Kredyt Bank current report 2011

29.12.2011

The decision to establish the provision for the potential obligation related to the resale of Zagiel S.A. by KBC Group - 25/2011

The decision to establish the provision for the potential obligation related to the resale of Zagiel S.A. by KBC Group

The Management Board of Kredyt Bank S.A. informs that on December 29, 2011 it decided to create the provision in 4Q 2011 in the amount of PLN 35 million for the potential obligation related to the resale of Zagiel S.A. by KBC, for the price lower than the price obtained by Kredyt Bank S.A..

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22.12.2011

The Bank's rating - 24/2011

The Management Board of Kredyt Bank S.A. makes publicly known that on December 22, 2011 Fitch Ratings maintained Rating Watch Evolving on both Kredyt Bank's Long-term foreign currency rating (IDR) and Short-term foreign currency (IDR), as well as affirmed Rating Watch Negative on the Support Rating.

With reference to the above rating decisions, the Banks ratings have not changed and are as follows:

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14.10.2011

Registration of the changes to the Kredyt Bank's statutes by Distric Court - 23/2011

1. Change to § 5 sec. 2 paragraph 2
The Management Board of Kredyt Bank S.A., in connection with receiving information on October 13, 2011 of the registration of changes to the Bank's statues by The District Court for the Capital City of Warsaw, XII Economic Division of the National Court Register, resulting from the Resolutions of the Ordinary General Assembly Meeting as of May 25, 2011, makes publicly known the information on the said changes which have been introduced and the uniform text of the Bank's statues:

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27.07.2011

Press release published by KBC Group 27.07.2011 - 22/2011

Referring to the current report no 20/2011 dated July 13, 2011 the Management Board of Kredyt Bank S.A. informs that KBC Group has made publicly known today the press release which inter alia includes the following:
“KBC Group today received approval from the European Commission to amend its 2009 strategic plan and to divest its banking (Kredyt Bank) and insurance activities (Warta) in Poland and sell or unwind selected ABS and CDO assets instead of floating minority stakes of CSOB Bank (Czech Republic) and of K&H Bank (Hungary) and selling and leasing back its headquarter offices in Belgium.”
Please find attached the press release, which was made publicly known by KBC.

14.07.2011

The Bank's rating (correction of the information included) - 21/2011

The Management Board of Kredyt Bank S.A. informs that Fitch Ratings has placed on July 14, 2011 Kredyt Bank's 'A-' Long-term Issuer Default Rating (IDR) on Rating Watch Evolving (RWE). The rating action follows the announcement by KB's majority shareholder, Belgium's KBC Bank that it intends to sell its 80% stake in KB.

The RWE on KB's Long-term and Short-term IDRs reflects Fitch's view that the bank's IDRs could be upgraded if KB is bought by an entity with a higher rating than KBC. Conversely, if KB is sold to a buyer with a weaker ability to support the bank, KB's IDRs could be downgraded.

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13.07.2011

Press release published by KBC Group - 20/2011

Referring to the current report no 20/2011 dated July 13, 2011 the Management Board of Kredyt Bank S.A. informs that KBC Group has made publicly known today the press release which inter alia includes the following:
“KBC Group today received approval from the European Commission to amend its 2009 strategic plan and to divest its banking (Kredyt Bank) and insurance activities (Warta) in Poland and sell or unwind selected ABS and CDO assets instead of floating minority stakes of CSOB Bank (Czech Republic) and of K&H Bank (Hungary) and selling and leasing back its headquarter offices in Belgium.”
Please find attached the press release, which was made publicly known by KBC.

Zarząd Kredyt Banku S.A. informuje, że Grupa KBC przekazała do wiadomości publicznej w dniu dzisiejszym informację prasową zawierającą między innymi poniższą treść:

 

"Grupa KBC potwierdza, że po starannym i gruntownym rozpatrzeniu, złożyła w dniu wczorajszym, wspólnie z władzami belgijskimi, formalny wniosek do Komisji Europejskiej mający na celu zmianę planu strategicznego, który został przedłożony 30 września 2009 roku, a następnie zaaprobowany przez Komisję Europejską 18 listopada 2009 r. ('Decyzja KE') Stosowne powiadomienie zostało również przekazane do Narodowego Banku Belgii.

