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Idea Bank SA (IDE.WA)

IDE.WA on Warsaw Stock Exchange

5.48PLN
22 Feb 2019
Change (% chg)

0.10zł (+1.86%)
Prev Close
5.38zł
Open
5.50zł
Day's High
5.60zł
Day's Low
5.36zł
Volume
361,431
Avg. Vol
780,508
52-wk High
18.20zł
52-wk Low
1.62zł

Latest Key Developments (Source: Significant Developments)

Idea Bank Admits Selected Private Equity Funds To Due Diligence Process
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Idea Bank SA ::SAYS ADMITS SELECTED PRIVATE EQUITY FUNDS TO DUE DILIGENCE PROCESS AND STARTS TALKS ON STRUCTURE OF POSSIBLE TRANSACTION AIMED AT ATTRACTING FINANCIAL INVESTOR.  Full Article

Getin Noble Bank And Idea Bank Agree On Terms Of Merger
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Getin Noble Bank Sa ::AND IDEA BANK AGREE ON TERMS OF MERGER.ON MERGER DAY, GETIN NOBLE BANK'S SHAREHOLDERS WILL BECOME SHAREHOLDERS OF IDEA BANK.BANKS AGREE SHARE EXCHANGE RATIO OF 0.185 IDEA BANK SHARES FOR 1 GETIN NOBLE BANK SHARE.TRANSACTION IS EXPECTED TO CLOSE IN Q3 2019.SEES SYNERGY POTENTIAL WITH CUMULATED PRE-TAX COST SYNERGIES IN 2019-2021 OF 370 MILLION ZLOTYS.SEES FULLY PHASED PRE-TAX ANNUAL COST SYNERGIES OF 180 MILLION ZLOTYS BY 2021.SEES TOTAL INTEGRATION COSTS AMOUNTING TO 220 MILLION ZLOTYS PRE-TAX.SEES COST SYNERGIES THROUGH: CONSOLIDATION OF HEADQUARTERS, OPTIMIZATION OF OVERLAPPING BRANCHES, IT INTEGRATION.SEES MERGER TO STRENGTHEN CAPITAL POSITION, SEES RETURN TO PROFITABILITY.  Full Article

Getin Noble Bank, Idea Bank To Search For Potential Investor
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - GETIN NOBLE BANK SA , IDEA BANK SA ::MANAGEMENTS OF BOTH GETIN NOBLE BANK AND IDEA BANK RESOLVE TO SEARCH FOR FINANCIAL INVESTOR.SAY PLAN TO COMPLETE ANALYSIS OF POSSIBLE MERGER BETWEEN BANKS IN JAN 2019.POTENTIAL INVESTOR COULD RECAPITALISE BANKS OR ALTERNATIVELY BANK CREATED AFTER MERGER OF GETIN NOBLE BANK WITH IDEA BANK.  Full Article

Getin Noble Bank: Deposit Outflows Back To Normal Levels - CEO
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Getin Noble Bank Sa ::THERE'S NO DECISION ON MERGER WITH IDEA BANK <<>> AS YET, WE ARE NOT WITHDRAWING FROM THE PROCESS, BANK'S CEO, ARTUR KLIMCZAK, SAYS.FUND OUTFLOWS BACK TO NORMAL LEVELS - CEO.  Full Article

NBP Discharges Idea Bank From Maintaining 50% Of Required Reserve
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Idea Bank SA ::SAYS RELEASE FROM OBLIGATION TO MAINTAIN 50% OF REQUIRED RESERVE TO LAST FROM NOV 19, 2018, UNTIL END-2021 .POLAND'S NATIONAL BANK (NBP) RESOLVES TO ALLOW IDEA BANK NOT TO MAINTAIN 50% OF REQUIRED RESERVE.  Full Article

NBP Discharges Idea Bank From Obligation To Maintain 50% Of Required Reserve
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Idea Bank SA ::POLAND'S NATIONAL BANK (NBP) RESOLVES TO ALLOW IDEA BANK NOT TO MAINTAIN REQUIRED RESERVE OF 50%.SAYS RELEASE FROM OBLIGATION TO MAINTAIN 50% OF REQUIRED RESERVE TO LAST FROM NOV. 19, 2019, UNTIL END-2021.  Full Article

Idea Sells 15% of Idea Getin Leasing To Leszek Czarnecki
Friday, 31 Aug 2018 

Sept 3 (Reuters) - IDEA BANK SA ::SAID ON FRIDAY THAT IT HAS SOLD 15 PERCENT OF IDEA GETIN LEASING SA FOR 75 MILLION ZLOTYS TO LESZEK CZARNECKI IN ORDER TO STRENGTHEN THE BANK'S CAPITAL POSITION .THE TRANSACTION WILL INCREASE Q3 CONSOLIDATED FINANCIAL GROSS RESULT BY 16.8 MILLION ZLOTYS.FOLLOWING THE TRANSACTION, ITS ESTIMATED TIER1 RATIO TO INCREASE BY 49 BPS AND TCR RATIO BY 50 BPS.  Full Article

