“In pursuing a strategic plan to achieve capital ratios expected by the Financial Supervision Commission by 30 June. Board of Getin Noble Bank takes measures aimed at, among others, reducing operating costs, “- written in the message.
“Today, the bank ends phase of a significant reduction in non-personnel costs related to its current operations. In January this year. Bank reported also to the District Labour Office in Warsaw plan to reduce the level of employment, valid until the end of 2016 years. The Bank plans to cut jobs a maximum of 15 per cent. of employees. ” – Added.
Getin Noble Bank employs 5,600 employees (of which 4,800 is called. FTEs effective).
Bank announced that the plan to reduce operating costs is a result imposed on the bank of new charges, which coincided the increase in capital requirements and the introduction of a bank tax.
“a significant increase in contributions to the Bank Guarantee Fund, the creation of Support Fund borrowers and the disbursement due to the collapse of SK Bank represented a significant challenge for all players in the financial industry, including also for Getin Noble Bank “- is written in the message.
“It is worth noting that the emergence of new charges coincided with a significant increase in capital requirements and the introduction of a tax on assets, which further increased the pressure on the banks’ results,” – added.
Getin gave earlier that the sum of the additional burden of the bank since early 2015 may reach 301.8 million zł. This amount consists of 116.9 million zł for the payment to the Bank Guarantee Fund in connection with the bankruptcy SK Bank, 134.1 million zł due to payments to the Fund for Support borrowers and 50.8 million zł due to increased contributions to the Bank Guarantee Fund compared to the levels specified for 2014.
“the purpose of the board is, however, limit the level of exemptions to a minimum. Therefore, the main element of the implemented program activities will be related to the optimization of the organizational structure, consisting in reducing the number of teams and changes in conditions of employment” – written in a statement on Friday.
“In addition, even at the end of last year the bank very significantly reduced hiring new people, with natural staff turnover, helps reduce staffing levels to minimize the required level of need for layoffs,” – added.
The total capital ratio at the end of September was 13.4 per cent., And Tier1 capital ratio of 10.3 percent.
The Financial Supervision Commission has recommended keeping the Getin Noble Bank’s own funds to cover the additional capital requirement at the level of 2.03 p.p., which should consist of at least 75 percent. Tier1 capital (equivalent to 1.52 p.p.).
This means that the minimum capital ratios of the bank taking into account the additional capital requirement recommended by the Commission amounts to 15.3 percent. the ratio of the capital and 11.8 percent. for Tier1.
After three quarters of 2015 years net profit of Getin Noble Bank amounted to 239.6 mln zł, which was about 31 percent. lower than a year earlier.
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