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22.06.2011

Assigning of rating - 19/2011

The Management Board of Kredyt Bank S.A. reveals that it was informed on June 22, 2011 that the FitchRatings has assigned Kredyt Bank S.A. :
Long-term Issuer Default Rating (IDR) of ‘A-‘ with Stable Outlook,
Short-term IDR of ‘F2’,
Support Rating of ‘1’,
Individual Rating of ‘C/D’.
FitchRatings pays attention that Long-term and Short-term ratings reflect high potential support that Kredyt Bank S.A. can expect to receive from its majority sharholder – KBC.
Assigning individual rating Fitch Ratings took into consideration inter alia: fast pre-crisis expansion of the loan book, risks embedded in the substantial exposure to foreign-currency mortgages, quality of the loan portfolio as well as the capitalization level.
In the opinion of the Agency these factors are balanced by the adequate liquidity and improved funding structure.

01.06.2011

Transaction of sale of receivables - 18/2011

Referring to the current report no 12/2011 dated April 26, 2011 and the current report no 11/2011 dated April 19, 2011, the Management Board of Kredyt Bank S.A. informs that on May 31, 2011 Receivables Batch A was transferred to the securitization BEST III Niestandaryzowany Sekurytyzacyjny Funudsz Inwestycyjny Zamkniety (BEST III NSFIZ) in connection with the payment made by BEST III NSFIZ towards the final price.
The said Receivables Batch A transfer as well as the payment made by BEST III NSFIZ towards the final price occurred in accordance with the receivables sale agreement signed on April 26, 2011 between the Bank and BEST III Niestandaryzowany Sekurytyzacyjny Fundusz Inwestycyjny Zamkniety, with BEST Towarzystwo Funduszy Inwestycyjnych S.A. acting on its behalf.

25.05.2011

Resolutions taken by the Ordinary General Assembly Meeting of Kredyt Bank S.A. on May 25, 2011 - 17/2011

The Management Board of Kredyt Bank S.A. makes publicly known the Announcement on the resolutions taken by the Ordinary General Assembly Meeting of Kredyt Bank S.A. on May 25, 2011 including justifications and attachment.

Moreover the Management Board of Kredyt Bank S.A. informs that 217.805.104 shares, accounting for 80,17 % of the Bank's share capital were represented at the Ordinary General Assembly Meeting of Kredyt Bank S.A.

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25.05.2011

Appointment of the Management Board for a new term of office. - 16/2011

The Management Board of Kredyt Bank S.A. informs that on May 25, 2011 the Supervisory Board of Kredyt Bank S.A. elected the Bank's Management Board for a new term of office. Mr. Maciej Bardan was appointed the President of the Management Board of Kredyt Bank S.A..
As vice presidents, the following persons were appointed:
as from May 25, 2011:
Mr. Umberto Arts,
Mr. Zbigniew Kudaś,
Mr. Piotr Sztrauch,
Mr. Jerzy Śledziewski,
as well as, as from July 1, 2011:
Mr. Mariusz Kaczmarek.
Below the Bank's Management Board makes publicly known the cv of Mr Jerzy Sledziewski and the cv of Mr. Mariusz Kaczmarek, who so far have not held positions on the Bank's Management Board.

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25.05.2011

Changes in the composition of Supervisory Board - 15/2011

The Management Board of Kredyt Bank S.A. makes publicly known that it was informed on May 25, 2011 on the resignation of Mr. Dirk Mampaey, due to other professional commitments, from the membership in the Supervisory Board, as from May 25, 2011.
Moreover the Management Board of Kredyt Bank S.A. informs that according to the Resolution no 29/2011 of the Ordinary General Assembly of Kredyt Bank S.A. on the change to the composition of the Supervisory Board, taken on May 25, 2011, the Ordinary General Assembly of Kredyt Bank S.A. appointed as of the May 25, 2011 Mr Guy Libot as the member of the Supervisory Board.

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25.05.2011

Decision on the 2010 profit distribution - 14/2011

The Management Board of Kredyt Bank S.A. informs that according to the Resolution no 4/2011 of the Ordinary General Assembly of Kredyt Bank S.A. on the distribution of the profit for the year 2010, taken on May 25, 2011, Kredyt Bank S.A. will pay the dividend per 1 share equal to PLN 0.37 gross. The total dividend will be equal to PLN 100,513,785.60. The number of 271,658,880 shares series from A to W of Kredyt Bank S.A. is entitled to a dividend. June 14, 2011 will be the day of dividend declaration and the June 30, 2011 will be the day of dividend payment.

27.04.2011

Announcement on convening of the Ordinary General Assemby on May 25, 2011 - 13/2011

The Management Board of Kredyt Bank S.A. makes publicly known the Announcement on convening of the Ordinary General Assemby on May 25, 2011 including the draft resolutions and reasonings.

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26.04.2011

Transaction of sale of receivables 26.04.2011 - 12/2011

With reference to the current report no 11/2011 dated April 19, 2011, the Management Board of Kredyt Bank S.A. informs that on April 26, 2011 Kredyt Bank S.A. and BEST III Niestandaryzowany Sekurytyzacyjny Fundusz Inwestycyjny Zamkniety with BEST Towarzystwo Funduszy Inwestycyjnych S.A. acting on its behalf, concluded the agreement on the sale of receivables.
The agreement provides for the sale of retail receivables portfolio of Kredyt Bank S.A. (Portfolio) which includes 423,849 of receivables with the total value as of March 31, 2011 equal to PLN 1,169.7 million.
The Portfolio net book value in the books of Kredyt Bank S.A. amounted to PLN 137,2 mln as of March 31, 2011.

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19.04.2011

Disclosure of the delayed inside information - the sale transaction of receivables - 11/2011

Pursuant to the article 57 and article 60 of the Act on Public Offering and the conditions for introducing financial instruments to the organized trading and Public Companies dated July 29, 2005 and in connection with § 1 and § 2 of the Decree of the Minister of Finance dated April 13, 2006 on the type of information that may affect the legitimate interests of the issuer, and the procedure due to the delay of transmission to the public of confidential information by the issuer, Kredyt Bank S.A. delayed on December 16, 2010 the inside information on ongoing negotiations and the circumstances related to ongoing negotiations aimed at concluding a significant agreement.

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04.04.2011

Proposed dividend - 10/2011

Referring to the current report no. 8/2011 of March 22, 2011 the Bank's Management Board informs that the Supervisory Board at its meeting held on April 4, 2011 approved a draft Resolution on 2010 profit distribution for the Ordinary General Assembly of Kredyt Bank S.A.
The draft resolution on the profit distribution for the year 2010 assumes a dividend payment equal to PLN 0.37 gross per share. The total proposed dividend will be equal to PLN 100,513,785.60 and 271,658,880 shares series from A to W of Kredyt Bank S.A. will be entitled to a dividend. June 14, 2011 will be the proposed day of dividend declaration and the June 30, 2011 will be the proposed day of dividend payment.
The final decision on the 2010 net profit distribution will be taken by the General Assembly of Kredyt Bank S.A.

04.04.2011

Resignation of the Deputy President of the Bank’s Management Board from standing for the next term of office - 9/2011

The Management Board of Kredyt Bank S.A. informs that on April 4, 2011, the President of Supervisory Board of Kredyt Bank S.A. received the letter informing that Mr Gert Rammeloo, in connection with the decision to return to Belgium, has resigned from standing for the Bank’s Management Board for the term of office starting after the day the next Ordinary General Assembly of the Bank is held.
This means that Mr Gert Rammeloo will fulfill the function of the Deputy President of the Management Board until the day the Bank’s General Ordinary Assembly is held.

22.03.2011

Proposed dividend 22.03.2011 - 8/2011

The Management Board of Kredyt Bank S.A. informs that it accepted on March 22, 2011 the draft of the Resolution of the General Assembly of Kredyt Bank S.A. on the distribution of the profit for the year 2010 and submitted it for examination of the Supervisory Board of Kredyt Bank S.A.
The draft resolution on the profit distribution for the year 2010 assumes a dividend payment equal to PLN 0.37 gross per share. The total proposed dividend will be equal to PLN 100,513,785.60 and 271,658,880 shares series from A to W of Kredyt Bank S.A. will be entitled to a dividend. June 14, 2011 will be the proposed day of dividend declaration and the June 30, 2011 will be the proposed day of dividend payment.
The final decision on the 2010 net profit distribution will be taken by the General Assembly of Kredyt Bank S.A.

07.03.2011

The specification of all the information that was made publicly known over 2010 - 7/2011

The Management Board of Kredyt Bank S.A. makes publicly known the specification of all information defined in Article 56, item 1 of the Law on public offer that was made publicly known over 2010.

At the same time the Management Board informs that full reports are available on the internet page www.kredytbank.pl.

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25.02.2011

Information received from KBC Group NV - 6/2011

The Management Board of Kredyt Bank S.A. informs that it received on February 25, 2011 form KBC Group NV a correction of the information on the KB’s shares transactions, which had been made publicly known by the Bank in the current report no 4/2011 dated February 16, 2011.
The correction applies to the number of KB’s shares held by KBC Group NV indirectly by KBC Insurance NV before the transaction. Instead of misspelled number of 706,987 shares it should be 706,860 shares.
Other information passed by KBC Group NV and KBC Bank NV included in the current report no 4/2011 dated February 16, 2011 remains unchanged.

