GETIN NOBLE BANK GROUP ’S FINANCIAL RESULTS 2011 2011 Presentation for investors and analysts of financial results Warsaw, March1 st , 2012
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GETIN NOBLE BANK GROUP’SFINANCIAL RESULTS
20112011
Presentation for investors and analysts
of financial results
Warsaw, March 1st, 2012
INTRODUCTION
GETIN NOBLE BANK
Balance sheet total #7 (+ 3 positions 1))950
Net result [PLN m]
We are consistently pursuing our strategic goal...
... to be ranked among the top five banks on the market.
2
Loans #5 (+2)
Deposits #5 (+1)
Interest income #4 (+2)
Fee and commission income #5 (-1)
Net result #4 (+3)
314
460
950
2009 2) 2010 2011
1) Initial results of banks for Q3 2011, as reported by the daily Rzeczpospolita; a move in the same ranking for Q3 2010
2) proforma figures
INTRODUCTION
GETIN NOBLE BANK
Ranking of banks after the first three quarters of 2011 1)
1 PKO BP 186 997 1 PKO BP 18 357 1 PKO BP 139 695 1 PKO BP 143 952
2 Pekao 142 466 2 Pekao 17 650 2 Pekao 89 391 2 Pekao 103 827
3 BRE Bank 94 444 3 BRE Bank 9 939 3 BRE Bank 64 444 3 ING 50 759
4 ING 73 696 4 BZ WBK 6 658 4 ING 40 974 4 BRE Bank 48 953
5 BZ WBK 58 766 5 ING 5 481 5 Getin Noble Bank 40 903 5 Getin Noble Bank 44 535
6 BGK 57 376 6 Bank Millennium 4 846 6 Bank Millennium 40 894 6 BZ WBK 43 644
7 Getin Noble Bank 52 718 7 Bank Handlowy 4 363 7 BZ WBK 36 021 7 BGK 36 975
Assets Equity Loans Deposits
3
1) Initial results of banks for Q3 2011, as reported by the daily Rzeczpospolita;
2) A move up in the same ranking for Q3 2010
8 Bank Millennium 50 012 8 BPH 4 024 8 Kredyt Bank 30 190 8 Bank Millennium 36 460
9 Kredyt Bank 45 094 9 Kredyt Bank 3 712 9 BPH 29 269 9 Kredyt Bank 26 247
10 BPH 38 562 10 Getin Noble Bank 3 656 10 Nordea Bank 26 158 10 Bank Handlowy 21 134
advancement from 10 th position 2) no change advancement from 7 th position 2) advancement from 6 th position 2)
1 PKO BP 8 752 1 PKO BP 2 853 1 PKO BP 8 167 1 PKO BP 2 855
2 Pekao 5 361 2 Pekao 2 232 2 Pekao 5 744 2 Pekao 2 129
3 BRE Bank 2 819 3 BZ WBK 1 175 3 BZ WBK 2 891 3 BZ WBK 986
4 Getin Noble Bank 2 636 4 BRE Bank 963 4 BRE Bank 2 767 4 Getin Noble Bank 881
5 BZ WBK 2 498 5 Getin Noble Bank 937 5 Getin Noble Bank 2 540 5 BRE Bank 850
6 ING 2 489 6 ING 879 6 ING 2 178 6 ING 667
7 Bank Millennium 1 980 7 BPH 620 7 Bank Handlowy 1 793 7 Bank Handlowy 515
8 Kredyt Bank 1 785 8 Bank Handlowy 570 8 BPH 1 499 8 BGK 428
9 BPH 1 605 9 Bank Millennium 493 9 Bank Millennium 1 449 9 Bank Millennium 341
10 BGK 1 572 10 Kredyt Bank 306 10 Kredyt Bank 1 148 10 Kredyt Bank 283
advancement from 6 th position 2) downgrade from 4 th position 2) advancement from 7 th position 2) advancement from 7 th position 2)
Interest income Fee and commission income Result from banking activities Net result
STRATEGIC GOALS
GETIN NOBLE BANK
The Bank’s strategic goal is to focus on changing its balance sheet structure while staying profitable, continuing to increase revenues
not related to credit risk and reducing the cost of risk.
