Clifford Chance advised Getin Noble Bank with a team including Timothy Cleary (Picture – Debt Capital Markets).
Under the transaction, Getin Noble Bank S.A.’s portfolio of receivables from housing communities worth more than PLN 500 million was covered by secured unfunded credit protection. The protection was ensured based on a secured financial guarantee issued by an institutional investor. The main objective of the transaction was to improve the bank’s capital ratios by decreasing the risk weight of the portfolio to which the transaction related.
Getin Bank is a bank in Poland, part of Noble Bank SA. It provides services to individual and business clients. The core business activity of Getin Bank is retail banking.
The Clifford Chance team was composed of Timothy Cleary (Picture – Partner), Grzegorz Namiotkiewicz (Partner), Christopher Leonard (Senior Associate), Tomasz Szymura (Counsel), Mateusz Chrusciak (Counsel) and Stine-Lise Budge (Lawyer).
Involved fees earner: Mateusz Chruściak – Clifford Chance; Timothy Cleary – Clifford Chance; Christopher Leonard – Clifford Chance; Grzegorz Namiotkiewicz – Clifford Chance; Tomasz Szymura – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Getin Noble Bank;