23.02.2011

Selection of the auditor Ernst & Young Audit sp. z o.o. - 5/2011

The Management Board of Kredyt Bank S.A. informs that with reference to article 24 item 1 pt. 3 of the Bank's By-Laws in connection with article 2 item 1 pt. 3 of Supervisory Board Regulations, upon the motion of the Bank's Management Board, on February 23, 2011 the Supervisory Board selected Ernst & Young Audit sp. z o.o. with its seat in Warsaw, 1 Rondo ONZ Street, registration no. 130 as the auditor to carry out an independent review and audit of the financial statements of Kredyt Bank S.A. and the consolidated financial statements of Kredyt Bank S.A. Capital Group prepared as of June 30, 2011 and December 31, 2011.
Kredyt Bank S.A. used the services of Ernst & Young Audit sp. z o.o. within the scope of auditing the financial statements for the years 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009 and 2010.

16.02.2011

Information on the transactions concerning Kredyt Bank S.A. shares received from KBC Bank NV and KBC Group NV - 4/2011

The Management Board of Kredyt Bank S.A. passes the information received on February 15, 2011 from KBC Bank NV and KBC Group NV

Podstawa prawna:

Art. 70 pkt 1 Ustawy o ofercie - nabycie lub zbycie znacznego pakietu akcji

09.02.2011

Agreements with European Investment Bank - 3/2011

The Management Board of Kredyt Bank SA (Bank) informs that it has obtained from the European Investment Bank based in Luxembourg the confirmation of signing on February 3, 2011, two agreements under which Kredyt Bank SA gained two credit lines in the amounts representing the equivalent of EUR 50 million and EUR 100 million.
Within the framework of these credit lines, the Bank can acquire funds in tranches with maturities of seven years in case of the single repayment and up to 10 years in case of repayment in installments.
The interest rate of the funds gained will be based, depending on the currency, on a 3-month WIBOR / EURIBOR / LIBOR rate.

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09.02.2011

The correction to the content of the current report 2/2011 dated February 8, 2011- “amp;Information on transactions on Kredyt Bank S.A. shares received from the KBC Bank NV and KBC Group NV.” - 2/2011 a_kor

The Management Board of Kredyt Bank S.A. makes publicly known the correction to the content of the current report number 2/2011 dated February 8, 2011, titled: “amp;Information on transactions on Kredyt Bank S.A. shares received from the KBC Bank NV and KBC Group NV.”
After the words: "... the information received on the day ..." it should be: "February 8, 2011" instead of the misspelled: "February 8, 2010"
Accordingly, the content of the current report number 2/2011, after the correction is as follows:
The Management Board of Kredyt Bank S.A. passes the information received on February 8, 2011 from KBC Bank NV and KBC Group NV.
Simultaneously the Management Board of Kredyt Bank S.A. informs that the content of the annex to the report has not changed.

08.02.2011

Information on the transactions concerning Kredyt Bank S.A. shares received from KBC Bank NV and KBC Group NV 08.02.2011 - 2/2011

The Management Board of Kredyt Bank S.A. passes the information received on February 8, 2010 from KBC Bank NV and KBC Group NV

Podstawa prawna:

Art. 70 pkt 1 Ustawy o ofercie - nabycie lub zbycie znacznego pakietu akcji

20.01.2011

Publication dates of periodical reports by Kredyt Bank in 2011 - 1/2011

The Management Board of Kredyt Bank S.A. makes publicly known following publication dates of periodical reports:

1. Quarterly consolidated extended reports:

IV quarter 2010 - February 10, 2011
I quarter 2011 - May 12, 2011
III quarter 2011 - November 10, 2011
IV quarter 2011 - February 9, 2012

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Santander Bank Polska S.A. with its registered office in Warsaw, al. Jana Pawła II 17, 00-854 Warszawa, registered by the District Court for the capital city of Warsaw, 12th Commercial Division, set up under regulation of the Council of Ministers of 11 April 1988 on setting up Bank Zachodni in Wrocław (Journal of Laws of 1 July 1988, No. 21, item 142), registered under KRS number 0000008723, REGON 930041341, NIP 896 000 56 73, share capital of PLN 1,020,883,050 paid-up in full. Helpline: 1 9999 – fee as per the operator’s tariff.

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