NBU extends time for Getin Holding and Leszek Czarnecki to sell their shares in IBU

As stated, according to the amending decision, the deadline set for Getin Holding and Leszek Czarnecki to divest their shares is nine months from April 29, 2024 decision. This means that the deadline has been extended by three months.

“When issuing the amending decision, the National Bank of Ukraine took into account the issuer's request to extend the deadline for the divestment of shares in the joint-stock company Idea Bank and the steps taken by the issuer to divest IBU shares, including the conclusion of the IBU share sale agreement dated October 18, 2024,” the release said.

In May, the National Bank of Ukraine demanded that Getin Holding and Leszek Czarnecki divest registered shares in Idea Bank Ukraine.

As previously reported, the Committee for Supervision and Regulation of Bank Activities, Supervision of Payment Systems of the National Bank of Ukraine has issued a decision, according to which it will apply to the owners of a significant stake in Idea Bank Ukraine measures of influence in the form of requiring Getin Holding to divest 323.072,875 registered shares of Idea Bank Ukraine (IBU) and Leszek Czarnecki to divest 145.318,179 registered shares of IBU.

At the time, the National Bank of Ukraine has set a deadline of six months for Getin Holding and Leszek Czarnecki to execute the divestment of shares, counting from the date of the decision. The decision is enforceable upon its issuance.

As reported, the basis for the decision was the Ukraine's central bank's recognition that by the date of the decision, the damage to the business reputation of Leszek Czarnecki and Getin Holding, as established by the bank's decision of March 27, 2023 (which arose as a result of the Bank Guarantee Fund's decision of September 29, 2022, to initiate forced restructuring against Getin Noble Bank), has not been remedied.

mcb/ han/