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The Warsaw Voice » Business » January 31, 2018
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Good prognosis for Getin Noble
January 31, 2018   
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Leszek Czarnecki
Listed bank Getin Noble could achieve net profit of some PLN 100 million this year, as it should benefit from the future rate hikes, while no further deterioration should be expected in terms of asset quality and impairments, DM BOS analyst Michal Sobolewski says.
The lender's lead shareholder Leszek Czarnecki's decision to support the bank by the purchase of shares from the planned issue is positive news, he believes.
Czarnecki is likely thus addressing the regulator's expectations regarding banks' capital sound position. However, the PLN 190 million injection from the issue will not solve all capital problems of the lender, analysts speaking for the daily Puls Biznesu agree.
Getin Noble's stock was gaining more than 7.5% on Monday to close up 5.2% following the news on the issue.
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