It is the Bank’s intention to change the pace of growth of its loan sales in different business lines to reduce the pressure on financing.
The Bank pursue its strategic goals through a number of measures, including :
4
increasing the sales of products with shorter amortization periods: cash, car loans, loans for businesses; and by reducing the
percentage share of mortgage loans in relation to total sales;
focusing on cross-selling revenue, especially with respect to investment products, to minimize the decline in revenue resulting from
lower sales of loans;
adopting a prudent approach to credit risk, with respect to both the “old group of loans” and new loans;
securitizing the Bank’s loan portfolio as one of the methods for increasing liquidity.
In Q4 2011, the Bank launched the process of implementing new strategic goals.
SUMMARY
GETIN NOBLE BANK
The Bank made a record profit of nearly PLN 950 million in 2011
Sales of loans in 2011 were up by over 18% against the figure for the previous year.
The Bank’s loan balance increased by 25% over the 12 months (not adjusted for the effect of the PLN/CHF exchange rate
+19%). In the same period, the entire market grew by 14%.
The Bank is successfully improving its solvency ratio: Poland’s first Public Subordinated Bonds Program. In February 2012,
the Bank issued two series of bonds with the nominal value of over PLN 241 million. The first series was met with great
interest among investors, leading to a reduction rate of nearly 30%. The Bank has issued over PLN 640 million in
5
interest among investors, leading to a reduction rate of nearly 30%. The Bank has issued over PLN 640 million in
subordinated debt (as part of a public offering and a private placement), of which PLN 400 million issued in the private
placement has already been recognized in the Bank’s supplementary capital fund with the approval of the Polish Financial
Supervision Authority.
The Bank’s 2011 revenue grew at a pace nearly three times the increase in its operating costs.
The Bank’s great ability to rise capital on the market despite unfavorable market conditions, while following its financing
cost growth regime.
In February 2012, the average cost of retail term deposits in PLN above the WIBOR 3M rate fell to 62 basis points, despite
the Bank’s decision to discontinue offering term deposits with daily interest compounding.
The Bank has renewed and collateralized all its CIRS CHF transactions by the end of 2012 at prices far lower than the
current market margins.
Confirmed significant improvement in quality of loans sold since 2010, which stand for over 40% of loan portfolio
Good results of the Group’s companies (Noble Funds, Noble Securities and Getin Leasing).
KEY FINANCIAL RATIOS
GETIN NOBLE BANK
40 471,4 PLN m +21,0% Loans balance (4Q’11 vs 3Q’11 increase by 2,0%)
46 311,1 PLN m +25,1% Deposits balance (4Q’11 vs 3Q’11 increase by 4,0%)
4 058,5 PLN m +23,2%
53 542,1 PLN m +25,1%
31.12.2011 / 31.12.2010
1-4Q 2011 / 1-4Q 2010
Equity
(attributable to equity holders of the parent company)
Balance sheet total
6
1 343,8 PLN m +27,7%
869,4 PLN m -11,4%
833,1 PLN m +14,4%
1 208,4 PLN m +14,3%
1 086,3 PLN m +132,6%
950,1 PLN m +111,1%
26,72% -5,60 p.p.
30,56% +14,74 p.p.
1) YTD data
2) Stand-alone GNB
10,24% +0,70 p.p.
Overhead costs
Net interest income
Net fee and commission income
Result on provisions for NIL and other accounts receivable
Gross profit
Net income
(attributable to equity holders of the parent company)
C / I 1)
CAR 1) 2)
ROE 1)
INNOVATION REMAINS THE BANK’S SIGNIFICANT COMPETITIVE EDGE
GETIN NOBLE BANK
• The Bank was ranked as the best savings and investment bank in 2011, according to a ranking published by Comperia.pl.