Idea Bank Says Write-Downs And Provisions To Impact Its Q2 Result
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Idea Bank SA ::SAID ON FRIDAY THAT IT HAD CREATED PROVISIONS AND WRITE-DOWNS, WHICH WILL IMPACT ITS FINANCIAL RESULT FOR THE SECOND QUARTER AND PUSH ITS SOLVENCY RATIO BELOW THE REGULATORY LEVEL:.WRITE-DOWNS AMOUNTING TO ABOUT 46 ZLOTYS ARE RELATED TO LOSS OF VALUE OF EASYDEBT FUND, WHICH INVESTMENT CERTIFICATES ARE OWNED BY GETBACK.WRITE-DOWN RELATED TO ITS SUBSIDIARY TAX CARE, AMOUNTING TO ABOUT 144 MILLION ZLOTYS.PROVISION OF ABOUT 14 MILLION ZLOTYS FOR POSSIBLE CLAIM ARISING FROM THE BANK'S PARTICIPATION IN THE OFFERING OF GETBACK'S BONDS.PROVISION OF ABOUT 42 MILLION ZLOTYS RELATED TO RETURN OF COMMISSION ON INVESTMENT PRODUCTS WITH INSURANCE CAPITAL FUND.PROVISION OF ABOUT 72 MILLION ZLOTYS RELATED TO RETURN OF COMMISSION ON INSURANCE PRODUCTS CONNECTED TO CREDIT AGREEMENTS.SAID ALSO THAT IT HAD TO MAKE CORRECTIONS CHARGING ITS OWN CAPITALS AT ABOUT 145 MILLION ZLOTYS ON A CONSOLIDATED LEVEL .AS A RESULT OF WRITE-DOWN AND PROVISIONS ITS CONSOLIDATED CET 1 RATIO AT JUNE 30 IS SEEN AT 9.24% (VS MINIMUM REGULATORY LEVEL OF 9.375%).  Full Article

Idea Bank, Getin Noble To Analyse Possible Merger
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Idea Bank SA ::SAYS SIGNS AGREEMENT WITH GETIN NOBLE BANK ON COOPERATION FOR ANALYSIS AND PREPARING BANKS' MERGER.IF THE RESULTS OF THE ANALYSIS SHOW THE MERGER IS JUSTIFIABLE, THE BANKS WILL DETERMINE INITIAL FUNDAMENTAL TERMS OF THE MERGER AND RULES OF COOPERATION IN ITS PREPARING AND IMPLEMENTATION.  Full Article

Idea Bank: Leszek Czarnecki Considers Consolidation Of Idea Bank And Getin Noble Bank
Tuesday, 17 Jul 2018 

July 18 (Reuters) - IDEA BANK SA ::SAID ON TUESDAY THAT ITS MAJOR SHAREHOLDER, LESZEK CZARNECKI, IS CONSIDERING CONSOLIDATION OPTIONS INCLUDING IDEA BANK, GETIN NOBLE BANK <<>> (GNB)AND OTHER ENTITIES IN THE BANKS' CAPITAL GROUPS.SAYS THAT ACCORDING TO INFORMATION RECEIVED FROM SHAREHOLDER, THE MERGER OF BOTH BANKS MAY LEAD TO SIGNIFICANT COST AND SALES SYNERGIES AND STRENGTHEN THEIR FINANCIAL AND SALES POTENTIAL .IN NEAR FUTURE THE SHAREHOLDER INTENDS BOTH BANKS TO ANALYSE THE BENEFITS AND COSTS OF THE POTENTIAL MERGER AND TO AGREE ON A POSSIBLE SCHEDULE AND DETAILED STRUCTURE OF THE PROCESS.THE SHAREHOLDER ALSO DECLARED THAT POTENTIAL MERGER OF IDEA BANK AND GNB WILL NOT AFFECT THE GNB CAPITAL PROTECTION PLAN AGREED WITH THE FINANCIAL SUPERVISION AUTHORITY (KNF).AS PART OF RECAPITALISATION GUARANTEED BY THE SHAREHOLDER, HE DID NOT RULE OUT THE INTRODUCTION OF OTHER INVESTORS INTERESTED IN THE COMBINED ENTITY OF THE MERGED BANKS.  Full Article

Deals of the day-Mergers and acquisitions

Jan 17 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday: