Friday , January 21 2022

Change at the Summit of Idea Bank – Banks


Tobiasz Bury, the bank's president for a year, will resign. He will be replaced by Jerzy Pruski, former vice president of the sister of Getin Noble Bank.

Today, Tobiasz Bury resigns as chairman of Intellectual Bank on resignation. Reasons are not given. He was on duty for 13 months (replaced by Jaroslaw Augustyniak, long-time president and bank co-founder). From June 2017 until June 2017 he was appointed vice president of the board of directors.

The supervisory board assumes the position of President Jerzy Pruski, the current deputy chairman of Getin Noble Bank, another organization controlled by Leszek Czarnecki. These are the KNF requirements of the director, formerly president of the BPO BP, a member of the Pieniny Council, the chairman of the Bank Guarantee Fund and the deputy governor of the NBP.

There are a lot of challenges in front of Idea Bank. The scale of the problems can be seen in the process of action, which has decreased by 87% since the beginning of the year. The historical minimum is greater than 2.9 z. The Cay bank also has PLN 233m, which includes cautious investors. The idea of ​​the Idea Bank is not only the weakest results and the capital shortage, but the circulation in the distribution of the GetBack bonds (the consortium with the Polish Brokerage Authority has the largest share). In October, UOKiK, institute operations that suspected the use of applications that violate the collective consumer interests of Ideabank. The Bank has more than 250 complaints that, when presenting its GetBack bonds, demonstrate that consumers can introduce the error to consumers or allow fake sales. Let this KNF explain.

In August, it was discovered that Leszek Czarnecki was considering merging both his banks and Getin Noble and Idea. The analysis will show whether this will be a feasible move, possibly a decision in November, and that banks will publish the results for the third quarter. In an underground interview for Parkiet and Rzeczpospolita, Bury said that the business perspective would bring many benefits from the direct operation scale, but it is possible to avoid certain future costs. Costs necessary to meet IT or legal requirements (this is not just the current cost base, but a future cost-synergy). – The merger is a challenge resulting from the necessary transformation of both companies, and the merger itself is a process that engages with certain costs and occupies employees. It seems that work is more important, but the structure of the transaction will be important, says Bury.

Source link