Getin Noble Bank S.A.

Getin Noble Bank S.A. was a Polish universal bank formed in 2009 from the merger of Getin Bank and Noble Bank, offering retail and SME banking, mortgages (including a sizable legacy portfolio linked to Swiss franc exchange rates), consumer loans, deposits, and private banking under the Noble brand through nationwide branches and digital channels. After several years of weak asset quality, mounting legal risk on FX mortgage contracts, and sustained capital shortfalls, the Bank Guarantee Fund (BFG) initiated resolution in September 2022, transferring the majority of assets and liabilities—including client deposits and operational infrastructure—to a bridge institution that operates as VeloBank S.A., capitalized with support from the resolution scheme and the commercial-bank protection system to maintain continuity of services. The remaining entity of Getin Noble Bank entered insolvency proceedings, and in July 2023 the court declared bankruptcy; the estate is administered by a trustee focused on wind-down, litigation, and recovery, and it no longer provides retail banking. Former clients generally continue everyday banking with VeloBank for products that were transferred, while claims tied to exposures left in the bankruptcy estate follow court-supervised procedures; statutory deposit protection applied under Polish and EU rules up to the guaranteed limit at the time of resolution. Before resolution the bank was listed on the Warsaw Stock Exchange, reported multi-year losses and eroding capital ratios in its IFRS statements, and was supervised by KNF; following the transfer, trading in its shares was suspended and control effectively moved to resolution authorities. In practical terms, Getin Noble Bank S.A. is now a defunct institution in wind-down, with customer-facing activities carried on by VeloBank, and any creditor or legacy borrower matters handled via official communications from the bankruptcy trustee and the BFG.