  bb
Support Rating  3
Support Rating Floor  BB

Viability rating for Getin Noble Bank S.A. is set to bb (speculative fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is BB (speculative).

Moody's

Long-term rating is for Getin Noble Bank S.A. it is set to Ba2 (non-investment grade speculative). Long-term bank deposit rating is Ba2 (non-investment grade speculative). Bank financial strength rating is D- (modest intrinsic financial strength). Short-term rating is not assigned.

Long-Term Rating  Ba2
Long-Term Bank Deposit Rating  Ba2
Bank Financial Strength Rating  D-
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of Getin Noble Bank S.A. is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Poland are obliged to participate in Polish deposit guarantee scheme.

In the case of Getin Noble Bank S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)
Maximum Protected Amount  100 000 EUR
Paid In Currency  PLN

Further Information: Deposit Guarantee Scheme in Poland

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  No
Exempt from MRR by ECB  No

Financial Positions

In 2013 total assets of Getin Noble Bank S.A. were 63 617.00 mln PLN. Growth compared to the previous period (2012) was 8.20%. The evolution of the total assets of Getin Noble Bank S.A. is shown at Chart 1 below.

Total Assets of Getin Noble Bank S.A..
Chart 1. Total Assets of Getin Noble Bank S.A..

Recent changes in total assets of Getin Noble Bank S.A. and its main components are shown in Table 1.

2012 2013 % Change
Loans 46 510.0 52 415.0 +12.70% ↑
Total Assets 58 794.0 63 617.0 +8.20% ↑
Table 1. Recent changes in total assets of Getin Noble Bank S.A. (mln PLN).

Recent changes in total liabilities of Getin Noble Bank S.A. and its main components are shown in Table 2.

2012 2013 % Change
Deposits 50 185.0 51 486.0 +2.59% ↑
Total Liabilities 58 794.0 63 617.0 +8.20% ↑
Table 2. Recent changes in total liabilities of Getin Noble Bank S.A. (mln PLN).

Profit and Loss

In 2013 net income of Getin Noble Bank S.A. was 400.00 mln PLN. Growth compared to the previous period (2012) was 7.82%. The evolution of the net income of Getin Noble Bank S.A. is shown at Chart 2 below.

Net Income of Getin Noble Bank S.A..
Chart 2. Net Income of Getin Noble Bank S.A..

Related Information on Poland

Economy and Banking Sector of Poland

List of Banks in Poland

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