The latest release of the Bank warrant Fund (BFG) reported that Getin Noble Bank had filed for bankruptcy proceedings. This decision, which is simply a sign of financial difficulties presently facing the bank, raises clear concerns among customers. In view of this situation, it is crucial that those who have savings or another assets in the Getin Noble Bank be aware of their rights and financial collateral.
VeloBank, which was created as a consequence of the forced restructuring of Getin Noble Bank Leszek Czarnecki, passes into the hands of the American investment fund Cerberus Capital Management. The value of the transaction reaches an awesome amount of PLN 1.075 billion.
The sale of VeloBank was essential in view of the guidelines imposed by the European Commission. The full restructuring process that turned Getin Noble Bank into a modern VeloBank was closely supervised by EU institutions. Now the Bank warrant Fund, managing VeloBank, found a fresh abroad owner for him.
The acquisition of the bank by Cerberus Capital Management will be finalised in mid-2024 after obtaining the essential regulatory approvals, including from the European Commission and the Financial Supervision Commission. The fresh owner aims to supply VeloBank with more freedom to act by abolishing the restrictions imposed by the EC.
Piotr Tomaszewski, president of the Board of the Bank warrant Fund, emphasises that the sale of VeloBank completes the most complicated forced restructuring process in the European Union. With a abroad investor, the bank can number on further improvement and adjustment of the offer to the needs of customers.
Cerberus Capital Management, founded in 1992 in the US, is simply a global leader in alternate investment, with assets worth about $65 billion. The Fund invests in various sectors, including credit, equity and real property markets. He besides gained shares in respective European financial institutions, which shows his strength and experience in the industry.
Charles Dunlap from Cerberus emphasizes that Poland is an attractive and dynamic market, and VeloBank, thanks to its innovative digital solutions, can play an crucial function in the Polish banking sector. The fresh investor announces support for the improvement of the bank and its adaptation to changing client needs.
VeloBank's sales transaction is an crucial minute for the Polish banking sector. The completion of the restructuring process marks the beginning of a fresh chapter for VeloBank, which, with abroad capital and greater freedom of action, will be able to compete more effectively on the marketplace and make its activities.
Ignacy Michałowski
OSINT investigator with experience in global journalism projects. It has been publishing materials for over 20 years for the largest releases. In social activities he engaged in various projects and initiatives aimed at improving the quality of life of people, especially those of mediocre communities. He was besides active in the fight for human rights. Contact: [email protected]