• The Bank’s cash loan was 2nd place in the Złoty Bankier 2011 Survey.
• The Bank’s Prime cash loan won 10 times the 1st place in the regular monthly ranking published by Totalmoney.pl.
• Getin Noble Bank is ranked as number one in the distribution of structured products – in Q4 2011 alone, sales of structured
products to customers amounted to over PLN 1 billion.
• Getin Noble Bank’s structured products are ranked among the best such products on the market in terms of ROI for customers
7
• Getin Noble Bank’s structured products are ranked among the best such products on the market in terms of ROI for customers
(8 best such products among Poland’s Top15; 94% of Getin Bank’s structured products with a gain for the customer, according to
the daily Parkiet and structus.pl).
• Poland’s No 1 private-banking service: a PLN 5 bn balance of investments, including more than half in instruments other than
bank deposits, with more than 10 thousand active customers
• World Elite MC, Poland’s first and one of the world’s few credit cards made only of metal
• Individual Pension Accounts with an overdraft facility
• CHF Rate product
• Corpo Private
• New leasing products
+25,1%
DEPOSITS: BALANCE AND MARKET SHARE
GETIN NOBLE BANK
+0,7 p.p.
An over 16% share of the new deposits market in 2011
5,4%
6,0%
37 026
46 311
New term deposits (retail, PLN)
margin in basis points 2)
Portfolio balance (PLN m) Market share (%) 1)
86
51 47
33
53
38
53
69
47
61
49
88 91
62
8
The Bank is successfully reducing its financing costs. Its margin 2) on retail term deposits in February fell to 62 basis points.
Over the 12 month, the value of the Bank’s deposit portfolio increased by a quarter, i.e. by PLN 9.3 bn, including almost 99% in retail deposits 4),
which gives the Bank 16.4% of share of the new deposit market.
Alternative forms of improving the Bank’s liquidity (subordinated debt, securitization, bank securities, bonds, sale of receivables).
1) Market shares calculated on the basis of NBP data (market = banks operating in Poland + Polish branches of credit institutions and branches of foreign banks + SKOKs)
2) Above the 3M WIBOR sales from individual month
3) Untill February 24th, 2012
4) Amounts due to households
31.12.2010 31.12.201131.12.2010 31.12.20113)
76%
6%
8%
10%
86%
8%
6%
LOANS: BALANCE AND MARKET SHARE
GETIN NOBLE BANK
+21,0% +0,5 p.p.
The Bank is growing at double the pace of the entire market growth in 2011
Assets Liabilities53 542
33 454
40 471
4,8%
5,2%
Portfolio balance (PLN m) Market share (%) 1) Balance sheet structure of the Bank (PLN m)
Other liabilities
Share capital
Amounts due to customers
Other assets
Financial instruments
Loans and advances to
customers
Amounts due from banks
31.12.2011 31.12.2011
9
The Bank’s sales in 2011 amounted to PLN 13.1 billion, which was an increase by 18.2% compared to the previous year.
The Bank has maintained its secure balance sheet structure. Getin Noble Bank’s balance sheet total (total assets) has grown by PLN 10,7 billion
since 1 January 2011 (+25.1% versus the figure at 31 Dec.2010). This growth is attributable to the Bank’s amounts-due-to-customers figure
rising by 25.1% and loans-and-advances figure by 21.0%.
Equity (attributable to shareholders in the parent company) has risen by 23.2% during the same period.
1) Market shares calculated on the basis of NBP data (market = banks operating in Poland + Polish branches of credit institutions and branches of foreign banks + SKOKs)
31.12.2010 31.12.2011 31.12.2010 31.12.2011
4 196 4 234 4 347 4 188 4 131
CAR LOANS AND LEASING
GETIN NOBLE BANK
Portfolio (PLN m) 1)
-1,6%
Maintained position of leader in car loans
The highest increase in sale of leases on the Polish market in 2011
2)
Leasing (PLN m)
+28,6%
216 229
288 282 278
31.12.2010 31.03.2011 30.06.2011 30.09.2012 31.12.2011
10
Sale of car loans (PLN m)Already 4th market position in leasing of passenger cars and light vans up to 3.5t.
