Monday , March 8 2021

Do clients have a concern in the bank? – Banks

A big discount on Getin Noble Bank and Idea Bank ratings has raised concerns about their position. Are buyers worried?

The shares of Getin Noble Bank and Idea Bank for five days, or 40%. and 27 percent This is the outbreak of the interview, which Leskek Czarnecki recorded on Tuesday with Marek Chrzanowski. The main shareholders of Getin Noble and Idea Bank will be charged with the early head of the Polish Financial Supervision Authority, which he wants to approve in return for favorable control. Chrzanowski has already abandoned his function.

The situation is stable

In the care of the clients of both banks, some of the visited branches or a designated bank, when they asked about the security of their savings, some even decided to withdraw at least honor. Idea Bank emphasizes that deposited customer deposits are covered by state guarantees from the Bank Guarantee Fund (BFG), which corresponds to PLN 100,000. euro) (currently less than 430,000 PLN), which will be endorsed on Thursday by the Financial Stability Board. – Reactions in the capital market are emotional and not related to the actual position of the bank. The debate in the media is not related to the current functioning of Idea Bank. It works normally. The customer service is easy, says Beata Nasik from the Idea Bank press service.

Representatives of Getin Noble argue that the sale of shares on the WSE is derived from external and independent events that are not related to its business and financial conditions. "Please state that the bank's capital position has improved significantly in recent months due to the issue of shares and it was remembered that this year the main shareholder will spill over PLN 390 million, and current capital indicators are well above European standards. At the end of June, Getin Noble had almost 47 billions of deposits and Idea Bank with PLN 19 billion.

Adam Glapiski, President of the National Bank of Poland, assures the bank that the central bank will ensure that there are no cash in the banking and payment system. Everything is under control, stable, properly regulated by law. NBP is ready to act. We observe all patents, payments and payments. Everything is safe, stable convincing. KSF discusses the financial position of Idea Bank and Getin Noble Bank on Thursday. It was found that the system is operating steadily, and the KSF is currently monitoring the position of banks.

How BFG provides work

Funds collected at Idea Bank and Getin Noble are protected by BFG. These are personal zloty and foreign currency deposits, natural persons, legal entities, including local self-government units, organizational units without legal personality, legal capacity, school savings banks and funds for assistance and loans to employees.

However, the role of the State Treasury, financial institutions, including such as: banks, investment companies, stockbroking entities, entities providing insurance services, investment funds, pension funds, spin-offs and credit unions (deposits made by these institutions are kept in the bank), the bank's management staff and the main owners of the bank.

High guarantee up to 100,000 euros. The guaranteed amount shall be determined in accordance with the funds of the investor on the date the bank guarantor is fulfilled or the cash register (together with the interest to date). This amount is calculated from the sum of funds deposited in all accounts (e.g., Deposit Deposits, Current Accounts, Savings and Settlement Accounts) of one person and its claims in a particular bank or cashier. In the case of a joint account, each of the participating partners has a separate guarantee amount. The guarantee covers accumulated assets in both gold and foreign currency. Regardless of the currency of the account, the payment of the guaranteed funds is made in zloty. In the case of a structured deposit, BGF Guarantee is covered by assets in the part that is deposited as equity. The start of the payment starts seven working days after the start of the procedure.

Learn more about BFG's deposit guarantees

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