Getin Leasing moved from 15th to 7th place in Poland in 2011.
The highest increase in sale of leases on the Polish market in 2011 (+119%) 3).
Nearly 2.7 PLN billions of total loans granted to customers in 2011, an increase of
20.5% in comparison to year 2010.
Sale of car loans in 2011 amounted to 1,6 PLN billions, i.e. decrease of 4.3% vs.
year 2010
Sales of car loans continued at high levels despite lower sales of new vehicles
(-10.7%) and import of used vehicles (-9.4%) 5) in 2011.
1) Balance of gross car loans portfolio
2) Since 3Q’11 loans balance does not include loans from Idea Bank in connection with lost of control over the subsidiary.
3) According to ZPL ranking
4) Figures according to SAMAR report
-23,1%
469 422 429
399 360
Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011
Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011
26 417 27 709 30 221
32 866 33 667
31.12.2010 31.03.2011 30.06.2011 30.09.2011 31.12.2011
Sale (mln PLN)
MORTGAGE, RETAIL AND SME LOANS
GETIN NOBLE BANK
Portfolio (mln PLN) 1)
-41,9% +27,4%
Maintained position of vice-leader in mortgage loans
2)
+28,6% +7,2%
1 967 2 132 2 142
1 885
1 144
Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011
Reduction of sale in second half of 2011 as a result of Bank’s efforts to change
the structure of new loans sale.
The loans sold by the Bank were predominantly loans in PLN. As a result, the
share of foreign-currency loans in relation to the Bank’s total portfolio is
steadily lower, with a drop to 42.1% 3) as at the end of Q4 2011, meaning it was
lower by 4.0% than as at the end of 2010.
Over 7.3 PLN billions of loans sold in 2011, which was an increase by 12.1% in
comparison to year 2010.
2)
MORTGAGE LOANS
11
1) Gross portfolio
2) Since 3Q’11 loans balance does not include loans from Idea Bank in connection with lost of control
over the subsidiary.
+28,6%
2)
2)
+7,2%
+16,6% +34,7%
SME LOANS
3) Stand-alone GNB
259
335
273 314
333
Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011
3 630 3 620 3 713 3 807 3 890
31.12.2010 31.03.2011 30.06.2011 30.09.2011 31.12.2011
Over 1.8 PLN billions of loans sold in 2011, which was an increase by 48,6% in
comparison to year 2010.1 789
2 068 2 400
2 231 2 410
31.12.2010 31.03.2011 30.06.2011 30.09.2011 31.12.2011
379
499 433 452 442
Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011
comparison to year 2010.
RETAIL LOANS
Efficient sale in difficult market environment.
In Q4’2011 the Bank’s consumer credit balance grew by 2.2%, whereas the
entire banking sector reported decrease by 1.4%.
Total sale in 2011 amounted to nearly 1.3 PLN billions, what was an increase of
15.9% YoY.
113 pln m of loans
for OF IPO
Sale of loans and fee & commission result (PLN m) 1)
LOANS SALE
GETIN NOBLE BANK
The effect of a decrease in the sale of new loans offset by an increase in commission
income not related to loan sales
636
523
789
618654
598 569
649 53,1 51,6
78,3
60,8
72,4
53,2
63,7
58,3
68,4
61,1 61,5
57,7
40,0
50,0
60,0
70,0
80,0
500
600
700
800
900
1000
12
The Bank is pursuing its strategy by focusing on the sale of products with shorter amortization periods.
Steady growth of repeatable revenue
1) Stand-alone GNB
396 416
345383
183
199
233212 223 236
216 205 212 211 197230
39 61
210
75 83 86 72 88
101
100
121112
115
221
138
137 142 131 159107
90
162123
156
-
10,0
20,0
30,0
40,0
0
100
200
300
400
500
Jan'11 Feb'11 Mar'11 Apr'11 Mai'11 Jun'11 Jul'11 Aug'11 Sep'11 Oct'11 Nov'11 Dec'11
mortgage and financial loans car loans and leasing retail loans corporate loans fee and commission income
Share of foreign currency loans in total portfolio (%)
SHARE OF FOREIGN CURRENCY LOANS IN THE PORTFOLIO
GETIN NOBLE BANK
Nearly 95% of new loans in PLN.
66,1%
62,4%
56,6%53,8%
50,5% 51,7%
47,4%
3,10 2,93
2,80 2,77 2,70
3,13 3,00
3,16 3,08
3,30
3,62 3,63
2,50
3,00
3,50
4,00
0,6
0,7
0,8
0,9
13
With exchange rates as of the end of 2010 share of foreign currency loans in the portfolio would have decreased to the level of 40.3% at
the end of year 2011.
PROJECTION 1)
1) An estimated share of foreign-currency loans in relation to the Bank’s total loan portfolio, based on the CHF/PLN exchange rate of 3.50 or 3.00.
50,5%47,4% 46,1% 43,4%
42,8% 43,4% 42,1%
31,6%
28,0%25,5%
23,4%20,6%
34,9%
31,1%28,5%
26,3%23,2%
-
0,50
1,00
1,50
2,00
0,1
0,2
0,3
0,4
0,5
FC share projection CHFPLN=3.00 projection CHFPLN=3.50 CHFPLN exchange rate
CHF CIRS transactions – entered into and maturing (CHF m)
TRANSAKCJE CIRS W CHFGETIN NOBLE BANK
In 2011, the Bank collateralized its CHF transactions at prices far lower than the
current market margins.
Portfolio of CHF 4 360 m
2 055
1 780 1 645
TRANSACTIONS ENTERED
INTO/COLLATERALISEDMATURING TRANSACTIONS
14
The Bank has no significant CIRS transactions to be renewed by the end of 2012.
525 535
1 645
1 120
750
310
2009 2010 2011 2012 2013 2014 2015 2016
PLN mcumulatively
PROFIT OF THE BANK AND GROUP COMPANIES FOR 2011GETIN NOBLE BANK
The Group’s banking activity was the main source of its net income, with income
contributed by the other Group’s companies being on the increase.
557,0 19,7 22,6
+10,7%
260,7
x
950,1
+111,1%
90,1
+24,7%
1515
2011
y/y change
557,0
+27,5% -2,1%+10,7%
300 MPLN
from sale of
Open Finance
320,6 PLN m concerns adjustment for the loss of
control of Open Finance
-59,9 PLN m other adjustments
Getin Noble Bank Noble Funds Noble Securities Open Finance Other activities and
consolidation adj.
GNB Group
(profit of the parent
company)
RESULTS FROM BUSINESS OPERATIONS
GETIN NOBLE BANK
Increase of profit in result of a higher income dynamic.
Revenues from banking activities
(PLN m)
2 253
3 118
+38,4%
Administrative costs
(PLN m)
+14,4% +8,8%
NII, F&C income and
non-loans related income
(PLN m)
981 869
2 034 2 213
26,4%
42,4%
15,0%
20,0%
25,0%
30,0%
35,0%
40,0%
45,0%
50,0%
1 500
2 000
2 500
3 000
3 500
16
The Bank made a record net profit of PLN 950 million, thanks to its secure capital base and stability on the liquidity side.
Consistent growth of the Bank’s non-lending revenue base.
• In Q4 2011, almost a half of the Bank’s commissions were generated by non-lending activities, i.e. up by over 17 percentage points against the figure for Q4 2010
.
2 253
2010 2011
728 833
2010 2011
1 052 1 344
0,0%
5,0%
10,0%
15,0%
-
500
1 000
2010 2011
net interest income
net fee and commission income
non-loans related income share
CAPITAL STABILITY AND BALANCE SHEET STRUCTURE SECURITY
GETIN NOBLE BANK
A realistic plan to increase the Bank’s solvency ratio to 11,0% - 12,0% in 2012
Capital adequacy ratio 1)
9,5%10,2%
c.a. 11,0%
-12,0%
- 2,0%
+ 2,7%
+ 1,0%-2,0%+ 70 bp
GETIN NOBLE BANK
2010 increase of
capital
requirements
in 2011
increase of
equity in 2011
2011 planned
actions to
increase CAR
level
2012
17
One of the Bank’s strategic goals is to build a secure asset and liability structure in terms of foreign currencies and liquidity (liabilities
with longer maturities, increased financing stability, alternative forms of improving liquidity by raising funds on the market)
The Bank plans to increase its capital adequacy ratio in 2012 by another 100-200 basis points, as a result of activities aimed at
increasing its own funds, i.e. increasing subordinated debt levels, a new share issue, plus a merger with Get Bank.
1) Stand-alone GNB
- 2,0%
CREDIT RISK
GETIN NOBLE BANK
Cost of credit risk (%) 1)Continuing measures aimed at reducing the costs of risk:
• Continuously changing the product range to reduce the cost of risk, particularly in respect of corporate loans and mortgage loans
• Effectively carrying out debt recovery and pre-debt recovery activities
Nnoticeable results of the Bank’s measures aimed at reducing the costs of risk:
• a significant reduction in the costs of risk with respect to the Bank’s retail loans and car loans,
• stabilization of the Bank’s risk rations at the lowest levels since 2008
• The increase in the Bank’s impairment allowances for retail loans and car loans continues to trend downward – the increase in Q4 2011 was
31.12.201031.12.2011 change
3,2%3,6% 0,37 p.p.
6,0%3,5% -2,50 p.p.
2,0%2,7% 0,74 p.p.
9,9%3,9% -6,00 p.p.
3,5%2,9% -0,51 p.p.
Noticeable results of measures aimed at improving asset quality
corporate loans
car loans 2)
mortgage loans
retail loans
loans total
18
car loans continues to trend downward – the increase in Q4 2011 was lower than in Q1 2011 by, respectively, 55% and 60% (based on average monthly figures)
Reducing the level of risk to a level acceptable by the Bank – pursuing a „risk appetite” policy
1) Result on provision for NIL and other accounts receivable to average loans volume; annualized factor
2) Including leasing
3) Stand-alone GNB
Impairment charges and loans balance (PLN m)
Avg monthly impairment charges (PLN ‘000) 3)
281 292262
222235
319
365
290
26 277
29 934 30 856
33 454 34 871
37 620 39 694 40 471
-
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
45 000
Q1'2010 Q2'2010 Q3'2010 Q4'2010 Q1'2011 Q2'2011 Q3'2011 Q4'2011
0
100
200
300
400
500
600
impairment charges loans portfolio balance
1Q'2011 2Q'2011 3Q'2011 4Q'2011 2011 Jan'12
TOTAL LOANS 76 328 103 860 115 725 95 087 1 173 001 91 031
car loans 20 752 18 413 12 448 8 092 179 116 4 613
mortgage loans(incl. private banking)
34 922 66 823 86 413 77 230 796 163 76 092
retail loans 15 388 12 698 10 305 6 949 136 018 7 842
corporate loans 5 267 5 926 6 559 2 816 61 703 2 485
avg monthly
CREDIT RISK
GETIN NOBLE BANK
Loan default rates: 90+ after 6 and 12 months from loan disbursement for loans disbursed in the different
quarters starting from 2008
The quality of the Bank’s new loan portfolio was maintained within the limits of its „risk
appetite” policy.
Mortgage loans
19
Retail loans Car loans
1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11
6 M 12 M Risk apetite 6M Risk apetite 12M
1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11
6 M 12 M Risk apetite 6M Risk apetite 12M
1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11
6 M 12 M Risk apetite 12M Risk apetite 6M
KEY FINANCIAL DATA
GETIN NOBLE BANK
31.12.2011 31.12.2010
3 293,74 058,5 +23,2%
42 797,853 542,1 +25,1%
33 454,040 471,4 +21,0%
37 025,746 311,1 +25,1%
31.12.2011/
31.12.2010PLN m
Equity
(attributable to equity holders of the parent company)
Balance sheet total
Loans balance
Deposits balance
4Q 2011
577,8
-204,9
68,7
26,72%
2,8%
10,24%
4Q 2010
20
+2,4%
+3,1%
-37,4%
-5,60 p.p.
-0,11 p.p.
+0,70 p.p.
4Q’11/
4Q’10
564,1
-198,7
107,7
32,32%
2,9%
9,54%
PLN m
Income
Overhead costs
Net profit
(attributable to equity holders of the parent company)
C / I - consolidated (%) 1)
NIM 2)
CAR 1) 3)
ROE 1)
1) YTD data
2) QTD data
3) stand-alone GNB
30,56% +14,74 p.p.15,83%
DISCLAIMER
GETIN NOBLE BANK
This presentation has been prepared for information purposes only to be used by Getin Noble Bank S.A.’s customers and shareholders and by market analysts and may not be considered as an offer
or recommendation to execute any transactions. The information contained in this presentation is based on publicly available and reliable sources. However, Getin Noble Bank S.A. cannot
guarantee that this information is complete. Getin Noble Bank S.A. takes no responsibility for the consequences of any decisions based on any information contained in this presentation. The
information contained in this presentation has never been subject to independent verification and may at any time be subject to change or modification. The publication by Getin Noble Bank S.A.
of the figures contained in this presentation is not a breach of the regulations applicable to companies whose shares are traded on a regulated market. The information provided in this
presentation has already been disclosed in current or periodic reports published by Getin Noble Bank S.A. or constitutes an addition to those reports, and its publication does not require the bank
to fulfil the obligation to provide information as imposed on the bank as a public company. The content of this presentation may not, in any case, be interpreted as an express or implied statement
or assurance made by the company or its representatives. In addition, neither the company nor its representatives may be held liable, in any way (as a result of negligence or for any other reason)
21
or assurance made by the company or its representatives. In addition, neither the company nor its representatives may be held liable, in any way (as a result of negligence or for any other reason)
for any loss or damage that might arise in connection with use of this presentation or any content of this presentation or that might arise in any other way in connection with the information
contained in this presentation. n the event of a change to the company’s strategy or intentions or in the event of unexpected facts or circumstances affecting the company’s strategy or intentions,
the company is not responsible for informing the public of any possible modifications or changes to any information, data or statements provided in this presentation. This presentation contains
information relating to the Polish banking sector, including information on the company’s market share. Except for information described as based on other sources only, the market-related
information referred to above has been prepared based on data from the sources of the third persons named in this document and includes estimates, assessments, corrections and opinions based
on the company’s experience and knowledge of the sector in which the company operates. Since the market-related information referred to above has in part been prepared based on estimates,
assessments, corrections and opinions and has not been verified by independent third persons (except for information described as based on the sources of third persons), the information is, to
some degree, subjective in nature. It is presumed that the above estimates, assessments, corrections and opinions are based on reasonable grounds and that the market-related information
properly reflects the situation in the banking sector and in the markets in which the company operates. However, it is not certain that the estimates, assessments, corrections and opinions are the
most appropriate basis for conclusions relating to market information or that market information prepared by other sources will not be considerably different from the market-related information
contained in this presentation. Please note that the only reliable source of information on the situation of Getin Noble Bank S.A., forecasts, events, financial results and indicators is the current and
periodic reports published by Getin Noble Bank S.A. as part of its obligation to provide information.
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